Category Archives: Sports Betting

BGC ices gambling talk on football social media sites


The UK Betting and Gaming Council (BGC) is asking football clubs to refrain from discussing and promoting gambling on their social media sites in as part of an effort to avoid triggering problem gamblers. It’s move that may seem extreme to the layman, but will likely help keep UK gambling operators a step ahead of UK gambling regulators.
Guidelines for how football clubs should handle discussions of gambling were sent out by the BGC late last week and utilize a plea from 50 former gambling addicts to make the case. They pointed out that seeing their favorite club site promoting gambling caused them “distress” and “encouraged” them to place wagers.
As an effort to avoid these triggering moments, the BGC is recommending that football clubs refrain from promoting gambling operators or bonus offers and their “organic tweets”. This is a nod to the reality that gambling offers are ubiquitous on social media and that no one is really more than a click or two away from them on the internet anyways.
BGC officials sent a letter detailing the new code of conduct to 11 football clubs, as well as to social media operators.
In a statement reported on by SBC News, Brigid Simmonds OBE, Chairman of the BGC described the importance of the new standards saying, “Our members rightly have a zero tolerance approach to gambling by under-18s, so as an industry we are understandably concerned that children may be exposed to betting adverts on social media platforms. Our new guidelines make clear the standards expected of football clubs when they post gambling promotions on social media, and I look forward to them being put into practice as soon as possible.”
The BGC guidelines are not legally binding, but members of the BGC who wish to remain in good standing are expected to abide by them.
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Posted in Online Casino News, Sports Betting, UK Gambling News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Addabbo Confident New York Mobile Sports Betting Can Launch This Year


Posted on: February 15, 2021, 10:16h. 
Last updated on: February 15, 2021, 10:32h.

Steve Bittenbender

Read MoreNew York state Sen. Joseph Addabbo, Jr. (D-Queens), the lawmaker spearheading the push for the Empire State to embrace mobile sports betting, doesn’t just believe the state legislature will pass a bill soon to expand sports betting in the state.
New York state Sen. Joseph Addabbo Jr. takes part in a swearing-in ceremony for his seventh term last month. Addabbo is a leading lawmaker pushing to legalize mobile sports betting in the state. (Image: NYSenate.gov)He also believes the first bets could take place later this year.“I remain optimistic that should it be in the budget April 1st, with a little initiative, our state government can get it up and running by Sept. 9th, which is the first day of the NFL football season,” Addabbo told Casino.org in an interview.It’s been nearly three years since the US Supreme Court opened the door for sports betting nationwide. New York did take advantage and approve retail licenses for its four upstate casino resorts. In addition, Class III tribal casinos are also allowed to offer sportsbooks on their properties.However, analysts and observers point out that New York misses out on a significant revenue stream since it does not allow mobile applications.For example: According to the New York State Gaming Commission, the four retail sportsbooks in the state generated revenue totaling nearly $3.6 million in January. Over the same month, Indiana – a state with roughly a third of New York’s population – saw its mobile and retail operators earn $29.3 million in taxable revenue.The senator said New York usually leads the way when it comes to state policy.“We’re that car in the right lane with four wobbly wheels, and we’re limping along,” Addabbo said. “And these other fast cars like (New) Jersey and Pennsylvania are whizzing by us. That’s an odd spot for New York to be in.”Sports Betting Part of NY Budget TalksA recent study by Spectrum Gaming estimated that mobile sports betting could generate more than $1 billion in gross revenue for New York operators. If the state sets the tax rate at 10 percent, that would mean more than $100 million in annual revenue.Addabbo’s bill, Senate Bill S1183, as well as legislation sponsored by state Assemblyman Gary Pretlow (D-Mount Vernon), sets the rate an 8.5 percent. However, that rate, like other portions of the bill are open to negotiation, the senator said.The senator also noted that the original sports betting bill he filed a couple of years ago gave each casino one skin. Now, the bill offers them two, which means a potential of 14 skins, or mobile operators, for the state once the three downstate casinos are awarded.I think that’s all part of the budget negotiations,” Addabbo told Casino.org. “How many skins and the license fee and the tax rate that is all part and parcel of the budget negotiations. It’s all part of the discussions that we’re going to have, and that’s where we’ll have to come to some agreement.”Still, time is of the essence.April 1, the start of New York’s budget year, is just 45 days away as of Monday. While that’s six and a half weeks, as Gov. Andrew Cuomo told reporters Monday, “in government, 45 days is a blink of an eye.”Addabbo Concerned State-Run System Can’t Meet DemandThe good news is that Cuomo is on board with expanding sports betting in the state to include online applications. The bad news is, his vision for sports betting varies significantly from that of Addabbo and Pretlow. Those lawmakers chair the gaming committees in the respective chambers.Both lawmakers’ bills call for New York to operate sports betting like New Jersey, Pennsylvania, and Indiana. Each of the state’s casinos currently would get the chance to partner with two mobile operators.Cuomo, though, wants the state to be in more control. He wants a system more like the lottery allowing the state to derive more of the revenue. That approach resembles what Rhode Island, Montana, New Hampshire, Delaware, and Oregon have implemented.As Addabbo indicated, though, those states combined have a smaller population than New York.“I’m concerned about New York having a product that can handle the volume and the growing, expanding the market,” Addabbo told Casino.org.He also noted that Oregon leaders are already having second thoughts about their lottery-managed sports betting product.Just last month, Gov. Kate Brown requested that the state’s legislature take up a bill allowing the Oregon Racing Commission to regulate sports betting and grant licenses.“So, if it’s not good enough for Oregon, I don’t think it should be good enough for New York,” Addabbo said.

