Latest News
Fanatics to Acquire PointsBet’s US Assets for $150M
Fanatics’ aim to launch sports betting in a dozen states by the start of the NFL regular season got a boost Sunday night.
Fanatics is paying $150 million cash to acquire PointsBet’s US operations, the companies announced in a joint statement. The move, which will require approvals by PointsBet shareholders at the end of June and by regulators, will eventually give Fanatics a dozen states where it doesn’t operate now.
“While there are still several steps in the process to complete the acquisition, both parties are confident in the outcome,” PointsBet and Fanatics said.
PointsBet will retain its Australian and Canadian operations. The company hired an investment firm last month to explore a sale of the assets Fanatics agreed to acquire.
Fanatics Betting and Gaming’s app is currently in a wide beta in Tennessee and Ohio. It is expected to roll out mobile gaming in Maryland, where it launched the first sportsbook inside an NFL stadium at the Commanders’ FedEx Field earlier this year, and Massachusetts in the coming weeks.
Fanatics, a private company valued at $31 billion, won’t just take over PointsBet’s states. Still, the sports merchandise manufacturer and retailing giant also gets risk management and trading software in the deal.
Once the transaction becomes final, it is expected that Fanatics will integrate that tech, including code from PointsBet’s 2021 acquisition of Banach Technology, into its betting app. Until then, the PointsBet app will remain operational.
PointsBet’s commercial commitments with NBCUniversal will be transferred to Fanatics as part of the deal, according to the joint statement.
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Gambling in the USA
Clark County residents can bring a friend for free to next week’s Super Bingo $160,000 tournament at the Plaza Hotel & Casino, May 6-8
Home to downtown Las Vegas’ only bingo room, the Plaza Hotel & Casino is offering Clark County, Nevada residents who register to play in next week’s Super Bingo tournament the opportunity to bring a friend for free.
Happening Monday, May 6 through Wednesday, May 8 in the Plaza’s expansive ballroom, Super Bingo is expected to draw nearly 1,000 people from the local Las Vegas valley and across the country and Canada for the opportunity to win big playing fun-filled games of bingo over two days, with a $50,000 super coverall both days while socializing with like-minded bingo players.
Bingo-only registration is $160 per person, and Clark County residents who register can bring a friend for free. Registration is available online at https://www.plazahotelcasino.com/bingo/super-bingo-registration/. Hotel-and-bingo packages start at $300 for a four-night stay with no resort fee.
All Super Bingo players receive one 6-on paper pack for both days, two daubers, free drinks via an open bar at all sessions, boxed lunch both days, and $10 in free slot play after the first day’s session.
The Plaza’s Bingo room offers six daily bingo sessions at 11 a.m., 1 p.m., 3 p.m., 5 p.m., 7 p.m. and 9 p.m. and is located on the 3rd floor. By parking on the third floor of the Plaza’s self-parking garage, guests have convenient and direct access to the Plaza’s bingo room and parking is validated for bingo players.
Gambling in the USA
Kambi Group plc extends Mohegan partnership with on-property sports betting agreement in Pennsylvania
Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has agreed a long-term on-property sportsbook partnership with Mohegan to provide its award-winning sportsbook at two retail locations in the state of Pennsylvania.
The partnership will see Mohegan utilise Kambi’s cutting-edge retail sportsbook offering across more than 20 kiosks in sportsbook locations at Mohegan Pennsylvania and Mohegan Pennsylvania at Lehigh Valley Race and Sportsbook.
The deal further strengthens Kambi’s relationship with Mohegan, which already utilises Kambi’s suite of sports betting products at ilani in Washington, as well as online and on-property in the Canadian province of Ontario at Fallsview Casino Resort and Casino Niagara.
Kristian Nylén, Kambi CEO and Co-founder, said: “With several successful partnerships with Mohegan already in place, we are pleased to agree this new partnership as we continue to build on our strong relationship.
“This latest deal further reinforces Kambi’s position as the sportsbook provider of choice for tribes across North America, and we look forward to our ongoing collaboration with Mohegan.”
Tony Carlucci, President & GM of Mohegan Pennsylvania, said: “Mohegan Pennsylvania is excited to continue utilising the same Kambi technology platform that existed under our Kindred partnership, which will help to create a seamless process as the Sportsbook at Mohegan Pennsylvania fully rebrands later this Spring.”
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