Online sports betting Archives

July 13, 2023

Gambling Commission fines Star Racing £594,000

The GB Gambling Commission has issued a fine to Star Racing Limited for a series of anti-money laundering (AML) and social responsibility failings.

Star Racing, trading as Star Sports, will pay a penalty of £594,000 (€693,376/$772,840). It was also handed an official warning and had extra conditions added to its licence.

Setting out the charges, the Commission listed a number of failings that occurred between March 2020 and May 2021.

AML failures included having ineffective policies, procedures and controls in place at the time. Star Racing also allowed customers to deposit large amounts before obtaining source of funds information and failing to analyse source of funds information when it was obtained.

In terms of social responsibility failures, these included not demonstrating an understanding of the impact and effectiveness of customer interactions in terms of the minimisation of customer risk.

Licence breaches

Specific breaches noted in the case included Paragraphs 2 and 3 o..

July 12, 2023

Iowa sports betting handle down again in June

Sports betting spend in Iowa fell for the third consecutive month in June, while the state also reported year-on-year declines across handle and revenue.

Total handle for the month amounted to $115.6m. This was 5.6% lower than $122.4m in June 2022 and also 21.7% behind the $147.7m posted in May this year.

Players wagered $105.7m online and $9.9m betting at retail sportsbooks across the state.

In terms of revenue, this reached $7.1m in June. This was 15.5% lower than $8.4m in the same month last year and 57.2% less than $16.6m in May.

Read the full story on iGB North America

July 12, 2023

Kindred expands US presence with tech platform launch in PA

Kindred Group has announced the launch of its proprietary tech platform in the US state of Pennsylvania.

Customers in the state can now access the Kindred-owned Unibet casino and sportsbooks apps.

Unibet has been active in Pennsylvania since September 2019. The brand initially launched as a retail sportsbook in partnership with Mohegan Sun Pocono.

Kindred said the platform provides customers with a better experience, personalised content and products, as well as improved analytics.

Read the full story on iGB North America

July 12, 2023

Sportradar pens extension with Caesars Sportsbook

Sportradar has signed an extension to its long-term partnership with Caesars Sportsbook, the sports wagering platform for Caesars Entertainment.

Under the deal, Sportradar provides Caesars Sportsbook with official betting data from a number of major leagues. These include the National Basketball Association, Major League Baseball and the National Hockey League.

For the first time, Caesars Sportsbook will have access to certain NBA optical tracking data. This enables Caesars to create new props and support additional growth of same-game parlays.

In addition, Sportradar will continue to provide Caesars with a suite of betting products and betting entertainment tools. These include pre-match data, content solutions, live match trackers and live data.

Read the full story on iGB North America

July 11, 2023

Kentucky to launch legal sports betting on 7 September

Kentucky will launch legal retail sports betting on 7 September, with online wagering to follow on 28 September.

The schedule was agreed yesterday (10 July) by the state’s governor, Andy Beshear, the Kentucky Horse Racing Commission (KHRC) and state lawmakers. This means Kentuckians can begin placing legal sports bets in less than 60 days.

This followed a KHRC meeting where members unanimously approved emergency administrative regulations to govern sports betting. Governor Beshear immediately signed off on these at Red Mile, a gaming and racing venue eligible to apply to be a sports betting location.

The 7 September launch date for retail comes just days before the start of both the 2023 NFL and collegiate football seasons.

Read the full story on iGB North America

July 10, 2023

New York sports betting handle slips to 10-month low in June

Consumers in New York spent $1.17bn betting on sports online in June, the lowest monthly total since August 2022.

June’s handle was 10.5% ahead of $1.05bn in the same month last year but 14.7% behind the $1.36bn spent in May.

It was also the lowest figure since $872.2m was bet last August.

Gross gaming revenue (GGR) from sports betting during the month reached $103.8m. This was up 43.4% from $72.4m last year but 31.7% down from $152.0m in May.

Read the full story on iGB North America

July 7, 2023

Caesars launches mobile sportsbook in Puerto Rico

Caesars Entertainment has become the latest operator to launch online sports betting in the US territory of Puerto Rico.

Consumers in Puerto Rico can place bets on the Caesars Sportsbook mobile betting app or accompanying website.

Online betting will initially only be available to citizens of Puerto Rico. Non-residents visiting the island will have the ability to register for the app later this summer.

The app and website will be integrated with the Caesars Rewards loyalty programme. For every bet placed, users will earn tier credits, which can be exchanged for experiences at Caesars Entertainment destinations.

