Betsson is Leaving the US Sports Betting Market

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Category: Gambling Industry

Created: Tuesday, 03 September 2024 18:44

Betsson, is a leading online gambling company that is better known in the U.S. as the parent company of Betsafe. The Swedish gaming company first came to the U.S. sports betting market in 2022 by opening up shop in Colorado.  However, 2 years later they are calling it quit as Betsson is Leaving the US Sports Betting Market.

According to a statement by the Betsson Group, they will be stopping their B2C operation in the U.S. at the end of September 2024.

The operator first introduced its mobile sportsbook application in the United States, specifically in Colorado, under the Betsafe brand in collaboration with Dostal Alley Casino. However, it is now preparing to withdraw from the market.

Upon its launch, Betsson described the sportsbook app as “a significant element of the company’s B2B strategy in the nation.” Although the Betsafe application was designed for consumers, a significant aspect of its launch was to demonstrate the company's capabilities as a B2B provider within the North American market.

"We recognized our strengths as a major operator and understood the requirements for entering this market. Initially, we considered entering as Betsson, but soon realized that approach would be prohibitively expensive. Consequently, we determined that our primary objective was to introduce our technology here for the benefit of other partners and providers," stated Lance Agostino, Betsson U.S. Account Director, during an interview with SBC Americas at the time of the launch.

Read more: Betsson is Leaving the US Sports Betting Market

Liverpool Earns First Win in Post-Jurgen Klopp Era

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Category: Soccer

Created: Saturday, 17 August 2024 21:37

Ipswich Town fans celebrated the team’s return to the Premier League. However, they were reminded of how brutal their journey would be after meeting Liverpool to start the season. The latter’s post-Jurgen Klopp era began with a 2-0 win against Ipswich.

Ipswich and Liverpool faced off for the whole match, with Ipswich battling for possession and creating the game's two best opportunities. And they did it with a starting eleven that featured seven players from their promotion from English football's third division, League 1, a little over a year ago.

According to a sportsbook watchdog, Ipswich could not keep up with Liverpool as they stepped up their game and played faster. The score was leveled five minutes after the restart when Diogo Jota scored. Mohamed Salah then completed the scoring. The comfortable Liverpool we've grown to know and love over the past several seasons was shattered by a one-two punch that popped the Ipswich bubble.

Read more: Liverpool Earns First Win in Post-Jurgen Klopp Era

Guardian Caps Make NFL Football Safer

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Category: NFL

Created: Saturday, 31 August 2024 19:09

The National Football League will allow players to wear Guardian Caps in the upcoming regular season. This is the first time the league has allowed players to do so. The league made it mandatory for specific positions to wear it during the 2022 preseason, expanding the utilization of the protective gear.

Wrapping a standard helmet with the cushioned, soft-shell Guardian Cap absorbs contact and reduces the impact of hard crashes and the likelihood of concussions. Upon their introduction in 2022, the NFL claimed that players wearing the Guardian Caps might mitigate the effects of head collisions by 10%. According to bookie pay per head experts, twenty percent is a reasonable estimate if every player used them.

The 2022 and 2023 seasons had almost the same number of player concussions: 213 in the former and six more in the latter. The number of concussions has been decreasing since 2018. According to the NFL, approximately 1.6 concussion examinations were performed per game in 2023. A concussion diagnosis was made approximately once every three to four assessments.

Read more: Guardian Caps Make NFL Football Safer

Missourians will Vote on Legalizing Sports Betting in November

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Category: Gambling Industry

Created: Wednesday, 14 August 2024 13:09

It’s been a long time in the making and soon, Missouri might have legal sports betting within its borders. This is because Missourians will Vote on Legalizing Sports Betting after a campaign to put the issue on the ballot. For sports betting proponents, this is a great victory as legalizing sports gambling has been unsuccessful in the past.

According to Bookie News, the announcement on which issues would be in the November 5 ballot was made on Tuesday. This is when Secretary of State Jay Ashcroft’s office said a constitutional amendment to legalize sports wagering would be on the ballot.  Furthermore, the vote for legal sports betting is one of 3 other issues Missourians will get to vote on in November 5. Other issues on the ballot will also include a minimum wage hike and abortion rights.

The proposal to legalize sports betting arises after the state legislature's repeated failures to pass such legislation in several sessions.

Despite interest from both Republican and Democratic lawmakers in endorsing sports betting, the initiative was consistently obstructed by Senator Denny Hoskins, who sought to link it with a bill aimed at legalizing video gaming machines.

The current proposal, designated as Amendment 2 on the ballot, is supported by various Missouri sports organizations, including the St. Louis Cardinals and the Kansas City Chiefs.

Read more: Missourians will Vote on Legalizing Sports Betting in November

Atlantic City Gambling Earnings Dropped 1.3 Percent in 2nd Quarter

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Category: Gambling Industry

Created: Saturday, 24 August 2024 18:57

Atlantic City gambling earnings declined in the second quarter of 2024. According to the latest report, revenue from casinos and online gaming companies dropped 1.3 percent year over year.

According to data from the state's Division of Gaming Enforcement, the nine land-based establishments and two online gambling enterprises in New Jersey made $178.4 million in gross operating profit during the second quarter. Gross operating profit is a commonly used metric for profitability in Atlantic City's gambling sector, accounting for earnings before interest, taxes, depreciation, and other expenditures.

According to sportsbook pay per head reviews and news sites, the nine casinos were successful. However, compared to the same period last year, the profitability of two-thirds of them decreased.

Read more: Atlantic City Gambling Earnings Dropped 1.3 Percent in 2nd Quarter

Paradise Co’s Casino Sales in July Reached $45 Million

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Category: Gambling Industry

Created: Saturday, 03 August 2024 15:00

Casino sales in July at casinos owned by Paradise Co Ltd improved by 7.3 percent to $45.17 million. The company operates foreigner-only casinos in South Korea. However, its year-over-year revenue decreased by 1.3 percent.

According to casino pay per head experts, revenues from table games in July totaled almost KRW57.58 billion, or over 93% of the casino's total monthly revenues. The remaining roughly 4.47 billion Korean won came from sales of machine games. The total amount wagered in July at casinos, in the form of chips for games, was about KRW542.18 billion, an increase of 1.9% from the previous month and 2.3% from the same month last year.

Separate data submitted to Paradise Co's website indicates that VIP gaming accounted for most of the July casino decline. The company's casino drop for VIP play was KRW420.82 billion in the month, while the mass play accounted for KRW121.35 billion.

Read more: Paradise Co’s Casino Sales in July Reached $45 Million