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Posted in Financial, Politics, Sports Betting | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Indiana regulated sports betting off to hot 2021 start


There’s no question that regulated sports betting has been a massive hit in the United States. Every month there’s at least one state that shatters its previous record handle and January 2020 was no exception. With a $384.2 million handle, Indiana broke its previous wagering record of $313.1 million that was set way back in December, 2020. And with the Hoosier State’s love of basketball, bigger numbers could yet be in its future.
January 2020 was a record month in Indiana, but nearly every month of regulated sports betting in the state has earned that accolade. This was actually the fifth consecutive record breaking handle for Indiana’s regulated operators and the good news is likely to keep coming.
There is certainly good news in the January numbers for Indiana state coffers. That $384.2 million translates into about $29.3 million in revenue for the state’s combined sportsbooks. Of that number, approximately $2.8 million will be scooped up by tax collectors.
So how fast has Hoosier sports betting been growing? By way of comparison, January 2020′s handle was a mere $171 million.
Like most newly opened US sports betting markets, Indiana’s bettors are mostly playing off of mobile apps. The biggest operators (from top to bottom) were DraftKings ($122.6 million); FanDuel ($89.2 million); BetMGM ($52.4 million); PointsBet ($13 million); BetRivers ($9 million).
Unlike most of the rest of the United States, Indiana bettors did not favor NFL wagers above all else. In the land depicted in the motion picture Hoosiers, basketball topped the board with $133 million in wagers. NFL football only brought in $77 million, according to a report on LegalSportsReport.com.
And with college hoops entering into its busiest months, Indiana operators are certain to break more records before the winter is done.
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Posted in Online Casino News, Sports Betting, US gambling news | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Score Media to Reverse Split Stock, Hoping to Land Major US Exchange Listing


