Industry News of the Day for May 14, 2024

By iDEA | May 14, 2024

Industry News

  • Legal Sports Report: Tonko Fine Tuning Federal Bill That Limits Sports Betting Ads, AI Use
    • Language included in a federal bill restricting sports betting advertisements is being worked on before the legislation is formally introduced later this year. US Congressman Paul Tonko (D-NY) wants to ensure the SAFE Bet Act achieves all that he intended for the sports betting community when it is put forward, he told LSR on Sunday. “We put a framework out, now we are word smithing it,” Tonko said while attending a community event in Saratoga Springs, NY. “We are networking with folks to make certain we get (the bill) exactly as we intended.”
  • PlayUSA: PlayAGS Takeover Creates Questions For US Online Casino Providers
    • In the online casino industry, the only consistent thing is change. Just when PlayAGS seemed to be gaining some momentum in the US, wholesale changes could be ahead. PlayAGS’ board of directors has accepted a takeover bid from Brightstar Capital, potentially taking the company private with shareholder approval. Questions now abound about how the new ownership could steer PlayAGS going forward.

New Jersey

  • Bonus: FanDuel, Gronk and Roulette – Celebrity Will Interact With New Jersey Online Casino Live Dealer Players On May 16
    • Rob Gronkowski, a former NFL player more commonly called “Gronk,” will be playing a new game from 6 to 7 p.m. ET on Thursday, May 16. The star of FanDuel Sportsbook‘s “Kick of Destiny” Super Bowl commercials will be joining New Jersey FanDuel Casino gamblers at the roulette table. Gronk’s May 13 post on X about his plans to host online roulette invited video viewers to download the FanDuel Casino app. The way he presented the invitation about his upcoming appearance in the New Jersey online casino live dealer studio suggests that the online gambling operator expects new gamblers to play roulette with its brand ambassador.

Colorado

  • PlayColorado: Colorado Launches Campaign To Prevent Illegal Gambling
    • A new public awareness effort aims to prevent illegal gambling in Colorado. The Colorado Department of Revenue’s Division of Gaming has launched the “Play Legit. Gamble Only Where Legal.” campaign to warn Coloradans of the risks and potential damage caused by illicit gambling. The campaign encourages would-be bettors instead to explore all the legal gambling options in the state.

North Carolina

  • iGB: Flutter CFO: North Carolina “Won” By Continued Investment
    • Paul Edgecliffe-Johnson, CFO of Flutter, remarked that the company “won” North Carolina – where FanDuel launched in Q1 – despite the admitted negative influence on costs. Edgecliffe-Johnson made the comment during the earnings call for Flutter’s Q1 results, which were released today (14 May). Revenue was up 16.4% year-on-year to $3.40bn (£2.70bn/€3.14bn) in Q1, although Flutter suffered a significant net loss of $375m. This loss was attributed to increased expenses and negative foreign currency translation. Flutter’s FanDuel brand performed particularly well in the first quarter of the year, reaching a record igaming gross gaming revenue (GGR) share of 27%.
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