Betting News Archives

May 23, 2023

MA regulator “frustrated” by DraftKings betting violations

Commissioners from state gambling regulator, the Massachusetts Gaming Commission (MGC), said they were “frustrated” by DraftKings' betting violations.

DraftKings reported itself to the Commission after discovering it had offered bets on the tennis UTR pro-series, which is not an approved betting event in the state.

The MGC’s Investigations and Enforcement Bureau (IEB) looked into the case. The wagering took place over a 12-day period from 10 March to 22 March.

During this time, players placed 864 bets on three events for a total handle of $7,867. DraftKings said the reason the error took place was because of a “miscommunication” between its trading and trading compliance teams.

The fault occurred after the operator copied a list of tennis offerings from a different jurisdiction without verifying if the event was approved in Massachusetts.

After discovering the issue, the DraftKings returned stakes to the players who had placed a bet, as well as removed any winnings and return..

May 23, 2023

Inspired extends virtual sports deal with Paddy Power

Inspired has signed an agreement to extend its existing virtual sports provider contract with Flutter-owned Paddy Power.

The extension will allow Inspired to continue providing Paddy Power’s retail venues across the UK and Ireland with its products.

“We are thrilled to extend our partnership with Paddy Power in supporting their retail venues across the UK and Ireland, as we have done for the past 12 years,” said Brooks Pierce, president and chief executive officer of Inspired. “We will continue to provide Paddy Power with our latest products and technology giving them the advantage of our leading content for their virtual sports offerings.”

Vince Bateson, head of retail gaming at Paddy Power, said the deal would allow Paddy Power to continue offering quality virtual sports products.

“We are pleased to extend our relationship with Inspired for virtual sports products in all our retail betting shops in the UK and Ireland,” said Bateson. “Our customers enjoy virtual products and our o..

May 23, 2023

Underdog pens North America deal with GeoComply

Fantasy sports operator Underdog has selected fraud prevention solutions provider GeoComply as its geolocation supplier for North America.

Previously, Xpoint served as Underdog’s geolocation provider.

Under the terms of the deal, Underdog will access GeoComply’s Core suite and Solus product for its fantasy sports offering, as well as its planned sports betting operations.

GeoComply’s Core product is the supplier’s flagship geolocation service. Customers who have the licence to operate this product can also access the business’ range of fraud prevention tools to protect their operations from bonus abuse, identity theft and chargeback fraud.

The business’ Solus solution is a fantasy sports geolocation solution for web-based players. The system runs on HTML5 browsers, removing the need for players to download additional apps or plug-ins.

GeoComply praise deal

GeoComply vice-president of business development and licensing, Sam Basile, said the business was “thrilled” to be working wi..

May 22, 2023

NH sports betting revenue up in April despite handle drop

The New Hampshire Lottery reported year-on-year and month-on-month increases in sports betting revenue despite a drop in handle.

Players spent $65.1m during the month, down 10.9% from $73.1m in April 2022 and 37.0% lower than the record $103.4m bet in March this year.

Online spend for April reached $56.8m, while a further $8.3m was bet at retail sportsbooks.

In contrast, revenue from sports wagering in April amounted to $6.7m. This was up 97.1% on 2022 and 39.6% more than in March.

Internet betting accounted for $6.1m of monthly revenue, with retail betting at $586,755.

Read the full story on iGB North America

May 19, 2023

SIS and MST partner to bring Italian Gallop Derby to UK & Ireland

Sports Information Services (SIS) has agreed to a partnership with Media System Technologies (MST), which will see it broadcast the 140th Italian Gallop Derby to operators in the UK and Ireland.

This will be the first time that operators in both regions will be able to accept fixed-odds wagers on the event.

Bettors will be able to wager on the Italian Gallop Derby’s nine races, including three group contests – the Italian Gallop Derby, the President of the Republic Grand Prix and the Carlo D’Alessio Grand Prix.

“The Italian Derby is one of the premier contests in Europe, and we are delighted to bring the 140th renewal to bettors in the UK and Ireland and around the world through our partnership with Media System Technologies,” said Conall McSorley, head of international horse racing at SIS. “With a rich history, the race resonates with racing fans in Italy and globally.

“We are sure that the increased global audience will enjoy the high-quality action from Italy’s most valuable rac..

May 19, 2023

Novibet pens deal with Irish Guineas Festival

Novibet has signed a deal to become the official betting partner of the 2023 Tattersalls Irish Guineas Festival at The Curragh Racecourse in Ireland.

The GameTech operator will be the named sponsor of six races across three days including the Novibet Emerald Mile and the Novibet Guineas Festival Premier Handicap.

“We are delighted to be named as the Official Betting Partner of this year’s Irish Guineas Festival in what is the biggest horse racing sponsorship we’ve been involved with so far,” said Novibet’s Ireland country manager Karl Riley.

