Tag Archives: sportsbook

MGM Resorts International has vowed to cut costs, improve efficiencies and prepare for a period of growth as announced in its new company-wide ‘MGM 20′ initiative.  The company is striving to grow from its previous profit growth initiatives implemented in 2015, and expects to deliver annualised Adjusted EBITDA uplift of $300m (£238m) in aggregate, consisting of $200m (£159m) by the end of 2020 …

With the opening of new markets and the opportunity of the World Cup, this year marked a significant chance for sportsbooks to elevate engagement and embark on expansion. The World Cup, as shown by Google’s most searched terms, was arguably the buzzword for 2018. England surpassed everyone’s expectations by reaching the semi-finals, front-runners such as Portugal and Brazil were knocked …

The Czech Republic’s national lottery operator Sazka has confirmed a multi-year extension to its sportsbook partnership with SBTech. The agreement, first signed in 2016, has seen SBTech drive “substantial revenue” gains for Sazka despite significant competition from international operators, particularly since regulation for online and land-based gambling was passed in January 2017. The sportsbook product provided by SBTech, which keeps …

Leading online bookmaker bet365 has confirmed significant growth in its full-year accounts  (12-month period to March 2018), recording a 26% increase in betting and gaming revenue to £2.7 billion. The operator continued to benefit from its high-level sportsbook offering, specifically in-play betting which accounted for 77 per cent of its sports betting revenue, as well as this, mobile betting revenue rose …

DraftKings has partnered with the Resorts Casino Hotel, the first casino hotel in New Jersey, for the launch of a premium sports betting experience at the venue. The operator has announced that the sports betting venue, which is set to open its doors in at the end of this month is nearing completion, pending approval from the Division of Gaming Enforcement. …

William Hill US has opened legal proceedings against competing sportsbook operator FanDuel, over alleged copyright infringement relating to a betting guide at the Meadowlands racetrack. The civil complaint filed by William Hill has outlined that the ‘How to Bet Guide’ distributed by FanDuel was identical to the Hill’s guide. One of the key passages in FanDuel’s guide features the wording …

Armed with a Manufacturer’s Licence for the South African market, BetConstruct is ready to present its “most complete multi-channel sportsbook software for the region”. Having obtained the licence from the National Gambling Board for South Africa in November of last year, the developer and provider of online and land-based gaming solutions is ready for the first extension of ICE away …

With the unveiling of its new sportsbook, VSODDS.BET has underlined its ambition to place a greater focus on betting traders, offering only pre-match, fixed odds to players in core markets around the world. The company’s founder, Dalius Dabashinskas detailed to SBC the strategy for putting these ambitious plans in place by appealing to a more considered sportsbook bettor. SBC: Could …

In the second of an exclusive three-part series for SBC News, Royal Panda CMO Melvin Ritsema discusses his company’s takeover by LeoVegas, staying true to its own sportsbook roots despite the acquisition, why the UK market remains the principal target, and how pricing ploys around the World Cup will be taken forward into future high-profile tournaments. SBC: Was the Royal …

Gaming Innovation Group (GiG) is aiming to introduce a different take on the odds market for the upcoming World Cup, with the launch of its advanced sports betting platform product. The platform, which has been under development for the last 18 months, launched today on Rizk.com, the company’s own brand. It will be made available to external operators at a …