Wire NORTH AMERICA
IBIA Touches Down in US
Te International Betting Integrity Association (IBIA) is launching its integrity monitoring service in the US and Canada.
With the support of FanDuel and DraftKings, IBIA is already protecting over 60 per cent of the regulated US online market from betting corruption.
US SPORTS BETTING
NEVADA – The Venetian Las Vegas and The Venetian Expo announced that funds managed by affiliates of Apollo have completed their acquisition of the operations of The Venetian Resort from Las Vegas Sands Corp. The Venetian Resort is now a private company backed by the Apollo Funds.
George Markantonis, Chief Executive Officer of The Venetian Resort, and the current executive leadership team will continue to lead operations of the integrated resort going forward.
“As a standalone company with the tremendous institutional knowledge and capabilities of our management team and broader workforce, coupled with the strategic partnership of Apollo, we have an exciting opportunity to build on our past successes while capturing future opportunities,” said Markantonis. “We’re very well positioned across all Las Vegas categories – hospitality, meetings and events, gaming, and entertainment – and believe we are well positioned for long-term growth.”
“We couldn’t be more excited for the future of The Venetian Resort Las Vegas and The Venetian Expo,” said David Sambur, Apollo Partner and Co-Head Private Equity. “With restrictions lifting and travel indicators all trending higher, we believe the future for this property and the entire Las Vegas consumer and business tourism market is brighter than ever.”
NEVADA – Caesars Entertainment has signed a multi-year partnership with the Cleveland Cavaliers to make Caesars Sportsbook an “Official Sports Betting Partner” and Caesars Entertainment the “Official Casino Partner” of the team. This partnership includes plans to open a retail sportsbook on the street level inside the Northwest Atrium area of the team’s home venue, Rocket Mortgage FieldHouse, pending regulatory approvals.
“We’re ready to welcome Ohio sports fans into the Caesars Sportsbook Empire, while also making history with our second sportsbook at an NBA arena,” said Chris Holdren, Co-President of Caesars Digital. “Building upon our already established roots with Scioto Downs in Columbus, we’re excited to announce our partnership with the Cavaliers at an exciting time in their franchise’s history. As we prepare to launch sports betting in Ohio later this year, this wide-ranging partnership enables us to connect with the Cavs’ passionate and highly engaged fanbase. Caesars Sportsbook at Rocket Mortgage FieldHouse will be a first-class venue providing an exciting atmosphere for sports betting and more.”
The 10,355sq.ft venue will feature a full-service bar and VIP lounge, an extensive menu, and wall-to-wall TV’s. The costs of these improvements will be paid for entirely by the Cavaliers and Caesars.
P22 WIRE / PULSE / INSIGHT / REPORTS
Te International Betting Integrity Association (IBIA) is launching its integrity monitoring service in the US and Canada. Te launch is being endorsed by FanDuel and DraftKings, and the integrity body has already secured licences in a number of US states - Arizona, Colorado, Indiana, Michigan, New Jersey, New York, and Wyoming - with others pending.
Te North American market is one of the fastest growing in the world and is expected to reach $96bn in handle in 2022, with wagers on Super Bowl topping $7bn for the first time and almost a third through the US regulated sector as compared to six per cent in 2019 (according to H2 Gambling Capital). IBIA’s betting integrity monitoring system will play a major role in ensuring the integrity of the North American market, which is essential to maintaining the continued growth of the industry.
Khalid Ali, CEO of IBIA, said: “IBIA is delighted to announce that we are touching down in the North American market. With the largest customer transaction-based betting integrity monitoring system in the world, we will play a crucial role in protecting and supporting the
Bally’s Environmental, Social, & Governance committee launch
US
Bally‘s has established a Board of Directors for an official committee that will oversee further development of Bally’s Environmental, Social, & Governance initiatives, the ESG Committee.
Robeson Reeves, President Interactive, will chair the ESG Committee, which will also include Soo Kim, Chairman of the Board, Lee Fenton, Bally’s CEO, and Wanda Y. Wilson, an independent director of Bally’s since 2019. Te ESG Committee will be responsible for continuing to formulate ESG strategies and goals, identify and evaluate ESG risks and impacts, and oversee ESG practices at Bally’s.
In addition, Bally‘s recently growth of betting in the US and Canada.”
Ali continued: “IBIA is run by sportsbooks for sportsbooks, and our mission is to provide the best and broadest protective coverage of the market. With the accelerated growth of regulation, existing IBIA members have encouraged the association to extend its global betting integrity coverage to North America, which we are delighted to do.”
IBIA’s monitoring and alert platform is an anti- corruption tool that detects and reports suspicious activity on its members’ betting markets. “Flutter Entertainment have a long successful working relationship with IBIA’s global integrity monitoring system via our existing agreements through international brands and are proud of the collective improvements in the space,” said John Sheeran, Director of Risk and Trading, FanDuel.
“Expanding an excellent working relationship to include integrity monitoring of North American sports and wagering will add another element of trust and security to our sports betting product, which we know is of the utmost importance to our consumers.”
completed a company-wide sustainability audit, which will help shape its long-term ESG strategy. As part of that strategy, Bally’s is preparing this quarter to publish its Sustainability Accounting Standards Board metrics for fiscal year 2021, detailing the company’s ongoing focus on environmental excellence, strong governance and safe operations. Beginning next quarter, Bally’s will begin reporting under the UN Social Development Goals framework.
Robeson Reeves, President Interactive and Chair of the ESG Committee, commented: “Bally’s is committed to expanding its role as a responsible leader in the gaming industry, serving as an integral partner in the communities in which we operate, and providing transparency to our investors and other stakeholders on ESG topics.”
US
FanDuel and the Buffalo Sabres have penned a multi-year partnership designating the operator as an official sports betting partner. Te deal grants FanDuel the exclusive rights to include branding, sports betting odds, and promotions during Sabres broadcasts.
“We’re excited to partner with the Sabres to infuse sports betting content into the hockey viewing experience,” said Mike Raffensperger, CMO of FanDuel Group. “Tis is just the beginning for New York sports fans and partnering with a fellow leader in the sports and entertainment industry lets us collaborate to take things to the next level.”
As part of the partnership, FanDuel will receive end-to-end broadcast integration exclusivity in all phases of Sabres broadcasts, including pregame, in-game, intermissions, and postgame.
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