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Ontario reinstates UFC betting
January 20, 2023

Ontario reinstates UFC betting

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The Alcohol and Gaming Commission of Ontario (AGCO) announced that licensed sports betting operators in the Canadian province can resume processing wagers on Ultimate Fighting Championship (UFC) events with immediate effect.

Last month, the AGCO ordered all operators to stop taking bets on the UFC due to integrity concerns amid reports of suspicious betting patterns in other jurisdictions.

Since this announcement, the AGCO has been actively engaged with regulated entities and stakeholders as they worked to address the issues. This in turn led to the UFC updating its own policies and procedures.

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Inspired Entertainment promotes Pierce to CEO 
January 19, 2023

Inspired Entertainment promotes Pierce to CEO 

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Inspired Entertainment has promoted its current president and chief operating officer Brooks H Pierce to the role of chief executive.

Pierce succeeds former CEO, A Lorne Weil, who has subsequently been promoted to executive chair of the supplier’s board.

Besides his CEO duties, Pierce will also continue in his role as chief operating officer and have additional oversight on company strategy.

As part of the promotion, Pierce’s terms of employment have been extended to 31 December 2026. His base salary has increased to $585,000 with a bonus eligibility of up to 110% of his annual salary, meaning he could earn up to $1.2m depending on performance.

Alongside Pierce’s promotion, executive chairman Weil’s terms of employment have been extended to 31 December 2027.

Weil’s updated terms of employment include a salary increase to $800,000 per annum, and an 80,000 yearly limit on shares.

The business said the leadership changes were part of a wider plan to streamline strategic oversi..

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Kambi to pursue efficiencies as it aims for €150m profit goal
January 19, 2023

Kambi to pursue efficiencies as it aims for €150m profit goal

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Kambi expects to pursue a more personnel-light strategy within its trading department by 2027 as it pivots to an algorithm-led approach in order to hit an ambitious long-term operating profit target.

Kambi this morning revealed a €150m (£130.9m/$161.9m) earnings before interest and tax (EBIT) target for 2027 and, in a capital markets day, executives outlined how the business intends to reach that figure.

The business also revealed that it expected revenue in 2027 to be between two and three times the size of its 2022 revenue. As the relative growth in EBIT would be larger than the relative growth in revenue, this suggested that Kambi hopes to increase its profit margins as it expands.

Now, the supplier has provided more detail of this, with a pivot towards more algorithmic trading helping to drive the projected increase in efficiency.

Kambi embracing algorithmic trading

Kambi deputy chief executive Erik Lögdberg described this pivot as “third-generation sports betting”. He said th..

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Bet365 named official betting partner of Eubank Jr-Smith fight
January 18, 2023

Bet365 named official betting partner of Eubank Jr-Smith fight

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Bet365 has been announced as the official betting partner of the Chris Eubank Jr vs Liam Smith fight on 21 January 2023.

The online sportsbook operator has entered into a partnership with Boxxer, the boxing company promoting the fight.

As the official odds partner, Bet365 branding will be visible across all pre-promotion and media activity including press conferences, open workouts and weigh-ins. The company’s logo will also have 360-degree advertising on the ring corners, ropes and toblerones at the event.

There will also be Bet365 branding on the venue’s screens, banners and boards.

Bet365 will be featured heavily on Boxxer’s social and digital content, with the operator providing exclusive in-play optimisations to the boxing promoter.

A spokesperson for Bet365 said: “Live on Sky Sports and brought to you by our partners at Boxxer, we’re thrilled to be part of this huge night of British boxing.

“It’s going to be an explosive night on 21 January, and Bet365 has you covered with ..

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Tipico toasts new partnership with Ohio brewery
January 18, 2023

Tipico toasts new partnership with Ohio brewery

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Sportsbook operator Tipico has entered into an exclusive partnership with the Rhinegeist Brewery in Cincinnati, Ohio.

Under the arrangement, the operator and the brewery will develop a new “Tipico Sports Deck” in the Rhinegeist Taproom, offering a special experience to sports fans in Cincinnati.

Due for completion early this year, the Tipico Sports Deck will feature nine televisions for watching sporting events, as well as a series of sports-themed activations and deck-style seating for visitors.

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World Series of Politics Episode 11: GeoComply’s Linsday Slader on Ohio
January 17, 2023

World Series of Politics Episode 11: GeoComply’s Linsday Slader on Ohio

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The special guests keep coming on the World Series of Politics, with GeoComply’s Linsday Slader joining Brendan Bussmann and Brandt Iden to discuss Ohio’s sports betting launch. Also under discussion are Brazil, Macau and the US legislative session.

The geolocation specialist’s managing director of gaming says Ohio’s sports betting launch was one of the biggest market openings in the US to date.

Over the New Year weekend alone, GeoComply recorded more than 11.3 million geolocation transactions, and Slader says around 1.2 million accounts were set up in the first week of activity.

This episode also marks the World Series of Politics’ debut on Spotify! You can also listen on Apple Podcasts, and directly from this page.

Ohio betting flies out the blocks

There’s also a wider range of betting options than ever before, with 1,000 kiosks rolled out across Ohio, and it’s going to be interesting to see how this works in tandem with a widespread mobile offering. If it keeps up its early ..

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PointsBet opens new retail sportsbook in Illinois
January 16, 2023

PointsBet opens new retail sportsbook in Illinois

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Sports betting operator PointsBet has extended its reach in Illinois with the launch of a new retail sportsbook in the Villa Park area of Chicago.

Located inside the Crazy Pour Sports Bar at Club Hawthorne, the facility is PointsBet’s fourth retail location in the state and will be operated through its partnership with Hawthorne Race Course.

Customers can place cash wagers directly with cashiers at three betting windows or at eight self-service kiosks, while visitors will also have access to Crazy Pour’s full-service beverage and dining options.

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Delaware sports betting and igaming revenue increase in December
January 16, 2023

Delaware sports betting and igaming revenue increase in December

Bookiecity

The Delaware Lottery reported year-on-year increases in both sports betting and igaming revenue in December.

Online gambling revenue during the month amounted to $1.2m, up 56.4% from $751,291 in December of 2021 and also 19.0% up from $987,423 in November 2022.

Some $890,894 of revenue in December was attributed to video lottery games, $243,899 to table games and the remaining $80,007 to poker rake and fees.

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Jake Paul’s Betr launches real money offering in Ohio
January 13, 2023

Jake Paul’s Betr launches real money offering in Ohio

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Influencer Jake Paul’s microbetting start-up Betr will now begin accepting real-money deposits and withdrawals in Ohio, after a “soft launch” on 1 January.

In August 2022, Paul – alongside SimpleBet founder and CEO Joey Levy – launched Betr, a microbetting offering, designed at allowing players to place bets on fast-resolving markets. Paul is president of Betr, while Levy acts as CEO.

This was followed by the September launch of Betr’s mobile app, which nationwide launched on a free-to-play basis ahead of a real money offering.

The application has a reworked interface that simplifies betting UI by presenting the bet as a multiple choice question, as well as displaying odds as payout multiples.

betr allows users to place same game parlays on sports games

Betr entered Ohio through a 10-year market access agreement with Hall of Fame Resort & Entertainment Company.

State-by-state expansion

Levy said he was “thrilled” to be launching Betr’s real-money betting business in Ohio. “Thi..

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