German state lawmakers are set for a crunch meeting on the third incarnation of the State Treaty on Gambling next week, with Schleswig-Holstein set to be allowed to continue its liberalised regulatory regime alongside the federal framework.
Lawmakers in the Michigan Senate and House of Representatives have launched new bids to legalise online gaming in the state, following the eleventh-hour veto of legislation by former Governor Rick Snyder in late 2018.
Scientific Games has set out details of the contract that will see its Şans Girişim joint venture with Turkish conglomerate Demirören Group assume exclusive control of the country’s sports betting monopoly Iddaa.
This week's State of the Union, in partnership with Segev LLP, looks at the latest legal challenge launched against the DoJ's revised Wire Act opinion, plus developments in Virginia, Arkansas, Indiana and more.
Swedish operator Betsson has hired new product directors for gaming and sports as it continues to overhaul its management team. Cíara Nic Liam has been poached from William Hill, where she served as head of gaming, to serve as Betsson’s new gaming product director, while former Svenska Spel executive Joakim Thor will oversee the operator’s sportsbook as sports product director.
The Golden Nugget Atlantic City has launched its online and mobile sportsbook in New Jersey, with the SBTech-powered solution featuring markets on a range of different sports and competitions, as well as a number of special features.
The State of the Union, in partnership with Segev LLP, covers the latest regulatory developments across the US. This week pressure has been ramped up on the Department of Justice in the wake of its revised Wire Act opinion, South Dakota and Minnesota are considering sports betting bills and Arkansas is thrashing out sports betting regulations, while Illinois' new Democrat Governor has factored sports betting into his 2020 budget.
Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.
Kambi Group’s review of the 2018-19 National Football League (NFL) season reveals that a strong product offering covering the league is crucial for operators looking to establish themselves in the nascent US sports betting market.