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Industry
August 10, 2021
And the Winner Is: Nagasaki Chooses Its Integrated Resort Partner
The battle for control of Nagasaki’s integrated resort (IR) is almost over. The prefecture has announced who it has chosen as its operator partner, although its possible that the decision might be contested. The conclusion of the selection process was not devoid of some unexpected twists, but it is now in the books and Nagasaki […]
Industry
August 9, 2021
BtoBet Appoints Guy Gani as Its New Chief Technology Officer
Gaming technology supplier BtoBet announced it appointed Guy Gani as its new CTO taking the position from September 1, 2021. Technology Advancements Key to Growth The appointment of new chief technology officer Gani, who will be tasked with responsibilities to further develop BtoBet’s betting technology and enable the supplier to provide market-leading solutions, is seen […]
Industry
August 9, 2021
Veikkaus’ Revenue May Be Redirected to Finland’s State Budget
Finnish national betting agency Veikkaus recorded a drop in its revenue, which caused a negative influence on Finland’s science, sport, culture, youth work, health and social welfare sectors. That is why Antti Kurvinen, the Minister of Science and Culture, thinks the income of Veikkaus should be distributed differently, thus transfer it to the state budget. […]
Industry
August 9, 2021
Iowa Reports Fourth Consecutive Month of Sports Betting Revenue Decline in July
The Iowa Racing and Gaming Commission reported a month-over-month decrease in sports betting revenue and handle for the state in July. Iowa Posts Another Monthly Decrease in Wagers in July Iowa’s online and retail sportsbooks reported a total of $88.9m in wagers in July, which corresponds to a 20% month-on-month decline from $111.2m. This is the fourth consecutive monthly decrease […]
Industry
August 9, 2021
Women Take the Spotlight in Olympics Sports Betting
The focus has shifted from men to women on this year’s Olympic Games in Tokyo, leading to women’s events driving up to 60% of the sports betting handle. Women’s Sports Events Drive to 60% Of the Betting Action Women’s sporting events in the Tokyo Olympic Games drove 60% of the betting action, according to operator […]
Industry
August 9, 2021
Ban on VIPs to Be Imposed as Part of the Gambling Act Review
A media report in the UK claims the ongoing review of the Gambling Act is set to ban VIP schemes, considering current measures ineffective against the “immoral” practice. End of VIP Schemes Ministers in the UK are determined to deal away with the VIP schemes once and for all by outright banning the tactic deployed […]
Industry
August 9, 2021
Illinois Operators Can Apply for Online-Only Sports Betting Licenses Until December
Three lucky betting operators will be selected for online-only sports betting licenses in Illinois, as the state’s gaming board has opened the application window. Illinois has decided on December 3 as a deadline for all applicants. Three Operators will be Selected for Online-Only Sports Betting Licenses Gambling operators in Illinois who only possess a temporary […]
Industry
August 9, 2021
Sportech Unveils Tender Offer for Buying $49.2M in Shares
On Friday of last week, Sportech, the sports betting technology company, announced the launch of a proposed tender offer. With the tender, the company plans to return up to $49.2 million to shareholders. Sportech Launches Tender Offer Sports betting technology company Sportech PLC announced the launch of a proposed tender offer on Friday of last […]
Industry
August 9, 2021
Mohegan Scrambles After Japanese IR Partner’s Unexpected Exit
Mohegan Gaming & Entertainment (MGE) has been put between a rock and a hard place as it competes to be the casino operator of an integrated resort (IR) in Nagasaki, Japan. Its local partner, Oshidori International Development, just withdrew itself from the partnership, with MGE now having to find a new one, and quickly. Oshidori […]
Industry
August 6, 2021
DraftKings’ Second Quarter Earnings Posted 297% Growth
Daily fantasy, sports betting and gaming technology operator DraftKings reported today its second-quarter financial results, posting revenue of $298 million for the three months ended June 30, 2021. Nearly 300% Revenue Growth The quarterly revenue reading represents a 320% increase to the $71 million DraftKings generated in the respective quarter of 2020. However, after giving […]