Sportsbook Archives - Keno Wizard https://kenowizard.com/tag/sportsbook/ The Ultimate Keno Destination for Odds, Tips & Tricks Thu, 08 Feb 2024 05:03:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://i0.wp.com/kenowizard.com/wp-content/uploads/2023/02/cropped-keno-wizard-icon.png?fit=32%2C32&ssl=1 Sportsbook Archives - Keno Wizard https://kenowizard.com/tag/sportsbook/ 32 32 230792155 Fanatics Betting and Gaming Launches Fanatics Sportsbook in Iowa https://kenowizard.com/2024/02/08/fanatics-betting-and-gaming-launches-fanatics-sportsbook-in-iowa/ https://kenowizard.com/2024/02/08/fanatics-betting-and-gaming-launches-fanatics-sportsbook-in-iowa/#respond Thu, 08 Feb 2024 05:03:33 +0000 https://kenowizard.com/2024/02/08/fanatics-betting-and-gaming-launches-fanatics-sportsbook-in-iowa/ A few weeks after hitting the Pennsylvanian market, Fanatics Betting and Gaming launched its Fanatics Sportsbook in the state of Iowa. As a result, Iowan players and visitors will now be able to download the dedicated Fanatics Sportsbook app and place exciting wagers with the operator. Iowa is notably the twelfth state where the Fanatics [...]

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A few weeks after hitting the Pennsylvanian market, Fanatics Betting and Gaming launched its Fanatics Sportsbook in the state of Iowa. As a result, Iowan players and visitors will now be able to download the dedicated Fanatics Sportsbook app and place exciting wagers with the operator.

Iowa is notably the twelfth state where the Fanatics Sportsbook is now live. The operator’s launch in the state was made possible by its recent acquisition of PointsBet’s US business. All former PointsBet customers will be automatically migrated to the new Fanatics Sportsbook app. These accounts will get to keep their usernames, passwords, account balance, reward points and responsible gambling settings.

As a part of the transition from PointsBet, the sportsbook at Catfish Bend Casino in Burlington will turn undergo a name and management change. In addition, Fanatics will further enhance the retail betting experience by installing a number of Suzohapp self-service kiosks.

As a company that is firmly committed to offering gambling in a responsible way, Fanatics Betting and Gaming will provide its customers with access to a variety of tools they can use to manage the time and money they spend while interacting with the Fanatics Sportsbook.

Customers can also contact a 24/7 help center and speak with experienced agents.

Many Exciting Features Await Players

Fanatics Sportsbook listed a number of benefits that bettors will get if they choose to play with the operator. For starters, the company emphasized that its Fanatics Sportsbook app has been built with the mobile user in mind, providing mobile bettors with intuitive and easy-to-use experiences.

Furthermore, Fanatics Sportsbook is the only sportsbook to give its customers up to 5% of their bets back in FanCash. Players can then spend this digital currency on a variety of bonus bets or on Fanatics.com.

For reference, players can earn 5% FanCash on same-game parlay bets, 3% FanCash on parlay bets and 1% FanCash on straight bets and odds boosts.

Another perk of using the Fanatics Sportsbook is the Discover feed, which provides sports enthusiasts with all the information they care about. This includes marquee games, key stats and trending bets, among other information.

Finally, customers can enjoy the Fanatics Sportsbook’s industry-leading search functionality, which encompasses a variety of features, such as a search bar, recent searches, autocomplete, synonym/alias and deep linking.

In the meantime, Fanatics VIP president Michael Z. Hermalyn just filed a lawsuit against his former employer, DraftKings.

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Bingoal to Launch a Kambi-Powered Sportsbook in 2024 https://kenowizard.com/2023/12/15/bingoal-to-launch-a-kambi-powered-sportsbook-in-2024/ https://kenowizard.com/2023/12/15/bingoal-to-launch-a-kambi-powered-sportsbook-in-2024/#respond Fri, 15 Dec 2023 05:54:06 +0000 https://kenowizard.com/2023/12/15/bingoal-to-launch-a-kambi-powered-sportsbook-in-2024/ Kambi Group has unveiled a multi-channel sportsbook partnership with Bingoal, a Belgian online and retail gambling and betting operator. Under the deal, Bingoal will leverage Kambi’s market-leading Complete sportsbook across its retail and online business in Belgium and the Netherlands. The deal will see Bingoal replace its current sportsbook provider with Kambi’s best-in-class sports betting [...]

