West Virginia is just one step away from becoming the fifth state to legalise online gambling, with a bill currently awaiting Governor Jim Justice’s signature. House Bill 2934, which was introduced by Delegate Jason Barrett on February 12, has been passed by both chambers of the West Virginia legislature, gaining final approval on the last day of the 2019 regular session.
A bill from New Jersey Assemblymember Ralph Caputo would formalise the penalties imposed on licensees that offer odds on sporting events for which betting is prohibited, with the guilty parties facing fines and automatic licence suspensions.
This week's State of the Union focuses on the DoJ’s decision to extend its deadline for gaming companies to comply with its revised stance on the Wire Act. Also included this week are legislative developments in New York, Minnesota, Georgia and more.
International Game Technology (IGT) has extended the reach of its PlayDigital PlayShot QuickBet kiosks into New Jersey by installing a series of units at the FanDuel Sportsbook at New Meadowlands Racetrack.
The iGamingBusiness.com Nordic dashboard, in partnership with H2 Gambling Capital, suggests that the region will grow to a €4.46bn market by 2023, boosted by the introduction of igaming regulation in Sweden.
The Gambling Commission, responsible for regulating gambling in England, Scotland and Wales, has reported a slight decline in the prevalence of problem gambling in 2018, though there were clear signs that public perception of the industry is worsening.
William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.
US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.
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.
Webis Holdings, the parent company of WatchandWager, has reported a drop in revenue and profit for the first half of its financial year, mainly due lower turnover activity in its international B2B division.
The Swedish gambling market saw revenue grow 1.5% in 2018, driven by growth in regulated and offshore igaming. Total revenue increased to SEK23.4bn (£1.9bn/€2.2bn/$2.5bn), with a 2.3% year-on-year decline in regulated market revenue to SEK16.7bn.
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.