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Tag: Weekend Report

October 28, 2024

Weekend Report: Operators criticised for research tax credits in Australia, McGregor banks €7m in betting winnings

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: Australia treasurer blasts gambling operators over research tax credits, personnel changes at Aristocrat and SkyCity and Connor McGregor banks €7m in betting winnings.

Australia government mulls changes to research tax credits in gambling industry

Firstly this week, the Australian government could change the rules for gambling and betting operators that want to receive government research tax concessions. This comes after it emerged they claimed almost AU$90 million (£45.8 million/€54.9 million/US$59.5 million) in one year.

According to the Guardian, figures from the Australian tax office show four major gambling companies claimed $86.5 million in credits between them in 2021-22. These include Tabcorp, which received $39.5 million, Aristocrat with $22.2 million, Ainsworth Game Technology at $15 million and PointsBet $10 million.

Treasurer Jim Chalmers h..

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October 7, 2024

Weekend Report: Betfred to exit AZ and VA, Canada betting ad bill framework advances, Sorare pleads not guilty

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: Betfred confirms closure dates in Arizona and Virginia; Canada sports betting advertising bill framework advances and Sorare pleads not guilty over unlicensed gambling charges.
Betfred stepping back from sports betting in several states
First, Betfred has confirmed it is exiting two more US states by announcing closure dates for its sports betting services in both Arizona and Virginia.

Betfred will cease online operations in Virginia first, with a date of 21 October confirmed by the bookmaker. This will be followed by a shutdown in Arizona a couple of weeks later on 4 November. Customers in both states will have until 10pm local time in each state to access their account and make withdrawal requests.

This confirmation follows Betfred’s exit from several other US states during recent months. It ceased online and retail operations in Colorado on 31 August, ..

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September 30, 2024

Weekend Report: DraftKings penalty, former deputy PM talks UK election betting, David takes over at Entain

Welcome to the Weekend Report, where iGB looks at the news that you may have missed over Friday, Saturday and Sunday. This week, DraftKings agrees to pay $200,000 over disclosure violations, former British deputy PM speaks to the regulator about election betting probe and Stella David takes the helm at Entain.
DraftKings faces $200,000 penalty
First this week, DraftKings has agreed to pay a $200,000 (£149,251/€178,756) penalty for selectively disclosing certain material non-public information on social media accounts, instead of all investors.

In July last year, DraftKings’ public relations company published posts on LinkedIn and X, formerly Twitter, about “strong growth”. This was despite DraftKings having not released its Q2 2023 financial results. DraftKings asked for the posts to be removed but did not distribute information to investors for another week.

The US Securities and Exchange Commission hit out at DraftKings. It said such information must be made available to all inves..

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September 23, 2024

Weekend Report: Labour MP urges Channel 4 to stop gambling ads, Caesars expands reach in Washington

Welcome to the Weekend Report, where iGB looks at the news that you may have missed over Friday, Saturday and Sunday. This week, a Labour MP urges Channel 4 to lead the way in halting gambling adverts in the UK and Caesars extends its sports betting reach in Washington.
Labour MP calls on Channel 4 to drop gambling adverts
First, Labour MP Alex Sobel has written to UK broadcaster Channel 4 urging it to become the first channel to stop airing gambling adverts. Sobel has targeted Channel 4 as it is in public ownership, allowing it more freedom over such issues.

According to the Independent, Sobel referenced Channel 4 as a broadcaster that challenges “the status quo”. He also said he would be willing to work with Channel 4 on the initiative in the longer term.

“Removing gambling advertising from broadcast and on-demand television would provide another layer of protection for those vulnerable to gambling-related harms, and help [curb] the increase in gambling activity among new demograph..

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September 16, 2024

Weekend Report: Caesars launches retail betting in Maine; talk of Newfoundland casino

Welcome to the Weekend Report, where iGB looks at the news that you may have missed over Friday, Saturday and Sunday. This week, we cover Caesars launching in-person betting in Maine, reports of a new casino in Newfoundland and the start of SkyCity’s temporary closure in Auckland.
Caesars first to launch retail sports betting in Maine
First off, Caesars has become the first to operator to roll out retail sports betting in the state of Maine. The Portland-based Oddfellahs sportsbook officially opened on 13 September and is operating in partnership with First Tracks Investments.

Portland mayor Mark Dion placed the first ceremonial first bet at the site, which features self-service betting kiosks and a ticket window on-site. Cash deposits and withdrawals for Caesars Sportsbook mobile accounts is also available.

Online sports wagering with Caesars has been available in Maine since November of 2023.

Local mayor proposes new casino in Newfoundland
North of the border, reports of a poten..

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August 12, 2024

Weekend Report: Olympics drive betting in France; Hong Kong arrests over mahjong gambling

Welcome to the Weekend Report, where iGB covers the news that you may have missed over Friday, Saturday and Sunday. This week, we look at an Olympic boost for sports betting in France and the arrest of elderly residents in Hong Kong for mahjong gambling.
Going for gold: France Olympics betting set to triple
French regulator l’Autorité Nationale des Jeux (ANJ) has estimated that players in the country will have bet approximately €360m (£308m/$393m) by the end of this summer’s Olympics in Paris.

The games concluded yesterday (11 August) after two weeks, with estimates suggesting the total bet could triple what was wagered on the last games in Tokyo, Japan.

Week one of the games alone drew around €125m in bets. Tennis was most popular with French players, while football, rugby, handball, basketball and swimming also performed well.

Florida man sues Hard Rock over betting promotion
Heading stateside, one Florida man is suing the Seminole tribe and Hard Rock over a sports betting promo..

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