iDEA Growth Member News
- Emile Avanessian for Bonus.com: Light & Wonder Completes Divestment of Non-Casino Operations
- Light & Wonder, Inc. announced the completion of the sale of its sports betting business, OpenBet. The buyer is US-based sports and entertainment content company Endeavor Group Holdings. Under the reported terms of the deal, Endeavor paid L&W $750 million in cash plus approximately $50 million worth of Endeavor stock.
- PointsBet To Launch U.S. ADW Horse Racing Service In Deal With The Stronach Group
- PointsBet Holdings Limited announced Thursday that one of its subsidiaries has entered into a partnership with The Stronach Group’s 1/ST Technology in a deal that represents the latest intersection between the horse racing and sports betting industries.
- Charlie Horner for SBCAmericas: FanDuel aims to get more women betting with Gaming Society sponsorship
- Gaming Society has formed a partnership with FanDuel, in which the sportsbook will become the sponsor of the gamification and content company’s NFL-focused newsletter.
- Rob Fletcher for iGB North America: Kambi agrees terms for Penn Entertainment sportsbook migration
- Sports betting solutions supplier Kambi Group and Penn Entertainment have reached an agreement over the migration of the operator’s online and retail sportsbooks from Kambi to Penn’s proprietary technology.
- Steven Schult for PlayCA: Well, Actually… : Rebutting The SF Chronicle’s California Sports Betting Editorial
- Just a few weeks ago, the Los Angeles Times released an editorial essentially fearmongering against the two initiatives. Just two days ago, the largest newspaper in Northern California, the San Francisco Chronicle, released an op-ed stating the editorial board’s reasons why residents should vote ‘no’ on Props 26 and 27. Like nearly every other publication, the Chronicle’s arguments against these initiatives are inherently flawed.
- Chris Altruda for SportsHandle: Colorado Seventh State To Clear $8 Billion Sports Betting Handle
- Colorado, in August, became the seventh state in the post-PASPA era to surpass $8 billion in sports wagering handle, as the state’s Division of Gaming on Wednesday reported more than $290.1 million in wagers were accepted during the month.
- Matt Boecker for PlayIllinois: Local Official Slams Bally’s Casino Chicago Traffic Report
- Bally’s Casino Chicago is facing another challenge on the path to licensing from the Illinois Gaming Board. Recently, Bally’s officials unveiled a report showing a temporary casino in the Medinah Temple won’t cause an overload of traffic in the neighborhood. Unfortunately, a Chicago alderperson still panned the report.
- David Danzis for PlayMaryland: Projection: Maryland Will Place $4 Billion In Sports Bets In 2023
- Legal online sports betting in Maryland could generate more than $4 billion in bets in the first full year. And according to PlayMaryland estimates, the majority of that action is going to be on football and basketball, and mostly during the months when those sports are hot.
- Jeff Edelstein for MIBets: Ex-Legislator Says Nevada’s Gambling Court Is A Good Idea For Michigan
- Despite all the successes of the Michigan market, Brandt Iden — who is now the head of government affairs for Sportradar — wishes he could go back in time and add something to his bill legalizing online gambling in Michigan.
- Danny Cross for PlayOhio: Ohio Casino Control Commission Laments Operators Acting Like ‘Petulant Children’
- The Ohio Casino Control Commission did not license any new retail sportsbook applicants during its Oct. 5 meeting, leaving a few big-name operators on the outside looking in with less than three months to go before launch.
- Gary Rotstein for PennBets: Report States Up To 10 More Online Casinos Are Coming In Pennsylvania
- The Pennsylvania Gaming Control Board releases a report at the end of each fiscal year summarizing activities in the state’s gaming industry, but rarely has it teased of prospects for future expansion like it has with its latest report.
- Hill Kerby for PlayPennsylvania: Mount Airy Casino Fined For Underage Gambling Violations That Included An 11-Year-Old and Two 13-Year-Olds
- Underage gambling is a serious issue, and so are the consequences of allowing it to happen at casinos. Mount Airy Casino recently learned that lesson the hard way and was fined $160,000 for three incidents involving slot machine play by people under 21 years of age.