Sports Betting

Entain Partnership with TAB New Zealand Receives Government Approval

 The HALLO ECHO
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  Entain plc announced that its strategic partnership with TAB New Zealand (TAB NZ) has received approval from the New Zealand Minister for Racing. As announced on 28 March 2023, the 25-year strategic partnership terms include a total consideration payable by Entain and an ongoing gross profit share arrangement. Subject to conditions of completion, the…

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Sports Betting Bill Gets Support of Vermont Senate

 The HALLO ECHO
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  Vermonters will likely be able to place legal bets on sporting events starting in January. Currently, Vermont is the only state in the Northeast that does not allow online sports betting. But the Senate advanced legislation last week to change that. Under the bill, the Department of Liquor and Lottery would administer the program…

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Entain Fined in Australia for In-Play Betting Breaches

 The HALLO ECHO
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  The media and communications watchdog for Australia has penalized the local branch of global online casino and sports betting behemoth Entain after the enterprise was found to have accepted illegal wagers on an LIV Golf event. The Australian Communications and Media Authority (ACMA) revealed that it has ordered Entain Proprietary Limited to pay an…

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ClutchBet goes live in second US state, with licence granted in Colorado

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  Australia-based international online wagering provider, BlueBet Holdings Ltd, announces that it is now live in Colorado, its second US state, having launched under its ClutchBet B2C brand after being licensed by the Colorado Department of Revenue. The launch in Colorado, ClutchBet’s home state in the US, follows Iowa which went live in August 2022.…

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OKTO brings frictionless and responsible payments to German Sports Betting with Regulatory Approval

 The HALLO ECHO
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  OKTO’s wallet solution has been granted approval by Germany’s gaming regulator, Die Gemeinsame Glücksspielbehörde der Länder (GGL), allowing sports betting operators to use the innovative e-wallet payment service in Germany. This is another testament for OKTO, enabling its customers to offer now a frictionless, mobile-first and phygital payment journey that meets regulatory requirements. The company’s…

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Brazilian Football Confederation Requests Ministry of Finance to Modify Sports Betting Regulations

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  The Brazilian Football Confederation (Confederação Brasileira de Futebol; CBF) has filed a request with the Ministry of Finance to modify sports betting regulations so that football clubs would receive a higher percentage of revenue from sports betting. In its proposal, the CBF also proposed that the government consider the financial transfer of money from…

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