Betting News – Page 17 – FairOdds Network

January 24, 2025

Vietnam police uncover billion-dollar money laundering ring, illegal wagering op

Vietnam police have announced arrests in a vast money laundering case and an illegal sports betting operation.

Vietnam law enforcement have announced the shutdown of a billion-dollar money laundering operation linked to online gambling. It followed the bust of an illegal sports-betting ring that reaped millions.

On 23 January, AFP reports, officers in Danang arrested five people in the money laundering case, which brought VND30 billion (£960.9 million/€1.14 billion/$1.2 billion) in tainted funds into Vietnam.

Between 2022 and 2024, the sophisticated gang, which included bank employees, used fake IDs, business registration certificates and bank seals to establish 187 phony businesses holding 600 corporate bank accounts.

Through the accounts, they washed money that originated in offshore gambling and fraud. Police called it the biggest money laundering case in the city’s history.

Black market sports betting takedown

The news comes on the heels of another gambling-related raid. On 2..

January 24, 2025

Esportes da Sorte granted full authorisation to operate in Brazil

Esportes da Sorte has been granted authorisation to operate fixed-odds betting in Brazil after a Federal Court injunction.

On Thursday (22 January), the Secretariat of Prizes and Bets (SPA) published SPA/MF Ordinance No 136 in the Official Gazette of the Union, allowing Esportes Gaming Brazil and its Esportes da Sorte and Onabet brands to operate throughout Brazil.

Esportes da Sorte’s inclusion in the federal regulator’s list of authorised companies follows the Federal Court of the Federal District granting an injunction in January to allow it to operate nationally, despite only holding a state lottery licence with Loterj.

In response, Esportes da Sorte said the ruling confirmed the company’s compliance with Brazil’s gambling regulations including paying its licence fee to operate in the regulated market.

“The decision confirms that the company, from the beginning, complied with all legal and regulatory procedures established by the legislation and its respective ordinances,” Espor..

January 23, 2025

Ontario online gambling spend reaches record high in Q3

Ontario players spent CA$22.7 billion (£12.8 billion/€15.2 billion/US$12.8 billion) gambling online during Q3, the highest quarterly amount on record, while the Canadian province has switched to a new, monthly reporting schedule.

Previously, iGaming Ontario, which regulates online gambling in the province, published data on a quarterly basis. However, upon releasing figures for Q3, it confirmed results will now be available every month.

Data is now available for each month since Ontario launched legal online gambling in April of 2022.

Online casino spend reaches new high

Focusing first on Q3, total market spend was 32% higher than in the same quarter of 2023-24. It is also 22% ahead of Q2 of the current financial year. Ontario’s Q3 ran for the three months to 31 December 2024.

Online casino remains by far the main area of interest for players in the province. During Q3, some $18.9 billion was spent in this segment, up 38% on the previous year and another new record for Ontario.

S..

January 23, 2025

From Indiana to New York, US legislative season already packed with bills

State legislators again are taking on the challenge of expanding the internet casino market for 2025.

With the turning of the calendar year comes optimism in most any endeavour. Stage legislatures are no different when it comes to internet casino gaming and sports wagering. A flurry of gambling legislation nationwide has been filed in attempts to expand a still-growing market.

Casino Reports has been gamely trying to keep up with these state-by-state machinations. Here is a rundown of what is going on, perhaps in your backyard:

Indiana: Optimism abounds once more

The Hoosier State was among the first to launch sports wagering post-PASPA and has consistently punched above its weight. Indiana closed out 2024 by becoming the eighth state to surpass $20 billion (£1.6 billion/€1.9 billion) all-time handle. It has surpassed $1.75 billion in sports betting revenue.

Legalising internet casino gaming has been a tougher slog. There was a moratorium on such bills last year after former Repre..

January 23, 2025

Michigan online gambling reaches record $2.9 billion in 2024

Revenue from online gambling in Michigan reached an all-time high of $2.9 billion (£2.4 billion/€2.8 billion) during the 2024 calendar year, with the state reporting record figures across both igaming and sports betting.

Gross internet gaming and sports betting receipts for 2024 surpassed the previous record, set in 2023, by 23.8%. This is also more than double the $1.90 billion in the first year of legal online gambling in Michigan in 2021.

Adjusted revenue, which accounts for promotional spending, amounted to $2.4 billion, up 22.3% year-on-year. Figures from the Michigan Gaming Control Board (MGCB), published on Tuesday (21 January), cover commercial and tribal operators.

Igaming revenue tops $2.4 billion

Starting with igaming, revenue in this segment of the market topped $2.4 billion in 2024. This beats the previous year by 26.3% and is a new record for the state. Adjusted gross receipts for igaming also reached an all-time high of $2.2 billion, an increase of 27.2%.

BetMGM and..

January 22, 2025

ICE: California tribes won’t try for wagering legalisation in 2026

On Tuesday (21 January) a panel of California tribal leaders told ICE participants that they won't put legal sports betting on the 2026 ballot. Indian Country has reached some consensus, but polling indicates voters aren't interested.

California Nations Indian Gaming Association (CNIGA) chairman James Siva said that tribes have “come too far and have too far to go to rush into this complex sports betting (issue) which is tied to igaming”. His remarks led a chorus during the ‘State of Gambling in California: Current Trends and Future Prospects’ discussion at the ICE convention in Barcelona.

Siva was joined by Pechanga Band of Mission Indians councilmember Catalina Chacon and San Manuel Band of Mission Indians vice chairman Johnny Hernandez. The panel was the last of four put on by the Indian Gaming Association (IGA). A how-to guide for working with Indian Country, a history of how San Manuel grew gaming and a discussion about remaining growth opportunities for tribal sport..

