Louisiana reports $16.6m revenue in first full month of OSB
Summary: Louisiana’s online sportsbooks generated $211 million in bets and $16.6 million in net proceeds in February, which was the first full month of mobile wagering for the Pelican State. Why it matters: The $16.6 million in February net proceeds doesn’t include promo credit deductions, which came in at $11.7 million for the month. Taxable […]
Investors assessing the case for Bally Corporation
Summary: The investor case for the sports betting and casino group is made more difficult by the numerous projects it is pursuing. Why it matters: Bally Corporation needs to have investors onboard if it wants to complete all its online, retail and M&A goals.Chairman Soo Kim has tabled a $2bn bid to acquire the group […]
CBS Sacramento affiliate on California sports betting legalization
Voting To Legalize Sports Betting In CA2:11Sports Betting is on the ballot for legalization in California, with benefits like greater funds for education and other important causes for the state.Mar. 18, 2022Uploaded by CBS News Sacramento
B Global Managing on California sports betting effect on Nevada
On California sports betting legalization potentially cannibalizing Nevada revenue”New Jersey was going to kill us. The expansion of sports betting was going to kill us. Online gaming was going to kill us. We are still kicking and seeing record revenue. The experience of Las Vegas cannot be matched, and so people will still come to […]
Kambi receives approval to supply betting solutions in Ontario
Summary: The Alcohol and Gaming Commission of Ontario (AGCO) has approved Kambi as a gaming-related supplier. Why it matters: This means Kambi will be operational on the first day of the market opening on April 4.It also means Kambi’s clients in the province, which include Rush Street Interactive, will be able to go live in […]