German online betting operator Mybet has inked a deal to sell its customer-facing online gambling operations to an unidentified “strategic investor” as the company pivots to a B2B and retail focus.

On Friday, Mybet Holding SE announced that it had signed a non-exclusive term sheet for the sale of its Mybet.com B2C online gambling operations to the unspecified investor for a sum the company claims is “supposed to be in the high single-digit million range.”

Under the temrs of the deal, which is subject to the conclusion of a binding contract and the fulfillment of certain conditions, this mystery man/group will acquire 100% of Mybet group companies Personal Exchange International Ltd and PNO Casino Ltd as well as full and exclusive online rights to the Mybet brand.

Mybet will retain the right to use the Mybet brand “to an extent necessary for the continuation of its remaining business segments B2B services as well as for the operation of the stationary betting shops.” Following the deal, Mybet will focus solely on its “positively performing” B2B operations and the expansion of its retail operations.

Former Macau triad boss Wan Kuok-koi has reportedly raised US$750 million for HB token, a crypto coin that will be used as the prize money for a series of chess and poker tournaments in mainland China.

On Saturday, the South China Morning Post reported that Wan, also known as Broken Tooth, launched the initial coin offering (ICO) for HB in Cambodia. The event was reportedly attended by “high-ranking government and military officials,” as well as businessmen and celebrities from mainland and Hong Kong.

There will be 1 billion HB tokens available, according to the report, but only half of these will be offered to the public. So far, 450 million of the tokens were already sold in Cambodia, Thailand and the Philippines by Wan’s company, World Hung Mun Investment. The final stop for the ICO will be in Malaysia on July 18.

Wan reportedly plans to use the HB tokens prize money for the series of chess and poker tournaments that he will hold across mainland China, starting in Hainan in October. The former Triad boss has teamed up with a company called Zhonggongxin Cosmos (Beijing) Internet Technology Ltd., a subsidiary of an alleged state-owned assets management company. According to its website, the Zhonggongxin Cosmos has an “exclusive government authorization” to operate two kinds of poker games, in addition to its online chess games. The company also has brick-and-mortar games halls.

Daily fantasy sports operator DraftKings has inked a prospective sports betting technology deal with New York’s del Lago Resort & Casino.

On Monday, DraftKings announced that it had reached a deal with the del Lago’s owners to provide the casino with a physical sportsbook as well as an online and mobile sports betting product, just as soon as state legislators approve the necessary sports wagering legislation.

This is the second US single-game sports betting deal for DraftKings, which previously announced a betting tech deal with Atlantic City’s Resorts Casino Hotel (which has yet to launch). It’s also another coup for B2B betting tech provider Kambi, which announced a technology partnership with DraftKings last month.

Sports betting would be a welcome addition to the del Lago’s gaming palette, as the venue has struggled financially since it opened its doors last year. In January, Moody’s Investors Service cut its outlook for the venue to ‘negative,’ citing the casinos’ projections that its first-year revenue would come in around $100m below its original projections.

The mass market provided Macau casinos with ample financial fuel in the second quarter of 2018 as the VIP gambling growth rate slowed.

Data released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) on Monday showed that Macau VIP GGR grew at a pace of 14.4 percent to MOP41.04 billion (US$5.13 billion) in Q2, almost near the 12.7 percent VIP GGR posted in last quarter of 2016.

VIP baccarat revenue accounted for an estimated 55.7 percent of all casino GGR in Q2 2018, growing 17.7 percent to MOP83.99 billion ($10.4 billion) in the first six months of 2018.

However, VIP baccarat revenue in the April to June 2018 period was 4.47 percent lower than the MOP42.96 billion ($5.32 billion) revenue it registered in the first quarter of 2018.

While its politicians continued to bicker, Lebanon has been bleeding “millions of dollars” in revenue as illegal gambling operators continue to flourish in the country.

Al Bawaba News reported that Lebanon’s online gambling bill has been gathering dust on the Congress shelf, as the never-ending political debate on who will be regulating online gambling in the country raged on.

The controversial draft decree, which would give the Lebanese government the power to regulate online gambling, was filed in Congress in 2012. An unnamed official from the country’s Finance Ministry told the news outlet that they already amended the draft decree several times to keep it up to date but legislators have been brushing it aside.

“We amended a draft in 2012 to include all gaming outside Casino du Liban, including the bingo centers … under the jurisdiction of the Finance Ministry,” the official said, according to the news outlet. “It hasn’t been approved or discussed by anyone since then because of the political nonsense you know about.”