Latest News
ESPN Bet App Takes in More Money Since Dropping Barstool Brand
Penn Entertainment Inc. is taking in more wagers from its new ESPN Bet sports-betting app than it did under the jettisoned Barstool brand, according to analysts and data from several states.
In Maryland, mobile wagers on ESPN Bet jumped to $42.4 million in December from $16.4 million under the Barstool name a year ago, according to state results reported last week. That placed Penn third behind industry leaders FanDuel and DraftKings Inc., and ahead of rivals BetMGM and Caesars Entertainment Inc.
In Iowa, Penn generated mobile sports wagers of $18.8 million in December, more than double the $7.2 million in the year-ago period, according to data released by the state last week.
“Preliminary data suggest the book improved on its predecessor’s small market share — and did so during a key seasonal period,” Brian Egger, a senior analyst with Bloomberg Intelligence, said.
While the ESPN Bet app is off to a fast start, Penn is confronting high costs and entrenched rivals in its quest for a bigger foothold in online gaming.
The casino operator based in Wyomissing, Pennsylvania, originally launched its sports-betting business under the Barstool name, after acquiring the online video and podcast company from sports commentator David Portnoy. After challenges associated with the controversial founder, Penn gave Barstool back to Portnoy and signed a $2 billion deal last year to license Walt Disney Co.’s ESPN brand.
The December numbers follow the strong launch for ESPN Bet on Nov. 14. Penn’s share of sports-betting revenue in November in six states was about 12%, according to Macquarie Group analyst Chad Beynon. That’s up from about 2% for Penn when it used the Barstool name.
“Though still early,” the reports for ESPN Bet are “positive,” Beynon wrote in a Jan. 3 research note. The brand will likely increase betting revenue because it appeals to a wider range of potential customers, including women, he said.
ESPN has been promoting the app on its TV shows, website and other outlets, using the site’s betting odds in stories, for example, rather than other brands.
Latest News
Indian Gaming Association reflects on Anaheim success and looks ahead to San Diego ‘25
The Indian Gaming Tradeshow & Convention and DigitalPlay Summit (DPS) closed its doors in April having seen the busiest show floor in Anaheim, CA yet. The exhibitors and education sessions enjoyed by operators and tribal leaders bode well for a return to San Diego, California in 2025 with iGaming firmly on the radar of many.
With more visitors through the door than 2022’s event in the same location, over 7,000 industry delegates engaged with an impressive roster of major industry stakeholders.
New for 2024 was the DPS which offered attendees the chance to discover development in iGaming and sports betting, expanding the opportunities at Indian gaming’s flagship event.
Leading providers including IGT, Everi, Konami, Playtech, Chalkline, Continent 8, and GBank, as well as other brands such as DraftKings and FanDuel, headlined the DPS and contributed to the over 400 booths that participated in the show.
Education was another key focus across the two days with the most comprehensive seminar program yet. Taking the DPS’ inaugural narrative into the seminar rooms, online casino and sports betting deep-dives were strengthened by a series of sessions examining technologies such as AI and how they can maintain tribal government gaming’s growth.
Another first was the Sustainable Gambling Zone (SGZ) which provided a focal point for the industry’s drive to share best practices and the latest innovations in operating sustainably.
With recent years perforated by challenges concerning the future of sports betting, the 2024 event was dominated by positive talk of the growth potential brought by cutting-edge technology and its deployment across the wider tribal gaming sector, boding well for the ever-present future introduction of iGaming.
Feedback from exhibitors and visitors heralded the evolution of event space that showcased dedicated solutions to pressing issues and trending topics in the industry.
The 2025 Indian Gaming Tradeshow & Convention, taking place March 31 – April 3 in San Diego, California, will once again include the DigitalPlay Summit and SGZ, and is already much anticipated.
Marcus Yoder, Chief Commercial Officer, Playtech USA, said: “It’s a pivotal time for iGaming and sports betting in the US. The conversations we were able to have at DPS with tribal leaders were critical to building the future.”
Gavin Knapp, Senior Director of Sales and BD at Light & Wonder, said: “iGaming is coming. It’s not a matter of if, but when, which is why the content covered at DPS was critical. Tribal markets are vastly important and are a natural extension to the iGaming ecosystem.”
