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Industry
October 7, 2024
Brazil: Sports Betting Faces Ban If Addiction Is Unchecked
Brazil is among the countries that legalized sports betting back in 2018. Despite legalizing the activity, the country never launched its betting market as lawmakers failed to establish the required regulations for years. On the bright side, Brazil now aims to launch legal betting in January, after politicians finally focused on the issue. Yet, the […]
Industry
October 4, 2024
Massachusetts Launches Long-Awaited Problem Gambling Initiative
After delays spanning years, gaming officials in Massachusetts are moving forward with a data-gathering initiative that has been on hold for a long time. This project aims to tackle problem gambling. Massachusetts Gaming Commission: Progress on Key Responsible Gambling Project ‘Miraculous’ The project has run into many roadblocks from the start, like political issues and […]
Sports
October 4, 2024
NHL, NFL Caution Canadian Lawmakers on Sports Betting Ad Restrictions
Expanding sports betting across North America helped create new sponsorship and gambling advertising opportunities. Available in nearly 40 US states as well as in Canada, wagering attracts sports aficionados and bettors alike. Bill S-269 Picks up Speed in Canada but Raises Concerns Amid the expansion, lawmakers in Canada are considering a new gambling ads bill […]
Business
October 4, 2024
PrizePicks Brings in Blizzard Entertainment Talent as CFO
As part of its internal restructuring, PrizePicks has expanded its C-suite with the addition of Marcus Sanford, a former Blizzard Entertainment chief financial officer, who will now serve in the same position at PrizePicks. Blizzard Entertainment Veterans to Now Steer Company His appointment is effective immediately, and he is taking the reins over from Ari […]
Casino
October 4, 2024
New York Mandates Addiction Warnings on Gambling Ads
Governor Kathy Hochul has signed a new bill into law that imposes stricter regulations on gambling advertisements in New York. The legislation, S1550/A1118, requires that all advertisements for gambling and sports betting must include warnings of the addictive and harmful effects of gambling. This legislation now extends previous requirements that required gambling advertisements to display […]
Sports
October 3, 2024
Genius Sports Brings Xbox Visionary as Independent Board of Directors
Welcoming Robbie Bach, a former Xbox boss, Genius Sports is looking to tap into the visionary’s ability to steer companies towards success. Genius Sports Taps Console Game System Visionary as Director Although his experience may be disparate to the specific industry he is now going to work in as part of the Board of Directors, […]
Sports
October 3, 2024
Californian Tribes Want Sports Betting to Become Reality in 2026 or 2028
During CNIGA’s last meeting, tribal leaders came together and decided that they were going to push to place a sports betting measure on either the 2026 or 2028 ballot, hoping to pave the way for sports gambling in California before long. CNIGA Determined to Push Forward with Sports Gambling A previous measure, which was supposed […]
Sports
October 3, 2024
Ohio Sets Monthly Revenue Record in August with $204.1M Raked In
Ohio’s 11 casinos and racinos have managed to bring in as much as $204.1 million, outpacing expectations and setting a new record, the Ohio Casino Control and Lottery Commission reported. Revenue Sets New Record in Ohio for August Factoring in the latest revenue rake, licensed operators in the Buckeye State have brought in $1.6 billion […]
Legal
October 3, 2024
BetMGM Faces Increased Scrutiny in Massachusetts Over Banned College Bets
BetMGM is under more scrutiny in Massachusetts after an audit showed more rule-breaking about banned sports bets. Massachusetts Probes BetMGM Over $200,000 in Prohibited NCAA Football Prop Bets The problems first reported earlier this year, are about over 15,000 prop bets on how NCAA football players did during the 2023 season. These bets’ handle reached […]
Sports
October 3, 2024
Brooklyn Man Pleads Guilty in Sports Betting Scheme Involving Jontay Porter
A man from Brooklyn has pleaded guilty in a sports betting scandal that had an impact on former NBA player Jontay Porter resulting in Porter’s permanent exclusion from the league earlier this year. Long Phi Pham Confesses to Wire Fraud Long Phi Pham also called Bruce Pham confessed in federal court to plotting to commit […]
