The companies will keep the Caesars name, after finalizing the terms of the merger in 2020. With a strong sports betting market share, Caesars will be able to capitalize on the online market. A spinoff online betting company is possible, creating an extra revenue stream … Read more
Net Income for Caesars increased by 4.9% while income from operations decreased 4.6% in Q2. Caesars Entertainment announced on June 24, 2019, that the company will merge with Eldorado Resorts. Caesars also plans to open sportsbooks in Iowa, Illinois, and Indiana. LAS VEGAS – Stakeholders … Read more
There are now 25 members that are a part of iDEA Growth. iDEA Growth wants to create a unified voice to advocate for mobile sports betting. iDEA Growth wants to make sure that mobile sports betting is included in sports betting bills. WASHINGTON – As … Read more
The Indiana Gaming Commission is expected to approve its proposed sports wagering regulations on August 28, 2019. Indiana sports betting law allows licensed casinos to begin sportsbook operations on September 1, 2019. Neighboring states Ohio and Michigan still have a chance to legalize sports betting … Read more
DraftKings operates both a retail and online sportsbook in New Jersey as well as a retail sportsbook in Mississippi. This marks the second sports betting partnership for the MLB, as the league signed a deal with MGM resorts last November. DraftKings will now have access … Read more
Betting action has surpassed $9 billion since May 2018 – when PASPA was repealed by the Supreme Court. Using the hold percentage from sportsbooks is the best indicator of sports bettors’ success. Sportsbooks have seen their hold percentages decrease in every financial quarter since Q3 … Read more
The only current forms of gambling in Nebraska include horse racing, keno, class II gaming at tribal casinos, and the state lottery. NE Governor Pete Ricketts has previously shown strong opposition to the expansion of gambling. Neighboring states such as Colorado, Iowa, Kansas, Missouri, and … Read more
PointsBet is expanding into Illinois via its partnership with the Hawthorne Race Course. The Australian sportsbook company got its US start in New Jersey. Illinois sports betting was legalized last week. SPRINGFIELD, Ill. – PointsBet, the upstart Australian sportsbook, is expanding its footprint in the … Read more
SBTech is an international supplier of online sports betting and iGaming platforms. Melissa Riahei previously served as General Counsel to the Illinois Lottery. SBTech currently has partnerships with Churchill Downs, Golden Nugget, and Resorts Casino Hotel. TALLAHASSEE, Fla. – SBTech, an international supplier of online … Read more
The American Gaming Association is often cited for its research into the US sports betting industry. Three leaders will assume additional responsibilities in light of the departure of two executive vice presidents. WASHINGTON – The American Gaming Association (AGA), a pivotal advocate for the US … Read more
Sports betting in Illinois was passed by the state legislature as an amendment to the bill IL SB 690. Sports gambling will be legal through both retail sportsbooks and statewide mobile wagering apps. Illinois is the fifth state to officially legalize sports betting this year. … Read more
SBTech won the Sports Betting Supplier of the Year Award at the eGR B2B Awards 2019 for the first time ever. The company has been operating in the US since 2018 and has established partnerships with both casino operators and state governments. SBTech was also … Read more