Business
May 9, 2019
FOX Launches Betting Platform with The Stars Group
FOX buys 4.99% in TSG The companies will launch FOX Bet FOX could purchase up to 50% in TSG Rupert Murdoch’s media giant group FOX has purchased a 4.99% stake in The Stars Group and is now rolling out a sports betting platform. FOX Buys 4.99% in TSG – Sports Betting Arrives Fox. Corp. has […]
Business
May 7, 2019
Colorado Sends Sports Betting Bill to Governor
Colorado’s sports betting bill HB19-1327 awaits governmental signature 10% Gross Revenue to go to the State Fund Operators would need to foot the bill for the new Gaming Control Commission The Colorado’s Senate has cleared HB19-1327 and is now sending it to the office of Governor Jared Polis who has to give his final approval […]
Business
May 3, 2019
NeoPollard Asks DOJ to Rule on Wire Act Lottery Vendors
NeoPollard demands that the DOJ removes iLottery vendors from the ambit of the Wire Act No definitive law exempts vendors from fault, the company argues DOJ needs to specify its stance on iLotteries and the Wire Act Opinion NeoPollard has directed criticism against the Department of Justice (DOJ) over the uncertainty now marring business prospects. […]
Business
May 3, 2019
Caesars to Consolidate Sports Betting Business
Caesars Entertainment Corporation’s 1Q 2019 Earnings Call came with an ambitious outlook. The company’s development strategy moving forward would feature expansion across sports betting. While the earnings call reflected the opinions of the corporation’s management, Caesars seems to have hit the mark it has assigned for itself. Caesars Perform Well Q1, 2019 – Financial Highlights […]
Business
April 30, 2019
Kambi and William Hill to Work on Sports Betting in Sweden
Amid soaring first quarter results, Kambi has struck a new partnership to power William Hill’s sports betting platform in the newly-regulated Swedish market. Kambi’s Financial Performance Grows Kambi’s financial performance soared in the first quarter of 2019, with the company announcing the results on Wednesday, April 24 and revealing over $22 million in revenue. Ended […]
Business
April 29, 2019
Leaked Ladbrokes Documents Show “Player Profiling”
Ladbrokes has made headlines recently with reports emerging that the bookmaker is profiling customers and forcibly restricting betting opportunities. Did Ladbrokes Rig the Game? Ladbrokes has been pro-active in negating gambling harm. However, the company has come under fire for reportedly rigging the game for customers, sources have revealed. According to leaked documents in the […]
Business
April 25, 2019
Louisiana to Debate Sports Betting in the Senate
Louisiana to debate SB 153 in Senate The bill will bring up to $60 million in monthly revenue The Senate hearing is decisive Another sports betting legislation is stepping in the ring. This time, Louisiana is pushing ahead with plans to debate a fully-legalized industry in the Senate. Louisiana’s Senate to Debate Sports Betting The […]
Business
April 25, 2019
Tennessee to Legalize Sports Betting Online in Senate
Tennessee spearheads bill to legalize online sports wagering The state expects to collect $750,000 per license fee every year Companies offering betting odds will be taxed up to 20% of their revenue Revenue from sports betting expected to hit $40 million by the second year of business Amid rapidly expanding sports betting landscape in the […]
Business
April 23, 2019
Why Did PokerStars Get Fined in New Jersey?
PokerStars is fined $10,000 for accepting wagers on college contests Illegal college betting continues offshore, experts say Banning betting odds at licensed operator not a solution PokerStars gets fined for college sports betting in New Jersey. The state’s regulator has slapped The Stars Group-owned company with $10,000 for taking bets on college basketball games. PokerStars’ […]
Business
April 22, 2019
Delaware North Sues Miomni for Extortion Scheme and Fraud
Delaware North is suing its main supplier, Miomni, after a forcible shut-down over alleged contract breaches in West Virginia, the sports betting operator announced in a press release. Delaware North vs Miomni – What Has Happened Six months ago, Delaware North and Miomni Gaming, a sports betting operator and a supplier of sports betting products […]