Industry News of the Day for October 31, 2023

By iDEA | October 31, 2023

Industry News

  • Legal Sports Report: Business By The Books: Big Week For Sports Betting Earnings Calls
    • There are eight conference calls related to sports betting scheduled for this week, with four of those calls falling on Wednesday. The calls begin at 8 pm Eastern Monday with a look into BlueBet, a micro-cap operator listed in Australia. BlueBet is also live in two US states with the ClutchBet brand. Next is Caesars at 5 pm Tuesday. That call should lead to the first comments about this year’s promotional environment at the start of NFL betting season. No doubt there will be plenty of ears on the Penn Entertainment call at 9 am Thursday with the expected launch of ESPN Bet less than a month away.
  • Gaming Today: Softswiss Game Aggregator Unveils Q3 Performance Report
    • Softswiss has published its Q3 2023 financial report for its flagship offering, the Softswiss Game Aggregator. During this quarter, the platform achieved a significant milestone, accumulating approximately $10.6 billion in total wagers. The gambling software development company revealed that this metric serves as an invaluable indicator, shedding light not only on its extensive operational reach of the product but also shows the company’s key role in steering the path to success for iGaming operators. The platform also experienced a substantial surge in the second quarter, adding 90 new brands. This impressive growth brings the total number of brands hosted on the platform to an impressive 860.
  • Gambling News: Kambi’s Sportsbook Technology To Power Two LiveScore Group Brands
    • The leading provider of sports betting technology and solutions, Kambi Group, announced a new long-term agreement with LiveScore Group of companies. Under the terms of the new strategic long-term collaboration, Kambi agreed to power the Group’s sportsbooks, LiveScore Bet and Virgin Bet brands across the globe. Per the new deal, the provider agreed to supply its cutting-edge sports betting platform, along with a suite of award-winning products and managed services. Thanks to the new deal, the Group’s brands will benefit from Kambi’s Bet Builder, as well as artificial intelligence-powered trading solutions and products.

Colorado

  • SBC Americas: PrizePicks Lawyer Takes Swipe At FanDuel In Front Of Colorado Regulators
    • Stakeholders on both sides of the fantasy sports debate voiced their thoughts on new proposed regulations to the Colorado Division of Gaming on Monday. The latest draft of rules seem to expressly prohibit fantasy vs. the house, drawing the criticism of operators like PrizePicks and OwnersBox. FanDuel’s Director of Regulatory Affairs Andrew Winchell opened the rulemaking meeting by thanking the regulators for the more explicit language involving fantasy vs the house but also expressed concern the language left the door open about what is and is not allowed.

Delaware

  • Gambling Insider: Scientific Games Launches Loyalty Program And Mobile App With Delaware Lottery
    • Scientific Games and the Delaware Lottery have launched the Delaware Lottery Players Club, a loyalty programme and mobile app for players. The Delaware Lottery Players Club is part of the Scientific Games Enhanced Partnership scheme, which provides partnered companies with digital engagement services. The loyalty programme is based on achievements, which gives players objectives to win cash and prizes. Helene Keeley, Delaware Lottery Director, said: “We value our loyal players, and we want to offer them the best rewards programme available through the convenience of a one-stop mobile app.

Mississippi

  • US Bets: Mississippi Legislators, Casino Stakeholders Wary Of iCasino
    • A Mississippi mobile sports betting task force met last week to consider the potential effects of legalizing online sports betting in the state. The topic of online casino legalization also came up, but it doesn’t seem like state legislators are close to legalizing that gambling option. PENN Entertainment’s Jason Tosches, the company’s director of public affairs and government relations, said during the task force meeting that PENN is against lumping iCasino legislation into an online sports betting bill.

North Carolina

  • NC Sharp: Fantasy Vs. House Brands Take Aim At Sports Betting Definitions Carving Them Out Of The State
    • Prop-style fantasy sports proponents took aim at the NC Lottery Commission’s first batch of sports betting and parimutuel horse wagering rules at a public hearing on Oct. 27. The meeting, held at the NC Lottery Commission’s headquarters in Raleigh, drew a small crowd and only two speakers–both representing pick ‘em-style fantasy sports brands–spoke out on the first batch of rules. The NCLC will allow public comments on the first batch of North Carolina online sports betting rules and regulations through online submissions to its public comment webform through Nov. 1. At that point it will reconvene, codify any changes to the first batch of rules and propose further rules and regulations.

Ohio

  • Play Ohio: Pro-Gambling Lawmaker Won’t Run Again, Hurts Ohio Online Casino Chances
    • Ohio state Rep. Bill Seitz was a staunch and vocal supporter of gambling legalization efforts throughout his 24-year career in the Ohio General Assembly. Unfortunately for Ohio gamblers, Seitz won’t run for re-election in 2024. The colorful Hamilton County-based Republican has been the Majority Floor Leader of the Ohio House of Representatives since 2017. Last week, Seitz said he wouldn’t run for an Ohio Senate seat next year when his term-limited stint in the Ohio House ends. In the General Assembly, Seitz was a leading advocate for the 2009 state constitutional amendment allowing casino gambling in Ohio.

Pennsylvania

  • Play Pennsylvania: Pennsylvania Online Sportsbooks Break Promo Spend Record In September
    • Sportsbooks in Pennsylvania utilize most of the summer gearing up for what is usually a busy fall with the NFL and college football in full swing. Sportsbooks spent $29.5 million in promotions this September, which set a new record for the state. While it’s not surprising that PA online sportsbooks committed just a fraction of that over the summer, it is interesting to see how operators are remaining relevant despite a mature market. During the summer, promotional intensity from sportsbooks is slowed because of a scarce sports calendar. Over the years, that picks up in September when college football and NFL teams start hitting the field.
Posted in Daily Clips