Betting News – Page 144 – FairOdds Network

October 13, 2022

Nygaard-Andersen: Interest rates won’t stop Entain from acquiring

Entain chief executive Jette Nygaard-Andersen has said high interest rates will not stop the business from making new acquisitions, and may even “open up new doors”.

Nygaard-Andersen spoke on an earnings call after Entain published a third-quarter earnings update. Revenue was up 2% year-on-year for the group, thanks to both record customer numbers and a favourable impact from currency movements.

When asked whether the new macroeconomic environment and high interest rates would make acquisitions difficult due to the costs of borrowing money, Nygaard-Andersen said that this was not necessarily the case.

“We of course remain vigilant and very prudent,” she said. “But the health of the business remains good. We still have a strong pipeline on M&A and we have opportunities that we will continue to pursue.”

The results came after a busy period of acquiring for the business, with Nygaard-Anderson noting the business agreed nine acquisitions in the past 18 months, including those of Unikrn..

October 12, 2022

Sportradar to provide data for XLMedia affiliate sites

Sportradar has entered into a multi-year sports betting data partnership with affiliate giant XLMedia.

Under the deal, Sportradar will serve as the official sports data provider to XLMedia through the delivery of a range of digital products and services.

XLMedia will leverage Sportradar’s real-time sports data products for North American and international sports properties across its owned and operated digital properties including SportsBettingDime, SaturdayTradition, SaturdayDownSouth, CrossingBroad, EliteSportsNY and Canadian Sports Betting.

Sportradar will also provide a selection of visualisation tools such as widgets and live match trackers to help enhance XLMedia’s editorial content.

In addition, Sportradar will supply betting odds and insights to support XLMedia with a rising demand for sports betting across its network of websites.

“This partnership highlights Sportradar’s ability to be a one-stop shop for exclusive betting data and sports content for XLMedia’s high quali..

October 11, 2022

Metric Gaming to launch B2C sportsbook Bhet

Sports betting supplier Metric Gaming has announced it will launch a B2C sportsbook offering through its wholly owned Bhet subsidiary.

The sportsbook will build on Metric’s previously announced partnership with Lacerta Sports. Lacerta was founded by a team from London-based data betting syndicate and consultancy Starlizard, whose data solution will power the sportsbook’s pricing, risk management and player profiling.

“The pricing will be among the most player-friendly in the industry, and the scope and availability of live in-game wagering will be significantly more innovative and engaging than competitor brands,” said Metric CEO Keith Hayes.

The new venture will be funded through Metric’s latest debt financing round, during which it had raised $15m. Metric said it has received strong “indication of interest” from an unnamed “high-net worth” strategic investor who is seeking to increase the size of the round to $30m and close it out entirely.

“Metric has made significant progress ..

October 11, 2022

BetMGM becomes Cincinnati Reds’ official sports betting partner

BetMGM has become an official sports betting sponsor of the Cincinnati Reds baseball team.

The sponsorship precedes the launch of legalised sports betting in Ohio, which will take place on 1 January 2023.

The bills that introduced sports betting in the state – Senate Bill 176 and House Bill 29 – were introduced in May 2021. Eventually, an evolved version of House Bill 29 made it to Ohio’s state House and Senate, where it was passed.

Read the full story on iGB North America

October 11, 2022

Betr becomes first US online operator to ban credit card gambling

Sports betting operator Betr, founded by Simplebet co-founder Joey Levy and influencer Jake Paul, has announced that it will ban the use of credit cards on its micro-betting app, claiming to be the first US operator to do so.

The announcement was made by Levy, Betr’s CEO, at the Global Gaming Expo event in Las Vegas yesterday (10 October).

Levy also revealed that Betr will become the first operator to enforce mandatory deposit limits for 21-25-year-olds.

Read the full story on iGB North America

October 10, 2022

Sportradar granted sublicence, will stop scouting in Genius-FDC settlement

Sportradar’s legal dispute against Genius Sports and the Football DataCo (FDC) has reached a resolution, with the parties agreeing out of court that Sportradar will receive a sublicence for English football data, but that it must stop unofficial scouting.

Under the terms of the settlement, Sportradar will be granted a sublicence that will grant access to a delayed secondary feed until 2024. At the same time, Sportradar will cease its unauthorised in-stadium data collection activities.

The case, which dates back to February 2020, challenged the English and Scottish football data licensing regime. The framework was established in May 2019 when Genius signed a landmark agreement with FDC that granted the data business exclusive rights to collect, license and distribute live data from the Premier League, the Football League and the Scottish Professional Football League. The case was heard by the Competition Appeal Tribunal.

Sportradar claimed that the system that had been built through..

October 10, 2022

World Series of Politics: Brazil, Indiana and Ontario

Just in time for G2E, iGB brings you episode five of the World Series of Politics, this week featuring Brazilian elections, Indiana online casino and Ontario's offshore issue.

We kick off by looking at Brazil, where the competing presidential candidates go into a run-off at the end of October.

This is likely to impact gambling across multiple channels. Not only sports betting may be on the line, but a reshuffling of the country’s lottery sector and even integrated resorts are being held back.

Indiana online casino is also up for discussion in this week’s episode, as US states look for new ways of finding revenue. Could this lead to a wave of igaming legislation in the remainder of 2022 and into early 2023, especially after commentators were disappointed by a lack of action in 2021?

It’s a question of tax, Brendan says. If they set the rate too high, states risk stifling the market before it can get going.

Remember, The World of Series of Politics is available on Apple Podcas..

October 10, 2022

AGA welcomes Xpoint as board-level member

Geolocation and compliance technology business Xpoint has been announced as a board-level member of the American Gaming Association (AGA).

Xpoint co-founder and chief executive, Marvin Sanderson, will now serve on the AGA board of directors, while a number of Xpoint’s C-suite leadership team will sit on a range of AGA committees and task forces.

Focused on the North America sports betting and igaming markets, Xpoint launched its first live partnership in June of this year, linking up with SkillOnNet in Ontario, Canada.

One of only two geolocation technology vendors licensed in New Jersey, Xpoint last month announced the launch of its Xpoint Verify real-money gaming geolocation solution in the state with Sporttrade and PlayStar.

Xpoint has also secured investor backing from the likes of Bettor Capital, Courtside Ventures, Acies Investments, The Raine Group and SuRo Capital Sport.

“We are very proud to join the AGA and look forward to being active participants across a range of the ..

October 10, 2022

Iowa September betting revenue up 345.6% from 2021 despite handle decline

Revenue from sports betting in Iowa increased 345.6% year-on-year in September despite the state reporting a 4.9% decline in player spending.

Sports wagering revenue reached $25.4m (£23.0m/€26.2m) in the month, up from $5.7m in September 2021 and also 76.4% higher than $14.4m in August of this year, according to the Iowa Racing and Gaming Commission (IRGC).

Of this total, $21.2m was attributed to online betting, while the remaining $4.2m came from retail wagering.

In terms of spending, the $200.2m wagered in September was down from $210.4m in the same month last year, but 63.3% more than in August this year.

Players spent $177.6m betting online, as well as $22.6m at retail sportsbooks across the state.

Breaking down the performances of individual operators, Diamond Jo in Dubuque and its FanDuel sportsbook led the way with $6.5m from a $43.2m handle.

Sister property Diamond Jo in Worth, which also has a FanDuel sportsbook, placed second with $3.6m in revenue from $23.7m in bets, f..