Sports betting – Page 101

May 4, 2023

Genius strikes deal with Chinese Taipei Football Association

Genius Sports has entered into a long-term data, streaming and integrity partnership with the Chinese Taipei Football Association (CTFA), which is the official data rights holder of Taiwan football.

The partnership will cover the CTFA’s premier competitions, including the Taiwan Football Premier League, the Taiwan Mulan Football League and the Second Division Taiwan Football League.

As part of the partnership Genius will provide its data insights and technology to the CTFA with the aim of bolstering fan experiences. Genius will also help the CTFA to commercialise its sports data and promote their streaming content.

“We’re proud to enter this wide-ranging partnership with the Chinese Taipei Football Association, providing our proven official data, streaming, competition management and integrity solutions,” said Jagdish Singh, head of customer success, APAC at Genius. “Our technology will be central to their strategy to drive new revenues, engage fans and protect their competitions.”
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May 4, 2023

New York greenlights $455m racing Belmont development

On 2 May, New York State lawmakers approved the FY2024 budget, which included funding for a $455m (£362.0m/€412.2m) loan to renovate and upgrade the Belmont Park race track.

Non-for-profit racetrack operator the New York Racing Association (NYRA) is charged with developing the project to build the new thoroughbred racing facility at Belmont Park.

The NYRA said that the “significant” construction development would have no cost to tax payers, due to being funded through loans that the operator is obliged to pay back to the state government.

Belmont Park’s existing grandstand and clubhouse are to be replaced with a new building, designed to “reflect the evolution” of racing and wagering since the site was last redeveloped in 1968.

In keeping with the declining popularity of racing in New York, the new construction is to be smaller, with the current 1.25 million square foot facility set to be replaced with a 275,000 square foot structure.

According to the NYRA, the new building is to..

May 4, 2023

Buying and selling the future of US sports betting

WagerWire is taking the simple concept of buying and selling bets and aiming to disrupt the US sports betting industry. As it looks to do away with transactional sportsbook experiences, and operators buy into the vision, chief experience officer Travis Geiger tells iGB there’s a new breed of executives ready to take charge.

“From the bettor’s point of view, it’s like StockX or Coinbase,” chief experience officer Travis Geiger says of WagerWire’s core proposition. “We want to be your central hub for all things sports betting. We’re not just trying to sign you up; we’re trying to be a part of your betting journey.”

It’s a big claim, but WagerWire is entirely different from any other US sportsbook. It holds affiliate vendor licences in 16 US states as well as Washington DC, Puerto Rico and Ontario. Not to mention affiliate partnerships with some of the biggest names in the industry – but the core product feels unique to that sector as well.

Want to understand WagerWire? Think StockX, ..

May 3, 2023

Delaware sports betting handle continues to decline in March

Player spending on sports wagering in Delaware fell to a seven-month low in March, although the state was able to report an increase in igaming wagers.

Betting handle for the month amounted to $3.5m, which was 32.7% lower than $5.2m in the same month last year and 14.6% behind the $4.1m wagered in February this year. This was also the lowest monthly total since August 2022.

However, sports wagering revenue was $544,385, only marginally lower than $553,465 in March 2022 and 77.6% higher than $306,573 in February.

Read the full story on iGB North America

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 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 25, 2023

Yahoo acquires sports betting app Wagr

Yahoo has announced the acquisition of peer-to-peer sports betting app Wagr, bolstering its fantasy and gaming offerings.

While the terms of the acquisition were not disclosed, Yahoo did make clear that, as part of the deal, Wagr will be fully integrated into Yahoo Sports.

The betting platform has previously attracted a number of high-level investments, including support from Seven Seven Six – spearheaded by Alexis Ohanian, Reddit co-founder – the Kraft Group and the owners of the New England Patriots.

Wagr was also the first social sports betting operator to receive a licence in the United States.

Jim Lanzone, CEO of Yahoo, said that the acquisition represents the future of Yahoo’s gaming products.

“The acquisition of Wagr is an exciting step in the development of the next generation of Yahoo Sports’ gaming portfolio,” said Lanzone.

“Wagr stands out for their innovative emphasis on community and social engagement in sports gaming, which aligns perfectly with the Yahoo award-wi..

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Tag: Sports betting