April 2023 - Page 2 of 4

April 20, 2023

Kindred enters Washington State with Swinomish Tribe

Kindred Group has expanded into the Washington State market by launching the first phase of its partnership with the Swinomish Tribe.

Under the agreement, Kindred will roll out a retail operation at the Swinomish Casino & Lodge, in line with a wider, six-year deal announced in October last year.

The first phase of the sportsbook launch covers Unibet branded kiosks and over-the-counter sports betting, with further developments to include a Unibet sports betting lounge, due to launch later this year.

Read the full story on iGB North America

April 20, 2023

Record igaming revenue drives growth in Michigan in March

Gross online gambling revenue from commercial and tribal operators in Michigan jumped 33.4% year-on-year in March, helped by record monthly igaming revenue.

Gross receipts for the month from igaming and online sports betting reached $216.4m, up from $162.2m in March 2022 and $170.8m in February of this year.

Of this total, $171.8m came from online casino, a new record for the state surpassing the previous monthly high of $153.7m that was set in January 2023.

Read the full story on iGB North America

April 20, 2023

FDJ revenue ticks up across the board in Q1

French national lottery operator Française des Jeux (FDJ) reported revenue of €662m (£583.9m/$726.5m) for the first quarter of 2023, ended 31 March.

This was up by 8% compared to FDJ‘s performance in Q1 2021.

On a pro forma basis for 2022 – which included revenue from FDJ’s point of sales segment Aleda and payment service L’Addition – the revenue was up by 5.3% comparably.

Lottery revenue for the quarter was 6.4% higher than in Q1 2022, at €497m, while sports betting revenue grew slightly by 0.2%, remaining fairly level at €129m.

A total of €5.49bn was wagered with the operator during the quarter, a rise of 8.6%. Digital stakes made up €698m of the total.

From points of sale, revenue hit €4.79bn, a rise of 6.9%.

“The first quarter of 2023 was marked by the continued good financial and extra-financial performance of the FDJ group,” said Stéphane Pallez, chair and CEO of FDJ. “Our turnover is up by more than 5%, driven both by our network of 30,000 points of sale and by the good m..

April 20, 2023

Betr brings on the Cavinder twins as equity partners

Beter has agreed an exclusive media partnership for the Cavinder twins to join the business as content creators, creative directors and equity partners.

The Cavinder twins, Hanna and Haley, are former NCAA basketball players who have built a large social media following. In an exclusive deal, they will bring their Twin Talk podcast, which originally launched on iHeartRadio, to Betr Media.

Betr said that this partnership will expand on-camera content and female-focused sports content for the company.

In addition to their own podcast, the Cavinder twins will make regular appearances on BS w/ Jake Paul and other Betr Media content across multiple platforms.

Founder and CEO of Betr, Joey Levy, says he is thrilled to welcome the Cavinder twins to the company. He said: “They have already accomplished so much and are just scratching the surface of their potential.”

The Cavinder twins said the partnership offers growth potential to their brand.

“Betr gives us the ability to accelera..

April 19, 2023

MA online sports betting handle hits $548.1m in first three weeks

Players wagered a total of $548.1m during the opening three weeks of legal online sports betting in Massachusetts, while licensed operators generated $46.7m in revenue.

The US state opened its regulated market on 10 March, with the inaugural online wagering report published this week by the Massachusetts Gaming Commission (MGC) covering the three-week period from this date, through to 31 March.

DraftKings proved the most popular operator among consumers, drawing $257.6m in bets in the opening weeks, ahead of FanDuel on $181.1m and BetMGM with $45.3m.

To read the full story visit iGB North America

April 19, 2023

Pennsylvania gambling revenue exceeds $500m for the first time in March

Pennsylvania set a new record in March after monthly gambling revenue surpassed $500.0m for the first time, while igaming revenue also reached an all-time high.

Revenue for the month reached $515.3m, up 11.4% from $462.7m in March 2022 and also 12.8% ahead of $456.8m in February of this year.

Retail slots accounted for almost half of all gambling revenue for March, with the $225.4m generated during the month being 5.0% ahead of the previous year. However, revenue from retail table games slipped 8.9% to $85.9m.

To read the full story visit iGB North America

April 18, 2023

Kindred approved to launch proprietary platform in New Jersey

Kindred Group has secured final approval from the New Jersey's Division of Gaming Enforcement to launch its proprietary gaming platform in the US state.

The roll-out, Kindred said, would improve flexibility and performance through a richer set of analytics and data, as well as give Unibet customers in New Jersey an enhanced experience where products and content can be better tailored.

