Sports Betting News Archives - Page 13 of 67

UK-based payments platform Paysafe expands into the Massachusetts mobile sports-betting market.

This announcement makes Massachusetts the the 26th US state in which Paysafe offers its solutions to operators.

With this expansion also comes the extension of multiple partnerships which the payment supplier has with US operators.

DraftKings and Paysafe have a 10-year partnership spanning 21 states, which will continue in the Bay State. Additionally, the payment supplier’s 11-year, 21-state partnership with Caesars Entertainment will also remain.

Zak Cutler, president of global gaming at Paysafe, commented on his enthusiasm towards the expansion: “We’re excited to expand into Massachusetts, my home state and an important milestone in the evolution of the US igaming industry, with its passionate sports culture and pivotal industry role in the development of daily fantasy sports and now sports betting.

“We’re also proud to extend our longstanding relationships with several major spo..

March 30, 2023

12Bet integrates Betradar as new sportsbook provider

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Online gambling operator 12Bet has announced Betradar, the sports betting data division of Sportradar, as its new sportsbook provider.

Under the arrangement, 12Bet customers will have access to a range of sportsbook services from Betradar including betting options on the Indian Premier League (IPL) cricket competition.

12Bet will also work with Betradar to run a number of special promotions for the IPL, with users having the opportunity to win a range of prizes.

Licensed and regulated by the Philippine Amusement and Gaming Corporation (Pagcor), 12Bet also offers online casino, keno, lottery and other igaming options. The operator celebrates its 15th anniversary this year.

“We are thrilled to announce our partnership with Betradar as our new sportsbook provider. Our aim has always been to provide the best possible experience to our beloved members,” a 12Bet spokesperson said. “With Betradar’s expertise, we have enhanced our offerings and are positive to provide an unparalleled exper..

March 28, 2023

BetConstruct to enter Denmark with new licence

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Online gaming and betting solutions provider BetConstruct has secured a new licence from the Danish Gambling Authority (Spillemyndigheden).

The licence will enable BetConstruct to offer the majority of its services and solutions to approved operators in the Danish market.

Content and solutions available in the country from BetConstruct will include, online casino games, sports betting and live casino, as well as retail solutions for betting shops.

BetConstruct said it plans to work with operators, software providers, payment processors and marketing affiliates as part of the expansion.

“Obtaining a licence from the Danish Gambling Authority is a sublime advantage for businesses to widen their game offerings, enter a new, less saturated market in Europe and provide safe and engaging services to players,” BetConstruct said.

“Hence, BetConstruct is proud to become one of the first providers to receive this prestigious licence.”

In related news, igaming content developer PopOK Gaming..

March 28, 2023

Rhode Island sports betting revenue level in February

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Revenue from sports betting in Rhode Island remained level year-on-year in February, while the state reported only a marginal increase in handle.

Wagering revenue for the month amounted to $3.6m, equalling the amount generated in the same month last year, but down 30.8% from $5.2m in January of this year.

Online betting accounted for $2.0m of revenue in February, while combined retail revenue from Twin River and Tiverton Casino reached $1.6m. Twin River retail revenue hit $1.9m, while Tiverton Casino posted $420,795 for the month.

Read the full story on iGB North America.

March 27, 2023

Tab NZ pens long-term strategic partnering with Entain

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Tab NZ, the sole holder of a betting licence in New Zealand, has entered into a long-term strategic partnership with Entain.

Under the arrangement, which remains subject to Ministerial approval, Entain will support Tab NZ with delivering wagering and broadcast functions in the country for a period of 25 years.

Tab NZ said it took the decision to enter such a partnership due to increasing competition, rising costs, capital constraints and other challenges that have impacted its ability to deliver adequate funding to racing and sports.

With these challenges expected to increase, Tab NZ said it spent the last six month engaging with a range of operators in relation to a strategic partnering arrangement and received a number of proposals, including the successful pitch from Entain.

