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Massachusetts sees strong interest in sports betting licenses

The Massachusetts Gaming Commission (MGC) has revealed that 42 entities have declared an interest in applying for a sports betting license.

The MGC released a Notice of Intent form regarding licenses for sports betting in the Commonwealth last month, after Governor Charlie Baker signed the state’s sports betting legislation into law.

The [...]

1 min read
Sportech

Sportech revenue climbs 6% in first half of 2022

London-listed sports betting technology provider Sportech has reported a 6 per cent increase in revenue to £12.6m for the first half of 2022, most of which was derived from its Venues business.

Revenue from Sportech Venues fell by 4 per cent year-on-year to £11.7m, comprising £9.4m from the rendering of services, [...]

1 min read
Arizona

Arizona sports betting wagers decline for third consecutive month

Arizona’s retail and online sports betting market generated total wagers of $318.8m in June, hitting a new monthly low after declining for a third consecutive month.

Wagers at the state’s licensed sportsbooks fell by 31 per cent compared to the previous month, comprising $316.0m from the state’s 19 online operators, $2.6m [...]

1 min read
BRAGG

Bragg Gaming expands Fuze player engagement tool to sports betting

Toronto and Nasdaq-listed gaming supplier Bragg Gaming Group has expanded its player engagement and gamification product Fuze to its sportsbook product. 

The Fuze toolset is already available to customers of Bragg’s online casino content via its proprietary distribution platform, and has now been extended to sports betting. 

Using the toolset, operators running sports [...]

3 mins read
Rhode Island

Rhode Island sportsbook handle climbs 14% in July

Rhode Island’s retail and online sports betting market grew by 14 per cent in July as total wagers reached $25.2m.

July wagers marked the lowest monthly total since August of last year, and comprised a 44 per cent increase in mobile sports wagers to $16.0m, which offset a 16 per cent [...]

1 min read
PointsBet

PointsBet brings in Edward Hartman as chief strategy officer

Sydney-listed betting and gaming operator PointsBet Holdings has appointed Edward Hartman as group chief strategy officer.

Hartman will lead the group strategy function, working to enhance and execute the group’s strategy and vision, identify new opportunities and strengthen its operations.

Hartman previously served as executive vice president of business operations at the [...]

1 min read

Emma Capital enters Romania with Get’s Bet and Club King acquisitions

Czech investment firm Emma Capital has made its first gaming acquisitions in Romania after taking majority stakes in retail and online betting operators Get’s Bet and Club King.

Emma Capital has concluded negotiations to acquire a 67 per cent stake in both Get’s Bet and Club King, which were founded by [...]

1 min read
Brazil

Ministry of Justice to investigate sports betting sponsorships in Brazil

Brazil’s Ministry of Justice is launching an investigation into sponsorship agreements signed in the country with unlicensed sports betting operators.

The initiative of the Ministry of Justice and Public Security’s National Consumer Secretariat (Senacon) aims to determine which companies have formalized advertising and sponsorship contracts with sports betting companies, most of [...]

1 min read
LeoVegas

MGM Resorts set to complete LeoVegas acquisition next week

LeoVegas will apply for de-listing of its shares from Nasdaq Stockholm after MGM Resorts International confirmed that its proposed acquisition had been accepted by the majority of LeoVegas’ shareholders.

Following its public tender offer of SEK61.00 per share, MGM Resorts controls approximately 96 per cent of the outstanding shares in LeoVegas, [...]

1 min read

Nevada gambling market declines in July as sportsbooks suffer

Nevada’s gambling market topped $1bn for the seventeenth consecutive month despite gaming win from state-wide casinos falling to $1.32bn in July.

Gaming win in July declined by 3 per cent compared to the same month last year, with the bulk of the total derived from Clark County, where gaming win fell [...]

1 min read

Ainsworth swings to profit as full year revenue climbs 38%

Australian gaming supplier Ainsworth Game Technology (AGT) has posted net profit of AUD$11.8m for the financial year ended 30 June 2022, after an improved performance following the impact of the pandemic on the prior year period.

AGT delivered a solid performance in the second half of the year due to improved [...]

1 min read
BlueBet

Higher expenses push BlueBet to full year loss

Sydney-listed betting operator BlueBet Holdings has reported a 53.5 per cent increase in net win to AUD$54.6m for the year ended 30 June 2022, buoyed by a strong performance in its Australian business.

Exceeding management expectations, turnover for the year increased by 48.5 per cent to $511.9m, of which $259.4m was [...]

1 min read
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