FanDuel launches standalone casino product in NJ and live dealer in MI

The operator had offered its FanDuel Casino within the FanDuel Sportsbook app in New Jersey but has now launched the new product to offer players in the state a “dedicated online casino experience”.

The standalone FanDuel Casino app will feature staple casino games including blackjack, roulette, video poker, and slots and other games from the casino floor.

FanDuel Casino will still be available within the FanDuel Sportsbook app, while new casino players can sign up for a casino account or use their existing FanDuel Fantasy or Sportsbook account.

Meanwhile, FanDuel has also expanded its online casino offering in Michigan by adding live dealer games from Evolution.

Players in the state will have access to live dealer blackjack, roulette and baccarat titles. The launch was made possible after the Michigan Gaming Control Board last week authorised Evolution to offer its live dealer casino games in the state.

Colorado sports betting revenue rises to $19.7m in June despite handle drop

Gross gaming revenue from sports wagering in June amounted to $17.6m (£12.7m/€14.9m), up 15.8% from $15.2m recorded in May this year and 700.0% higher than $2.2m in June last year.

Online betting accounted for $19.5m of sports wagering revenue in June, compared to just $195,946 from retail sportsbooks in the state.

In terms of spending, players bet $229.8m on sports in June, down 10.1% from $249.0m in May and the lowest monthly amount of the calendar year to date.

A total of $227.1m was wagered with online operators, while the remaining $2.7m was bet at retail sportsbook facilities.

Basketball remained the most popular sports to wager on in Colorado, attracted $74.9m in total bets during the month.

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Playmaker acquires Yardbarker in $24m deal

Playmaker said the acquisition represents an integral pillar in its growth ambitions and significantly increases its US market presence, immediately adding Yardbarker’s more than 4 million unique monthly users and 350,000 daily newsletter subscribers to its audience.

Yardbarker offers content focused primarily on NFL, NBA, MLB, NHL and college sports, and its core editorial focus is to create and surface timely, engaging and relevant news and analysis to its users.

The platform publishes over 25,000 full-text articles per month, through a combination of its in-house editorial team and 125+ content syndication partner sites, while augmenting its traditional coverage with a collection of over 5,000 sports and entertainment quizzes and slideshows.

Yardbarker’s daily email newsletter, The Morning Bark, reaches over 350,000 subscribers and has an open rate of over 25%. The newsletter features a top 10 rundown of each day’s most important stories, and a customisable newsfeed that allows users to track their favorite sports and teams.

Pursuant to the terms of a letter of intent dated June 7, and a purchase agreement dated July 26, Playmaker acquired 100% of Yardbarker for an aggregate consideration of up to $24m.

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APE Macau issues profit warning amid 74.6% revenue decline in H1

The supplier has estimated that revenue from the first six months of 2021 will amount to HK$3.0m (£279,156/€326,385), a sharp decline from HK$11.8m (£1.0m/€1.2m) in the same period of 2020.

APE also projected that technical and repair services revenue would drop by 79.9%, revenue from the company’s business units would decline by 79.6%, and revenue from sales of equipmentwould decrease by 40.7% year-on-year in H1.

The warning revealed that the company’s loss before income tax may come to HK$9.4m (£874,688/€1.0m), 67.5% less than the loss of HK$29.0m (£2.6m/€3.1m) recorded in the previous H1 results.

APE’s board concluded that the impact of the novel coronavirus (Covid-19) pandemic and the lack of impairment loss of finance lease receivables – which offset otherwise poor 2020 figures – affected the results.

The supplier’s full H1 results are expected to be released on or before 13 August 2021.

Spreadex signs shirt sponsorship deal with Fulham FC

As well as adorning the Spreadex logo on the back of the club’s new kits – which will be released later this week – Fulham will also work with Spreadex on a range of community and charity initiatives during the duration of the agreement.

Spreadex will also have a presence across Fulham’s social media channels, in addition to being able to advertise on LED perimeter boards at Craven Cottage.

Spreadex CFO James Hallan said: “We are delighted to be partnering with Fulham Football Club for the next two seasons and feel privileged to now become a part of the Fulham family. This is a great club with a long history and tremendous reputation, and the deal signifies Spreadex’s continued growth plans as a company. 

“We look forward to working closely with our new partners and will be supporting Fulham both on and off the pitch as the team aims to return to the Premier League.” 

Fulham become the second football team to partner with Spreadex in the space of a week, after Premier League side Burnley also signed a shirt sponsorship deal with the company.

Fulham’s sales director Jon Don-Carolis added: “We are all delighted to welcome Spreadex Trading on board as Principal Partner for the forthcoming campaign and look forward to working with the team to develop and strengthen our association during the term of the partnership.” 

Queensland launches collaborative gambling harm minimisation plan

Released during the state’s Gambling Awareness Week (RGAW) 2021, the plan outlines the shared roles and responsibilities for the government, industry and community to reduce gambling-related harm in Queensland.

Running from 2021 until 2025, the plan aims to ensure the industry delivers safer products and services, as well as empower, protect and support consumers, and ensure the state has in place an effective and trusted regulatory system.

