Tabcorp appoints ex-AFL chief McLachlan as CEO
McLachlan will join Tabcorp and assume the role of CEO on 5 August, subject to necessary regulatory approvals. He takes up the position after a decade leading Australian rules football competition the...
View ArticleESPN Bet undervalued by market, says investment bank
In Truist’s note – authored by Barry Jonas, Patrick Keough and Ramin Robhany – the bank reiterated that ESPN Bet was undervalued. “ESPN Bet integrations appear on track with a lot riding on football...
View ArticleUS Supreme Court declines to hear Florida sports betting case
The US Supreme Court Monday (17 June) morning denied the writ of ceriorari (court process to seek judicial review of a decision) in the the Florida sports betting case filed by West Flagler and Assoc....
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Weekend Report: FanDuel the US leader
FanDuel still the US leader A new report from Jefferies shows FanDuel is leading the US sports betting market. Of the 11 states to have reported online sportsbook revenue for May, FanDuel captured 45%...
View ArticleIllinois betting handle up 22.8% to $1.10bn in April
The Illinois April figure was 22% higher than the $898.6m wagered in the same month last year. However, it was down 12.7% from the $1.26bn bet in Illinois in March of this year. Of the total amount...
View ArticleMassachusetts May handle up on last year as DraftKings maintains top spot
Overall betting handle for the month hit $587.3m (£462.7m/€547.6m), 32.4% higher than May last year, but 2.7% behind the $603.3m wagered in Massachusetts in April this year. Online handle across the...
View ArticleArizona posts year-on-year sports betting growth in April
Starting with handle, total spend in Arizona on April hit $656.3m (£516.9m/€611.6m). This is 22.5% higher than last year but 13.6% behind $759.8m in March this year. Arizona consumers spent $649.9m...
View ArticleGiG affiliate rebrands to Gentoo Media as spin-off rumbles on
The company will be trademarked under Gentoo Media and will operate as Gentoo from now on, while consisting of GiG’s media business, including its affiliate lead generation services. GiG said the new...
View ArticleUAE opportunity in spotlight for new gambling VC Ixia Capital
The fund, operated by a handful of gaming and financing veterans, will focus on “high-growth” gambling companies at the seed to Series A stage. It expects to launch over 25 startups in the online...
View ArticleOhio regulator on track to change advertising, integrity monitoring rules
Both of Ohio’s amended rules must still go through the state’s Common-Sense Initiative office and the legislative Joint Committee on Agency Rule Review. The proposals would go before the OCCC again...
View ArticleFanDuel: We’ll exit lottery contract if DC Council approves open marketplace
The DC Office of Lottery and Gaming (OLG) in March revealed that Intralot, the company that ran the GamBetDC platform, planned to take down the platform and subcontract with FanDuel. The news came as...
View ArticlePennsylvania igaming revenue jumps 24% in May
Igaming gross revenue came in at $174.1m in May, up 23.5% year-on-year. Total revenue in May was comfortably higher than $479.4m in the same month last year. It also surpassed the $504.6m reported in...
View ArticleMichigan online gambling revenue tops $239.5m in May
According to the latest Michigan Gaming Control Board (MGCB) figures, the state’s revenue total cleared the $185.8m posted in May last year. It was also 2.0% ahead of the $234.8m generated in Michigan...
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Ex-Aspire Global and Bragg exec joins igaming platform amid staff expansion
Canaki has more than 17 years of experience in B2B and B2C sectors. Most recently, she held the role of vice-president of customer success at Aspire Global. Prior to this, she was the CEO and managing...
View ArticleCaesars SVP warns cyber threats are new industry norm, staff need to think...
She also noted that operators should be asking how frequently it could happen to them. Reflecting on the highly impactive cyber-attack on Caesars last September, Solaita told the audience:...
View ArticleOntario igaming outperforms five-year state contribution and employment...
According to a report by Deloitte published on 19 June, the igaming market in Ontario hit or almost reached many of Deloitte’s year-five projections within its second year, with the market (excluding...
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Yield Sec projections: Illegal market still has strong hold on US gamblers
In 2023, according to the report, of the predicted total $29.5bn GGR in the US, $10.4bn was from legal operators. Yield Sec further broke down the numbers and determined that 15% of all legal US GGR...
View ArticleGB Gambling Commission confirms investigation into potential election betting...
According to the BBC, the Commission had opened an inquiry into Conservative candidate for Bristol North West Laura Saunders over a bet on the election date, which Prime Minister Rishi Sunak set for 4...
View ArticleOntario police open Jontay Porter criminal investigation
NBA commissioner Adam Silver in April issued Jontay Porter a lifetime ban from the league for betting on his own team and sharing personal information with bettors. According to ESPN, the OPP...
View ArticleBrazil commission votes to legalise casinos and bingo
PL 2,234/2022 was approved yesterday (19 June) by 14 votes to 12. The bill – which has been under consideration since 2022 – now moves to the senate plenary for a further vote, having already been...
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