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Kambi Group has unveiled a multi-channel sportsbook partnership with Bingoal, a Belgian online and retail gambling and betting operator. Under the deal, Bingoal will leverage Kambi’s market-leading Complete sportsbook across its retail and online business in Belgium and the Netherlands.

The deal will see Bingoal replace its current sportsbook provider with Kambi’s best-in-class sports betting technology and services. According to the announcement, the supplier’s Complete sportsbook will be integrated with Bingoal’s proprietary player account management system.

As mentioned, the Complete sportsbook will empower Bingoal’s online and offline business in Belgium and the Netherlands. As a result, Kambi’s unparalleled sportsbook will go live across 350 betting shops across Belgium.

In addition to its cutting-edge sportsbook, Kambi also offers a variety of innovative products and solutions, including its popular Bet Builder tool.

According to the official announcement, Bingoal, a company with over three decades of experience in the betting and gaming industry, selected Kambi as its new sportsbook provider because of its impressive track record with existing partners. For reference, Kambi already supplies such solutions to partners across Europe, including in Belgium and the Netherlands.

Bingoal’s new Kambi-powered sportsbook is expected to launch in Q2 2024.

The Deal Will Reinforce Both Parties’ Businesses

Bingoal’s chief executive officer, Joeri Impens, commented on the matter, expressing his excitement about the new partnership with Kambi. He said that his team cannot wait to integrate the company’s best-in-class sportsbook into its operations and fulfill its goals in the region where it operates.

Kambi’s sportsbook is known for its high level of performance and innovation, and we believe that the addition of its award-winning technology and services will be crucial as we look to fulfill our sportsbook ambitions in both Belgium and the Netherlands.

Joeri Impens, CEO, Bingoal

Kristian Nylén, Kambi’s co-founder and chief executive officer, said that he is delighted to announce this partnership with Bingoal, which he lauded as an “established European operator with a strong brand and a legacy of industry success that spans more than three decades.”

This partnership further establishes Kambi as the sportsbook provider of choice in regulated European markets, and we look forward to supporting Bingoal by driving its online and retail success to new heights.

Kristian Nylén, co-founder & CEO, Kambi Group

In other news, Kambi just proceeded with a $3 million share buyback program set to run until May. The share reacquisition will be conducted over several transactions on the Nasdaq First North Growth Market in Stockholm.

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Golden Nugget Biloxi Partners with DraftKings to Launch High-Tech Sportsbook https://kenowizard.com/2023/11/29/golden-nugget-biloxi-partners-with-draftkings-to-launch-high-tech-sportsbook/ https://kenowizard.com/2023/11/29/golden-nugget-biloxi-partners-with-draftkings-to-launch-high-tech-sportsbook/#respond Wed, 29 Nov 2023 20:44:37 +0000 https://kenowizard.com/2023/11/29/golden-nugget-biloxi-partners-with-draftkings-to-launch-high-tech-sportsbook/ Golden Nugget Casino Biloxi has joined forces with DraftKings, unveiling plans to transform their current sportsbook into a cutting-edge retail space, set to open its doors in January 2024. Golden Nugget Powers Up Mississippi’s Gaming Scene with $1M Investment The collaboration between Golden Nugget Casino Biloxi and DraftKings promises an unparalleled sports betting encounter, marking [...]

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Golden Nugget Casino Biloxi has joined forces with DraftKings, unveiling plans to transform their current sportsbook into a cutting-edge retail space, set to open its doors in January 2024.

