Maine passes online, retail sports betting bill
Summary: Maine lawmakers passed an online and retail sports betting bill late Tuesday night, likely assuring Maine will have legal sports betting options after two prior legislative efforts fell short. Why it matters: Maine’s bill will allow three gaming tribes exclusive rights to statewide mobile sports betting, which is expected to make up at least […]
Free-to-play platform Inside The Pocket raises $4m
Summary: A free-to-play gaming platform led by a former NFL executive has raised $4m in funding from a consortium including WinSure Global. Led by Hussain Naqi, previously SVP of both Fan Engagement and International Development at the Jacksonville Jaguars, Inside The Pocket hopes to use the new cash to expand internationally. Why it matters: Free-to-play […]
888 analyst reaction from Regulus Partners
Analyst responds to 888’s Q1 trading update”The William Hill acquisition gives 888 the opportunity to reset growth. Strategically, the group could not have picked a better time to get transformative; operationally, the timing could not be more challenging, however.”- Paul Leyland, Analyst, Regulus PartnersApril 20, 2022
888 revenues slide on UK slip-ups
Summary: 888 revealed today that betting stakes fell by 28% in the first quarter with the company blaming a “heightened focus on safer gambling” in the UK, in part, for the decline. Total first-quarter revenues were down 18% year-on-year against what the company said was a strong comparative prior-year period and after the forced exit […]
Butler tweet on Maine
@ButlerBets: After years of just falling short, looks like Maine will finally approve statewide mobile sports betting; bill will allow tribes statewide mobile wagering licenses; commercial caisnos will be permitted on-property retail sportsbooks https://t.co/G5kVRHqqOB