Posted on: February 12, 2021, 07:55h. 
Last updated on: February 12, 2021, 10:17h.
Score Media and Gaming Inc. (OTC:TSCRF), the Canadian sports wagering company also known as theScore, will reverse split its stock. The goal is gaining access to a major US bourse, such as Nasdaq or the New York Stock Exchange (NYSE).
Score Media CEO John Levy gives a presentation above. The company is reverse splitting its stock in hopes of landing a US listing. (Image: The Globe and Mail)Currently, theScore’s US-listed shares trade over-the-counter. That’s not necessarily a blemish, as it’s a strategy used by an array of foreign companies — including some well-known gaming operators. It’s a cost-effective avenue for bringing stock to the world’s largest economy, but it lacks the cache of a major exchange listing.At a meeting earlier this week, Score Media’s board approved a 1-for-10 reverse split, meaning investors will receive one new share for every 10 currently held. As a result of the move, the price of the stock will rise, but the value of investors’ stakes and the operator’s market capitalization will not change.The consolidation has taken effect on February 11, 2021, and the Class A Shares are expected to commence trading on the Toronto Stock Exchange on a post-consolidation basis beginning at the open of markets on February 18, 2021,” according to a statement issued by the company.Prior to the equity consolidation, there were 434,425,695 Class A and 5,566 voting shares outstanding. Those figures will be 43,442,568 and 557, respectively, as a result of the reverse split.theScore Stock Eyes the Big LeaguesLast September, Score Media announced the move of its equity from the Toronto Venture Exchange to the Toronto Stock Exchange (TSE), sparking a rally in the shares while signaling the operator’s US ambitions.Should the company prove successful in moving theScore stock to a major exchange, the potential audience among institutional investors would grow in exponential fashion. In the US, many fund managers are can’t buy equities not trading on a well-known bourse or those trading below $5 a share — two boxes Score Media currently checks. Although the shares tripled over the past six months, the sports betting name trades below $4 in the US.Another benefit of obtaining a Nasdaq or NYSE listing is that it increases a company’s access to capital. Banks are more apt to lend to companies with well-known exchange listings, and it’s easier for those firms to use stock as currency when needed.Time Is RightScore’s efforts to get in front of more US investors come at a time of rapid expansion in this sports wagering market — one in which the company’s ScoreBet mobile app is already live in Colorado, Indiana, and New Jersey.“We believe a US listing would benefit our business and shareholders as we seek to further execute on the growing opportunity in the rapidly developing North American sports betting market,” said founder and CEO John Levy in the statement.Should theScore stock land on a US equity board, it would also help the company procure financing, if needed, for expansion in its home market of Canada. Analysts believe the operator would be one of the biggest beneficiaries of the country scrapping its ban on single-game sports wagers.

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Posted in Financial, Sports Betting | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

5Dimes, Prepping for Legal Launch, Gets Gaming License in Isle of Man


Posted on: February 11, 2021, 09:33h. 
Last updated on: February 11, 2021, 10:05h.

Steve Bittenbender

Read More5Dimes has taken another step toward legitimacy, announcing it has been licensed in the Isle of Man. The move comes four months after reaching a deal with the US Department of Justice to stop servicing American clients as an illegal offshore sportsbook.
5Dimes Board Member Laura Varela, who announced Wednesday the online gaming company received a gaming license from the Ilse of Man. (Image: LauraVarelaFallas.com)The self-governing British Crown dependency approved the Costa Rican-based online gaming company earlier this month. A 5Dimes press release said the move enables it to develop “a comprehensive international operation” that does not include the US.Being licensed and located in the Isle of Man means it will be able to offer legal gaming activities in numerous jurisdictions.The company will establish a management team and an administrative office on the island, located between Scotland and Ireland.The Isle of Man sets high standards for its gaming operators and players, and we look forward to upholding the same level of principles and innovation with the launch of 5Dimes,” said Laura Varela, a 5Dimes board member, in a release.Varela is the widow of 5Dimes founder William Sean “Tony” Creighton. She is also the CEO of the Varela Group, which oversees four other companies and 5Dimes. Between the companies, the Varela Group employs more than 300 workers.Legal US Sportsbook Still in PlansWhile the Isle of Man development won’t help 5Dimes in the US, the company is reportedly working to get in the States legally.In October, a month after the Justice Department settlement, Varela told the Philadelphia Inquirer that 5Dimes has applied for a New Jersey gaming license.In the settlement, 5Dimes and Varela agreed to relinquish property and money totaling more than $46.8 million to settle a four-year federal investigation. The deal means federal authorities will not seek charges on wire fraud, money laundering, or transmission of gambling data. However, it is possible the company could still face charges on tax violations.Varela, the company said, took the initiative to contact federal authorities and identified the criminal assets within the company.After the settlement, the company revealed its plans to become a legitimate sportsbook in the US. That included filing articles of incorporation in Delaware.As a result, 5Dimes also agreed to stop accepting wagers from US bettors until it was licensed by a state. That took place about a week prior to the DOJ agreement becoming public. Bettors who did not request to cash out their balances by Sept. 25, 2020, now must go to PlayerRefund.com, a third-party site, to get their funds by Sept. 30, 2021.5Dimes Eager to See ‘Loyal Customers’ ReturnThe company said it plans to offer an e-gaming product that caters to both the small wager casual bettor and those who play on a larger scale.“We are excited to welcome back many of our loyal customers to our top-of-the-line gaming experience while keeping our eyes set on future expansion opportunities in additional legal and regulated markets in the near future,” Varela said.That might not necessarily happen, as many customers were upset with how the US shutdown and payout process was handled.

