DraftKings in sports betting deal with Resorts Atlantic City

first_img Daily fantasy sports (DFS) operator DraftKings has agreed a deal with Resorts Atlantic City in New Jersey to offer sports betting in the US state Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Tech & innovation Subscribe to the iGaming newsletter Email Address 1st June 2018 | By contenteditor Regions: US New Jersey DraftKings in sports betting deal with Resorts Atlantic City Tags: Mobile Online Gambling Daily fantasy sports (DFS) operator DraftKings has agreed a deal with Resorts Atlantic City in New Jersey to offer sports betting in the US state. Earlier this year, DraftKings revealed that it had spoken with a number of land-based casinos in New Jersey in regards to sports betting. New Jersey does not currently allow legal wagering on sports, but the state is in the process of putting together legislation to regulate such activities in the wake of last month’s Supreme Court ruling on the matter. Speaking to the Associated Press, DraftKings said it will offer “web-based and mobile operations” for sports gambling in New Jersey. Jason Robins, chief executive of DraftKings, added: “We are excited to work with Resorts Hotel Casino to bring our new DraftKings sportsbook to New Jersey. “As a tech savvy and a long-term growth oriented organisation, Resorts Hotel Casino aligns perfectly with our customer-focused, innovation culture.” The move would mark DraftKings’ first foray into the sports betting market, having previously only offered DFS contests. However, Legal Sports Report said DraftKings has not yet officially announced if it has been licensed as a gaming entity in New Jersey. If DraftKings were to obtain a gaming licence, which it already holds in the UK, it would be a first in the US.Related article: DraftKings eyes NJ casino partners for sports bettinglast_img read more

Malta regulator cancels Dorobet’s licence

first_img Topics: Legal & compliance Subscribe to the iGaming newsletter Malta regulator cancels Dorobet’s licence Email Address The Malta Gaming Authority (MGA) has cancelled Dorobet’s B2B gaming service licence after ruling that the online gambling operator breached rules related to regulatory payments. The Malta Gaming Authority (MGA) has cancelled Dorobet’s B2C gaming service licence after ruling that the online gambling operator breached rules related to regulatory payments.Effective from today (21 February), the cancellation means Dorobet is no longer authorised to carry out gaming operations, register new players or accept new customer deposits.The regulator has also ordered Dorobet to allow players to access their accounts in order to make withdrawals, as well as refund any monies owed to customers.The MGA ruled that Dorobet breached regulation 9 (1) of the Gaming Compliance and Enforcement Regulations, specifically paragraphs B, C and L Paragraph B references failure to comply with an order issued by the MGA, while paragraph C relates to a licensee not adhering to regulatory obligations or other applicable laws in Malta.Paragraph L, meanwhile, refers to when a licensee has not paid a fee to the MGA.Dorobet may be permitted to launch an appeal against the ruling.Dorobet is the second gambling operator to have had it Maltese licence cancelled this month after The Daily Fantasy Football Company also had its B2C gaming service licence withdrawn. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 21st February 2020 | By contenteditor Regions: Europe Southern Europe Malta Tags: Online Gambling Legal & compliancelast_img read more

Pennsylvania sports betting revenue slips to $4.7m in February

first_img Topics: Casino & games Finance Sports betting The Pennsylvania Gaming Control Board (PGCB) has reported a marginal rise in market revenue for February, despite a 79.4% month-on-month decline in the sports betting vertical.Overall gambling revenue in the state – comprising land-based table games and slots, online casino, sports betting, fantasy sports and video gaming terminals – amounted to $304.3m (£263.5m/€280.3m) in February, up 0.5% from $304.2m in January and 13.8% from $267.6m in February 2019.The small month-on-month increase was primarily down to growth within the state’s land-based market, with slot revenue rising 4.9% to $199.7m and table games revenue climbing 6.6%.Focusing on sports wagering, revenue was down 79.4% on a month-on-month basis, with the $4.7m collected in February much lower than $22.8m in January, but 147.4% higher than February last year.Read the full story on iGB North America. Subscribe to the iGaming newsletter 19th March 2020 | By contenteditor Casino & games Email Address Pennsylvania sports betting revenue slips to $4.7m in February Regions: US Pennsylvania The Pennsylvania Gaming Control Board (PGCB) has reported a marginal rise in market revenue for February, despite a 79.4% month-on-month decline in the sports betting vertical. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gamblinglast_img read more