Golden Nugget Powers Up Mississippi’s Gaming Scene with $1M Investment

The collaboration between Golden Nugget Casino Biloxi and DraftKings promises an unparalleled sports betting encounter, marking a significant shift in the landscape of entertainment in Mississippi. Chett Harrison, the general manager of Golden Nugget Casino Biloxi, conveyed his enthusiasm for the project, expressing that their team takes pride in announcing the inclusion of the DraftKings Sportsbook at Golden Nugget Casino Biloxi.

According to Harrison, the upcoming sportsbook will occupy half of the former buffet space. He added that the remaining half will be left unused for the time being and is currently utilized as overflow meeting space when needed.

The revamped sportsbook will boast a sleek design with three video walls featuring state-of-the-art LED screens. The viewing area will offer VIP and stadium seating, creating an ambiance of luxury for patrons. The $1 million investment aims to provide a grand setting for sports enthusiasts, complete with around 40 comfortable lounge chairs, making it a prime spot to catch playoff games and the Super Bowl.

DraftKings Integration Elevates Golden Nugget Biloxi’s Sportsbook with Cutting-Edge Features

DraftKings’ influence on the current sportsbook is evident, as the technology and features available on the DraftKings Sportsbook app have seamlessly integrated into the Golden Nugget Casino Biloxi’s offerings. Customers can enjoy the convenience of Same Game Parlays, prop bets, and various in-play betting options.

Michael Kibort, senior director of retail sportsbook operations at DraftKings, commented on the collaboration, stating: “The Golden Nugget Casino Biloxi is known for providing customers with a luxurious entertainment experience. We look forward to opening the doors to the newest addition to the property with a state-of-the-art retail sportsbook.”

While the new sportsbook is under construction, the current sportsbook and kiosks, including those at Michael Patrick’s Sports Bar & Grill, continue to operate using DraftKings technology. The commitment to a safe and responsible gaming experience remains a top priority, with DraftKings actively participating in industry associations like the American Gaming Association (AGA) and the National Council on Problem Gambling (NCPG).

The launch of the DraftKings Sportsbook at Golden Nugget Casino Biloxi is anticipated to set a new standard for sports betting in Mississippi, offering a blend of technology, luxury, and a thrilling gaming experience for patrons.

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Fanatics Confirms Sportsbook Launch in West Virginia https://kenowizard.com/2023/11/18/fanatics-confirms-sportsbook-launch-in-west-virginia/ https://kenowizard.com/2023/11/18/fanatics-confirms-sportsbook-launch-in-west-virginia/#respond Sat, 18 Nov 2023 03:27:10 +0000 https://kenowizard.com/2023/11/18/fanatics-confirms-sportsbook-launch-in-west-virginia/ The global digital sports platform, Fanatics Holdings, announced that its subsidiary, Fanatics Betting and Gaming, rolled out its sportsbook for the regulated gambling market in West Virginia. Announced Thursday, the launch promises the most rewarding online sportsbook in the state, offering supreme entertainment and experiences. Thanks to the launch, Fanatics Sportsbook is now available for [...]

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The global digital sports platform, Fanatics Holdings, announced that its subsidiary, Fanatics Betting and Gaming, rolled out its sportsbook for the regulated gambling market in West Virginia. Announced Thursday, the launch promises the most rewarding online sportsbook in the state, offering supreme entertainment and experiences. Thanks to the launch, Fanatics Sportsbook is now available for visitors and residents in West Virginia with Android and iOS devices.

The launch of the new sportsbook comes after earlier this year, Fanatics Betting and Gaming confirmed the acquisition of the US assets of PointsBet. Announced back in August, the acquisition helped strengthen the operator’s footprint in the country. At the time, Fanatics confirmed its plans to migrate PointsBet’s customers to its new Fanatics Sportsbook mobile app.

As a result of the new launch, West Virginia customers who previously had an account with PointsBet can now use the same credentials to access the Fanatics Sportsbook. Such customers can use their username, password and account balance, as well as settings related to responsible gambling and rewards points when accessing Fanatics’ betting app.

The launch of Fanatics Sportsbook comes after recently, the company inked a partnership with Paysafe, the leading payments specialist. Announced earlier this week, the collaboration saw Fanatics tap into the company’s traditional card payments and alternative payment methods.

