Industry News of the Day for June 29, 2020
iDEA Growth Member News:
- Fox Business, 6.28.20 – NBA, MLB Return Puts Sports Betting Apps In Scoring Position
- S. sports betting operators such as DraftKings and FanDuel are banking on a much-needed surge in demand next month when top leagues return to play during the coronavirus pandemic.
- Sports Handle, 6.26.20 – Get A Grip: Week In Sports Betting: Michigan Moves Along Toward Online, California Effort Ends, More
- Here’s the weekend (or fashionably late) Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories.
- Gambling Compliance, 6.29.20 – US Lawmakers Urged To Consider Online Lotteries To Fill Virus Budget Deficits (subscription paywall)
- As state lawmakers grapple with budget shortfalls, gaming executives and industry analysts expect them to consider legalizing mobile lottery sales and online gaming as they look for new sources of revenue.
Overall Industry News:
- Online Poker Report, 6.29.20 – Golden Nugget To Take Online Casino Division Public In $750 Million Acquisition
- Golden Nugget has revealed plans to detach its online gambling arm and list it on the Nasdaq exchange with an estimated valuation of $745 million.
- Philadelphia Business Journal, 6.26.20 – Some Greater Philadelphia Casinos Reopen As Region Enters Green Recovery Phase (subscription paywall)
- Valley Forge Casino Resort, Harrah’s Philadelphia Casino and Racetrack, and Parx Casino are among the venues reopening with modified operations amid the pandemic.
- The Philadelphia Inquirer, 6.26.20 – Harrah’s Philadelphia Casino And Racetrack Bets On Reopening To The Public Amid The Pandemic
- Harrah’s, owned by Caesars Entertainment, is one of many casinos in the region that are reopening this week as Pennsylvania and New Jersey continue to ease stay-at-home orders. Atlantic City casinos are set to return July 2.
- iGB North America, 6.29.20 – RI Sees Mobile Betting Improve In May
- Sports wagering revenue in Rhode Island slumped 71.6% year-on-year in May as the state continued to feel the impact of the novel coronavirus (Covid-19) crisis, though this marked a significant improvement on April’s figures.
- The Roanoke Times, 6.27.20 – Voting, Gambling, Firearms, Here Are Some Of The New Laws Going Into Effect In Virginia
- More than 1,000 new laws will go into effect in Virginia on Wednesday, including several gun control measures, legalized sports betting and marijuana decriminalization.
- PlayIllinois, 6.28.20 – IL State Senator Not Happy With Gaming Board’s Slow Pace
- The Illinois gaming bill’s implementation process hasn’t exactly been smooth sailing over the past year. Resultingly, Illinois state Sen. Dave Syverson pointed some scathing remarks at the Illinois Gaming Board (IGB) this week.
- Sports Illustrated, 6.28.20 – Gambling: Update And Outlook On Sports Betting In Ohio
- Ohio has taken one step closer to joining the party, passing a sports-betting bill in the final days of May. That bill still needs to make its way through the Ohio Senate, with a few deviations possible before any legal wagers can be placed.
- Gambling.Com, 6.26.20 – Roberts Out As Tennessee Sports Betting Nears Launch
- Jennifer Roberts, the gaming expert hired by the Tennessee Education Lottery Corporation to help oversee sports betting, is leaving after less than eight months on the job.
- PlayColorado, 6.26.20 – We Expect These Three Sportsbook Apps To Launch In Colorado Next
- Gambling enthusiasts are waiting for the return of major US sports and, with it, the Colorado market to hit its full potential. Included in that is the allotment of sports betting apps to launch.
- PlayCA, 6.28.20 – Coronavirus Leaves CA Lottery Short On Scratch-Off Tickets
- The California Lottery scratchers typically raise $1.7 billion in yearly revenue for the state, but they are unlikely to sniff that figure in 2020 because of COVID-19.