DraftKings has struck a deal that will see it acquired by a special purpose acquisition company alongside betting and gaming technology provider SBTech, with the combined entity to be listed on the Nasdaq Stock Exchange.
New figures from the UK’s Advertising Standards Authority (ASA) reveal that children are now less likely to be exposed to gambling advertising on TV, though industry ads comprised a marginally higher percentage of all promotions seen.
XLMedia has admitted that the business will have to ramp up expenditure to support sustainable growth in the medium term, prompting the performance marketing specialist to launch a strategic review with a view to overhauling its operating model.
A debate on potential amendments to the Netherlands’ gambling regulations in the country’s House of Representatives saw lawmakers support a number of new controls, notably a ban on gambling advertising on television before 9PM.
Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.
The International Tennis Federation (ITF) and Tennis Integrity Unit (TIU) Supervisory Board has announced plans to ramp up integrity safeguards for the World Tennis Tour (WTT), including a ban on the collection of live scoring data for minor events offering prize money up to $15,000.
Rob Howley, former assistant coach to the Welsh rugby union team, has been suspended from the sport for 18 months, with nine suspended, after admitting to breaching anti-corruption and betting regulations.
Bet365 has reported a 9.7% year-on-year rise in betting and gaming revenue, while increased marketing costs and new efforts to enhance responsible gaming controls failed to slow profit growth for the financial year ended 31 March, 2019.
A year of negotiations look set to conclude with bills to legalise online gaming and sports betting passing into law in Michigan, after the Senate passed Representative Brandt Iden’s proposals by significant margins.
The Minister for the Interior in the German state of Hesse has claimed no operator has filed an application for a federal sports betting licence, warning that companies will face immediate action if they continue to operate without certification.