Bookiecity, Author at Bookiecity

Delaware igaming spend falls again in February

Consumer spending on online gambling in Delaware fell for the second consecutive month in February, while sports betting handle fell to a six-month low.

Players wagered $38.0m on igaming during February, down 13.8% from $44.1m in January but 55.7% ahead of $24.4m in the same month last year.

Of this total, $23.0m was spent on video lottery games and $15.0m on online table games.

Read the full story on iGB North America.

March 15, 2023

US growth drives 30% revenue rise in Sportradar FY22

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Sportradar reported a 30% rise in revenue from €561.2m (£490.1m/ $591.2m) in 2021 to €730.2m in its full year 2022 financial report, driven by 78% growth in the US, as well as 26% growth from its international operations.

The company’s reported revenue beat its annual projected outlook range of €718m to €723m. US revenue stood at €127m for the year, as opposed to the €71.7m the business reported in 2021. This compares with the 25.8% rise in its international betting segment with grew from €309.4m to €389.1m from 2021 to 2022.

From this revenue, the business announced adjusted earnings before interest taxes depreciation or amortisation (EBITDA) of €125.8m, a 23% increase from the €102.0m the company achieved in 2021.

The business hailed the strong results across all its key performance metrics. CEO Carsten Koerl said he was “very pleased” with the company’s results, driven by what he described as “exceptional execution”.

“We saw excellent performance across all of our key performa..

March 14, 2023

World Series of Politics Episode 13: Governor Rick Perry on Texas sports betting

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Former Secretary of the Environment and Texas’ longest-serving Governor Rick Perry joins Brandt Iden and Brendan Bussmann on the World Series of Politics.

Governor Perry believes legislation from Senator Lois Kolkhorst and Representative Jeff Leach, that paves the way for a public vote on sports betting regulation, is the best way to bring legal wagering to the Lone Star State.

Listen to the World Series of Politics on Apple Podcasts

About Rick Perry:

Rick Perry is a former United States Secretary of Energy, serving under US President Donald J. Trump from March 2017 to December 2019.

Governor Perry is a strong advocate for legal sports betting in texas

As the 14th Secretary of Energy, Rick Perry led an agency tasked with overseeing the United States’ energy supply, nuclear defense capacity, and the 17 National Laboratories, home to many of the country’s best scientists.

Prior to joining the Administration as Secretary of Energy, Perry served as the 47th Governor of Texas. As Gov..

March 14, 2023

Arizona sports wagering handle reaches $572.5m in December

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Consumers in Arizona spent $572.5m betting on sports in December of 2022, a year-on-year increase of 14.7%.

The monthly figure was comfortably higher than the $499.2m bet during the same month in 2021, but 7.2% behind the $616.9m wagered in November 2022.

Mobile betting accounted for $566.5m of all bets placed in December, while a further $5.0m was spent at retail sportsbooks in the state.

Read the full story on iGB North America.

March 13, 2023

Sportradar secures ATP betting and streaming rights

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Sportradar, the sports tech company and subsidiary of Sportradar Group AG, has been successfully chosen as the bidder for the global Association of Tennis Professionals (ATP) betting and streaming rights.

After a comprehensive request for proposal (RFP) process by Tennis Data Innovations (TDI), the streaming rights will commence in 2024 and last for a six-year cycle.

The RFP process kicked off in early 2023 as the TDI reviewed five different bidder’s proposals across multiple rounds.

Although, this is not Sportradar’s first exposure to ATP. The company has supplied official ATP Tour and Challenger Tour secondary data feeds since the beginning of 2022.

Tennis Data Innovations CEO, David Lampitt commented on Sportradar’s success.

“We are grateful to all the bidders who showed such commitment to our content throughout the selection process. Sportradar has been chosen as the best partner to deliver against our growth ambitions due to their combination of product capabilities, glo..

March 13, 2023

Fredrik Elmqvist: Other side of the coin

Sports Betting News Bookiecity

Slots veteran Fredrik Elmqvist is turning his luck to the mad bad world of sports betting – but will it work?

Elmqvist is well-deserving of his reputation as the king of slots.

But – more than 10 years on from his epoch-making launch of Yggdrasil – the Stockholm native is turning his luck to the decidedly different proposition of sports betting in his latest project ParlayBay, which seeks to make its name as the new champions of micro betting.

The Swedish entrepreneur certainly has a nose for where the action is, describing it a “pretty interesting” time to be setting out on a venture such as this.

Elmqvist describes a US sports betting landscape that is shifting into a new, subtler gear following the marketing wars that characterised the earlier days of the PASPA repeal.

“For a few years there’s been a shift into sports betting – and you see in the United States rollout both the need for new products and to keep the marketing costs down, as well as still get new players coming ..

March 10, 2023

March Madness Odds Tracker powered by Kambi

Sports Betting News Bookiecity

March Madness Odds Tracker powered by Kambi

March 10, 2023

Massachusetts’ mobile sports betting market goes live

Sports Betting News Bookiecity

The six online operators approved to launch mobile sports betting offerings in Massachusetts – FanDuel, DraftKings, WynnBet, Barstool, BetMGM and Caesars – have gone live in Massachusetts.

More than six months on from when then-governor Charlie Baker signed House Bill 5164 into law, players have begun placing bets from the six online operators licensed by the Massachusetts Gaming Commission (MGC) – joining the now majority of US states that have legalised the activity.

The rollout follows the launch of retail sports betting towards the end of January, that permitted any land-based casino or racetrack operator to apply for a licence.

“The debut of sports betting in Massachusetts has delivered an incredible amount of excitement and activity to our retail sportsbook at MGM Springfield,” said BetMGM CEO Adam Greenblatt. “We’re proud to expand our best-in-class wagering experience statewide during one of sports’ biggest months of action.”

Role of sports fans

President of Caesars Digit..

March 9, 2023

MGA pens data deal with Badminton World Federation

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The Malta Gaming Authority (MGA) has announced it has signed a data sharing agreement with the Badminton World Federation (BWF) Integrity Unit.

The deal will see the two organisations work to improve the monitoring of suspicious gambling activity in badminton.

MGA head of financial crime compliance Antonio Zerafa said he was “very pleased” to see BWF added to the list of sports governing bodies whom the regulator is already engaged with on a day-to-day basis.

“I am very pleased to see the Badminton World Federation added to the long list of Sports’ Governing Bodies whom the Authority already assists on a practical level, and we look forward to working with the BWF’s Integrity Unit on any issues that may arise,” he said.

Thomas Lund, BWF secretary general said that this partnership will support BWF in its mission of identifying possible instances of match-fixing, and will improve its capabilities in its investigations and anti-match fixing operations.

“This partnership helps the B..

March 8, 2023

New Brazil integrity body forms in wake of scandals

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A consortium of organisations with a stake in Brazilian sports betting have announced the formation of a new non-profit Brazilian sports integrity body, the Associação Brasileira de Defesa da Integridade do Esporte (ABRADIE).

The establishment of the new body follows a number of recent match-fixing scandals in the Portuguese-speaking country, which have led to a national conversation regarding its betting laws.

Involved in the creation of the association are Genius Sports, Entain, daily fantasy sports operator Rei Do Pitaco, as well as law firms Bichara e Motta and Maia Yoshiyasu Advogados, who released a joint statement following the group’s formation.

Luiz Felipe Maia from the Maia Yoshiyasu firm argued that the association was being formed at a “critical time,” due to the pressures of the growing Brazilian market and the ongoing question of regulation.

ABRADIE

ABRADIE states that it will operate as a collaborative group that will partner with regulators, federal and state la..

Author: Bookiecity