Industry News of the Day for January 24, 2023
- Legal Sports Report: Analysis: How Can Fanatics Sportsbook Launch Up To 20 States In 2023?
- The first Fanatics Sportsbook opened Friday at FedExField for Maryland sports betting, kicking off a big year for the upstart entry. Along with the announcement Fanatics opened its first retail sportsbook, the company also received approval for its Massachusets sports betting license from regulators this month.
- Sportico: Courtside Ventures $100M Fund Targets Sports- And Betting-Related Investments
- Venture capital firm Courtside Ventures announced the close of its third fund Thursday, with $100 million coming from people including owners, athletes and industry executives. Courtside—which has previously invested in The Athletic, StockX and 100Thieves, and currently has investments in more than 80 companies—said it plans to find startups across sports, collectibles, wellness and gaming. It also expects to grow its international portfolio.
- Legal Sports Report: Lawmaker ‘Cautiously Optimistic’ On Redesigned Hawaii Sports Betting Bill
- After years of failed attempts, local lawmakers are hoping a stripped-down approach to Hawaii sports betting can make legalization a reality. A bill (H.B. 344) filed Jan. 20 by Rep. Joe Mizuno seeks to create the legal framework for HI sports betting, but unlike previous proposals it makes no mention of casinos, slot machines, tax rates, fees or ownership criteria.
- PlayIndiana: New Bill Hopes To Legalize Video Gaming Terminals In Indiana
- A new bill is hoping to legalize Video Gaming Terminals (VGTs) in Indiana. Under the proposed legislation, local bars and restaurants would be able to install VGTs at their locations. That would let Hoosier plays games like electronic poker and blackjack all around the state. Indiana casino games are incredibly popular, so adding VGTs would tap into that demand.
- WCVB-TV: Massachusetts Treasurer Skeptical About Revenue Expectations For Sports Betting
- With legalized sports wagering expected to begin in Massachusetts before the end of the month, the state’s newly reelected treasurer is expressing skepticism about the potential revenue impact. In-person betting is scheduled to begin on Jan. 31 at the three casinos: Plainridge Park Casino in Plainville, MGM Springfield and Encore Boston Harbor. Mobile wagering will follow in early March.
- SBC Americas: MA Lawmaker Wants Sportsbooks Subject To Deceptive Advertising Laws
- The Massachusetts Gaming Commission is not the only group in the Commonwealth concerned about protecting consumers from sportsbooks. The same week the MGC is mulling over the final regulations that will oversee sports betting, including limits on sportsbook advertising, a lawmaker in the Massachusetts legislature introduced a bill that would subject sportsbook operators to the same consumer protections as other businesses in the state.
- New York Post: Vornado Realty Trust Could Join NYC Casino Contest With Proposed Gambling Den Near Penn Station
- Vornado Realty Trust is poised to join the city’s Great Casino Sweepstakes by rolling the dice on a gambling den near Madison Square Garden, The Post has learned. The city’s second-largest commercial landlord is weighing whether to bid on a prized casino license at the site of the soon-to-be-demolished Hotel Pennsylvania.
- WKRC-TV: Ohio Bar And Restaurant Owners Frustrated Over Slow Rollout Of Sports Betting Kiosks
- Erik Richman took over the Varsity Sports Bar and Grill four years ago and he spent a thousand dollars in 2022 on a license that allows sports gambling in his restaurant with a kiosk. While he expected to have it start right away when sports gambling launched in Ohio on Jan. 1, he is still waiting and getting frustrated.