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VSC – FairOdds Network

Tag: VSC

DC Council fines Intralot $5 million for violating subcontracting agreements

The drama surrounding the Washington DC sports betting market continued with an announcement today (14 January) that the DC Council has fined Intralot $5 million (£4.09 million/€4.85 million) for violating small business subcontracting agreements in its sole-source sports betting and lottery contract.

In addition to Intralot, subcontractor Veterans Services Corporation (VSC) was also fined $1.5 million, bringing the total to $6.5 million. The fines were announced by the DC office of the attorney general (OAG).

The OAG said that when Intralot sought to secure the controversial contract in 2019, it did so with the premise that “VSC would perform 51% of the work – all with its own resources – and receive an equivalent percentage of the revenue”. DC law requires that 35% of large government contracts be subcontracted to local small businesses. The benefits to VSC and other local businesses was said to be among the primary reasons that the contract was awarded.

But that premise turned..

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Maryland: Betfred to exit, Bally’s and VSC to enter wagering market

Digital wagering operator Betfred Sportsbook revealed that it will be exiting the state of Maryland at Thursday's (20 June) Maryland State Lottery & Gaming Control Agency meeting.

Betfred’s US business, partnered with Long Shot’s (off track betting) OTB in Frederick, has struggled to gain traction and will shutter its retail and digital sportsbooks over the summer. Betfred will close its brick-and-mortar location on 30 June and take down its digital platform on July.

Maryland’s wagering law allows for more than 15 “Class B” licences, which are for OTBs, bingo halls and similar businesses. The idea was to spread the opportunity to participate in sports betting beyond the professional sports teams and casinos.

Long Shot’s was vocal during the legislative process, which also included using what lawmakers called a “lens of inclusion”. This was designed to help small businesses and women- and minority-owned businesses to enter the market.

Maryland Lottery & Gaming director John ..

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