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ผู้ว่าการรัฐคอนเนตทิคัต Ned Lamont สนับสนุนการพนันกีฬา iGaming


เผยแพร่เมื่อ: กุมภาพันธ์ 11, 2021, 12:41 น. Last updated: February 11, 2021, 12:42 pm. Ned Lamont (D) ผู้ว่าการรัฐคอนเนตทิคัตเปิดเผยเมื่อคืนที่ผ่านมาในสุนทรพจน์งบประมาณทุกสองปีของเขาว่าฝ่ายบริหารของเขากำลังเจรจาอย่างแข็งขันกับชนเผ่า Mashantucket Pequot และ Mohegan เพื่อให้การพนันกีฬาและเกมทางอินเทอร์เน็ตถูกกฎหมาย ผู้ว่าการ Ned Lamont ซึ่งเห็นที่นี่เมื่อปีที่แล้วในสหราชอาณาจักร Ct. ในคลังสินค้าพร้อมอุปกรณ์ป้องกันส่วนบุคคลกล่าวว่ารัฐควรต้อนรับการพนันกีฬาและการพนันออนไลน์ ขณะนี้ผู้ว่าการรัฐกำลังหารือเกี่ยวกับการพนันประเภทนี้กับสองเผ่าที่ได้รับการยอมรับจากรัฐบาลกลาง (ภาพ: AP) ชนเผ่า Mashantucket Pequot และชนเผ่า Mohegan มีการผูกขาดการพนันในคาสิโนคอนเนตทิคัต ชนเผ่าเป็นเจ้าของและดำเนินการ Foxwoods และ Mohegan Sun ตามลำดับภายใต้ข้อตกลงการพนันระดับ III กับรัฐคาสิโนของชนเผ่าจะส่งเงินรางวัล 25% จากเครื่องสล็อตไปยังเมืองหลวงของฮาร์ตฟอร์ด รายได้ภาษีเหล่านี้ลดลงอย่างต่อเนื่องในช่วงทศวรรษที่ผ่านมา ส่วนแบ่งสล็อต 25% ในปี 2549 อยู่ที่ 433.6 ล้านดอลลาร์ ปีที่แล้วมีมูลค่ารวม 164.2 ล้านเหรียญสหรัฐ ก่อนที่จะมีการระบาดใหญ่ของ COVID-19 รัฐได้รับเงิน 254.5 ล้านดอลลาร์จากเครื่องสล็อตชนเผ่าในปี 2562 ด้วยเศรษฐกิจของคอนเนตทิคัตที่เติบโตอย่างรวดเร็วจากไวรัสโคโรนาและรายได้จากภาษีที่ลดลง Lamont กำลังมองหาช่องทางรายได้ใหม่ และการพนันกีฬาและ iGaming เป็นสิ่งที่น่าดึงดูดในสายตาของผู้ว่าการภาคแรก การเจรจาของชนเผ่าในเย็นวันพุธ Lamont บอกกับสภานิติบัญญัติของรัฐว่าคอนเนตทิคัตควรทำให้การพนันกีฬาและคาสิโนออนไลน์ถูกต้องตามกฎหมายด้วยเครื่องสล็อตแบบโต้ตอบและเกมบนโต๊ะ “รัฐใกล้เคียงของเรากำลังก้าวไปข้างหน้าด้วยการพนันกีฬาและ iGaming