It’s taken ‘a while’ for NFL owners to warm to betting

It’s taken ‘a while’ for NFL owners to warm to betting

Despite the explosive growth of legal betting on sports, the National Football League has held the industry at arm’s length. To date, the NFL has signed just one casino deal with Caesars, plus a data deal with Sportradar for “integrity monitoring.” Although the NFL did make DraftKings its first “official daily fantasy partner” in September, it specified that the deal […]

Detroit’s struggling casinos still waiting on sports betting

Detroit’s struggling casinos still waiting on sports betting

Detroit’s three casinos reported falling gaming revenue in September and their ongoing lack of sports betting options isn’t helping. Figures released this week by the Michigan Gaming Control Board show Detroit’s combined casino gaming revenue of $112.3m in September, down 2.5% from the same month last year and 6.3% below August 2019’s result. For the […]

Institutional investors and private equity firms eye the $150 billion US Sports Betting market

Institutional investors and private equity firms eye the $150 billion US Sports Betting market

The NYC Sports Betting Investor Summit brings analysts, fund managers and investors to New York on November 4th to meet Sports Betting license holders, operators and key suppliers. NEW YORK, October 10, 2019 – The American investment community is not just aware of the $150 billion opportunity legalized sports betting brings, but is actively seeking to […]

G2E conference may propel transformational deals in sports betting

G2E conference may propel transformational deals in sports betting

Chris Russo Beginning on October 14, the sports and gaming worlds will converge in Las Vegas, Nevada, for the annual Global Gaming Expo (G2E). Given the growing impact of betting on the US sports ecosystem, this year’s conference could be particularly significant, as transformational deals will likely be conceived or completed at the event. Arrangements […]