Business
February 14, 2023
Flutter Entertainment Consults Shareholders over US Listing
According to Reuters, the parent company of some of the most successful betting and gaming brands worldwide is considering the new US listing as a means of supporting its further expansion in the country. The US Listing to Yield Long-Term Benefits In a statement issued by the London-listed company running its operations in over 20 […]
Industry
February 14, 2023
AGA Opposes Gambling Advertising Ban Proposed by New York Congressman
On behalf of the American Gaming Association (AGA), senior vice president Chris Cylke recently issued a statement on the proposed Betting on our Future Act, which was submitted by Rep. Paul D. Tonko. The Act seeks to ban or limit casino gaming advertising, including legal sports betting. Limiting Advertising will Drive Gamblers to Illegal Operators […]
Sports
February 14, 2023
Oklahoma Gets One Step Closer to Sports Betting Legalization
Tulsa World reported that on February 13, the bill, known as House Bill 1027, was introduced by Rep. Ken Luttrell, R-Ponca City. The legislation passed easily, as it was reviewed by a friendly committee, which Luttrell himself chaired. Oklahoma’s Proposed Sports Betting Bill Faces a Long Road Ahead for Legalization While the bill represents a […]
Sports
February 14, 2023
Super Bowl LVII Was Very Successful for Kambi
This was one of the company’s highest turnover games thanks to Kambi’s best odds Bet Builder bets and gamblers’ overwhelmingly positive response during this year’s Super Bowl. Kambi’s Great Super Bowl Showing The match between the Kansas City Chiefs and the Philadelphia Eagles was a complete stunner, and fans’ response led to Kambi’s second-highest turnover […]
Sports
February 14, 2023
Betting Operators in Nevada Report $153.2M in Bets on Super Bowl
Overall, 185 sports books in the state accepted wagers on the Super Bowl. Although the result surpassed the amount wagered in 2021, it came short of Nevada’s record in Super Bowl wagers from 2022, which was $179.8 million in wagers. On the bright side, the $153.2 million in wagers from Super Bowl LVII was the […]
Industry
February 14, 2023
Michigan Senator Proposes Legislation to Fight Teenage Gambling Addiction
Bellino, a Republican from Monroe, highlighted that the legalization of mobile betting apps and online sports betting in more than 30 states has made the issue worse. The Spread of Gambling Addiction Can Be Fought with the Help of Education As per Sen. Joseph Bellino’s statement, it has been reported that teenagers do not see […]
Casino
February 14, 2023
Bally’s Corporation Reports Preliminary Results for Q4 and 2022
The preliminary results took a look at both the fourth quarter and the full year. In terms of four-quarter performance, the company posted revenue of $576.7 million, but net loss amounted to $476.8 million, the company said in the update shared with media late on Monday. Fourth Quarter Sees “Unacceptable” Interactive Division Performance Adjusted EBITDA […]
Sports
February 14, 2023
Indiana January Betting Handle Feels the Pinch of Ohio
The decline in results is likely to continue in the coming months, but the Hoosier State should not take it as all bad news. More sports fans able to bet in their home states in the region would allow governments to calibrate their expectations and businesses to adjust marketing spend, helping the ecosystem in the […]
Sports
February 14, 2023
FanDuel’s Super Bowl LVII Ad Not Nearly as Impactful
The sportsbook bought a 30-second spot for $7 million which it hoped it could turn into betting action. But patrons remained unfazed by the advertisement, whether they have become inured to the constant outflow of promotional inducements, or simply because they already had plans about betting. Or, rather – because of their incredulity that what […]
Legal
February 13, 2023
GeoComply’s Patent Infringement Case against Xpoint Dismissed
Geolocation technology supplier Xpoint had its motion to dismiss related the patent infringement case filed by competitor GeoComply granted by a federal court in a key decision for the geolocation market. Case Dismissed by Court The ruling issued on Friday, February 10 by Judge William J. Bryson from the Federal Circuit in the District of […]