และคอนเนตทิคัตไม่ควรปล่อยโอกาสเหล่านี้ให้รัฐอื่นได้รับประโยชน์จากการที่เราเฉย” Lamont กล่าวในสุนทรพจน์ “Connecticut’s Comeback” ฝ่ายบริหารของฉันได้เข้าสู่การเจรจาอย่างแข็งขันกับพันธมิตรของชนเผ่าของเราเพื่อนำเศรษฐกิจการเล่นเกมของรัฐเข้าสู่ยุคดิจิทัล และฉันกำลังดำเนินการออกกฎหมายที่สะท้อนให้เห็นถึงสิ่งที่ฉันเชื่อว่าเป็นทางออกที่ดีที่สุดในการยุติการหยุดชะงักของการเฉื่อยชานี้ด้วยวิธีที่เป็นผลประโยชน์สูงสุดของทั้งรัฐ “ผู้ว่าการ Hartford Courant รายงานว่า Lamont และทั้งสอง ชนเผ่าใกล้บรรลุข้อตกลงที่จะอนุญาตให้ Foxwoods และ Mohegan Sun ดำเนินเกมออนไลน์และจัดการการพนันกีฬาค้าปลีกและมือถือผู้บริหารของ Lamont เปิดเผยว่าคาดว่ารัฐจะได้รับเงินมากกว่า 47 ล้านเหรียญเพียงอย่างเดียวในปีที่สองที่รัฐมีกีฬาที่ถูกกฎหมาย การพนันและเกมออนไลน์ Sports Betting การเจรจาสิทธิของ iGaming ระหว่างชนเผ่าและ Lamont ได้รับการกล่าวถึงว่าจะเน้นไปที่ว่าชาวอเมริกันพื้นเมืองจะได้รับความพิเศษในการพนันหรือไม่ข้อตกลงการพนันของชนเผ่ากำหนดว่าข้อกำหนดโควต้าสล็อต 25% ของพวกเขาจะถูกปฏิเสธหากการพนันเชิงพาณิชย์ที่ได้รับอนุญาต . เผ่าก็น่าจะอยู่ต่อไป เป็นพันธมิตรกับผู้ให้บริการการพนันออนไลน์ที่มีประสบการณ์หากพวกเขาได้รับการพนันกีฬาและสิทธิพิเศษของคาสิโนออนไลน์ Foxwoods ได้ทำไปแล้วโดยประกาศข้อตกลงกับ DraftKings เมื่อเดือนธันวาคมปีที่แล้ว คอนเนตทิคัตอยู่ในอันดับที่ 29 ของประชากร แต่ถึงแม้จะมีประชากรจำนวนน้อย แต่รายได้เฉลี่ยของครัวเรือนในคอนเนตทิคัตอยู่ที่ 78,833 ดอลลาร์ในปี 2562 ซึ่งเป็นตัวเลขล่าสุดที่จัดทำโดยสำนักสำรวจสำมะโนประชากรของสหรัฐอเมริกา ซึ่งอยู่ในอันดับที่ 5 ของประเทศรองจากแมริแลนด์นิวเจอร์ซีย์ฮาวายและแมสซาชูเซตส์ ข้อดีอีกประการหนึ่งคือเพื่อนบ้านของคอนเนตทิคัตในปัจจุบันไม่มีเกมออนไลน์ที่ถูกกฎหมาย การพนันกีฬาเป็นสิ่งที่ถูกกฎหมายและเปิดดำเนินการในโรดไอแลนด์และนิวยอร์ก

