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The possibility that Japan might legalize sports betting for popular sports like professional baseball and soccer exploded into the public view on Wednesday with a scoop carried in the Financial Times.
BetMGM, the online joint venture between MGM Resorts and the U.K.'s Entain, said it sees the long-term sports betting market in the U.S. and Canada as being worth $32 billion and expects its share in the U.S. to be between 20 and 25 percent.
Connecticut Governor Ned Lamont and the Mohegan Tribe have agreed to establish online gambling and sports betting in the US state that for the first time allows nontribal gambling operators to compete for bettors, but the deal will face legal challenges.
In a report last year, ratings agency Moody’s predicted a surge in merger and acquisitions between online and land-based gambling operators as the latter seek to cement new revenue streams after the chaos wreaked by Covid-19.
Shares in MGM Resorts rose almost 4 percent on Friday after investors applauded the casino operator’s latest foray into the online sphere.
BetMGM and Topgolf Entertainment Group announced today a new partnership centered around an integrated sports betting and entertainment experience. The two companies will collaborate on marketing and promotional offers through the BetMGM platform at select Topgolf venues and within WGT by Topgolf.
The difficulty in locking down what is allowed or prohibited in India is largely centered around each state government's definition of what is gambling and what is a game of skill. Poker is one such game constantly finding itself on either side of the fence, depending on the jurisdiction.
Australia's PointsBet is expanding further in the U.S., with its mobile app and digital sports betting product to go live in Michigan Friday, January 22. Michigan will mark the sixth operational state for PointsBet's sports betting product.
PlayUp, an Australian company that provides online Sports Betting, Horse Racing and Daily Fantasy Sports in Australia, New Zealand and India, has expanded its footprint across the US by acquiring a betting license in New Jersey. This is the second market access agreement that PlayUp has announced after the recent acquisition of their Colorado license.
Las Vegas Sands is in talks with potential partners to enter sports betting in what would be a major shift in strategy for the company, which has previously rejected online gambling.