BHA hits back at criticism over delay to racing restart

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 27th April 2020 | By contenteditor BHA hits back at criticism over delay to racing restart Horse racing Tags: Race Track and Racino Regions: UK & Ireland Subscribe to the iGaming newsletter The British Horseracing Association (BHA) has defended its decision to delay any resumption of racing in the UK, after its chief executive Nick Rust was reportedly urged to resign over the organisation’s handling of the crisis.Racing has been suspended since 18 March and had not been due to resume until the end of April at the earliest, but the BHA this month extended the suspension, with the aim of resuming some activities in May.However, The Sunday Telegraph yesterday (26 April) reported that the BHA’s decision to extend the suspension had been critcised by industry stakeholders.According to the newspaper report, BHA chairman Annamarie Phelps received a “cache of emails” from trainers unhappy about the BHA’s approach, primarily focusing on the financial impact that the suspension will have on the industry.Some of the emails also allegedly called on Rust – who is leaving his role at the end of 2020 – to step down from his role over the handling of the crisis.The BHA has now responded to the criticism, saying due to the severity of the situation, the organisation is focused on putting the health of the public and its participants first, adding that this is central to its plans for resumption.“The BHA Board – which includes members nominated by the organisations representing horsemen and racecourses – understands the pressures on all in racing at present and recognises that BHA executives benefit from constructive feedback from participants,” the BHA said.“There will be very few sports or businesses in which similar dialogue isn’t going on given the nature of the crisis. The Board asks that to be done in accordance with racing’s values, to be respectful and not single out individuals unfairly for carrying out their role.”The BHA also addressed direct criticism of Rust, saying he and his team have the “full and unequivocal support” of the BHA Board.“Nick Rust and his team are acting in support of decisions taken by an industry group, endorsed by the BHA’s Members Committee and enacted by the BHA Board,” the BHA said. “Our staff are focusing their efforts right now on planning for the resumption of racing as soon as possible. They are working in full collaboration with trainers, racecourses and others.“Good progress has been made and racing will have detailed proposals incorporating expert medical opinion to present to government as it prepares to review the current restrictions.“Nick, his team, and the industry colleagues with whom they are working so closely, are looking forward and are united in wanting the sport to resume as soon as it is possible. They have the Board’s full and unequivocal support.” Email Address Topics: Sports betting Strategy Horse racing The British Horseracing Association (BHA) has defended its decision to delay any resumption of racing in the UK, after its chief executive Nick Rust was reportedly urged to resign over the organisation’s handling of the crisis.last_img read more

Golden Nugget online gaming to go public on Nasdaq

first_img Regions: US Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Golden Nugget Online Gaming will go public on the Nasdaq exchange following a special-purpose reverse merger with blank check company Landcadia Holdings II. Email Address Golden Nugget Online Gaming will go public on the Nasdaq exchange following a special-purpose reverse merger with blank check company Landcadia Holdings II.Golden Nugget Online Gaming, the online division of the Golden Nugget chain of casinos owned and operated by Landry’s Incorporated and owned by Tilman Fertitta, will become only the second online casino operator to be purely publicly traded on a US exchange.The deal, which is expected to close in the third quarter of 2020, will see the operator’s shares traded on the Nasdaq under the GNOG ticker symbol. It values GNOG at approximately $745m, or 6.1x its projected 2021 revenue of $122m.Golden Nugget is the market leader in the New Jersey online casino market, the oldest and largest igaming jurisdiction in the US, responsible for 33.8% of the state’s $85.9m gross gaming revenue in May.Read more on iGB North America. Topics: Casino & games Finance Tags: Online Gambling 29th June 2020 | By Daniel O’Boyle Casino & games Golden Nugget online gaming to go public on Nasdaqlast_img read more

