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PlayStar introduces its newly formed Advisory Board

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PlayStar, one of the top 10 online casinos in New Jersey, has announced the creation of a new Advisory Board. The board will support the company’s efforts to sustain its growth in The Garden State while exploring further expansion opportunities.

Comprised of John Finamore, Jai Maw, Carl Sottosanti, Alison Digges, Richard J. St. Jean and Terrence Gray – six luminaries from within the iGaming and investor communities– the Advisory Board will look to pool its wealth of combined knowledge to build on PlayStar’s success and take the brand to even greater heights.

John Finamore is a former Penn National Gaming and Station Casinos Executive with over 40 years of experience in hospitality and casino gaming. Throughout his career, he has been responsible for more than $3bn in annual revenues, 15 distinct properties and 8,000+ employees.

Jai Maw is the Co-founder and President of Betting Hero – one of the industry’s leading customer acquisition and retention companies. Since 2018, the business has attracted more than 600,000 new customers for leading operators across North America and is trusted as a voice-of-customer expert. Maw has been recognized by Global Gaming Business and Gaming Intelligence respectively as a 40 Under 40 and Hot 50 recipient.

Alison Digges has held significant roles in the online gaming industry at the C-suite level, most recently as the Managing Director of UK & Ireland at Entain PLC, where she was also a member of the Digital Board. Before that, she worked at IGT as Vice President of Europe, overseeing the P&L for their high-growth gaming and lottery business. Over the past four years, she has served as an advisory board member for several start-ups and also been a board member for The Restaurant Group during its time as a publicly listed company, up until its acquisition by Apollo Global.

Carl Sottosanti started his legal career at a large Philadelphia law firm. Following several corporate positions, he joined Penn National Gaming in 2003, where he specialized in M&A, corporate governance, commercial transactions, and compliance, last serving as EVP and General Counsel. He has been retired since 2021and has provided advisory services to various gaming and technology companies, as well as companies looking to enter the industry.

Richard J. St. Jean brings over 35 years of experience in the gaming and hospitality industry. Most recently serving as COO of Morongo Casino Resort & Spa, he has held senior executive roles at prominent companies such as Caesars Palace, Station Casino, and Penn Gaming. Richard is also the founder of Coastal Gaming, LLC.

Terrence Gray is a global investment management executive with over 30 years of experience leading strategy and driving growth for premier financial institutions, including Lazard, Global Thematic Partners, Deutsche Asset Management, Southern Bridge Capital, and Scudder Investments. Throughout his career, he has successfully raised over $5 billion across private and public markets.

Peter Ekmark, Chief Executive Officer at PlayStar, said: “At PlayStar, we’re incredibly proud of the significant strides our brand has made in the New Jersey market. Breaking into the state’s top 10 in 2024 is a true testament to how far we’ve come.

“That said, we’re not content to rest on our success – our goal is to continue building on this momentum and become a leading force in the industry, not only in New Jersey but across North America. The creation of our Advisory Board will help us achieve this by leveraging the collective expertise of five highly talented individuals from the casino and hospitality sectors.”

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SX Bet Bets Big on Berachain: Bringing Web3 Sports Betting to Bera

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SX Bet is the fastest-growing on-chain betting exchange—built for the future of sports and crypto.

SX Bet has officially launched on Berachain, marking the next milestone in its cross-chain expansion strategy. With over 2 million bets placed, $675 million wagered, and 93% year-over-year growth in volume, SX Bet is reshaping the future of sports betting — and Berachain is the next big stage.

SX Bet’s Berachain launch comes with a unique incentive structure designed to reward bettors for their activity. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked to the SX Vault on BeraHub to generate weekly yields in $BGT, Berachain’s governance token. The more you win, the more you earn.

SX Bet will be hosting a summer Berachain betting tournament with a 69,420 bet credit prize pool from May 31 – July 14th and airdropping bet credits to top Berachain communities.

But the Berachain deployment is not just about incentives. It’s about creating a scalable global liquidity hub for bettors and builders alike. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences.

“SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem,” said Andrew Young, SX Bet Project Lead.

The cross-chain architecture enables shared liquidity across multiple blockchains, allowing users to place bets on their preferred chain without sacrificing odds or depth.

Already the top sports betting dApp by volume on Arbitrum, SX Bet has achieved sustained growth without relying on ongoing incentives — proving that sharp odds, fast UX, and a product-first approach win. Bettors choose SX for its peer-to-peer, non-custodial, on-chain model — a platform with the best odds, deepest liquidity, and a clear message: winners are welcome.

SX Bet is setting the standard for scalable sports betting infrastructure in Web3.

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SEGA SAMMY Completes Acquisition of GAN Limited

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SEGA SAMMY Completes Acquisition of GAN Limited

 

GAN Limited announced that it has completed its merger with an affiliate of SEGA SAMMY HOLDINGS INC.

SEGA SAMMY through its affiliated entity SEGA SAMMY CREATION INC. acquired all of the outstanding securities of GAN for $1.97 per share in cash, which represents a premium of over 121% to GAN’s closing stock price on November 7, 2023 (the trading day prior to the announcement that GAN entered into a merger agreement with SSC).

Seamus McGill, GAN’s Chief Executive Officer, said: “Our acquisition by SSC is an exciting next step for GAN and the culmination of many years of hard work to deliver an unparalleled and unique gaming experience for our clients and players. GAN’s board of directors carefully evaluated a range of options to maximize shareholder value, and SSC’s recognition of the value of our assets and people leaves us confident that this transaction is in the best interest of our shareholders and provides a home for our assets to flourish. We look forward to seeing the company continuing to grow with the guidance of a global gaming and entertainment leader.”

Koichi Fukazawa, Senior Executive Vice President and Group CFO of SEGA SAMMY, said: “We are excited to be bringing the GAN team onboard. The team brings significant experience in the U.S. market, along with significant technical and development resources. This marks a new chapter in SEGA SAMMY’s operations, and we look forward to serving our customers with increased product offerings and resources.”

B. Riley Securities Inc. served as financial advisor to GAN’s Special Committee and Board of Directors and Sheppard Mullin Richter & Hampton LLP is served as legal counsel to GAN. SMBC Nikko Securities served as SEGA SAMMY’s financial advisor and Greenberg Traurig acted as SEGA SAMMY’s legal counsel.

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Century Casinos Announces Sports Betting Partnership with BetMGM in Missouri

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Century Casinos Inc. announced that its subsidiary, Century Casino & Hotel Cape Girardeau (Century), has entered into a long-term agreement with BetMGM to bring BetMGM’s sports betting platform to the Missouri market.

Under the terms of the agreement, BetMGM will operate an online and mobile sports betting application under Century’s license in Missouri. The agreement includes a percentage of net gaming revenue payable to Century, with a guaranteed minimum, as well as retail sportsbook options to be exercised at Century’s discretion.

“We are excited to partner with BetMGM, a leading online sports betting and gaming entertainment company with a dynamic and innovative brand. This partnership is another step forward in leveraging our Missouri licenses and delivering premium entertainment experiences for our customers,” said Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos.

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