Retrospective: A Look at Some of This Week’s Top Gambling Stories
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This week brought a number of changes to the global gaming industry. Some of the changes were for the better, but not all.
There is uncertainty in the UK and Down Under about the future of gambling and sports betting. Tabcorp has split up its media and gaming business and is keeping the door open for possible deals. Sports team sponsorships by gaming operators have dropped by 50% in UK in past two years.
Nevada's COVID-19 pandemic has been lifted a month ago. The daily average of positive cases is 303. Nevada's gaming revenue has increased 25% over pre-pandemic numbers. Canada is getting ready for expanded sports gambling and iGaming. Ontario created igaming Ontario to oversee sports and gaming. Greentube and Loto-Quebec have teamed up to expand their business in Canada.
The new gaming compact between the state and Seminole Tribe of Florida has been controversial. A lawsuit launched by a gaming operator promises to smear the ink, making the compact unrecognizable. Philippines was recently added to the Financial Authority Task Force’s greylist. The country's gaming regulator and casino operator has taken action. It has made changes to its internal structure to put one department in charge of online gambling and another in control of land-based operations.
DraftKings is facing legal challenges. WePlay Academy League will help young gamers make a name for themselves. eSports gambling is fueling the growth of We play. iReport.com looks at some of this week's top gambling stories.
Department of Justice caved on its position that the Federal Wire Act applies to all types of online gaming activity. Several states, including Michigan, Pennsylvania and West Virginia, have expressed interest in interstate online gambling compacts. The DC Audit revealed that Intralot control over DC’s lottery and sports gambling activity was a big mistake.