Setting the scene for success in the US

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting Tags: Online Gambling Email Address Setting the scene for success in the US 27th August 2020 | By Joanne Christie Topics: Sports betting Regions: US Luke Campbell of Champion Sports says getting to grips with the unique characteristics of the US player base is one of the vital steps in cracking the market.While it’s fair to say any entry into a new market requires developing an understanding of certain nuances in terms of that market’s customers, nowhere is this truer than in the fledgling US sports betting market.Due to the longstanding prohibition on sports betting prior to the repeal of PASPA, it’s a market where many punters are inexperienced not only in terms of online betting, but betting generally. Yet they are simultaneously highly knowledgeable when it comes to the data that typically goes hand in hand with bookmaking.“You could argue on one side that for at least a couple of generations now that they haven’t had any kind of online sports betting, but to say that the customer base isn’t sophisticated does players a bit of a disservice,” says Luke Campbell, operations director and co-founder at Champion Sports. “If you look at the sports and the analysis that happens in the US, it really is much more in-depth than any of the European equivalent sports.”It is, of course, widely recognised that US punters favour different sports to their European counterparts, with the popularity of the National Football League (NFL), baseball and basketball far outweighing that of football, the go-to game for bettors on the other side of the pond.What’s perhaps less acknowledged, according to Campbell, is how this translates to US customers’ approach to sports. “For example, there is a bigger focus on stats – at a very deep level and on a player level – that you don’t really see on the more traditional sports such as soccer,” he explains.He says this means operators looking to move into the States from Europe may need to adapt their offerings significantly. “There will be a lot more focus on prop bets: who will score first, who will score the first touchdown, who will be the MVP of the match and so forth.“As an operator you need to understand that the customer tastes and the kind of markets and bets that they are looking to place are going to be different.” High expectationsThe higher level of detail being pored over by American players compared with those in Europe is also reflected in their expectations, believes Campbell.“In my experience there is a different level of expectation. I wouldn’t necessarily say American customers are more demanding, but my experience of them was at PokerStars and we always said that the customer was king and we always focused on making sure that they were happy.“If you are going to build market share, it is going to be through word of mouth, from customers who feel they are treated very well and are very happy in whatever experience they have. In the US there is a higher expectation of customer satisfaction. If they don’t like it, they will just walk away. You’ve got to get it right the first time.”As well as adapting the markets on offer and providing good customer service, Campbell says user experience is another key factor that will influence the success or failure of new entrants to the market.“In general, I think the betting world has a bit of work to do to make it a better user experience and provide an enjoyable experience to players, although I think that applies across all markets, not just the US.”However, the change in approach required to attract US players could prove difficult for some of the larger European bookmakers to implement, according to Campbell. “It is quite tricky for the bigger and more established operators to do an about-face if they need to change their approach and I speak from experience of working in very big organisations. It is not impossible and quite a lot of them have in fact proved they can do so, but it takes an awful lot more effort.”This provides a potential impetus for large operators to partner with companies such as Champion Sports, says Campbell. “We feel that we have got an advantage on that side of things because we are not small, but we are small enough that we can be nimble and focus on what we believe are the important things that we can do quickly.” Contingency planningThis includes being ready and willing to adapt quickly to the ever-changing nature of the novel coronavirus (Covid-19) pandemic, which Campbell says is requiring businesses to be able to essentially “predict the unpredictable”.“Nobody truly knows what will happen. The old saying about hope for the best but plan for the worst could not be more true right now. As with many operators, we have a plan to deal with the NFL season being cancelled. That could be a big problem for US operators, so we obviously have to be prepared for that.“We saw that across Europe and Asia esports and virtuals took up a lot of slack when there were not a lot of other sports available and we’d expect to see the same sort of contingency planning put in place by the major operators in the US if need be.”In the US, however, there’s perhaps a silver lining of sorts to come from the pandemic that doesn’t apply equally to Europe in that it has provided an added impetus for regulation. With huge budget shortfalls to contend with, states that have thus far not regulated sports betting are likely to now be at least considering getting in on the action.“I think it has helped focus some minds on that side of things,” says Campbell. “I imagine a lot of states will be pushing forward and potentially accelerating their plans to regulate gaming because it will help plug some of the gaps in terms of funding.”The success of those states that have already opened up provides a clear example of the benefits. “Obviously it provides extra income to states, but we can also see from the states that have regulated so far that standards have gone up and regulation has pushed out the below-standard operators.“Regulation in gaming markets is generally always a good thing because it enforces good standards and also helps the customers have a good experience, so it’s a win-win.” Luke Campbell of Champion Sports says getting to grips with the unique characteristics of the US player base is one of the vital steps in cracking the market Subscribe to the iGaming newsletterlast_img read more

William Hill launches mobile sportsbook in Illinois

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Consumers in the state will be able to use the app to place prop, parlay, future and in-play bets on a wide range of professional and collegiate sports events. William Hill launches mobile sportsbook in Illinois Sports betting The sportsbook app will operate via a partnership with Caesars Entertainment’s Grand Victoria Casino in Elgin, Illinois, where William Hill also opened a retail sportsbook last month. 16th September 2020 | By Aaron Noy William Hill has launched a mobile sportsbook in Illinois, marking the sixth state in which the operator has rolled out an online betting product. “We’re excited to bring our top-performing mobile app to my hometown state of Illinois,” William Hill US president of digital Ken Fuchs said. “We look forward to providing millions of sports fans in the state with the best markets and great service.” New customers that open an account and make a digital deposit will also receive a 100% match up to $300. William Hill has launched a mobile sportsbook in Illinois, marking the sixth state in which the operator has rolled out an online betting product. Email Address Regions: US Illinois Subscribe to the iGaming newsletter Topics: Sports betting Read the full story on iGB North America.last_img read more

