US

DraftKings to pay out more than $7m in site credit in lawsuit settlement

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The daily fantasy provider turned multi-vertical gambling operator DraftKings has settled its part of a multidistrict lawsuit surrounding its daily fantasy sports operations in the US. The legal challenge was filed by players who accused DraftKings of running an illegal gambling operation. DraftKings lawsuit and settlement The lawsuit accused DraftKings and the other daily fantasy …

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FuboTV completes its acquisition of Vigtory

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The sports streaming platform FuboTV has announced that it has completed its acquisition of the sports betting start-up Vigtory. FuboTV said that it expects its expansion into the sports betting space and the incorporation of interactivity would help to differentiate it from competitors. FuboTV’s acquisition of Vigtory Earlier this year, the sports streaming platform announced …

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$58.9m wagered in the first 11 days of legal betting in Virginia

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According to figures from the Virginia Lottery, the state’s legal and regulated sportsbooks took $58.9m in bets in the first 10 days of legal betting in the state. Virginia’s sports wagering market went live on 21 January with the launch of the FanDuel sports betting app. Virginia’s figures According to the lottery’s announcement, in the …

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theScore sets price for US IPO

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The Canadian sports media company turned US sportsbook operator theScore Media and Gaming, has announced the pricing of the public offering of its Class A subordinate voting shares in the US. According to the announcement, the company will trade its Class A subordinate voting shares at a price of $27per share. Underwriters of the agreement …

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Golden Nugget’s online arm inks NY access deal with Tioga Downs

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Golden Nugget Online Gaming (GNOG) has secured market access for online gambling in New York after inking a deal with Tioga Downs Racetrack. GNOG’s launch in the Empire State is subject to the regulation of online gambling and receiving the necessary approvals. The deal GNOG’s deal with Tioga Downs will span 20-years and grant the …

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Texas bill would let professional teams become licensed sportsbook operators

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A new bill that would legalise sports betting in the state of Texas would allow professional sports teams to act as licensed sportsbook operators. If the proposed law is successful, it would decriminalise sports wagering and legalise the activity from 1 January 2022. The proposed bill The bill, HB 2070, was filed by Republican Representative …

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theScore announces US IPO plans in time for Canada sports betting expansion

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The Canadian sports media company turned US sportsbook operator theScore Media and Gaming, has announced plans to go public on the Nasdaq exchange. The Toronto-based business announced its US initial public offering (IPO) on Monday. This comes after the company’s board of directors and shareholders voted in favour of continuing with a dual listing in …

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US commercial gambling revenue slumps to lowest point since 2003

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According to The American Gaming Association’s (AGA) latest commercial gaming report US commercial gaming revenue slumped to $29.98bn in 2020, the market’s lowest figure since 2003. Slots accounted for the majority of revenue with $18.87bn, however this was down by 33.8% year-on-year. Table game revenue was also down to $5.09bn in 2020, a year-on-year drop …

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