The New Sportsbook Offers a Plethora of Features

As the newest sportsbook in West Virginia, Fanatics’ mobile betting app offers exciting new features. Sports fans and bettors alike can benefit from the sportsbook’s technology that was built natively on Android and iOS, ensuring supreme experiences thanks to quality services, high speed and intuitive design.

Fanatics Sportsbook also claims it is the most rewarding mobile app in the state with its FanCash – The Currency of Sport, an engaging loyalty program that allows dollar-for-dollar conversions as well as access to sports merchandise. Additionally, the mobile app grants customers a chance to earn 5% FanCash on same game parlay bets, 3% on parlay bets, as well as 1% on straight bets and odds boosts.

Sports bettors that use Fanatics Sportsbook can also access an industry-leading search that offers search history, searching via alias/synonyms for events, markets and leagues. Powered by Genius Sports Limited, the sportsbook is one of the first that offers live streaming with BetVision. Thanks to the live streaming functionality, the sportsbook enables customers to access live streaming and place wagers via the same app.

Another feature that underlines the quality of Fanatics’ sports betting app is its personalization. The sportsbook features trending bets, special promotions and rewards that fit the profile of each individual bettor.

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IGT Launches IGT PlaySports-Powered Sportsbook in Puerto Rico https://kenowizard.com/2023/11/11/igt-launches-igt-playsports-powered-sportsbook-in-puerto-rico/ https://kenowizard.com/2023/11/11/igt-launches-igt-playsports-powered-sportsbook-in-puerto-rico/#respond Sat, 11 Nov 2023 06:42:14 +0000 https://kenowizard.com/2023/11/11/igt-launches-igt-playsports-powered-sportsbook-in-puerto-rico/ Leading global supplier of entertaining and responsible gaming, International Game Technology PLC (IGT), has announced it would strengthen its sports betting foothold in Puerto Rico through a newly signed deal with Ponce Plaza Hotel & Casino.  The multi-year agreement will allow the Ponce-based casino to harness IGT PlaySports’ premium technology and trading advisory services to [...]

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Leading global supplier of entertaining and responsible gaming, International Game Technology PLC (IGT), has announced it would strengthen its sports betting foothold in Puerto Rico through a newly signed deal with Ponce Plaza Hotel & Casino

The multi-year agreement will allow the Ponce-based casino to harness IGT PlaySports’ premium technology and trading advisory services to power PlayBets by Ponce Plaza, the pioneer casino brand-led retail and mobile sportsbook.

Ponce Plaza, “Thrilled to Expand” Strategic Alliance with IGT

Ponce Plaza Hotel & Casino’s general manager, Ramon Muñoz, took the opportunity to praise IGT as their “valued” supplier of gaming equipment in the past few years while expressing their thrill for extending their “strategic alliance” with the launch of the up-and-coming sportsbook powered by IGT PlaySports. 

Muñoz also mentioned the way Ponce Plaza Hotel & Casino has successfully catered to the needs of the local community since 2008 while expressing pride for becoming the first operator in Puerto Rico to manage and operate its own sportsbook

Domestic sports aficionados can expect to enjoy a top-tier experience with backup from a trustworthy and well-known local operator.

IGT’s president of sports betting, Joe Asher, announced their excitement to assist the casino operator with adding the “valuable new player acquisition tool” and delivering “the excitement of multi-channel sports betting to fans in the region.” 

Using IGT’s comprehensive trading advisory and risk management services and proven technology, Asher further explained, Ponce Plaza can expect to attract a large number of customers to the premises and improve their overall hotel experience. 

IGT’s professional team of experts based in the US offers on-call expertise for all aspects of daily sportsbook operations, featuring risk advisory, odds-making, and localized promotions and pricing.

Over 90 North American Gaming Venues Powered by IGT PlaySports

IGT PlaySports received the award for Sportsbook Supplier of the Year at the SBC North America Awards in 2023

At the moment, the leading business-to-business sports betting supplier that offers flexible and innovative solutions to commercial gaming, tribal, and lottery operators is powering sportsbooks spread across over 90 gaming venues in North America

In February, Betfred announced it would launch IGT’s PlaySports-powered sportsbook in Nevada. The following month, the Global supplier of gaming and lottery solutions announced it would increase the number of PlaySports kiosks in Ohio with the help of BetSkybox.

