ABC Richmond affiliate on Virginia in-state college sports betting
Push to allow Virginia sports betting on college basketball rejected2:14Virginia lawmakers rejected a bill that would allow sports betting on college teams, following concerns of increased problem gambling during the NCAA college basketball championship.Mar. 22, 2022Uploaded by WRIC ABC 8News
Rivalry introduces esports betting markets
Summary: The online betting menus offered by Rivalry now include esports markets, per a press release from the company on Wednesday. Rivalry currently offers legal mobile betting in Australia and is also approved for an Ontario online sports betting license. Why it matters: The new markets follow up on comments from Rivalry CEO Steven Salz […]
GAN misses forecasts as it plays for time
Summary: The markets reacted badly to GAN’s below-par results as the company announced Q4 and full year results today. Why it matters: Much of GAN’s business case relies on the group signing B2B partners and/or its B2C divisions performing strongly. Neither did that during the quarter.Q4 revenues were up 242% to $30.5m annually, but down […]
CBRE says sports betting valuations have ‘overcorrected’
Summary: While acknowledging that sports betting-related stocks have suffered from the general risk-off stresses in the market, the team at CBRE suggests the sell-off has gone too far. They add that the implied valuations of the OSB businesses within MGM and Caesars, in particular, are well below the benchmark set by DraftKings’ current multiple of […]
Online gambling payment processing vital to customer retention
Summary: In the highly competitive online gambling space, a frictionless payments experience is one way to stand out from the crowd, according to Zak Cutler, CEO of North American igaming at Paysafe. Why it matters: While greatly improved since the early days of legal online gambling, customers are still frustrated when banks decline their legal […]