The Supreme Court’s repeal of PASPA’s federal mandate has likely triggered a further betting industry arms race, as US betting news source LegalSportsReport.com details that Paddy Power Betfair Plc (PPB) is ‘close to acquiring’ DFS operator FanDuel. Entering 2018, the governance of FTSE100 PPB stated that it was ‘reviewing all options’ for further expansion within the US market. The UK …
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The Deputy President for Sportradar US has predicted a chaotic post-PASPA period, as the sports betting market prepares for an estimated $190 billion in annual activity to come “out of the shadows”. Dr. Laila Mintas stressed that the benefits of legal sports betting in the US far outweigh “misperceived fears and unfounded concerns”, but acknowledged that because every state’s approach …
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Georgia headquartered operator Adjarabet has upgraded to a SBTech powered sportsbook, as the firm plans to extend its reach to a further regulated market. Strengthening its position within its home territory via the SBTech powered betting solution, Adjarabet detailed that it forms “part of an aggressive strategy of consolidating its dominant position in its core market.” A further enhancement …
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Perform Group has called it a “great day” for all stakeholders in the sports industry, after a full reversal of the ban on sports betting outside of Nevada presented the United States with a “unique opportunity” to build a regulated betting market from the ground up. The Supreme Court of the United States (SCOTUS) ruled that the federal ban on …
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The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …
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Sports betting software and market trading services provider Amelco, has this morning confirmed that it has renewed its lead sportsbook supplier contract with The Stars Group Inc subsidiary BetStars. Updating the market, London-based Amelco will continue to act as lead platform technology provider for BetStars, a partnership that it has serviced since the brand’s launch in 2015. Issuing a short …
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The final week of pre-event trading for Eurovision 2018 (Lisbon 12 May), has seen Betfair place Cyprus’ Eleni Foureira’s ‘Feugo’ as 11/10 market favourite to win the 63rd edition of the Pan-European song contest. Eleni Foureira’s ‘Feugo’ has flipped-the-script on Eurovision 2018 trading, as the Cypriot entry was 100/1, just ten days ago. However, Betfair details that Eurovision punters have …
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Stockholm-listed betting platform and software provider Kambi Plc has confirmed the appointment of Mattias Eriksson to the newly created role of Chief Product Officer (CPO). Eriksson, who will be based out of Kambi’s Stockholm office, has prior industry experience having worked for Swedish state-owned gambling operator Svenska Spel in a number of senior commercial and product focused roles. Prior to …
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RedZoneSports.bet has joined forces with TrakBak Racing, in a collaboration that is set to see exclusive and bespoke betting markets offered on UK Drag Racing for the first time. Becoming headline sponsor of the DoorSlammers event set to be held at Santa Pod Raceway, the Argyll Entertainment US sports led brand is to offer the industry first markets across the …
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Toronto TSX-listed The Stars Group Inc, has today published its Q1 2018 trading update (period ending 31 March), detailing strong corporate progress as the firm prepares for a significant enlargement of its operations, products/services, and overall business entity. The TSX enterprise reports growth across its core corporate metrics and KPIs, recording period group revenues of $393 million, up 23% on …
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