Bet365 has officially launched into Iowa – its fifth US state – after debuting its online betting app through a partnership with Casino Queen Marquette. For a while, it seemed like the UK-founded operator might not ever expand its presence in the US beyond New Jersey, but is starting to ramp up its presence since opening in Colorado in September …
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Betfair shortens Trump re-election odds following Iowa chaos
A turbulent week of US political drama has seen the Betfair Exchange shorten the odds on Donald Trump maintaining his Presidency, with odds trading at an all-time low of 8/11. Betfair Politics details that Trump has benefitted from his acquittal by the Senate, which refused to advance impeachment hearings on alleged interference of Ukraine funds by the US 45th President. …
Read More »Bryan Bennett, Betfred US: Expanding into the US market
Back in January, Betfred confirmed that it would open the doors to its first US sportsbook in the state of Iowa, paving the way for the operator’s expansion across a post-PASPA market. Bryan Bennett, the Chief Operating Officer of Betfred US, spoke with SBC Americas to explain the reasoning behind why Iowa was identified as a key state for Betfred’s …
Read More »Betfred hires Bryan Bennett as US operations lead
Betfred has advanced its US market ambitions by appointing Bryan Bennett as the bookmaker’s first US Chief Operations Officer (COO). Bennett, a seasoned executive in US gaming, sports and digital enterprise strategies, confirmed via LinkedIn that he had joined the UK betting outfit, leading its initial US market drive. Bennett is the former VP of Marketing for RocketPlay a developer of …
Read More »Martin Lycka: Supreme Court’s (sports betting) punt return and beyond
In the second of a series of columns on international gambling legislation, GVC’s Director of Regulatory Affairs Martin Lycka takes a look at the current activity around sports betting in the US and tracks how the industry has arrived there and where it should go next. It is 14 May 14 2018, which may be the US football offseason, yet …
Read More »Kambi strikes Penn National multi-state agreement
Kambi Group has significantly advanced its US profile by securing a ‘multi-state sportsbook services agreement’ with Penn National Gaming. Updating investors, Kambi details that it will become the lead sports betting systems and software supplier to Penn National, ‘North America’s largest regional gaming operator’, servicing both its on-property and digital disciplines. Nasdaq-listed Penn National operates more than 40 gaming facilities …
Read More »Business Briefs – featuring Unicef, the Ponca Tribe and NetEnt
This round up features controversy over the prolonged construction of a new casino in the United States, a Northern Irish publican appealing the court’s decision that he isn’t fit to hold a licence and a Maltese DFS summit, amongst others. Charity lottery launched in Scandinavia Zeal Group and Unicef have teamed up to launch Norway’s first digital only charity lottery, …
Read More »Warren Buffett cold on legalising US sports betting
Speaking to Yahoo Finance, Warren Buffett the world’s most powerful hedge fund magnate with a speculated wealth of $76 billion remains tepid on the potential of legalising US sports betting. Buffett a fan of college basketball, who this February repeated his $1 million-a-year sweepstake for Berkshire Hathaway employees to predict the correct ‘March Madness’ brackets of the NCAA Basketball Championships, …
Read More »Betfair targets + £100 million US Election trading
While Hillary Clinton remains a clear favourite to win the 2016 US Election, trading at 1.21 on the Betfair Exchange (82% chance of winning). Betfair today revealed that the Democrats are faltering in the key ‘swing states’ of Florida, Iowa and Ohio. Detailing market insight on individual state outcomes, Betfair’s trading team revealed that the Democrats have seemingly lost their …
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