Legal Sports Betting News
First Four Vendors Approved For TN Sports Betting Licenses
NASHVILLE, Tenn. – The Tennessee Education Lottery (TEL) has now licensed four sports betting vendors in preparation for the launch of the state’s new legal sports betting industry slated for September. Vendors are companies that work with actual sportsbook operators by providing services needed for their businesses to run smoothly. There are presently three major sports betting brands seeking licenses in ...
PlayUp Appoints New CEO, Looks To Tackle US Sports Betting Market
NEWARK, N.J. - PlayUp, one of the top Australian sports betting companies, is set to join the ever-growing US sports betting market. The company has over 300,000 players that wager through the sports betting app in Australia and New Zealand and they are hoping to work with the states that have legalized online betting to add to those markets as well. After acquiring five sites for sports wagering, the PlayUp ...
DFS Game, PrizePicks Receives $850,000 In COVID-19 Relief Funds
ATLANTA – Atlanta-based daily fantasy sports operator PrizePicks has received $850,000 in bridge funding from a group of investors led by Parlay Capital Holdings in response to the pandemic. Bridge funding is a form of temporary funding to cover short-term operating costs and expenditures when a company experiences an unexpected downturn and does not have the needed cash reserves to cover short-term losses. ...
The IIHF Suspends Seven Players In Belarus For “Game Fixing”
MINSK, Belarus – Seven hockey players are under investigation for fixing a Belarus Extraliga game in November and have been suspended by the International Ice Hockey Federation (IIHF) until the case is closed. The game in question occurred on November 12 in Maladzyechna where HK Dynama-Maladetchna played against HK Mogilev and Dynama was the heavy favorite to win by sportsbooks. At the beginning of the third ...
Illinois Mobile Betting Set To Expand With DraftKings Deal
SPRINGFIELD, Ill.- DraftKings is officially set to operate in the Illinois sports betting market thanks to a new deal. The popular sports betting operator will offer both land-based and mobile sports betting to residents of the Prairie State. Thanks to partnering with Casino Queen, DraftKings was able to curate the deal in Illinois in time for the deadline. Had DraftKings missed the deadline, the sports betting ...
Bellagio Employee Error Caused Huge Loss for Las Vegas Sportsbook
LAS VEGAS – MGM Resorts Las Vegas sportsbook, Bellagio, has experienced an almost $250,000 loss due to a simple human error. Incorrect start times were posted at the sportsbook allowing bettors to place bets on games that had already started. There were about 50 wagers placed on KBO League and the Chinese Professional Baseball League games at the Bellagio resort. The bettors used the self-service kiosks from ...
Revenue For Churchill Downs Falls 5% Due To Nationwide Closures
LOUISVILLE, Ky. – The Coronavirus Pandemic has not been good for business with Churchill Downs Incorporated (CDI). For months they have been taking revenue hits due to the required closures of their locations to prevent the spread of COVID-19. Calder Casino, home to a frequented horse racing track in Miami, has had to suspend reopening its establishment as a result of the high number of cases of the virus being ...
New Sports Betting Restrictions Threaten England, Scotland
LONDON – New government restrictions on sports betting are threatening both the English Football League (EFL) as well as the entire Scottish brick-and-mortar sports betting industry. In England, the UK government is considering a blanket ban on gambling sponsorships for Premier League and EFL teams, with the Premier League ban being enforced immediately and the EFL ban being delayed until 2023. In Scotland, the ...
Addressing The COVID-19 Budget Crisis With Sports Betting
LAS VEGAS – States are facing a mounting budget deficit after the economic havoc caused by the COVID-19 pandemic, and many states are considering sports betting as a potential way to address that deficit. The Center on Budget and Policy Priorities estimates that COVID-19 will have a $615 billion impact on state budgets during the 2020 fiscal year. The data backs that up so far, as state governments have laid off
Which Airline And Car Company Will Accept Bitcoin First?
FORT WORTH, Tx. – Cryptocurrency is becoming a more and more acceptable form of payment every day as bigger companies are starting to accept Bitcoin. Legal sports betting sites have odds posted for both which airline and which car manufacture will be the first to accept Bitcoin as payment. Airline Accepting Bitcoin There are a few airlines that are already accepting Bitcoin as forms of payment. Those airlines ...
