International Game Technology PLC (IGT), through its subsidiary IGT Global Solutions Corporation, has added 10 more years to its contract with the North Carolina Education Lottery (NCEL). The partnership spans all the way back to NCEL’s inception in 2006. The new extension will commence on 1 July 2027, running through June 2037. With the new agreement in place, IGT will …
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Smarkets: Biden clear DNC leader after remarkable comeback
Winning 10 of 14 states in Super Tuesday’s DNC Primary sees former US Vice President Joe Biden achieve a remarkable campaign turnaround. Updating all US 2020 markets, betting exchange Smarkets has priced Biden as current market leader (1.17), giving Uncle Joe an 85% chance of winning the DNC ticket. A Biden comeback proved to be yet another ‘Super Tuesday surprise’, …
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 »Smarkets customer pockets £165k as Trump defies election odds
Smarkets betting exchange has revealed that one of its customers pocketed £165,000 after successfully trading on the US presidential race. Having been given just a 10% chance of success midway through the election night, Republican candidate Donald Trump secured victory in the race to the White House after a shock victory in Wisconsin put him over the required 270 electoral college …
Read More »NBA chief trying to persuade other sports on betting legalisation
Outspoken NBA Commissioner Adam Silver has been trying to persuade other US sports to take a look at legalising sports betting in order to bring all the illegal betting that currently takes place in to a transparent and regulated environment. Speaking with ESPN, Silver suggested that the other sports were willing to at least take a look at his idea. …
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