Is running a sportsbook that only focuses on micro-betting not all that it's cracked up to be? That seems to be the case at YouTube personality Jake Paul's micro-betting app Betr. Launched just two months ago as a trendy, youth-focused micro-betting platform, the company is pivoting its business model to include pre-game and in-game spread,…
Penn Entertainment’s Barstool Sportsbook is the latest regulated operator to learn that gaming regulators are getting very serious about "can't lose" marketing. This comes after the Massachusetts Gaming Commission took the company to task over a series of promotions featuring Barstool Sports employee/media personality Dan Katz (aka, The Big Cat). Katz is a Barstool Sports…
Lottery.com is a company that's been in turmoil for the past few months and all that chaos culminated this week when the Nasdaq Stock Market de-listed the company from its exchanges. The company's struggles leading up to the extinction-level event read like a business-focused Mexican tele novella with the unfortunate aspect of having a real…
If you feel like you've noticed a lot more sporting events involving YouTube celebrities and other non-professional athletes, you're not alone. The curious rise of "sportainment" is coinciding with a tidal wave of regulated sports betting to create a whole new, and very popular, segment of sport aimed at drawing in eyeballs, and wagers. Sportainment,…
When it comes to wagering, American players go absolutely crazy for March Madness. That's the conclusion of a recent press release from the American Gaming Association (AGA) regarding the NCAA Men’s Division I Basketball Tournament aka March Madness. According to the AGA's predictions, some 68 million Americans will wager a combined total of $16 billion…
Caesars Entertainment is stepping up its rewards program with a new partnership with Bakkt Holdings, the creator of a platform for buying and selling digital assets. The new partnership allows Caesar Rewards members to redeem their points through the Bakkt Crypto Rewards program. This creates a future where points earned spending lavishly at Caesars Palace…
FanDuel is enhancing its relationship with Major League Baseball (MLB) after signing a new deal designating the operator as a co-exclusive Official Sports Betting Partner of MLB. While the multi-year arrangement includes all the promotional bells and whistles commonly associated with such deals, it also includes a streaming arrangement that will likely bring plenty of…
The good times continue rolling in Nevada where gaming revenue for January 2023 was up a whopping 18 percent over the previous year. Statewide, regulated Nevada gaming operators collected $1.27 billion, compared with just $1.08 billion in January 2023. But while casino operators are celebrating, financial analysts warn that the Silver State's fast ride could…
MGM Resorts and BetMGM are taking advantage of the most popular gaming product in the United States with the launch of their new omni-channel slot experience, MGM Riches. Touted as "the companies' first custom slot experience that can be played both online via BetMGM and as a traditional slot game at MGM Resorts properties throughout…
Bally's is pulling the plug on Monkey Knife Fight, a daily fantasy sports (DFS) site the company acquired during a buying spree aimed at beefing up its sports products. Monkey Knife Fight's untimely demise comes just two years after Bally's acquired the up-and-coming DFS operator for $90 million. When Bally's first purchase Monkey Knife Fight,…
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