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PASPA ruling: the market responds

By on August 24, 2021

first_imgSports betting Regions: US Gambling operators, sports leagues and organisations have responded to the Supreme Court’s overturning of PASPA. We round-up their perspectives Email Address PASPA ruling: the market responds Gambling operators, sports leagues and organisations have responded to the Supreme Court’s overturning of PASPA, with William Hill announcing it plans to launch in New Jersey “as soon as responsibly possible”. Yesterday (Monday), the federal ban on sports betting in the US was lifted by the country’s Supreme Court by a vote of 7-2. The federal 1992 Professional and Amateur Sports Protection Act (PASPA) had blocked states from offering regulated sports betting, with the exception of Nevada, as well as Oregon, Delaware and Montana. New Jersey campaigned for years for the ban to be withdrawn, highlighting the prevalence of illegal sports betting across the US as one of its main arguments. William Hill reacted positively to the ruling, with chief executive Philip Bowcock saying the company will now pursue its plans to launch sports betting services in New Jersey. “This is a landmark moment for sports betting and for William Hill,” Bowcock said in a statement. “Now, all attention shifts to the states, where steps have already been taken to prepare for this day. “Legalised sports betting means that consumers and sports leagues will have greater protection, states will benefit from the raising of taxes and there is the potential for over 100,000 jobs to be created.” Elsewhere, daily fantasy sports firm DraftKings, which went public this year with its plans to expand into sports betting should New Jersey succeed in its bid, is also eyeing up a swift roll-out. Jason Robins, chief executive of DraftKings, told Fox Business: “We’ll be ready; hopefully, we’ll be one of the first ones in. “Almost 80% of our customers today say they already bet illegally on the black market with sports; now we just have to convince them they are going to have a better time doing it with us. “When it’s regulated, we actually have rules around knowing your customers, making sure we have limits in place, making sure that people who want to self-exclude can self-exclude.” FanDuel, a rival of DraftKings, also issued a statement praising the decision and reiterating its plans to launch its own sports betting services. The statement read: “This decision allows us to bring the passion and engagement we have seen among our users to new and expanded marketplaces and create a sports betting product that fans will love.” Caesars Entertainment Corporation, which is already active in sports betting in Nevada, also hailed the news, with president and chief executive Mark Frissora saying: “The Supreme Court’s landmark PASPA ruling creates a golden opportunity to end illegal sports wagering once and for all by creating a well-regulated alternative that sports fans can trust. “As a result, we expect to be able to provide safe, exciting sports wagering experiences to consumers across the country, as we do today in Nevada.” However, there has been a somewhat mixed response from the sports leagues that had supported the expansion of legalised sports betting, but to also uphold integrity within their various competitions. The National Basketball Association (NBA) and Major League Baseball (MLB) had both stated their backing for a wider market but called for a refreshed federal framework to be out in place.NBA commissioner Adam Silver said: “We remain in favour of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it, but we will remain active in ongoing discussions with state legislatures. “Regardless of the particulars of any future sports betting law, the integrity of our game remains our highest priority.” MLB also said: “As each state considers whether to allow sports betting, we will continue to seek the proper protections for our sport, in partnership with other professional sports. “Our most important priority is protecting the integrity of our games; we will continue to support legislation that creates air-tight coordination and partnerships between the state, the casino operators and the governing bodies in sports toward that goal.” The National Football League and the National Hockey League also issued similar statements urging for federal law to be put in place, while the National Collegiate Athletic Association (NCAA) had been opposed to an expanded market and had urged the court to maintain the federal law. The NFL said: “Congress has long-recognised the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events. “Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalised sports betting. The NHL added: “The Supreme Court’s decision paves the way to an entirely different landscape – one in which we have not previously operated. “We will review our current practices and policies and decide whether adjustments are needed, and if so, what those adjustments will look like.”Richard Carter, CEO of sports betting platform provider SBTech, which entered a US strategic partnership with GAN earlier this year, said: “The Supreme Court’s decision is a historic day for the industry and we look forward to working closely with all stakeholders and helping shape an open and responsible environment for sports betting to flourish in the US, which addresses the needs of consumers, law enforcement, regulators, sports integrity, operators and technology providers.”Related articles: US sports betting ban overturned FanDuel outlines sports betting plans in US US sports betting ‘enormous’ opportunity – DraftKings CEOcenter_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 15th May 2018 | By contenteditor Topics: Sports bettinglast_img read more

