Verizon Gambles on Sports Betting to Improve Media Business

To challenge Google and Facebook in the digital ad market, Verizon acquired Yahoo and AOL. However, they led to significant losses for the company. Thus, Verizon gambles on sports betting to improve its media business. 

Verizon restructured its media business that includes Yahoo Fantasy League and Yahoo Sports. Also, it is streaming NFL games as it tries to enter the US sports betting market. The company partnered with BetMGM, which has a presence in nine states over the last 18 months. 

According to sportsbook pay per head reports, the push towards sports betting is an attempt to get more value from its 900 million digital services users. It has millions of loyal fantasy sports and sports users that it can attract to stay and wager using the apps. 

Verizon Gambles on Sports Betting

Users who go to Yahoo to check sports content and scores. Also, they join various Yahoo Fantasy Sports Leagues. Verizon wants those users to use the same platform to wager on sports according to the best pay per head bookie. 

Important Changes in European Gambling Industry

 

Obviously, 2020 was a harsh year for everybody, so it isn't astonishing that the European betting industry experienced numerous disturbances and difficulties. 

Here are the most sensational changes in the European gaming industry that occurred in 2020! 

The Evolution takeover of NetEnt must be depicted as the famous conflict of titans. The most mainstream live club provider finished the $2.3bn obtaining of perhaps the most unmistakable betting programming organizations NetEnt. What should be simply one more consolidation (at any rate for people in general), ended up being a story that hoarded segment inches and set the talk plant going. 

Yet, what will this obtaining mean for the business? All things considered, Evolution shut down the NetEnt live club consequently setting up Evolution Live's predominance in the live betting vertical. Notwithstanding that, NetEnt shows up among the best gambling club games suppliers. 

Changes in European Gambling Industry 

NetEnt keeps on delivering table games and spaces at a similar speed as in the past, and it appears to be the way new proprietors didn't interfere into it yet were basically centered around eliminating their no.1 rival in the business, as Evolution is centered only around live betting. One thing's without a doubt – starting at 2020, players have less live gaming suppliers to look over. 

Fox Bet Wants to Get Its Share of Michigan Online Sports Betting

The Michigan online sports betting market will launch this month. Thus, there's a mad scramble among sportsbooks to get a portion of the new market. Among the contenders is Fox Bet. 

Fox Bet wants to capitalize on brand recall to fend off BetMGM, DraftKings, and other competitors. According to sports betting solution reports, Michigan can be one of the most lucrative online gambling markets in the US. 

Before the US Supreme Court overturned the federal ban on sports betting, nobody thought they could legally bet on sports in Michigan. At present, it can be one of the highest-grossing online sports wagering markets in the nation. 

Michigan Online Sports Betting Launch

According to a gambling blog, Fox Sports acquired The Stars Group, which is PokerStars' parent company. After the acquisition, the company created Fox Bet sportsbook. Thus, Fox became the first American media company to have a sports betting platform. 

Sheldon Adelson Rumored to Sell Las Vegas Sands

 

Sheldon Adelson has been against the legalization of online poker in the US. He said that he is doing it to protect minors. However, most sportsbook reviews and news sites know that Adelson was doing it to protect his interests. At present, there are rumors that he will sell Las Vegas Sands and will retire soon after. 

Adelson is a major supporter of Donald Trump’s presidential run in 2016. His political donations dated back to UIGEA 2006, when poker in the US started its disintegration. His company, Las Vegas Sands Corporation, owns Palazzo and Venetian. They also own Sands Expo Convention Center on the Vegas Strip. Their assets are worth around $6 billion.

However, the sale is just a rumor. It would be an exit of the most hated man by the poker community when that happens. According to a sports betting blog, Adelson’s crusade against online poker angered the community. Although most land-based casinos don’t like online gambling, they haven’t lobbied against web-based platforms as much as Adelson. 

Penn National Shares Improve Before Barstool Sportsbook App Launch

 Penn National shares improve 16-fold in the last six months to $73.62 Friday. It went up from a low of $4.52 in March. It was the time when casinos closed due to the coronavirus. In August, the company’s stock price rebounded 33 percent. 

Shares of Penn National were up 180 percent and have been trading at above-average volumes. According to a sports betting blog, there was room for the company shares to increase after the announcement of the release of the Barstool sports betting app. Penn National got a 36 percent stake into Barstool digital for $163 million. 

According to sportsbook pay per head reports, Penn National operates 41 gaming properties in 19 states. During the time of the acquisition, Penn National stated it would use the Barstool brand in its online sportsbook presence. 

Penn National Shares Improve

Penn National’s primary clients are within their 50s. By using the Barstool brand, it would diversify its audience. According to bookie tutorials and news sites, the Barstool Sportsbook will first launch in Pennsylvania after receiving the nod from regulators. 

DraftKings Launches Illinois Sportsbook This Week

 DraftKings launches Illinois sportsbook. The timing is perfect for the sportsbook company because Governor JB Pritzker reallowed online registrations in the state. DraftKings CEO Jason Robins said they are happy with the new developments in Illinois.

However, he had not so good words for the casinos that tried to block DraftKings and FanDuel’s entry into the Illinois sports betting market. He concluded that good policy would always win.

Rush Street Gaming chair Neil Bluhm said that his company didn’t do anything wrong. He fired back at the DraftKings CEO by saying that Rush Street hasn’t faced any class action suits, pays taxes on time, and the state never asked them to leave in the past.
 

DraftKings Launches Illinois Sportsbook

There is bad blood between online-only sportsbooks and retail casinos. Since the legalization of sports betting in the state, the two sides engaged in a war of words. Part of the legislation is playing FanDuel and DraftKings in a penalty box period, according to pay per head reports. Thus, the two companies can’t apply for licenses until 18 months after casinos get their sports wagering licenses.    

Betcris is the First Latin American MLB Gambling Partner

Betcris became the first Latin American MLB gambling partner. According to the deal, the sportsbook will be the official partner of the league in the region. However, its partnership will cross other markets.

The sportsbook can now use Major League Baseball branding products that include logos on its website and sports betting platform. Also, Betcris would advertise MLB events on its platforms. For instance, it will air Major League Baseball Jewel Events.

Betcris can use the MLB brand in every market where it holds a license to operate. Also, the sportsbook will ensure the integrity of games. It told a sports betting blog that it would uphold industry standards to prevent any foul play.

First Latin American MLB Gambling Partner

Based on bookie software reports, the MLB deal gave Betcris many opportunities. Also, it showcased the sportsbook’s efforts in improving its offerings. The partnership grew the company’s position in the sports betting industry.

The MLB partnership allowed the sportsbook to cover all the action in the baseball field. Also, it came at a time when the league is starting its 2020 season. With the popularity of sports betting on the rise, the deal would give Betcris an advantage over other sportsbooks.

According to sportsbook pay per head directory and news sites, Betcris has its headquarters in Costa Rica. However, the country is a restricted area for sports betting. Its primary markets in Latin America are Panama, Mexico, and Peru.

The Major League Baseball welcomed the new partnership with the sportsbook. It allows the league to reach out to its fans in Latin America. Also, the league described Betcris as the ideal gaming partner for its passionate fans in the region.

Aside from Betcris, the MLB also signed a deal with Tabcorp. The company owns a sports TV network and operates a sportsbook in Australia. At present, the league is popular in Latin America, Australia, the UK, and Japan.