David J. Bartram
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Midnite Hires FanDuel Executive Dale Tang to Lead Canada Launch
Midnite has appointed former FanDuel Canada executive Dale Tang to lead its launch into the Canadian market, as the operator pushes ahead with its first international expansion beyond the United Kingdom. Midnite has appointed Dale Tang to lead its Canada launch. (Photo: Midnite) Tang joins Midnite as the challenger brand’s Canada general manager after five years at FanDuel, where he played a central role in the operator’s Canadian business.
Evoke Shareholders Back $328M Bally’s Intralot Takeover
Evoke shareholders have overwhelmingly approved the company’s proposed £243 million ($328 million) acquisition by Bally’s Intralot, clearing a major hurdle for the deal. Evoke shareholders have approved the company’s proposed takeover by Bally’s Intralot. (Image: Jakub Porzycki/NurPhoto via Getty Images) At a court meeting held on Monday (August 17), 99.91% of Scheme Shares voted to back the transaction, with 268.2 million votes cast in favor and just 236,504 against the deal.
Bally’s Intralot Q2 EBITDA Falls 16% on €34M UK Tax Hit
Bally’s Intralot saw adjusted EBITDA fall almost 16% during Q2 as higher UK gambling taxes weighed on record online revenue. Bally’s Intralot Q2 was impacted heavily by higher UK gambling taxes. (Image: Bally’s Intralot) Group revenue reached €276.1 million ($320.1 million), up 3% from Q1. Revenue had totaled €268.1 million ($310.8 million) during the first quarter. Adjusted EBITDA dropped to €84.6 million ($98.1 million), compared with €100.2 million ($116.2 million) in Q1.
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