Business & Financial
Most Important Steps in the Merging of Crypto Gaming and Gambling
There was a time when gaming companies and developers were at the cutting edge of technology, exploring innovative methods and future revenue streams. Yet that has become less apparent in the past few years, as the larger providers aim to stick with tried and tested properties to bring in revenue. As a direct result, crypto gaming, gambling and even the metaverse to a lesser extent, have been left to experiment.
Advertising Rules Must Be Reviewed Before Sports Betting Can Move Forward in Kansas
The attorney general’s office approved three proposed regulations but returned others to the Kansas Lottery after “identifying specific shortcomings that must be remedied,” John Milburn, a spokesman for Attorney General Derek Schmidt, said in a news release Friday.
Entain Awarded Socially Responsible Operator of the Year Just Weeks Before £17mn Fine for Failing to Adhere to Social Responsibility
Prochaska, in his interview with the BBC, said he does not believe anything will change much. "I am worried that they and other operators in this industry see these fines as simply the cost of doing business."
FanDuel, DraftKings Scale Back on Marketing Ahead of New Football Season... With Some Exceptions
“I think what we’re seeing is, everyone is looking around going ‘Hang on, it’s gone too far,’” BetMGM Chief Executive Adam Greenblatt told the New York Post. “We need to make money. The market, frankly, is expecting us and others to make money.”
Penn National Agrees to Acquire Rest of Barstool Sports
Penn is buying the sports entertainment and gambling company outright, having already paid $163 million for a 36% prior ownership. This brings the valuation to $450 million.
Kansas Sports Betting by September 8, Entourage Actor Jerry Ferrara Joins the BetMGM Team
No word yet if retail or online sports betting, or both, are set to launch on that date.
"Cleansed" Offshore Sportsbooks Will Be Welcome in Newly Regulated Ontario Market
Plus Right Angle Sports looks at the pros and cons of modeling and power rating adjustments. And Catena Media Reports continued strength in North America mmid more restrictions elsewhere. Also: BetCRIS coming to the Hard Rock as SBC Summit Latinoamérica premium sponsor this November 1-3.
Cocca’s Pizza, Irish Bob’s Pub, Steel Valley Entertainment Among Dozen Plus to Get Sports Betting Licenses in Ohio
Some dozen venues just got approved by the Ohio Casino Control Commission in recent days, including pizzarias.
Blockchain and Metaverse Expert Agency CoinPoint Sign a Strategic Partnership
Plus EU’s new AML watchdog spells trouble for ‘crypto’ crooks
The Ethereum Merge is Coming: CoinBase to Pause Transactions
Ethereum is anticipated to move to Proof-of-Stake (PoS) on or around September 15, 2022 making it more secure, less energy-intensive, and better for implementing new scaling solutions. Coinbase and other crypto exchanges are pausing Ethereum and ERC-20 withdrawals and deposits during the merge
Entain Receives Historic £17mn Fine
The company has admitted wrongdoing though it appears to be shifting blame towards previous owners....and continues to do so three years later. Helen Thomas of the Financial Times calls them out.
NJ Sports Betting Handle Falls 16%
The New Jersey Division of Gaming Enforcement show that the casinos in total won just shy of $299 million from in-person gamblers, slightly more than the $277 million won pre-pandemic in July 2019.
Can I Bet the Little League World Series on the Caesars Sportsbook App?
Caesars Sportsbook prohibits betting on youth events such as the Little League World Series. Other popular sportsbooks like long established BetOnline have zero qualms about taking bets on the Little League World Series and have already released odds for 2022 (Wed, Aug 17, 2022 – Sun, Aug 28, 2022).
What Are the Biggest Business Blunders Online Bookie Software Will Help Prevent?
As a bookie, mistakes can be costly. Having the right online bookie software can help minimize potential blunders. Here's how.
Disney to Offer Sports Betting?
Activist investor Daniel Loeb’s Third Point hedge fund wants Disney to get more involved in sports betting. More specifically, he wants ESPN spun off.