Read the full story on iGB North America

July 7, 2023

Genius Sports scores extended data deal with NFL

Genius Sports has signed a multi-year extension to its strategic partnership with the National Football League (NFL).

The deal runs to the end of the 2027-28 season, with Genius to retain exclusivity over official NFL data and video distribution.

This includes play-by-play statistics, proprietary Next Gen Stats (NGS) data and official sports betting data. Genius will continue to distribute this to media companies and sports betting operators around the world.

Genius began working with the NFL in 2021 and now powers over 98% of the legal US sports betting market with official NFL data.

The deal also covers exclusive rights to distribute NFL Watch & Bet low latency live game video feeds to sportsbooks internationally. From the 2023-24 season, Genius and the NFL have reached a multi-year agreement to distribute Watch & Bet in the US and Canada.

Genius said it would leverage its machine learning and live streaming technologies to power viewing experiences for fans through Watch & Bet…

July 6, 2023

Bet365 pins down expanded partnership with UFC

Online gambling operator Bet365 has agreed to an expanded partnership with mixed martial arts series the Ultimate Fighting Championship (UFC).

Under the deal, Bet365 will remain the official sportsbook partner of the UFC in the UK and Ireland for at least the next year.

This arrangement will also be extended to cover certain other European territories. These include Bulgaria, Denmark, Germany, Greece, Italy, the Netherlands, Spain and Sweden.

Other aspects of the deal include IMG Arena, an official partner of UFC, providing a range of features for the Bet365 app and website. This covers assets such as the UFC’s official data feed and in-screen live streaming of UFC bouts.

Bet365 users can also now access a “Bet Builder” feature, allowing them to create bespoke bets. Players can select from multiple markets for the same bout and combine them into a single bet.

Ongoing deal

In addition, Bet365 will continue to run the “One on One” dedicated UFC show on its official YouTube channel…

July 6, 2023

Bplay and GiG expand in Argentina with Mendoza launch

Gaming Innovation Group (GiG) has supported the launch of Boldt Group brand Bplay in the Argentine province of Mendoza.

Bplay initially went live with an igaming offering on GiG’s B2B platform. This will be expanded to also include an online sportsbook in the third quarter.

The launch marks the fifth Argentine jurisdiction in which Boldt Group has partnered with GiG. The two parties were already active in Buenos Aires, Santa Fe, Entre Ríos and the city of Buenos Aires.

“Bplay continues to provide the best gaming experience for our clients in Latin America,” Boldt Group business unit manager José del Pino said. “This leads not only in the launch of new licences, incorporating new and great games and products, but also improving user satisfaction.”

The roll-out also means GiG is regulated in 30 markets worldwide, with a further seven in development.

GiG commercial director David Bonnefous Saavedra added: “Our excellent relationship with the Boldt Group and the continuing expansion ..

July 5, 2023

Sportradar wins bid for CONMEBOL data rights

Sports data analytics and technology business Sportradar has announced that the continental governing body of South American football, CONMEBOL, has chosen the business as its new betting data rights partner.

The outcome of the competitive bidding process will see Sportradar become CONMEBOL’s exclusive audio visual and betting data rights partner.

The multi-year deal covers the worldwide rights for three CONMEBOL football competitions – the Copa Libertadores, the Recopa Sudamericana and the Copa Sudamericana. Under the terms of the agreement, the rights will run for the next four seasons.

Sportradar and CONMEBOL strengthen relationship

CONMEBOL’s secretary-general, José Astigarraga, said the organisation was “glad” to strengthen its relationship with Sportradar.

“We are sure that the prestigious CONMEBOL club tournaments, with more than 60 years of history, will be a great showcase to be able to get closer to the true fans of South American football,” he added.

since 2019, sport..

July 5, 2023

Soft2Bet to enter Romania with new licence

Online gambling operator Soft2Bet is to expand into Romania after securing a new licence in the country.

Issued by national regulator Oficiul National pentru Jocuri de Noroc (ONJN), the licence will cover online casino and sports betting.

Soft2Bet said the licence would support its ongoing expansion into regulated markets across Europe and worldwide.

The operator also recently secured approval in Greece, Ireland, Denmark and Sweden,

“We consider the Romanian market as one of the pivotal markets for establishing our foothold in Eastern Europe,” Soft2Bet’s general counsel, David Yatom said.

“Acquiring a local Romanian operating licence marks an important step in our strategic expansion, building upon Soft2Bet’s success in other European markets.

“Stay tuned for more exciting developments in the near future.”

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Tag: Online sports betting