Online sports betting Archives - Page 14 of 36

PointsBet nominates new non-executive director to board

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..

December 12, 2022

PMU aims to increase stakes by €1bn by 2025

Sports Betting News Bookiecity

French horse racing operator Pari-Mutuel Urbain (PMU) announced a three-year strategic vision to grow its annual stakes by €1bn and to increase its total number of customers to four million.

The business outlined a series of transformations for the company in the period including a “global approach” to PMU’s growth, the deployment of new technology and the development of marketing channels.

“By 2025, PMU will write a new page in its business plan,” said PMU managing director Emmanuelle Malecaze-Doublet. “Our objective of generating €1bn in additional stakes in 2025 and of having more than four million customers is ambitious and based on a collective spirit of conquest. During this period, PMU will develop its employer brand and its engagement policy to attract and retain talent.”

pmu aims to exceed four million total customers by 2025

Malecaze-Doublet elaborated on the specific loci within the business that would be a focus for transformation.

“The transformation of the company w..

December 12, 2022

Winning at wagering

Sports Betting News Bookiecity

In his latest betting investment column, Tom Waterhouse of Waterhouse VC looks at betting syndicates. While most are closed to external investment, he says that there are emerging syndicates that represent intriguing opportunities.

In the first century, Pliny the Elder wrote: “We are so much at the mercy of chance that chance is our god.”

Before the Renaissance, chance was associated with religion and fate rather than being a well studied area of science. During the Renaissance, mathematicians developed the field of probability, the foundation of risk management used by bookmakers and professional bettors.

Source: Pinnacle.

The syndicates

While professional betting is a rarely discussed and underinvested part of the wagering industry, it is hugely important and highly cash generative.

The world’s largest betting syndicates wager billions of dollars each year by exploiting a unique “edge” across sports and horse racing. Based on publicly available information, some of the larges..

December 9, 2022

Kambi scores sports betting deal with Puerto Rico’s LMG Gaming

Sports Betting News Bookiecity

Sports betting solutions provider Kambi Group has agreed to provide its sportsbook product to LMG Gaming (LMGG), an entity owned by Puerto Rican media business Liberman Media Group (LMG).

Under the deal, LMGG’s ApuestaPR betting brand will roll out the Kambi sportsbook initially on mobile, with plans to also launch retail sports betting through a network of outlets throughout Puerto Rico.

ApuestaPR will also make use of Kambi’s APIs and marketing tools, as well as utilise a range of marketing opportunities on LMG’s Teleonce television network.

Read the full story on iGB North America.

December 8, 2022

No ordinary Joe

Sports Betting News Bookiecity

If anyone can lay claim to having been in and among the events that have completely reshaped the global betting and gaming market in the four-and-a-half years since PASPA fell it is Joe Asher, writes Scott Longley. The former CEO at William Hill US now heads up sports betting at IGT and recently joined as shareholder and advisory board member at USAbility and is ready for the next challenges that will be thrown up in an expanding market.

In some senses, the decision by the US Supreme Court to bring down PASPA acted like a meteorite hitting the betting and gaming sector.

In that moment, in May 2018, everything changed and everyone involved in the global industry have been living with that transformed landscape ever since.

But for Joe Asher, at the time the chief executive of what was then still called William Hill US, the decision of the country’s top judges was very far from having just landed out of nowhere.

In the room where it happened

It was a ruling that had been signalled ..

December 8, 2022

Jade Entertainment to launch BetConstruct-powered Philippine sportsbook

Sports Betting News Bookiecity

Jade Entertainment and Gaming Technologies has partnered with BetConstruct to launch a new-look sportsbook in the Philippines.

The revamped sports betting offering will be available to players in the country online via Jadesportsbet.com, as well as at a network of Jade SportsBet retail locations.

Customers can place pre-match and in-play bets across a wide range of markets on events such as the National Basketball Association and the ongoing 2022 Fifa World Cup in Qatar.

The new launch marks sports betting solutions provider BetConstruct’s first foray into the Philippines market.

“We are thrilled to bring players the all-new Jade Sportsbook, which carries the largest and the most diversified collection of sports betting offers,” Jade’s founder and chief executive Joe Pisano said.

“We are excited about the new platform that our patrons will surely enjoy. We are delighted to be working with BetConstruct, which developed our innovative platform and is fully committed to creating the..

December 7, 2022

Ontario issues new online gambling licences

Sports Betting News Bookiecity

The Alcohol and Gaming Commission of Ontario (AGCO) has issued a series of new online gambling licences to operators, allowing them to launch in the Canadian province’s market.

Ligtip Limited secured a licence earlier this week, permitting it to roll out its Tonybet brand in Ontario via the Tonybet.ca website. The approval came after Tonybet was also issued a licence in the Netherlands last month.

Elsewhere, Delta iGaming INC was this week awarded a new licence for Delta Bingo and Gaming in the province, while Eclipse Entertainment Limited secured approval for its High Flyer Casino brand.

Read the full story on iGB North America.

December 2, 2022

PointsBet expands golf betting with IMG Arena integration

Sports Betting News Bookiecity

PointsBet has integrated IMG Arena’s Golf Event Centre into its sports betting app to offer a wider range of golf wagering options to customers.

The Golf Event Centre offers over 35,000 betting markets per tournament, with users now able to bet on events such as distance of the longest drive, total of putts on the next hole, next hole score, and closest to the pin.

To read the full article, visit iGB North America

December 2, 2022

GiG pens commercial partnership with News UK

Sports Betting News Bookiecity

Gaming Innovation Group (GiG) has entered into a new commercial partnership with media giant News Corp UK & Ireland.

Under the arrangement, GiG and News UK will jointly deliver sports betting, casino content and exclusive offers to consumers across the UK through News UK-owned brands The Sun and talkSPORT.

Content and offers will be featured on special sections of The Sun and talkSPORT’s websites.

GiG said it expects to go live almost immediately in order to take advantage of the 2022 Fifa World Cup, which is currently taking place in Qatar.

“A collaboration of this magnitude will allow us to provide added value to our partners in the sports betting and casino sphere, reaching new heights while showcasing our abilities to operate at a top-tier level,” GiG chief marketing officer Jonas Warrer said.

The sun’s director of betting and gaming, Tim Reynolds, added: “The partnership and new betting hub adds to The Sun’s growing digital portfolio and bolsters our suite of betting products..

December 1, 2022

Ontario orders halt to all UFC betting amid integrity concerns

Sports Betting News Bookiecity

The Alcohol and Gaming Commission of Ontario (AGCO) has ordered all operators in the province to stop taking bets on the Ultimate Fighting Championship (UFC) due to integrity concerns.

The Ontario regulator said that operators should stop offering any UFC betting with immediate effect.

Ontario – which launched its regulated betting and igaming market on 4 April of this year – has a number of rules intended to protect sporting integrity.

All events for which betting is permitted “must be effectively supervised by a sport governing body which must, at minimum, prescribe final rules and enforce codes of conduct that include prohibitions on betting by insiders”.

In addition, there must be “integrity safeguards in place which are sufficient to mitigate the risk of match-fixing, cheat-at-play, and other illicit activity that might influence the outcome of bet upon events”.

The UFC in October amended its rules and regulations to ban its fighters from betting on UFC events.

However, AGC..

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