Brad Allen, Author at Legal Sports Report

TheScore Eyes US Listing To Boost Valuation As Potential Canada Launch Looms

TheScoreBet also posted Q1 results, with betting handle up 535% year-over-year to $55.8 million but resulting in a GGR loss of $300,000. Read More

Posted on: January 14, 2021 | | Brad Allen

New Connecticut Sports Betting Bill Backs Tribal Duopoly

SB 146 would authorize the Mashantucket Pequot Tribe and the Mohegan Tribe of Indians to offer online sports betting and retail betting on tribal land. Read More

Posted on: January 14, 2021 | | Brad Allen

Predatory Practices? NJ Sportsbooks Caught Encouraging Players To Cancel Withdrawals And Gamble On

An investigation in New Jersey found some players had to wait two weeks to receive withdrawn funds and were offered bonuses to reverse existing withdrawals. Read More

Posted on: January 14, 2021 | | Brad Allen

Billion-Dollar Baby: NJ Sports Betting Hits Another New Record

December's results meant New Jersey sports betting handle hit the $6 billion mark for the year, up more than 30% year-on-year. Read More

Posted on: January 13, 2021 | | Brad Allen

FuboTV Aims To Launch Sportsbook In 2021 After Vigtory Acquisition

Fubo said the combination of live streamed sporting events with Vigtory’s sports betting products will create the "ultimate sports betting experience". Read More

Posted on: January 12, 2021 | | Brad Allen

Texas Might Actually Mess With Legal Sports Betting In 2021

LSR understands the Texas Governor’s office has reached out to lobbyists and regulators in states like New Jersey for advice on the best way to legalize sports betting. Read More

Posted on: January 12, 2021 | | Brad Allen

What Does Entain CEO’s Sudden Departure Mean For MGM Takeover?

Entain CEO Shay Segev will join streaming platform DAZN as co-CEO in a move that could see the company fully embrace sports betting. Read More

Posted on: January 11, 2021 | | Brad Allen

MGM’s Largest Shareholder Offers Up $1 Billion To Get Entain Deal Done

Investment giant IAC said it supports the deal in because Entain's free cash flow can help fuel BetMGM's growth in the US. Read More

Posted on: January 8, 2021 | | Brad Allen

Why Churchill Downs Is Dropping BetAmerica Brand For TwinSpires

Churchill Downs said a single brand would reduce marketing costs and help cross-sell horse bettors into sports and vice-versa. Read More

Posted on: January 5, 2021 | | Brad Allen

Why Entain Rejected $11 Billion Takeover Bid From Sports Betting Partner MGM

London-listed Entain turned down an $11 billion takeover offer from MGM because it “significantly undervalued” the company and its prospects. Read More

Posted on: January 4, 2021 | | Brad Allen