Industry
May 1, 2023
Churchill Downs Defies Market Expectations, Posts Record Q1 2023
The company has reported strong results across its live and historical racing revenue, which have been a contributing factor to the results in the first quarter of 2023. Both profits and revenue have been able to gain new highs and send the share price soaring. Churchill Downs Sees Stock Boost Following Strong Q1 2023 Results […]
Industry
May 1, 2023
Flutter CEO Argues Against Anti-Gambling Campaigns Use of New Levy Funds
Flutter Entertainment, the world’s biggest listed gambling group and owner of Paddy Power, has expressed concerns that funds from a new statutory levy on operators could be used by campaigners to stop gambling in general. The Flutter CEO said that campaigners had already had the opportunity to make their cases and that people must be […]
Sports
May 1, 2023
New Coalition Aims to Protect Consumers in Sports Betting Advertising
The newly formed coalition called the Coalition for Responsible Sports Betting Advertising, will aim to prioritize the establishment and enforcement of policies that protect consumers. It will include members from the National Football League (NFL), Major League Baseball (MLB), Major League Soccer (MLS), NASCAR, National Basketball Association (NBA), Women’s National Basketball Association (WNBA), National Hockey […]
Sports
April 28, 2023
New Proposal in Brazil Calls for 16% Tax for Online Betting
Earlier this month, in Brazil, a proposal called for a 15% tax on sports betting along with BRL30 million BRL30 million ($5.9 million) license fee. Now, local media outlets reported a proposal was pushed forward that calls for a tax rate from 15% to 16%. The new proposal, reportedly backed by Ana Moser, the country’s […]
Sports
April 28, 2023
IGT’s PlaySports Arrives at Meskwaki Bingo Casino Hotel
International Game Technology is deploying its solution with the Meskwaki Bingo Casino Hotel, marking the latest such partnership for the company in the United States. Meskwaki guests will now have access to PlaySports QuickBet Kiosks that will make it possible to enjoy quick sports wagers on-site at the venue. Meskwaki Bingo Casino Hotel general manager […]
Legal
April 28, 2023
Bet365’s Hillside Hit with $7.7M Penalty in Sweden
Spelinspektionen has issued a SEK65 million penalty to Hillside Sports and a SEK14 million penalty to Hillside Gaming, both operated by Bet365, with the total amount of the penalty amounting to $7.7 million at current exchange rates. Spelinspektionen Delivers New Penalties against Hillside The Swedish gambling regulator argued in a statement that the companies had […]
Business
April 28, 2023
PointsBet on Its Way Out of North America
PointsBet has confirmed that it is planning to sell its US and North American operations in general, as the Australian gaming operator has released a statement detailing the matter. The statement confirms that a potential sale is currently being discussed with numerous undisclosed parties. PointsBet Confirms Intent to Sell North American Business The company is […]
Sports
April 28, 2023
Gambling Minister Assures Horseracing Industry of Minimal Losses
However, the BHA has raised concerns about the predicted annual loss of between £8.4 million ($10.4 million) and £14.9 million ($18.6 million) as a result of affordability checks on punters. Horse Racing Industry May Suffer Greater Losses Than Predicted by Government Estimates The BHA fears that the estimated loss could be an underestimate and that […]
Sports
April 28, 2023
Fanatics Sports Betting App to Debut in Two US States Next Week
Famous as the ultimate sports apparel and Fan Gear Store, Fanatics currently has a strong presence in the sports merchandise and collectibles landscape. Still, for quite some time, the company has been preparing its entry into sports betting. The first such effort involved Fanatics’ first retail sports betting location launch. The company’s retail betting services […]
Sports
April 28, 2023
AGA Welcomes WNBA to Have A Game Plan
“Have A Game Plan. Bet Responsibly” is a campaign that is run by the American Gaming Association in a bid to boost awareness for regulated and responsible gambling websites and practices. Delivering Responsible Gambling Messaging to Basketball Fans The campaign has been running over the past several years and features a number of prominent partners, […]
