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Fanatics Betting and Gaming Wins PointsBet Bid Over Rival DraftKings, $225 Million to $195 Million
The Fanatics Betting and Gaming (FBG) team won in its competition against DraftKings to buy the US holdings of Australian online gambling operator PointsBet. On June 30, PointsBet shareholders voted to accept FBG’s $225 million bid. The deal more than triples FBG’s US market access and adds the Big Three online casino states, as well as […]
Newest New Jersey Retail Casinos Celebrate 5 Years, Revenue Victories
Two New Jersey retail casinos are turning five on June 28. In celebration, the Hard Rock Hotel and Casino Atlantic City and Ocean Casino Resort promise prizes and parties all summer. As the in-person events illustrate, both commercial casinos cater to land-based gamblers. Those gamblers drive core revenue, despite both casinos partnering with online gambling […]
BallyBet Temporarily Shuts Down as Bally Interactive Proceeds With 2023 Reboot Strategy
BallyBet announced that on June 30, it’s shutting down for a “few months” while switching to a new software platform powered by Kambi. The company notes that Arizona will not be affected, but BallyBet will not be available in Colorado, Indiana, Iowa, New York, and Virginia. Since June 22, Bally’s is no longer accepting wagers […]
DC’s Controversial Intralot Contract May Be Close to Falling Apart
Tensions between Washington DC regulators and the District’s lottery and sportsbook provider, Intralot, are reportedly heating up as regulators accuse the operator of failing to meet the terms of its contract to run DC’s sports wagering market. Intralot initially cast aspersions toward one of GambetDC’s vendors, Veterans Service Corporation (VSC), in response, alleging that the […]
Kentucky Sports Betting Regulations May Be Approved by ‘Early July’
Kentucky sports betting regulations may be approved in “early July.” So says Jonathan Rabinowitz, chairman of the regulatory body, the Kentucky Horse Racing Commission (KHRC). That will be a special commission meeting, as its regularly scheduled gathering isn’t until Aug. 15. While that doesn’t contradict Gov. Andy Beshear’s recent statement that sports betting will launch […]
DraftKings’ Bid for PointsBet an Effort to Block Fanatics’ Entry to Online Casino?
DraftKings sent PointsBet an “unsolicited non-binding indicative proposal” on June 16 about its intent to buy the Australian online gambling operator for $195 million. That’s what PointsBet said in its second paragraph announcing the proposal. However, PointsBet first emphasized that it already has an “agreement to sell its United States online sports betting, iGaming, and retail […]
Legal Esports, Sports Betting Can Launch in 2024 in North Carolina, Now That Gov. Cooper Signed HB347
Between Jan. 8 and June 2024, North Carolinians are scheduled to have a legal, live esports and sports betting marketplace. That’s because Gov. Roy Cooper signed HB347 into law on June 14. The legislation outlines a launch date for the esports and sports betting marketplace. It says esports and sports betting can launch on Jan. […]
New Jersey Bill Mandates Gambling Education at Colleges Partnering With Sportsbooks
A bill in New Jersey would require public universities engaged in sports wagering partnerships to establish a gambling education program. A5498 seeks to promote responsible gambling behavior and prevent student gambling addiction. If the bill sponsored by state Assemblywoman Mila M. Jasey, D-Maplewood, becomes law, it will take effect immediately. Under the provisions of A5498, […]
Fliff Faces California Class Action, Bringing Sweepstakes Social Model Under Scrutiny
Free-to-play sports prediction site Fliff is the target of a class action suit in California, alleging that it constitutes an illegal sportsbook. Fliff employs the same model as sweepstakes social casinos like Chumba and Pulsz but allows users to stake virtual cash on the outcome of real-world sporting events rather than on slots and other casino games. […]
Legal Esports, Sports Betting Needs Only North Carolina Gov. Cooper’s Signature
Legal esports and sports betting in North Carolina can become a reality as soon as Gov. Roy Cooper signs HB347 into law. That’s because, on June 7, House members approved changes Senators made to the bill. Cooper has 10 days to sign or veto the bill. If he does neither, HB347 automatically becomes law. However, […]