Regulated sports betting in America is starting to produce some very strange bedfellows. Earlier this week, MGM Resorts entered into a $25 million agreement with the National Basketball Association (NBA) that places MGM as the "official gaming partner" of the NBA. It's an interesting deal that provides MGM with branding rights, an official data stream…
MGM Resorts is partnering with GVC Holdings on a deal to offer sports betting services to its American players both at land-based casinos and via online gambling platforms. The new joint venture is a 50-50 deal that's already earned the blessings of Wall Street as GVC stock prices soared to record prices on word of…
Back when FanDuel and Draft Kings were fighting for their lives in practically every US State, lawyers for the two daily fantasy sports (DFS) giants used to bellow from the highest mountain top that they were not gambling companies. But ever since the US Supreme Court put the decision to allow regulated sports betting in…
West Virginia, one of the most conservative states in the entire United States, is on board to be the latest state to offer regulated sports betting to its citizens. State lawmakers approved the action in May and casinos and regulators are working full bore to insure that the whole operation is up and running before…
University of Michigan football coach Jim Harbaugh offered up some advice at a recent media day for any of his players who are thinking about getting involved with gambling. His thought is that those players should, "...avoid it like the plague." Harbaugh is right to get ahead of the issue of gambling and college athletics,…
When regulated sports betting was pitched to New Jersey voters way back in 2007, the premise was that both Atlantic City casinos, and struggling Garden State horse race tracks would benefit from the new revenue. Now that sports betting is up and running in both places, the New Jersey Meadowlands race track is finding out…
When Russia hosted the 2018 FIFA World Cup earlier this month, both its national soccer team and its local sports betting industry were able to enjoy some serious home field advantages. According to several published reports, regulated Russian bookmakers took in several billion dollars in wagers and wound up getting to keep a decent amount…
New Jersey Governor Phil Murphy launched his state's regulated sports betting era yesterday by placing a wager on Germany to win the World Cup. It was a small bet that helped celebrate the Garden State's huge victory in the battle to allow states to determine whether or not sports betting should be allowed at their…
Australia-facing operators are breathing a sigh of relief after New South Wales imposed a 10 percent point of consumption tax (POCT) on online sports betting. The 10 percent tax is a compromise from a government that, at points in the debate, had asked for as much as 15 percent or even 2 two percent of…
Daily fantasy sports operator DraftKings is entering into a deal with Atlantic City's Resort Casino to being developing a DraftKings-branded sportsbook at the property. The deal is the culmination of New Jersey's desire to reinvigorate Atlantic City casinos and carves out new territory for the long-struggling, but newly resurgent, DFS operator. As part of the…
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