Online sports betting Archives - Page 13 of 36

Bet365 is set to expand into Pennsylvania, having entered an online sports betting and igaming market access deal with Churchill Downs Incorporated (CDI) subsidiary Presque Isle Downs & Casino.

The agreement, CDI said, is consistent with its strategy to exit the online sports and casino business, with the operator seeking to monetise its online sports and igaming market access rights and focus on growing the TwinSpires online horse racing wagering business.

CDI revealed in February last year that it was to switch its approach to operations in the online casino sector but would retain retail sportsbook operations in its casinos.

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January 11, 2023

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Bet365 is set to expand into Pennsylvania, having entered an online sports betting and igaming market access deal with Churchill Downs Incorporated (CDI) subsidiary Presque Isle Downs & Casino.

CDI revealed in February last year that it was to switch its approach to operations in the online casino sector but would retain retail sportsbook operations in its casinos.

Read the full story on iGB North America

January 10, 2023

Bet365 to enter Pennsylvania with CDI deal

Sports Betting News Bookiecity

Bet365 is set to expand into Pennsylvania, having entered an online sports betting and igaming market access deal with Churchill Downs Incorporated (CDI) subsidiary Presque Isle Downs & Casino.

CDI revealed in February last year that it was to switch its approach to operations in the online casino sector but would retain retail sportsbook operations in its casinos.

Read the full story on iGB North America

January 9, 2023

Kambi and Rush Street Interactive extend sports betting deal

Sports Betting News Bookiecity

Kambi Group has signed an extension to its North America-facing partnership with online sports betting and casino operator and Rush Street Interactive (RSI).

Under the deal, Kambi will continue to provide its sportsbook engine to RSI in 15 states across the US, as well as in Canada, Colombia and Mexico.

Kambi initially partnered with RSI in 2018 following the repeal of the Professional and Amateur Sports Protection Act (PASPA) in the US and has supported the operator with its expansion across a range of markets.

Read the full story on iGB North America

January 6, 2023

Ohio fines BetMGM, Caesars, DraftKings $150k for ad violations

Sports Betting News Bookiecity

The Ohio Casino Control Commission (OCCC) announced it is seeking a $150,000 (£126,000/€143,000) fine each from BetMGM, Caesars and DraftKings for advertising violations.

According to the regulator, the three operators, or their affiliates, all ran sports betting ads on multiple platforms that were in violation of both Ohio law and administrative rules relating to advertising and promotions.

“The sports gaming industry has received multiple reminders of the rules and standards for advertising and promotions, yet continues to disregard Ohio law,” said OCCC executive director Matthew Schuler. “These repeated violations leave the Commission no choice but to pursue administrative action to bring operators into compliance. The Commission takes responsible gambling seriously – and expects the industry to value the same.”

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January 6, 2023

Kentucky bill for online betting, poker and fantasy introduced

Sports Betting News Bookiecity

A bill that would permit online sports, poker and paid fantasy competitions in Kentucky has been introduced in the State House in the current legislative session.

House Bill 106 was introduced on 5 January 2023 and sponsored by representatives Derrick Graham, Cherlynn Stevenson and Rachel Roberts.

If passed, the bill would add 26 amendments to the current law and enact 13 new sections related to online sports, poker and fantasy gambling.

The bill would enable sports betting to be provided by online operators as well as allowing racing tracks to partner with online brands.

A licensed track can only partner up with one online operator, which can provide systems for gambling both on track and online.

Tracks may also offer sportsbooks at two separate locations that it owns or leases within 60 miles of the racing grounds that are not attached to the land of the track.

Sports that would be allowed to be gambled on include the NFL, NBA, MLB, PGA, NASCAR, MLS, NCAA, NAIA and other nation..

January 5, 2023

Fanatics confirms Amelco will power its sportsbook

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Sports apparel giant Fanatics will use Amelco’s source code to power its sports betting product, the business announced in a Massachusetts licensing meeting.

Fanatics had long made its intentions to enter the world of sports betting known. The business was part of an application for a licence in New York back in 2021, while last year it created a betting and gaming arm and made a number of major hires within this division.

The business has also applied for a number of licences. Besides Massachusetts, it also received a retail betting licence in Maryland and is approved in Ohio.

Amelco source code for Fanatics

However, the technology it intended to use had remained unknown. Reports claimed that Fanatics would use Amelco’s source code as far back as April 2022, but at the time the operator said that there was no deal in place with the supplier.

Later reports alleged that Fanatics would acquire German sportsbook operator Tipico and use its platform, but Fanatics opted not to comment ..

December 21, 2022

2022 World Cup breaks betting records, thanks in part to US growth

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Betting across the 2022 Fifa World Cup increased by 13% from 2018’s tournament according to OpenBet, while GeoComply noted the final was surpassed only by the Super Bowl in the US.

OpenBet said its performance among European players broke a record, with an engagement level increase of 22%. Canada, a joint host for the 2026 World Cup, recorded a 21% increase for the same metric, also setting a record.

Canada will share hosting duties with the US and Mexico, where the tournament will return to being played over the summer. The Qatar World Cup was organised for November and December due to inhospitable temperatures in June and July.

In North America, OpenBet said World Cup betting was more than double the size of the men’s and women’s NCAA basketball tournaments.

It also found that more 12 million bets were placed on the US team during the World Cup, garnering more than $100m (£82.3m/€94.1m) in stakes.

“Alongside a strong performance in Europe, the growth we have seen in North Ameri..

December 15, 2022

Vermont report calls for legal betting, but no more than six licences

Sports Betting News Bookiecity

Vermont’s 2022 Sports Betting Committee has called for sports betting to be legalised in the state, but with limited licences issued by a request for proposals.

The committee report outlines what the implementation of sports betting could look like in Vermont, detailing reasons why sports betting could be beneficial for the state.

It contains six core recommendations, beginning with the implementation of a legalised, state-controlled sports betting market.

A state-controlled market would mean that the state of Vermont would control how many licences are given out. In the report, the Committee states that there should be “minimum of two but not more than six” operators permitted to offer sports betting in Vermont.

In terms of the bidding process for licences, the Committee recommends that it should “be structured to be similar to New Hampshire or New York,” two states notable for high tax rates.

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December 13, 2022

PointsBet nominates new non-executive director to board

Sports Betting News Bookiecity

PointsBet has nominated William Grounds to its board as an independent non-executive director, in line with its recent activity in the US market.

Grounds previously served as president and chief operating officer of Infinity World Development Corp, an affiliate of Dubai World. Here, he headed up the $7bn (£5.69bn/€6.64bn) investment in CityCenter Resort & Casino in Las Vegas with joint venture partner MGM Resorts International.

He also served as a non-executive director of MGM Resorts International between 2013 and 2021. In this time, the BetMGM venture with Entain was formed after the repeal of PASPA. MGM said this gave Grounds a deep understanding of the igaming market with experience in ongoing governance and oversight of strategy and execution.

He has also been licensed in a number of jurisdictions in the United States.

The appointment comes after the Australia-founded bookmaker expanded its operations in the US igaming market. The company intends to rapidly grow its already p..

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