Betting News – Page 133

June 2, 2023

Administrator appointed as Tipster insolvency ramps up

Insolvency proceedings at Tipster Ltd are progressing with the appointment of lawyer Dr Jörg Gollnick as the troubled operator's provisional insolvency administrator.

Gollnick works at Cologne law firm Heidland Werres Diederichs Rechtsanwälte. He is also the provisional insolvency administrator for Tipster Service GmbH, a company that is part of the Tipster group.

Gollnick said that the restructuring hinges on the sports betting operator’s value.

“With the insolvency application for Tipster Ltd in Germany, the course has been set for the restructuring of the entire Tipster group of companies,” said Gollnick. “The group is very valuable: the annual turnover of Tipster Ltd alone was more than €250m.”

“We have set up a structured investor process in order to use a strong partner to support the business operations for the Tipster Group including its franchisees in the long term.”

Alleged Tipster raid

In April, raids took place in North Rhine-Westphalia, Bremen, Berlin, Saxony an..

June 1, 2023

North Carolina edges closer to legalising sports betting

North Carolina has moved closer to legalising sports betting, after a bill that would do so was voted through by its state senate.

House Bill 347 was introduced on 13 March. It passed North Carolina’s House of Representatives on 30 March before being moved to the senate, where it passed on its second reading.

If passed into law, the bill would allow bets to be placed on sports and horse racing in North Carolina.

Read the full story on iGB North America

June 1, 2023

Nevada gambling revenue edges up year-on-year in April

Gambling revenue in Nevada increased 2.7% year-on-year in April to $1.16bn, but the state also reported an 11.5% month-on-month decline.

Revenue was higher than $1.13bn in April 2022 but down from the $1.31bn posted in March of this year.

Slots were again by far the primary source of revenue for the state, generating $837.9m for the month, up 4.2% year-on-year. This included $464.5m from multi-denomination slots and $275.9m from penny slot games.

However, revenue from table, counter and card games, including sports betting activity, fell 0.8% to $321.8m.

Read the full story on iGB North America

June 1, 2023

France to impose role model ban

French gambling regulator Autorité Nationale des Jeux (ANJ) has said that it will prohibit the use of an athlete’s image in gambling communications.

ANJ released a number of new gambling sponsorship regulations for sports teams and non-binding recommendations for French gambling sponsorships to “strengthen the regulation of these commercial practices”, which includes a role model ban.

The new rules are the result of a gambling sponsorship working group launched in summer 2022.

France role model ban

Among the proposals is new regulation that prohibits the use of role models in gambling marketing communication. In order to assess whether an athlete could appeal to minors ANJ is to rely on a number of measures.

the regulations prevent the use of athletes in commercial communications

These are to include how favourably children might view the individual, as well as the audience makeup of an athlete on social media.

ANJ said that if 13-17-year-olds make up 16% of the audience, it wil..

June 1, 2023

Rivalry launches mobile sports betting in Ontario

Rivalry has expanded its operations in Ontario with the launch of its mobile sports betting app in the Canadian province.

The app will allow customers to wager on a range of traditional sports events and esports contests.

Betting options available to players include football, soccer and basketball events, as well as esports competitions based on games such as CS:GO, League of Legends and Dota 2.

Rivalry has been active in Ontario for some time having secured a licence in the province in April of last year.

Read the full story on iGB North America

May 31, 2023

BettorEdge pens deal with Betting Ladies

Sports betting exchange and social media platform BettorEdge announced that it has signed a content distribution deal with female-orientated affiliate Betting Ladies.

Under the terms of the deal, Betting Ladies will provide the BettorEdge community with access to the business’ suite of training videos, tips and content.

BettorEdge’s users will be able to follow Betting Ladies directly on the platform to receive content and picks from the affiliate’s Lady Locks series. The businesses noted that a transparent betting exchange shows a user’s betting history to support risk management.

Betting Ladies founder Val Martinez said that her organisation provides a community for women bettors to discuss sports and sports betting. She described BettorEdge as a “great extension” of that community.

“The future of sports betting is enabling communities to connect and learn from each other’s experiences to make more educated decisions,” said Martinez.

“Through this partnership, we’re placing Bet..

May 31, 2023

RI sports betting handle slips to eight-month low in April

Player spending on sports betting in Rhode Island fell to an eight-month low in April, but the state was still able to report a year-on-year increase in revenue.

Handle for the month amounted to $37.5m, down 6.7% from $40.2m in April 2022, and also 9.6% lower than the $41.5m wagered in March this year.

Of this total $27.5m was spent betting online, while the remaining $10.0m was wagered at retail sportsbooks. This included $5.8m at Twin River casino’s sportsbook and $4.2m at the Tiverton Casino.

Revenue for the month reached $3.0m, which was 25.0% ahead of $2.4m in April last year but 25.0% lower than $4.0m in March 2023.

Read the full story on iGB North America

May 31, 2023

FL highlights “solid” Betclic growth in stable Q1

FL Entertainment highlighted the “solid” 16% revenue growth of its gaming subsidiary Betclic in a stable Q1.

Overall FL’s online sports betting and gaming revenue rose to €244m in Q1, up 14.5% from the previous year.

Chief executive François Riahi said the business’ betting and gaming divisions continued to “perform well” during the quarter. He added that the business was carried by the positive impacts of the 2022 Fifa World Cup “which resulted in double-digit revenue growth across all activities”, he said.

the business said it was “carried” by the positive impact of the world cup

The company also pointed to the high level of new active players, which increased 55% year-on-year. FL said that this resulted from the football tournament, as well as “successful cross selling strategies” across the business’ other products.

FL Q1 segment growth

All of the verticals experienced growth during the period. The company’s sportsbook revenue rose 11.3% to €194.8. Casino increased 31.6% to ..

May 30, 2023

SiS extends German Tote content deal

Sports Information Services (SIS) has enhanced its international content offering by striking a new long-term deal with the German Tote.

SiS said the extension with Germany’s leading horse racing betting broker provides it with continued access to premium content from across retail and online channels.

Major German races, including Hamburg’s famous Deutsches Derby, will be made available to SiS’ partners worldwide.

Conall McSorley, SiS’ head of international horse racing, said: “We have established a strong relationship with the German Tote and we are delighted to extend our partnership over the long-term.

“Our racing portfolio is of the highest quality and we believe that our customers will enjoy the top-quality action we can continue to provide them with from Germany.”

The extension with German Tote adds to SiS’ content from over 170 racecourses and tracks from five continents, including meetings from Europe, Africa, Latin America and the US.

Riko Luiking, managing director at..