Flutter Entertainment has paid $300 million to the Commonwealth of Kentucky to fully settle its legal dispute with the state concerning The Stars Group. The Dublin-based gambling group has paid $200 million to the state, on top of a $100 million previously handed over to the state relating to a superseded bond in the case. A statement from Flutter read: …
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Flutter Entertainment has taken its legal contest with the Commonwealth of Kentucky regarding a $870 million ruling against the firm to the US Supreme Court. Describing the ruling as having caused ‘monstrous damages’ against its commercial operations, the FTSE100 company has questioned whether “an award of statutory damages violates due process when it exceeds by a factor of more than …
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Despite all the sports betting regulatory action in the US following last week’s votes, GVC Holdings Senior Vice President of US Regulatory Affairs & Responsible Gambling Martin Lycka is looking at the reaction further north. The fearless men who stand on guard at the Ontario border, through snow, wind and sleet, noticed something rapidly whirling through the plains of Michigan …
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The changing landscape of sports betting across the USA has been long debated by many quarters, since that monumental day on May 14, when the US Supreme Court found in favour of New Jersey and repealed the Professional and Amateur Sports Protection Act (PASPA). As the writing, debate and speculation continues, acquisitions are made and new relationships formed, while the …
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As the dust settles on the Supreme Court’s decision to repeal PASPA, betting tips provider Better Collective is already positioning itself towards this potentially lucrative market through their latest website, us-bookies.com. Us-bookies.com is an educational platform serving punters linked to the US horse racing community. In line with Better Collective’s current global portfolio of sites, which is predominantly focused on …
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US news sources have reported that the NBA (basketball) and MLB (baseball) leagues will move to divest their respective stakes in daily fantasy sports (DFS) operators’ DraftKings and FanDuel. In 2015 the MLB had participated in a $300 million investment round, backing DraftKings enterprise as official ‘MLB Fantasy Sports Partner’. The NBA acquired its stake in FanDuel, supporting the DFS …
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Scientific Games Corporation is planning to gain ground on its competition, ahead a potentially significant shift of the sports betting landscape within the United States. The organisation has announced that SG Digital, through its OpenBet sports betting solution, has commenced sportsbook product review sessions with New Jersey’s Division of Gaming Enforcement (DGE). Should the US Supreme Court repeal the …
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The governance of the PGA Tour, the leading professional golf organisation for North America has stated its support for licensed US sports betting. Speaking to USA Today, PGA Tour Chief Commissioner Jay Monahan stated that should the Supreme Court repeal PASPA federal laws, the ‘landscape of US sports would change forever’. As a US pro sports stakeholder, Monahan believes that …
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ESPN Sports Business Analyst Darren Rovell has published a brief transcript taken from a media Q&A with NBA Chief Commissioner Adam Silver during the league’s union address. Commissioner Silver was asked for clarity on the 1% fee which NBA league executives are reported to want to implement, should licensed sports betting be legalised by the US Supreme Court of Justice. …
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A Republican representative from Indiana is the latest official to come out in favour of legalising sports betting in his home state, subject to a successful challenge by New Jersey in its ongoing US Supreme Court battle. State Representative Alan Morrison, who resides in the city of Terre Haute near Indiana’s western border with Illinois, told a local newspaper that …
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