Betting News – Page 139

May 3, 2023

IBIA received 40 suspicious alerts in Q1 2023

The International Betting Integrity Association (IBIA) received 40 suspicious betting alerts across nine sports in the first quarter of 2023.

This was down by 16.6% compared to the alerts IBIA recorded in Q1 2022 and 20% from the previous quarter.

Sport-by-sport, football generated the highest number of alerts at 15, representing 37.5% of the total. Tennis was close behind with 12, representing 30% of the total. Combined, football and tennis made up 67.5% of the alerts in the first quarter.

Table tennis accounted for four of the alerts. Basketball and esports generated two alerts each, while volleyball, boxing and snooker each accounted for one alert.

By continent

A total of 24 alerts took place in Europe. Six took place in Asia, while four took place in Africa. North America and South America accounted for two alerts each.

Two esports alerts were not included in this breakdown as IBIA said it was unclear where the alerts took place.

IBIA noted a particular trend in Spain. Eight..

May 3, 2023

RMG to pay British racecourses £117.6m in rights proceeds

Racecourse Media Group (RMG) has announced it will pay £117.6m (€133.3m/$147.0m) to British racecourses from the sale of their media and data rights in 2022.

Payments were derived from a range of RMG businesses including via betting shops, online bookmaker streams, the Racing TV pay TV channel, international betting, non-betting distribution, the mainstream TV agreement with ITV and data sales.

The payment total represents a 6.9% increase from £110.0m paid out in the previous year.

“The RMG model has once again proved to be resilient and reliable – in the face of significant challenges – producing record results, and performing ahead of expectations,” RMG chairman Roger Lewis said.

“The results are a testimony and tribute to the vision and dedication of those racecourses who came together and stuck together to create, grow and develop the RMG business.”

Lewis will step down from the RMG board this year and will be replaced by former Flutter UK and Ireland chief executive Conor Gra..

May 2, 2023

German regulator classifies DFS as illegal gambling

German regulator Gemeinsamen Glücksspielbehörde der Länder (GGL) has classified “certain forms” of daily fantasy sports (DFS) as illegal gambling in Germany.

The classification occurred after GGL reviewed several forms of DFS, and concluded at a hearing that they could be classified as illegal gambling.

The regulator referred to Germany’s Fourth State Treaty on Gambling, which states that gambling must only be operated with the strict permission of the GGL.

GGL said that a “well-known” DFS provider ceased to operate in Germany after the hearing occured.

Ronald Benter, GGL board member, said that the decision had been made to protect German players from addiction and illegal gambling offerings.

“We find that our decisions are accepted by the providers and implemented promptly,” said Benter. “This protects consumers from illegal offers and the risk of betting and gambling addiction.”

GGL CEO Benjamin Schwanke added that keeping illegal gambling offerings at bay is a joint effort th..

May 2, 2023

Bally’s to outsource tech stack

Land-based and online gaming operator Bally’s Corporation has announced sports betting supplier Kambi and PAM platform solution provider White Hat Gaming will power its sports betting services.

The deal, which consists of both online and land-based offerings, will see the providers supply the technological capabilities for sports betting to the business, as well as support the relaunch of Bally’s online sports betting platform Bally Bet.

The operator said that it expects Bally Bet to roll out across seven states and at four retail gaming locations by the end of 2023. The company further hinted that this may represent only the first stage of a global expansion.

Variable cost structure model

Through these partnerships, Bally’s said it wants to leverage Kambi and White Hat’s “proven” technology integration, licensing across regulated jurisdictions end-to-end, as well as the companies’ track record of executing “quick launches”.

The business said that another factor in why it has chos..

May 2, 2023

RI sports betting revenue up in March despite handle decline

Sports wagering revenue in Rhode Island increased 8.1% year-on-year in March despite the US state reporting a decline in handle.

Players spent $41.5m betting on sports during the month, down 9.4% from $45.8m in March 2022 and also 3.7% lower than the $43.1m wagered in February this year.

Of this total, $30.0m was spent betting online, with the remaining $11.5m wagered at retail facilities at the Twin River and Tiverton Casino locations. Twin River took $6.2m in bets and Tiverton $5.3m.

Read the full story on iGB North America

May 2, 2023

Colorado sports betting revenue up despite handle drop in March

Player spending on sports betting in Colorado declined 2.2% year-on-year in March, although the US state was still able to report an increase in revenue.

Handle for the month amounted to $494.4m, which was down from $505.6m in March 2022 but 16.3% ahead of the $425.1m wagered in February of this year.

Consumers bet $489.9m online during the month, while the remaining $4.5m was wagered at land-based, retail sportsbooks in the state.

Read the full story on iGB North America

April 28, 2023

PointsBet confirms North American sales talks

Australian gaming operator PointsBet confirmed that the business is “currently in discussion with multiple parties” regarding the sale of its North American business.

The company also said that it has terminated previously reported talks to sell its Australian business to the News Corp-backed gaming venture behind the Betr brand. Despite this, PointsBet said it remains in discussion with “other third parties” who have expressed interest in acquiring the business.

“Consistent with commentary previously provided to our investors and the market more generally, PointsBet continues to engage in discussions regarding strategic transactions that offer the potential to add value for our shareholders,” said the company.

pointsbet also confirmed that it had terminated the talks to sell its Australian business to a news Corp-backed venture

Losses mount despite revenue growth

For the three-month period ending 31 March, the business recorded gross gaming revenue of AU$106.6m (£56.4m/€63.9m/US..

April 27, 2023

What’s covered in the Gambling Act white paper?

After years of delays and speculation, the most transformative review of gambling in the United Kingdom in 18 years has finally been published.

The publication of the Gambling Act review white paper signifies a landmark upheaval of how gambling will be regulated in the UK going forward, in an age of smartphones and 24/7 internet access.

To say the review has been much anticipated would be an understatement. Industry trade bodies, operator groups and industry critics alike have waited eagerly for the white paper’s publication.

It has been an eventful two years and four months since the UK government announced the review – one that has encompassed the resignations and appointments of two prime ministers, the declaration of a cost of living crisis and Russia’s invasion of Ukraine.

While the white paper document outlines much of what the industry expected, it contains a few unexpected additions – including the addition of a gambling ombudsman, to give customers one point of contact for..

April 26, 2023

UK Tote Group brings in new senior leadership

UK and Irish pool operator UK Tote Group has hired two new CCOs to support its growth strategy and expand its international and domestic networks.

Jon Knapman joins Tote Group as chief commercial officer of the group’s international B2B business. With its recent expansion into US, South African and Hong Kong markets, the international business has seen substantial growth.

Dave Hammond becomes the chief commercial officer (UK) of the operator’s domestic operation. Hammond brings 25 years of experience in the industry from numerous senior operational roles in companies such as Inspired Gaming, Paddy Power, Betfair and DraftKings.

“As we continue to execute our growth strategy for the business and, following three years of significant expansion within international markets with many more opportunities on the horizon, we now have two extremely strong leaders focussed on driving the commercial performance of our international and UK businesses,” UK Tote Group chief executive Alex Fros..