Online Casino News From Around the Globe

NBA and MLB  Looking To Ditch Equity In DFS Operators DraftKings and FanDuel
Apr19

NBA and MLB Looking To Ditch Equity In DFS Operators DraftKings and FanDuel

There is a lot of scrambling going on ahead of the possible legalization of sports betting in the U.S. With a decision expected anytime now from the Supreme Court it is clear that major sporting bodies like the NBA and MLB are positioning themselves to be ready to take advantage of a multi-billion dollar market that could legally open up. We have reported recently that the major sports leagues are indeed in favor of legalizing sports betting but want a percentage of the profits which is highly contentious. Many are quick to criticize these bodies for worrying more about getting a piece of the pie than maintaining the integrity of the game which has always been their stated objection as to why sports betting should not be legalized on a federal level. In an interesting development it seems that both the MLB and NBA will be selling their equity in DraftKings and FanDuel in an attempt to avoid public criticisms of their potential vested interest in the legalization of sports betting. In a report from ESPN’s Darren Rovell it was bandied about that both leagues have indeed started discussions to ditch their equity positions in DraftKings but will remain partners with DraftKings. MLB have reportedly held equity in DraftKings dating back from 2013 and the NBA took an equity position in FanDuel from 2014. The NHL is also reportedly an equity holder in DraftKings. The report comes at a time that DraftKings has openly confirmed their plans to create a sports betting product which will be ready to launch following a legal ruling allowing it to do so. With the major leagues lobbying for legalization on their terms they just have to avoid giving the obvious impression they they are players and not equity stakeholders in companies that would directly benefit from...

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Lottoland Get Lease Of Life From Rival Newsagent Group NANA
Apr18

Lottoland Get Lease Of Life From Rival Newsagent Group NANA

Online lottery operator Lottoland have got their hands full in Australia if they are to continue operating there. As we reported the Australian Government is looking to ban companies like Lottoland who offer betting on the outcome of actual lotteries. In an attempt to gain the support of newsagents Lottoland offered a 20% revenue share to Australian Lottery and Newsagents Association (ALNA) which was rejected by them as a cheap publicity stand. However rival newsagent group NANA the Newsagents Association of NSW and ACT has now opened the door with Lottoland for further discussions. In a statement NANA said that they will continue to negotiate with Lottoland with the aim of benefitting their members. They went on to say that they will not dismiss any genuine offer to work with Newsagents as this could cost their members millions of dollars in lost income. Whether the offer made by Lottoland it NANA is different to that made to ALNA remains to be seen but from the positive comments it would seem so. A major factor been taken into account by NANA is the possibility of a monopoly been created by Tatts should other operators like Lottoland indeed be banned. The group said in a statement,” Newsagents are sick and tired of being used as cannon fodder by the likes of Tatts Group Lotteries and associations that act as their mouthpiece.  NANA is working with those Newsagents to work out what will be best for...

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DraftKings To Expand Offering To Australia
Apr17

DraftKings To Expand Offering To Australia

Daily fantasy sports giant DraftKings seems to have recovered from the legal battles and uncertainty that have plagued the DFS industry in the last few years. After lengthy and expensive legal battles and a failed merger with rivals FanDuel,it would seem that DraftKings have got a new lease of life and are back to their old ways of expansion and growth. Today they announced they will begin to offer DFS contests in Australia in Q2 of this year. This is a significant development as Australia are known to be sports and gambling fanatics. DraftKings has been issued a license by the Northern Territory Racing Commission under which it is permitted to offer DFS down under. There is an estimated 1.65 million DFS players in Australia according to King & Wood Mallesons which makes it a potentially huge market. CEO of DraftKings Jason Robins was delighted with the new market entry and said,” Within the last few years, Australia’s burgeoning fantasy sports market has dramatically evolved, adding a variety of daily fantasy sports platforms, feeding the appetite of the many passionate sports fans who love getting closer to the teams, athletes and sports they love. Australia is an important market for DraftKings, as it combines devoted sports fans with sophisticated, tech-savvy consumers – exactly the kind of people who love competing on DraftKings.” Currently DraftKings is available in eight countries and Australia will be the first one outside of North America and...

