Betting News Archives

January 23, 2023

Caesars enters sports betting partnership with Massachussetts’ Raynham Park

Caesars Entertainment has partnered with Massachusetts’ Raynham Park to open a retail sports betting facility there, pending approvals, after the racing centre ended its ties with Bet365.

Caesars will operate a 30,000sq ft retail location at a 13-acre site, with construction set to be completed during H2 2023.

The 60,000sq ft entertainment complex at the former greyhound racecourse, located just south of Boston, will also feature two restaurants, bars and private event space.

To read the full article visit iGB North America

January 23, 2023

Mississippi sports betting revenue reaches $11.3m in December

Sports betting revenue in Mississippi amounted to $11.3m in December, representing a significant month-on-month and year-on-year increase.

Revenue was 253.1% higher than $3.2m in December of 2021 and also 121.6% ahead of the $5.1m reported in November 2022.

In terms of handle, players in Mississippi spent $74.4m betting on sports during the month, up 31.0% from $56.8m in December 2021 and 1.1% higher than $74.4m in November 2022.

Read the full story on iGB North America

January 23, 2023

NH betting revenue and handle rise year-on-year in December

The New Hampshire Lottery reported a year-on-year increase in both sports wagering gross gaming revenue (GGR) and handle for December.

Players in the state spent $90.9m betting on sports in the month, up 5.2% from December of 2021 but a 2.4% drop from $93.1m in November of 2022.

Of this total, $65.9m was spent wagering on the DraftKings mobile sportsbook, while some $25.0m was bet at the operator’s three retail sportsbooks in New Hampshire.

Read the full story on iGB North America

January 23, 2023

Fanatics opens first retail sportsbook inside NFL stadium

The Fanatics Betting and Gaming arm of sports apparel giant Fanatics has become the first sports wagering operator to open a retail sportsbook inside a National Football League (NFL) stadium.

Located at FedExField in Maryland, the home of NFL team the Washington Commanders, the facility also marks Fanatics’ first venture into the sports betting market, as well as its entrance into the state of Maryland, with the Commanders as its market access partner.

The 5,000sq ft venue features eight betting windows, 21 self-service betting kiosks, two LED video walls, 38 TV monitors and a full-service restaurant. Customers will be able to place bets on a wide range of major sports events at the facility.

Read the full story on iGB North America

January 20, 2023

Genius Sports enters NFL data and betting deal with TSN+

Genius Sports has entered into a partnership with Canadian sports channel The Sports Network (TSN), wherein Genius will supply TSN’s streaming platform TSN+ with its proprietary data feed for NFL games.

Under the terms of the agreement, Genius will deliver its real-time overlays to TSN+ which will include graphics and visualisations as well as its Next Gen Stats (NGS) data.

Since April 2021, the sports data business has been the official data partner of the league – an agreement which was expanded to include streaming options for US operators in November 2022.

Read the full story on IGB North America

January 20, 2023

Ontario reinstates UFC betting

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.

Read the full story on iGB North America

January 20, 2023

IMG Arena pens streaming partnership with top Norwegian football divisions

IMG Arena has partnered with Norway’s top two football divisions, Eliteserien and OBOS-Ligaen, to secure their global betting streaming rights.

Both divisions feature 16 teams with matches played between April and November and fixtures generally on Sunday nights.

The long-term partnership will incorporate 485 matches across the two leagues and will help to build IMG’s global football portfolio.

“This deal with Norwegian football bolsters IMG Arena’s football offering with another first-class property that will help sports betting operators increase their engagement with players throughout the year, while also enabling new touch points during the week” said Mark Wrigley, senior director of rights at IMG Arena.

Knut Kristvang, CEO of Fotball Media added: “We are delighted to have secured this agreement with IMG Arena.

“It is a long-term partnership that allows us to strategically grow the profile of Eliteserien and OBOS-Ligaen and engage new audiences around the world.”

Last mo..

January 20, 2023

Louisiana sets online sports betting revenue record in December

Online sports betting revenue reached a record $30.5m in December, despite a month-on-month decline in consumer spending.

Revenue was at its highest since the state opened its legal online wagering market in January of 2022, surpassing the previous monthly high of $28.4m in March.

The December revenue total was also in stark contrast to the $27.6m loss reported during November, which came as a result of US businessman Jim “Mattress Mack” McIngvale winning a number of large bets on Major League Baseball’s World Series.

Read the full story on iGB North America

January 19, 2023

Inspired Entertainment promotes Pierce to CEO

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..

January 19, 2023

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

Kambi expects to reduce the headcount of 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 that currently, most spo..

January 19, 2023

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

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.

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..

January 19, 2023

PlayCherry joins German Sports Betting Association

The German Sports Betting Association (DSWV) has announced sports betting operator PlayCherry Limited as its latest member.

As an approved member of the DSWV, PlayCherry will work with the organisation and its other members to clamp down on illegal activities in the regulated German market.

PlayCherry is licensed to operate its Sunmaker.de, Comeonwetten.de and Mobilebet.de sites in the country.

“Germany is a core market for our company, and we are pleased to be part of this relatively young, regulated sports betting market,” Cherry CEO Jürgen Reutter said. “The DSWV and PlayCherry pursue a common goal and our membership underlines our efforts to provide customers in Germany with entertaining, and at the same time secure, sports betting products.”

DSWV president Mathias Dahms added: “With PlayCherry, the DSWV is gaining another member with many years of international experience. Everything in the German gambling industry is currently in a state of upheaval and sports betting provid..

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