Industry News of the Day for November 14, 2022
- Legal Sports Report: BetRivers Focuses On iCasino: Six Takeaways From RSI Q3 Earnings Call
- Rush Street Interactive sees a path toward profitability in the second half of 2023 and it includes a further commitment for BetRivers away from chasing market share. Despite missing revenue projections in Q3 by 6% and lowering full-year revenue guidance from between $600 million and $630 million to between $580 million and $600 million, RSI executives are still optimistic they have the right plan to achieve profitability.
- PlayUSA: Supply Chain Woes Coming To An End For Casino Industry
- As this season of earnings calls for major casino firms rolls along, two words aren’t on the lips of corporate executives and analysts quite as much as earlier this year: supply chain. That doesn’t mean all is back to normal. Gaming industry operators and equipment manufacturers continue to run into a range of hitches and glitches.
- WFLD-TV: Chicago Suburb Approves Zoning Change To Allow Sports Betting Near Potential Bears Stadium
- It was another step forward to make room for the Chicago Bears in Arlington Heights. Village trustees have approved a zoning change to allow a sports betting facility near the old Arlington International Racecourse.
- PlayIndiana: Jake Paul’s Betr Makes Deal To Enter Indiana
- Betr issued a statement Nov. 3 announcing its deal with the Eastern Band of Cherokee Indians to break into Indiana’s sports betting via Caesars Southern Indiana casino. Betr’s press release suggested the deal would position EBCI Holdings as one of the largest stakeholders in micro-betting. The contract would also allow Betr to enter additional states where EBCI Holdings owns properties.
- Sports Handle: Kansas Follows Up Debut With $190M Sports Wagering Handle For October; Tax Return Still Low
- The Kansas Lottery reported sports wagering handle just shy of $190 million in October, following up a strong September launch with an 18.3% improvement in accepted wagers. That lifted the two-month total to just over $350 million.
- PlayUSA: Behind The Scenes Massachusetts Sports Betting Deals Likely Happening
- Retail sports betting might be launching in January in Massachusetts, but the action has already started. Operators are competing for seven Massachusetts online sports betting licenses and two casino-tethered licenses that would allow them to run an online and retail sportsbook. Companies are working behind the scenes to strike deals with sports betting operators, according to reports.
- SBC Americas: New York Mobile Sportsbooks Record Third-Best Monthly Handle In October
- New York’s mobile sports betting market produced its third-best monthly handle to date in October and its best handle numbers since March. The Empire State’s online sportsbooks have also posted their best-ever revenue month, resulting in a new record amount being paid to the state in taxes as well.
- PlayOhio: Tipico Sportsbook’s Ohio Launch Will Be A Major Step For Gannett Partnership
- Ohio could be a great opportunity for Gannett and Tipico Sportsbook to take their partnership to the next level. The two sides last year signed a long-term deal to work together, but the partnership hasn’t been particularly fruitful so far. That’s mainly because Tipico is only open for business in two states currently. Gannett owns media companies all around the country, but it is hard to promote a sportsbook nationwide that gamblers can only actually use in a few places.
- PlayTexas: Judge Deals Serious Blow to Texas Card Rooms
- In the ongoing legal turmoil involving the Texas Card House, a District Court judge dealt the business and card rooms across Texas a serious blow. Lawmakers and city managers have questioned the legality of card rooms for years. There’s no law making them legal in Texas, but there’s also no specific law prohibiting them, either. Most card rooms operate by adhering to key components of Texas’ strict anti-gambling laws.
- Gambling News: Hacksaw Gaming Secures Provisional License in West Virginia
- Hacksaw Gaming revealed on Monday it was granted a provisional license in West Virginia. This marks the first major step for Hacksaw Gaming on its way to expanding into the growing US regulated gambling market.