BetRivers, Chicago Bears Join Forces
Online sports betting firm BetRivers has entered into a partnership with the Chicago Bears.
The Importance of a Having a Good Sportsbook Back Office https://t.co/rs8SBMYASf
— price perplayer (@priceperplayer) June 18, 2021
The multi-year deal with Rush Street Interactive, the Chicago-based gaming company that operates BetRivers and Rivers Casino, makes that site the official sportsbook partner of the NFL franchise.
“We are incredibly excited to announce BetRivers and Rivers Casino as our first multi-year exclusive partner in the Sportsbook and Casino categories,” said Bears President & CEO Ted Phillips, in a statement. “We look forward to connecting with our fans in fun and unique ways through these avenues and couldn’t be prouder to be building this relationship with a hometown company.”
BetRivers and Rivers Casino will receive a mix of prominent in-stadium signage along with digital, social and print assets.
In-person registrations and prohibiting bets on state college teams like the Fighting Illini and Ramblersmake for an enticing environment in which local bookies can operate using Pay Per Head solutions. Regulated sportsbooks in Illinois can only take bets from those 21 and up.
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Final Vote On Single-Game Sports Betting Bill Coming Today In Canada's Senate
If the Senate passes the private member’s bill, only approval by the Royal Assent will be needed before it becomes law. The deadline looms today.
Update on #C218: Debate has ended. There will be no more amendments. The vote is deferred to tomorrow, Tuesday June 22 at 3:30pm. A sincere thank you for your interest, engagement and comments. Your voices have been heard in the @SenateCA. #cdnpoli #nlpoli @KevinWaugh_CPC
— Senator David Wells (@wellsdavid) June 21, 2021
Rivalry Limited, an online eSports and sports betting platform, plans on going public through listing on Toronto Stock Exchange
Rivalry Limited, an online esports and sports betting platform, plans on going public through a listing of its shares on the Toronto Stock Exchange by October.
The Toronto-based firm raised $22 million of so-called subscription receipt financing led by Eight Capital and Cormark Securities Inc., both Canadian firms.
Sporttrade Inc. raises $36 Million to transform sports betting
"Today marks a significant broadening of our coalition to elevate the sports betting industry," said Alex Kane, CEO.
The coalition of investors from both the financial and gaming industries include lead investor Jump Capital, Impression Ventures, Hudson River Trading, Tower Research Ventures, Jim Murren, former CEO of MGM Resorts International and Tom Wittman, former CEO of the Nasdaq Stock Exchange. In addition, Sporttrade issued convertible debt to Nasdaq Ventures in connection with the transaction. Funding will be put towards customer acquisition, expansion into additional states, and continued investment in a diverse, talented team.
"Our mission is to elevate the sports betting industry by applying capital markets principles and technology and to place the customer at the forefront,'' said Alex Kane, Founder and CEO of Sporttrade. "Today marks a significant broadening of our coalition to achieve that mission"
New way to score: The brand new platform shaking up sports betting
CNBC's Contessa Brewer introduces a new way to play the sports betting trade. With CNBC's Courtney Reagan and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Jeff Mills.
Fanatics taps FanDuel CEO Matt King for sports betting and gaming venture
King, who announced his resignation from the sports betting company on May 12 and agreed to stay on until his successor is hired — has lately been in discussions with Fanatics founder and billionaire Michael Rubin, according to multiple sources. Rubin is a partner in both the Philadelphia 76ers and New Jersey Devils.
As a result, Rubin has put King in charge of the company’s gambling and gaming venture, the sources said.
In May, King said in a statement, “It has been a privilege to lead FanDuel over the last four years through what has been an incredibly exciting period for the company. With FanDuel well positioned for the next chapter of its growth and always an entrepreneur at heart, now is the time for me to take on new opportunities as the next step in my career.”
- Gilbert Horowitz, Gambling911.com