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DraftKings strikes New York state sports betting deal

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first_img Regions: US New York Topics: Sports betting Tech & innovation DraftKings strikes New York state sports betting deal Launch date uncertain for online and mobile platforms via del Lago Resort & Casino 17th July 2018 | By contenteditor DraftKings has struck a deal with del Lago Resort & Casino that will lead to the daily fantasy sports operator launching a sportsbook via the New York state venue.Under the agreement, following the introduction of a physical offering at the casino in the town of Waterloo, both parties will be able to collaborate on launching a mobile sports wagering app and online sports betting service, pending the authorisation of such services by state legislators.However, iGamingBusiness.com understands that a target launch date for the online and mobile aspects of the sportsbook remains up in the air as the required legislation will not be considered until next year at the earliest after Andrew Cuomo faces an election in November to secure a third term as Governor.A spokesperson for del Lago Resort & Casino told iGamingBusiness.com that several potential partners were considered before DraftKings was selected and that it expects a “significant” impact as a result of the agreement.DraftKings CEO and co-founder Jason Robins marked the announcement by describing the state of New York as “one of the largest revenue opportunities for future sports wagering operators”.DraftKings started working on its sportsbook product a year ago, immediately following the Supreme Court’s decision to take up New Jersey’s challenge to the Professional and Amateur Sports Protection Act (PASPA).The Supreme Court ruled in favour of New Jersey against PASPA on May 15, sparking a flurry of activity across the sector.This is the second sports wagering partnership DraftKings has secured, having announced a similar partnership last month with Resorts Casino Hotel in Atlantic City, New Jersey. DraftKings expects to offer mobile and online sports betting in New Jersey by the start of the NFL season in September.DraftKings is reportedly seeking investments totalling more than $150m (€127m) to drive a major expansion into US sports betting and in June the DFS provider announced a multi-year partnership with Kambi under which the latter will provide the operator with sports betting technologies and services.center_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Sports bettinglast_img read more

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Maltese regulator signs police MoU

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first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Maltese regulator signs police MoU The Malta Gaming Authority (MGA) has signed a Memorandum of Understanding (MoU) with the island’s police force to collaborate on tackling illegal activities in the gambling sector. The Malta Gaming Authority (MGA) has signed a Memorandum of Understanding (MoU) with the island’s police force to collaborate on tackling illegal activities in the gambling sector.The MoU focuses on exchanging information about gaming operations between the Malta Police Force and the regulator, as well as joint operations where the seizure of assets may be required.The two parties will also collaborate on investigations into criminal activity in the gambling sector.“Apart from having a closer collaboration, through this MoU, both parties are also agreeing to share their respective knowledge and to formally provide technical training to each other,” MGA chief executive Heathcliff Farrugia explained.“This agreement is testament to the ongoing efforts of the two entities in continuing their fight against illegal gaming activities in Malta.”Police commissioner Lawrence Cutajar added: “The signing of this MoU with the MGA is one in a string of initiatives which the Malta Police Force under my charge has embarked upon over the past months aimed at combating criminality in general whilst it goes to show our strong commitment to tackle two of the most challenging crime categories, namely financial and computer-related crime.”The regulator has been increasingly active over the past year. In April, the MGA suspended Wish Me Luck Ltd’s gaming licence, with the online raffle website ordered to hand over company data and documentation to assist with an investigation into the business.The authority has also taken similar action against a number of other operators in recent months, including Neptune Entertainment and Triton Gaming, which both had their licences cancelled in March.center_img 21st May 2019 | By contenteditor Legal & compliance Regions: Europe Southern Europe Malta Topics: Legal & compliancelast_img read more