HBLB to contribute £31.9m in GB racing funding for early 2021

first_imgThe Levy Board will also make £200,000 available to purchase personal protective equipment for racedays, and £450,000 for additional regulatory costs associated with Covid-19 measures.  Work on the 2021-22 levy estimates is already underway. This, HBLB noted, has been aided by Britain’s leading bookmakers voluntarily providing detailed data of their hose race betting performances, as well as operators reviewing current monthly payments.  “The Board is particularly mindful of the delay in the return of paying spectators at fixtures, which will continue to affect the ability of racecourses to make their usual prize money contributions.” “We are pleased to be able to sustain our significant support into 2021,” HBLB chair Paul Darling said. “This announcement is intended to provide clarity to the sport about prize money and regulatory grants through to next spring.  Horse racing Darling explained that “encouraging” levels of betting activity since racing’s resumption in June, the modelling for the rest of the current levy year, and HBLB’s cash reserves, gave it the confidence to agree the package.  HBLB to contribute £31.9m in GB racing funding for early 2021 “Our financial outlook would need to worsen significantly in the coming months to cause us to revisit what we are announcing today,” he added. Regions: UK & Ireland Topics: Sports betting Horse racing The total contribution, HBLB says, sees it continue to provide “significantly increased” financial support to the industry, as it has done since racing resumed following its novel coronavirus (Covid-19) suspension in June 2020.  The Horserace Betting Levy Board (HBLB) has agreed to contribute £31.9m in funding towards the first four months of racing in Great Britain in 2021. center_img Raceday Services Grants (RSGs) will also be made available to tracks, of £12,571 per fixture, at a total cost of £5.5m. Through the Fixture Incentive Fund, used to encourage courses to host events on midwinter weekdays to drive off-course betting turnover, HBLB will make a further £1.35m available. Tags: Covid-19 Horserace Betting Levy Board HBLB As such, the board estimates that total yield for the year will no the less than £75m. However, the resurgence of Covid-19 across the country, which has led to betting shops in Scotland, Northern Ireland, Wales and northern England closing, will inevitably have an impact on the final sum. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “As has been the case since June, this level of funding from the Board is unsustainable beyond the short-term,” he warned. “We continue to urge the industry’s constituents to work together on future plans, recognising that our contribution will have to return to more normal levels in due course.” It breaks down to £24.4m for prize money, a 46% increase on the normal contribution to prize purses for January to April.  22nd October 2020 | By Robin Harrison Subscribe to the iGaming newsletter Darling acknowledged that this situation would “inevitably require ongoing consideration”, adding that the increased funding was not a long-term solution.  Email Addresslast_img read more

NetEnt to delist shares on 16 December following Evolution acquisition

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Subscribe to the iGaming newsletter In connection with its offer, which allowed NetEnt stockholders to sell their holdings for 0.1306 Evolution shares, it will now issue 933,504 new shares. 3rd December 2020 | By Robert Fletcher Evolution has also initiated a compulsory buy-out procedure to acquire all outstanding shares. This comes after Evolution yesterday (2 December) began a process to integrate NetEnt after completing its SEK19.60bn (£1.72bn/€1.91bn/$2.31bn) acquisition of the business. The acquisition offer was declared unconditional on 23 November, having been backed by 93.9% of the total number of shares and 97.3% of the total number of votes in NetEnt. NetEnt’s live casino division will also be shuttered and efforts are to be taken to streamline the slot development business – in line with synergy goals set out when the offer was made. The acceptance period for shareholders was then extended until 30 November, with investors holding 7.1m series A shares in the business, and 7.1m series B shares, now also backing the offer.center_img Topics: Finance Management Tags: NetEnt Evolution In accordance with a decision by Nasdaq Stockholm, the last day of trading on the exchange will be 16 December. The “total reorganisation” of NetEnt will see Evolution’s management assume operational responsibility for the slots giant. NetEnt chief executive Therese Hillman will support the integration before leaving the business in Q1 of 2021. NetEnt has announced that it will delist its B-shares from the Nasdaq Stockholm exchange on 16 December, following its acquisition by liver dealer specialist Evolution. NetEnt to delist shares on 16 December following Evolution acquisition Regions: Sweden Email Addresslast_img read more

