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GVC said the joint venture would get access to 15 U.S. states with a population of 90 million, adding that the venture will get access to all U.S. land-based and online sports betting while integrating both companies' customer loyalty programmes.
In a new report, Business Insider Intelligence scopes the current market for robo-advisors, providing an updated forecast through 2022. In addition, we explain the different types of robo-advisors emerging, detail how startups and incumbents are working to ensure the success of their products, and outline what will happen to the market over the next 12 months.
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Broadcaster Sky News reported that GVC and MGM Resorts - best known for Las Vegas brands such as the MGM Grand and Bellagio - would each put in an initial $100 million as part of a 50:50 joint venture focused on U.S. sports betting.
There will be a winnowing of the startup robo-advisory market as only a few firms remain stand-alone, while incumbents looking to launch their own products will profit from purchasing the technology of startups that have fallen by the wayside, at low cost.
In full, the report:
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Offers an in-depth overview of the current regulatory landscapes at the national, transnational, and local levels, and discusses how they're shaping the development of the drone industry in several large markets.
On a sweltering afternoon in Macau, panting greyhounds lie in tiny concrete kennels at the gambling enclave's notorious dog-racing track, as a new plan to save them emerged following the venue's closure.
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In January, Bompard announced a five-year overhaul plan to cut costs and jobs, boost E-commerce investment and seek a partnership in China with tech giant Tencent in an effort to lift profits and sales and tackle the growing competition from U.S. online retail giant Amazon.
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