Sports Betting News Archives - Page 58 of 67

FuboTV appoints Ahn as first chief business officer

Sports streaming service and betting operator FuboTV has appointed Henry Ahn to the newly created role of chief business officer.

Based in New York City, Ahn will oversee FuboTV’s content strategy and licensing, as well as business development. He will report directly to FuboTV co-founder and chief executive David Gandler.

Ahn will transition from his current role on FuboTV board of directors in order to take on the new position. He has been a member of the FuboTV board since July 2020.

Ahn previously spent more than two-and-a-half years as president of distribution and content partnerships at Univision Communications, while he also spent almost seven years as president of content distribution and marketing for Scripps Network Interactive.

His other roles have included executive vice president of TV networks distribution for NBC Universal, senior vice president of affiliates sales at NBCU Cable Networks and director finance and administration at NBC Cable.

“I am thrilled to be wor..

March 25, 2022

KSA chair: Dutch online market may be smaller than expected

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René Jansen, chair of Dutch regulator de Kansspelautoriteit (KSA), said that early data suggests the country’s online gambling market may be smaller than initially expected in terms of player numbers.

Jansen (pictured) commented on the regulator’s annual report for 2021, which was released last week and included data about player numbers, advertising and unlicensed play. In this report, the KSA noted that 634,000 online gaming accounts had been created between the vertical launching in October 2021 and the start of March.

Jansen noted that when multi-account play is considered, it suggested that the number of players may be lower than expected.

“Please note: this does not mean that there are so many players (on legal sites) in the Netherlands,” Jansen said. “An unknown number of players have an account with several providers. So there are (probably considerably) fewer than 634,000.

“This is an important insight, because earlier estimates have been made of approximately 1 million D..

March 25, 2022

Missouri sports betting bill passed to state senate

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A bill that aims to legalize sports betting in Missouri is heading to the state senate after it passed its final house reading yesterday (March 24).

House Bill 2556 was first introduced on January 19 and was first referred to the Special Committee on Public Policy. It was sponsored by Representative Dan Houx.

It was one of several sports wagering bills that progressed through the Missouri state legislature in March.

Read the full story on iGB North America.

March 25, 2022

Connecticut sports betting and igaming revenue both decline in February

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Gross gaming revenue from online casino in Connecticut came to $17.2m, down 8.5% from January, while sports betting revenue hit its lowest total for a full month since launching.

Gross gaming revenue is calculated after promotions are deducted. Before these deductions, revenue was $21.6m, down 3.6%.

The Mashantucket Pequot Tribal Nation – which operates Foxwoods Casino and partnered with DraftKings for online betting and gaming – continued to lead the way in gross online casino revenue, bringing in $13.7m. The tribe made a further $46,953 in revenue from mobile-on-reservation gaming, with its own Foxwoods-branded app.

Meanwhile, the Mohegan Tribe – which partnered with FanDuel – brought in $7.8m in gross revenue.

The combined online casino revenue came on $743.9m worth of stakes, with $493.6m staked with the Mashantucket Pequot Tribe and $249.5m with Mohegan.

In addition, players staked $17.2m worth of promotional credits with the Mashantucket Pequot Tribe and $1.0m with Mohegan.
..

March 25, 2022

Racing Victoria selects Jones as next CEO

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Racing Victoria has named sporting industry veteran Andrew Jones as its new chief executive, starting on 11 July.

Jones (pictured) is currently the interim chief executive of Netball New South Wales. He has also served as chief executive of Cricket New South Wales from 2013 to 2019 and interim chief executive of news site Racing.com.

Before this, he was general manager of strategy at Cricket Australia from 2010 to 2012, overseeing the launch of the Big Bash League in this role.

ANDREW JONES

“The Board is delighted to appoint Andrew Jones to the position of chief executive and we look forward to his commencement later this year,” Racing Victoria chairman Brian Kruger said.

Jones has also led strategy consultancy The Killer Group. In this role, he worked with Racing Victoria, helping to set up the Victorian Thoroughbred Racing Integrated Media Business (VTRIMB).

“Andrew will join Racing Victoria with a wealth of business, strategy and sports administration experience coupled with ..

March 24, 2022

Tab NZ reports turnover decrease in February

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Tab NZ has reported betting turnover of NZ$184.9m (£97.3m/€116.9m) for February, down 23.3% from the previous month.

This was also a decrease year-on-year of 1.2% and 2.3% below budget for the month.

Gross betting revenue was NZ$30.1m, a decrease of 24.7% from January but a rise of 1.1% year-on-year.

