#3 Weekly Digest – Latest News in US Gambling World
From companies, investors to governments, everyone is showing a keen interest in expanding gambling industry. This is because it is not just a great source of entertainment, but the industry holds the capacity to generate massive revenue.
Here are the top updates with regards to the betting landscape.
DraftKings And MansionBet Extended Their Sports Betting Agreement
DraftKings Incorporation recently announced the renewal of its contract with MansionBet, which is a popular Gibraltar-based sports betting company under the Mansion Group. The latter is one of the leading online gaming providers, consisting of many reputable casino and sportsbook brands. The extended agreement means that DraftKings will continue to provide its B2B technology to MansionBet’s casino and sportsbook platform. The former will also be providing managed services that include payments, anti-fraud protocols, and compliance.
Chief International Officer of DraftKings, Shay Berka said that companies across various jurisdictions are transforming the way fans are communicating with sports. Mansion bet is among the popular tier one operators in the UK market, which is extremely competitive. And this renewal and extension of the contract with them is another staunch example of the value of DraftKings’s B2B technology services.
Furthermore, the CEO of MansionBet, Karel Manasco, said that the B2B platform of DraftKings had been an integral aspect of MansionBet’s success ever since the company has launched. Extending the deal will provide the company with the opportunity to put forward improved horse racing products by leveraging the state-of-the-art platforms and services of DraftKings.
Ever since the launch in 2018, the company has witnessed notable growth, and DraftKings has a part to play in the same. With the renewal of the contract, MansionBet will now harness a suite of APIs by DraftKings and implement it across the sportsbook. This will cater to the expansion of MansionBet’s offering, especially for horse racing. This is because the company will now be getting additional streaming coverage as well as Timeform content from the UK and international tracks.
Spinomenal Newly Branded Roulette is Now Exclusively Available at Shangri La Online Casino and Sports
A brand new game has been added to the already extensive portfolio of Shangri La Online Casino & Sports, which is a leading European Roulette. This distinctive variation of the table game is only available to the player of this online portal. Spinomenal is the brain behind the new table game variation. The playing field of the roulette tout bright blue cloth featuring markings. It appears like a table and is categorized into special bet zones.
Considering that it is a unique version developed exclusively for the Shangri La, the creators have marketed the field with an SL badge. Players have to press the Spin button to start the next round. Consecutively a spinning roulette wheel, including a small white ball, will appear on the screen. The players mainly have to guess the combination of numbers or number where the ball will stop. Moreover, the providers have also extended some interesting options to streamline and speed up the gameplay, including –
- Select the double bets in order to double your bets.
- You can choose the Undo button to remove the last bet you have played in case you bet to change your decision.
- By selecting the button marked Clear All bet, you can delete all the bets you have placed
- There is a Reset button that allows you to place the same bets that you have placed in the last round.
- The Autoplay button has been added to put the roulette on an automatic spinning mode.
- The Turbo mode button enables you to skin all the animation of the spinning roulette wheel and head directly to see the round results.
Shangri La Online Casino and Sports offer an extensive range of services to its users in all verticals, including table games, slots, sports betting, etc. All the games by the company are certified and offer fair results. The online casino also providers customers with live betting that offers the same experience as playing at the land-based casino.
While Widely Embraced, Sports Betting Receiver Smaller Take For State
Two out three voters in Louisiana supported sports betting on the day of the election. However, the money raised for the services is unlikely to support the jackpot. Moreover, the legislation that authorized the vote did not reveal the approximate of who much money it will be able to generate. However, a fiscal note, the part of legislation that addresses the financial implications, was added to different sports betting bills in this year’s beginning.
The bill states that the total tax receipts that the state receives is likely to be relatively small. Furthermore, the note also added that the experience that Mississippi had when it legalized sports betting in 2018 is a strong indication of what might occur in Louisiana.
The executive director of the Mississippi Gaming Commission, Allen Godfrey, said that the year 2019 raised around $3.5 million in sports betting for Mississippi.
Principal associate for The Pew Charitable Trust, Alan Levin, who has also shared his views on the subject, said that the state would be looking at a relatively smaller revenue source. Voters from 55 of the 64 parishes of the states supported the game on November 3, by a margin of over 70%. And the plan was passed with 65% of the vote.
It was evident that many residents consider sports betting as an excellent source of entertainment, particularly in a football-crazed state like Louisiana, and are worried about how it impacts healthcare, education, and other services of the state.
There were only nine parishes that rejected the proposal, and they were mostly from the rural north of the state. The group that supported sports betting was seen promoting its betting on a large scale ahead of the election.
There you have it, top news update from the world of casino and sports betting. Betting across the world is expanding at a tremendous rate. There is always something interesting happening in this realm, and we are dedicated to bringing the latest news. Stay tuned as we bring more interesting and informative information to you next week.
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