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Spotlight Sports Group, a company focused on sports technology, content, and media, is shining the spotlight on itself once again. The company has teamed up with Spain-based Diario AS to promote the latter’s activities in the sports realm. Diario AS offices in Spain. The sports media company is bringing in Spotlight Sports to help it enhance its user engagement. (Image: Diario AS) Diario AS is a sports publisher that has been reporting on soccer and other sports since 1967. It is behind several publications and online sites, including AS.com. Spotlight, which operates Racing Post, is now bringing its expertise to Diario AS. The objective is to provide the latter with …

Deadwood sportsbooks began taking bets in mid-September. Less than three months later, oddsmakers are facing an array of fines for violating state regulations. The BetMGM Sportsbook at Tin Lizzie in Deadwood is seen in October 2021. Gaming regulators in South Dakota say multiple sportsbooks have violated sports betting regulations since such operations began in September. (Image: South Dakota Public Broadcasting) Sports betting is presently operating on the premises of five Deadwood casinos — Cadillac Jack’s Gaming Resort, Tin Lizzie Gaming Resort, Gold Dust Casino, Mustang Sally’s, and Deadwood Mountain Grand. Sportsbooks are soon coming to The Lodge at Deadwood, Gold Country Inn, and Deadwood Station Bunkhouse. But the South Dakota …

Maryland sports betting is officially underway, the first legal wager being placed at MGM National Harbor this afternoon, Dec. 9. Maryland Gov. Larry Hogan (R) cuts the tape on the BetMGM Sportsbook & Lounge at MGM National Harbor. The event today was to celebrate the start of legal sports betting in Maryland. (Image: Twitter) After months of state officials seemingly dragging their feet, sportsbooks licenses have been formally issued to five of the state’s six land-based casinos. Live! Casino Hotel Maryland in Hanover near BWI airport, and Horseshoe Baltimore Casino will debut their sportsbooks tomorrow. Maryland Gov. Larry Hogan (R) and NFL legend Joe Theismann placed the first bets at …

Major League Soccer (MLS) is eyeing Las Vegas for a potential home for one of its next expansion teams. MLS Commissioner Don Garber takes questions today during his State of the League address. The US soccer official says Las Vegas is being strongly considered for an expansion team in the coming years. (Image: MLS) MLS Commissioner Don Garber said today in his annual State of the League address that Las Vegas is an ideal market for professional soccer. The MLS chief executive explained during his virtual press conference that billionaire Wes Edens, co-owner of the NBA Milwaukee Bucks, is interested in pursuing an MLS expansion team in Las Vegas. We’re …

UK-based betting outfit Colossus Bets is suing DraftKings in a Delaware federal court. It claims the American company has infringed its patent rights by offering a “cash-out” function via its online sportsbook. Colossus Bets founder Bernard Marantelli, above, said in a statement that his company takes its intellectual property “extremely seriously” and will protect it in court. (Image: SBC News) It’s the second patent infringement lawsuit filed against DraftKings this year. The London-based tech supplier specializes in B2B pool betting. It entered the US market in 2019, when it became licensed as a service provider first in North Dakota and then in Oregon. But the lawsuit states the US Patent …

Sports Entertainment Acquisition Corp. (NYSE:SEAH), the special purpose acquisition company (SPAC) merging with Betway parent Super Group, is earning kudos from a sell-side. That indicates there’s some enthusiasm for what’s likely to be one of the fourth quarter’s largest blank-check deals. Betway parent Super Group draws praise from analysts. Its SPAC deal is expected to close in December. (Image: The Daily Mail) In a note to clients today, Benchmark analyst Mike Hickey starts coverage of Sports Entertainment Acquisition with a “buy” rating and a $16 price target, implying upside of 45.45 percent from the Nov. 29 close. That coverage will transfer to Super Group when it becomes a standalone public …

UPDATE (3:45 pm ET) – This article has been updated to include information on the Seminole Tribe of Florida’s emergency appeal to the District of Columbia US Circuit Court of Appeals seeking a stay of US District Judge Dabney Friedrich’s order.  A federal judge late Wednesday ruled against the Seminole Tribe when she declined to issue a stay on her order from earlier in the week. That ruling declared the tribe’s amended gaming compact with the state of Florida illegal. A screenshot of the Hard Rock Sportsbook webpage. Late Wednesday, US District Judge Dabney Friedrich denied a Seminole Tribe of Florida motion to allow it to continue operating sports betting …

Sports betting in New York is getting ready to expand, thanks to the pending launch of mobile applications. But state Sen. Joseph Addabbo, D-Queens, is already looking to take another step and get the racetracks involved. Horses race on the turf course at Aqueduct Racecourse in Queens, NY. On Friday, state Sen. Joseph Addabbo filed legislation that would allow the state’s racetracks and professional sports stadiums to offer sports betting kiosks for patrons. (Image: NYRA/Coglianese Photo) On Friday, the chairman of the Senate Committee on Racing, Gaming, and Wagering filed Senate Bill S7536 for the upcoming session in January. It would allow the thoroughbred and harness racing tracks to serve …

Amid ongoing enthusiasm for sports wagering equities, particularly among younger retail investors, a new exchange traded fund (ETF) addressing the segment is here. A new sports betting ETF listed on the Nasdaq. It faces established competition. (Image: Bloomberg) The iBET Sports Betting & Gaming ETF (NASDAQ: IBET) debuted Tuesday, becoming the second ETF dedicated to iGaming and sports betting stocks. IBET is sponsored by Inherent Wealth Fund LLC, a San Francisco-based asset manager and issuer of thematic and sector-specific ETFs. CEO Jeffrey Kamys, who has more than 15 years experience in the fantasy sports, sports analytics, and sports industries, is managing the new fund. IBET  is an actively managed ETF …

Chinese police in the eastern city of Wenzhou say they have disrupted a syndicate that illegally capitalized on an online sports book “loophole” to cash in the equivalent of around US $4.6 million. Two Chinese police officers stand guard in Beijing in an image taken in 2009. Their colleagues in Wenzhou have disrupted a gambling ring that made $4.6 million in just seven months. (Image: Getty) The scheme involved buying up hundreds of money-losing accounts to exploit perks afforded to big-betting but unsuccessful gamblers, as reported by Wenzhou Evening News. Police said the “core figure” of the gang was a Wenzhou internet café owner identified only as “Shi.” Shi had …