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iGaming
- Las Vegas and Shifting Sentiment – “The shift to remote wagering is a profound one.”
- NJ Regulators Want to Round Up Bovada, Other Illegal Gambling Websites – The NJ DGE wants to go after the black market operators.
- First Full Month of NJ Sports Betting Nets Nearly $4m in Revenue – Five operators running sportsbooks net $3.8m in revenue in July. The total hold for the wagers was 5.8%, and the honeymoon is over for Monmouth Park, whose revenue fell drastically.
- New Flash Draft by Draftkings Introduced – “in-play” DFS is now real.
- Fanduel Founders Suing Paddy Power Betfair For $120m – They didn’t make a dime when the company sold, and now they’re suing PPB for “deliberately undervaluing the business” for a sale. It’s an interesting argument, and it may have merit.
- New Jersey, Golden Nugget Break iGaming Records – GN did $9.3m in July, surpassing their previous best of $8.65m in March. They are far and away the market leaders. Their sportsbook went live today. NJ iGaming had a record month at just under $26m in July.
- 888 VP Relocates to US Following Gambling Reform – Yaniv Sherman, 888’s head of commercial development, will now spearhead the company’s US expansion.
- Gambling Apps More Profitable Than CryptoKitties as Blockchain Moneymaker – Crypto gaming sites are making a fortune.
- Hard Rock Shines, Ocean Falters in NJ – Hard Rock launched to the #2 position in the market, while Ocean is looking a lot like the old Revel.
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iGaming
- Catena Outlines US Affiliate Expansion Plans – 6 month revenue was $56.9m, and is making considerable investment in the US.
- Authentic Gaming Lands UK License – Will begin supplying UK operators.
- KamaGames Will Sell Crypto Tokens For Social Casino – The large European social operator will sell $25m worth of tokens, based on the Ethereum platform.
- Draftkings Still Advertising With MLB, Despite the Betting Ad Ban – Looks like the MLB is being a bit disingenuous with its gambling ad ban.
- Resorts AC To Open Physical Sportsbook on Wednesday – Will be the first casino to launch both a physical and online book.
- PGA of America Hacked – But official data was not affected.
- Pokerstars Links Up With Mount Airy in PA – Will offer PA sports betting and iGaming.
- Slot Machine Apps Are Being Target at 12 Year Olds – “No cash prize” loophole is allegedly allowing for apps to be targeted to children in the UK, which is trending towards regulation of social/simulated gaming.
- Dash Targets Expansion into Gambling, Mexico – The cryptocurrency announced plans to reach the gaming industry.
- Gambling Hot in Cryptocurrency Market – One site, Fomo3D, had more players than Pokerstars.
- Buffalo Wild Wings Eyeing Sports Betting – Reportedly close to a deal with Draftkings.
- Firm Hired to Explore Sports Betting in Indiana – Indiana Gaming Commission has hired Eilers & Krejcik to consult on the matter.
- Penn National and Fanduel Receive License in WV – Penn will take bets at Hollywood Casino Charles Town in partnership with William Hill, while Fanduel will operate at the Greenbrier.
- Colorado AG: Sports Betting Can Become Legal Without Voter Approval – AG says that legalizing sports betting will not require an amendment to the constitution.
- Cashbet Lays Out Global Crypto Plans – The blockchain-powered iGaming platform is now full steam ahead after completing a $38m token sale.
- Paddy Power Dims Profit Outlook as Fanduel Buy Weighs – Earnings call lower than expected with Fanduel as a “loss-maker”. The company has serious expansion plans.
- Full House Resorts Targets US Sports Betting – Linking up with William Hill.
- Cantor Gaming Dinged Again – Prospects are dimming for the CG technology group to capitalize on the expanding US sports betting market.
- Draftkings Opens San Francisco Office – Makes senior hires including Jaime Shea, Andy Yang, and Tom Goedde.
- Pokerstars Parent Company in “Transition Year” – Looking for US partners.
- Online Poker Grows in France – Shared liquidity appears to be mitigating France’s extremely prohibitive tax rate.
- Japan’s Lotteries Hope Online Expansion Can Reverse Slide – Looking into online lottery to attract a younger demographic.
- Draftkings Gives NFL Fans First Taste of In-Stadium Sports Betting in US – Preseason game in New Jersey had people betting in their seats.
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iGaming
- Is The Latest Sports Betting Player Buffalo Wild Wings? – They, and others similarly situated, are exploring ways to get involved in sports betting.
- Delaware Up to $15m in Sports Betting Handle – Since launching June 5th, the state has taken $15m in wagers, with revenue at $527,000.
- Authentic Gaming Opens Dedicated Live Roulette Studio in Malta – ARENA currently offers six live auto roulette tables with 4 different game formats.
- New York Preparing Limited Roll-Out of Sports Gambling – Sports betting discussion ruled the roost at the Saratoga Institute on Equine, Racing, and Gaming.
- IGT Extends Reach With Mississippi Sports Betting Deal – Will power two Boyd Gaming sportsbooks.
- West Virginia Sports Betting Still on Track – Reports surfaced that the Governor was trying to insert integrity fees back into the legislation, but that appears to have been shut down.
- California Santa Ysabel Tribe Lose Another Online Gaming Ruling – The Iipay Nation of Santa Ysabel lost their appeal re: online bingo. Supreme Court next.
- Can the US Become a Tax Haven For Online Gaming? – Interesting take on the market.
- MGM May Be Done With Its IL Casino, But Not With Illinois – Eldorado purchased the Grand Victoria, but MGM still has market access with the Boyd deal.
- Draftkings Co-Founder Discusses Early Sportsbook Hurdles, Plans to Innovate – Matt Kalish talks to TheLines.
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iGaming
- NBA and MGM Resorts Tie Up Partnership – In the news that led the day yesterday, MGM and the NBA announced a deal that left many scratching their heads. MGM also tied up with Boyd to gain market entry in other states. The clear winner in all of this? Boyd Gaming. (another article here).
- MGM and Boyd Are Poised to Take Over Sports Betting, But Where Will They Start? – This deal clearly creates a major player in the sector, and the article takes a deeper look. MGM will also take the first mobile sports bet in New Jersey before the week is out.
- Illinois Lawmakers Will Hold Online Casino, Poker, Sports Betting Hearings – Illinois is going to take a serious look at gaming expansion during a pair of scheduled hearings in the coming months.
- NHL Commissioner Says Leagues Want Cut Of The Action – Says they want a cut if their IP, data, or video from games are used.
- India Law Commission to Legalize Crypto Gambling? – Recommendations were laid out to legalize the activity, which would unlock the massive market and lay the groundwork for a new type of online gaming business.
- Welcome to Our New Gambling Hell, Sports Fans – One journalist is really not looking forward to the onslaught of sports betting ads, similar to what we saw out of Fanduel and Draftkings for DFS.
- New Hampshire Lawmakers Eye Sports Betting – “The amount of money is incomprehensible,” says one lawmaker. The statements from NH lawmakers, and even the executive director of the NH lottery, clearly show they don’t understand the market. Nevada operators made $20.2m in June.
- How Long Will It Take Oklahoma to Have Legalized Sports Gambling? – Short answer: it might be awhile.
- Ifrah Law: Why We Won’t See a Federal Sports Betting Bill Soon – Commentary from gaming superlawyer, Jeff Ifrah.
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