FSB has been “unanimously recommended” for a Nevada licence by the state’s Gaming Control Board, marking a “significant step forward” in the sports betting and igaming service provider’s commercial strategy. If awarded a Manufacturers and Information Service Provider licence, FSB will be able to supply both its wagering and icasino services across the Silver State. FSB explained that the provision …
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Market-by-market, regulators face critical choices in how to govern the intricacies of managing product liquidity vital for all online gambling disciplines. Martin Lycka, Entain Plc’s Senior VP of North American Regulatory Affairs and Responsible Gambling examines how regulators should approach online gambling’s complex liquidity conundrum, maintaining a balance between effective market management and commercial appeal for consumers. ____________________ Liquidity is …
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The Esports Integrity Commission (ESIC) has declared that it carries no special interests for the sports betting sector, maintaining its independence as an organisation strengthening all esports integrity dynamics. This weekend, ESIC issued its statement ‘to clear false narratives’ regarding recent legislative developments related to the US market, its relationship with games developers and its duties policing integrity matters. “Whilst …
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Further to publishing its Q3 trading statement this morning, FTSE bookmaker William Hill confirms that its ‘US division’ will expand its Las Vegas footprint by acquiring the sportsbook assets of CG Technology. CG Technology has operated Nevada-based sportsbooks since 2009, establishing six luxury wagering premises in The Venetian, The Palazzo, The Cosmopolitan, Palms Resort, the Tropicana and Silverton Casino. Furthermore, …
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Joe Asher, CEO at William Hill US, told SBC Magazine that he is a “big believer” in the power of live streaming. He also explained how US success is key for the popularity of sports outside of the ‘big four’, before confirming that the company’s core Nevada business will continue to fund its investment in other states. SBC: What is …
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Publishing its interim 2019 results (26-week period ending 2 July), FTSE250 William Hill Plc details solid progress on the firm’s five-year business transformation strategy (announced November 2018) focusing on the three core areas of digital expansion, US market growth and retail realignment. Updating investors, William Hill stated that H1 2019 trading reflected the ‘different challenges and opportunities’ that the group …
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Kambi Group has significantly advanced its US profile by securing a ‘multi-state sportsbook services agreement’ with Penn National Gaming. Updating investors, Kambi details that it will become the lead sports betting systems and software supplier to Penn National, ‘North America’s largest regional gaming operator’, servicing both its on-property and digital disciplines. Nasdaq-listed Penn National operates more than 40 gaming facilities …
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A year following PASPA’s downfall, Industry strategic consultancy Regulus Partners details why the US market has delivered in value and expectations for all betting incumbents… ________________ A year on from the Supreme Court’s historic overturning of PASPA and there are no suggestions so far that expectations will be disappointed. On a run rate basis, the US sports betting market has …
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A series of ‘elearning’ courses have been rolled out by iGaming Academy in a bid to teach individuals about the online sports betting market across the US, outlining the key principles that constitute a successful sportsbook. Offering regulatory information on New Jersey, West Virginia, Mississippi, Pennsylvania and Nevada, the compliance and skill training provider will offer a flagship US Online …
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Issuing a market update, Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has announced that it will move to offer (subject to market conditions) $1.1 billion in senior unsecured debt notes. SGC’s latest debt transaction will be offered to private investors through wholly owned subsidiary Scientific Games International, with the technology group detailing that the unsecured debt notes will be …
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