Online gambling solutions provider GAN has announced the launch of its Coolbet brand in the Mexican market.
Operating in collaboration with a locally licensed partner, the brand went live earlier this week and has been customised to offer localised betting options to players in the country.
Mexican consumers can wager on events such as the 2023 Mexico Open, MLB Mèxico, Copa Libertadores, Copa Sudamericana, Recopa Sudamericana and Formula 1 motor racing.
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Gambling revenue in New Jersey reached a joint-record $5.21bn in 2022, despite a decline in sports betting revenue.
Revenue was 10.0% higher than $4.74bn during the 2021 calendar year and on par with the record amount posted in 2006.
Land-based casino revenue accounted for $2.79bn of the total, up 9.0% on 2021 with slots revenue rising 9.0% to $2.04bn and table games revenue increasing 9.1% to $741.7m.
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The special guests keep coming on the World Series of Politics, with GeoComply’s Linsday Slader joining Brendan Bussmann and Brandt Iden to discuss Ohio’s sports betting launch. Also under discussion are Brazil, Macau and the US legislative session.
The geolocation specialist’s managing director of gaming says Ohio’s sports betting launch was one of the biggest market openings in the US to date.
Over the New Year weekend alone, GeoComply recorded more than 11.3 million geolocation transactions, and Slader says around 1.2 million accounts were set up in the first week of activity.
This episode also marks the World Series of Politics’ debut on Spotify! You can also listen on Apple Podcasts, and directly from this page.
Ohio betting flies out the blocks
There’s also a wider range of betting options than ever before, with 1,000 kiosks rolled out across Ohio, and it’s going to be interesting to see how this works in tandem with a widespread mobile offering. If it keeps up its early ..
Sports betting operator PointsBet has extended its reach in Illinois with the launch of a new retail sportsbook in the Villa Park area of Chicago.
Located inside the Crazy Pour Sports Bar at Club Hawthorne, the facility is PointsBet’s fourth retail location in the state and will be operated through its partnership with Hawthorne Race Course.
Customers can place cash wagers directly with cashiers at three betting windows or at eight self-service kiosks, while visitors will also have access to Crazy Pour’s full-service beverage and dining options.
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The Delaware Lottery reported year-on-year increases in both sports betting and igaming revenue in December.
Online gambling revenue during the month amounted to $1.2m, up 56.4% from $751,291 in December of 2021 and also 19.0% up from $987,423 in November 2022.
Some $890,894 of revenue in December was attributed to video lottery games, $243,899 to table games and the remaining $80,007 to poker rake and fees.
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A bill that would amend the North Dakota constitution to potentially introduce online sports betting has been passed by the state's House and will now be considered by its Senate.
Entitled House Concurrent Resolution No. 3002, the bill outlines an amendment to section 25 of article 11 of North Dakota’s Constitution.
The amendment would allow sports betting to be permitted by, and regulated by, the state of North Dakota.
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Influencer Jake Paul’s microbetting start-up Betr will now begin accepting real-money deposits and withdrawals in Ohio, after a “soft launch” on 1 January.
In August 2022, Paul – alongside SimpleBet founder and CEO Joey Levy – launched Betr, a microbetting offering, designed at allowing players to place bets on fast-resolving markets. Paul is president of Betr, while Levy acts as CEO.
This was followed by the September launch of Betr’s mobile app, which nationwide launched on a free-to-play basis ahead of a real money offering.
The application has a reworked interface that simplifies betting UI by presenting the bet as a multiple choice question, as well as displaying odds as payout multiples.
betr allows users to place same game parlays on sports games
Betr entered Ohio through a 10-year market access agreement with Hall of Fame Resort & Entertainment Company.
State-by-state expansion
Levy said he was “thrilled” to be launching Betr’s real-money betting business in Ohio. “Thi..
Henrik Tjärnström, CEO of Kindred, has said that “no item is sacred” in terms of cutting costs on an earnings call addressing Kindred’s Q4 trading update released earlier today (13 January).
Although Kindred’s Q4 revenue is projected to rise 24.5% year-on-year to £305.0m (€343.1m/$372.2m), Kindred said this was not up to expectations and vowed to take “immediate action”.
Addressing this, Tjärnström said that Kindred would review all areas of cost in order to improve spending for 2023, adding that no cost-cutting is off the table.
“We are looking to review all cost items for efficiency purposes and refreshing our channels for spending in 2023,” he said. “We cannot comment on the overall number at this point.
“But we’re clearly looking across the P&L [profit and loss], and no item is sacred in that sense.”
He said this was due to how vastly the Q4 revenue is set to depart from Kindred’s, and the market’s, expectations.
“We take this very seriously, and the deviation that we see fro..
The Massachusetts Gaming Commission (MGC) has voted to approve sports apparel giant Fanatics for a temporary sports betting operator licence, while the regulator also appointed Bruce Band to lead its new sports betting division.
Commissioners voted unanimously to approve Fanatics for a Category 3 sports betting operator licence, which will be tethered to Plainridge Park Casino’s Category 1 sports wagering licence.
However, Fanatics will need to undergo a full suitability review by the MGC’s Investigations and Enforcement Bureau. After this, Fanatics will also need to obtain an operations certificate and meet additional conditions to begin accepting sports wagers.
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