Legal
June 28, 2021
New Jersey Lawmakers Approve Fixed Odds Horse Race Wagering
Members of the state Senate and General Assembly in New Jersey voted to approve unanimously fixed odds betting on horse races and leave final legalization to Gov. Phil Murphy’s signature. Expanding Wagering Options for Horse Racing Bettors The bill, introduced by Republican Assemblyman Ronald Dancer and Democrat Assemblyman Ralph Caputo, is expected to allow bettors on horse racing in the Garden State to see an expansion of wagering […]
Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Sports
June 25, 2021
XB Net Signs Improved Deal Extension with the Breeders’ Cup
Racing industry content provider XB Net secured exclusive terms in a 3-year contract extension for the Breeders’ Cup World Championship to bolster its ongoing partnership with the festival of thoroughbred racing around the world. Broadcasting and Video-Streaming Rights The agreement between XB Net and the Breeders’ Cup includes broadcast and video-streaming distribution rights from the […]
Business
June 25, 2021
JP Morgan Chase Invests in Kraft Analytics Group Equity Stake
JP Morgan, the global leader in financial services, invested in a stake in Kraft Analytics Group. JP Morgan Invests in a KAGR Stake The global leader in financial services, JP Morgan Chase & Co purchased a stake in KAGR (Kraft Analytics Group) a technology and services company focused on data management. KAGR is owned by […]
Esports
June 24, 2021
Esports Technologies Secures Patent for Live Streaming Betting for Gaming and Sports
Live streaming is an opportunity for Esports Technologies to launch its newly-patented product that allows audiences to bet directly in gaming and sports live streams. Esports Technologies Seeks to Integrate Betting in Live Streams Esports Technologies, Inc. has secured a provisional patent that will allow it to field its expertise, advanced esports betting products and […]
Industry
June 24, 2021
Canada Gambling Markets Estimated to Reach $4.6bn by 2030
Canada legalized single-game sports wagering Tuesday after passing the Safe and Regulated Sports Betting Act, opening up a huge market for sports betting operators, and stirring speculation which operator is positioned to capitalize and with how much. Opening Huge Business Potential Having signed into law Bill C-218 to legalize single-event sports betting, the legislation is […]
Sports
June 24, 2021
Mattress Mack Goes All-in on the Astros to the Tune of $3.5M
There’s no crying in baseball, but just don’t tell Mattress Mack. The legendary Texas furniture store owner has gone ‘all-in’ on his beloved Houston Astros with a mammoth $2 million bet to win the World Series in 2021. Mattress Mack, officially known as Jim McIngvale, has become synonymous with placing large bets on his favorite […]
Industry
June 24, 2021
Flutter UK and Ireland Chief Officers Became Retailers
Flutter’s chief officers: Chairman Ian Proctor and CEO Conor Grant, showed support to their retail colleagues and stood behind the counter for a day. Flutter’s Top Officers in UK and Ire Were Retailers for a Day Flutter Entertainment’s top-ranking UK and IRE officers, Chairman Ian Proctor and CEO, Conor Grant supported their retail colleagues during […]
Sports
June 24, 2021
Vasiliy Lomachenko Takes on Masayoshi Nakatani: Odds, Preview, Date, Stream
Recovering from his loss to Teófimo Lopez, Lomachenko will get a shot to put his name back on the top in the upcoming bout with Masayoshi Nakatani. The odds favor him. Lomachenko Listed as Favorite in Nakatani Bout Following his upset defeat to Teófimo Lopez in October, Vasiliy Lomachenko is returning for a chance to prove his mettle once […]
Sports
June 24, 2021
NFL Looking into Minority Sale of Media Business
The NFL is exploring options to unload a minority stake in its media business as broadcasters face new challenges in cultivating and reaching audiences. Minority Sale in NFL Media Business Could Lead to Innovation The beauty is in the eye of the beholder, but with things-to-see proliferating and eyeballs now in short supply, traditional media […]