Gambling Industry News

If you are looking for the latest gambling industry news and information then you are in the right page. We provide everything you need to know about the gaming industry that includes sportsbook pay per head industry headlines, casino news, and other aspects of the gambling industry.

In addition, we also publish casino and sportsbook reviews, tutorials, and more. Our mission is to provide relevant information that can help our visitors with their gambling goals. It doesn't matter whether they are players or bookies. We strive to be the top source of online gambling industry news.

The next time you need to know anything about the gambling industry, visit SportsbookSOS.com. Our articles can help you understand what's going on in the world of gambling worldwide.

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Fintech’s Role in the Online Gambling Industry

Details: Category: Gambling Industry; Created: Saturday, 07 December 2024 09:55

fintech online gambling industry The online gambling industry showed excellent growth from 2017 to 2024. According to bookie PPH experts, the market was worth $30 billion in 2017. However, its value increased to $90 billion this year, a 300 percent increase.

Of course, this improved performance is due to several important reasons. There are more people in the world today than there were in the past, but more significantly, gambling entertainment is now permitted in many more places. Also, they offer an improved online gambling experience. However, financial technology businesses are essential to the functioning of the digital infrastructure, without which none of this would be conceivable.

Payment solutions for gaming will be the main emphasis here, along with their contributions to this entertainment industry.

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FanDuel Becomes the Official Sportsbook of the Professional Women's Hockey League

Details: Category: Gambling Industry; Created: Monday, 02 December 2024 07:43

Last Friday, FanDuel made an announcement about their latest partnership with a professional sports league. This time around, FanDuel Becomes the Official Sportsbook of the Professional Women's Hockey League. In addition to becoming the Official sportsbook of the PWHL, they have also become the exclusive In-app Streaming Partner of the PWHL in the U.S. market.

As the official sportsbook partner and exclusive in-app streaming partner for the league in the United States, this collaboration enhances accessibility for hockey enthusiasts, allowing them to view and place bets on PWHL games through a unified platform.

FanDuel will broadcast up to 90 live PWHL regular-season games and playoff matches on its application, offering fans the ease of watching and wagering in one location.

In remarks regarding the new agreement, Dale Hooper, General Manager of FanDuel Canada, expressed: "FanDuel is honored to collaborate with the PWHL and support the remarkable athletes of the league. This partnership aims to usher in a new era of fan engagement—one that brings hockey closer to its supporters while contributing to the increased visibility of women's professional sports."

Playtech is Facing Shareholder Backlash of Bonus Plan for Executives

Details: Category: Gambling Industry; Created: Monday, 07 October 2024 08:05

Once again, sports betting development company Playtech is in the news. However, this time around it is not good news for them. This is because Playtech is Facing Shareholder Backlash after a proposal to give its executives a $110 million bonus. Therefore, some Playtech Shareholders are not happy with the decision due to the lack of performance by the company.

The bonuses are a result of the company's recent €2.3 billion divestiture of its Italian sports betting and gaming division, Snaitech, to Flutter Entertainment. Last month, Playtech made an announcement regarding plans to distribute bonuses amounting to €100 million and €34 million for the management teams of Playtech and Snaitech.

This bonus program, revealed concurrently with the sale, positions Weizer as the primary recipient, although Playtech has not specified the precise sum he may obtain.

Additionally, executives will be eligible for 10% of the profits from any future sales, a provision that has raised apprehensions among investors.

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UK Gambling Industry Gives a Sign of Relief After Release of Budget

Details: Category: Gambling Industry; Created: Saturday, 02 November 2024 12:06

There have been speculations that the 2024 budget will include a tax hike for the UK gambling industry. The good news is that tax increases for the sector were not part of Rachel Reeves’ budget. Also, it was the first budget from the Labour Party in 15 years. According to the top pay per head providers, there were several tax increases totaling £40 billion.

As she attacked the economy and the £22 billion deficit that her Conservative party had inherited, Reeves stressed how critical it was for the government to act so dramatically.

Opposition leader Rishi Sunak accused Labour of fiddling with the figures and reneging on election pledges, which led to severe criticism of the intentions.

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Half of Premier League Teams Breach Rule on Gambling Ads for Children

Details: Category: Gambling Industry; Created: Saturday, 28 September 2024 13:28

Half of Premier League football teams broke the rule on gambling ads for children. Thus, there were concerns about the voluntary code of conduct developed with the help of the gambling industry. According to a review, English football teams avoided the new restrictions affecting their income from gambling sponsorship.

Clubs in the Premier League have instead agreed to work with the Betting and Gaming Council (BGC), a lobbying group for the gambling industry, to eliminate betting emblems off the front of their shirts beginning in 2026. They have also agreed to new sponsorship regulations.

There were worries that football may encourage gambling and have a negative influence on young people and other vulnerable populations. Therefore, teams and gambling corporations took this step to demonstrate their responsibility.

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Betting on the US Presidential Elections

Details: Category: Gambling Industry; Created: Tuesday, 22 October 2024 07:27

Up until recently, Betting on the US Presidential Elections was impossible on American soil. Thus, gamblers wanting to bet on it had to use offshore sportsbooks. However, this year things are different. This is thanks to a recent ruling allowing betting on the US elections that took place in September.

Now, the enthusiasm for wagering on the 2024 presidential election continues to grow, and a recent legal decision has made it more accessible for Americans to place their bets.

At Polymarket, a leading online betting exchange, participants have already invested more than $1.2 billion in the US presidential election. This figure includes substantial wagers from two anonymous individuals who have placed millions on a victory for Trump.

Betting market odds have become a topic of discussion among US media outlets and campaign strategists, being referenced similarly to opinion polls and monitored with the same attention as weather forecasts.

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The Advantages of Using an Offshore Sportsbook

Details: Category: Gambling Industry; Created: Monday, 16 September 2024 07:54

Sports betting is one of the most popular hobbies in the world with millions of people placing bets every day. However, not everyone has access to a betting shop which is why many of bettors use an offshore sportsbook. In this article, we go over the Advantages of Using an Offshore Sportsbook and why they are so popular amongst gamblers.

Offshore sports betting refers to placing a bet on sport with a business that is outside of your country. In the Western world, Offshore betting has been available to gamblers since the mid-1980s and done by phone.

As the internet became more prominent, the first offshore online sportsbook came about in 1996 changing the gambling industry forever.

Offshore online sportsbook frequently assert that they are capitalizing on a gray area within other country's laws. Therefore, they are able to function from abroad, beyond the reach of national regulations.

Today, the offshore gambling industry is huge with no sign of stopping.

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