Sports Betting News Archives - Page 9 of 67

Las Vegas-based sports wagering business SuperBook Sports has announced the launch of its online and land-based sports betting offering in the state of Maryland.

Consumers in Maryland can download the SuperBook Sports app or visit the website and place bets across a wide range of sports and competitions.

Players can also wager in-person at the new SuperBook Bar & Restaurant at Oriole Park at Camden Yards, the home of Major League Baseball franchise the Baltimore Orioles. The facility features 38 televisions and an LED wall for watching live sports events.

Read the full story on iGB North America

May 5, 2023

Betfred to sponsor St Leger Festival

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Betfred, the Arena Racing Company (ARC) and Doncaster Racecourse have entered into a new partnership in regards to the St Leger Festival, which will see Betfred become the title sponsor.

This year’s edition of the Betfred St Leger Festival will take place on 14-17 September.

The sponsors will also have branding tied to other races, including the May Hill Stakes, the Doncaster Cup and Champagne Stakes.

“To have the Betfred name attached to the St Leger Festival is not just a sponsorship but a privilege,” said Fred Done, CEO of Betfred. “I am proud to be associated with the world’s oldest classic which is obviously synonymous with great horses like Triple Crown winner Nijinsky, Dunfermline for the Queen and Oh So Sharp for Sir Henry Cecil.”

Martin Cruddace, CEO of ARC, said the company was pleased to have Betfred involved in sponsoring the St Leger Festival.

“We are absolutely delighted to welcome Betfred as the headline sponsors of the St Leger Festival and of the Betfred St Leger ..

May 5, 2023

PointsBet launches horse racing product

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Australian-based operator PointsBet has announced the launch of its horse racing product PointsBet Racing.

PointsBet Racing – which is now live in 25 states – was created in partnership with 1/ST Technology, a subsidiary of thoroughbred racing company The Stronach Group.

The app will feature many famous tracks around the world, including content from each branch of the Triple Crown American horse racing championship.

The operator said that over 180 tracks total would be included on the app, from venues in the US, UK, Ireland, Hong Kong, Japan and Australia.

The platform will have in-built live streaming and replay capabilities, single user account sign-on and “deep link” integration across the business’ digital products. Also included will be statistical and factor compilation, new user education tools as well “seamless” deposit and withdrawal services.

PointsBet Racing

The product is a result of an October 2022 agreement between 1/ST Technology and the business, who then announc..

May 4, 2023

Genius strikes deal with Chinese Taipei Football Association

Sports Betting News Bookiecity

Genius Sports has entered into a long-term data, streaming and integrity partnership with the Chinese Taipei Football Association (CTFA), which is the official data rights holder of Taiwan football.

The partnership will cover the CTFA’s premier competitions, including the Taiwan Football Premier League, the Taiwan Mulan Football League and the Second Division Taiwan Football League.

As part of the partnership Genius will provide its data insights and technology to the CTFA with the aim of bolstering fan experiences. Genius will also help the CTFA to commercialise its sports data and promote their streaming content.

“We’re proud to enter this wide-ranging partnership with the Chinese Taipei Football Association, providing our proven official data, streaming, competition management and integrity solutions,” said Jagdish Singh, head of customer success, APAC at Genius. “Our technology will be central to their strategy to drive new revenues, engage fans and protect their competitions.”
..

May 4, 2023

New York greenlights $455m racing Belmont development

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On 2 May, New York State lawmakers approved the FY2024 budget, which included funding for a $455m (£362.0m/€412.2m) loan to renovate and upgrade the Belmont Park race track.

Non-for-profit racetrack operator the New York Racing Association (NYRA) is charged with developing the project to build the new thoroughbred racing facility at Belmont Park.

The NYRA said that the “significant” construction development would have no cost to tax payers, due to being funded through loans that the operator is obliged to pay back to the state government.

Belmont Park’s existing grandstand and clubhouse are to be replaced with a new building, designed to “reflect the evolution” of racing and wagering since the site was last redeveloped in 1968.

In keeping with the declining popularity of racing in New York, the new construction is to be smaller, with the current 1.25 million square foot facility set to be replaced with a 275,000 square foot structure.

According to the NYRA, the new building is to..

