2021 is starting right where 2020 left off, as MGM has made an offer to acquire Entain (formerly GVC). If accepted, the $11 billion offer would result in another mega-merger in the gambling industry. In mid-December, the recently renamed Entain announced a “global alliance” with Verizon Media, which would see the two “develop new opportunities…
Another level of resonance to the apparent symbiosis between day trading and sports betting was added after financial regulators in Massachusetts alleged that Robinhood failed to protect novice investors. The 23-page complaint from the office of Secretary of the Commonwealth William Galvin claimed the popular day-trading app allowed investors to take “unnecessary risks.”
The likelihood of an IPO for Flutter’s US interests increased yesterday after the company announced it had upped its ownership of FanDuel in a deal worth $4.18 billion. The accelerated acquisition process will see erstwhile FanDuel owners Fastball cash in their 37% stake in FanDuel.
In the current frenzy surrounding the regulation of sports betting and online gambling in the US, it’s sometimes easy to forget the industry in the rest of the world isn’t quite enjoying the free-flowing champagne apparently giving the US online gambling sector the giggles right now.
The history of electoral betting in the US long predates the repeal of PASPA. In fact, you have to go back to the late ‘80s and the evolution of what started as a political science experiment: the Iowa Electronic Markets.
It might seem like hyperbole, but there is something momentous about the launch of Evolution Gaming’s live dealer online casino in Pennsylvania. The same could be said when the product launched at New Jersey online casinos.
The Caesars-William Hill deal crystallizes the interest European sports betting operators have in the US market. The new owners of William Hill (pending regulatory approval) have already made it plain that the UK and international operations are of little interest. Caesars has stated it will offload non-US assets as soon as it finds a suitable…
How do you parlay a $39m bet into a $4bn-plus return? Simple. Go back to April 2011 and buy a couple of Nevada sportsbooks (and then top it up with another buyout a month later) and wait for the tides of history – in this instance, the repeal of PASPA – to roll along seven…
A prominent disconnect between how regulated sports betting and online gambling is viewed in the US versus current perceptions in Europe emerged during the lockdown period.
The battle for esports betting between some familiar names in sports-betting and a handful of esports-only operations is on. In the race to pick up customers, which is likely to be the right approach to win over the esports audience?
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