Daily news

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    Betfred has unveiled a suite of managed sports betting and trading products, specifically developed for the US market. The bookmaker is working with SCCG Management as it looks to win clients in the tribal and non-tribla sectors. 

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    Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly-regulated igaming market.

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    Sports betting services provider Kambi Group has cited the launch of Sweden's newly-regulated igaming market and its ongoing expansion efforts in the US as among the main drivers of a 28% year-on-year increase in revenue during the first quarter of 2019.

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    US-focused mobile lottery start-up Jackpocket has appointed Gavin Isaacs, the former CEO of Scientific Games and current chairman of SBTech, as a senior advisor to its board of directors.

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    Online gambling operator Bet365 has joined forces with EML Payments to develop a new prepaid credit card in New Jersey. The operator is yet to launch in the state but has a partnership in place do so with the the Hard Rock Atlantic City casino.

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    SciPlay, the social gaming subsidiary of Scientific Games, has set out details of an initial public offering (IPO) of its Class A common stock with the aim of raising up to $352m (£270.7m/€313.0m).

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    The New Jersey Division of Gaming Enforcement (NJDGE) has fined PokerStars operator The Stars Group $10,000 (£7,690/€8,890) for accepting bets on basketball games featuring teams from two colleges in the state.

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    Swedish regulator Spelinspektionen has fined Aspire Global SEK3m (£247,450/€285,630/$321,410) for failing to adhere to self-exclusion regulations in the country.

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    Clarion Gaming’s inaugural edition of ICE North America, which takes place in Boston from May 13 to 15, will feature a keynote presentation from iconic boxer and Olympic champion Sugar Ray Leonard.

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    A group of Colorado representative and senators have put forward a new bill with the aim of legalising in-person, online and mobile sports betting in the US state.

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    US casino operator Delaware North has filed a lawsuit against its sports betting joint venture partner Miomni Gaming, accusing the supplier and its CEO Michael Venner of engaging in “an ongoing pattern of misrepresentation and bad faith” throughout the partnership.

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    The Iowa House of Representatives has approved an amended version of a bill that would legalise sports betting in the state, with Governor Kim Reynolds’ signature now all that is required for it to come into law.

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    Gaming platform and services provider Nektan has raised £2.1m (€2.4m/$2.7m) before expenses through a share placement. Nektan offered 13,978,020 new ordinary shares at a price of 15 pence each.

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    Sportradar has linked up with original sports programming provider SportsGrid to launch a new 24-hour network dedicated to the sports betting market. The service will be available to all users free of charge.

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    Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.

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    Swedish gambling group Cherry has been granted permission to delist its series B shares from the Nasdaq Stockholm exchange, confirming that May 7 will be its final day of trading.

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    The Iowa Senate has voted through a bill that would legalise sports betting and daily fantasy sports contests in the state. Senate File 617 would allow for wagering in-person, online and via mobile.

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    Sports betting integrity body ESSA has called for New Zealand to introduce a licensing regime for offshore operators alongside its planned point of consumption tax.

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    Two bills that would legalise sports betting in Montana have moved forward, with the Senate clearing one to return to the House and scheduling a third reading of the other.

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    Online gaming will go live in Pennsylvania from July 15, while the state’s first online sports betting offering set to launch within three weeks, the state’s Gaming Control Board (PGCB) has revealed.

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