Monthly Archives: September 2021

FILE In this , Tuesday, Feb. 19, 2019 file photo, Tom Dundon, majority owner of the Carolina Hurricanes talks to the media about his $250 million investment in the Alliance of American Football league before the start of an NHL hockey game between the New York Rangers and the Carolina Hurricanes in Raleigh, N.C. Tom Dundon is now sole owner of the Carolina Hurricanes after buying out the remaining shares of the NHL club held by Peter Karmanos and others. The leagues board of governors unanimously approved the transaction Wednesday, June 30, 2021. (AP Photo/Chris Seward, File)

RALEIGH, N.C. (WNCN) It seems like its a matter of when, not if the Carolina Hurricanes roll out an in-arena sportsbook.

In a column in The Athletic, Pierre LeBrun wrote about a conversation he had with Hurricanes general manager Tom Dundon ahead of the 2021-22 season. One of the topics touched on was growing the organizations business through sports betting, much like the Washington Capitals recently have.

Yeah, were working on it, Dundon told LeBrun.

Dundon went on to explain he thinks in-arena betting options will be something all 32 teams eventually implement.

I think everyone is going to have it eventually. Its just about when, for the most part, because it seems to be legal in many states and on its way in others, Dundon told LeBrun. Were hopeful its something (the state wants) to do.

North Carolina lawmakers must first legalize sports gambling. A bill passed the state Senate on Aug. 19, but has not yet been voted on in the state House.

Sen. Jim Perry (R-Lenoir), one of the lead sponsors of the bill, has been showing other members how easy it is currently for anyone to go online and place bets. Nearby states, including Virginia and Tennessee, already have legalized sports betting.

He said it makes sense for North Carolina to regulate it and generate tax revenue. Hed like to see that money targeted to low-income school districts, though he said current legislators cant tie the hands of future legislators when it comes to earmarking that money.

John Rustin, president of the North Carolina Family Policy Council, has been an outspoken opponent of the bill, urging the legislature not to expand legalized gambling.

All of those social issues, those problems that come along with gambling are what were truly concerned about, he said. Obviously because its a gambling bill, there is massive financial interest behind this legislation.

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Report: Hurricanes owner says team is working on in-arena sports gambling - CBS17.com

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IGT PlaySports Expands Leading U.S. Sports Betting Footprint to Angel Of The Winds Casino Resort in Washington State - goskagit.com

International Game Technology has detailed the latest expansion of its US sports betting footprint, after teaming up with the Stillaguamish Tribe of Indians.

This will see the group power sports betting at the tribes Angel Of The Winds Casino Resort in Arlington, with the gaming property to leverage IGTs PlaySports turnkey solution for retail and on-premise mobile sports betting.

As the leading choice for US operators to power their sports betting enterprises, IGT PlaySports is thrilled to add Angel Of The Winds Casino Resort to our growing list of customers, said Enrico Drago, IGT CEO digital and betting.

Our proven all-in-one PlaySports technology was designed to offer maximum flexibility for operators of all sizes to seamlessly establish exciting sports betting programs.

Earlier this year, the Stillaguamish Tribe reached a tentative gaming compact amendment agreement with the Washington State Gambling Commission, which included updates to regulatory and operational processes and also clarified certain provisions.

This was followed up in May with a tentative sports wagering compact amendement agreement being inked by the tribe alongside the state regulator.

Angel Of The Winds Casino Resort patrons will be able to experience this new and exciting form of gaming from anywhere on our property, thanks to IGTs omnichannel PlaySports platform, commented Travis ONeil, Angel Of The Winds Casino Resort CEO.

IGTs comprehensive PlaySports solution, paired with the companys extensive experience and expertise, will enable us to offer a world-class sports betting operation for many years to come.

Earlier this month, IGT established a dedicated digital and betting business segment, which came as the group eyes significant growth moving forward.

The division will comprise the firms igaming and sports betting activities, which were previously part of its global gaming segment.

This new structure has seen Drago be named to serve as CEO of digital and betting, reporting to Marco Sala, CEO of IGT.

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Stillaguamish Tribe teams-up with IGT for sports betting in Washington - Casino Beats

Sports betting revenue in Tennessee slipped to a $10.1m (7.4m/8.7m) in August, the lowest total reported since the market opened, with handle flat month over month.

Adjusted gross revenue for August was 23.5% below the previous low of of $13.2m, set during the first month of legal sports betting in Tennessee inNovember last year. The figure was also 24.6% down from $13.4m inJuly of this year.

Player spending for the month came to $144.5m, which was level with the amount wagered in July this year, but the joint-lowest monthly total since $131.4m was spent in November 2020.