May 3, 2023

Delaware sports betting handle continues to decline in March

Sports Betting News Bookiecity

Player spending on sports wagering in Delaware fell to a seven-month low in March, though the state was able to report an increase in igaming wagers.

Betting handle for the month amounted to $3.5m, which was 32.7% lower than $5.2m in the same month last year and 14.6% behind the $4.1m wagered in February this year. This was also the lowest monthly total since August 2022.

However, sports wagering revenue was $544,385, only marginally lower than $553,465 in March 2022 and 77.6% higher than $306,573 in February.

Read the full story on iGB North America.

May 3, 2023

IBIA received 40 suspicious alerts in Q1 2023

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The International Betting Integrity Association (IBIA) received 40 suspicious betting alerts across nine sports in the first quarter of 2023.

This was down by 16.6% compared to the alerts IBIA recorded in Q1 2022, and 20% from the previous quarter.

Sport-by-sport, football generated the highest number of alerts at 15, representing 37.5% of the total. Tennis was close behind with 12, representing 30% of the total. Combined, football and tennis made up 67.5% of the alerts in the first quarter.

Table tennis accounted for four of the alerts. Basketball and esports generated two alerts each, while volleyball, boxing and snooker accounted for one alert each.

By continent

A total of 24 alerts took place in Europe. Six took place in Asia, while four took place in Africa. North America and South America accounted for two alerts each.

Two esports alerts were not included in this breakdown as IBIA said it was unclear where the alerts took place.

IBIA noted a particular trend in Spain. Eigh..

May 2, 2023

German regulator classifies DFS as illegal gambling

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German regulator Gemeinsamen Glücksspielbehörde der Länder (GGL) has classified “certain forms” of daily fantasy sports (DFS) as illegal gambling in Germany.

The classification occurred after GGL reviewed several forms of DFS, and concluded at a hearing that they could be classified as illegal gambling.

The regulator referred to Germany’s Fourth State Treaty on Gambling, which iterates that gambling must only be operated with the strict permission of the GGL.

GGL said that a “well-known” DFS provider ceased to operate in Germany after the hearing occured.

Ronald Benter, GGL board member said that the decision had been made to protect German players from addiction and illegal gambling offerings.

“We find that our decisions are accepted by the providers and implemented promptly,” said Benter. “This protects consumers from illegal offers and the risk of betting and gambling addiction.”

GGL CEO Benjamin Schwanke added that keeping illegal gambling offerings at bay is a joint effort t..

May 2, 2023

Bally’s to outsource tech stack

Sports Betting News Bookiecity

Land-based and online gaming operator Bally’s Corporation has announced sports betting supplier Kambi and PAM platform solution provider White Hat Gaming will power its sports betting services.

The deal, which consists of both online and land-based offerings, will see the providers supply the technological capabilities for sports betting to the business, as well as support the relaunch of Bally’s online sports betting platform Bally Bet.

The operator said that it expects Bally Bet to roll out across seven states and at four retail gaming locations by the end of 2023. The company further hinted that this may represent only the first stage of a global expansion.

Variable cost structure model

Through these partnerships, Bally’s said it wants to leverage Kambi and White Hat’s “proven” technology integration, licensing across regulated jurisdictions, end-to-end as well as the companies’ track record of executing “quick launches”.

The business said that another factor in why it has chos..

April 28, 2023

PointsBet confirms North American sales talks

Sports Betting News Bookiecity

Australian gaming operator PointsBet confirmed that the business is “currently in discussion with multiple parties” regarding the sale of its North American business.

The company also said that it has terminated previously reported talks to sell its Australian business to the News Corp-backed gaming venture behind the Betr brand. Despite this, PointsBet said it remains in discussion with “other third parties” who have expressed interest in acquiring the business.

“Consistent with commentary previously provided to our investors and the market more generally, PointsBet continues to engage in discussions regarding strategic transactions that offer the potential to add value for our shareholders,” said the company.

pointsbet also confirmed that it had terminated the talks to sell its Australian business to a news Corp-backed venture

Losses mount despite revenue growth

For the three-month period ending 31 March, the business recorded gross gaming revenue of AU$106.6m (£56.4m/€63.9m/US..

Category: Sports Betting News