The SBC Weekly Digest for 11/10/19

Your weekly roundup of the most popular articles from SBC News, SBC Americas, CasinoBeats, Insider Sport & Payment Expert.

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Good week for…

Following the release of its Q3 report, GVC noted an encouraging start to its US activities following the launch of the BetMGM mobile app in New Jersey

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Churchill Downs Incorporated has announced the completion of the $46m transaction to acquire all outstanding equity of the Florence, Kentucky, located Turfway Park.

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Bad week for…

Petfre, trading in Gibraltar as Betfred, has been forced to pay £322,000 as part of a ‘regulatory settlement’ after it was found to have ‘shortcomings in the application of its AML controls, policies and procedures’.

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Financial giant PayPal has announced it has decided to withdraw all of its involvement with Facebook’s proposed digital currency Libra.

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“We shouldn’t look at innovation just for the sake of it but must take into account regulation and compliance. We must also look at the players needs – that what we think works does actually work.”

Ewa Kazmierska, Chief Operations Officer, LVBet

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The number of years that MGM Resorts International has sponsored Las Vegas’ annual Pride parade, returning this year to sponsor the 22nd annual event.

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World Rugby has accrued over 654 million video views across its Rugby World Cup social media platforms over the first fortnight of Japan 2019.

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Bookmakers across Ireland are set to receive a €50,000-a-year relief from the 2 per cent tax levied on betting in the Republic, as confirmed in the 2020 budget earlier this week.

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Data from Adweek has shown that MLS social media platforms have generated over 2.2bn impressions during the 2019 regular season.

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Experience or re-experience some of the highlights from September’s Betting on Sports & CasinoBeats Summit as industry delegates converged on London.
Recommended Reading
Payment Expert rounds up some of the comments from the recent Payment Expert Forum, focusing on the ‘necessary evil’ of payouts when entering a new market

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CasinoBeats’ roundtable interview looks at the importance of streaming as a marketing tool, and the role of affiliates in promoting new video slots.

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Speaking with SBC ahead of G2E, Better Collective brand ambassador Morten Andersen outlined his contribution to the company’s US strategy, as well as giving his own assessment of the newly regulated sports betting market.
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FSB CEO Dave McDowell explains that the UKGC review of FSB has somewhat soured a period of fantastic growth for a company that takes such pride in “compliance, integrity and a commitment to regulated markets”.

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