North Carolina finds itself in that position of a state being left behind, something that was underscored over the weekend as its neighbor to the west, Tennessee, began sports wagering that’s unique, at least in the U.S. Even without actual casinos or bricks-and-mortar store fronts, Tennessee saw online-only sports wagering debut on Nov. 1 with four operators and more lining up.
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The National Basketball Association (NBA) has extended its official betting data partnerships with Sportradar and Genius Sports Group in the US. Both will continue to have the non-exclusive rights to distribute official NBA and WNBA betting data to licensed sports betting operators in the US.
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Four sportsbook operators (FanDuel, DraftKings, BetMGM and local operator Action 24/7) will make their official debut in the Volunteer State on Sunday, making it the 19th state, and Washington DC, to offer some form of legal, regulated sports betting, and perhaps the most unusual market yet.
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The Internal Revenue Service (IRS) last week doubled down on its position that daily fantasy sports (DFS) entry fees are akin to sports wagers, signaling that it is a matter of when, and at what percentage, the IRS will levy federal taxes on those sums.
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Even after aggressively purging its payroll, MGM Resorts lost more than a half-billion dollars in the third quarter of 2020. A singular bright spot was the company’s online sports betting arm, BetMGM, CEO Bill Hornbuckle said Thursday during the company’s quarterly earnings call.
Read More . . .Action movie star Jean-Claude Van Damme (JCVD) is set to star in a new campaign for Belgium online sportsbook and casino 777.be. The new deal will see the iconic Belgium movie star continue his association with the local sportsbook until 2022.
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Today, Wynn Resorts’ WynnBET unit announced a multi-year national sports betting partnership with NASCAR. The casino resort is eyeing a larger scale rollout across the country in the future.
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Most celebrities love splashing their money in anything luxurious from big mansions, posh cars, and private jets. It is also common to see them spending on vacations in exotic places. However, some celebrities love to spend their time and money on casinos and gambling.
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The Major League Baseball (MLB) has amassed $8.3 billion dollars of debt due to COVID-19, the League Commissioner Rob Manfred told Sportico. The 30 MLB clubs, whose operational losses were estimated at around $2.8 billion to $3 billion, have played games behind closed doors this season and were forced to forfeit crucial gate receipts revenue on the grounds of health and safety.
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Casino operator MGM Resorts lost over half a billion dollars in the third quarter of 2020 but claims to see “signs of stability and recovery” amidst all the doom and gloom.
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