The Tennessee Education Lottery also reported that it was able to generate $2.0m in tax from sports betting in August, while players won a total of $131.3m.

Read the full story on iGB North America.

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Tennessee sports betting revenue falls to record low of $10.1m in August | Sports betting - iGaming Business

Top sports betting stocks to watch. Once the initial days of the coronavirus pandemic were in the rearview mirror, the

Top sports betting stocks to watch.

Once the initial days of the coronavirus pandemic were in the rearview mirror, the sports betting industry came to life. As Americans found themselves stuck at home, idle hands eventually found their way to wagering. Since debuting in June 2020, the Roundhill Sports Betting & iGaming ETF (ticker: BETZ) is up 97%. Three years after a Supreme Court decision paved the way for any state to legalize sports betting, roughly half the U.S. population lives in such states, and that proportion is growing. With so much momentum behind the trend, here are six of the best sports betting stocks to watch.

DraftKings Inc. (DKNG)

DraftKings is arguably the most recognizable online sports betting brand, and it has the market value to match, with a valuation above $20 billion. Since the end of its first day of trading after going public via a special-purpose acquisition company in April 2020, the stock is up 165%. Analysts still cant get enough of DKNG, with a consensus price target of $71.15 representing nearly 40% upside. The company has been making aggressive moves to shore up its position in the space, becoming the NFLs sports betting partner, announcing the acquisition of Golden Nugget Online Gaming Inc. (GNOG) in August, and reportedly pursuing a $20 billion bid to buy Entain, a large sports betting company based in the U.K.

Flutter Entertainment (PDYPY, PDYPF)

The name of the parent company might not ring a bell, but at a market capitalization of $37 billion, Flutter Entertainment is the single most valuable sports betting company out there. Its portfolio of brands includes PokerStars, Paddy Power Betfair and the daily fantasy betting giant FanDuel. In fact, FanDuel is the single biggest competitor to DraftKings, and the company touts a 45% market share in the U.S. online sportsbook segment. Flutter acquired the parent company of PokerStars in 2020. But not counting that acquisition, the company still reported 28% revenue growth in the first half of 2021 from the same period a year before. With more states legalizing sports betting, the company expects to start cranking out positive earnings before interest, taxes, depreciation and amortization in 2023.

Penn National Gaming Inc. (PENN)

A more traditional gaming company than either of the first two names on this list, Penn National has a bricks-and-mortar presence in 20 states, where it operates slot machines, table games, and live sports betting and racing. PENN is quickly adapting to the brave new world of online sports betting, however, acquiring a 36% stake in lifestyle, media and digital sports company Barstool Sports in 2020 for $163 million. It quickly used the power of that brand, with a devoted audience of 66 million, to launch the Barstool Sportsbook app in Pennsylvania, Michigan and Illinois. Still anxious to expand its market share in online gaming, it announced the $2 billion acquisition of Score Media and Gaming in August, which will give PENN a strong foothold in the Canadian mobile sports betting market and make this stock an all-around bet on North American sports wagering.

Caesars Entertainment Inc. (CZR)

Are any of the biggest sports betting companies not on a buying spree? Consolidation is the name of the game in this industry, and Caesars has clearly gotten the memo. Caesars itself merged with Eldorado Resorts in an $18 billion deal in July 2020. Two months later, the combined company announced an agreement to buy U.K.-based bookmaker William Hill for $3.7 billion. In September, the company announced the sale of the non-U.S. assets of William Hill for about $3 billion, keeping its focus on the domestic sports betting market. The $23 billion Caesars is on the right track at the moment, exceeding analyst expectations in 2021 as the stock is up more than 40% year to date. The company is highly leveraged, a sword that cuts both ways, but analysts have quintupled their expectations for fiscal 2022 profits in the last five months alone.

Churchill Downs Inc. (CHDN)

At $9 billion, Churchill Downs is no small fry, but it is the least valuable company on this list. The company behind the famed Kentucky Derby, Churchill Downs is also the most tried-and-true member of this list, with corporate origins in 1928. CHDN is certainly more niche than its peers on this list, with its operations revolving around horse racing and the betting accompanying it. But the company also has casinos in eight states and operates one of the most profitable U.S. online sportsbooks, TwinSpires, which books wagers on all the major sports, as well as the horses. Up more than 20% in 2021, CHDN stock is on the comeback, logging record net revenues in the second quarter. Analysts expect earnings per share of $6.09 in 2021, up from 83 cents in 2020.

