Betting News – Page 32 – FairOdds Network

December 2, 2024

Argentina chamber of deputies approves bill to ban online betting ads

The chamber of deputies in Argentina has approved a bill to ban online betting advertising, with the hopes it will protect children from gambling harms.

In a special session on 27 November, the chamber passed the federal bill by 139 votes to 36. There was also 59 abstentions from the vote in Argentina.

The bill will now go to the senate, which will take into account the views of stakeholders such as Argentinian football clubs before deciding whether to progress the bill further.

Article 8 of the bill bans advertising, promotion and sponsorship of online betting on all communication platforms. This includes digital platforms like social media and outdoor spaces such as public roads.

Additionally, Article 8 prohibits online operators from sponsoring sports teams or athletes. This also includes the use of the company’s name to identify sporting venues such as stadiums or training centres. The promotion of online gambling on signage at such venues would also be banned.

Influencer adv..

December 2, 2024

Star Sports names former MP Davies as new chairman

UK bookmaking group Star Sports has announced the appointment of former Conservative MP Sir Philip Davies as its new chairman.

Davies is replacing Russ Wiseman, who recently stepped down as chair of Star Sports for personal reasons.

Davies served as the Conservative MP for Shipley in West Yorkshire for almost 20 years. He was first elected in May 2005 and remained as MP until this year’s general election, where he lost out to Labour’s Anna Dixon.

“I am delighted to be joining Star Sports at such an exciting time in the company’s history,” Davies said. “I have been lucky enough to get to know founder Ben Keith over the last few years. I have huge admiration for the business that he has built.”

Davies also revealed that he began his working life in his mother’s betting shop: Marilyn Davies Bookmakers.

“I’m hugely looking forward to working closely with Ben and his management team to fulfil the group’s growth strategy and commitment to operating responsibly,” Davies said.

Founder Ke..

December 2, 2024

Ohio sports betting handle exceeds $900 million in October

Consumers in Ohio spent $901.4 million (£711.5 million/€854.8 million) betting on sports in October, the second highest monthly amount since the state launched its legal market in January 2023.

The October total surpasses last year’s $747.7 million by 20.6% and 4.5% higher than $863 million in September. It is second only to $1.11 billion in the opening month of legal betting in Ohio.

Data supplied by the Ohio Casino Control Commission shows online betting handle topped $881.7 million and retail $19.7 million.

Player winnings hit $814.7 million across online and retail while $5.6 million worth of wagers was voided. After also taking off $37.7 million in promotional gaming credits, taxable revenue for October reached $81.5 million.

The monthly revenue figure is 1% above last year’s $80.7 million haul and 67% ahead of $48.8 million in September. Ohio’s record is $209 million, again in the launch month of January 2023.

Online betting generated $80.3 million in taxable revenue and re..

November 29, 2024

LeoVegas launches online sports betting in Germany

LeoVegas Group is expanding its presence in Germany by launching a sports betting offering to run alongside its existing online casino vertical in the country.

Announced today (29 November), the sportsbook will be accessible across all 16 states in Germany. Sports betting will be available on the LeoVegas.de website, which already offers online slots to players in the country.

The operator will promote the new offering via a nationwide marketing campaign that will launch in December. Entitled ‘Thrill Seeker’ this will run across various platforms including TV and affiliates.

LeoVegas has been running online slots under its German gaming licence that was issued in March last year. The licence was issued to LVSports Limited, an entity of LeoVegas Group.

“Launching our sportsbook offering in Germany is a very exciting step for LeoVegas Group as we continue to grow and strengthen our foothold,” LeoVegas Group CEO Gustaf Hagman said.

“Germany is one of Europe’s great sports powerhouses..

November 28, 2024

Virginia sports betting handle hits new record in October, weak hold hits revenue

Sports betting handle in Virginia hit a record $696.1 million (£549.3 million/€659.6 million) in October.

However a year-on-year decline in adjusted gross revenue suggests evidence of player-friendly results in the NFL hitting operators’ performance is emerging.

Handle for October was 21.8% higher than the $571.4 million wagered in Victoria during the same month last year. It also surpasses September’s $622.1 million handle by 11.9%, the Virginia Lottery reports.