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SG Digital Positioning Itself For Legal Sports Betting In New Jersey
Apr16

SG Digital Positioning Itself For Legal Sports Betting In New Jersey

The future of legal sports betting in the U.S. could be drastically changed ahead of the much anticipated Supreme Court decision that could repeal the 1992 PASPA Act and legalize sports betting within the Garden State. As we have reported there has been a lot of activity behind the scenes as many believe that there could be a major shift in federal policy following a possible favorable decision. Companies like DraftKings have made no secret as to their plans to have a sports betting product waiting to go if and when the legal situation allows. The latest to capitalize on the momentum is Scientific Games Corporation who through their OpenBet sports betting solution have announced they have already started sportsbook product review sessions with New Jersey’s Division of Gaming Enforcement (DGE). OpenBet have an advantage already as their Open Platform System (OPS) is already certified in New Jersey and they are known to the regulators. Group CEO of SG Digital Matt Davey went on to say that ,” We work closely with the DGE to ensure responsible gaming experiences and congratulate the effort of the DGE and the state of New Jersey for taking progressive action to help create a safer sports betting market for the public. We are setting the foundations well in advance to help our partners establish themselves early in the emerging territory.” SVP of Sportsbook and Platforms at SG Digital, Keith O’ Loughlin went on to say that they believe that legal sports betting is a possibility in the U.S. and they aim to ensure that they have a fully compliant product ready to launch wherever the marketplace allows. He went on to say,” OpenBet has built a strong reputation as a trusted sportsbook provider in Europe, and we’re confident we can replicate that success in the U.S. and all other emerging regulatory territories. We have spent time considering U.S. customer needs and are focused on ensuring that the user experience is of high standard and can be delivered with...

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New Jersey Continues To Break Online Gaming Revenues In March
Apr12

New Jersey Continues To Break Online Gaming Revenues In March

New Jersey continues its upward trend for online gambling with yet another record broken in the month of March. The New Jersey Division of Gaming Enforcement (DGE) released the latest figures on Thursday and reported an all-time high of $25.6m generated in online revenues for the month of March. Thus represents a 17.6% increase year-on-year. The $20m mark is now routine as March marked the 13th consecutive month that this mark has been reached. As expected the online casino vertical makes up most of the revenues with $23.6m while online poker still continues to lose momentum with another decrease of 12.7% to $1.97m. Once again the Golden Nugget is the standout performer with a new record of $8.65m in March to a 40% year-on-year increase. The previous record was in February with $7.88m. The second place was the Borgata which won $4.6m which was only slightly higher than which the $4.35m generated in the same period in 2017. Third place went to Caesars Interactive entertainment that won $4.4m which is a significant increase from the $3.3m earned last march. Fourth place went to Resorts Digital Gaming with $4.2m and Tropicana made up fifth place with...

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New Social Casino Operators Targeted In Washington State
Apr11

New Social Casino Operators Targeted In Washington State

The free-to-play or social casino market has got a free pass from legislators ever since its inception. The idea of playing for virtual chips has been largely accepted as a legal form of entertainment and not gambling. That has all changed recently with what many consider an opportunist decision adopted by a court in the state of Washington. In the much talked about ruling in Washington State the court declared social casino games of Big Fish Games to be illegal gambling. In terms of the ruling the state defined illegal gambling as risking “ something of value” on the outcome of a contest of chance of future event which is beyond the gambler’s control. According to the judge the virtual chips of Big Fish did represent something of value as they are the only means by which players could play on the website. This ruling has now led to a flurry of claims against four other social casino giants including Playtika, DoubleDown Interactive, High 5 Games. According to GeekWire these companies are now been sued for violating Washington’s gambling laws. The headaches and possible legal sanctions have already resulted in online poker giant PokerStars removing their free-to-play product for Washington State. This could also well have a knock on effect with other social casino companies who would opt to play it safe and avoid lengthy and expensive legal...

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