Betting News – Page 104 – FairOdds Network

November 2, 2022

William Hill scores in-stadium betting partnership with Celtic

Bookmaker William Hill has entered an in-stadium retail betting partnership with Scottish Premiership football club Celtic.

Under the deal, William Hill will become the team’s official in-stadium betting partner and operate retail betting facilities inside the club’s Celtic Park home.

The arrangement will run for two years, with fans able to place a range of bets and also take advantage of exclusive offers and promotions on Celtic home matchdays.

“We are delighted to partner up with Celtic at their iconic home and deliver our unrivalled retail betting experience to the Celtic faithful,” William Hill’s director of media, sponsorships and UK creative, Liam McKee, said. It promises to be another exciting season at Paradise, and we are thrilled to be along for the journey.”

Celtic’s commercial director Adrian Filby added: “We are very pleased to be partnering with an industry leader in William Hill. We are certain that supporters who use this service will benefit from an enhanced stad..

November 2, 2022

BetDex launches first regulated blockchain betting exchange

The BetDex Exchange – created by FanDuel founder Nigel Eccles – has announced that it has been licensed and regulated by the Isle of Man Gambling Supervision Commission, making it the first regulated blockchain betting exchange.

The operator has received licensed approval for all kinds of online gaming, including online sports betting, under the Isle of Man Online Gambling Regulation Act.

Former FanDuel executives Varun Sudhakar, Stuart Tonner and Nigel Eccles serve as CEO, CTO and chairman of the new business, which they founded just over a year ago. Soon after founding, BetDex announced an initial investment round, raising $21m.

Varun Sudhakar, CEO and co-founder of BetDex said: “Today’s news is an exciting step forward for the BetDex Exchange. With the licensing and regulatory approval, BetDex now boasts the first fully-regulated sports betting platform in the Web3 space, and we’re excited to welcome bettors from approved regions.”

Abby Kimber, head of egaming with the Isle of M..

November 2, 2022

EPIC brings in Smith as new director of operations

Independent gambling harm minimisation consultancy EPIC Risk Management has named Danielle Smith as its new director of operations.

Succeeding Pete Wallis, Smith will take the lead on a number of key business infrastructure projects at EPIC.

Smith joins the consultancy after almost 13 years with the British army, where she was most recently a life skills developer, having previously been personnel change manager and a commissioned officer in the Royal Military Police.

Prior to this, she spent time as a legal advisor for DWF, a global provider of integrated legal and business services.

“I’ve come into EPIC at quite an interesting point,” Smith said. “There are lots of really tasty projects ongoing and lots of opportunity and potential for the future, so it’s really exciting. I’m super happy to be here, get on board and get involved in the growth of the business.

“What attracted me to EPIC is the passion that everyone has. Passion runs though the company, no matter what level you’re..

November 1, 2022

UK gaming tax intake rises in H1 of 2022-23, but remote duty down

UK provisional betting and gaming tax intake for the six months to 30 September has risen 11.0% from £1.46bn to £1.62bn ($1.85bn/ €1.88bn) compared to the same period the previous year.

The largest contributors to this figure is the Lottery Duty, which represents 30% of the total, and the Remote Gaming Duty which contributes 28% of the total. However, both the duties declined both in absolute terms and percentage of the total from same period the previous year.

The 2022 figures had a high degree of variability month to month, demonstrating both seasonal variation and a decreased month-to-month stability in the figures post-pandemic – as commented on by HRMC.

“Since the 2020-21 financial year, monthly receipts have been more unpredictable and, instead, receipts across each quarter are now more representative,” it said.

As a result, the figures had a large range. At the high end, almost £500m of the total was gathered in April alone – while in September, just £93m was received by th..

November 1, 2022

888’s Howard Mittman on Betting 2.0

Sports betting 1.0 was all about acquisition and, as it moves into sports betting 2.0, product is the key differentiator for sportsbook operators, according to 888 Holdings’ US president Howard Mittman. Robin Harrison hears how Mittman is developing a media-led, content-driven offering that leverages the power of the Sports Illustrated brand.

888 Holdings’ Howard Mittman sees sports betting as a “cultural phenomenon” in the US, sitting at the centre of sports, media technology and betting.

For Mittman, this makes his role at the operator, where he has served as president of US operations since April, a perfect fit.

“Throughout my career, the experiences I have enjoyed the most are ones where I found myself at interesting cross-sections,” he says. “Whether it was technology and culture, fashion and culture, or sports and culture.

Howard Mittman has served as president, US for 888 Holdings since April 2022

“This creates an interesting opportunity to have a perch and a purview tha..

October 31, 2022

DC sports betting handle continues to climb in September

Sports wagering handle in Washington DC increased for the second consecutive month in September but fell 26.2% year-on-year.

Handle for the month amounted to $19.4m (£16.8m/€19.5m), which was 48.1% higher than $13.1m in August of this year, but down 26.2% from $26.3m in September 2021.

Gross gaming revenue was $3.6m, double the $1.8m generated in August and also 125.0% higher than $1.6m in September last year.

Looking at individual operator performances, Caesars retained its grip on top spot in DC with $1.4m in revenue from $7.3m in total bets during September.

Gambet, operated by the DC Lottery and powered by Intralot, placed second with $1.1m in revenue from $6.0m in player spending. BetMGM, which is partnered with MLB team the Washington Nationals in DC, was next with revenue of $678,061 from a $4.0m handle.