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Natural Intelligence joins RAIG

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first_img Topics: Legal & compliance Marketing & affiliates 22nd January 2020 | By contenteditor Natural Intelligence joins RAIG Israel-based affiliate giant Natural Intelligence has joined Responsible Affiliates in Gambling (RAIG), the affiliate trade body formed last year by Better Collective, Oddschecker and the Racing Post.The marketing business, understood to generate more than $200m in annual revenue a year across a range of sectors, will make its first public appearance as a member of the trade body on the panel ‘RAIG against the machine’ at iGB Affiliate London on 6 February.The panel will clarify the association’s key objectives, address industry concerns and demonstrate the importance of affiliate responsibility in the new compliance-driven gaming environment taking shape in the UK and other markets. RAIG chairman Clive Hawkswood told iGB: “Natural Intelligence have recently joined RAIG, which is great news, and they will be represented on the panel at iGB Affiliate London so that the voice of newer members can be heard alongside those of the association’s founding members.” Natural Intelligence’s director of UK growth James Garmston will be joining Oddschecker’s head of commercial Guy Harding and Better Collective’s director of Business Development Karl Pugh. Completing the line-up is Sarah Ramanauskas, senior partner for research and audit at Gambling Integrity. Having held senior research positions at William Hill and Betfair, Sarah is now RAIG’s social responsibility auditor. RAIG published details of its social responsibility audit in November of last year, aim at being able to show that its members are compliant with all relevant GB regulatory requirements. This process will also be examined in detail during the panel, which will also explore questions around player protection, self-exclusion and responsible advertising as well as affiliates’ relations with gaming regulators, including the reasons why affiliates have so far been largely excluded from industry discussions with regulators and legislators, and how they can work together to rectify this.Visit the iGB Affiliate London website for more information and to register to attend the event. Israel-based affiliate giant Natural Intelligence has joined Responsible Affiliates in Gambling (RAIG), the affiliate trade body formed last year by Better Collective, Oddschecker and the Racing Post.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Legal & compliance Tags: Mobile Online Gambling Subscribe to the iGaming newsletter Email Addresslast_img read more

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ATG defends Swedish limits despite little evidence of problem play

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first_img“In March this year, ATG introduced a mandatory loss limit at casinos. It was no coincidence that the introduction coincided with the advent of the pandemic,” she said. “It has never felt so right to help our customers make active decisions. I do not reject deposit limits or time limits, but if I had to choose a limit, I would choose a loss limit.” Regions: Europe Nordics Sweden AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regtech AB Trav och Galopp (ATG) acknowledged its fears of a sudden rise in problem gambling in the wake of novel coronavirus (Covid-19) have so far proved to be unfounded, but reiterated its support for the country’s casino loss limits. The operator’s head of sustainability and corporate social responsibility Maria Guggenberger claimed the operator’s loss limit introduced in April as Sweden dealt with the novel coronavirus (Covid-19) has been a great success. “What this is due to can only be speculated on,” she said. “Perhaps the answer lies in the fact that channeling is decreasing and that more and more people are playing at unlicensed companies.  However, Guggenberger also noted that despite ATG’s initial fears during the early stages of the pandemic, there has been “no indication that problem gambling has increased” so far. She pointed out pointed out that gambling addiction helplines received fewer calls during the period from March to May. 13th October 2020 | By Daniel O’Boylecenter_img Subscribe to the iGaming newsletter “Maybe it’s because gambling is generally declining. Perhaps the temporary gambling responsibility measures have done an effective job. Tags: ATG Sustainable Gambling Conference Deposit Cap Loss limits It was unclear, Guggenberger said, whether this is down to the Swedish government’s decision to issue a SEK5,000 (£438/€483/$569) mandatory weekly deposit cap for online casino, whether it was due to players playing on unlicensed sites as industry groups have feared, or due to other factors. Topics: Social responsibility Tech & innovation Problem gambling Responsible gambling Regtech ATG defends Swedish limits despite little evidence of problem play Email Addresslast_img read more

