Endorsed by Gambling911

The Gambling Beat: Action Network Bought by Better Collective for $240 Mil

Written by:

Gilbert Horowitz

Published on:

May/03/2021

The Gambling Beat: Action Network Bought by Better Collective for $240 Mil

Better Collective, a Denmark media outlet considered to be one of the top developers of educational platforms within the iGaming industry, has announced its intention to buy the U.S. betting-analytics firm Action Network for $240 million.

In doing to, the company says it is seeking more scale in dealings with gambling operators.

How to be a Successful Bookie – Player Acquisition https://t.co/yAYvJB9o3Z pic.twitter.com/PURcqBKsAI
— price perplayer (@priceperplayer) March 26, 2019

This is the latest in a seris of bold moves by betting companies to purchase media outlets tied to the gaming sector.

Last week, DraftKings Inc., a digital entertainment and gaming company, purchased rights to a popular podcast by former ESPN host Dan Le Batard for $50 million.

Mattress Mack Loses $2.4 Million, Steve Kornacki a Winner

The man known as “Mattress Mack” bet $2.4 million on Essential Quality to win this past weekend's Kentucky Derby. That turned out to be a loser.

Jim McIngvale, aka “Mattress Mack”, owns the Gallery Furniture chain in Houston. He's known for placing large bets in the millions.

Of the NBC prognosticators, only the magic election board khaki wearing Steve Kornaki picked the winner of Saturday's race, Medina Spirit. He claimed to have cracked down the numbers, similar to what he does on Election Night for MSNBC, to arrive at his pick.

Kornaki makes it all look so easy.

- Gilbert Horowitz, Gambling911.com

Gambling News

60 Minutes Dives Into MGM, Caesars Ransom Attack of Last Year

A surprisingly young cohort of hackers paralyzed some of Las Vegas’ biggest hotels and casinos last fall, demanding an exorbitant ransom. The FBI and cybersecurity researchers call them “Scattered Spider." Bill Whitaker reported on the story for 60 Minutes Sunday.

'Stop the Sports Betting Tax Hike in Illinois' FanDuel Demands, Other Operators Question Motives

"You’re the ones who gave IL license to ask for more taxes," another operator claims.

Unibet Employees Left in Dark About Sportsbook's Impending Closure: Virginia Shuttered

Customers must pull their funds by May 13. Virginia, who knows? The site there closed on April 11 we were told on April 12. PA customers have a little longer time to work with as they were just informed of a June 21 closure.

Kids Left Alone in Car for Four Hours at Casino Found Playing in the Street

The children were left with a cell phone with a dead battery.

Does the IRS Report How Much I Won at DraftKings?

If you won over a certain amount of money betting at DraftKings, the online sportsbook is obligated to report your winnings to the IRS. DraftKings and other regulated sportsbooks typically require you to provide your social security number during the registration process.