Adidas launches Real Kashmir new home jersey

first_img Football FootballLatest Sports NewsSports BusinessNewsSport TAGSAdidasFootball ClubI- LeagueISL TeamsManish SapraReal Kashmir FCSports Business NewsSports Business News India SHARE Football Copa America 2021 COL vs PER LIVE: When and where to watch Colombia vs Peru LIVE streaming in your country, India, Follow live update Football Cricket PSL 2021 Playoffs Live: How to watch PSL 2021 Playoffs LIVE streaming in your country, India by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoPUBG Mobile Big Update : For the first time ever, India Government makes it official, ‘No Permissions to PUBG’UndoWrestler Murder Case: Sushil Kumar spotted hitting victim with sticks in exclusive video; WatchUndoAdidas had announced its partnership with Real Kashmir FC last season with an aim to bring about a positive change narrating an inspiring story of the ‘Snow Leopards’, as the club is popularly known. The story has redefined the ‘Real’ Kashmir, with football at the catalyst for change.Read: One phone, many subscribers: Real Kashmir FC’s story during communication lockdownUnveiling the new season jersey, Adidas has dedicated this season to the “UNREAL FANS OF REAL KASHMIR” as the club gave rise to a new phenomenon in the Indian footballing history. The 2018-19 I-League season saw a unique trend take place where fans of opponent clubs started cheering for Real Kashmir FC. It became the second favorite club of opponent fans on social media. Fans from across India joined in the conversation to shut the cynics and lead the voice of positivity. And as the Real Kashmir FC team traveled across the country, often, the club received standing ovations at away games from opponent fans, who did not switch loyalties but rather supported both clubs – a trend not seen before in football fanfare.Manish Sapra, Senior Marketing Director, Adidas India, “Our partnership with Real Kashmir is an essential part of the brand living it’s Core Belief that Through Sport, We Have the Power to Change Lives. With this launch of the new home jersey, we are celebrating this belief with fans who have shown their love and support for the club. This jersey is made for all those Unreal Fans who not only watch football but believe in the higher purpose of sport.”The new season jersey has been carefully crafted, “Create. Believe. Inspire” written on the neck at the back, inspiring every individual to make a difference in their game, life, and world. This season the yellow home jersey is accessible to the fans, available only in limited quantities across select Adidas stores and online on shop.adidas.com starting from 21st Nov 2019, is built with Adidas Climalite fabric and has the iconic Adidas 3-Stripes on the shoulder.Adidas ties up with Prada for fusion of fashion and performancePresent at the unveiling of the jersey, Sandeep Chattoo, Co-owner of Real Kashmir F.C, said – “Adidas and the snow leopards share a belief that sport has the power to change lives. Among other things, this power has inspired the youth and put football at the center of conversations on Kashmir. It has garnered us a mammoth fan base that we could not have imagined. We are thrilled as, with this support, we are sure that we can go on to win the League”.The club was founded in 2016 by a Kashmiri Pundit and a Muslim to channelize the energies of Kashmir’s youth through football, signed with Adidas last year and has seen great progress both on and off the pitch in a short span of time.Despite recent challenges on-ground, the team has had an outstanding pre-season, beating some of the big names from I-League and ISL teams in friendly games, Real Kashmir F.C is looking to better their position this season and win this edition of the I-League.Read: Adidas ties up with International Space Station to develop footwear off Earth Facebook Twitter Football Adidas launches Real Kashmir new home jersey Euro 2020, Ukraine vs Austria: Ukraine to ensure round of 16 berth against Austria, Follow Live Updates Football Cricket Latest Sports News Euro 2020, Switzerland vs Turkey LIVE: Shaqiri adds another as Switzerland lead 3-1; Follow Live Updates RELATED ARTICLESMORE FROM AUTHOR WI vs SA 2nd Test Day 3 Live: South Africa lose early wickets; SA 35/2 (11 ov)- Follow Live Updates Cricket Euro 2020, Italy vs Wales LIVE: Time running out for Wales as Italy maintain lead and possession; Follow Live Updates WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Previous articleRFEF seal 3-year Spanish Super Cup deal for Saudi ArabiaNext articleVisibility at twilight could be difficult, says Pujara ahead of Day/Night Test challenge Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Share on Facebook Tweet on Twitter Copa America 2021 VEN vs ECU LIVE: When and where to watch Venezuela vs Ecuador LIVE streaming in your country, India, Follow live update Copa America 2021 By Kunal Dhyani – November 12, 2019 Adidas and Jammu & Kashmir based football club Real Kashmir FC have together unveiled the club’s 2019-2020 home jersey, dedicated to the club fans.The club, which played in the I-League for the very first time last season, attracted massive crowds in both home and away games across the country, becoming one of the most loved clubs across India. YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video last_img read more