March 2022 - Page 5 of 6

Betfred expands US presence with sports betting launch in Arizona

The Betfred USA Sports division of Betfred Group has launched mobile sports betting in the state of Arizona through a partnership with tribal facility the We-Ko-Pa Casino Resort.

Players in Arizona can now download the Betfred Sports-branded app and place pre-event and in-play bets on a wide range of professional and college sports competitions.

The launch comes after Betfred agreed a market access deal with We-Ko-Pa in August of last year.

The app will support an existing retail sports betting offering at a temporary facility at the WKP Sports & Entertainment Sports Bar, with a permanent sportsbook scheduled to open at the We-Ko-Pa Casino later this year.

“Three months ago, the We-Ko-Pa Casino Resort and Betfred Sports introduced sports betting kiosks at our beautiful desert gaming destination, and most recently opened a temporary full-service sportsbook,” We-Ko-Pa general manager Mary Ketterling said.

“Adding mobile apps is one more way we can offer Arizonans an easy, user-frien..

March 7, 2022

New Yorkers spend $1.54bn on internet sports betting in February

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Consumers in New York staked a total of $1.54bn (£1.17bn/€1.42bn) on internet sports betting in February, while gross gaming revenue from online wagering reached $91.7m.

The amount bet during the period from 31 January to 27 February, which included the Super Bowl, was 5.5% lower than the $1.63bn spent in the opening 23 days of the state’s legal market.

New York launched legal online sports betting on 8 January and the total wagered in the first 23 days of operation comfortably surpassed the US monthly handle record of $1.30bn set by New Jersey in October last year.

Gross gaming revenue from sports betting in February was also 18.9% lower than $113.0m in the opening period for the state’s legal market.

February included figures from Caesars Sportsbook, FanDuel, DraftKings and Rush Street Interactive, all of which began operations on opening day in New York, as well as BetMGM, which went live on 17 January, PointsBet on 25 January and WynnBet on 2 February.

Flutter Entertainment-ow..

March 7, 2022

Genius Sports halts commercial operations in Russia and Belarus

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Genius Sports Group has become the latest gambling business to suspend operations in Russia and Belarus in response to the Russian invasion of Ukraine.

The sports data supplier and technology business said it will suspend commercial operations in both Russia and Belarus for the foreseeable future.

More than one million people have left Ukraine since Russia began its full-scale invasion of the country on 24 February.

“At all times our priority remains ensuring the safety and well-being of our colleagues, their

families and loved ones in the region,” Genius Sports said. “Our thoughts are with the Ukrainian people.”

Last week, online gambling operator LeoVegas announced its was to suspend all betting on domestic Russian and Belarusian sports in response to the invasion.

Parimatch Tech also said that it would withdraw its franchise from Russia in response to the ongoing invasion of Ukraine. The Parimatch brand was founded in Ukraine in 1994 and the main development centre of Parimat..

March 4, 2022

Nairobi bill would only permit betting in five-star hotels

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The Nairobi County Assembly has approved at first reading a bill that would only allow gambling operators to be located five-star hotels, and would only allow them to operate between the hours of 8pm and 6am.

The Nairobi City County Betting, Lotteries and Gaming (Amendment) Bill, 2021 would amend the country’s Gaming Act, which only became law last year.

The bill was approved at its second reading last week, bringing it one step closer to becoming law.

It would add new provisions to the country’s gaming laws, including only allowing betting, lotteries and gaming facilities to be “domiciled in a five-star hotel”, as rated by Kenya’s Tourism Regulatory Authority.

In addition, licenced premises would only be allowed to operate between the hours of 8pm and 6am.

Meanwhile, gambling advertisements may not be broadcast during the watershed period, which occurs from 10pm to 5am. Physical advertisements such as billboards would be banned entirely.

The law would also require all operators ..

March 4, 2022

PointsBet partners with NBC Sports for landmark dual-market telecast

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PointsBet has partnered with media broadcaster NBC Sports to debut its BetCast platform, a duel-market sports betting telecast to be split accros Chicago and Philadelphia.

The first ever BetCast will cover the NBA fixture between the Chicago Bulls and the Philadelphia 76ers, with the live game coverage spread across NBC Chicago and NBC Philadelphia.

PointsBet will supply live on-screen odds data in addition to future odds and player props. Viewers will also have access to PointsBet’s ‘Live Same Game Parlay’ options, giving them the opportunity to place bets while tracking odds, player performance, and team stats in-real time.

The BetCast will also feature alternate commentators to provide a sports betting focus. These include NBC Sports EDGE host Sara Perlman, NBC Sports Philadelphia’s 76ers analyst Jim Lynam, NBC Sports Chicago’s Bulls analyst Kendall Gill and PointsBet’s head oddsmaker Jay Croucher.

