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Sports
August 19, 2024
US Sports Betting Operators Enjoy Stable Growth in July
A DraftKings Inc. attempt to introduce a winning bet surcharge in its high-tax states backfired, with a public outcry forcing the company to walk back the controversial move. The announcement came after its main rival, Flutter Entertainment, owner of FanDuel, publicly announced that it would not implement a similar surcharge. Deciding to backtrack may have […]
Industry
August 19, 2024
Stake Continues Expansion in Peru with New Country Manager
Looking to consolidate its local footprint, and shortly after debuting in Colombia, Stake is now moving in the Peruvian market. The company has added ex-Inkabet head Jennyfer Escobar to help steer operations, as the company has secured a license locally as well. Peru Is the Next Grwoth Target for Stake.com Escobar is a well-seasoned industry […]
Sports
August 19, 2024
Betfred Hints at US Exit and Additional Downsizing
UK-based gambling operator Betfred has had a busy July. After reporting a pre-tax loss of £71.7 million ($91.7 million) for the year ending October 1, 2023, which marked a significant drop from the previous year’s profit and being slapped with fines over several anti-money laundering and social responsibility failures, the operator stopped its sports betting offerings […]
Sports
August 19, 2024
Oklahoma Tribal Gaming Leaders Hope to Bring Sports Betting to the State
To try and change the state’s fortunes, 2,000 tribal leaders met with representatives of sports betting and gambling companies in Oklahoma City recently to discuss the potential legalization of sports gambling. The meeting mostly focused on acknowledging the realities on the ground – without regulated gambling, illegal gambling will continue to take precedence, and people […]
Business
August 19, 2024
Analyst Claims Penn Entertainment Is Undervalued
However, Penn Entertainment has been rallying over the past 90 days, inching up 20.7% and Barry Jonas, a Truist Securities analyst, believes that there is more than meets the eye in the company. Penn is also a potential acquisition target for Flutter Entertainment, although the company seems reluctant to sell. Penn’s Unrecognized Value May Play […]
Industry
August 19, 2024
NBA Awards Voters Prohibited from Placing Bets on the Event
Integrity has been a byword for NBA Commissioner Adam Silver’s stint at the helm of the organization. Having presided over the association’s expansion into the sports betting space, Silver has also vowed to decouple the organization from attendant corruption surrounding the betting vertical. League Rules Now Strictly Prohibited Betting on NBA Awards To ensure that […]
Sports
August 19, 2024
Brighton vs. Manchester United 2024-25 Premier League Odds, Time, and Prediction
Both teams started the season in top gear, but it’s Brighton that was more impressive. The Seagulls destroyed Everton on the road 3:0 in the first round. Meanwhile, Manchester United beat Fulham in the season-opener 1:0 at Old Trafford, with the winner scored in the 87th minute. Will they do better this time? Read our […]
Sports
August 16, 2024
LiveScore Bet Launches Total Betting TVC and New Media Plan
Leading sports betting brand and key component within the LiveScore Group sports ecosystem, LiveScore Bet, has announced the launch of a new Total Betting television commercial (TVC) in Ireland along with a new media plan in collaboration with Sky Sports and RTE. Total Betting TVC Campaign Launched in Ireland The recent announcement has allowed LiveScore […]
Esports
August 16, 2024
Twitch Channels Continue to Offer Sponsored Gambling Content
According to news reports, at least 120 accounts streaming Counter-Strike are now possibly facing a ban from the Amazon-owned streaming platform Twitch. The platform alleges that these accounts have been promoting gambling products, as part of endorsement deals. Twitch originally suspended such partnerships on October 18, 2022, prompting indignation from many top accounts, including Trainwreckstv […]
Sports
August 16, 2024
Study Uncovers Trend of US Bettors Prioritizing Wagering over Stocks
Since 2018, when the expansion of sports betting across the United States started, millions of Americans gained access to legal forms of the activity. This paved the way for sponsorships between sportsbooks and sports teams, and ways for states to generate revenue for educational programs. At the same time, while betting was often available through […]
