Online Casino News From Around the Globe

Liquor & Gaming NSW Set To Probe Complaint By Lottoland Over Tatts Misinformation Campaign
May24

Liquor & Gaming NSW Set To Probe Complaint By Lottoland Over Tatts Misinformation Campaign

Lottoland have received some good news in Australia as the Liquor & Gaming NSW have announced they will be probing claims that the Tatts Group funded a $5m misinformation campaign against Lottoland. The regulator will be assessing the complaints filed by Lottoland that claim that the Tabcorp–owned Tatts Group have breached their license obligation to act honestly. As we have reported in the last few months the media was between Lottoland and Tatts has been as dirty and hostile as it gets. Lottoland is under increasing pressure as many individual states look to ban what has become dubbed as “synthetic lotteries”. In the meantime Lottoland has offered revenue share based plans to newsagents in an attempt to get their backing. Liquor, Gaming & Racing deputy secretary Paul Newson said that they will respond to the complaint and see if any further remedial action or referral to another regulatory or law enforcement agency is required. Lottoland’s Australia CEO Nigel Brill sent a letter to NSW Racing Ministers Paul Toole in which he claimed that Tatts funded a $5m national campaign aimed at eradicating Lottoland as a competitors and keeping Tatts a monopoly. In terms of the NSW Public lotteries Act a licensee has to be,” good repute, having regard to … honesty and integrity”. If Lottoland’s complaint is found to be justified disciplinary action can be imposed on Tatts that includes suspension of...

Read More
Paddy Power Betfair Acquire FanDuel In Move To Dominate Sports Betting Landscape
May23

Paddy Power Betfair Acquire FanDuel In Move To Dominate Sports Betting Landscape

Following recent reports it has now been confirmed that daily fantasy sports provider FanDuel have been acquired by Paddy Power Betfair. This move follows the US Supreme Court decision legalizing sports betting in the US. The hectic rush to gain market share in the sports betting market is growing by the day. FanDuel’s 7 million registered users are key to Paddy Power Betfair’s plans to become a major player in the legal sports betting market in the US. In terms of the deal Paddy Power will merge its assets with FanDuel and pay an addition $158 million in cash. This cash will be used by FanDuel to reduce their existing debt. The deal structure will see Paddy Power own 61% of the combined entity with options to increase their ownership to 80% after three years and 100% after a five year period. The total value of the deal is set to be worth around $1 billion. FanDuel CEO Matt King commented on the deal and said,” The talks have been ongoing well before the Supreme Court decision. We’ve had a relationship with the company for a long time.” The new merger is aimed at making FanDuel the largest gaming operator in the US ahead of their rival DraftKings. Another previous acquisition DRAFT was acquired by Paddy Power Betfair last year for $48 million. This now will be merged in the new combined entity according to King. Further details like who will  head of the combined entity have yet to be announced and according to sources from both parties there is a lot of “excitement and anxiety” about the...

Read More
GAN Poised To Expand Aggressively In US Following $10m Cash Injection
May22

GAN Poised To Expand Aggressively In US Following $10m Cash Injection

We reported on the partnership between GAN and SBtech following the US Supreme Court decision that lifts the federal ban on sports betting. It would seem that GAN have received a major boost in light of the new opportunities as they have announced that they raised $10m through the sale of Subscription Shares. This cash will be used to expand their US operations and will be utilized to expand their existing position in the US. GAN CEO Dermot Smurfit commented on the new round of capital raised and said,” This strategic capital raising exercise positions GAN to consolidate its US market position and capture substantial incremental revenue opportunities available resulting from both Internet gaming and sports betting regulation in New Jersey, Pennsylvania and other US States expected to regulate Internet gambling in the near future.” GAN has a significant advantage in that they have been operating in the US market for a while now both on the real money front and social casino sides. In New Jersey they work on the Betfair online casino site who operate under the Golden Nugget Gambling license. They also are in stages of development for a website with the Ocean Resort Casino. With Pennsylvania expected to open up real money gambling , GAN already provide Parx Casino and Racing with their social casino software which will make the switch to real money gambling that much easier as soon as all the regulatory paperwork has been approved by the state. In addition GAN has over 14 deals in place with casino operators who use their social casino software. Europe is also a market where GAN operates and they have 10 regulated online gambling sites. Given all of this it would seem that GAN are one of those companies to look out for as the US  sports betting revival takes...

Read More
NFL Commissioner Wants Uniform Regulations for Sports Betting
May21

NFL Commissioner Wants Uniform Regulations for Sports Betting

We have reported in the last few years on the ever changing polices of the major sporting bodies like the NFL regarding legalizing sports betting. With the legalization a reality now there is going to be a lot of legal haggling as to the exact details of how this will happen on the ground. In a statement released by NFL Commissioner Roger Goodell on Monday he made it clear that the NFL wanted a federal framework to govern sports betting.  He reiterated the NFL’s traditional stance in that their main concern was to protect the integrity of the game as well fans. The statement said,” As it was for my predecessors, there is no greater priority for me as the commissioner of the National Football League than protecting the integrity of our sport. Our fans, our players and our coaches deserve to know that we are doing everything possible to ensure no improper influences affect how the game is played on the field. This week’s ruling by the Supreme Court has no effect on that unwavering commitment.” He went on to say that the NFL is prepared to approach the legalization of sports gaming in a thoughtful and comprehensive way but with substantial education and compliance trainings for  their clubs, partners and employees. Goodell said that the NFL is asking Congress to enact uniform standards based on four core principles that include consumer protections, protection of intellectual property for clubs, ensuring fans have reliable access to league data and ensuring law enforcement have all the resources required for enforcement that would protect fans from bad...

Read More
Kambi Enters US Sports Betting Market With Rush Street Interactive Deal
May17

Kambi Enters US Sports Betting Market With Rush Street Interactive Deal

The legalization of sports betting in the US has opened the floodgates for both online operators and sports betting solution providers who are ready to capitalize on this market. We reported on SBtech partnering with Churchill Downs and GAN. Today online sports betting service provider Kambi who are owned by the Kindred Group have announced they have entered into a partnership with Rush Street Interactive which will see Kambi’s sportsbook product being integrated into Rush Street’s online gaming platform. The Chicago based Rush Gaming operates four brick and mortar casinos in the states of New York, Illinois and Pennsylvania, along with an online casino site in New Jersey. Currently local lawmakers have already put in place legislation to legalize sports betting in two of the states where Rush operate and the other two stated have legislation pending. President of Rush Interactive Richard Schwartz commented on the partnership with Kambi and said,” Rush Street Interactive was founded on the key principles of providing entertaining and memorable experiences to our customers, without compromising on integrity. Therefore, when deciding to launch a sports betting product, it was key we chose a partner who shared those principles, and at the same time provided us with the opportunity to launch a premier product firmly aligned with Rush Street’s focus on innovation and player experience.” He added that following the Supreme Court decision they look forward to launching a sports book solution in the US as well as in other global regulated markets. Kambi CEO Kristian Nylen gave his side of the partnership and said,” This agreement with Rush Street Interactive, one of the most respected gaming companies in the U.S., is recognition that Kambi not only has online premium sports betting services ready to appeal to American sports enthusiasts, but those services will help protect the integrity of...

Read More