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Start time error leads to $250,000 loss for MGM Resorts

On 28 June, players were able to bet on Korean baseball league (BOO) and Chinese Professional Baseball League matches after incorrect start times were posted, due to a manual entry error. It is thought the MGM Resorts-operated casino has posted the largest sportsbook loss in Las Vegas history, after an event has started. An ESPN […]

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Kindred projects marginal Q2 revenue growth and fall in active customers

For Q1, Kindred reported a year-on-year revenue rise of 11%, to £249.7m ($307.9m), although operating profit fell 60% and its eventual profit after tax was only £1m. However, for the second quarter in a row, the operator acheived revenue growth despite the effects of the pandemic, although growth has been reduced to around 4%. With

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IMG Arena signs betting streaming and data rights deal with World Table Tennis

The long-term deal will allow sports betting operators access to content across all WTT events, which includes the World Table Tennis Championships. The sports betting supplier will distribute rights to all tiers of the revamped WTT events schedule, including the new WTT Series, which will be launched in January 2021. The deal sees IMG’s client

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Tipico partners with digital advertiser to help US launch

The operator will work with the omnichannel digital advertising services company for its launch in the US market, with Tipico emphasising Digilant’s success with campaigns on Facebook, Instagram and other media. Keith Gormley, Tipico head of US marketing said: “Digilant’s unique ability to bring together a best in class team across digital media buying, analytics

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Kenny Alexander to leave GVC; Shay Segev promoted to CEO

COO Shay Segev will replace the outgoing executive, with the changes effective from 17 July. Alexander has overseen rapid growth at GVC since 2007, most notably with M&A activity including its takeover of Ladbrokes Coral, which was completed in 2018. Segev has been GVC COO since March 2016, having previously been the Chief Strategy Officer

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Svenska Spel Q2 revenue down 19% amid “difficult times;” H1 profit up 12%

Operating profit for the period amounted to SEK 473m, a drop of 11% from 2019. The operating margin was 29%. Svenska Spel attributed the decline in Q2 revenue to the closure of physical casinos and cancellation of sports as a result of the COVID-19 pandemic. Despite this, the operator saw operating profit increase year-on-year for

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UNLV and GVC publishes report into responsibly legalising sports betting in the US

The report by UNLV International Gaming Institute titled “The Big Questions: Sports Wagering in America,” aims to answer a broad range of questions faced by legislators and regulators and inform states’ decision making regarding legalising sports betting. GVC’s US Foundation, which promotes responsible gambling, sponsored the report and did not see the report prior to

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FanDuel expands US offering with online sportsbook launch in Iowa

Players will need to visit one of the FanDuel sportsbooks at Diamond Jo Casino in either Dubuque or Northwood Iowa, to register and activate their online and mobile betting account. This will be required until 1 January 2021, with online or in-app registrations accepted after that date. Some of the key features of the sportsbook

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