Recently, Canadian House of Commons members of Parliament Brian Masse and Kevin Waugh brought forward Bill C-218, or the Safe and Regulated Sports Betting Act, as an attempt to legalize single event sports betting in Canada. The legislation would “make it lawful for the government of a province, or a person or entity licensed by the lieutenant governor in council of that province, to conduct and manage a lottery scheme in the province that involves betting on a race or fight or on a single …Continue Reading
Casey Urlacher, brother of Chicago Bears Hall of Fame linebacker Brian Urlacher, was among a group of ten people charged with operating an illegal offshore sports gambling ring on Feb. 20, 2020.
According to the indictment, the alleged ringleader, Vincent DelGiudice, paid a Costa Rican-based sportsbook service a fee to use its online gambling platform. DelGiudice then solicited gamblers to place wagers on the website. To increase the number of gamblers, DelGiudice hired agents, including Urlacher, to enlist additional gamblers in exchange for a cut of their …Continue Reading
With the New Year now underway, sports betting news has skipped the typical holiday lull and continued its deluge into the mainstream.
On the second day of this new decade, the Madison Square Garden Company (MSG) and DraftKings, Inc. announced a renewed partnership. Under this new marketing agreement, DraftKings is set to become the exclusive sports betting and daily fantasy sports partner of MSG – which includes massive market teams, the New York Knicks and New York Rangers.
Notably, this new deal will allow …Continue Reading
Benjamin Bifalco, a 25-year-old former political staffer for a New York State Assemblyperson, was arrested in October 2019 for his role in attempting to rig an NCAA basketball game. He is expected to plead guilty on the charges.
Previously, we reported Bifalco was charged with violating 18 U.S.C. Section 224(a), which makes it unlawful to influence a sporting contest “in any way, by bribery. . . .” Per the indictment, Bifalco is alleged to have “knowingly and intentionally attempt[ed] to . . . influence by …Continue Reading
On October 3, 2019, the U.S. Attorney’s Office for the Eastern District of New York unsealed a series of indictments against alleged crime family La Cosa Nostra (the Colombo Family). Among those arrested were Benjamin Bifalco, an associate of the Colombo Family, and Joseph Amato Jr., the son of an alleged Colombo Family captain Joseph Amato.
Bifalco was charged with violating 18 U.S.C. Section 224(a), which makes it unlawful to influence a sporting contest “in any way, by bribery. . . .” Per the …Continue Reading
Capital One Arena, the home of the Washington Wizards and Washington Capitals, is about to become the first major sports venue in the United States to have a sportsbook.
Monumental Sports & Entertainment, owner of the teams and the arena, announced a partnership with sports betting operator William Hill US. The sportsbook will span multiple floors and be accessible to both non-ticketholders and ticketholders for certain events. Expected to open in 2020, the sportsbook will be open year-round and is accessible to the public from …Continue Reading
Flutter Entertainment PLC, the owner of Paddy Power and FanDuel, announced a $6 billion deal to purchase The Stars Group Inc. (TSG) and become the world’s largest online gambling company.
Flutter, an Irish gambling conglomerate, owns gambling websites Paddy Power and Betfair, in addition to sports betting websites FanDuel, Sportsbet, and TVG. Meanwhile, Canadian company TSG owns the world’s largest poker website, PokerStars, as well as BetStars and Full Tilt Poker.
The combined value of the companies is approximately $12 billion. Further, the combined …Continue Reading
On September 26, 2019, the NFL announced that it has selected DraftKings to be its first official daily fantasy partner. Notably, this partnership deal does not include sports betting.
In a joint statement, the companies stated that their partnership includes “exclusive sponsorship of the daily fantasy sports category with access to NFL branding and more.” NFL Chief Revenue Officer Renie Anderson said, “[d]aily fantasy football has been a tremendous vehicle for fans of all types to deepen their engagement with the NFL.” Over 11 …Continue Reading
With the emergence of widespread sports betting in the USA, we’ve seen the vast majority of the major sports leagues – including the NBA, MLB, and NHL – join forces with sports books, allowing the bookmakers to use live statistics and official licensing on their platforms.
Notably absent from these deals, however, has been the NFL. While ESPNews recently rebranded to show live odds and statistics concurrently with its primary programming, nothing official from the NFL may be shown—the sport is listed as Professional Football, …Continue Reading
Earlier this month, Disney chairman and CEO Bob Iger dismissed any notion that ESPN has plans to fully engulf itself in the sports betting arena.
On Disney’s first-quarter earnings call, Iger was asked whether sports gambling is something that can co-exist within the typically family-friendly Disney Brand. In a somewhat unexpected response, Iger explained that “I don’t see The Walt Disney Company, certainly in the near term, getting involved in the business of gambling, in effect, by facilitating gambling in any way. I do think …Continue Reading