Monthly Archives: September 2018

EquiLottery Games pioneering new live sports lottery category

Company to Offer Lottery Games of Pure Chance Based on All Live Sports

Louisville, KY – EquiLottery, a gaming company best known for its live horse racing lottery game Win Place Show™, is transitioning its corporate identity and evolving its mission to better serve its lottery customers. Rebranded as EquiLottery Games, the company will expand its pioneering vision for live sports lottery games from a single horse racing product to now include baseball, basketball, football, golf, hockey, soccer and stock car racing.

These games are built on the same patented platform as Win Place Show™, EquiLottery Games’ flagship product based on the results of live horse racing. Win Place Show™ will be launched on a trial basis by the Kentucky Lottery in March of 2019.

“We have always been a future-focused company, leading the way on products that combine the excitement of live sports with the lottery draw experience,” said EquiLottery Games CEO Brad Cummings. “Our original vision was to introduce live horse racing to new fans through government lotteries.  We have now expanded our offerings to include lottery games based on all live sports. This solves a pain point for lotteries by allowing them to offer a form of sports wagering through their existing statutes and retail channels with low-risk games designed to appeal to their player base.”

China’s sports lottery sales show no World Cup hangover

China’s sports lottery suffered no World Cup hangover in August, as sales maintained the explosive growth the sector has enjoyed this year.

On Thursday, China’s Ministry of Finance announced that overall lottery sales in the month of August had exceeded RMB41.8b (US$6.07b), up 19.2% from the same month last year, and a new monthly sales record for a non-World Cup month. For the year-to-date, total lottery sales are up nearly one-quarter to RMB341.6b ($49.6b).

August’s growth was almost entirely due to sports lottery sales, which shot up 36.6% to RMB24b, while the formerly dominant welfare lottery category could manage only a 1.8% rise to RMB17.8b. For the year-to-date, sports lottery sales are up 46.2% to RMB194.2b, while the welfare lottery is up 4.6% to RMB147.5b.

The sports lottery’s remarkable growth is all the more remarkable given that August was well past the conclusion of the 2018 FIFA World Cup, which saw sports lottery sales more than double year-on-year in June and July.

EPL week 7 odds review: Chelsea v Liverpool II; crunch tie for Cardiff

A look ahead at three crucial fixtures in Week 7 of the English Premier League as Chelsea host Liverpool, Man Utd travel to West Ham, and Cardiff and Burnley fight it out for three precious points. 

Liverpool fans have stared at that tatty old polaroid of the ‘good times’ for far too long. Brendan Rodgers gave them a different view a few years back, but Jürgen Klopp is painting a whole new future.

You can feel it.

Seven wins from seven in all competitions had people thinking, “Could it happen?”

Sports Betting at Forefront of Thursday Congressional Hearing: A Little More Conversation, Very Little Action

A House Judiciary subcommittee heard testimony on Thursday from advocates and opponents of the federal government regulating sports betting. The hearing, led by Chairman Jim Sensenbrenner (R-WI), addressed issues related […]

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Nevada casinos really miss Floyd Mayweather, Conor McGregor

Nevada casinos want Floyd Mayweather Jr. and Conor McGregor to know that they’re welcome back anytime, as the state’s August gaming revenue numbers will attest.

Figures released Thursday by the Nevada Gaming Control Board show the state’s casinos generated gaming revenue of $913m in August, down 8.3% from July’s total and 7.7% less than the same month last year, which included the blockbuster interfaith tilt between the aforementioned boxing and mixed martial arts champions.

The absence of high-rollers in town for the fight was most evident on the Las Vegas Strip, where casino gaming revenue slid 12.4% to $477.9m. The only larger decline was at Boulder Strip casinos, which fell 16.3% to $62.2m.

Nevada’s slot machines held up the best under the VIP disappearing act, as revenue dipped only 1% to $618.3m. But ‘table, counter and card games’ fell nearly one-fifth year-on-year to $294.7m, with double-digit declines in most card games, at least, those that cater to a more Western audience.

888 Holdings’ shares tank on weakness in core UK market

Online gambling operator 888 Holdings saw its shares hit their lowest point in over two years after reporting ongoing struggles in its core UK market.

Figures released Thursday show the UK-listed 888’s revenue hitting US$273.2m in the six months ending June 30, a 1% year-on-year improvement. However, in constant currency terms, group revenue suffered a 5% decline.

Adjusted earnings were up 10% to $42.5m – only 1% at constant currency – while actual earnings came in at $70m versus a $7.3m loss in H1 2017. Similarly, adjusted profit improved 13% to $42.5m while actual profit swung to $60.1m from a $17.3m loss in the previous year.

888 was dealing with some significant items in H1 2017, including a $45.3m charge for unpaid VAT in its German operations. 888 also walked away from several newly inhospitable markets, including Australia and Poland, that didn’t help the H1 2018 numbers.

Sports betting heroes battle forces of evil at House hearing

Thursday’s sports betting hearing in the US congress was not unlike The Lord of the Rings, in that the forces of darkness significantly outnumbered the wagering heroes.

Thursday saw the House of Representatives’ Judiciary Committee’s Subcommittee on Crime, Terrorism, Homeland Security, and Investigations tackle the issue of what role the federal government should – or shouldn’t – have in overseeing sports betting activity in the wake of the Supreme Court striking down the federal betting ban.

Subcommittee chair Rep. Jim Sensenbrenner (R-WI) opened the proceedings by noting the lack of any real media presence, given the hearing was taking place at the same time as the Senate’s far more consequential hearing into whether a Supreme Court nominee was a rat-bastard frat-boy rapist.

Sensenbrenner immediately copped to his impartiality on the subject of betting, saying that the “temptation is there to throw games” and unless something – exactly what went unspecified – is done, Sensenbrenner foresaw “a huge amount of trouble in the future” as legal betting spread across the land.