Betting News – Page 114 – FairOdds Network

September 8, 2022

CDI pens deal with FanDuel

Horse racing and casino operator Churchill Downs Incorporated (CDI) has signed a content and sponsorship agreement with Flutter-owned FanDuel.

The multi-year deal involves multiple areas of FanDuel’s business – including its sports wagering, advance deposits wagering (ADW) and television verticals. Under the terms of the deal, CDI will provide B2B technology and services for FanDuel’s sportsbook’s pari-mutuel wagers on horse racing features.

It will also be possible for US-based FanDuel users to place bets on horse racing content at a CDI property, as well as allow FanDuel access to broadcast CDI content on the operator’s newly announced television network. The deal also has provisions providing FanDuel with non-exclusive Kentucky Derby sponsorship rights.

CDI subsidiary, United Tote, will be paid by FanDuel to facilitate the pari-mutuel wagering sections of the agreement. CDI has previously entered into an agreement to sell 49% of United Tote to the New York Race Association, in a..

September 8, 2022

Michigan names 888 as Hannahville tribe’s sports betting provider

The Michigan Gaming Control Board (MGCB) has approved 888 Holdings subsidiary VHL Michigan LLC as the new online sports betting provider for the Hannahville Indian Community.

The Hannahville tribe initially entered into a platform agreement with Churchill Downs Incorporated’s (CDI) TwinSpires B2B sports betting business, but were forced to find a new supplier following CDI’s announcement that it would be re-orientating to provide a more focused horse racing product.

The community operates the Island Resort and Casino in Harris, Michigan – with the tribe’s online site continuing to trade under the Sports Illustrated brand name.

MGCB executive director Henry Williams said: “The Hannahville tribe is the first operator in Michigan to change platform providers since internet gaming and sports betting began here in January 2021. The tribe has found another experienced partner, and I wish them continued success.”

[Read full story on iGB North America]

September 8, 2022

GiG finalises Crab Sports deal as Maryland opens licensing process

Gaming Innovation Group (GiG) has ratified its previously announced agreement with Maryland sports betting brand, Crab Sports, as Maryland opens its mobile sports betting licensing process.

The formalisation of the deal comes after the signing of an initial head of terms agreement in June, where GiG offered the use of its platform and sportsbook to the Maryland-facing Crab Sports

The agreement is the first US deal of its kind for GiG since the business’ April acquisition of Sportnco, along with its in-house turnkey sportsbook.

GiG CEO Richard Brown said: “I am excited to be partnering with a localised brand like Crab Sports in Maryland, US. We view the Maryland and the wider US market as a strong opportunity given our expertise in personalisation and building a unique customer experience.”

[Read full story on iGB North America]

September 8, 2022

Fubo Sportsbook goes live in New Jersey

Fubo Gaming has announced the full launch of its online Fubo Sportsbook brand in New Jersey following a soft play phase in line with the state’s Division of Gaming Enforcement regulatory process.

Players across New Jersey will be able to place pre-event and in-play bets on a wide range of sports and competitions, including out-of-state collegiate sporting events.

The online launch was made possible through an agreement with Caesars Entertainment, while Fubo Gaming already had a presence in the state via its agreement with NFL franchise the New York Jets.

Fubo Gaming in 2021 opened a new 7,000sq ft lounge at the Jets’ MetLife Stadium, which is located in New Jersey. Consumers at the facility will now be able to bet on Jets games via their mobile device.

The launch comes ahead of the new NFL season, which kicks off this weekend.

“Launching Fubo Sportsbook in New Jersey is an important early step in the development of our integrated platform, which includes a recently improved user e..

September 8, 2022

AGA expects record 46.6 million Americans to bet on NFL 2022 season

A record 46.6 million American adults are expected to wager on the 2022 NFL season, up 3% on the previous year, according to new research by the American Gaming Association (AGA).

Based on a survey of 2,210 Americans, the AGA forecasted that 18% of the entire US adult population will place at least one bet on the upcoming season, which kicks off on 10 September.

Of those planning to wager, 23 million will bet online, up 18% on the 2021 season, while 10.6 million will place a wager in-person at a retail sportsbook, an increase of 2% on the previous season.

The AGA also noted that as legalisation continues to spread, just 13% of bettors said they will use a bookie, down 2% year-on-year, though bookie usage in states without legalised sports betting will be 50% higher.

“The sustained interest in NFL wagering reflects the growth and continued maturation of legal sports betting across the country,” AGA president and chief executive Bill Miller said. “Consumers clearly want legal sports ..

September 7, 2022

Maryland opens mobile sports betting applications

The Sports Wagering Application Review Commission (SWARC) has officially opened applications for mobile sports betting in the state of Maryland.

The application period opened yesterday (6 September) and will end at 5pm on 21 October. The application fee for mobile licences is $500,000.

SWARC approved a number of draft regulations for mobile sports betting in July. The following month, on 26 August, the regulations were published in the Maryland Register.

Read the full story on iGB North America.

September 7, 2022

Hard Rock continues sportsbook roll-out with Indiana and Tennessee launches

The Hard Rock Digital arm of Hard Rock International has announced the launch of its online sportsbook product in Indiana and Tennessee.

