New York Assembly finally approves betting on daily fantasy sports

After months of hard work, yesterday was finally the day to dream of a legalized system for fantasy sports betting in New York. Yes, you read it right. The New York Assembly approved the ordinance allowing sports betting operators to accept bets on daily fantasy sports. This is being taken as the millstone verdict from the house of representatives who have recently been under lots of pressure from every industry giants including of curse DraftKings and FanDuel to allow such kind of betting within the state itself since Government was losing millions of dollars in tax revenue by forcing bettors to place their bets using offshore fantasy sport betting services providers. In the house, the bill got the approval from 22 members with a strong defense that DFS competitions are not gambling hence they do not violate any federal law while number of members opposing the bill was just nine – a good shortfall of three votes! Now, ball is in the New York Governor Andrew Cuomo’s court who has to sign the bill in next ten days and then fantasy sports betting will officially be allowed inside the New York.

The next course of action for the operators, who are already offering their services in the state, is to apply for a valid license and until then they can temporarily continue offering DFS services until any decision over their application is taken up by the gaming commission and if they are permitted they will be under the revenue tax ambit which is 15% on gross revenue along with additional 0.5% tax subject to a ceiling of $50,000 annually. Notably, only operators who have been in the business since prior to November 10, 2015 will be allowed to continue their services.

Talking about the new bill and how it could convince a majority of House members, Assemblyman J. Gary Pretlow, chairman of the Assembly’s racing and wagering committee and the sponsor of the bill, said on the Newyorkupstate.com website, “We concluded this is not gambling. This is not a violation of the constitution. The legislative findings in this legislature are that this is not gambling, and therefore not subject to the provisions of the constitution. Three and a half million New Yorkers want to participate in these games.”

SIS Expands into Swedish Thoroughbred Racing

Leading racing media rights distributor SIS is pleased to announce that it has expanded its European content portfolio by entering into a partnership deal with Swedish racetrack operator Svensk Galopp in terms of which its races will be broadcast in UK and Irish betting shops for the first time.

SIS will launch its broadcast service for Svensk Galopp by screening eleven races from the inaugural meeting at the newly-built racecourse, Bro Park, scheduled to take place on Sunday, 19th June 2016 as well as the Swedish 1,000 and 2,000 Guineas.

In terms of the agreement, SIS will overlay Svensk Galopp’s live footage of this very important meeting and will provide commentary in English as well as an extensive race day betting service with fixed odds and full race card coverage in the Racing Post betting shop display.

The special broadcast deal entered into with Svensk Galopp will see SIS strengthen its international racing portfolio for UK customers, which also includes content from South Africa, France, Germany and the United States of America.

Brent Dolan, the Head of Horse Racing Content, commented on the new partnership deal by saying that they are tremendously excited to be bringing this distinguished fixture of Swedish thoroughbred racing to their customers for the very first time and that, having never covered any type of horse racing from Sweden before, they are eagerly looking forward to customer feedback on the coverage of the Bro Park meeting as well as the interest that it will generate.

 

Dafabet pens down a sponsorship deal with Burnley

Among the most crowded online sports betting markets, UK is arguably on the top and for this reason every sports betting service provider looks to strengthen its position by shaking hands with every possible partner who could help it in luring bettors to use its services. One of the prominent online betting brand Dafabet is one such operator who has further strengthen its UK presence by signing a sponsorship deal with English Premier League club Burnley. Since EPL is among the most popular annual sporting event with a fan following worth billions, it could help them surge their share in premier league bets which had expectedly crossed billions of pounds last year. The present sponsorship agreement is for the two years, 2016-17 and 2017-18, with a provision to extend it further if both the sides agree over it. Like always, this deal capacitates Dafabet to use its brand logo over the Burnley’s playing jerseys along with using home matches as the prerogative opportunity to market their brand extensively. Apart from the senior team, club junior jerseys will also have a prominent space for Dafabet logo.

