Bowled over
To kick things off, we’ll start in the States, where GeoComply recorded over 80 million betting transactions nationwide over the Super Bowl weekend.
This number represents an increase of 226% versus last year, a rise that can be largely attributed to the expanded legalisation of online sports betting in the US over the past 12 months.
There are 19 states which have fully legalised online sports betting, while a total of 31 states offer sports betting in some form.
No more masks
Nevada, meanwhile, lifted its mask mandate, no longer requiring people to wear face coverings while in public indoor settings, including casinos.
Governor Steve Sisolak published an emergency directive allowing Nevadans to forgo a mask while indoors unless a local jurisdiction still imposes such a requirement.
Quick to follow suit, the Nevada Gaming Control Board (NGCB) issued a notice to licensees stating that gaming establishments will no longer be required to make their patrons and staff don face coverings.
Fairytale of New York
And to round out our stateside news, New York’s Governor Kathy Hochul declared the Empire State’s mobile sports betting market a success, with nearly $2bn in wagers taken during the first 30 days of operation.
Between 8 January and 7 February, the state recorded $1.98bn in handle, while total gross gaming revenue (GGR) amounted to more than $138m.
At a 51% tax rate, this means New York has generated $70.6m to fund programmes that support education, youth sports and more key social services, including problem gambling prevention, addiction treatment and recovery.
Debit or debit?
In the Emerald Isle, William Hill has banned the use of credit cards for online betting in Ireland, as reported by the Irish Independent.
Several major betting companies, however, still accept credit card payments directly in Ireland in contravention of the Irish Safer Gambling Code.
Others that claim not to accept credit card bets reportedly do so indirectly, through apps such as Revolut and Apple Pay.
Oui oui!
Over the Irish Sea and across the English Channel, Francaise des Jeux (FDJ) said 2021 was “très bonne,” posting €2.3bn ($2.6bn) in revenue, up 10% from pre-pandemic levels.
FDJ Group, which operates France’s national lottery, published its financial results for the prior year, reporting healthy revenue and growth figures.
Compared to 2019, the French company’s wagers grew by 11% to nearly €19bn, driven by “strong digital momentum.”
Digital bets now represent more than 11% of total wagers, while across its point-of-sale network, FDJ experienced 5% growth.
Blackstone eyes Crown
In Australia, the board of Crown Resorts unanimously recommended that shareholders vote in favour of the AU$8.9bn (US$6.33bn) offer from Blackstone Inc.
The deal would see the investment business acquire all of the shares in Crown by way of a scheme of arrangement at a price of AU$13.10 cash per share.
The consideration represents an increase in equity value of over AU$845m to the price of AU$11.85 cash per share initially offered by Blackstone in March 2021.
Red sky at morning
And finally, New Zealand’s SkyCity Entertainment Group reported a 145% decline in normalised profit after tax for the six months to 31 December 2021, with normalised EBITDA declining by 69%.
The operator noted that such declines were due to Covid-19 disruptions, saying: “The first half of the 2022 financial year was another challenging period for SkyCity with the company’s financial performance being materially impacted by significant Covid-19 disruptions, particularly in Auckland where the SkyCity Auckland business was closed for 107 days.”
SkyCity Online Casino revenue and earnings did, however, grow over the period, with around 10,000 active customers weekly.