Sports betting Archives - Page 45 of 60

SIS appoints new heads for racing trading and esports

Live betting services provider Sports Information Services (SIS) has appointed Adam Conway as head of competitive gaming and Aiden Tracey as head of racing trading.

Conway moves into his new role having previously served as head of racing trading at SIS and will oversee the full operation of the esports-focused SIS Competitive Gaming division.

SIS said the business unit has been built specifically for sportsbooks, allowing bettors to watch and bet on live broadcasts of head-to-head events between gamers on esports titles such as CS:GO, as well as Ebasketball and Esoccer.

Tracey, who previously served as racing trading manager for SIS, will replace Conway. His new remit will be to continue the development of SIS’ trading offering, while also overseeing risk management for operators of all sizes.

Tracey has been with SIS for five years, starting out as lead horse racing trader. Prior to this, he spent eight years with Sporting Index.

“These new appointments serve to further strengt..

May 31, 2022

Genius Sports appoints former UK Minister to advisory role

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Genius Sports has appointed former UK Minister for Sport and the London Olympics Sir Hugh Robertson as advisor to the company.

In his role, which he begins with immediate effect, Robertson will work with Genius Sports’ business advisory council, helping to identify strategic development opportunities and utilise his previous experience.

Before his new appointment, Robertson took on the role of Minister of Sport and the London Olympics in 2010. Following this he became Minister of State in the Foreign and Commonwealth Office, where he was responsible for the Middle East, North Africa and counter-terrorism.

Robertson left politics in 2015 and is currently chairman of National Lottery operator Camelot and the British Olympic Association.

“I am delighted to be taking on this new role at Genius Sports and look forward to working with the management team to build a company that is at the forefront of sports data and technology,” he said. “Now more than ever, the capture, analysis and co..

May 30, 2022

Codere Online debuts first Buenos Aires ad campaign

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Codere Online has launched its first marketing campaign in the City of Buenos Aires after obtaining a licence to offer its services in Argentina’s capital city.

The group has developed its “The next big move is yours” campaign to promote its online gaming, sports betting and online casino services.

Developed by the Italia agency, the campaign will broadcast six spots related to its offering via television and social networks. The campaign begins this month and will continue throughout the year.

Codere said the ads recreate different everyday situations, such as at a bus stop, where players share the excitement of playing games.

Alberto Telias, chief marketing officer of Codere Online, said: “With the launch of this campaign, we continue to strengthen the Codere brand in the region and develop content, experiences and products that, together with the main soccer teams, bring us closer to the local customer.”

Codere Online began operating in the City of Buenos Aires in December 2021..

May 27, 2022

Kenya Finance Committee throws out government’s tax hike plan

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The Finance and National Planning Committee of Kenya’s National Assembly published its updated version of the country’s Finance Bill, following a period of public input on the Treasury’s version of the bill.

In the committee’s version of the bill, the excise tax on betting stakes would remain at 7.5%, while no new tax would be brought in for gambling advertising.

Both of these were amendments from the Treasury’s version of the bill, which proposed a 20% excise tax on betting stakes, plus a 15% tax on gambling advertising spend.

The committee argued that this was not wise, however, as the current 7.5% rate has been in place for less than one year, so there has not been enough time to judge if it has been a success.

“The committee observed that excise duty on gaming activities had been increased in the Finance Act, 2021 and there is therefore need to give the sector time before taxes are increased,” the committee said. “The committee therefore recommends that the amendment be deleted..

May 27, 2022

Betsson named as AC Milan’s official regional partner for LatAm

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Online sportsbook and casino operator Betsson has been named as the official regional partner of AC Milan in Latin America.

The agreement will see Betsson gain exclusive rights to use AC Milan’s intellectual property across LatAm.

Andrea Rossi, commercial director for South America at Betsson Group, said: “The exclusive partnership with AC Milan in LatAm strengthens our expansion drive in the region and allows us to broaden our content offering and collaborate with an innovation-oriented club.

“Our shared goal is to offer a more modern and engaging storytelling of sports, creating high-quality entertainment for the Rossoneri (AC Milan) fans in South America.”

The operator has been expanding across LatAm for the past few years, creating a presence in Brazil, Argentina, Columbia, Peru and Mexico.

The partnership also includes a full editorial calendar, which will engage directly with LatAm fans. It will also see Bettson gain exclusive brand visibility on the AC Milan stadium perimet..

May 26, 2022

NH sports betting handle up 57.5% to $73.1m in April

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Consumers in New Hampshire wagered $73.1m (£58.2m/€68.4m) on sports during April, up 57.5% year-on-year, while revenue in the US state also edged up.

