July 18, 2022

July 18, 2022

Gambet is a “failed operation”, DC councilmember says

A council meeting in Washington DC has branded Gambet as a “failed operation” after the sports betting monopoly has failed to bring in its projected revenue.

At a meeting on July 13, DC council chairperson Kenyan McDuffie said that Gambet’s issues were present from the time of launch.

“Since its launch in 2020, DC’s sports wagering program has experienced repeated operational challenges,” said McDuffie. “The challenges directly contributed to delays in getting retail locations up and running, as well as the inability to generate a robust customer base for the district’s mobile app, Gambet DC.”

Read the full story on iGB North America.

July 18, 2022

High school Spire Institute among Ohio betting licence applicants

A number of new organisations have applied for Ohio sports betting licences, including Bet365 and Tipico as online providers, and high school Spire Institute – alongside a number of professional sports teams – for a proprietor licence.

Spire Institute is an Ohio sports-focused high school, with its athletic programs attracting top recruits including basketball star LaMelo Ball. The organisation also offers a general sporting development programs and operates sporting complexes on its grounds, outside of its presence as a high school.

Under Ohio’s sports betting laws, sporting organisations or land-based gaming venues may offer betting in the state, partnering with online operators for an online product.

It has partnered with Out the Gate, a startup sports betting operator that says it uses an in-house trading solution and plans to accept “all action” with lined that “lead the market on US sports”. Out the Gate is led by Christopher Kape and Robbie Manis, formerly of data provider Do..

July 18, 2022

Diversifying content in the live betting market

The concept of making betting content live and accessible has seeped into every aspect of the betting world, creating opportunities for operators to expand into esports, live casino games and more.

Conleth Byrne, product director at live content supplier Sports Information Services (SIS), speaks to iGB about how the company has assessed the live betting market- and where it could go to next.

In the live betting content market, standing out is key. Byrne sees diversification as the best way to set SIS apart from its competitors.

“We’ve made great progress over the last few years at continuing to diversify our business,” he says. “We have substantially grown our operator partner base internationally.”

At the core of this is SIS’ offerings- including its compact solutions, which focus on different forms of live betting content.

“It’s our 24/7 end-to-end solution that differentiates us,” says Byrne. “We can provide everything the operator needs and we have 24/7 market-leading raci..

July 18, 2022

Peru votes to legalise betting and igaming

Peru's Congress has voted to legalise online gambling and sports betting in the country, establishing a new regulated framework for the sectors.

The approval came on 15 July, after a parliamentary debate. A law to approve the verticals received 91 votes in favour, and zero opposing votes.

The new law will become the responsibility of the Ministry of Foreign Trade and Tourism of Peru (Mincetur), the country’s foreign trade body, which will also regulate its enactment in Peru.

The gaming tax will be set at 12% of each operator’s tax base – which is net income minus maintenance costs – and will be collected monthly.

Maintenance taxes will be 2% of an operator’s monthly income.

Sunat, Peru’s tax body, administers the tax.

Operators with the appropriate licence will be allowed to offer bonuses for online gaming, as long as the bonuses cannot be exchanged for money.

For sports betting, operators must display a warning message on all platforms, which reads, “excessive online sport..

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Daily Archives: July 18, 2022