Daily Archives: October 30, 2024

Sweepstakes aren’t “clear cut” and that’s a problem, AGA executive says

Chris Cylke just wants clarity. As the American Gaming Association (AGA) joined Indian Country in a discussion of how to handle an unregulated, untaxed form of gambling, the key is understanding where it sits in a legal sense, he said.

Cylke, the AGA’s SVP for government relations, joined Indian Gaming Association (IGA) conference chair Victor Rocha and IGA executive director Jason Giles on Wednesday (30 October) in another unique moment in the short history of legal sports betting in the US. Rocha is hosting a five-part educational series on what sweepstakes are and how the regulated industry can fight their proliferation.

“If sweepstakes gaming were as clear cut as those involved with it are saying, we probably would be doing it,” Cylke said AGA members have told him. “But it’s not worth putting (their) gaming licences at risk.”

Yes, sweepstakes have a politics problem

Cylke called the status of sweepstakes “murky.” And Giles said it falls into the category of other currently o..

Read more

Arizona: Sports betting revenue and handle rise in August

Sports betting revenue and handle in Arizona increased year-on-year during August, while the state also saw player spending reach its highest monthly total since May.

Total handle for August hit $496.6 million (£382.8 million/€458.4 million). This is 38.4% ahead of last year and also 21.1% above the amount bet in Arizona in July this year.

Some $473.8 million was spent betting on online, while a further $22.8 million was bet at retail sportsbooks across the state.

Data from the Arizona Department of Gaming (ADoG) also shows adjusted gross revenue for August topped $37.3 million. This beats last year by 17.7% but falls 12.2% short of July.

After deducting $14.9m worth of free bets and promotional credits, adjusted gross revenue (AGR) hit $22.4 million. This surpasses last year’s total by 4.7% but is 22.8% behind July this year.

Online betting accounted for $22.2 million of all AGR after deducting free bets. The remaining $210,108 came from wagering at retail sportsbooks in Arizona…

Read more

Brazil ministry of finance agrees partnerships with match-fixing monitoring bodies

On Tuesday (29 October), Brazil's ministry of finance announced it has agreed to partner with four industry monitoring and integrity organisations to aid the fight against match-fixing.

The Secretariat of Prizes and Bets (SPA), which sits within the ministry of finance, penned Technical Cooperation Agreements (ACTs) with Genius Sports, Sportradar, the International Betting Integrity Association (IBIA) and the Sports Integrity Global Alliance (Siga and Siga Latin America) to counter fears over match-fixing in Brazil.

The partnerships will last for five years, with the collaborations aiming to strengthen the safety network surrounding the manipulation of sports in Brazil. They will consider the bodies’ learnings and experience in more mature markets like England and Australia.

The agreements will also serve to help the SPA gain knowledge of the betting market in Brazil, educating SPA teams on how to monitor the legal sports betting sector, which is set to go live alongside igamin..

Read more

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2024 All rights reserved.