Action 24/7

Why Is Action 24/7 Marketing Free Bets While Its TN Sports Betting License Is Suspended?

Action 24/7 cannot accept bets while its license is suspended indefinitely. But that isn’t stopping the embattled operator from trying to give out free ones. The company apparently offered its customer database a chance at winning a free $50 bet Tuesday evening: Did @TNAction247 forget to unschedule marketing emails? The company’s sportsbook license is still […] Read More
Posted on: March 24, 2021 | Regulation Sports Betting | Matthew Waters
Action 24/7

Action 24/7 Sues To End Suspension Of TN Sports Betting License

Action 24/7 sued the Tennessee Education Lottery on Monday for what it feels to be an improper suspension of its Tennessee sports betting license. The company wants its license reinstated immediately after “TEL unlawfully disabled Action’s ability to operate despite the fact its license had not been lawfully suspended.” The Davidson County Chancery Court will […] Read More
Posted on: March 23, 2021 | Regulation Sports Betting | Matthew Waters
Action 24/7

Tennessee Action 24/7 Gets First US Sports Betting License Suspension

The dubious distinction of the first US sportsbook license suspension officially goes to Action 24/7 in Tennessee. Action 24/7 failed to prevent multiple instances of suspected credit card fraud and money laundering from multiple accounts, according to the Tennessee Education Lottery. The full board voted Friday to uphold and continue the temporary suspension of Action […] Read More
Posted on: March 19, 2021 | Regulation Sports Betting | Matthew Waters

BetMGM Growing As Contender For Sports Betting Medal Stand

BetMGM went from being live in three states to start 2020 to 10 at the end of the year, with “sustainable” leadership positions. That’s according to MGM Resorts CEO Bill Hornbuckle, who gave the joint venture with Entain significant attention during MGM’s year-end earnings call Wednesday. BetMGM closed 2020 with $178 million in net revenue, […] Read More
Posted on: February 12, 2021 | Sports Betting | Matthew Waters
Tennessee sports betting

Is A Tennessee Book Holding Sports Betting Winnings To Pay Off Payday Loans?

Tennessee Rep. Darren Jernigan was reading a copy of the weekly Tennessee Journal when a recent sports betting approval caught his eye. An approval during a January meeting of the Tennessee Education Lottery Sports Wagering Committee allowed Advance Financial Money Transmission Company to take deposits for Action 24/7, a sportsbook owned by the same people […] Read More
Posted on: February 11, 2021 | Regulation Sports Betting | Matthew Waters
sports betting news

The Week In Sports Betting News: VA Sportsbooks Continue Piecemeal Rollout

Happy Monday, everyone. There was plenty of interesting sports betting news last week despite GameStop and retail stock market investors dominating headlines. The latest LSR Podcast discussed the two recent US sports betting launches in Michigan and Virginia. The team also discussed the recent trend of buying daily fantasy sports companies. Make sure you’re following […] Read More
Posted on: February 1, 2021 | Sports Betting | Matthew Waters
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