“The Irish Guineas is a meeting which is one of the biggest in Irish flat racing and we are very excited to be increasing our presence in this area.”

The deal follows the business’ recent news that it is to sponsor Brazilian football team Fortaleza Esporte Clube.

Racing and sponsorship manager at the Curragh, Evan Arkwright, added: “We are very excited that Novibet has selected the Curragh to launch their biggest horse racing partnership to da..

May 19, 2023

Genius Sports and CFL launch CFL Live Stats

Genius Sports and the Canadian Football League (CFL) have launched a new data collection system, CFL LiveStats.

The system will deliver to-the-minute updates on every CFL game throughout the preseason, which will feed into live betting solutions, augmented broadcasts and CFL’s Game Zone platform.

CFL LiveStats will also provide post-game statistics, and will allow data related to betting, teams and players to be shared for all CFL contests.

Read the full story on iGB North America

May 19, 2023

DC sports betting revenue and handle down in April

Sports wagering revenue and handle in Washington DC both declined year-on-year in April, while the market also experienced a month-on-month drop.

Players spent $14.5m betting on sports during the month, down 21.2% from $18.4m in April 2022 and also 19.9% lower than the $18.1m wagered in March this year.

Turning to gross gaming revenue and this reached $1.3m, down 7.1% year-on-year and a drop of 43.4% from April’s total.

Breaking down performance by operator, Gambet, run by the DC Lottery and powered by Intralot, moved back into top spot with $626,273 in revenue from a $5.7m handle.

Caesars Entertainment placed second with $524,245 in revenue from $4.6m in total wagers. BetMGM followed with $138,784 in revenue from $2.5m in bets.

Read the full story on iGB North America

May 19, 2023

BetVictor scores partnership with CEBL

Online gambling operator BetVictor has entered into a partnership with the Canadian Elite Basketball League (CEBL), the top tier of basketball in the country.

Under the deal, BetVictor will serve as the league’s official sports betting partner for the 2023 campaign.

The agreement will cover activities and campaigns across the CEBL’s broadcasts and media platforms throughout the season.

BetVictor is licensed in Ontario, having secured approval from the Alcohol and Gaming Commission of Ontario (AGCO) in June 2022.

“This partnership with BetVictor will not only offer cutting-edge online gaming experience to users but also an increased awareness of the CEBL brand globally,” CEBL co-founder and chief executive Mike Morreale said.

Read the full story on iGB North America

May 19, 2023

Lithuania gambling revenue jumps 26.1% in Q1

Gambling revenue in Lithuania increased 26.1% year-on-year during the first quarter, with growth across both the online and land-based segments.

Total revenue in Lithuania during the three months to 31 March amounted to €55.3m (£48.0m/$59.7m), up from €43.9m in the same period last year.

Some €36.6m came from online gambling, a 36.0% year-on-year rise. The majority of this came from Category A online slots, with these games generating €23.1m in revenue from €306.8m in player bets.

A further €979,987 came from Category B slots after consumers spent €6.3m betting.

Lithuania’s remote sports betting revenue reached €9.6m, after players wagered €151.2m, while online table games activity resulted in €2.9m in revenue from €31.3m in spend for the quarter.

Turning to land-based gambling and revenue was 10.0% higher at €18.7m. Category B slot machines were the primary source of revenue, generating €8.0m in revenue after players bet €50.7m.

Category A slot machine revenue reached €3.8m from..

May 19, 2023

Soft2Bet lands betting and casino licences in Greece

Software solutions provider Soft2Bet has secured betting events and casino games remote gaming licences in Greece.

Issued by the Hellenic Gaming Commission’s Gaming Supervision and Control Commission (EEEP), the licences will enable Soft2Bet to roll out its online betting and casino products in the country.

The Greek licences follow recent approvals in Ireland, Denmark and Sweden, and form part of the provider’s wider growth plans in Europe.

Soft2Bet also said the approvals support its ongoing focus of operating in more regulated markets around the world.

“The issuance of our betting events and casino games remote gaming licences in Greece is a terrific step forward for us,” Soft2Bet’s group general counsel, David Yatom, said. “We view this as a springboard for further growth and are excited to pursue additional licence opportunities in the near future.

“Soft2Bet remains focused on and committed to expanding its operation and bringing our exceptional gaming experience to even fur..

May 18, 2023

The Gaming Society launches second WNBA prediction game

Women’s sports betting platform Gaming Society has released its second annual free-to-play predictor game in partnership with the Women’s National Basketball Association (WNBA).

The W Prediction Game Presented by Gaming Society was released today (18 May), ahead of the 2023 WNBA season.

The game will allow fans to make predictions on WNBA match-ups throughout the 2023 season, utilising the Weekly Pick ‘Em and Live Gamification prediction games.

Read the full story on iGB North America

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