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Posted in Internet Gaming, Sports Betting | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

5imes เข้าสู่ตลาดที่มีการควบคุมด้วยใบอนุญาตการเล่นเกมของ Isle of Man


เป็นเวลานานแล้วที่ 5Dimes.com เป็นเรื่องราวนอกกฎหมายอินเทอร์เน็ตแบบคลาสสิก สปอร์ตบุ๊คในตำนานได้กำหนดธุรกิจการพนันกีฬานอกชายฝั่งและเป็นเว็บไซต์สำหรับนักเดิมพันที่ไม่สามารถหรือไม่ต้องการเข้าถึงเว็บไซต์การพนันกีฬาที่มีการควบคุม แต่ทุกอย่างเปลี่ยนไปในสัปดาห์นี้เมื่อ 5Dimes ได้รับใบอนุญาตการเล่นเกมจากคณะกรรมการกำกับดูแลการพนันของ Isle of Man การเดินทางของ 5Dimes ไปสู่การพนันกีฬาที่มีการควบคุมและธุรกิจคาสิโนออนไลน์เป็นธุรกิจที่ประสบความสำเร็จและยาวนานโดยพื้นฐานแล้วโดยพื้นฐานแล้วเป็นผลมาจาก บริษัท ล่าสุด จัดการกับกระทรวงยุติธรรมของสหรัฐอเมริกา ในเดือนกันยายนปี 2020 DOJ ได้บรรลุข้อตกลงกับภรรยาม่ายของ William Sean “Tony” Creighton ผู้ก่อตั้ง 5Dimes ซึ่งรวมถึงการยึดทรัพย์สิน 46 ล้านดอลลาร์เพื่อแลกกับกระดานชนวนทางกฎหมาย Creighton ถูกสังหารในปี 2018 ระหว่างการลักพาตัว / การโจรกรรมล้มเหลว ตอนนี้ 5Dimes มีใบอนุญาตการเล่นเกมที่ถูกต้อง บริษัท มีอิสระที่จะขยายการดำเนินงานไปยังตลาดที่มีการควบคุมมากขึ้น ไม่เพียงแค่นั้นการดำเนินงานภายใต้ใบอนุญาต Isle of Man ยังขยายขอบเขตของความน่าเชื่อถือด้านกฎระเบียบที่จะช่วยให้ บริษัท ขยายไปสู่ตลาดอื่น ๆ ได้มากขึ้น ในการแถลงข่าวล่าสุด Laura Varela สมาชิกคณะกรรมการบริหารของ 5Dimes Sportsbook ได้พูดเกี่ยวกับใบอนุญาตใหม่ว่า “ใบอนุญาตนี้ถือเป็นก้าวที่น่าตื่นเต้นสำหรับแบรนด์ 5Dimes Isle of Man เป็นเขตอำนาจศาลระดับหนึ่งที่รู้จักกันในชื่อ แนวทางขั้นสูงในการออกกฎหมายเกี่ยวกับการพนันและ e-Gaming และชื่อเสียงที่โดดเด่นในชุมชนเกมระดับนานาชาติ Isle of Man กำหนดมาตรฐานระดับสูงสำหรับผู้ให้บริการและผู้เล่นการพนันและเราไม่เห็นการรอคอยที่จะรักษาระดับหลักการและนวัตกรรมเดียวกัน การเปิดตัว 5Dimes ” 5 เวลาจะรักษาสถานะเล็ก ๆ บนเกาะแมนเพื่อช่วยจัดการการปฏิบัติตามกฎระเบียบและการดำเนินงานทางการเงิน โพสต์ 5 ครั้งเข้าร่วมตลาดที่มีการควบคุมด้วยใบอนุญาตการเล่นเกม Isle of Man ปรากฏตัวครั้งแรก