PointsBet first launched its sports betting product in Illinois in September 20..

March 4, 2022

Resorts World launches mobile sports betting app in New York

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Genting Group-owned Resorts World has become the latest operator to enter the New York mobile sports betting market, launching its new Resorts WorldBET app in the state.

Operated by the Resorts World New York City land-casino, the app will allow players in the state to place wagers across a wide range of sports.

New customers using the app will also have access to a risk-free bet of up to $500.

Resorts World already had a presence in the New York sports betting market via a retail sportsbook facility at its Resorts World Catskills site in the state.

“This is something our players and sports enthusiasts have wanted for a long time, and we’re excited to say Resorts World New York now has mobile sports betting,” Genting Americas president Robert DeSalvio said.

“From our experience in having a sportsbook in both our Catskills and Las Vegas properties, we were able to take feedback from our players and deliver what New Yorkers really want in a mobile sports betting app.

“By partnering..

March 4, 2022

Virginia smashes sports betting handle record in January

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Consumers in Virginia wagered a total of $485.5m (£365.4m/€442.4m) on sports during January, a new monthly record for the US state.

The January figure surpassed the previous record of $427.3m set in October of last year by 13.6% and was also 13.8% higher than $426.6m in December.

Virginia launched its legal sports betting market on January 21 last year, meaning full year-on-year comparisons were not possible.

Adjusted gross revenue increased 80.2% month-on-month from $10.1m in December to $18.2m but was some way behind the $31.0m record set in August.

Players won a total of $446.5m in January, while the state was able to collect $2.9m in tax from sports betting. Virginia has a 15% tax rate in place on each operator’s adjusted gross revenue.

Of the total tax collected during the month, 97.5%, or $2.8m, was allocated to the General Fund Allocation, while the remaining 2.5%, or $71,915, went to the Problem Gambling Treatment and Support Fund Allocation.

Since the market opened in Ja..

March 3, 2022

Bet365 revenue steady in 2020-21 despite in-play betting decline

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Bet365 has reported revenue of £2.81bn (€3.39bn/$3.76bn) in the full year ended March 2021, largely even with its 2020 revenue, as growth in gaming helped offset a pandemic-related drop in in-play betting volume.

This was a slight rise of 0.2% from Bet365’s full year 2019-20 results, due to the pandemic effectively ceasing live sports for at least half of the year.

Sports and gaming accounted for a grand majority of the revenue, totaling at £2.77bn.

While the operator did not mention how much revenue came from each aspect of that vertical, it said that gaming rose 8%, offsetting lower sports revenue. In-play share made up 68% of the sports revenue, falling from 75% in 2020.

Total wagers on sports were down by 13%, the second consecutive year of declining stakes.

Football club and facilities revenue, from Bet365 Group-owned Stoke City FC, came to £29.3m.

Sports and gaming also incurred all direct costs, at £489.8m. This left the total gross profit at £2.32bn, down 3% year-on-year..

March 3, 2022

Elys scores extension to sportsbook partnership with New Mexico’s Isleta

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Interactive gaming and sports betting technology business Elys Game Technology has signed an extension to its sportsbook partnership with the Isleta Resort and Casino in Albuquerque, New Mexico.

Under the deal, Elys’ USBookmaking betting technology subsidiary will continue to provide sports wagering services and solutions to the casino.

This includes a series of self-service kiosks and in-person ticket counters located throughout the casino property.

Customers at the Isleta can place a wide range of bets on competitions such as the National Football League, National Basketball Association and Major League Baseball.

“We are very pleased to continue our relationship with Isleta and to provide the highest quality sportsbook performance and service commitment to the casino and its customers,” USBookmaking’s director of operations John Salerno said.

“We remain very confident about our growing opportunities and relationships for sports wagering in the tribal gaming sector as our North A..

March 2, 2022

Colorado sports betting handle reaches record $573.7m in January

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Consumers in Colorado wagered a record $573.7m (£430.6m/€516.7m) on sports in January, while revenue for the month amounted to $34.6m.

The amount spent by players easily beat the previous record of $491.5m set in October of 2021 by 16.7%, while it was also 75.5% higher than in January last year and 24.3% up from $461.4m in December 2021.

Online wagers in January amounted to $567.1m, whereas in contrast, just $6.6m was bet at retail sportsbooks across the state, figures published by the Colorado Department of Revenue showed.

Gross gaming revenue from sports betting in the month reached $34.6m, which was 49.8% higher than $23.1m in January 2021 and 40.1% more than $24.7m in December 2021 but fell short of the record $36.8m set in October last year by 6.0%.

Online betting accounted for $34.2m in total revenue, while the remaining $437,090 came from retail wagering facilities.

Basketball was the most popular sports to wager on, attracting $163.6m in total bets during the month, ahead ..

Month: March 2022