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SBTech Must To Set Aside Millions To Cover Cyberattack, DraftKings Deal Delayed

Diamond Eagle Acquisition Corp. (DEAC) has ordered the creation of a $30 million fund to cover any claims and losses emanating from the unplanned SBTech outage last week. According to SEC documents filed Wednesday, DEAC added a new indemnity clause to its deal to combine SBTech and DraftKings. Now, $30 million of the $600 million price […]

Could Michigan Sports Betting Go Mobile Sooner Than Expected?

It’s safe to say that Michigan sports betting launched at one of the worst possible times. Its first revenue numbers back that up. Detroit’s three casinos – Greektown, MGM Grand Detroit and MotorCity – reported a combined $105,548 in sports betting revenue for March. Those numbers will forever include a big asterisk like so many […]

How Safe Is Your Online Sportsbook Account If Operators Go Belly-Up?

The expansion of Betfred and other UK operators into the US market begs the question: How safe are funds in an online sports betting account? In regulated markets, the answer is: not always as safe as you’d hope. That’s according to bettor’s rights group HBF, which recently published its updated Register of Protection of Funds. […]

Three More NY Sportsbooks Are On The Way At Seneca Casinos

Three more New York sportsbooks will be up and running before the end of the year, thanks to a new deal announced Tuesday morning involving the Seneca Gaming Corporation, Kambi Group and Bragg Gaming Group. That will bring a total of 11 upstate sportsbooks that will eventually be available in New York, although online betting […]

Sportradar ‘Strongly Refutes’ Report Linking It To Italian Investigation

Sportradar released a strongly worded statement on Friday, refuting a story out of Italy that made a series of serious allegations about the sports data company. Business Insider Italy published a piece this week alleging Sportradar links to the ongoing “Galassia” investigations in Italy. That criminal inquiry involves the mafia, online gambling companies in Malta […]

Can Colorado Sports Betting Referendum Overcome Ballot Question Language?

Colorado sports betting passed in a bill in May, but whether it’s actually legalized will be decided by vote next week. Proposition DD is on Tuesday‘s ballot. The bill received strong support in the legislature, but now it’s on the public to choose whether sports betting in Colorado will commence this fiscal year. Colorado law […]

Penn National Gaming Wants Another Media Partner For Online Sportsbook

Penn National knows it doesn’t have an in-house sports brand to launch an online sportsbook in the 19 states where it operates. But the regional casino operator knows it has an opportunity. The best way to fix what it doesn’t have – a strong sports brand – would be to partner with another sports media […]

The One Factor Holding Back Rhode Island Sports Betting Handle

Rhode Island sports betting had a strong September showing as the start of the NFL season helped to more than double August’s handle. Total handle for the state was $22.2 million, up 120.6% over August. The total was the second-highest ever for RI sports betting after the sportsbooks took bets totaling $23.6 million in March. […]