Industry News of the Day for December 12, 2018

iDEA Growth in the news:

• PlayNJ, 12.12.18 – How Online Gambling Made Room for Two New Casinos in Atlantic City (iDEA Growth included)

 

Industry news of the day:

Pennsylvania:

• Online Poker Report, 12.11.18 – Here’s Everything We Know about PA Online Poker and Casinos
  • Following passage of an omnibus expansion package in 2017, Pennsylvania is drawing closer to the launch of online gambling — including poker, casino and sports betting. The latter went live in the brick-and-mortar setting in November 2018.

New Jersey:

• NJ Online Gambling, 12.11.18 – NJ’s Proposed New DFS Rules would Both Encourage and Discourage Smaller Operators
  • The days of daily fantasy sports operators scrambling to distance themselves from terms like “gambling” and “sports betting” are over, and this hasn’t gone unnoticed by the New Jersey Division of Consumer Affairs.
• NJ Gambling Sites, 12.11.18 – Resorts Atlantic City CEO: Our Online Sportsbook Coming ‘Hopefully in the Next Month’
  • When it comes to legal sports betting, 2018 has been an extremely busy year for Resorts.
• Press of Atlantic City, 12.11.18 – N.J. clears Australian company for online sports betting
  • New Jersey has given preliminary approval for an Australian sports book provider to offer online sports betting.
• Nj Gambling Sites, 12.11.18 – Report: Freehold Raceway Lines Up deals to Enter NJ Sports Betting Landscape
  • A recent confirmation from Penn National Gaming indicates that Northern New Jersey will be part of the next expansion of NJ sports betting.

Minnesota:

• Minn Post, 12.11.18 – Could legalized sports betting be coming to Minnesota sooner rather than later?
  • Many supporters of gambling expected that a case that went before the U.S. Supreme Court a year ago would finally open the door to sports betting nationwide — even if the court’s ruling on the case came too late for most states, Minnesota included, to do much about it in 2018.

Ohio:

• Cleveland.com, 12.11.18 – Ohio lawmaker pitches new betting tax for pro sports leagues
  • An Ohio lawmaker is going to bat for pro sports leagues by suggesting that an interstate agreement be struck giving the major leagues a cut of the sports gambling action.

 

Federal updates:

• Online Poker Report, 12.11.18 – US Senator On Sports Betting Proposal: Bad Actors, Tainted Assets Need Not Apply
  • Sports betting is a hot topic in state legislatures, and the federal government wants in on the discussion.

 

Sports league updates:

• Legal Sports Report, 12.11.18 – NASCAR Shifts Sports Betting Into Higher Gear With Sportradar Integrity Deal
  • Look no further than Sportradar for a prime case study. As one of the leading suppliers of sports data services, its valuation soared to $2.4 billion among a group of new investors this past summer. And that figure has grown since.
• ESPN, 12.11.18 – NBA partners with online sportsbook operator The Stars Group
  • The NBA has added another gaming partner in the expanding U.S. sports betting market.

 

Member updates:

• Online Poker Report, 12.11.18 – 888 Strengthens US Online Poker Arm with All American Poker Network Buyout
  • 888 Holdings is now the sole owner of the All American Poker Network (AAPN) following a $28 million buyout of its investment partner, Avenue Capital.
• iGaming Business, 12.12.18 – NetEnt launches Ninja Casino
  • Players at Ninja Casino can now enjoy a virtual live casino with NetEnt’s fully-immersive, live casino experience.

 

Overall industry updates:

• Sports Handle, 12.11.18 – Consumer Electronics Show Will Put Sports Technology Front and Center
  • Technology continues to be a primary catalyst driving the explosion of interest in sports, and subsequently sports wagering in the U.S., a fact noted by the organizers of the 2019 Consumer Electronics Show (CES) in Las Vegas Jan. 8-11.
• NJ Online Gambling, 12.11.18 – American Dream Could be a Nightmare for Sports Bettors at the Meadowlands Next Fall
  • Many brick-and-mortar-loving sports bettors made a point of heading to the Meadowlands Racetrack’s FanDuel Sportsbook this past Sunday, knowing it was one of the rare fall Sundays when the Jets and Giants both were out of town.
• iGaming Business, 12.12.18 – Unibet partners Evolution to aid US igaming launch
  • Kindred Group’s core Unibet brand is to expand its existing relationship with Evolution Gaming to support its launch into the US, with an initial focus on the regulated New Jersey market.
• Sports Techie, 12.12.18 – Six Months After PASPA Ruling, Mobile Sports Betting Is Stuck in Place
  • More than six months ago, the United States Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), the federal law that prohibited states from permitting sports betting. Since then, state legislatures and gaming agencies have been busy establishing regulatory frameworks to legitimize the sports betting market, whose illegal industry is estimated to be valued at $150 to $400 billion.