At the end of April, IGT launched its PlaySports-powered retail sports betting solution with Tama-based Meskwaki Bingo Casino Hotel in Iowa.

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Circa Sports Plans to Operate Sportsbook at Silverton Casino https://kenowizard.com/2023/11/04/circa-sports-plans-to-operate-sportsbook-at-silverton-casino/ https://kenowizard.com/2023/11/04/circa-sports-plans-to-operate-sportsbook-at-silverton-casino/#respond Sat, 04 Nov 2023 06:00:41 +0000 https://kenowizard.com/2023/11/04/circa-sports-plans-to-operate-sportsbook-at-silverton-casino/ The fast-growing sportsbook, Circa Sports, continues to expand its presence in Nevada. Besides the state, the sportsbook has established operations in other important markets, including Colorado, Iowa and Illinois. Additionally, Circa is expected to enter the betting vertical in Kentucky as well. Earlier this week, the company made progress in its expansion in Nevada, after [...]

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The fast-growing sportsbook, Circa Sports, continues to expand its presence in Nevada. Besides the state, the sportsbook has established operations in other important markets, including Colorado, Iowa and Illinois. Additionally, Circa is expected to enter the betting vertical in Kentucky as well. Earlier this week, the company made progress in its expansion in Nevada, after a meeting with the gambling regulator in the state, the Nevada Gaming Control Board (NGCB).

On Wednesday, the Board recommended Circa for approval for a license for the operation of the Silverton Casino Lodge, located less than five miles from the famous Las Vegas Strip. At the meeting on Wednesday, the NGCB recommended the operator be approved for licensing to operate Silverton.

Circa confirmed its plans to open a temporary sportsbook at the location early next year, possibly on January 1, 2024. However, to proceed further and expand its presence, the sports betting operator would need to secure approval from the Nevada Gaming Commission as well. This approval, Circa expects to secure this at an upcoming meeting with the Commission scheduled for November 16, 2023.

Once this happens, the operator would be cleared to take over the operation of Silverton. Currently, the venue is operated by Caesars Entertainment’s William Hill. Given that Circa secures the approval from the Nevada Gaming Commission, the company confirmed it will prepare to launch a temporary sportsbook, while the venue undergoes renovation.

Permanent Sportsbook Expected to Open in March

George Assad, one of NGCB’s members, who was recently cited by CDC Gaming Reports, spoke about the benefits of having Circa sportsbook in Las Vegas. On Wednesday, he explained: “You’re a plus for the entire state and certainly for the downtown area and I’m more than thrilled to approve this application and watch you succeed with your expansion of Circa Sports throughout the country.”

The sportsbook would include a substantial renovation of the property and be an investment on our part. We plan on hiring all of the individuals and they’ll be Circa Sports employees.

Derek Stevens, co-owner of Circa Hospitality Group

The revamped Circa sportsbook at Silverton is expected to open its doors just in time for the 2024 March Madness, confirmed this week the co-owner of the Circa Hospitality Group, the company operating Circa Sports, Derek Stevens. He explained that this project includes a significant renovation of the property. Moreover, Stevens said that Circa is prepared for the investment required for this renovation. Finally, he said that the company is also planning to hire the people who would be employed by the new sportsbook.

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GiG Moves for Andrew Cochrane as Platform & Sportsbook CBO https://kenowizard.com/2023/11/02/gig-moves-for-andrew-cochrane-as-platform-sportsbook-cbo/ https://kenowizard.com/2023/11/02/gig-moves-for-andrew-cochrane-as-platform-sportsbook-cbo/#respond Thu, 02 Nov 2023 16:06:40 +0000 https://kenowizard.com/2023/11/02/gig-moves-for-andrew-cochrane-as-platform-sportsbook-cbo/ The 2012-founded leading iGaming technology company that supplies products, services, and solutions to iGaming operators, Gaming Innovation Group (GiG), has announced the appointment of ex-DraftKings and SBTech executive Andrew Cochrane as its new chief business officer for Platform & Sportsbook.  The move, which will see the new CBO work together with Platform & Sportsbook’ recently [...]

