April 30, 2024 – Bookielink

April 30, 2024

Missouri lawmaker trying again to marry VLTs and wagering gets plenty of pushback

A Missouri hearing with no vote on Tuesday (30 April) again revealed opposition to marrying legal video lottery terminals with sports betting. This time around, it wasn't Senator Denny Hoskins carrying the bill, but House Minority Leader Crystal Quade.

HB 2835 likely won’t get far. Assigned last week to the special committee on innovation and technology, the bill got its first hearing with opposition from casinos, a convenience store association and the home docks, or locations where gambling boats sit .

There were also references that the senate has plans to adjourn early. One lawmaker suggested it may adjourn on Tuesday. If that happens, current bills would stall and lawmakers would have to wait to see if there will be a special session. The senate has not yet approved a budget.

Quade’s bill would allow for statewide mobile wagering and renames and defines video lottery terminals as “mechanical amusement machines”. The machines currently operate in a grey market. They are ..

April 30, 2024

Minnesota wagering bill moves, but unlikely to get out of legislature

The Minnesota house taxes committee moved forward a legal sports betting bill today (30 April) with the belief that it won't get to the governor's desk. The committee voted, 12-9, to send an amended version of HF 2000 to the ways and means committee with about three weeks remaining in the session.

The wagering bill moves forward against an unusual backdrop. Last week Democratic State Senator Nicole Mitchell was arrested on burglary charges. The senate has taken away her committee and voting privileges. The Democrats had a one-vote majority in the senate prior to the arrest. Now, any bill will require bi-partisan support.

“With the nonsense bordering on criminal in the senate, I don’t think this bill will get out of the legislature,” Representative Bjorn Olson said.

The bill would allow for statewide mobile wagering with platforms tethered to tribes. It would give the tribes exclusivity and earmark $625,000 for the state’s horse tracks.

Several committee members suggest..

April 30, 2024

BetMGM to launch in the Netherlands following UK success

Following its UK success, MGM Resorts has announced the launch of its BetMGM brand in the Netherlands, making it BetMGM's second European market.

The move marks a continued international expansion strategy for BetMGM, as outlined by owner MGM Resorts.

Utilising LeoVegas Group’s proprietary technology and and platform, the launch represents the second in Europe following the UK last year. LeoVegas was acquired by MGM Resorts in 2022 for $604m.

BetMGM’s new Netherlands offering is expected to mirror that of its UK offering, with a host of new features for players, such as frequent jackpots and loyalty rewards. Players can also avail themselves of new sports promotions and exclusive slots.

Latest international move for BetMGM by MGM Resorts

Gary Fritz, president of MGM Resorts International Interactive, sees the move as a key part of its international expansion.

“We are thrilled to launch BetMGM in the Netherlands and build on BetMGM’s successful expansion into global marke..

April 30, 2024

Arizona sports betting handle reaches $637.5m in February

Consumer spending on sports betting in Arizona amounted to $637.5m (£508.4m/€595.6m) in February, up 4.6% year-on-year, while gross revenue also hiked 55.9%.

Handle for February was some way clear of the $609.3m bet in the same month last year. However, it was 9.8% behind the $706.4m wagered in Arizona in January of this year.

Of the total spent during the month, $631.2m was bet online and $4.6m at retail sportsbook facilities across Arizona. An additional $1.6m was spent betting with limited event wagering (LEW) operators.

Turning to revenue, gross event wagering revenue for the month amounted to $53.0m. This was up from $34.0m in February 2023 but 23.5% short of January’s $69.3m record.

Online betting accounted for $52.7m of gross revenue, retail wagering $290,523 and LEW operators just $64,746.

Adjusted gross revenue tops $28.0m in February

In terms of adjusted figures for the month, these are reported after accounting for free bets and promotions.

Operators handed out $25.1..

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Daily Archives: April 30, 2024