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ANJ partners family association to protect minors from gambling harm

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first_img French gambling regulator L’Autorité nationale des Jeux (ANJ) has entered into a partnership with the l’Union nationale des associations familiales (UNAF) in an effort to help protect children and young people in the country from gambling-related harm. Topics: Social responsibility Responsible gambling Regions: Western Europe France ANJ and UNAF will also seek to develop and implement training for staff across the UNAF network so that they can advise and help people impacted by underage gambling. Email Address “Strengthening collaboration and links with associative actors with targeted expertise in these areas and working towards audiences likely to encounter problems with their gambling or with minors is an essential lever for action.” These will include carrying out joint research on the types of minors taking part in underage gambling and their behaviours, as well as developing new materials to promote vigilance of underage gambling among families.  ANJ partners family association to protect minors from gambling harm 16th December 2020 | By Robert Fletchercenter_img Under the arrangement, the two parties will work together on a number of targeted initiatives designed to clamp down on underage gambling. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “The partnership agreement between ANJ and Unaf is part of the regulator’s mission to prevent excessive gambling and protect minors,” ANJ siaid. Subscribe to the iGaming newsletter Last month, the ANJ last month reported a 25.4% quarter-on-quarter increase in online gambling revenue in Q3 to €405m (£365.5m/$494.0m). This was accompanied by a 29.3% increase in active player accounts, to 2.7m. Tags: ANJ Responsible gamblinglast_img read more

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PointsBet to acquire betting supplier Banach Technology for $43m

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first_img16th March 2021 | By Robert Fletcher AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Read the full story on iGB North America. M&A PointsBet Holdings has announced that its Lockspell Limited wholly owned Irish subsidiary has entered into a binding agreement to acquire sportsbook solutions provider Banach Technology. PointsBet also agreed to provide Banach with $4.0m in funding to assist with the conversion process of existing equity options, with this amount to be retained by PointsBet after the acquisition completes. PointsBet to acquire betting supplier Banach Technology for $43m Subject to customary closing conditions, PointsBet said that it expects the deal to go through next month. Regions: US Subscribe to the iGaming newsletter Topics: Sports betting M&A Founded by former Paddy Power employees Mark Hughes, Alex Zevenbergen, Rob Reck and Hadrien Lepretre, Banach provides proprietary risk management platforms and quantitative driven trading models for sportsbook operators. Tags: PointsBet Banach Technology Under the agreement, PointsBet will pay US$43.0m (£31.1m/€36.1m) to purchase Ireland-based Banach on a cash and debt-free basis, with 55% of this to be paid in cash and 45% in shares. Email Addresslast_img read more

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Sportradar agrees to acquire Synergy Sports

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first_img Topics: Sports betting M&A Sportradar agrees to acquire Synergy Sports Read the full story on iGB North America. M&A Expected to close in the second quarter, subject to customary conditions and regulatory approvals, Sportradar said the acquisition will extend its product suite and help broaden relationships with sports organisations worldwide. Tags: Sportradar Synergy Sports Sports data solutions supplier Sportradar has entered a definitive agreement to acquire US-focused automated sports technology solutions and data and video analytics provider Synergy Sports. Sportradar highlighted Synergy’s partnership with the International Basketball Federation (FIBA) in particular and the FIBA Connected Stadium, scheme, which provides teams, leagues and federations with an end-to-end technology platform offering automated video production and graphics. In addition, Sportradar said it will build on Synergy Automated Camera System, Synergy’s video technology, by layering on top its own video and OTT product suite, enabling deeper technology-focused relationships with sports bodies. “Adding Synergy Sports to the Sportradar family will expand our product offering into US college sports data and video analytics and further cements our relationships with the major sports organisations in the US and around the world,” Sportradar Group chief executive Carsten Koerl said. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 22nd March 2021 | By Robert Fletcher Regions: US Email Addresslast_img read more

