Industry News of the Day for June 20, 2022
iDEA Growth in the News
- Bonus.com, 6.17.22 – Could New York Get Online Gaming Soon? iDEA Growth Hopes So
- If one non-profit has a say, New York could end up with iGaming at some point in the future. iDEA Growth, the non-profit group in question, comprises a variety of gambling stakeholders. It recently sent a letter of support via the law firm Ifrah Law to New York Senator Joseph Addabbo about New York Senate Bill 8412.
iDEA Growth Member News
- SBC Americas, 6.20.22 – Entain board adds Rahul Welde as Non-Executive Director
- The board of Entain Plc has confirmed the appointment of Rahul Welde as an independent Non-Executive Director of the global gambling group, effective July 1.
- Legal Sports Report, 6.20.22 – FanDuel Keeps Pedal To The Metal In Latest PA Sports Betting Report
- True to its word, FanDuel is keeping the pressure on in PA sports betting. The Flutter-owned brand accounted for 56% of PA online sports betting taxable revenue in May 2022.
- SBC Americas, 6.20.22 – PointsBet ‘delighted’ as SIG Sports makes ‘strategic’ investment to raise $65.8m
- PointsBet Chairman Brett Paton has expressed his ‘delight’ after SIG Sports Investment became a strategic investor in the firm, pumping $65.8m into the sportsbook brand. SIG Sports has become the largest shareholder in PointsBet following the investment, taking 12.8% of the company after the placement of 38.75 million shares at $1.69 each. The investment price represents a 15% premium to the five-day volume-weighted average price to June 17.
- Gambling.com, 6.20.22 – Streamer Mathil Says xQc Would Sell His Audience for Money
- Tensions continue to build up, triggered by xQc’s decision to embrace gambling streams. The latest to take a jab at the streamer is fellow content creator Mathil, known to his Path of Exile fans and for his clever antics, and packing a sizeable audience. [Jeff Ifrah, Ifrah Law]
- Play USA, 6.17.22 – BetMGM And Carnival Cruise Lines Will Soon Offer Online Gambling
- If the weather is ever poor while onboard a Carnival Cruise Line ship in the future, there will be a new way to pass the time inside your cabin. BetMGM and the Carnival Corporation have just closed a deal to bring a new diversion to cruisers. BetMGM plans to make its online gambling products available to guests of Carnival’s three brands. The circumstances in which that will be available are well-defined and might not encompass travelers’ entire trips, though.
- Play USA, 6.17.22 – US Supreme Court Strengthens Tribal Autonomy With Texas Bingo Ruling
- For decades, the state of Texas has sought to limit gambling on tribal lands within its borders and, for the most part, got the courts to go along with it. That recently changed with a US Supreme Court ruling in a Texas bingo lawsuit.
- SBC Americas, 6.17.22 – David Rebuck set to join Safe Bet Show for Player Protection Symposium live special
- David Rebuck, Director of the New Jersey Division of Gaming Enforcement, is set to join Martin Lycka for a special live edition of the Safe Bet Show at the Player Protection Symposium in New York City on July 12, 2022.
- SBC Americas, 6.20.22 – Arkansas: Learning experience must be ‘as seamless as possible’ to support new customers
- SBC Americas recently spoke to Brandon Walker, Head of Amelco USA, and Victor Araneda, CBDO at GAMING1, about each of their respective supplier’s journeys in the Natural State so far and what lies ahead in the market’s future.
- Legal Sports Report, 6.20.22 – Louisiana Sports Betting Turns In High Hold, Low Handle For May
- Louisiana sports betting handle continues a predictable downward trend following its late January online launch. In May, Louisiana sportsbooks took $171.1 million in bets, according to a Louisiana Gaming Control Board report released Thursday. Online LA sports betting began in late January 2022.
- Legal Sports Report, 6.20.22 – Michigan Sports Betting Handles May Dip Well With Strong Revenue
- While the Detroit Tigers are off to a dismal start to the baseball season, Michigan sports betting enjoyed a decent May. Michigan sportsbooks handled $356.1 million in May, according to a Michigan Gaming Control Board report released Thursday. The total is a 10% drop from April 2022, but a 38% increase compared to May 2021.
- iGB, 6.17.22 – New Jersey gambling revenue up 15.1% year-on-year in May
- Gambling revenue in New Jersey increased by 15.1% year-on-year in May following growth across almost all areas of the US state’s regulated market. Revenue for the month amounted to $430.6m (£349.8m/€409.2m), up from $374.2m in May 2021 and also 1.9% higher than $422.5m in April of this year.
- Play USA, 6.17.22 – North Carolina Lawmakers To Discuss Online Sports Betting Bill Next Week
- After months of anticipation, North Carolina lawmakers will finally discuss a bill to legalize online NC sports betting next week. One state lawmaker even anticipates mobile wagering could be up and running this fall.
- Sports Handle, 6.17.22 – North Carolina Legislators Plan To Increase Tax Rate In Sports Wagering Bill
- Changes are coming to a North Carolina sports betting bill, as legislators seem intent on increasing potential revenue. Sports Handle obtained a copy of a revised version of Senate-approved SB 688, which has been tweaked to increase licensing fees and the proposed tax rate, as legislators make a last-minute push to pass the bill in the 2022 legislative session.
- Play USA, 6.17.22 – Ohio Casinos Will Be Allowed To Choose Between Local, National Helpline
- When Ohio finally launches sports betting next year, casinos and their iGaming apps may have a choice of helplines. The state’s longtime problem gambling hotline or 1-800-GAMBLER, the number that the National Council on Problem Gambling will soon adopt, could both be options for Ohioans.
- Penn Bets, 6.20.22 – Consistent Online Casino Play Has Pennsylvania On Pace For $1.3B IGaming Year
- The $113.3 million in revenue reported by Pennsylvania’s 18 iCasinos in May was not a record — they collected nearly $5 million more in March — but it highlighted the stability now common for this integral part of the state’s gaming industry.
- iGB, 6.17.22 – Pennsylvania gambling revenue reaches $447.8m in May
- Gambling revenue in the state of Pennsylvania amounted to $447.8m (£363.8m/€425.4m) in May, an 8.4% increase on the same month last year. Total market revenue was up from $413.2m in May of 2021, but down 3.2% from a record $462.7m in April this year.