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Posted in Online Casino News, Sports Betting, UK Gambling News | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ARK Buys More DraftKings for Internet Exchange Traded Fund


Posted on: February 10, 2021, 08:58h. 
Last updated on: February 10, 2021, 03:27h.
Cathie Wood’s ARK Investment Management is rapidly building a sizable stake in DraftKings (NASDAQ:DKNG) stock.
ARK Invest founder Cathie Wood at a Bloomberg conference last year. Her firm recently bought more DraftKings stock. (Image: Bloomberg)The New York-based asset manager and exchange traded funds (ETFs) issuer bought another 443,500 shares of the daily fantasy sports (DFS) provider and online sports betting operator yesterday. That buy comes about a week after ARK purchased 620,300 shares of DraftKings stock, adding the name to the roster of the ARK Next Generation ETF (NYSEARCA:ARKW).The Feb. 9 purchase of the gaming company’s equity is also being directed to ARKW. Of ARK’s five actively managed ETFs, the $5.27 billion ARKW is the most practical destination for DraftKings.ARKW is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80 percent of its assets) in domestic and U.S. exchange traded foreign equity securities of companies that are relevant to the Fund’s investment theme of next generation internet,” according to the issuer.ARKW usually holds 35 to 50 stocks with components spanning big data, cloud computing, cybersecurity, e-commerce, the internet of things, and social media companies. DraftKings was one of three buys ARK made yesterday for ARKW. ARKW is at 56 today.Why It’s Important for DraftKings StockFollowing a reverse merger with a special purpose acquisition company (SPAC), DraftKings went public last April. With the US sports betting market rapidly evolving and more states joining the fray, there’s been plenty of hoopla along the way for the stock.Fund managers were quick to join the DraftKings stock party. The Roundhill Sports Betting & iGaming ETF (NYSE:BETZ) was the first passive fund to own sportsbook operator’s shares at a notable percentage. Today, 51 ETFs, including ARK’s ARKW, have positions in the name, according to ETF Research Center data.DraftKings accounts for just 0.99 percent of ARKW. That makes it the fund’s number 43 holding. The stock’s inclusion in an ARK fund is a potential boon for investors because of the firm’s track record of identifying high-growth names before those stocks really take off. The firm is a long-time Tesla bull and was among the first to embrace what is now some of the biggest players in fintech, robotics, and streaming entertainment segments, among other niches.Mobile games and esports tournament provider Skillz Inc. (NYSE:SKLZ) is also an ARKW component and is the only other gaming name currently held by ARK.Still a Ways to GoAs of Feb. 9, ARK’s DraftKings stake stands at 1.36 million shares valued at $84.75 million, according to issuer data.That’s notable, but not enough to put the fund manager among the top 20 institutional owners of DraftKings stock. The smallest member of that group, Geode Capital Management, owns 2.04 million shares of DraftKings, or 0.54 percent of the gaming company’s outstanding equity.At 21.71 million shares, Raine Group is the biggest external owner of DraftKings stock. That firm was an early investor in the gaming company. The largest fund manager involved in the name is Vanguard with 20.75 million shares. Combined, Raine and Vanguard own 11 percent of DraftKings’ shares outstanding.

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Posted in Financial, Sports Betting | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

