February 13, 2025 – FairOdds Network

February 13, 2025

Ambiguity and money headline Missouri draft wagering rules

iGB obtained the draft Missouri sports betting regulations that were sent to the industry for review. Here's a look at what's inside.

The Missouri draft regulations are, for the most part, standard fare. Of note, they outline licensing fees ranging from $10,000 for official league data providers to $500,000 (£401,000/€479,000) for stand-alone mobile platforms. They also define key terms, but leave much open to interpretation.

An updated draft was sent to Governor Mike Kehoe for approval on 27 January. The Missouri Gaming Commission (MGC) is pointing to a June wagering launch date. The regulator has not publicly released the draft regulations sent to Kehoe.

After the draft regulations are signed by the governor, a 30-day public-comment period will open. Following that, the regulator may make changes based on the comments. The application process will open once the regulations are approved.

Two stand-alone licences available

The law and regulations allow for two stand-..

February 13, 2025

IBIA 2024 report flags 17% rise in suspicious betting alerts

The International Betting Integrity Association (IBIA) received 219 alerts of suspicious betting activity in 2024, a 17% rise on 2023’s figure. The report was released today (13 February).

However, despite the surge of nearly a fifth from 2023’s revised total of 187 suspicious betting alerts, the IBIA noted the figure remained 11% below the annual average of 245 observed between 2020 and 2023.

As was the case in 2023, football (75 cases) and tennis (58 cases) again led the way for the sports with the most notifications, with both attracting more alerts than in 2023. They combined for 61% of all notifications, down from 64% in 2023.

The IBIA’s alerts system contributed to 33 matches being deemed corrupted, with the association involved in the sanctioning of 17 clubs, players and officials for betting violations.

The association’s membership represents over 70 companies with an annual global betting turnover of $300 billion (£240 billion/€287.7 billion), covering 50% of all regulate..

February 13, 2025

China drives MGM Resorts to record revenue in 2024, digital up 28% as betting platform launch is imminent

MGM Resorts International posted a record $17.24 billion (£13.80 billion/€16.53 billion) in consolidated net revenue during its 2024 financial year, driven once again by growth within its China-facing business.

Total revenue for 2024 surpassed the $16.16 billion reported during the previous year by 6.7%. It is also the highest annual amount ever posted by MGM, the operator confirmed yesterday (12 February).

Revenue was flat across two of MGM’s four core divisions – Las Vegas Strip Resorts and Regional Operations. However, significant growth in China, accompanied by a similar increase in digital revenue, pushed the yearly total up.

“We are proud to report the best full-year consolidated net revenues in the history of the company,” CEO Bill Hornbuckle said. “This was driven by a record performance from MGM China. We’re also encouraged by the strong demand we’re seeing in the business so far in 2025, which positions us well for continued growth.”

MGM China revenue rises 27.6%

The sta..

February 13, 2025

Texas sports betting constitutional amendment filed

Texas representative Sam Harless filed the first gambling bill of the session on Wednesday (12 February). The constitutional amendment would send the decision to legalise sports betting to state voters in November.

HJR 134 appears to call only for retail sports betting, although it does not explicitly prohibit digital wagering. It would allow for professional sports teams, PGA Tour stops and Class I racetracks to become licensed. The proposal requires that any potential licensees be in existence as of 1 January 2025. Licensees would be able to work with management service providers to operate sportsbooks.

There is no framework in the constitutional amendment and the language is vague:

The constitutional amendment authorising the legislature to legalise wagering in this state on certain sporting events.

Other state legislatures, including Louisiana and Maryland, have gone down similar pathways. Should voters approve in Texas as they did in those states, the legislature would then..

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