Profit for February was NZ$11.3m, down 36.5% month-on-month but up 9.7% from February 2021. This was NZ$200,000 less than the budget for the month.

Betting profit made up NZ$10.1m of the total profit, NZ$400,000 over budget, while gaming profit brought up the remaining NZ$1.2m, coming in NZ$600,000 under budget.

Profit for the year to date totaled at NZ$96.9m, down 7.5% year-on-year and NZ$800,000 under budget.

Operating expenses for the month fell by $900,000 compared to January, to NZ$9m, and fell by NZ$600,000 year-on-year.

The most successful day for horseracing turnover for the month was at the Herbie Dyke Stakes at the Te Rapa venue on 12 February, which generated NZ$538,000.
..

March 24, 2022

BetMGM and PointsBet cleared to launch in Ontario

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iGaming Ontario, the subsidiary of Alcohol and Gaming Commission of Ontario (AGCO), has announced BetMGM and PointsBet as the latest operators to secure online gambling licences in the Canadian province.

BetMGM will operate through BetMGM.ca in Ontario, while PointsBet will be active via the PointsBet.ca website.

Each of the licences will run from the day the market opens through to 3 April 2024.

Ontario’s regulated online gambling market will officially launch on 4 April, with iGaming Ontario having been given the responsibility to oversee all igaming operations in the province.

In recent weeks, iGaming Ontario has issued licences to a host of operators in preparation for the market opening.

These include Bet365, Flutter Entertainment-owned FanDuel, Unibet and the Ontario Lottery and Gaming Corporation.

Other named licensees include LeoVegas, Rush Street Interactive, Rivalry, theScoreBet, 888, Coolbear and Fitzdares. Annexio Limited will operate as Lottogo while NSUS Limited wi..

March 23, 2022

Stoixman deal helps OPAP revenue grow to €1.54bn

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Greek operator OPAP recorded €1.53bn (£1.28bn/$1.69bn) in revenue in 2021, a 36.2% year-on-year increase, as the acquisition of the remainder of Stoiximan helped the business diversify its operations with greater focus on online betting and gaming.

Breaking down this revenue total by game type, lotteries were the largest contributor, bringing in €549.2m, which was 5.9% more than in 2020.

This was followed by retail betting, which brought in €283.0m, up 5.6%, as pandemic-related restrictions continued to have an impact.

“Our retail business demonstrated high resilience, with recovery ramping up, even though our stores had to suspend operations for several months and adjust to strict healthcare restrictions after reopening,” OPAP chief executive Jan Karas said. “Our comprehensive commercial plan and well-accepted loyalty programs played a key role to this end.”
Online betting, meanwhile, experienced a sharp increase in revenue, by nearly 500% to €238.4m. Similarly, revenue from online..

March 23, 2022

Swedish regulator pens integrity deal with Sportradar

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Swedish gambling regulator Spelinspektionen has entered into a new partnership with the Sportradar Integrity Services arm of Sportradar.

Under the deal, Sportradar will monitor a range of sports and competitions in Sweden and flag any suspicions of match-fixing to Spelinspektionen.

The regulator will also have the opportunity to work with Sportradar on initiatives to assess the risk of manipulation in certain sports.

“Through the information we will receive via Sportradar, we increase our knowledge of match fixing that we can use in, among other things, our regulatory work,” Spelinspektionen investigator Daniel Frisö-Grön said.

“It also gives us opportunities to expand the exchange of information with sports and the police within the framework of our collaboration against match-fixing.”

Earlier this month, Sportradar published its annual integrity report, revealing that a record-breaking 903 suspicious matches had been flagged in 2021.

March 22, 2022

Stats Perform scores extension with Chinese Super League

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Stats Perform has signed a multi-year extension to its data partnership with the Chinese Super League (CSL), the top tier of club football in China.

Under the agreement, Stats Perform will serve the CSL’s event and tracking data provider, exclusively collecting tracking data using the SportVU system at the home venues of every CSL club.

Together with Opta event data, this tracking data will be used to supplement the league’s broadcast and digital channels, along with supporting partners including media, brands and sponsors.

Data will be delivered to the CSL through a range of Opta data feeds including advanced analytics data and predictive data for use across broadcast, digital and social platforms, before, during and after matches.

The deal also includes Pressbox Graphics, an application that Stats Perform said would help the CSL deepen fan interest by producing automated visual graphics and animations, powered by Opta data.

In addition, each club will have access to ProVision..

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