MGM Resorts International (MGM)

Casino powerhouse MGM, at $22 billion, also deserves a spot on this list. It recently announced the launch of its mobile sports betting app, BetMGM, in Wyoming, making it the 14th U.S. market to offer both mobile and online BetMGM experiences. In a sign of the markets rapid consolidation, MGM may actually be able to nix DraftKings potential deal to acquire Entain. Thats because Entain has an exclusive partnership with MGM in the U.S. online sports betting market, where BetMGM is actually a 50-50 joint venture between MGM and Entain. As such, MGM may have the ability to prevent a competitor from muscling further into online sports betting or could secure some other form of lucrative remuneration from DraftKings to waive the exclusive partnership. The stock has roughly doubled over the past year.

Best sports betting stocks to watch:

DraftKings Inc. (DKNG)

Flutter Entertainment (PDYPY, PDYPF)

Penn National Gaming Inc. (PENN)

Caesars Entertainment Inc. (CZR)

Churchill Downs Inc. (CHDN)

MGM Resorts International (MGM)

More from U.S. News

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6 of the Best Sports Betting Stocks to Watch originally appeared on usnews.com

Update 09/27/21: This story was originally published at an earlier date and has been updated with new information.

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6 of the Best Sports Betting Stocks to Watch - WTOP

Its been more than four months since Arizona House Bill 2772 cleared the state legislature, paving the way for Arizona sports betting to begin.

The bill was co-sponsored by Arizona Reps. Alma Hernandez, Jeff Weninger, Shawnna Bolick, Cesar Chavez, David Cook, Daniel Hernandez, Jennifer Jermaine, Becky Nutt, Ben Toma, Sonny Borrelli and Thomas Shope - with Democratic and Republican members of the Arizona House of Representatives coming together to champion the cause.

Bookies.com talked with Rep. Alma Hernandez, who represents the 3rd district, which includes Tucson and other parts of northwest Pima County, about the legislation and the initial rollout of sports betting in the state.

The second-term Democrat expressed satisfaction with the bipartisan legislation, as well as the response shes heard from members of the Pascua Yaqui tribe, which is located within her district. The Q&A has been edited for brevity and clarity.

Last week, the Arizona Department of Gaming posted its sports betting catalog, advising users what they can wager on at sportsbooks and through sports betting apps.

RELATED: Two Weeks In, Arizona Sports Betting Isnt Slowing Down

Bookies.com: Five months after you sponsored legislation along with the other lawmakers, why did you think sports betting was important for Arizona?

Alma Hernandez: First and foremost, I represent the Pascua Yaqui reservation, which is one of the tribes here in Arizona. And they were very supportive of this. They were supporting this bill all along. So being that I represent the area, I felt that if the tribe that I represent is supporting this and thinks that would it be a good thing, not only for the tribe, but for Arizona and bringing in more revenue, I decided that I wanted to be a co-sponsor.

Rep. Jeff Weninger is a friend of mine. He has previously tried to pass bills of this nature. And I know that it was important to him, and he really wanted to get this done.

And it was done in a bipartisan way, as I'm sure you noticed. The vote was very bipartisan. And after knowing that we have the green light from the tribes in Arizona, and especially from the tribe in my district, I decided that it was something that I could support. Not only were the tribes on board, but many fans and many folks in the community who were very interested in seeing this getting done finally were too.

Bookies: Thoughts on how HB-2772 impacts Indian tribes in the state so far?

Hernandez: Its very new. Were only a month in since we were able to legally do this. The Pascua Yaqui did not receive a license, but they were in support of this. And, quite honestly, it's very early, but I know there's a lot of excitement around [sports betting in Arizona] right now.

Anytime I log into social media, people are either talking about it, or I'm getting ads on social media promoting [sports betting].

I think its great when Arizonas leading the way, or doing things like other states, and I believe we're the 26th state to adopt this. So, we needed to get with the program, and I'm happy to see it finally happening.

And obviously it brings in, you know, it's estimated, I believe they said its $34.2 million or something, that we're expecting in general funds that we'll get out of this.

So that's obviously great for Arizona. And I know that the tribes will also benefit from this as well.

So, for me, it was a step in the right direction, doing something just to get on the same level as every other state that's doing this. And in Arizona we have great sports teams. And I know that people, again, are very excited to be able to do this finally.

Bookies: How has the sports betting rollout process gone in your opinion, versus what you expected when you helped sponsor HB-2772?

Hernandez: Of course. When this all started, I wasn't a part of the negotiation. But I came in after that. But I know that there were many people that were trying to figure out, OK, what is this going to look like?

So, I know many people that have downloaded the apps on their phone and are now currently betting on different games. So, it seems to me that the rollout has been great. I think it's working out.

RELATED: Q&A with Arizona State Rep. Jeff Weninger On Sports Betting

I haven't heard of any major issues with it. I know that people are still excited to sign up. So, I know that there's a lot of excitement around it. I think it's gone smooth so far. I think that people are very pleased that they're able to finally do this in Arizona.