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The 2012-founded leading iGaming technology company that supplies products, services, and solutions to iGaming operators, Gaming Innovation Group (GiG), has announced the appointment of ex-DraftKings and SBTech executive Andrew Cochrane as its new chief business officer for Platform & Sportsbook. 

The move, which will see the new CBO work together with Platform & Sportsbook’ recently appointed chief executive officer Richard Carter for a second time, represents an important milestone in the tech supplier’s plans for growth. Cochrane took it to his social media to announce his excitement about the appointment.

Cochrane, a “Prominent and Highly Respected” Industry Figure 

Described as a “prominent and highly respected figure within the industry” by GiG, the new CBO is expected to bring his rich experience and proven track record of driving revenue growth and shareholder value to the table and help support the company’s success. 

Further augmenting its choice, GiG mentioned the pivotal roles that Cochrane played in driving revenue growth for SBTech where he spent almost two years and occupied the chief commercial officer and chief business development officer positions

GiG’s new CBO was also part of the executive team that led the DraftKings business combination which eventually resulted in the NASDAQ listing of the combined business in the spring of 2020.

The customer relations expert who engages with tier-1 and lottery operators also spent close to four years with DraftKings Inc. as senior vice president commercial

There, he inked a series of strategic partnerships “with over $50-$100 million in annual partnerships” while busy guaranteeing the best-in-class commercial rates for services and products required by the company’s verticals including Sports Betting, Daily Fantasy Sports, and iGaming

Cochrane was also Sporting Solutions’ key account director and sales director between July 2015 and July 2017. He was also Inspired Gaming Group’s global account director with the key responsibility of delivering the agreed service-level agreements and key performance indicators of the contract with the company’s largest leveraged buyout customer, William Hill

Speaking about their previous collaborations, CEO Carter expressed his delight in having Cochrane “onboard to help propel our commercial efforts to unprecedented heights.”

What the New Position Brings 

Together with Carter, the new CBO will focus on powering growth for the company’s innovative product suite via fresh agreements in growth global markets while strengthening its position as a leading option for turnkey solutions.

Cochrane will implement GiG’s commercial strategies across its iGaming platform, as well as across its sportsbook and Artificial Intelligence-based solutions. The list will include business development, partnerships, corporate development, and marketing

His journey with GiG will begin with selecting and attracting some of the brightest industry pros who can help them unlock all the opportunities that await in GiG’s worldwide addressable markets.

At the start of October, GiG announced it would assist Goldenpark with making its entrance into Ontario’s online market. Earlier in the year, in May, the tech company extended its partnership with bet365.

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Kambi’s Sportsbook Technology to Power Two LiveScore Group Brands https://kenowizard.com/2023/10/30/kambis-sportsbook-technology-to-power-two-livescore-group-brands/ https://kenowizard.com/2023/10/30/kambis-sportsbook-technology-to-power-two-livescore-group-brands/#respond Mon, 30 Oct 2023 22:17:58 +0000 https://kenowizard.com/2023/10/30/kambis-sportsbook-technology-to-power-two-livescore-group-brands/ The leading provider of sports betting technology and solutions, Kambi Group, announced a new long-term agreement with LiveScore Group of companies. Under the terms of the new strategic long-term collaboration, Kambi agreed to power the Group’s sportsbooks, LiveScore Bet and Virgin Bet brands across the globe. Per the new deal, the provider agreed to supply [...]

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The leading provider of sports betting technology and solutions, Kambi Group, announced a new long-term agreement with LiveScore Group of companies. Under the terms of the new strategic long-term collaboration, Kambi agreed to power the Group’s sportsbooks, LiveScore Bet and Virgin Bet brands across the globe. Per the new deal, the provider agreed to supply its cutting-edge sports betting platform, along with a suite of award-winning products and managed services.

