Operator News
FANTASY SPORTS & ESPORTS
DraftKings has announced the release of financial results for year ended December 31, 2019. In a statement Jason Robins, co-founder and Chief Executive Officer of DraftKing said it had been “a transformative year for the company.”
In a major development in the U.S. betting rights landscape IMG ARENA has secured the rights to provide U.S. sports betting operators with live streams of select out-of-market National Hockey League (NHL) games via the operators’ digital betting platforms available in legalised markets.
Freddie Longe, EVP and MD of IMG ARENA, said, “Te NHL is a highly-valued asset in our portfolio, and we are proud to expand this successful partnership to offer one of the largest U.S. sports to our growing customer base of sportsbooks...”
Steve McArdle, NHL Executive Vice President of Digital Media and Strategic Planning said: “We are excited about the expansion of our international relationship with IMG ARENA into the U.S. Te NHL has taken a progressive approach to sports betting, and this live game streaming opportunity with IMG ARENA provides another innovative touchpoint for fan engagement.”
MGM Resorts has announced a number of new sports betting experiences across its Las Vegas properties as well as the launch of BetMGM in Nevada. In partnership with Roar Digital, LLC – MGM Resorts' joint venture with GVC Holdings – the launch of BetMGM in Nevada includes a state- of-the-art mobile betting app, the rebranding of MGM Resort's sportsbooks, and more than 100 gaming kiosks across MGM's Las Vegas properties.
"MGM Resorts has emerged as a leader in sports betting, striking significant partnerships with professional sports leagues, expanding our market reach and harnessing best-in-class mobile technology from Roar Digital, powered by GVC," said Scott Butera, President of Interactive Gaming for MGM Resorts. "Beyond sports, we continue to offer new and exciting amenities at our properties as we've found our sport bettors appreciate world-
class hotels, restaurants and entertainment; BetMGM allows us to incorporate them into the ecosystem of everything MGM has to offer."
BetMGM offers bettors in Nevada the possibility of playing from their phones, in person at MGM Resort's sportsbooks, or from gaming kiosks. Both the app and gaming kiosks offer the full offer of wagering guests can find at the sportsbook,
William Hill and the Grand Traverse Band of Ottawa and Chippewa Indians, a federally recognised Indian tribe, have announced a long- term partnership. William Hill will be the exclusive provider of online sports betting and online casino gaming throughout Michigan, with plans to open a retail William Hill Sports Book at Turtle Creek Casino & Hotel this year, pending regulatory approvals. Te agreement follows the signing of legislation in December 2019 legalising both sports betting and online gaming in the state.
Te William Hill Sports Book will be located in the current Onyx Sports Bar at Turtle Creek Casino & Hotel, with a satellite location at Leelanau Sands Casino. Both are expected to open prior to the 2020 football season, pending regulatory approvals. William Hill plans to launch Online Casino Gaming and Online Sports Betting when permitted under Michigan regulations.
“We are pleased to have found a great partner in the Grand Traverse Band of Ottawa and Chippewa Indians and look forward to working with the Tribe to bring a leading retail and online sports betting experience to sports fans in Michigan,” said Joe Asher, CEO of William Hill US. “Michigan will be a key state in William Hill’s U.S. expansion due to its large population and deep rooted-sports culture with so many popular college and pro sports teams.”
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Robins highlighted the launch of products in six new states and combination with Diamond Eagle and SBTech to become a public company. Te company achieved net revenue of $323M for the full year, a 43 per cent increase over 2018. DraftKings is the Official Daily Fantasy Partner of the NFL and PGA Tour as well as an Authorised Gaming Operator of the MLB, NBA and XFL.
Te first fantasy sports licences have been issued in Ohio. Fantasy sports operators FanDuel, DraftKings, Yahoo Fantasy Sports, StatHero and Fantasy Golf’s OG have all been granted permission to operate by Te Ohio Casino Control Commission.
In 2018, Ohio passed House Bill 132 a law that gave regulatory oversight of fantasy sports gaming to the commission. Trough the Act, the General Assembly expressly defined fantasy contests and exempted those contests from the criminal gambling prohibitions.
Te Act also granted the Commission jurisdiction over all those involved with fantasy contests, including the ability to license, regulate, investigate, and penalise operators. Te law also provides several important consumer protection measures. A number of other operators are expected to be granted a licence soon.
Progress is being made in New Jersey on an esports betting bill. Legislation that will give esports betting the green light has passed an Assembly committee via a unanimous decision. A637 was approved by all seven members of the Assembly Tourism, Gaming & the Arts Committee meaning that it will now go before the Speaker for consideration. Assemblyman Eric Houghtaling said that it would provide a boost to state coffers.
“It’s important for our state to capitalise on this rapidly growing industry in order to both give our residents what they want and boost our economy. With online sports betting now legal in New Jersey and a large number of people already interested in this type of gaming, the time is right for us to expand legal wagering beyond traditional sports.”
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