Industry News of the Day for June 8, 2023

By iDEA | June 8, 2023

Industry News

  • Sports Handle: Media Notebook: Sports Betting News On Twitter Is Not To Be Trusted
    • Life comes at you fast in the social media age. At 3:21 p.m. ET on Monday, Sports Handle’s Matt Rybaltowski broke the news that an unnamed player on the Indianapolis Colts was the latest target of an investigation into violations of the NFL’s sports betting policy. Immediately, reporters in the gambling space, on the Colts beat, or covering the NFL in general began calling their sources and scrambling to identify the player.
  • Gambling News: Light & Wonder CEO Predicts EBITDA Growth To $1.4bn By 2025
    • Light & Wonder’s CEO, Matt Wilson, was recently interviewed by CommSecTV, the digital media of Australia’s leading online broker that provides investors with valuable insights, CommSec. Speaking about Light & Wonder, the CEO predicted exponential growth and explained how strategic processes positioned it for expansion on a global scale.

Massachusetts

  • PlayMA: Barstool’s “Can’t Lose” Promotion Subject Of Gaming Commission Hearing
    • Following more than two months of deliberation, the Massachusetts Gaming Commission (MGC) held an adjudicatory hearing on a “Can’t Lose Parlay” ad campaign used by Barstool Sportsbook in March. Responsible gambling has been a big focus for the MGC, and Barstool’s use of “Can’t Lose Parlay” falls in a bit of a gray area when it comes to sportsbook promotions. The commissioners spent Wednesday discussing the terminology.

North Carolina

  • NC Sharp: North Carolina House Sends Sports Betting Bill To Gov. Cooper
    • North Carolinians are one stroke of the pen away from being allowed to bet legally on the Panthers, Hurricanes, Tar Heels and Blue Devils. The state House agreed to Senate changes made to the North Carolina sports betting bill Wednesday for the second time, sending House Bill 347 to Gov. Roy Cooper for his signature. The House concurred with the Senate version of the bill, 69-44. Cooper is expected to sign the legislation into law.

Ohio

  • PlayOhio: Bet365’s Aggressive, Persistent Strategy Paying Off In Ohio Sports Betting Market
    • With a solid product, big promotional spending and a consistent advertising presence, U.K.-based bet365 Sportsbook has managed to gain a strong foothold in Ohio’s young sports betting market. In each of the first four months of legal sports betting in Ohio, bet365 has ranked in the top five of Ohio sportsbooks in market share and revenue. All four months, Bet365 has also ranked in the top five in promotional spending.

Ontario

  • PlayCanada: Opinion: Quebec Will Not Follow Ontario’s Online Gambling Privatization Model
    • Quebec is not going to emulate Ontario’s approach to online gambling privatization. A coalition of iGaming operators and other interested parties is pushing for that idea. However, most are not Canadian entities and may not realize how heavily the political deck is stacked against them. Predicting the future is usually a dicey business, and I’m generally inclined to hedge my guesses.

Pennsylvania

  • CDC Gaming Reports: Pennsylvania: Gaming Control Board Reaches 20,000 On Self-Exclusion List
    • The Pennsylvania Gaming Control Board Wednesday announced receipt of the 20,000th voluntary request for enrollment in its Casino Self-Exclusion Program. Being added to the list prevents individuals from entering and participating in gaming activities at Pennsylvania casinos and retail sports wagering locations.
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