Remember, diamonds are only lumps of coal that stuck to their jobs.
—B.C. Forbes
13th July 2018  
 
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The Story

Numbers from New Jersey Division of Gaming Enforcement show the state’s licensed wagering operators generated just under $3.46m in revenue since June 14, but this figure has some caveats.

 

Monmouth Park claimed the bulk of sports betting ‘revenue’

The word revenue is in quotation marks because for one, the $3.46m revenue includes just over $1m in pending wagers on ‘future events’ and $1.2m of “unredeemed winning wagers/adjustments.” Stripped of these numbers, the revenue figure shrinks to $1.2m–representing a hold rate of 7.8% on total betting handle of $16.4m.

Monmouth Park racetrack claimed ‘revenue’ at just under $2.3m while Borgata and Ocean Resort Casino claimed $987k and $193k, respectively.

 
 
 
 
 
 
 
 
 

Commission-free Bitcoin Cash trading makes its way to Robinhood Crypto

The much-hyped Robinhood crypto trading exchange has announced support for Bitcoin Cash (BCH), in a move that is being welcomed by the cryptocurrency community.

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  ASIA
Macau’s DICJ denies Canidrome appeal for 4-month extension

The Macau Gaming Inspection and Coordination Bureau has thumbed down the request to delay the closure of its Canidrome for four months, reiterating that the greyhound racetrack must be closed by July 20.

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Casino construction still off-limits in Boracay, Philippine official says

Philippine Interior OIC Secretary Eduardo Año said that the government will not allow the construction of any casino once the world famous beach opens to the public on October 26.

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  EUROPE

Italy’s Di Maio says new gambling sponsorship deals are invalid

Labor Minister Luigi Di Maio warned that sponsorship contracts between gambling operators and sports teams that were executed after the approval of the ‘Dignity Decree’ last July 2 will be voided.

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UK competition watchdog probing Stars Group, Sky Bet union

The Competition and Markets Authority refused to divulge why it has conducted an investigation on The Stars Group's acquisition of Skybet.

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  NORTH AMERICA

Virginia, Florida post record lottery sales in FY17-18

Virginia and Florida both scored record lottery revenue during the fiscal year 2017-2018 thanks to patrons who tried to win a Mega Millions jackpot of $393m and a $700m Powerball prize.

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  WORD OF THE DAY
 

Iframe – refers to an HTML document that is inside another HTML document on a website. Iframes are commonly used to embed content from one source to another web page.

 
 
 
 
 
 
 

Only two weeks until SBWA 2018

Businessmen and gaming professionals curious about the growing betting and iGaming sector in West Africa should not miss the 4th Annual Sports Betting West Africa Summit that will be held at the Eko Hotel and Suites in Lagos Nigeria from July 24-26 2018.

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Congratulations to Phil Hellmuth for his record 15th World Series of Poker win! The seasoned poker player won the $5,000 No-Limit Hold’em (30-Minute Levels) and bagged the $485,082 first prize.
 
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