How much will the US regulated sports betting industry be worth in five years? At the recently held NYC sports Betting Investor Summit in New York, a representative of Morgan Stanley suggested that the entire market could be pulling in around $7-$8 billion in revenue a year by 2025. It's a massive number that's dwarfed…
Doing business as an international gambling operator has never been easy. Besides trying to keep your product healthy in regulated markets, and out of black markets, finding advertisers and advertising platforms has always been a headache. Because regulators always fear that children will be lead astray by an errant visit to an online casino, operators'…
Atlantic City Mayor Marty Smalls has a problem with regulated sports betting in the United States. More specifically, Mayor Smalls has a problem with the amount of tax revenue his city receives from the newly regulated activity, which the Mayor says currently adds up to nothing. In a series of recent interviews and announcements, Mayor…
When Florida residents took to the pools last fall they sent a very clear message to the greyhound racing business; we want you gone. The citizens expressed that sentiment with their overwhelming support of Amendment 13, a measure that would ban ban greyhound racing entirely in the Sunshine State. But banning an entire industry out…
Some of the UK's biggest operators are joining forces on a new trade group that's set on combating a wave of anti-gambling laws by better addressing the problem of problem gambling. The operators will be operating under the banner of the Betting and Gaming Council (BGC). The BGC itself represents a merging of the Remote…
Voters in Colorado narrowly approved a measure this week that would allow the state's 33 licensed casinos to offer regulated sports betting. Though the bill never had much opposition in the days leading up to this week's election, it narrowly squeaked past the gate with a margin of just 23,000 votes. The bill the voters…
Earlier this week, UK lawmakers suggested that credit cards should no longer be allowed to use credit cards for online gambling transactions. While they're debating the issue, HSBC UK (a major UK bank) revealed that they've already, independently take that same action. Sometime last year, HSBC UK quietly stopped allowing its credit card customers to…
The All-Party Parliamentary Group (APPG) on Gambling Related Harm is threatening reforms that will drastically change life for UK online gambling operators. Some of the reforms recently suggested include a £2 stake limit on online slot machines; a reduction in VIP services for big spenders; and a restriction to the use of credit cards to…
Australian operator Sportsbet is being held responsible for a large number of wagers it had cancelled after claiming the odds were posted erroneously. It's a rare example of an operator of any kind being held to account for wagers cancelled under terms like, "obvious or manifest errors”. The imbroglio over the cancelled wagers started when…
PGA Commissioner Jay Monahan is getting ready to embrace regulated sports betting in a big way. In a recent interview with the Agence France-Presse (AFP) at the Zozo Championship in Japan, Monahan struck a tone of acceptance that's become more and more common as American professional sports leagues have stopped worrying and learned to love…
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