News

Diamond Sports Group, the bankrupt operator of regional sports networks (RSNs) currently bearing the Bally’s Sports name, is asking a court to allow it to rebrand to FanDuel as soon as possible. A map of Bally’s regional sports networks (RSNs). Operator Diamond Sports is pushing to rebrand those networks to FanDuel as soon as possible. (Image: The Business Journals) In a Tuesday filing with the US Bankruptcy Court, Southern District of Texas, Diamond said it must shift to FanDuel branding soon because the NHL season has already commenced, the 2024-25 NBA campaign starts next week, and because the broadcaster’s agreement with Major League Baseball (MLB) expires at the end of …

American Bettors’ Voice (ABV), a wagering advocacy group formed earlier this year, announced Wednesday that Rutgers University professor Dr. Harry Crane joined its advisory board. Dr. Harry Crane teaching a class. He joined the advisory board of American Bettors’ Voice. (Image: YouTube) A graduate of the University of Pennsylvania and the University of Chicago, Crane is well-known in sports wagering circles as one of the foremost researchers on betting exchanges, prediction markets, and sports analytics. Dr. Crane is Professor of Statistics and Affiliated Faculty in the Graduate Program in Philosophy at Rutgers University. Professor Crane has served as a Visiting Scholar in Mathematics at the University of California at Berkeley, …

Circa Sports is taking its usual pragmatic, thoughtful approach to expanding into new states, but a surprise jurisdiction is on the company’s radar: California. Circa Sports owner Derek Stevens at one of the company’s sportsbooks. He said the operator would be interested in running a retail sportsbook in California. (Image: Jeff Scheid/Nevada Independent) In an interview with The Las Vegas Review-Journal, Circa co-founder and CEO Derek Stevens said if the Nevada neighbor approves sports wagering with an in-person registration requirement, Circa would jump at the chance to open a brick-and-mortar sportsbook in the most populous state. Of the states that currently offer mobile sports wagering, Nevada stands out — arguably …

Brazilian soccer star Lucas Paqueta is facing two new charges as part of the English Football Association’s (FA) investigation into allegations of spot-fixing. Lucas Paqueta, above, pictured in a publicity image For West Ham United. The midfielder faces potentially career-ending charges of spot-fixing. That’s after around 60 people in Brazil bet on him to receive yellow cards in games in 2023. (Image: West Ham Utd) The West Ham playmaker was charged in May with deliberately seeking to “receive a card from the referee for the improper purpose of affecting the betting market.” The seriousness of the charges is unprecedented in English soccer. If proven, they could be career-ending for the …

The developing news in Alberta will no doubt be front and center at G2E on Wednesday, with a panel discussion on the Canadian market featuring the government minister quarterbacking that province’s iGaming expansion. Alberta government minister Dale Nally, seen here speaking at the Canadian Gaming Summit in Toronto in June, will be front and center at a G2E panel discussion on the Canadian market tomorrow. Image/Mark Keast “Understanding the Changing Canadian iGaming Landscape” is the topic of the panel. That’s scheduled for 3:10 p.m. Wednesday at The Venetian Expo in Las Vegas. Alberta Working Toward an Ontario-Style Model Led by Paul Burns, President & CEO of the Canadian Gaming Association, …

bet365 has selected Denver as its US headquarters and plans to hire nearly 1,000 people in the years ahead in Colorado’s largest city. bet365’s sign promoting betting at an Australian cricket match. The company announced Denver as its US headquarters, saying it will fill nearly 1,000 jobs there. (Image: Getty Images) The UK-based gaming giant already has an office in Denver where about 50 people are employed, but its official headquarters is now located at 1701 Platte Street. The Colorado Office of Economic Development and International Trade (OEDIT) said the gaming company could fill as many as 300 roles in its first year of calling Denver its US home. Positions …

They’re direct competitors, but when it comes to FanDuel parent Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), what’s good for one can benefit the other. A DraftKings billboard appears at Times Square in New York City. Analysts believe good news from rival FanDuel is benefiting DraftKings, too.(Image: NASDAQ) That was the case Wednesday when Flutter told investors it sees the total addressable market for gross gaming revenue (GGR) in North America swelling to $70 billion by 2027. The forecast includes $63 billion attributable to the US, which is 1.5x higher than the operator’s prior estimates and doesn’t include the addition of new states into the iGaming or sports betting …

Fanatics is reportedly considering selling equity to employees at a $25 billion valuation, a hefty discount to the $31 billion the company was valued at following a December 2022 funding round. The Fanatics Sportsbook logo. The company is rumored to be considering the sale of equity to employees at a $25 billion valuation. (Image: Fanatics) Citing unidentified sources familiar with the matter, Bloomberg reported Wednesday that privately held Fanatics is mulling selling $75 million to $100 million worth of shares to staffers of the sports apparel giant. Selling stock to employees would give them some liquidity, a Fanatics representative told Bloomberg. Timing for a decision wasn’t mentioned. The news emerged …

Two Pennsylvania casino owners have decided to shutter the oldest horse racetrack in the country in neighboring New Jersey. A photograph shows live harness racing in Freehold, NJ. The photograph is believed to be from 1905-1910. Two Pennsylvania casino operators that own the Freehold Raceway, the oldest horse racetrack in the United States, plan to close the facility at the end of 2024. (Image: Monmouth County Historical Association) New Jersey’s Freehold Raceway traces its roots to the 1830s. Harness racing became the staple of the half-mile dirt oval beginning in 1854. Freehold has long been considered the oldest horse racetrack in the United States. That designation will end when the …

DraftKings is betting big that Missouri voters in November will back Amendment 2, a ballot referendum that would authorize retail and online sports betting in the Show-Me State. The Gateway Arch in St. Louis, Mo. The Missouri sports betting referendum campaign has received another $5 million from DraftKings. (Image: Shutterstock) The Boston-based sportsbook leader this week wrote a $5 million check to Winning for Missouri Education, the political committee behind Amendment 2. DraftKings’ contribution comes a day after Casino.org broke the news that Caesars Entertainment is funding the opposition to the sports betting question. Caesars reportedly opposes Amendment 2 because it would allow too many sportsbook entities access into the …