Thanks to the new deal, the Group’s brands will benefit from Kambi’s Bet Builder, as well as artificial intelligence-powered trading solutions and products. Moreover, thanks to the deal, the brands will leverage engaging tools that impact positively customer acquisition and engagement, enabling them to deliver even more exciting and unrivaled experiences.

Utilizing Kambi’s leading solutions, LiveScore Bet and Virgin Bet brands across the globe will strengthen their sports betting offering and continue growing. For Kambi, besides expanding the reach of its products, the latest strategic deal is expected to bring revenue starting in the second half of 2024. At the same time, Live Score Group hinted at plans to continue growing its presence in collaboration with Kambi, strengthening its footprint in strategic markets across the globe.

The Deal Represents an Exciting Moment for the Duo

Sam Sadi, LiveScore Group’s CEO, revealed that the company is delighted to join forces with Kambi, a leading provider of sportsbook solutions and technology. According to him, the new partnership will propel the company’s growth within the sports betting vertical. “By combining the strengths of Kambi’s technology with LiveScore Group’s world-class sports betting brands, media assets and in-house product teams, I believe we are ideally equipped to create truly memorable experiences for our users,” explained Sadi in conclusion.

We are thrilled to join forces with Kambi, the premier independent sportsbook provider, as we look to accelerate our growth in the global sports betting market.

Sam Sadi, CEO at LiveScore Group

Kristian Nylén, Kambi’s CEO and co-founder, shared the excitement of LiveScore Group’s boss. He explained that LiveScore is the perfect partner for Kambi, considering its strong presence across the betting sector and solid leadership team. Last but not least, Nylen predicted that the agreement would bring benefits for the two companies.

In partnering with Kambi and integrating our sportsbook, LiveScore Group will have the quality and trusted sportsbook it requires to fulfil its ambitious growth plans and we’re delighted to be supporting them on that journey.

Kristian Nylén, CEO and co-founder at Kambi

Currently, Virgin Bet and LiveScore Bet have a strong presence in the regulated gambling market in the UK, among other key markets. According to the Group, the rollout of the Kambi-powered sportsbook for its brands is expected at some point in Q1 next year.

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Brazil Sets Stringent Requirements for Sportsbook Operators https://kenowizard.com/2023/10/30/brazil-sets-stringent-requirements-for-sportsbook-operators/ https://kenowizard.com/2023/10/30/brazil-sets-stringent-requirements-for-sportsbook-operators/#respond Mon, 30 Oct 2023 18:47:42 +0000 https://kenowizard.com/2023/10/30/brazil-sets-stringent-requirements-for-sportsbook-operators/ Brazil’s Ministry of Finance has released a comprehensive set of requirements for sportsbook operators intending to enter the regulated market after its establishment. All interested operators must express their intent within 30 days to expedite the process. The new regulatory framework is now under Senate review after approval in the lower house earlier this year. [...]

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Brazil’s Ministry of Finance has released a comprehensive set of requirements for sportsbook operators intending to enter the regulated market after its establishment. All interested operators must express their intent within 30 days to expedite the process. The new regulatory framework is now under Senate review after approval in the lower house earlier this year.

Players Will Receive Vastly Improved Protections

The Ministry of Finance’s Ordinance No. 1,330 outlines general rules for sportsbook operators, focusing on several crucial aspects, including responsible gambling, payment procedures, and marketing standards. Companies wishing to operate legally in the country must obtain a grant set at BRL30 million ($6 million), valid for three years.

One notable requirement is the prohibition of granting concessions to companies with shareholders, directors, and corporate members who are athletes, sporting officials, or directors of national sports teams. This move aims to mitigate conflicts of interest, particularly after the soccer match-fixing scandal that recently impacted Brazilian sports.

To promote responsible gambling, operators must restrict access to their platforms for individuals under 18. They must also implement safer gambling tools, including daily time limits, loss limits, self-exclusion options, and time-out periods. These measures aim to protect Brazilian consumers, curb addiction rates, and promote safer gambling practices.

