BetMGM Curbs NY Sports Betting Spend Over Tax Concerns
BetMGM is cutting investment in NY sports betting thanks to an unsustainable tax rate that works out at more than 100% of revenue. Read More
Posted on: May 17, 2022 |
BetMGM Tags Astros For Texas Sports Betting Partnership
BetMGM is putting roots down in Texas even before sports betting is legal in the state. The operator this week announced a deal to become the exclusive sports betting partner of the Houston Astros. What does TX sports betting deal include? Under the agreement, BetMGM Sportsbook signage will feature prominently around Minute Maid Park. That includes […] Read More
Posted on: May 12, 2022 |
Ontario Sports Betting Fines Levied On BetMGM, PointsBet
A month into commercial Ontario sports betting, regulators have issued the first fines to sportsbook operators for breaking the province’s strict advertising rules. The Alcohol and Gaming Commission of Ontario served BetMGM and PointsBet with fines for breaching the agency’s Registrar’s Standards For Internet Gaming, according to an AGCO release Tuesday. The infractions are related […] Read More
Posted on: May 4, 2022 |
Is LeoVegas Acquisition By MGM Bad News For BetMGM Venture?
MGM announced on Monday a $607 million offer for Nordic gaming operator LeoVegas. LSR explores what the deal means for the BetMGM brand? Read More
Posted on: May 2, 2022 |
Entain CEO: BetMGM NY Sports Betting Share In Line With Expectations
BetMGM share of the mobile NY sports betting market so far has been in line with expectations, Entain CEO Jette Nygaard-Andersen said. Nygaard-Andersen made the comments during Entain’s first-quarter trading update last week The report itself is short on details since London-listed companies do not need to provide specific financial information for first and third quarter updates. […] Read More
Posted on: April 14, 2022 |
NHL Expands Ontario Sports Betting Reach With Sportsbook Partnerships
With Ontario sports betting live, the National Hockey League expanded its deals with two sportsbooks to include Canada. The NHL announced Thursday new arrangements with BetMGM and FanDuel, expanding the partnership territory to include Canada sports betting. The deals come as both operators launched Ontario sports betting this week. “Canada’s new sports betting landscape presents […] Read More
Posted on: April 7, 2022 |
The Week In Sports Betting News: Is March Madness Booming?
Happy Monday, everyone. There is no shortage of sports betting news these days, especially with a 15 seed decimating brackets across the country. As always, the LSR Podcast broke down some of last week’s weightiest topics, including a ruling that keeps daily fantasy sports alive in New York. Set an alert for tweets from @LSPReport […] Read More
Posted on: March 28, 2022 |
How Did An Australian Trader Get BetMGM Fined In New Jersey?
BetMGM NJ incorrectly accepted bets on two in-state college basketball games last year thanks to errors from its co-parent company Entain. Read More
Posted on: March 25, 2022 |
BetMGM Joins Operators Lined Up For Ontario Sports Betting Launch
BetMGM is making its way to the Ontario sports betting starting line. The Alcohol and Gaming Commission of Ontario added BetMGM to its list of approved operators Monday. The AGCO also added the Ontario Lottery and Gaming Corp. to its list, bringing the total of approved operators to 16. With the commercial Ontario sports betting […] Read More
Posted on: March 23, 2022 |
2021 Taxes Still In Question For TN Sportsbooks As Hold Remains Low
The Tennessee Sports Wagering Advisory Council still does not have clear 2021 tax information for at least four TN sportsbooks. Executive Director Mary Beth Thomas told the SWAC about the discrepancies at its February meeting. Thomas confirmed to LSR Wednesday there is still no update on the matter. The tax data the new regulator received […] Read More
Posted on: March 18, 2022 |