Industry News of the Day for January 26, 2023
iDEA Member Growth News
- SBC Americas: GeoComply Secures Funds For Financial And Media Rights Expansion
- GeoComply has secured minority investments from Norwest Venture Partners and Arctos Sports Partners. The geolocation security provider noted that the funds will be used to support its “continued growth in its core markets and help accelerate its expansion into financial services and media rights management.”
- CDC Gaming Reports: Earnings Season Starts For Gaming Companies As Caesars Provides A Sneak Peek
- With casino companies reporting fourth-quarter earnings starting this week, Bank of America Global Research said trends remain strong for Las Vegas continuing into 2023, while regional properties will have a flattish or mixed performance.
- iGB North America: BetMGM Targets $2.0bn Net Revenue In 2023 After Exceeding FY Targets
- BetMGM, the joint venture between Entain and MGM Resorts International, is “confident” of achieving up to $2.00bn in net revenue in 2023 after exceeding financial targets during its 2022 financial year. The operator said it delivered against a number of key strategic initiatives in 2022, which in turn led to net revenue reaching $1.44bn, based on estimated figures published in a trading update.
- PlayUSA: Could New DOJ Lawsuit Change Android Gaming Apps?
- If you enjoy playing on online casino apps using your device that runs on the Android operating system, you might be curious about the possible implications of a new Google antitrust suit. Even if the US Justice Dept. (DOJ) is successful in its latest action, which is far from a foregone conclusion, that shouldn’t affect the availability of online gambling apps or their features on Android devices.
- US Bets: Arizona Regulators Approve, Then Remove, Betting On 2024 Presidential Election
- In what appeared to be a first for American sportsbooks, the Arizona Department of Gaming (ADG) approved wagering on the outcome of the 2024 United States presidential election, Max Hartgraves, a spokesperson for the ADG, confirmed to US Bets Wednesday morning. And then an hour later, Hartgraves called back with some news.
- PlayMaryland: Maryland Senate Bill Would Put Online Casinos, Poker On November 2024 Ballot
- A new Maryland bill would leave legal internet gambling, or iGaming, up to the decision of voters on the November 2024 ballot. State senators say online casino gaming could create another supplemental source of income for Maryland education initiatives.
- New Hampshire Public Radio: Supporters Bet On Online Casino Games, Expanded Wagers To Grow New Hampshire’s Gambling Scene
- Lawmakers in New Hampshire are considering a range of gambling bills that could bring online casinos, more bingo nights and larger poker tournaments to the state. Under a bipartisan bill introduced in a Senate committee Wednesday, private companies could offer online casino games to anyone physically located within the state who is over 17 years old.
- Sports Handle: New York Tribes Could Finally Get A Seat At The Mobile Sports Betting Table
- A new bill in the state Senate could offer tribes the chance to benefit off the massive market for sports wagering. Back in July of 2021, when New York leaders were hammering out the details of legalizing mobile sports betting in the country’s fourth-biggest state, a debate arose between pro-gambling legislators and then-Gov. Andrew Cuomo.
- PlayOhio: First Ohio Sports Betting Revenue Numbers Coming In Late February
- The first month of Ohio sports betting wraps up in just a few days, but it will be another month before we learn what kind of revenue numbers the state produced in January. According to the Ohio Casino Control Commission, there will be a one-month lag for the posting of sports betting revenue. The state is also moving the reporting of casino revenue to the same schedule.
- Public Radio Tulsa: Oklahoma Senate Leader Wants A More ‘Methodical’ Approach To Sports Betting
- Gov. Kevin Stitt wants to legalize sports betting this year, but it has yet to win full support from Senate Pro Tem Greg Treat. Treat, R-Edmond, who has the power to decide what bills will get heard in the Senate, said he has “zero desire” to support a bill to solely legalize sports betting this session.