Industry News of the Day for March 24, 2023
iDEA Growth Member News
- 2023 Ifrah Pitch Competition
- EGR North America and Ifrah Law invite start-ups across all verticals of online gaming to submit a short video or presentation exhibiting their products, services, or new technologies. Whether you are offering a new online casino product or safer gambling tool, we want to see how you plan to disrupt the U.S. online gaming market.
- Interested? The deadline to enter is March 31, 2023. Click here to enter.
- SBC Americas: Sportradar: North America bucks global trends for suspicious betting activity in 2022
- Sportradar Integrity Services‘ annual report for 2022 has offered positive news for the North American betting industry as the region was one of only two continents to not post a yearly increase in suspicious betting activity in sports. Titled Betting Corruption and Match-Fixing in 2022, the report noted that, whilst Europe (630 events), Asia and South America have seen suspicious sporting fixtures rise during 2022 compared to 2021, North America witnessed a decline on that metric with just 24 suspicious fixtures.
- Gambling News: Affiliate Gambling.com Publishes Unaudited Q4 2022 Results
- Gambling.com Group, a provider of iGaming digital marketing services, has posted its unaudited financial results for the fourth quarter of 2022. The company’s revenue skyrocketed and so did its net income. Gambling.com reported $21.3 million for the period, representing a stellar 107% year-on-year increase from Q4 2021’s $10.3 million. Net income increased to $4.4 million, or $0.12 per share.
District of Columbia
- Sports Handle: D.C. Mayor Reportedly Seeking To Cut All Problem Gambling Funding
- Washington, D.C., is apparently celebrating National Problem Gambling Awareness Month by eliminating funding for problem gambling services. On Thursday, the NPR affiliate WAMU reported that D.C. Mayor Muriel Bowser was seeking to repeal a provision in the District’s sports betting code that allocates $200,000 in annual funding to problem gambling treatment and prevention.
- PlayMA: For Now, Sportsbooks Can’t Write Off Promo Credits In Massachusetts
- Under the current interpretation of Massachusetts sports betting regulations, online sportsbooks cannot write off promotional credits when filing their state taxes. However, that could change as the market evolves. That revelation came Thursday morning during an open meeting of the Massachusetts Gaming Commission. Commissioners agreed to invite commentary on the topic of promo tax write-offs in the coming weeks. After that, they’ll reconvene on the issue to adjust policies, if necessary.
- PlayNY: Assembly Proposal Carves Out 20 Acres Of Parkland For Potential NY Casino In Queens
- An act introduced in the New York State Assembly could pave the way for a potential casino near Citi Field. Assemb. Jeffrion Aubry referred A5688 to the Committee on Cities on Wednesday, an act that, if passed, would afford New York Mets owner Steve Cohen “at least twenty acres” of land allotment as he pursues a downstate NY casino in Queens.
- iGB North America: Rivalry rolls out online casino product in Ontario
- Sports wagering and media business Rivalry has announced the launch of its online casino product in the Canadian province of Ontario. The Casino.exe website will offer player an initial eight casino games, while plans are also in place to roll out a mobile app in Ontario in the near future. Rivalry, which is based in Toronto and holds an internet gaming registration in the province, launched its first third-party casino game last summer and has gradually enhanced its offering since, launching a proprietary platform to house a number of games.
- PlayUSA: House Committee Hears Texas Sports Betting, Casino Legislation
- Rep. Jeff Leach illustrated to colleagues just how easy it is to place a Texas sports betting wager despite the activity being illegal in the Lone Star State. Leach told House State Affairs Committee members that during the one hour between his introduction and close on HB 1942, he downloaded an illegal offshore sports betting app and registered for an account from the committee hearing room.
- Legal Sports Report: What To Expect As Texas Sports Betting Journey Starts
- The online Texas sports betting bill will be heard on Wednesday in the House. Yet, despite industry optimism, the online TX sports betting bill faces a challenging path to passage this year. “Right now, there are no votes in the senate,” Lieutenant Governor Dan Patrick told ABC 25 last week