While COVID-19 was obviously a factor in that red ink, the bulk of the loss came via discontinued operations, specifically, the $124m settlement ($95.4m after tax) in May with disgruntled customers of CDI’s former social casino unit Big Fish Games, which CDI sold to Australia’s Aristocrat Leisure in 2017.
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As the baseball season begins to melt down, it is time to look at replacing Rob Manfred as commissioner of MLB.
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Ahead of the ‘behind closed doors’ restart, the latest betting odds paint a picture of just how different results might look inside the ESPN Wide World of Sports complex in Orlando. For almost every game, sportsbooks – Betgenius partners included – have set spreads more evenly compared to the same matchups earlier in the 2019/20 season, while points totals are in many cases 10 to 15 points lower.
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Sports betting operator Score Media and Gaming has posted its financial results for the three and nine months ended May 31, 2020. In line with the general downturn in the market, the firm reported anticipated losses across the board as a direct result of the COVID-19 pandemic.
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More sportsbooks, a bigger handle, and a continued affinity for table tennis marked the Colorado sports betting revenue report for the month of June released Tuesday by the Colorado Department of Revenue’s Gaming Division.
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The NBA and the NHL are almost ready to get their season restarts underway, and both will be operating inside a virtual bubble meant to protect players and staffers. The quickness with which the Marlins saw COVID-19 spread – at least 17 players have now tested positive in less than a week – shows how little control there is over the virus.
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The PGA Tour and DraftKings today announced an expansion of their multi-year content and marketing relationship that now designates DraftKings as the first “Official Betting Operator of the PGA Tour.” In July 2019, DraftKings became the Tour’s first “Official Daily Fantasy Game of the PGA Tour” as part of a multi-year, exclusive arrangement.
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Fantasy sports gaming platform Monkey Knife Fight (MKF) has inked a new strategic partnership with the NFL‘s Miami Dolphins whereby it will introduce exclusive fantasy sports contests tailored to Dolphins fans.
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Colorado saw a 49% increase in sports betting handle in June, the second month of legal sports wagering in the state. The total amount wagered in Colorado in June was $38,136,949, according to a Colorado Department of Revenue Division of Gaming release. The state saw $25,621,761 bet in May after the sports betting market launched on May 1.
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As the legal infrastructure becomes more friendly towards sports betting, specifically in the online space, many companies in the gambling industry are investing in offering more sports betting options. According to a report by the Associated Press, companies like DraftKings are making serious strides in developing easy to use systems available to the public through partnerships with sports leagues
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The sudden surge in happiness may be short-lived, thanks to a potential COVID-19 outbreak in baseball, but the weekend proved to be highly lucrative for fans, as well as sportsbooks. Online sports gambling operator Bodog saw a lot of success this past weekend, most of which was provided by MLB wagers.
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Timing questionable, operators caught off guard, and some will have to rejigger launch plans
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