Industry News of the Day for August 12, 2020

iDEA Growth Member News:

Industry News:

  • Sports Handle, 8.11.20 – Big Ten, Pac-12 Postponements Could Wreak Sports Betting Havoc
    • It was the first domino no one in college football or the sports betting industry wanted to see fall, but both the Big Ten and Pac-12 announced Tuesday they are postponing their respective 2020-21 fall sports seasons — including football — due to the ongoing health and safety concerns created by the COVID-19 pandemic.
  • Legal Sports Report, 8.11.20 – Will Caesars Be Part Of Next US Sports Betting Spinoff?
    • There’s been talk of the combined Caesars and Eldorado company spinning off its sports betting and iGaming business since news of the merger.
  • Gambling Compliance, 8.12.20 – Caesars Entertainment Plans Sports-Betting Move By End Of 2020 (subscription paywall)
    • The newly-merged Caesars Entertainment is expecting to make a move on its sports-betting profile by year’s end, while its partner William Hill says it plans to operate a dual brand strategy in the United States.
  • Sports Handle, 8.11.20 – MGM’s New Shareholder Thinking Online Gaming, Sports Betting
    • A 12% purchase — for $1 billion — in an iconic brand such as MGM Resorts doesn’t automatically raise so many eyebrows. But on Monday, billionaire Barry Diller’s IAC not only made that investment – Diller had an intriguing reason why.

Overall Industry News:

Federal News:

  • Gambling Compliance, 8.12.20 – Joe Biden’s Historic Running Mate Clashed With California Gaming Tribes (subscription paywall)
    • The historic selection on Tuesday of Democratic Senator Kamala Harris by Joe Biden to be his running mate could be problematic for California tribes, but the Indian gaming industry seems ready to move on from the Trump administration.

Sports League News:

  • US Bets, 8.11.20 – BetMGM Enters Partnership With NASCAR, Will Expand In-Race Betting
    • BetMGM announced it has entered a multi-year partnership with NASCAR on Tuesday, becoming the auto racing circuit’s authorized gaming operator and allowing the sportsbook to expand its in-race sports betting offerings starting in the 2021 season.

New Jersey: