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In a widely anticipated move, Canada passed single-game sports wagering Tuesday. Wall Street analysts moved swiftly to highlight gaming equities positioned to capitalize on the new, potentially lucrative market. Score Media advertised at the Nasdaq market site. Analysts see it as a big winner on Canada single-game sports betting. (Image: CNBC) The list includes US-based operators such as BetMGM, Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN), as well as Toronto-based Score Media & Gaming (NASDAQ:SCR). The Safe and Regulated Sports Betting Act (Bill C-218) was passed by Canadian senators, and after it’s signed into law, it heads to the country’s provinces for local implementation. Ontario, the largest province, …

Sporttrade, a sports betting financial technology company, announced Tuesday it raised $36 million from a group of investors. They include former MGM Resorts International Chairman and CEO Jim Murren and Nasdaq CEO Tom Wittman. The fundraising comes one month after launching its website, Sporttrade Founder and CEO Alex Kane testifies before the Ohio Select Committee on Gaming during a May 19 hearing in the Columbus statehouse. On Tuesday, the sports betting exchange startup announced it received $36 million in investor funding and plans to launch in New Jersey later this year. (Image: The Ohio Channel) In addition, the Philadelphia-based firm announced it would launch its sports betting exchange platform in …

The Chicago Bears pro football team has announced its first sportsbook and casino partners: Rush Street Interactive’s [RSI] BetRivers.com and Rivers Casino. News of the agreement comes shortly after the Bears submitted a bid for Arlington International Racecourse. Chicago Bears Coach Matt Nagy. The Bears have announced their first sportsbook and casino partners: Rush Street Interactive’s [RSI] BetRivers.com and Rivers Casino. (Image: Chicago Tribune) In an agreement announced this week, there is a multi-year exclusive gaming partnership between the companies. Much of it appears to relate to marketing initiatives. We look forward to connecting with our fans in fun and unique ways through these avenues, and couldn’t be prouder to …

By a 57-20 margin, Canadian Senators on Tuesday overwhelmingly passed legislation to allow single-game sports betting in the country. The vote, during the third and final reading of C-218, was the last major step before the bill officially becomes law. Senators who support bill C-218 stand on the chamber floor in Ottawa to be counted for a vote to legalize single-game sports betting in the country. The measure passed by a 57-20 margin. (Image: Senate of Canada) As the votes were being tallied, supporters in Ottawa, including bill sponsor MP Kevin Waugh (Conservative-Saskatoon-Grasswood) and key stakeholders across the country celebrated the landmark achievement. Just moments ago, #C218, the Safe and …

Todd Blanken, who allegedly was a key player in what was described as a “multi-million dollar” Chicago-based gambling ring, has avoided spending time in prison. Casey Urlacher, mayor of Mettawa, Ill, shown here, avoided time in prison after he was pardoned by President Donald Trump for a federal gambling inquiry. Now, a co-defendant, Todd Blanken, has also avoided prison time. (Image: Rich Hein/Chicago Sun-Times) On Monday, US District Judge Virginia Kendall sentenced the 44-year-old former resident of Cary, Ill. to six months in a community center. He can work while staying in the center. He was also given two years of probation, according to the Chicago Sun-Times. Prior to the …

The familiar catalysts of rising consumer penetration and increasing state-level legalization could drive the North American online casinos and sports wagering market to $42 billion, according to CFRA Research. Bettors celebrate at the FanDuel sportsbook at the Meadowlands, above. CFRA forecasts big growth for iGaming and sports betting. (Image: Reuters) In a note to clients, analysts Andrew Tam and Tuna Amobi point out that the US sports wagering market is still in its formative stages, but gaining significant traction. That’s following the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA). They call PASPA a “watershed event in the evolution of this market.” The analysts see …

Internet casino and online sports wagering operator Codere Online said today it’s merging with special purpose acquisition company (SPAC) DD3 Acquisition Corp. II (NASDAQ:DDMX). That paves the way for the target to become Latin America’s first publicly traded online gaming firm. Codere Online Managing Director Moshe Edree, pictured above. That company is merging with a SPAC and will list in the US. (Image: Twitter) The transaction values Codere at an estimated pro forma enterprise value of approximately $350 million, or 2.3x the operator’s forecast 2022 sales of $150 million. That implies a market capitalization of $500 million. Assuming no redemptions by DD3 investors, Codere expects to emerge from the deal …

A London-based marketing agency has been criticized for brokering deals between elite soccer teams and betting companies. The betting firms allegedly want to use the global reach of Europe’s top leagues as a springboard to target illegal markets. LoveBet’s sponsorship of Burnley in the 2019-20 season (pictured) saw players carrying the Mandarin version of the operators’ logo on their jerseys. (Image: Getty) SportQuake proclaims on its website that it “helps brands connect to the global football [soccer] phenomenon.” But it has been called out by The Athletic for its role in steering English Premier League teams towards deals with obscure betting companies. Those firms allegedly use the controversial “white-label” licensing …

One month after it was announced Matt King would leave FanDuel, it appears the CEO of the sports betting and technology company has found his next gig. Matt King, the soon-to-be departing CEO of FanDuel, reportedly will start work at Fanatics once he leaves the sports betting and daily fantasy operator. That’s according to a report published Monday by Sportico. (Image: CNBC) Sportico reported Monday that King will land at Fanatics, a sports e-retail giant. It’s uncertain when exactly he’ll arrive at the Jacksonville, Fla.-based company. The sports business news site cited anonymous sources, who noted King would join once he leaves his FanDuel perch this summer. King wasn’t the …

Canadian senators on Monday turned down by a wide margin an amendment that would have kept lawmakers from giving a final reading to a bill legalizing single-game sports betting in the country’s criminal code. Canadian Sen. Brent Cotter votes against an amendment to a bill to legalize single-game sports betting in the country. The body is set to vote tomorrow to pass the bill, one of the last steps needed before it can become law. (Image Senate of Canada) After that victory, supporters called for a vote on the third reading of C-218. That vote is set to take place Tuesday at 3:30 pm ET. A sincere thank you for …