Ernest Stevens, Jr, Indian Gaming Association Chairman, said: “It’s clear from the vast majority of the conversations held in Anaheim that we’re more aligned than ever on the way forward and the manner in which we’re going to get there together.
“Tribal government gaming leads the industry in its passion and responsibility to build and evolve a sustainable gaming infrastructure – giving back to and supporting local communities and future generations. Our annual event provides the perfect platform for sharing that passion and the insight that drives it. I know that next year’s gathering in San Diego will continue in that same collaborative vein and urge everyone who shares our vision to mark it in their calendar.”
Latest News
Pragmatic Play to Participate in CGS Santiago
Pragmatic Play, a leading content supplier to the iGaming industry, is set to participate in CGS Santiago this month, as the provider seeks further inroads across the continent.
The provider is also the standalone Diamond Sponsor at the event, which takes place at Espacio Riesco in the country’s capital, Santiago, on May 29 and 30.
Pragmatic Play is set to attend the event as a renowned actor in the market, for its multi-product offering, comprising Slots, Live Casino content, Virtual Sports, Sportsbook, and Bingo, including fan-favorite titles Gates of Olympus and the popular Blackjack X.
With expo season now in full swing, CGS Santiago marks another conference in the region for the supplier, following its presence at BiS – SiGMA Americas in Brazil, GAT Expo in Colombia, and SBC Summit Rio earlier this year.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Latin America remains a key focus for Pragmatic Play as it gears up to make meaningful connections in Chile, a region full of potential as the iGaming industry continues to evolve in this part of the world. Pragmatic Play is also proud to be a Diamond Sponsor at this year’s expo, showcasing the importance that CGS Santiago represents and the immense opportunities that the two-day event has on offer.”
Endorphina Press Releases
PGS 2024: Endorphina brings Dia de Los Muertos to Lima!
The leading slot game provider, Endorphina, has just confirmed its presence at this year’s PGS Lima event, which will be held at the Jockey Exhibition Center in Lima, Peru, from 12-13th June. This year, Endorphina invites attendees to visit its colorful stand number 65, which will be inspired by the famous holiday, Dia de Los Muertos.
This year, Endorphina’s stand aims to fully embody the uplifting spirit of Dia de Los Muertos while showcasing its revolutionary slot with the same name. In the slot, players encounter the symbolic Catrina, as well as the colored skulls, which represent the true spirit of this festive day. Furthermore, Endorphina has arranged a Mariachi band to entertain attendees, further elevating the Dia de Los Muertos experience.
The Peru Gaming Show is the largest international gaming fair in Latin America, and this year, the event will celebrate its 22nd anniversary. This annual event brings together the top game manufacturers, software developers, and platforms in the world to exhibit their most innovative products and services.
Join Endorphina’s celebration of Dia de Los Muertos at stand number 65, and embrace the ambiance of this year’s PGS Lima from 12-13th June!
-
Latest News6 days ago
RG24seven Virtual Training Collaborates with Gambling Policy Expert Brianne Doura-Schawohl to Offer New Responsible Gaming Courses
-
Canada7 days ago
IBIA and PFA Canada join forces to provide sports integrity education to the Canadian Premier League
-
Latest News6 days ago
Super Group Announces Key Terms of Strategic Transaction to Assume Full Control of its Sportsbook Technology Platform
-
Canada6 days ago
Bragg Gaming Appoints Renowned iGaming Executive Neill Whyte as Chief Commercial Officer
-
Gambling in the USA6 days ago
CasinoWebScripts Hits Milestone with 200 Sweepstakes Casino Games for the US Market
-
Canada6 days ago
IGT to Launch Cloud-based iLottery Solutions for Atlantic Lottery in Canada
-
Gambling in the USA2 days ago
XSOLLA RELEASES QUARTERLY INSIGHTS REPORT ON THE FUTURE OF GAMING AND GAME DEVELOPMENT: A PRELIMINARY ANALYSIS OF SPRING 2024 METRICS AND UPCOMING TRENDS
-
Latin America3 days ago
The Argentine Football Association and Kaizen Gaming announce Betano Liga Profesional de Fútbol