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land-based and online sports betting, offering real-money and free-to-play online casino gaming under the Borgata and BetMGM headline brands. The source detailed that the plan moreover guarantees that the South African firm’s current creditors will receive a minimum of million, which equates to a 72% assurance as opposed to the full promise earlier pledged by Betfred. The traditional standing-room-only tickets are not offered this year....

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Betfred, which is led by billionaire British businessman Fred Done (pictured), had purportedly furthermore earlier offered to supply the besieged operator with a loan worth as much as million that was to be utilized to satisfy its considerable shortfall.6 million. The infield will be closed and any general admission tickets that had been purchased will be refunded....

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Also commenting on the new alliance, President for the ‘Midwest Group,’ David Tsai, added…“All of us at MGM Grand Detroit are eager and ready to welcome the Detroit Lions and sports betting fans to our BetMGM Sports Lounge this football season.Future alliances:Chief Marketing Officer for BetMGM, Matt Prevost, said…“When we first opened the BetMGM Sports Lounge at MGM Grand Detroit in March, we hoped to develop deep relationships with the state’s top teams. BetMGM and the BetMGM Sports Lounge at the reopened MGM Grand Detroit Casino will offer exclusive rewards and special offers from the multi-faceted fan engagement platform [Lions Perks]....

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S.8 million in exchange for its assets and large shareholding in local horseracing broadcaster Phumelela Gold International Limited. The traditional standing-room-only tickets are not offered this year....