The existing monthly record in Virginia was $652.9 million, which was set in January this year. October’s new record surpassed this by 6.6%.

Online betting accounted for $692.2 million of all sports wagering activity in October, with retail’s contribution at $3.9 million.

Hold reaches 7.04% in October

Adjusted gross revenue after player winnings came to $49.0 million. The total falls 13.1% short of October 2023 and 25.6% behind September’s $65.9 million.

Of that total $48.8 million in AGR came from online betting, wh..

November 28, 2024

Aposta Ganha eyes 10% market share as one of Brazil’s first betting licensees

Aposta Ganha expects to take up to 10% market share in Brazil's licensed betting market after securing one of the first licences and gaining early mover advantage.

Aposta Ganha announced on Tuesday (26 November) that its betting licence had been approved by the Secretariat of Prizes and Bets (SPA), paving the way for the operator to enter the legal betting market in Brazil in January.

As a local operator, the company takes pride in being one of the first to receive licence approval in its home country.

Aposta Ganha CCO Hugo Baungartner describes it as a “big, big step”, one that reinforces the operators’ belief that the soon-to-be regulated sector in Brazil will support and protect players and stakeholders.

“We are really happy to get this and this whole thing just comes to reconfirm that we are a group in Brazil that really believes in the market, being a Brazilian group and always, always trying to make the best things for Brazil as well and that’s why we were on the one ..

November 28, 2024

Canada’s NorthStar seeks additional funding to build on Q3 growth

Canada-facing NorthStar Gaming has revealed it is working to secure additional funding to support its long-term growth strategy after reporting a year-on-year increase in revenue in Q3, although the operator remained at a net loss.

Gross gaming revenue during the three months to 30 September was CA$8.4 million (£4.7 million/€5.7 million/US$6.0 million). This is 52.7% ahead of $5.5 million at NorthStar in Q3 last year.

NorthStar, which published the results yesterday (27 November), also showed revenue after deducting bonuses, promotional costs and free bets. When including revenue from other managed services, this left $6.8 million in operating revenue, up 44.7%.

The operator generates revenue from its Northstarbets.ca website. During Q3, total wagers placed through the site hit $234.0 million, a rise of 69.6% from last year.

Q3 costs reduced despite higher marketing spend

Spending-wise, operating costs were cut by 5.2% to $5.5 million, despite a rise in marketing and general and a..

November 25, 2024

Weekend Report: Google to lift social casino advert ban, NHL players reveal sports betting harassment

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: Google to lift ban on social casino adverts, NHL players face sports betting harassment and Jackpot.com pens 7-Eleven partnership.

Google to allow targeted social casino adverts

First this week, Google will lift a ban on targeted and personalised adverts for online social casino games. Social casinos will be removed from Google’s restricted ‘Gambling’ sensitive interest category with effect from 4 December.

Effectively, Action Network reports, this will mean adverts for social casinos are allowed to appear on web pages that consumers visit regularly. This covers all forms of social casino including slot, poker and roulette.

Google has not said specifically why it is removing social casino from its exclusion list of advertisers.

It is expected that Google will remove similar restrictions on all other advertisers from March 2025, allowing any company to ..

November 25, 2024

Arizona gross sports betting hits record $77.4 million in September

Sports betting revenue in Arizona hit a record $77.4 million (£61.5 million/€73.9 million) in September, with the return of the NFL also contributing to the second-highest handle since the Grand Canyon state launched sports betting.

Arizona sports bettors wagered $732.1 million across online and retail channels in September. This This is 19.9% ahead of September 2023’s handle. However, it falls short of Arizona’s all-time monthly record handle of $759.8 million, set in March 2024.

It breaks down to $719.6 million wagered online, with a further $12.5 million coming through retail outlets run by Caesars, Desert Diamond, DraftKings and FanDuel.

After Arizona sports betting licensees paid out $655.7 million in winnings, adjusted gross receipts totalled $77.4 million. This marks a 28.8% improvement on September 2023 and surpasses the record $70.9 million in revenue reported for January 2024, when the NFL play-offs were underway.

It also suggests a statewide hold of 10.5% for the mont..