Specific terms of the deal will remain commercially confidential until approval is granted, but it was confirmed that Entain was selected based on a wide range of criteria, including operational expertise, c..

March 24, 2023

Inspired scores deal with Aristocrat through NFL licence

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Gaming provider Aristocrat Gaming announced today that it had chosen Inspired Entertainment to launch a new “virtual sports experience” for football fans through the company’s licensing agreement with the National Football League (NFL).

The NFL-themed virtual sports games will allow fans to bet on teams as they compete in simulated games. Aristocrat said that users will be able to wager with many of the options that they are already familiar with including money line bets, over/under total score and total touchdowns.

According to the business, the virtual sports games will include NFL imagery such as the NFL shield, the logos of all 32 teams, heritage team marks, AFC and NFC Conference logos, as well as the Super Bowl logo.

“Through Inspired, this NFL licence expansion into virtual sports presents a ground-breaking entertainment option that’s never been done before,” said Aristocrat CEO Hector Fernandez. “As part of our overall NFL strategy, we are thrilled to tap into the global ap..

March 24, 2023

Mississippi sports betting handle continues to decline in February

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Sports wagering handle in Mississippi fell again in February, with the US state reporting a month-on-month and year-on-year decline.

Consumers spent $39.8m betting on sports during the month, down 2.7% from $40.9m in the same month last year and also 30.4% lower than the amount wagered in January this year.

In terms of revenue, this reached $3.1m, which was 63.1% higher than $1.9m in February of 2022 but 39.2% behind the $5.1m generated in January.

Read the full story on iGB North America

March 23, 2023

Portuguese online gambling revenue reaches record €195.3m in Q4

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Online gambling revenue hit an all-time high of €195.3m (£173.0m/$213.0m) in Portugal during the fourth quarter of 2022, with record performances across both the sports betting and casino sectors.

Gross revenue for the three months to 31 December 2022 was 39.7% higher than €139.8m in the corresponding period of the previous year and also 23.4% more than the previous quarterly record of €158.2m set in Q3 of 2022.

Online casino

Casino was the primary source of revenue during the quarter, generating €109.8m in total revenue, up 48.3% year-on-year and 23.8% quarter-on-quarter, according to regulator the Gaming Regulation and Inspection Service (SRIJ).

Consumers spent €2.98bn playing online casino in Q4, up 42.1% from the previous year’s total and also a new record for the country’s market.

Slot machines were by far the most popular form of online casino, attracted 79.8% of all bets during, with French roulette a distant second with 8.5% of bets and blackjack 5.5%.

Sports betting

Tu..

March 22, 2023

Oklahoma tribal sports betting bill clears House

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The Oklahoma House of Representatives has voted through a bill that would allow tribes in the US state to add legal sports betting to their existing gaming compacts.

House Bill 1027 passed yesterday (21 March) by a vote of 66-26 and will now move forward to the Senate for a further committee progress, where it could face additional amendments.

The final version of the bill would need approval from both the House and Senate before it could be passed to the governor for final sign-off.

Read the full story on iGB North America

March 22, 2023

GiG banks on the power of two

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Richard Brown’s tenure as Gaming Innovation Group (GiG) chief executive began with a major change of direction, with the sale of its B2C assets to Betsson. Almost four years on, and with business booming for the B2B supplier, he’s poised to make another huge call with plans to split the business into media and platform suppliers.

When he was confirmed as permanent CEO of Gaming Innovation Group (GiG) in November 2019, Richard Brown pledged a focus “on delivery, execution and optimisation, putting us on a path for great focus and renewed growth”.

The business reported revenue of €43.0m for 2019, at a time it encompassed B2C operations; a platform business, and affiliate marketing operations under the GiG Media banner. Brown then divested the B2C operations to Betsson early in 2020.

This, he’s explained previously, created a focused business, with staff putting all efforts into the B2B platform and media operations.

In 2022, Brown’s third full year as GiG CEO, revenue hit €90.1m, ..

Category: Sports Betting News