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Evolution seals new PlayLive! deal in Pennsylvania

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first_img Companies: Evolution Gaming Topics: Online casino Real the full article on iGaming Business North America. Tags: Evolution Cordish Companies AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 29th March 2021 | By Richard Mulligan The games are expected to go live via PlayLive! in the second quarter of 2021. Under the deal, Evolution’s Philadelphia studio will be responsible for supplying the games, including game show-style gaming and first-person offerings. center_img Online casino Evolution seals new PlayLive! deal in Pennsylvania Subscribe to the iGaming newsletter Evolution has signed a new agreement with Cordish Gaming Group, a division of real estate and entertainment business Cordish Companies, to provide players in Pennsylvania with online live casino and first-person RNG-based games via the PlayLive! site. Regions: US Pennsylvania Email Addresslast_img read more

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IPL 2020 Auction: KKR acquire Lad in pre-auction trading

By on August 18, 2021

first_img Previous articleBig Bash League: Steve Smith back after six yearsNext articleTokyo 2020 names 19th Domestic Official Supporter Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. TAGSIndian Premier League 2020Indian Premier League 2020 pre-auctionIPL 2020IPL 2020 AuctionIPL 2020 Auction LiveIPL 2020 pre-auctionIPL auctionIPL Auction 2020IPL Auction 2020 DateIPL Auction 2020 LiveIPL Auction 2020 ScheduleIPL Auction LiveKKRKolkata Knight RidersMumbai IndiansSiddhesh Lad SHARE Cricket Cricket WTC Final Day 3 Stumps: India remove Conway and Latham; NZ 101/2 (49 ovs) trail by 116 runs ENG-W vs IND-W: Sneh Rana reveals England sledged a lot but we did not pay attention By Kunal Dhyani – November 15, 2019 Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Courtesy: IPLT20.com Kolkata Knight Riders have acquired Mumbai Indians batsman Siddhesh Lad in the pre-auction trading window for the Indian Premier League 2020.“Mumbai batsman Siddhesh Lad will turn out for Kolkata Knight Riders in the upcoming season of the VIVO IPL following a successful trade by Mumbai Indians,” IPL has stated on a its official website. Euro 2020, Switzerland vs Turkey LIVE: Shaqiri adds another as Switzerland lead 3-1; Follow Live Updates BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check Cricket Cricket Football Cricket Latest Sports News PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow… Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Cricket Share on Facebook Tweet on Twitter IPL 2020 Auction: KKR acquire Lad in pre-auction trading WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video RELATED ARTICLESMORE FROM AUTHOR CricketIndian premier leagueIndian premier league 2020Latest Sports NewsSports BusinessNewsSport Cricket by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCBS NewsThink Your Commute Is Safe? You Need To See This.CBS NewsUndoPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickUndoGeorgetown UniversityLearn from Anywhere This Summer with Georgetown’s Online Summer CoursesGeorgetown UniversityUndoLad, who was with Mumbai Indians since 2015, played his first IPL game last season when he was included in the playing XI as captain Rohit Sharma was ruled out of the game against Kings XI Punjab owing to an injury. He hit a six off the first ball he faced and scored 15 runs from 13 balls in his debut game.Read: IPL 2020: Mumbai Indians strike deal for Delhi Capitals’ seamer BoultMumbai Indians also traded West Indies all-rounder Sherfane Rutherford from Delhi Capitals while releasing spinner Mayank Markande, who has now been traded from Delhi Capitals to Rajasthan Royals. Al eight franchises will be submitting their final retention list to the BCCI by 5 pm on Friday.The IPL trading window concluded yesterday (Thursday). All the deals are not announced as yet.Read More: IPL 2020: Mumbai Indians trade Markande for Sherfane Rutherford WI vs SA 2nd Test Day 3 Live: South Africa lose early wickets; SA 35/2 (11 ov)- Follow Live Updates Facebook Twitterlast_img read more

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