Kindred added that the new platform would cater for its wider, safer gambling approach in accordance with local needs and requirements.

To read the full story visit iGB North America

April 17, 2023

Penn launches military scholarship at Penn State Berks

US-based gaming operator Penn Entertainment announced it is creating a military scholarship at the commonwealth campus of Penn State University, Penn States Berks.

The scholarship will be endowed through a multi-year $50,000 spend, which the company frames as supporting the Berks County community where Penn’s corporate headquarters are located. The business said that the initiative was part of Penn’s ongoing commitment to support veterans and active-duty military.

The scholarship will be available to veterans, activity duty reservists or National Guard members with a “demonstrated financial need”. At present, close to 50 student veterans are enrolled at the campus.

“We are thrilled to partner with Penn State Berks on the creation of this scholarship, which further strengthens our support for the military and our local community,” said Penn”s senior vice-president of public affairs, Eric Schippers. “Penn is passionate about honouring and empowering our nation’s heroes and this schola..

April 14, 2023

Bet365 to debut ultra-low latency streaming service

Bet365 is set to launch iGameMedia and THEO Technologies’ optimised sports streaming service next month.

Sports broadcaster iGameMedia and THEO – which has developed High Efficiency Streaming Protocol (HESP) – will deliver ultra-low latency sports streaming to the sportsbook market as standard, phasing out HTTP Live Streaming (HLS). The two have combined with rights agency partner Infront Bettor and will deliver the service through the iGame One Platform from May 2023.

The platform is a single API that is integrated with all leading sports rights holders which maps multiple vendor event IDs into one singular ID in One integration. The service will be delivered with a fixed latency of two seconds from source – compared to the 7-8 seconds that is standard from HLS – aligning the data and the video for an enhanced user experience.

A Bet365 spokesperson said: “We’re thrilled that in collaboration with our partners at iGameMedia, we can continue to provide the best in-play customer exper..

April 14, 2023

Tonybet seals multi-year Canadian Premier League partnership

The Canadian Premier League (CPL) has announced that Tonybet will be its official sports betting and online casino partner.

The multi-year partnership makes Tonybet the presenting partner of CPL’s Match of the Week broadcast on OneSoccer.

Mark Noonan, the commissioner of the CPL, expressed his excitement at signing up Tonybet as a sponsor.

“We look forward to working with them on experiences that engage our fans and enhance what it means to be a supporter of the CPL and Canadian soccer in general,” he said.

Additionally, the company will become the presenting partner of the CPL’s Predictor contest.

Alex Haig, country manager for Canada at Tonybet, added that the company is “delighted to get behind the CPL and to take our brand to a growing and passionate fan base”.

He added: “With the CPL being one of the fastest-growing leagues in Canada, Tonybet is excited to build and enhance the fan experience.”

The exact length of the multi-year deal has not been disclosed.

April 14, 2023

Episode 15: A win in Kentucky, plus Texas, North Carolina and more

Last week the World Series of Politics asked where all the regulatory wins were in the 2023 legislative session, and, around a day after it went live, Kentucky sports betting was signed into law.

As Brendan Bussmann says, gaming tends to be the last issue for lawmakers to consider in the session and this year is no different. Earlier in the session Kentucky looked like a “sleeper state”, Brandt Iden says, making it a great win for the session.

Kentucky sports betting’s passage was “a classic case of bipartisanship”, he adds, with the governor, Republicans and Democrats coming together to make it happen.

Missouri and North Carolina sports betting set for photo finish?

Next up is North Carolina, a state with tribal sports betting already live, where a bill to expand the market is working its way through the legislature.

Brendan is increasingly bullish on the Tar Heel State. He says attitudes on gaming are changing as more southern states look at legislation, with more efforts to..

April 14, 2023

Not such a special one: The Premier League shirt “ban”

Following news of the Premier League gambling sponsorship ban, Jon Bruford queries whether this is at best belated and at worst ineffective.

In an unsurprising move, the English Premier League has collectively agreed to remove gambling sponsorship from the front of clubs’ match day shirts.

For those not interested in sports, this is football (soccer) and the Premier League is one of the most watched professional leagues of any sport, anywhere in the world.

This will certainly be met with smiles by most of the industry’s critics but, let’s face it, this is a largely pointless move made by the league so they don’t lose all the revenue from gambling. It’s placatory at best, pointless at worst. Why?

That’s a great question and one I’m glad you asked. But where do we begin?

The gambling industry – and its critics – has recognised that advertising around sport is potentially a problem for quite a while. Even those industry guardians the Betting and Gaming Council (BGC) have stood astr..

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Monthly Archives: April 2023