Players in both states can download the Hard Rock Sportsbook mobile app and place bets on a wide range of sports and events.

Hard Rock already had a land-based sports betting presence in Indiana with its Hard Rock Casino Northern Indiana, where it opened a new retail sportsbook facility in May of this year.

The launch of the sportsbook in Tennessee marked Hard Rock’s entrance to the state’s gambling market, though the operator does run three Hard Rock Cafés across the state, while its new Hard Rock Bristol Casino is located over the state line in Virginia.

“We are excited to offer the legendary Hard Rock experience to our mobile sports betting players throughout Indiana and Tennessee,” Hard Rock Digital chief executive and executive managing director Marlon Goldstein said.

“The successful debut of the Mystery Wheel is the latest example of the un..

September 7, 2022

Betegy to ramp up US push following Yolo investment

Betegy has closed an investment round led by Yolo Investments – the venture capital arm of the Yolo Group, which operates the Sportsbet.io brand.

Betegy – which provides data visualisations, automated on-air and retail graphics, and casino marketing assets to operators – intends to use the funds to continue its scaling in the US. The announcement follows a previous funding round led by JKR Investment Group, which was announced in 2020.

iGB spoke to both Betegy founder and chief executive Alex Kornilov, and Yolo Investments founder and GP Tim Heath to discuss the deal and how Betegy plans to further adapt its products for the US market, and the startup funding sector as a whole.

What encouraged you to invest in the business; what do you think that Betegy brings to the market that wasn’t on offer before?

TH: Betegy’s great innovation is to automate the previously time-consuming process of turning reams of data into world-class content. We know the product works because it’s been succ..

September 7, 2022

Swifty Global launches new sports betting and igaming site

Financial and sports betting technology solutions provider Swifty Global has announced the soft launch of its new Swifty Gaming sports betting and online casino website.

Swifty Gaming will allow customers to place pre-event and in-play bets on all major sports events, as well as access more than 200 casino games.

The provider said it expects to onboard a number of premium clients following the launch, adding that the Swifty Gaming site will help generate tens of millions in additional revenue during its first year of operation.

The launch comes after Swifty recently secured new gambling licences in both the UK and Curacao, allowing it to roll out a sports predictions app in the UK and a global digital wallet offering artificial intelligence and cryptocurrency and blockchain transactions.

In addition, Swifty in June announced it had agreed a deal to acquire UK online gambling operator Goldchip Limited. Goldchip has a portfolio of nearly 750 high net worth VIP clients including a num..

September 6, 2022

Arizona betting handle declines again in June

The Arizona Department of Gaming reported a further drop in the state’s sports wagering handle in June, with player spending falling 30.9% month-on-month.

Consumers wagered a total of $318.8m on sports during the month, down from $461.5m in May. Of this amount, $316.0m was spent betting on sports on mobile, with the remaining $2.8m bet at retail sportsbooks.

Players won $306.2m from sports betting in June, which resulted in $15.4m in revenue for licensed operators, down 721% from $55.2m in the previous month.

After accounting for $9.2m worth of free bets and promotional credits, taxable revenue for the month was $7.7m, a drop of 81.4% from $41.4m in May.

FanDuel once again led the way in terms of handle, taking a total of $106.3m in bets, some $104.0m of which were via mobile and $2.3m retail. DraftKings placed second with $92.8m in online bets, then BetMGM with $59.7 worth of online wagers.

Turning to gross revenue and FanDuel also claimed top spot with $7.4m in revenue, ahead of..

September 6, 2022

Sportingtech appoints Tommy Molloy as chief sportsbook officer

Online gaming technology supplier, Sportingtech, has tapped Tommy Molloy to be the business’ new chief sportsbook officer.

Molloy joins the company after a three-year stint as sportsbook and trading director at Pronet Gaming. Before this, he was head of sports trading at Tabcorp UK.

As CSO, Molloy will oversee the business’ sports betting offering, principally working on Sportingtech’s Quantum igaming platform.

Previously known as Pulse Platform, Sportingtech unveiled the rebranded and updated product in July 2021. Among other features, Quantum has a modular design, third-party integrations as well as a content management system.

Molloy’s appointment is the latest in a string of senior leadership changes in the last few months. It follows the nomination of Bobby Longhurst as the business’ new managing director, Colin McDonagh as chief sales officer and Daniel Stone as head of marketing.

In a statement, Sportingtech said that it is counting on Molloy’s expertise in expanding to ne..

September 6, 2022

BHA appoints former Downing Street spokesperson Swift to comms director role

The British Horseracing Authority (BHA) has announced the appointment of Greg Swift, formerly a spokesperson for the prime minister, as its director of communications and corporate affairs.

Scheduled to join the organisation at the end of October, Swift will lead the BHA’s recently restructured Communications and Corporate Affairs department, with Robin Mounsey to serve as interim director prior to his arrival.

The BHA said the new-look department forms part of a wider plan to reform its strategy and structures, with the aim of delivering a more strategic approach to communications and public affairs.

Swift is currently head of news and press secretary to the foreign secretary within the UK government, having previously been head of communications for the Department for Exiting the European Union and the prime minister’s official deputy spokesperson and head of news.

Prior to that, he spent time working in national newspapers, including as assistant editor for the Daily Express.

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