The Push to Get Ohio Sports Betting Up and Running by 2023

The Push to Get Ohio Sports Betting Up and Running by 2023

Ohio sports betting is now a reality after Ohio became the 33rd state to legalize gambling online and in brick-and-mortar locations last December, moving the state into the new reality of widespread sports betting in America. More than $52.7 billion was wagered in sports bets in America last year, up over 200% more than in…

Virginia Nearly Sets a New Sports Betting Handle Record for December

Virginia Nearly Sets a New Sports Betting Handle Record for December

The Virginia Lottery released its sports betting report to close out its first year of entering the industry. The handle exceeded $400 million for the third consecutive month, nearly topping the record. However, operators saw a decline in revenue due to the user-friendly results for the month.

Wynn Resorts to Sell its Online Sports Betting Business at a Steep Discount

Wynn Resorts to Sell its Online Sports Betting Business at a Steep Discount

Las Vegas-based casino giant Wynn Resorts may be in the works of selling its online sports betting unit Wynn Interactive at a very steep discount of $500 million. The reason behind this potential move is due to the number of losses, taxes, and promotion costs to stay competitive in the industry.

PlayUp Bolsters U.S. Exec Team

PlayUp Bolsters U.S. Exec Team

PlayUp has secured an investment of USD $35.0 million from Sam Bankman Fried’s crypto exchange, FTX, in Q4 2021. This financing round will be used primarily to accelerate PlayUp’s U.S. market access.

In addition to their investment in PlayUp, FTX has been actively investing in partnerships and endorsement deals in the sports and esports arena over the past twelve months.

SharpLink Gaming Acquires FourCubed
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SharpLink Gaming Acquires FourCubed

SharpLink has acquired certain assets of FourCubed for total consideration of $8.15 million, which consists of $6.5 million in cash and the issuance of approximately 600,000 restricted ordinary shares of SharpLink. The transaction also provides for an earn-out payment of up to approximately 600,000 additional restricted ordinary shares based on the acquired business achieving specific agreed-upon performance benchmarks.