January 22, 2025

Massachusetts sets another sports betting handle record in December

Massachusetts reported a record sports betting handle for the fourth consecutive month in December, with consumers in the Bay State wagering $788.3 million (£639.3 million/€757.4 million).

The December total surpasses the existing monthly state record of $777.8 million in November by 1.4%. It is also 19.7% more than the $658.7 million bet in Massachusetts in December of 2023.

Massachusetts Gaming Commission data shows online betting spend for the month was $776.8 million. Retail sportsbooks across the state took a total of $11.5 million in bets.

As for revenue, however, total taxable gaming revenue declined 5.1% year-on-year to $57.5 million. This is also 28.6% lower than November’s record $80.5 million haul. The decline comes in the wake of customer-friendly sports results that impacted the entire industry in December.

Online betting was responsible for almost all revenue in December, generating $57.4 million. In contrast, just $64,037 came from retail wagering.

In terms of hold..

January 22, 2025

ESPN Bet enters 20th market with Washington DC launch

Penn Entertainment has reached a significant milestone by announcing the launch of ESPN Bet in Washington DC, with the latest rollout meaning the brand is now live in 20 markets across the US.

DC players can now access and place bets with ESPN Bet via mobile and web platforms. The brand offers wagering across major league sports in the US and other competitions from around the world.

Betting options include live betting and featured parlays, while users will also have access to features such as daily odds boosts, custom offers and exclusive promotions and integrations with ESPN content and personalities.

In addition, customers in DC will have the option to link their ESPN Bet and ESPN accounts. This will allow them to track upcoming, live and settled bets within the ESPN app and on ESPN.com.

ESPN Bet joins other leading names such as BetMGM, Caesars Sportsbook, DraftKings, Fanatics Sportsbook and FanDuel in DC.

“We’re thrilled to launch ESPN Bet in our nation’s capital and expand ..

January 22, 2025

Britbet extends UK Tote Group partnership until 2030

Britbet Racing, a partnership of 55 racecourses across Great Britain, has signed an extension to its long-term partnership with the UK Tote Group.

The deal will see Tote continue to deliver its on-course pool betting service across almost all Britbet racecourses. The agreement will go live in November 2025 and run until at least the end of October 2030.

However, at present the deal excludes all Arena Racing Company (ARC) racecourses within the Britbet partnership. Talks over pool betting between ARV, Britbet and UK Tote Group remain ongoing.

Under the renewed deal, all covered racecourses will continue to control the delivery of on-course betting at their racing venues. Tote’s brand will remain associated with this offering while Tote will also provide all off-course services.

“The delivery of a daily pool betting service ranges from 500-plus staff on each day of the Cheltenham Festival, through to meetings where everyone knows each other on a weekday winter evening,” Britbet manag..

January 21, 2025

Casinos, pro sports team can create meaningful synergy

In Washington DC or downtown Phoenix, sports fans can get a double whammy – go to a game and visit a casino. In Dallas, Miriam Adelson and Mark Cuban are hoping to create the same sort of destination. The model is good for both parties, said speakers at an ICE panel on Monday (20 January).

Adam Sachs, counsel and senior policy advisor for Dentons, joined Brendan Bussmann of B Global Advisors to discuss the issue. The panel was entitled ‘From Sin City to Sport Central: Creating an Intercommercial Gaming Ecosystem’.

“Having a casino connected with professional sports… I think we all help each other,” said Sachs, whose law firm works with professional sports teams and gambling companies. “It’s all fan engagement or consumer engagement. We tend to bring each other to a destination. It’s also good for the economies.”

Sachs maintained that he believes that more is better. While it might seem like having a casino or sportsbook in or next to a sports venue could be at cross purposes, the ..

January 21, 2025

Denmark gambling revenue rises 7.8% in November

Overall gambling revenue in Denmark increased 7.8% year-on-year in November, driven by double-digit growth within the country’s online casino market.

Revenue for November reached DKK654 million (£74.1 million/€87.6 million/$90.7 million), Denmark regulator Spillemyndigheden reports. This is ahead of DKK608 million in the same month of previous year and 6.0% higher than October 2024.

As has been the case for some time, online casino generated the most revenue during the month. In total, revenue from this segment hit DKK295 million, up 17.9% year-on-year and 3.9% above October’s total.

Slots accounted for 77.4% of all online casino revenue in November. Blackjack drew 6.7%, roulette 6.6%, poker 3.5%, bingo 3.1% and other games 2.7%.

Minimal growth elsewhere in Denmark

While online casino continues to expand at a rapid rate, other segments also grew but at a much slower place.

Sports betting was the next highest segment in terms of revenue, generating DKK232 million for the month. T..

January 20, 2025

Pennsylvania sets another igaming revenue record in December

Pennsylvania operators reported record igaming revenue for the second consecutive month. But in December, sports betting revenue declined due to customer-friendly results that impacted the wider sector.

Total revenue from gambling in Pennsylvania in December totalled $533.1 million (£463.5 million/€517.3 million). This is 0.2% lower than the previous year and also 5.2% less than November’s $562.4 million record hold.

Pennsylvania Gaming Control Board (PGCB) figures highlight igaming as the state’s stand-out segment in December. Monthly revenue here hit $223.6 million, some 35.5% ahead of December 2023 and 11.5% above November’s existing record.

Of this total, $164.3 million came from online slots, up 40.5% year-on-year. Internet table-games revenue also increased by 24.2%, while online poker revenue edged up 2.9% to $2.5 million.

Players spent $4.28 billion playing online slots during December, as well as $3.01 billion on internet table games. Online poker spend was not disclosed.
..

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