The plan estimates that 70% of people in Queensland gamble and while the majority play recreationally, 0.5% of adults in the state are classed as problem gamblers.

Lottery is regarded as the most popular form of gambling with 54.9% of gamblers taking part and while only 24.9% of consumers played electronic gaming machines (EGMs), over 70% of gamblers said these devices were problematic. 

“We all have a role to play in supporting Queenslanders to gamble safely,” Attorney-General and Minister for Justice, Minister for Women and Minister for the Prevention of Domestic and Family Violence, Shannon Fentiman, said.

“There is no doubt that gambling is a complex social issue that not only impacts the gambler themself, but their family, workplace and the wider community. The harm can also have a ripple effect across all aspects of life – with relationships, mental health and finances falling victim.

“With a growing number of interstate and international gambling operators providing online services; digital technology and advertising exposing Queenslanders to gambling at a very young age – we need to make sure Queenslanders have the support they need to seek help and recognise the signs of problem gambling.”

In terms of achieving its core aims, the plan will be based around four main strategic pillars: leadership and culture, technology and environment, public health approach and regulatory framework. 

First, leadership and culture will focus on creating a strong mandate, encouraging leadership and grass roots level engagement, as well as building capability of governance structures to better understand and address gambling harm, taking a harm prevention and precautionary approach to product and environment, and ensuring consumers can make informed choices.

For the technology and environment pillar, the plan will seek to understand how emerging technologies can support the market, designing in protection measures for consumers in all areas of the market, understanding and responding to online emerging markets, as well as transition to safe cashless environments and knowledge sharing among contributors.

In terms of public health approach, this will look at better understanding gambling harm to inform policy interventions, improving cross-sectoral linkages, develop interventions that address specific needs of ‘at risk’ communities, partake in coordinated approaches to prevention and awareness initiatives and implement best practice gambling help and self-help support models.

For regulatory framework, this will include strengthening harm minimisation controls, taking both a local and national approach to regulation, engaging stakeholders in the design, implementation and evaluation of programs, building a more complete data picture and evidence base, and increasing transparency in decision-making and policy development.

“We need to broaden our focus beyond ‘the problem gambler’ and focus our attention on preventing harm before it occurs by identifying those ‘at risk’, and intervening early” Commissioner for Liquor and Gaming Victoria Thomson said.

“There will be a shift from ‘responsible gambling’ to a ‘safer gambling’ framework that recognises there are safe levels of gambling activity and ways for industry to provide safer gambling environments.

“We will only be able to achieve this through a collaborative and coordinated effort – creating safer gambling environments, that also include partnerships across sectors, venues and Gambling Help service providers.

“Significant work has already been done to prevent and minimise gambling-related harm in Queensland, but I also know that by shifting focus, acknowledging new trends and technologies and working as a team we can go so much further to protect people.”

Tipico agrees $90m media deal with USA Today owner Gannett

The deal sees Tipico become the exclusive sports betting and igaming provider for Gannett, owner of the USA Today Network and a range of other local media assets across the US such as the Indianapolis Star and The Oklahoman.

The agreement replaces Gannett’s partnership with MGM-Entain joint venture BetMGM, meaning the media business will now promote Tipico odds instead of BetMGM’s.

Tipico will integrate odds, props, free-to-play games and betting trends across the USA Today Network, and has committed to $90m (£65m/€76m) in media spend over the five-year agreement. The operator will also pay performance incentives to Gannett for customer referrals.

Subject to certain conditions being met over the term of the agreement, Gannett will have the right to acquire up to 4,990 common shares in Tipico’s US business, representing a minority interest.

In return, Gannett will provide the operator with exclusive access to premium marketing assets at a pre-negotiated value, based on the expected aggregate sum of the cash consideration, performance incentives, and right to acquire common shares.

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Aspire Global appoints Raven to lead US expansion as managing director

In his new role, Raven will lead and execute Aspire Global’s growth strategy for the US gaming market as the provider continues with its efforts to expand its presence in the country.

Quincy has worked within the technology and gaming space for more than 20 years, most recently serving as senior director for gaming and payments at Blackhawk Network.

Prior to this, he had a spell as executive director of business development for the Americas at Scientific Games.

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Caesars and New Orleans Saints confirm Superdome naming deal

In addition to hosting the Saints’ home games and Super Bowl LIX in 2025, the Caesars Superdome will host a variety of events including the 2022 NCAA Men’s Final Four and the annual Sugar Bowl.

Caesars CEO Tom Reeg said: “All of us at Caesars are proud to be part of New Orleans’ vibrant culture. We understand that the Superdome is more than an iconic venue, it’s the symbol of a resilient and innovative community.

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FanDuel appoints Borkowski as new senior vice president of marketing

Following 15 years of marketing experience, Borkowski is joining FanDuel from streaming company Hulu, where he held the roles of vice president of media and acquisition and head of subscriber acquisition.

Borkowski also previously held the role of chief marketing officer at predictive analytics startup, Verikai, and worked in several marketing leadership roles for Neilson Financial Services and Farmers Insurance.

Read the full story on iGB North America.