After a number of legislative hearings during the summer to discuss sports betting legalization in Missouri, the topic is once more being considered by the state’s lawmakers. The goal is to potentially have sports betting up and running at some stage in 2020 if this latest effort is a success. One of the main issues standing in the way of legalization is the legislators deciding whether or not video gaming machine legislation should also be put in as part of any sports betting bill. There is also the debate over whether or not the major sports leagues should get a…
Author: Andrew O'Malley
Andrew O'Malley
Andrew O’Malley has a BSc in Economics and Finance. He has worked in the finance industry as a risk analyst and now he is pursuing a career in writing. In recent years, he has written for a number of leading publications, focusing particularly on the areas of gambling, finance and cryptocurrency. He has worked closely on projects evaluating online casinos and bookmakers, as well as reporting on industry news. Andrew is a sports fanatic and can be found glued to any and all types of sports each weekend. As an Irishman, he loves his Gaelic Games, as well as closely following football, golf, horse racing, rugby union, tennis, American football, basketball and MMA. Contact him at Andrew@beanstalk.io
Flutter Entertainment (formerly Paddy Power Betfair) posted strong Q3 results. As part of this growth was its US-based operations which saw these revenues exceeding initial expectations, growing by 67% in the quarter. Overall growth for the quarter sat at 10%. These figures come from an interim trading report for the three months, up to the end of September. Its US casino revenues on their own rose by a massive 174% as the company continues to try and infiltrate the burgeoning market in the US. According to the company officials, the main driver of this success in the US is its…
PokerStars has a number of major UFC fighters on board for its new challenge series. Leading fighters Amanda Nunes, Jorge Masvidal and Tatiana Suarez will all be taking part in a new challenge the popular poker platform is hosting. These three fighters will join a number of other legends from the UFC in this challenge. Announcer Bruce Buffer, Johnny Walker and Daniel Cormier have already committed to the Octagon Chip initiative which is a challenge being operated by the UFC and PokerStars. New campaign now kicking off This new campaign is set to run until the end of January 2020…
Penn National Gaming is assessing a number of offers it has received unsolicited in relation to its property on the Las Vegas Strip, the Tropicana. However, the management of the company has reiterated that there is no imminent sale of the property planned. The news of these unsolicited offers was publicized during an investor call on Thursday. The company’s executives were discussing the company’s recently released third-quarter earnings. The Tropicana has 1,400 hotel rooms and is the company’s premier property in Las Vegas. There have also been offers for Prairie State Gaming, which is the video gaming terminal company that…
Andrew Yang is a long shot to win the 2020 United States Presidential election, but he may have just secured the votes of poker players across the nation. Yang is a Democratic candidate and he wants there to be widespread legalization of online poker throughout the nation. He tweeted his thoughts on the issue, getting more than 36,000 likes which showcases just how popular such a move would be. The 44-year-old wants all 50 states to have legal online poker, with only four states having it at the moment. Yang believes that all parties would benefit from a move, including…
A new report from the accounting and consulting firm PwC suggests that the overregulation of the online gambling sector in the United Kingdom may push people towards using the unregulated black market offerings. Details of this new report This report was commissioned by William Hill and GVC Holdings (the owner of Coral and Ladbrokes). According to the firm’s research, the black market in the UK for gambling currently accounts for about 1.2% of total turnover or £1.4 billion. With regulations constantly becoming tighter on the regulated sector, the number of these black market operators is ever increasing. Some of the…
With competition heating up in the United States sports betting market, PointsBet is looking to raise up to $81 million to fund its expansion efforts. A number of areas in the business need additional funds for further growth. This cash will be going towards client acquisition, marketing, technology and product development. Funds will also be needed for the development of its US positions, such as for licensing fees, market access and to fund the costs associated with operating sportsbooks. PointsBet is a public company, which means that it will be raising these funds through the issuance of shares. In total,…
Scientific Games will be working with the provincial lottery operator in Canada, the British Columbia Lottery Corporation (BCLC) for another five years. This brings their agreement up to 2024. This agreement extension covers the online gaming and sports betting offerings in the region. Scientific Games also help out with player account management services. BCLC can choose from any of the options that are part of Scientific’s OpenSports range. This includes the likes of user interfaces and promo tools. Long-running relationship The two parties have been working together since 2010 when iGaming was initially launched in the province. The sports pool…