The Bill’s Financial Aspect Remains Hotly Contested

The document also introduces strict advertising regulations, especially near schools and universities. Promotional material in such educational settings cannot suggest that gambling leads to personal success or improved financial conditions. Operators are not allowed to let players use third-party payment methods, and all industry advertising must be based on social responsibility and awareness, carrying the message “Play Responsibly.”

Despite the substantial improvements to player safety, the new legislation faces significant criticism regarding its taxation updates. The Brazilian Institute of Responsible Gaming spoke out against the planned tax increase of 18%, arguing it could hinder Brazil’s nascent sports betting industry, hampering its growth and competitiveness with gray market operators. Such a tax burden could significantly hurt the regulated sector, causing reduced investments in essential fields.

Since the document is a government ordinance, the rules have immediate effect, leaving little room for further discussion. Overall, Ordinance No. 1,330 represents a significant leap forward in Brazil’s efforts to impose order on its gambling industry. However, the country must demonstrate its ability and willingness to enforce its new rules, ensuring violators and illegal operators receive swift punishments.

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Kambi Agrees to Power 711’s Sportsbook in the Netherlands https://kenowizard.com/2023/10/08/kambi-agrees-to-power-711s-sportsbook-in-the-netherlands/ https://kenowizard.com/2023/10/08/kambi-agrees-to-power-711s-sportsbook-in-the-netherlands/#respond Sun, 08 Oct 2023 00:56:03 +0000 https://kenowizard.com/2023/10/08/kambi-agrees-to-power-711s-sportsbook-in-the-netherlands/ Sports betting technology supplier Kambi Group announced a new important long-term agreement Friday. The company revealed that it joined forces with the fast-growing gambling operator in the Netherlands, 711. Under the terms of the new collaboration, the renowned sports betting platform and technology supplier agreed to power the operator’s sportsbook. Thanks to the latest long-term [...]

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Sports betting technology supplier Kambi Group announced a new important long-term agreement Friday. The company revealed that it joined forces with the fast-growing gambling operator in the Netherlands, 711. Under the terms of the new collaboration, the renowned sports betting platform and technology supplier agreed to power the operator’s sportsbook.

Thanks to the latest long-term deal, 711 will gain access to Kambi’s market-leading complete sportsbook solution. This includes the company’s AI-powered trading products and award-winning Bet Builder solution.

Recently, 711 has been enjoying strong growth within the regulated gambling market in the Netherlands. The company holds a license for online gambling in the country and has steadily increased its customer base since its entry last year. Considering the latest deal with Kambi, the fast-growing online casino operator plans to secure an extension to its license, allowing it to offer sports betting services.

To start offering such services, 711 needs to secure approval from the gambling regulator in the Netherlands, Kansspelautoriteit (KSA). Once this happens, the fast-growing operator anticipates leveraging its established brand sponsorship deals with leading Dutch teams, including FC Emmen, Telstar and Excelsior Rotterdam.

The deal with 711 comes after earlier this month, Kambi was selected as sportsbook technology provider for Svenska Spel, a leading Swedish gambling operator. Under the terms of that deal, the company agreed to power Svenska Spel’s online and retail sportsbook, delivering its cutting-edge technology.

The Collaboration Brings Excitement to 711

Gilles de Backer, 711’s COO, spoke about the company’s growth within the online gambling sector since its launch in the Netherlands last year. He revealed that expanding into the sports betting vertical was identified as an important next step for 711. Finally, 711’s COO pointed out: “By partnering with a leading sportsbook provider like Kambi, we are excited to be in a position to provide our growing customer base with a best-in-class product and exciting sports betting experiences.”

711 online casino has achieved strong growth since we debuted in the Netherlands last year and it became clear that sports betting would be an important next step in the brand’s journey.

Gilles de Backer, COO of 711

Kristian Nylén, Kambi’s co-founder and CEO added that the company is thrilled to deliver its services and power 711’s sportsbook in the Netherlands. He added that the latest deal reaffirms Kambi’s position as a leading sportsbook technology provider in one of the important markets on the Old Continent. Finally, Nylén predicted that its technology would supercharge 711’s sportsbook and help them achieve success.

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