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The BetMGM Sportsbook at State Farm Stadium, home of the NFL Arizona Cardinals, is officially under construction in Glendale in that state. A rendering of the BetMGM Sportsbook at State Farm Stadium in Glendale, Az. The sportsbook is being built on the campus of the NFL Arizona Cardinals stadium. (Image: BetMGM) BetMGM, the sports betting and iGaming unit of MGM Resorts announced this week that construction is underway at the 16,800-square-foot facility. The sportsbook is expected to open in time for the kickoff of the 2022 NFL regular season in early September. BetMGM CEO Adam Greenblatt says the two-story sportsbook being developed in conjunction with the Arizona Cardinals football team …

The 2024 Las Vegas Super Bowl will cost Clark County and the city around $60 million. A substantial portion of the hosting budget — $40 million — was approved this week by the Las Vegas Convention and Visitors Authority (LVCVA). Allegiant Stadium, home of the Las Vegas Super Bowl in 2024, is seen after the NFL awarded the big game to Southern Nevada in December. Las Vegas officials expect to incur around $60 million in expenses in hosting Super Bowl LVIII. (Image: Getty) During its January meeting yesterday, the LVCVA board of directors signed off on directing $40 million to the Las Vegas Super Bowl Host Committee, LLC. The board …

One of this week’s biggest stories in the gaming industry is that mobile sports wagering is going live in New York on Saturday, Jan. 8. But at least one analyst says that for operators, the news isn’t all it’s cracked up to be. DraftKings is launching mobile sports betting in New York tomorrow. An analyst says it’s a non-starter. (Image: Twitter) In a contrarian take on the headlines, Roth Capital analyst Edward Engel cautions investors about getting excited over the opening of the fourth-largest state to mobile betting. We expect operators to continue pursuing aggressive marketing/promotional strategies in NY, and when combined with NY’s 51 percent gross gaming revenue (GGR) …

Arizona sports betting came bolting out of the blocks in its debut month of September, taking in more gross gaming revenue than any other state did in the first month. Experts are saying it may have something to do with the Arizona Cardinals’ flying start to the NFL season. Cardinals fans celebrate during a game at the State Farm stadium. The team’s strong start to the season may be behind Arizona residents embracing sports betting. (Image: Deseret News) According to figures released this week by the Arizona Department of Gaming (ADG), the state’s sports betting operators handled $291.2 million in wagers, generating gross gaming revenue of $32.3 million. For comparison, …

Arkansas voters legalized commercial casino gambling through a November ballot referendum. Along with allowing two racinos to transition into full-scale casinos with slot machines and table games – as well as two brand-new from-the-ground-up casinos – Issue 4 legalized sports betting in the state. A gambler places a sports bet at the Saracen Sportsbook in Pine Bluff earlier this year. The Arkansas Racing Commission this week moved mobile sportsbooks forward by approving provisional rules. (Image: KTHV) Sports betting commenced in the summer of 2019 at Arkansas’ two racinos turned casinos — Southland Casino Racing and Oaklawn Racing Casino Resort. A sportsbook has also since opened at the new Saracen Casino …

Sports betting platform provider Kambi on Wednesday announced a deal with another emerging US operator. This time, the Malta-based technology company reached an agreement to provide sportsbook services for Affinity Interactive, which plans to operate under the brand DRF Sports. Affinity Interactive Chairman James Zenni said the multi-year partnership with gaming technology provider Kambi “is the first step” toward establishing Affinity’s DRF Sports as a sportsbook and iGaming operator. (Image: Affinity Interactive) While terms of the agreement were not released, a joint statement said the two sides signed off on a multi-year partnership. The pact calls for Kambi to provide the platform for Affinity Interactive’s online and brick-and-mortar sports betting …

Ohio sports betting is officially legal, though it will be some time until the first sanctioned wager is placed. Pre-game ceremonies at an Ohio State Buckeye football game in 2019 are pictured. The Buckeyes play the Utah Utes in the Rose Bowl on January 1. Despite the Ohio sports betting bill being signed by the governor, Ohioans will need to wait before they can place a legal wager on their home turf. (Image: USA TODAY Sports) Ohio Gov. Mike DeWine (R) signed House Bill 29 last night. The legislation allows casinos, racinos, and professional sports stadiums to seek retail and mobile sports betting licenses. Bars are permitted to partner with …

Fubo Sportsbook launched Monday in Arizona. It’s the second state for the app tied to the live-streaming platform fuboTV. After launching in Iowa last month, Fubo Sportsbook debuted in Arizona this week. Fubo Gaming President Scott Butera said the sports betting operator will soon expand to Indiana, New Jersey, and Pennsylvania. (Image: fuboTV) The sports betting operator received the license through its partnership with the Ak-Chin Indian Community. It is the 11th operator to establish a presence in the Grand Canyon State. As a streaming platform, fuboTV is best known for being marketed as a sports-focused service. About a year ago, the company began making acquisitions to enter the US …

Following a rough stretch for a variety of sports betting stocks, some banks are reassessing ratings and price targets on those names. At Wells Fargo, Caesars Entertainment (NASDAQ:CZR) and Flutter Entertainment (OTC:PDYPY) top the list of near-term ideas. The sportsbook at Caesars Palace Las Vegas. Wells Fargo prefers Caesars and Flutter among sports betting equities. (Image: Caesars) In a note to clients today, analyst Daniel Politzer said Caesars and Flutter, the parent company of FanDuel, offer investors the most compelling risk/reward profiles in the sports wagering industry at the moment. CZR and FLTR offer the best risk/reward here, as we believe these companies’ management teams have both the credibility and …

Horse racing is a contentious topic everywhere. While some believe it should be erased permanently, others believe it still has merit. Many French citi is experiencing a little of both. However, an increase in betting on the ponies in the country has BtoBet predicting races will make a strong return. The Prix de l’Arc de Triomphe horse race in France. An increase in racing and race betting is leading some to believe that horse racing might make a resurgence. (Image: The Guardian) Over the past several years, horse racing in the US has come under fire following a string of deaths at the Santa Anita track. Some states, like Florida, …