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Ohio Senate Bill 176 gets a lot of attention for the fact it would legalize sports betting in the Buckeye State. However, there’s another provision in the bill that would allow electronic instant bingo, also known as e-bingo, at roughly 875 facilities across the state. As a result, some gaming companies that operate casinos in the state have come out against the bill. The interior of JACK Thistledown Racino in North Randall, Ohio. JACK Entertainment is among the gaming companies that have raised concerns about efforts to legalize e-bingo machines across the state. (Image: JACK Entertainment) On Wednesday, just a couple hours after the Senate voted 30-2 to pass SB …

Massachusetts lawmakers are hearing arguments this week on whether to legalize sports betting. But one critic of the further expansion of gambling says it unjustly targets minorities. Stop Predatory Gambling National Director Les Bernal on a Zoom call with the Massachusetts Joint Committee on Economic Development and Emerging Technologies. Bernal is advocating that state lawmakers vote against sports betting. (Image: Commonwealth of Massachusetts) Les Bernal has been the national director since 2008 of Stop Predatory Gambling, a nonprofit organization committed to limiting commercial gambling. He spoke before the Massachusetts Joint Committee on Economic Development and Emerging Technologies to urge lawmakers to reject sports betting. Bernal, long known in the gaming …

Saracen Casino Resort is the only casino in Arkansas that had better results at its sportsbook in May than the previous month. Overall, the casinos made a profit in May, but less than in April. An employee at the Southland Casino Racing sportsbook, right, hands over a betting ticket at the ticket window. Southland’s sportsbook was less active in May than in April. (Image: Memphis Flyer) In May, the sportsbook handle at Saracen jumped to more than $1 million, up from a $964.218 handle in April, according to figures released Thursday by the Arkansas Racing Commission. The “handle” refers to the amount of money bettors put down on sporting events. …

The Ohio Senate wasted little time in passing a bill to legalize sports betting in the state. On Wednesday, one day after the Senate Select Committee on Gaming passed an amended bill, the full body approved the measure by a 30-2 margin. Ohio state Sen. Niraj Antani speaks in support Wednesday of Senate Bill 176, a bill he co-sponsored that would legalize sports betting in the state. The bill passed by a 30-2 vote and now heads to the state House of Representatives. (Image: The Ohio Channel) After starting with 20 mobile and 20 retail licenses each, Senate Bill 176 now has increased the number of mobile (Type A) licenses …

BetMakers Technology Group (ASX:BET) stock was halted today by the Australian Stock Exchange (ASX). It came at the request of the sportsbook operator pending the announcement of a “material acquisition.” BetMakers adviser Matthew Tripp. The gaming company halted its stock in Sydney pending a deal announcement. (Image: The Australian) In a statement revealing the halt, ASX included a letter from Charly Duffy, BetMakers company secretary, requesting that trading activity in the shares be stopped until Monday, June 21. BetMakers isn’t aware of any reason why “the halt should not be granted,” according to the letter. “The Securities of BetMakers Technology Group will be placed in trading halt at the request …

Aided by more states joining the live and legal party, the US sports betting handle more than doubled from the levels seen prior to the coronavirus pandemic, according to Canaccord Genuity. Bettors at the Mirage sportsbook in Las Vegas, pictured above. A research firm says the US sports betting handle doubled. (Image: Rapid City Journal) Today, there are 21 states and Washington DC where sports betting is legal. Recent launches in Michigan and Virginia, among others, are driving legalization momentum in the first half of 2021. That strength could continue in the back half of the year as more states enter the regulated sports wagering arena. Six states representing an …

A day after slumping following publication of a bearish report by Hindenburg Research, DraftKings stock (NASDAQ:DKNG) is rebounding modestly Wednesday. Several analysts are defending the sportsbook operator, along with the support of a well-known investor. ARK Investor founder Cathie Wood, seen above. Her firm bought more DraftKings stock following release of a bearish research report. (Image: Business Insider) On Tuesday, shares of DraftKings finished lower by 4.1 percent — though that was well above the lows of the day — after short seller Hindenburg issued a scathing report. It accused SBTech, a unit of the sports wagering company, of operating in markets where sports betting is prohibited, money laundering, and …

A recent poll found that more than half of the UK public supports a complete ban on advertisements related to gambling.  A Ladbrokes logo on the Celtic F.C. jersey of the Scottish Professional Football League. A poll finds that a majority of people in the UK want fewer gambling advertisements in sports, and on television, social media, and online. (Image: Sky Sports) More than 12,200 people were surveyed to gauge their comfort levels with gambling products being advertised on television, radio, and online. The survey was commissioned by the Action on Smoking and Health organization and conducted by YouGov, a London-based research and analytics firm,  The poll concluded that 63 …

YouTube announced this week that it is no longer accepting advertisements for its website’s homepage masthead from companies marketing gambling.  A Ford advertisement on the YouTube masthead. The video-sharing site is no longer allowing marketing spots from sportsbooks and companies highlighting gambling products. (Image: MarTech) YouTube’s masthead ads are the commercial spots site users see at the top of the video-sharing and social media platform’s homepage. Google, which owns YouTube, says the masthead is YouTube’s “most prominent advertising placement available to advertisers.” But effective immediately, casinos, sports betting firms, and any other company trying to market gambling-related products or services can no longer invest in the masthead space.  Assets that …

Shares of DraftKings (NASDAQ:DKNG) are sliding Tuesday after noted short-selling activist Hindenburg Research published a lengthy report. The report alleges the gaming company’s SBTech unit operates in jurisdictions where sports betting is illegal, and may have connections to money laundering and organized crime. Hindenburg Research founder Nathan Anderson, seen above. A new report from his firm says DraftKings unit SBTech runs illegal gambling operations. (Image: Johnny Milano/Fortune) Founded by Shalom Meckenzie, one of the richest men in Israel, SBTech was part of a 2020 three-way reverse merger involving DraftKings and special purpose acquisition company (SPAC) Diamond Eagle Acquisition Corp. That transaction paved the way for DraftKings to become a publicly …