MGM Pops After Board Member Meister Touts Sports Betting Prospects


Posted on: February 10, 2021, 11:49h. 
Last updated on: February 10, 2021, 02:21h.
Shares of MGM Resorts International (NYSE:MGM) rallied ahead of the company’s earnings report later today. That’s after board member Keith Meister talked up the operator’s sports betting prospects in an interview with CNBC.
Corvex founder and MGM Director Keith Meister in a 2020 CNBC interview. He spoke bullishly on the BetMGM unit on the network today. (Image: CNBC)In late trading, shares of the Bellagio operator are higher by nearly two percent after hitting a new 52-week high following Meister’s comments on BetMGM. Meister’s New York-based hedge fund, Corvex Management, owns 22.53 million shares of MGM, making the money manager the fourth-largest institutional investor in the gaming company.I am massively bullish on the potential opportunity for BetMGM,” Meister said in the CNBC interview. “Over time, as investors realize the potential for BetMGM, I think that’s a very misvalued asset inside of MGM.”Meister is a protege of financier Carl Icahn. He was named to MGM’s board in January 2019. That’s after building a stake in the gaming company in the latter half of the previous year. Icahn himself has an extensive history of investing in and pushing for change at casino operators.Interesting Timing for Meister’s CommentsThe timing of Meister’s remarks on BetMGM is interesting because, as noted above, the Mirage operator delivers fourth-quarter results after the close of US markets today, and that report is likely to contain some commentary on the sports betting business.Analysts expect the gaming company lost 93 cents a share in the final three months of 2020 on revenue of $1.53 billion. The consensus estimate for adjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) is $100.4 million. Over the past 90 days, eight analysts trimmed earnings and sales forecasts on the name, while just one boosted a turnover estimate.In a note to clients today, Roth Capital analyst David Bain reiterated a “buy” rating on MGM while lifting his price target on the stock to $27 from $20. But that’s well below the $36.50 area at which the shares currently trade.“Near-term traffic is likely to migrate to high-quality assets, given a convergence of price point parity driven by low visitation,” said the analyst. “While MGM’s largest driver in Las Vegas, the Bellagio, should be one of the first properties to fully recover, the mid-tier portfolio may lag, as higher-end properties likely re-ramp first.”BetMGM: No Longer Free, Nor Should it BePreviously, sports betting was viewed as a free call option accompanying MGM stock. But that’s changing. Corvex’s Meister isn’t the only one that sees value in BetMGM. Roth Capital’s Bain said the sports betting unit is exceeding expectations.MGM concurs, because last month, it offered $11.06 billion for Entain Plc (OTC:GMVHY), its partner in the interactive gaming/sports wagering business. That overture was rebuffed, with the Las Vegas-based company opting against raising the bid.Bain said consolidation is still possible, and “offers strong upside potential” should it come at a fair price.Entering this year, BetMGM enjoyed an 18 percent market share in states in which it was operational. But that figure increases to 21 percent for states in which it debuted between January and November 2020. As of last month, the operator is live in a dozen states, and that number is slated to grow over the course of 2021.

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Posted in Financial, Sports Betting | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Texas pro sports teams all in on legal sports betting


A group of Texas-based professional sports teams are lobbying state lawmakers to move forward with a bill that would legalize Lone Star sports betting. It’s a far cry from the days when professional sport team owners and their cronies cried endlessly about how legal sports wagering would be the end of legitimate sports as we know it, but here we are.
According to multiple published reports, representatives from the Dallas Cowboys, the Dallas Mavericks and the Texas Rangers are throwing their considerable weight behind an initiative from Representative Dan Huberty to bring legal sports betting to the Lone Star State as soon as this year.
So why are these organizations suddenly on board with the idea that sports betting and professional sports can peacefully co-exist? If you guessed “money” you’re probably right, but that’s not the reason the teams are giving. They say that the threat of black market sports betting is the real problem and that it steals badly needed tax revenue from deserving efforts such as community development. If you’re wondering how illegal sports betting steals tax revenue from a state where sports betting isn’t even legal, you might not feel comfortable talking to politicians in Texas.
Dallas Mavericks owner Mark Cuban was recently quoted by the Hill offering a more coherent reason saying, “It makes no sense for us to force Texans to go to neighboring states to gamble in casinos.”
Despite a long-held aversion to regulated gambling in the Texas, most observers think that regulated sports betting has a pretty chance of becoming the law of the land in Cowboy (Maverick, Astro, and Stars) Country.
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Posted in Online Casino News, Sports Betting, US gambling news | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment