North Carolina’s tribal operators legalized retail sports betting in July 2019. Then, last June, state lawmakers legalized online sports betting as well, with the launch of the activity expected next month. So far, there are eight online sports betting operators that are expected to roll out their services with the opening of the market in North Carolina in March.

The list includes industry giants, DraftKings and FanDuel, as well as BetMGM, bet365 and Caesars Sportsbook. Moreover, Underdog Sports, Fanatics Sportsbook and ESPN Bet are also planning to launch their services with the opening of the legal mobile betting market next month. According to a recent report, the number of mobile sportsbooks is expected to grow further with the addition of another operator.

As announced by SportsHandle, Catawba Two Kings Casino, the premium gaming and betting venue in Kings Mountain, is also anticipating entering the mobile sports betting vertical. The venue is one of three that currently offer retail sports betting. The other two are Harrah’s Cherokee Casino Resort in Cherokee as well as Harrah’s Cherokee Valley River in Murphy.

The Casino Is Expected to Select a Partner Soon

Reportedly, Catawba Two Kings Casino is currently exploring options for teaming up with a mobile betting partner. The venue would need to apply for a license with the North Carolina gambling regulator, the NC State Lottery Commission, but that can happen once it has selected a suitable betting partner.

Given that Catawba Two Kings Casino is in the process of selecting a betting partner, it is uncertain if the venue would be able to go through the licensing and be ready for the launch of mobile betting in the state. According to Tylee Tracer-Anderson, Catawba Indian Nation’s director of communications, the venue is currently assessing different options for a mobile sports betting operator to team up with. “We hope to have one chosen within the next few months and are looking forward to launching our new gaming venture,” he added.

Currently, 38 states along with DC offer some form of legal sports betting. The statewide expansion of the activity started back in 2018 after the US Supreme Court struck down PASPA.

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The leading iGaming software, content and solutions provider, catering to casino and sports betting operators across the globe, EveryMatrix, announced a new partnership focused on its growth in North America. The company announced Wednesday it joined forces with Caesars Digital, agreeing to supply its content for Caesars Sportsbook & Casino and Caesars Palace Online Casino.

The new collaboration further strengthens EveryMatrix’s growing presence in North America, powering Caesars’ operations in multiple US states. Currently, the company holds licenses in Michigan, New Jersey, West Virginia, as well as Ontario, Canada. Recently, EveryMatrix secured a license in Connecticut while it is currently undergoing licensing in Pennsylvania as well.

Thanks to the new agreement with Caesars, EveryMatrix agreed to supply its real-money games, including titles from its in-house studios like Armadillo Studios. The integration of the engaging titles will be completed via the company’s iGaming aggregation solution, SlotMatrix.

As a result, Caesars Palace Online Casino and Caesars Sportsbook & Casino will expand their offering for customers across the US. Some of the popular games from Armadillo Studios that will become available for the operator include Franksylvania, Armadillo Goes West, Gold Rush, Hot Hot Honey, and others.

The collaboration with Caesars comes after earlier this month, Every Matrix released its Q3 2023 results. In the trading update, the company outlined strong growth in net revenue and adjusted EBITDA that saw an uptick year-over-year of 62% and 113% respectively. Moreover, the Q3 results reaffirmed EveryMatrix’s growth trajectory, positioning the company well for further expansion.

Caesars Digital Is Excited to Expand Its iGaming Portfolio

Matthew Sunderland, Caesars Digital’s SVP and chief iGaming officer, said that the company is excited to expand its offering with the addition of fan-favorite and thrilling titles from EveryMatrix. “This partnership with EveryMatrix brings exciting games online for players in multiple jurisdictions, something we know they’re interested in seeing more of going forward,” he added.

“We are thrilled to add a new collection of popular titles to the growing iGaming portfolio we have across our platforms.“

Matthew Sunderland, SVP and chief iGaming officer at Caesars Digital

Erik Nyman, EveryMatrix Americas’ president, added that the company is excited to grow its portfolio of partners with the addition of Caesars Digital. He acknowledged that the new collaboration represents a milestone achievement for the company’s growth in the US.  Finally, Nyman said EveryMatrix is delighted to deliver its games, powering one of the leading iGaming brands in the country.

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Flutter Entertainment, the parent company of FanDuel, has decided to delist from Euronext Dublin, Ireland’s stock exchange, as part of its strategy to add a New York listing in the first quarter of 2024. The move comes amid regulatory considerations and technical challenges in maintaining the company’s Dublin listing.

Europe Remains a Challenging Regulatory Environment

While Flutter plans to remain listed on the London Stock Exchange, it has opted to delist from Euronext Dublin. The decision is rooted in the desire to streamline operations and facilitate easier regulatory compliance. The company stated it preferred to maintain a listing in Ireland but cited challenges and technical difficulties that hindered the retention of its Dublin listing.

Flutter’s decision to gradually shift its focus away from Europe comes amidst a series of setbacks on the Old Continent. While the gaming giant’s UK & Ireland division showed an 11.2% year-on-year revenue increase, reaching $566 million, the region’s uncertain regulatory landscape has impacted the company’s operations, causing significant concern.

Flutter’s recent announcement about the closure of 21 Paddy Power betting shops in Ireland further destabilized its position in the region, as the Irish government announced a new Gambling Bill to restrict betting ads between 5:30 am and 9:00 pm. Flutter urged policymakers to reconsider, fearing such a change could impact revenues.

US Operations Enjoy Stellar Growth

Flutter has had significantly more success in the USA, as Q3 results revealed robust growth. The company’s US-facing operations saw revenues of £668 million ($820.2 million), up year-over-year by 12%. New York was one of Flutter-owned FanDuel’s most successful jurisdictions, as it became the first state to surpass the $2 billion handle mark.

Other highlights of Flutter’s latest trading update included the successful acquisition of a 51% stake in MaxBet, a leading betting and gaming operator with a presence in Serbia. This move signifies that despite Flutter’s increasing focus on the USA, the company will maintain its foothold in its core markets and continue investing in promising European jurisdictions.

The move to delist from Euronext Dublin and seek a New York listing aligns with Flutter’s broader vision and ongoing efforts to navigate the dynamic landscape of the global gambling industry. The company has maintained impressive momentum, but rising industry challenges have forced it to adapt and reconsider its priorities.

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The Czech operator started the year on a high note, scoring win after win. The company won the auction to take over the UK lottery, closed out the acquisition of the Camelot Lottery Solutions Group, and set itself up for further expansion. Recent news suggests Allwyn plans to compete for control over the Irish national lottery, solidifying its hold over the region.

The Operator Enjoys Substantial Momentum

As the newest official operator of Britain’s National Lottery, Allwyn gains access to a substantial market well worth the initial investments. The company plans to modernize the country’s lottery offerings, prioritizing customer safety and superior player experiences powered by cutting-edge tech. To that end, Allwyn announced a partnership with Vodafone to facilitate a mobile-first approach and revitalize the lottery’s aging infrastructure.

The Czech group’s other recent victory came after acquiring its primary regional rival Camelot. The move hastened Allwyn’s entry into the UK market, giving the company a substantial head start in its revitalization efforts. Since Camelot LS Group is based in Chicago, the deal significantly simplifies a potential Allwyn foray into the US market.

Entering Ireland Would Be Another Significant Milestone

Despite the potential for overseas expansion, Allwyn’s eyes remain set on the Old Continent. According to a recent report by the Financial Times, the operator seeks to further grow its influence across the British Isles by purchasing a majority stake in the Irish national lottery. However, the process is shaping up to be anything but straightforward. 

The Irish lottery is owned by The Ontario Teachers’ Pension Plan (OTPP), the same entity which previously held Camelot. The OTPP has opted for an auction, hoping the promise of untapped value and over a decade of lottery license left would attract sufficient investor attention.

High-profile operators like The Lottery Corporation, Française des Jeux, International Game Technology, and Scientific Games have already expressed interest, meaning Allwyn has an uphill battle ahead if it wants to compete. However, the company’s substantial experience, solid financials, and industry-leading solutions may be sufficient to give it an edge over the competition.

Allwyn Has All It Takes to Compete with Industry Heavyweights

The operator is well-prepared for a rigorous bidding process, relying on substantial revenue growth to fuel such expansion efforts. Allwyn’s preliminary 2022 financial results revealed a 23.8% year-on-year revenue growth, reaching €3.22 billion ($3.51 billion). With EBITDA also rising 20.8% to €1.17 billion (1.27 billion), Allwyn is more than capable of competing with other industry heavyweights.

The group can pursue plenty of other avenues besides Irish expansion. Allwyn’s substantial experience in countries like Austria, Cyprus, the Czech Republic, Greece, and Italy has given the company insight into what it takes to succeed in diverse and challenging markets. With the Camelot acquisition complete, Allwyn can grasp the first available opportunity to expand its reach, whether in Ireland or overseas.

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