News and Analysis
FuboTV Closes Sportsbook
FuboTV has announced the closure of Fubo Sportsbook immediately due to the current economic climate. The decision was made following an August business review where Fubo recognized the need for a partner. While multiple parties expressed interest, none offered the opportunity for FuboTV to lower its costs and generate suitable returns for shareholders; as such, Fubo Sportsbook will close with immediate effect.
Philadelphia 76ers Secure Multi-Year Greenwood Gaming Sponsorship Deal
NBA team, the Philadelphia 76ers, has extended its partnership with Greenwood Gaming, which operates BetParx and Parx Casinos. The multi-year deal will see both casino brands become the official banner partners of the 76ers and provide โunique experiences and offerings.โ
NJ, MI, and PA Gambling Revenue Keeps Growing Through September
Total gambling revenue figures for September have been released, with NJ, PA, and MI markets continuing to grow. In NJ, total gaming revenue amounted to $485.0m, up 3% on Augustโs figures and 6.9% YoY. Online casino was the biggest grower in the market, with a 10.7% increase YoY, and Borgata Casino leading the way.
In Michigan, total gaming revenue across the month saw a massive 40% YoY increase, with total figures for September hitting $176.5m. Online gaming was up 25.7% YoY, with sports betting up 2.9%.
Meanwhile, sports betting is driving market growth in Pennsylvania, which saw a 7.9% increase in total gambling revenue YoY and a 77.7% increase in sports revenue. The total gambling revenue for the month was $448.5m (up 5% on August). The top-running online casinos in the state were Hollywood and BetRivers Casinos.
Game of the Week
Cash Connect - Voodoo Magic, Greentube, RTP: 95%
This slot promises players a magical and mystical adventure across 5 reels and 243 ways to win. Itโs a brand-new title, released just in time for Halloween, and could see you win a jackpot prize. Plus, thereโs an epic lock & spin feature to enjoy.
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