So, I think it's going to be a positive thing for our state. And I think this is just a very exciting thing for some people and then being able to do it here legally is a great thing to see.

Bookies: Does the strong response to legal sports betting from Arizonans give you a sense of satisfaction, as a co-sponsor of HB-2772?

Hernandez: Most definitely. I'm not an expert on sports, I used to play women's league soccer, but that's about it. But I have so many friends that are so excited to be able to do this now. And it's still the same rules that apply: you have to be 21, and there are rules around how you can do this.

So, it's not like they're doing something that's not legal, it's completely legal. And now they're able to do it. And they're excited to be able to bet on their favorite teams and do all of that.

So, I think the response from the state and really, constituents, has been really positive. I think overall, this is a great step. For us, it's a great way for us to bring in more revenue for the state.

It was done in a very bipartisan way. Yes, negotiations took a while. And many, many people were involved at the roundtable for this, but it finally got done. And I know that people are very excited to see this happen. So, I'm really looking forward to that next year when we go into the next fiscal year and seeing what that looks like for Arizona, and how people have reacted to [sports betting], and what they are doing to participate.

Bookies: What should Arizonans know about the work that went on behind the scenes in getting legal sports betting legislation off the ground in Arizona?

Hernandez: I wasn't a part of all these committee hearings and the meetings that they had to be able to work out negotiations with the tribal communities, and with the governor's office, but I do know, it was not easy.

It took a lot of a lot of working, a lot of compromising and being in a place where you had everyone in the room that was going to be impacted by this and figuring out the best solutions.

And those solutions were figured out. And we finally were able to come up with a compromise. And really got it across the finish line with broad support on both sides.

So, I was really excited about it. I know that my colleague [Rep. Jeff Weninger] worked hard for this. He was passionate about it. He's been wanting to do this for years. And finally getting it done, I know was not an easy thing. But it was done collaboratively with the support of the of the tribal nations, which is obviously very important when we're talking about making any changes to the tribal compact.

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Q&A With Arizona Rep. Alma Hernandez on Sports Betting - Bookies.com

UPshow Delivers Sophisticated SportsBook Build Experiences to Retailers Catering to Sports Fans

CHICAGO, Sept. 28, 2021 /PRNewswire/ -- UPshow, the leading in-venue entertainment and marketing platform that develops interactive digital TV networks for retail and hospitality businesses, launched a premiere SportsBook Build Platform, helping retailers distribute and market the best of online sports betting in their venues.

Retailers that wish to create a unique digital sportsbook experience on TVs in their venues can now partner with UPshow, choosing from a number of UPshow's already connected sportsbook partners. Retailers can also bring their own sportsbook partner to the table and have UPshow leverage data and APIs to create a one-of-a-kind sports betting experience.

Today, several hospitality retail brands already leverage UPshow's SportsBook Build Platform to engage their guests with premiere sports betting experiences, becoming go-to destinations for sport fans.

"There isn't a hospitality brand with a sports ethos that isn't thinking about how to launch a sportsbook strategy and experience in-venue," said Adam Hirsen, CEO, UPshow. "This is why we added sports betting functionality to UPshow's already robust engagement platform. Our customers can connect to a variety of popular sports betting providers already integrated into our system or connect to our retail partners' top choice for a sportsbook partner."

UPshow's sportsbook integrations typically allow fans to register, deposit funds and place bets on their favorite teams directly from their mobile devices. Dynamic sports betting odds and prop bets from all sports leagues are displayed across TV screens in hospitality venues nationwide, enabling a fun, interactive engagement opportunity that perfectly complements live sports and local market team affiliations.

The top sportsbooks are also leveraging UPshow's leading engagement platform to get more exposure on TV screens in the largest and very best venues, enabling them to reach a whole new audience in the digital out-of-home landscape.

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About UPshow:UPshow is the leading in-venue entertainment and marketing platform for retail and hospitality businesses and is the first and only engagement platform for out of home venues that delivers hyper-targeted marketing and interactive entertainment alongside a robust suite of analytics. UPshow creates a revolutionary in-venue network that drives customer and employee behaviors directly from their mobile devices. Businesses in the hospitality, entertainment, fitness and healthcare industries rely on UPshow's plug-and-play technology to create deeper brand engagement and maximize profitability and efficiency. Founded in 2015, UPshow now reaches audiences through more than 25,000 screens in businesses around the world. Learn more at upshow.tv.

Contact: Lori McInerney, +19496897969, lori@upshow.tv

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UPshow Announces its SportsBook Build Platform, Helping Retailers Bring the Best of Online Sports Betting to Hospitality Venues Across the Country -...