Flutter Entertainment’s FanDuel, which runs a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field, generated $250,932 in revenue from $1.6m..

October 31, 2022

Rhode Island falls just short of revenue record in September

Sports betting revenue in Rhode Island reached $6.4m (£5.6m/€6.5m) in September, the second-highest monthly total on record.

Revenue was 60.0% higher than the $4.0m recorded in September 2021 and also 113.3% up from $3.0m in August this year.

The total was also just short of the monthly record of $6.7m posted in November 2021.

Mobile betting accounted for $3.6m of all revenue during the month, with Twin River’s retail sportsbook contributing $1.6m and the Tiverton Casino posting $1.1m from its land-based sports betting facility.

In terms of player spending, handle for the month was $41.7m, up 1.2% from $41.2m in the same month last year and 50.5% ahead of $27.7m in August this year. This was helped by the start of the new NFL season, which kicked off at the start of September.

Consumers wagered $26.8m online in September, while $14.8m was spent at the two retail sportsbooks. Twin River’s facility drew $9.9m in bets and Tiverton Casino’s $4.9m.

For the state’s financial year to da..

October 31, 2022

SuperBook launches online sports betting in Iowa

Las Vegas-based sports wagering business SuperBook Sports, owned by Westgate, has launched online sports betting in the state of Iowa.

Players in the state can download the official SuperBook app or place bets on a range of sports and events via the operator’s website.

The launch means SuperBook’s reach now extends to six states, with the operator also live in Arizona, Colorado, Nevada, New Jersey and Tennessee, with further roll-outs planned in other states.

In August, SuperBook also announced it was to open a new retail sportsbook at Oriole Park at Camden Yards ballpark, the home of Maryland-based MLB franchise the Baltimore Orioles.

“From the Cyclones and Hawkeyes to the Field of Dreams, Iowa has one of the best sports traditions in the country,” SuperBook chief executive Mark Lipparelli said. “Many sports fans from Iowa have undoubtedly visited our iconic Las Vegas sportsbook and now they can access those same great betting options from home.”

SuperBook’s vice-president of rac..

October 31, 2022

Nigeria introduces new permit for offshore-licensed operators

Nigeria is set to introduce a new remote operator permit for offshore-licensed operators, allowing businesses to offer online gambling in Nigeria without a local presence.

Businesses will be eligible for a remote operator permit if they already hold a licence in another jurisdiction and wish to offer their services to Nigerian players.

It will allow operators to offer casino games, bingo, slots, sports betting and poker.

The permit will be valid for five years. Operators will pay an initial $100,000 to receive the permit, followed by fees of $50,000 in each of the next four years.

The Nigerian National Lottery Regulatory Commission will issue terms and conditions which permit-holders must adhere to.

Holders of the new permit will be allowed to offer their services in Nigeria and to advertise within the country in print media or via affiliate programmes.

Key to the new regime will be an updated tax collection system, powered by UK-based fintech company E-Technologies Global Limite..

October 28, 2022

Caesars launches online sportsbook in Ohio ahead of market opening

Caesars Entertainment has announced the launch of its online sportsbook in Ohio ahead of the US state opening its regulated sports betting market in January 2023.

Ohio is due to commence legal sports wagering on 1 January and players in the state are now able to register and deposit funds with Caesars in preparation for this launch.

Consumers that sign up with Caesars ahead of January can take advantage of a special early registration offer, whereby if they deposit $20, they will receive an additional $100 worth of bet credits.

Read the full story on iGB North America

October 28, 2022

World Cup could be make-or-break for industry marketing

iGB op-ed: Many will be paying close attention to how the industry markets its products during the 2022 Fifa World Cup. Daniel O’Boyle writes that the industry’s actions during the tournament may be the difference between fuel for a further crackdown or a chance to change the tide of the debate on gambling.

Yesterday, France announced a series of new rules and recommendations on bonuses. The contents of the regulations published by regulator l’Autorité Nationale des Jeux (ANJ) are interesting for sure, but there may be more to think about beyond that.

The new rules on transparency are good, and other markets would largely benefit from requiring operators to make the terms surrounding bonuses as clear as possible.

Other rules, particularly the ban on sending bonuses to “excessive” gamblers, are clearly well-meaning but likely too vague to be implemented in the way that is hoped.

The non-binding “recommendations”, meanwhile, are hard to judge without knowing how motivated operators..

October 28, 2022

Nevada gambling revenue rises to $1.25bn in September

Gambling revenue in Nevada increased 7.8% year-on-year to $1.25bn (£1.09bn/€1.26bn) in September, while the state also reported month-on-month growth.

Revenue in September 2022 was higher than $1.16bn in the same month last year, while the total was also up 3.3% from $1.21bn in August of this year, according to the Nevada Gaming Control Board (NGCB).

Slots remained by far the main source of gambling revenue in the state, generating $858.8m in revenue for the month, an increase of 10.0% from $780.5m last year.

Multi-denomination slot machines were responsible for $448.1m of this total, while penny slots revenue amounted to $299.7m.

Revenue from table, counter and card games reached $390.8m in September, up 3.5% from $377.6m in the same month last year.

Blackjack accounted for $86.4m of this amount, while baccarat revenue stood at $80.1m and roulette revenue for the month amounted to $40.4m.

Turning to sports betting, reported as part of the table, counter and card games segment, r..

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