Taking it as a great opportunity for both the sides, Burnley’s head of commercial affairs, Anthony Fairclough, said, “This has been a lengthy process, involving many different companies of stature all over the world. It highlights just how far the club has come as a commercial entity across the globe. I am particularly pleased Dafabet have also allowed us to project the good work we do in the community onto a world stage, and we thank them for a vision which mirrored our own.”

As far Turf Moor club is concerted, they recently finished first in the second-tier Championship division hence were promoted to the premier league competition and looking at their last season show, many expect them to deliver a great performance in English topflight as well, hence Dafabet can capitalize the opportunity with the latest multibillion dollars sponsorship deal. Adding about it, Dimitris Karatzas, managing director of online betting and gaming at Dafabet, said: “We’ve been busy in increasing our presence in football and we have no doubt that partnering up with Burnley is yet another step forward, we’ll look forward to supporting the club anyway we can.”

BetoLimp Launches Live Video Streaming

BetoLimp, a leading European online sports betting and e-gaming operator, is pleased to announce that it has launched a Twitch-inspired live video streaming service for the UEFA 2016 European Championships which went live in partnership with Independent Content Services Limited (ICS), a content and digital media specials that is based in Leeds.

The new live “in-play betting” companion video streaming service sees on-demand video content being provided which is presented by a genuine team of individual sports statisticians and experts who analyze in-play betting and cash-out opportunities as well as commentary on the match for football punters for all of the Euro 2016 matches during the 90 minutes of the football game.

The stream, which commences about 5 minutes before kick-off time of the scheduled Euro 2016 football match, ends when the final whistle is blown. Punters will find the service currently available in German and English respective language versions.

Mark McGuiness, the Chief Marketing Officer at BetOlimp, commented on the new launch by saying that they have all seen the explosive growth of real-time in-game video broadcasting on streaming platform Twich, which has helped grow eSports. McGuiness went on to say that if you combine this with the fact that 74% of all internet traffic in 2017 is forecast to be video content along with 65% of video viewers who watch more than ¾ of a video. He added that one then includes in-play and cash-out, the two most popular sports betting products and that it is not rocket science to provide a video-based betting companion entertainment service to meet what punters want.

BetOlimp recently invested in its product with the launch of content from Optima, a Spanish online gambling software provider.

126bet signs up with Betsoft to use its entire gaming range into its offerings

Almost every big online sports betting brand is spreading its arms to cover unorthodox online betting markets these days hence they are shaking hands with leading operators of these regions to enhance their exposure into world sports betting market. Betsoft Gaming is one such online betting operator who has a significant share in European sports betting and now it is eager to increase its exposure in Asian market as well, therefore, it has signed up a partnership with Asia-facing 126bet. Knowingly, 126bet is an Asia dominated online betting service provider and they have long been searching for a partner who could allow them use their entire portfolio to improve their offering so they could lure more and more new plyers and this venture could just be that. Although, complete details of the deal are not yet disclosed, but according to closed sources, 126bet would now be able to use complete suite of online gaming entertainment of Betsoft hence can offer more luring sign up bonus to all the new players looking for a reliable online space.

Apart from normal games, 126bet is now empowered to access range of new table games along with Slots3 collection of 3D video slots including ToGo line of mobile games. Talking about the venture, 126bet’s Ron Page said, “Betsoft games have pioneered animation in the iGaming world. We like the design of the JP games; especially as each JP game has its own separate JP divided by coins which brings fairness to our players.”

Likewise, Joya Zhang of Betsoft also added, “We are already seeing significant growth in our partnership with 126bet. We are very pleased to be partnering with them at this time, and we expect that trend of growth to continue as they become one of the more popular sites serving the Asian market today.”

Looking at the vibes of both the sides, it looks like a profitable deal for both of them as they can now offer common odds to sports predominantly played in Asia like Cricket as Indian bettors are more biased towards Asian betting operators rather moving to western operators.