Player spending was comfortably ahead of the $46.4m that was bet in the same month last year, but 7.2% lower than the $78.8m wagered during March 2022.

DraftKings’ mobile app accounted for the majority of wagers, with a total of $60.5m bet in April, while the remaining $12.7m was spent at DraftKings-branded retail sportsbooks in Seabrook, Manchester and Dover.

In terms of revenue, this reached $3.4m for the month, which was marginally higher than $3.3m in April of 2021 but 37.7% below $5.3m in March this year.

Some $2.9m of all revenue generated in April came from mobile wagering, while $583,767 was attributed to retail betting.

The New Hampshire Lottery also revealed that the state was able to generate $1.5m in tax from sports betting during the month.

Looking at the financial year to date, player spending for the 10 months to the ..

May 26, 2022

888 launches Sports Illustrated sportsbook in Virginia

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888 has launched its Sports Illustrated online sportsbook in Virginia, following its initial roll-out in Colorado last year.

Consumers in Virginia will now be able to access the SI Sportsbook and place bets on a wide range of sports competitions including the National Football League, National Basketball Association, Major League Baseball, National Hockey League and NASCAR.

To support the launch, 888 partnered with Virtual Entertainment Partners (VEP), a Virginia-based small, woman-owned, and minority-owned (SWaM) certified company with 100% African American female ownership.

In collaboration with VEP, 888 committed to making contributions to communities across Virginia, specifically minority communities, to drive meaningful value, opportunity, and diversity for consumers in the state.

888 first launched the SI Sportsbook in Colorado in September last year and plans to roll out the platform in other states in the coming months.

This came after the operator entered a commercial p..

May 24, 2022

Fanatics files trademark application for BetFanatics

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US sports apparel supplier Fanatics has filed a trademark application for the brand name BetFanatics.

In two trademarks filed to the US Patent and Trademark Office, BetFanatics is listed as a “downloadable mobile application for betting and gaming”, as well as for use in fantasy sports leagues and for providing previews, alerts, replays, video clips of sporting competitions, and webcam feeds of sports.

The trademark also applies to casino facilities and online gaming, including free-to-play gaming.

This follows prior filings for Fanatics Casino and Fanatics Sportsbook, both filed in October.

Fanatics Sportsbook was given the same description as BetFanatics.

Fanatics casino, meanwhile, is listed as “a website for online gambling” as well as “betting and gambling services and information services relating thereto”.

Logos were also provided for BetFanatics and Fanatics Casino, both simply made up of the brand name in a serif font.

The news follows reports – which were later quashed..

May 23, 2022

Córdoba opens tender process for 10 online gambling licences

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Córdoba, Argentina’s second most-populous province, has opened its tender process for 10 online gambling licences.

Participants will bid for one of 10 online gambling licences on offer, with each lasting 15 years.

All bidders must provide their “legal documentation, legal capacity [and] history of technical and economic/financial capacity” to operate online gaming, as well as their offer for a licence fee.

Operators will have until 5 July to submit bids, with plans for licences to come into effect from 14 September.

The licence will allow an operator to offer online casino games and betting on sports, horse racing and certain non-sporting events. Each vertical will be subject to a 10% gross gaming revenue tax rate.

Córdoba – which is home to 3.3 million people – passed a bill to legalise online gambling in January, after it was introduced at the end of 2021. The original version of the bill only allowed for five licences, before this was expanded to 10.

Argentina allows for gamb..

May 23, 2022

Crypto wagering: The forces driving growth

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iGB brings readers a new column, from Tom Waterhouse of WaterhouseVC. In this first instalment, he analyses the businesses that will drive growth and adoption in cryptocurrency wagering.

The growth of crypto wagering and Web 3.0 are turning traditional wagering on its head.

The entire real-world wagering ecosystem is being rebuilt in virtual worlds like Decentraland, presenting opportunities and risks to established operators.

In Decentraland, players must first purchase or transfer cryptocurrency (MANA or DAI) tokens to their Decentral Games wallet, which they can stake on certain games.

Online crypto operators, which have a similar UX to online fiat operators like FanDuel and DraftKings, are already recording extraordinary turnover.

Source: SoftSwiss

In Q3 2021, the total number of bets placed using cryptocurrency increased by 181% yoy, while the share of bets in crypto (43.3%) is fast approaching par with fiat (source: Softswiss).

Source: Softswiss

For example, crypto-fo..

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