BitMart Loses Bid to Limit FTC Probe, Gambling Kingpin Arrested
On August 9, the Federal Trade Commission (FTC) issued an order denying the petition sought by the New Jersey-based Bachi.Tech Corporation to quash or limit portions of a Civil Investigative Demand (CID).
Spank Odds Almost Ready to Go: Now Everyone Will Have Access to Pinnacle Line Moves
At one point this past month, Spank Odds was among the most searched for terms coming to the Gambling911.com website and its founder, Gadoon “Spanky” Kryollos, has been heavily promoting the free odds service via social media platforms such as Twitter.
Micro-Betting Explained: What Are the Sports Best Suited for This Wagering Model?
Speaking to iGaming NEXT, venture capitalist and managing partner of Sharp Alpha Advisors Lloyd Danzig said: “Soccer is a low-scoring game with a continuous clock, minimal stoppages, and far fewer discrete events as compared to the most popular US sports. Basketball, baseball, and American football appear to be especially well-suited for micro-betting.”
Hashing it Out: Tyler Farnsworth - Chief Marketing Officer - Built By Gamers
Micropayments are set to disrupt the current revenue models in the gaming space, especially following recent news that YouTube influencer and boxer Jake Paul has launched his own microbetting-focused sports betting website.
Weltbet and Rolletto.com Complaints: Do They Have Merit?
"Just a heads up for anyone thinking of promoting WeltBet or Rolletto.com - Don't," warns Head of Operations at Traffic Label Limited, Phil Blackwell, via his LinkedIn Page.
MLB Becomes First Major Sports League to Support Sports Betting Initiative in California
The MLB supports Prop 27, one of two referendums appearing on the November ballot. Prop 27 would make it lawful to operate mobile sports betting in the state.
FanDuel Continues to Kill It: Outshines the Competition Again
Parlays, synergies between its Daily Fantasy Sports product and sports betting along with a partnership deal with Pat McAfee and Turner Sports has helped FanDuel drive significant revenues for the second quarter of 2022. FanDuel reported a $22 million adjusted EBITDA for the second quarter.
Why Do Crypto Bettors Prefer Provably Fair Casino Game
When we place wagers on casino games, we’re betting on the outcome of randomly generated numbers. In traditional online gaming, operators control the RGNs, but in provably fair casino games, those randomly generated numbers are out of the casino operator’s control.
More Vegas Flooding: Casinos Under Water
It's being called the worst monoon season in over ten years. Video from the strip showed water rushing through parking garages and flooding on streets along the Strip. Heavy rains caused water intrusion in the Planet Hollywood casino as well.
CEO Jason Robins: "DraftKings Inc. Didn’t Come About on the First Try, or Even the Second or Third"
In an incredibly candid post on LinkedIn Thursday, DraftKings CEO admitted that the company took some time to come to fruition. Its DNA can be found at, of all places, Vistaprint.
Bovada.LV Downgraded to a D- By Sports Book Review From an A+?
Since shifting to a U.S. regulated sportsbook focused market, SportsBookReview has apparently lost its love for Bovada.lv....in a big way.
SEC Launches Probe Into Coinbase’s Staking Programs, Plus PositivelyDisruptive Companies Under Ayre Ventures
One of the CoinBase's long term goals is to become the #1 staking provider. Staking platforms deploy the staked crypto to help verify transactions and boost blockchain security.
Poker Legend Molly Bloom to Host €10,000 'Molly's Game' at SBC Summit Barcelona
The real life author and organiser of high-stakes celebrity poker games that inspired the film "Molly's Game" will be delivering a keynote speech and host an exclusive €10,000 invitational poker tournament.
Catena Anticipates Job Cuts in Europe
The company announced that it is expanding the strategic review it initiated on 20 May to its entire European online sports betting and casino affiliation business.
Kroger to Allow Sports Betting
Supermarket chain has applied for a sports betting license in this U.S. state.....
