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SPORTS BETTING INDUSTRY NEWS RSS

News on scam sports betting operations, events and business deals within the offshore sports gambling industry.

05.26.2020

There hasn't been a sportsbook in the US that hasn't been adversely affected by COVID-19. William Hill, one of the world's top sportsbooks has had a particularly tough time, largely because of their one-dimensional betting platform in its US markets. As a result, the company is looking to ramp up their offerings and to allow for online casinos in the American outlets.

05.25.2020

Most of us are old enough to remember two whole years back when the idea of legal sports betting in the US was taboo. It's hard to believe that it’s only been only a short time since the Supreme Court overturned the ban on legal wagers across the nation. Acceptance in the US is at an all-time high with citizens, legislators and most sports leagues in the country with one major exception - the NCAA.

05.24.2020

One of the world’s largest online sportsbooks has announced plans to further its US reach with a move into Colorado, a state that is expected to become a major factor in the US legal sports betting industry once the wagering world returns to normal. British bookmaker Bet365 signed a licensing and revenue share deal with Century Casinos to bring internet and mobile sports betting to Centennial State.

05.23.2020

Sportsbooks in the emerging US legal sports betting industry continue to go head-to-head for gambling dollars, forcing providers to get innovative with unique features to pass on to their loyal customer bases. Premier global sportsbook operator PointsBet is on the board with a first of its kind (in North America) Parlay Booster app for its US clientele.

05.21.2020

NASCAR is looking to seize on the increased exposure it received during the coronavirus pandemic with its introduction of a new virtual sports betting game. London-based and leading sports betting service and content hub IMG ARENA has been chosen as a partner with the resurgent racing league to deliver this new game which is scheduled to be distributed to NASCAR fans, audiences and betting providers worldwide.

05.20.2020

The effects of COVID-19 keep rearing its ugly head as state-after-state reports their April figures. One of the true stalwarts in the US sports betting industry, Pennsylvania is out with their April reports and they reflect an all-too-familiar pattern of declines across the sector.

05.19.2020

International Game Technology (IGT) is out with their Q1 numbers which are reflecting the impact of COVID-19 on the US legal betting industry. The company reported a "solid start" on January and February, but on March the whole company was dragged down, from a strong position of profit making to the weak position of declines in their business across the board.

05.18.2020

The state of Louisiana is threatening to become the next major player to welcome in a legal sports betting platform. Last week, two Bills were presented in the Louisiana Senate, discussed and ultimately voted on. Both Senate Bill 130 and Senate Bill 378 were approved by a pretty good majority and are acting as light on the horizon of the Louisiana sports betting industry.

05.17.2020

April was an excruciating month for the legal sports betting industry in the US. With all brick-and-mortar facilities closed and with Major sports around the world locked down, it has become increasingly difficult to find a feel-good industry story. That was before New Jersey released their gaming numbers for April.

05.14.2020

Indiana, a state on the cusp of climbing into the US legal sports betting Heavyweight picture is out with its April numbers and unsurprisingly, they aren't good. Indiana's is the latest state to report a COVID-19 April slump and the most recent to see a 60%+ drop in its overall handle.

05.12.2020

Providers have been lining up in the state for a piece of a large betting pie that was projected (pre-COVID) to come in around $6 billion annually with $400 million in gross operator revenue. The newest is Carousel Group that obtained its license from the Colorado Division of Gaming just this week to operate out of Johnny Nolon’s Casino in Cripple Creek, Colorado.

05.11.2020

Sportsbooks around world have been dealt a body-blow the last two months thanks to COVID-19's effect on casinos and sports in general. Well, you can't blame horse racing for the historic, jaw-dropping revenue declines for the sports betting business.

05.10.2020

It has been nothing but bad news the last eight weeks since COVID-19 took over the global way of life. Everything that we know, love and expect have been turned upside down by coronavirus and the resulting changes to the way that we go about our daily lives look as though they will be forever altered.

05.09.2020

Penn National gets the honor, or dishonor, depending on how you look at it, to be the first sports betting provider out with a quarter report that includes the month of March, when the whole sports world went silent thanks to COVID-19.

05.05.2020

It seems like a lifetime ago that the US legal betting industry was in the midst of exponential growth and a feeling like it couldn't be touched. But then the unthinkable happened - sporting events around the globe were put on hold, casinos were shuttered and virtually the whole country went on lockdown with no clear idea of when things would return back to normal.

05.04.2020

It has been a long road toward legal sports betting legislation for the state of Virginia but the day finally arrived last week when Governor Ralph Northam signed off on three bills paving the way for a legal sports betting platform in the state.

05.03.2020

The legal sports betting industry in the US has gone through some growing pains but one trend has remained constant, and has even been accelerated during the coronavirus pandemic - the strength and evolution of a strong mobile betting platform.

05.02.2020

After months of planning by Colorado legislators and regulators, their legal online sports betting platform finally went live on Friday even though COVID-19 has effectively shut down the industry worldwide. Despite a serious lack of sports to bet on, Colorado decided to forge ahead with legal sports betting.