Market research

STATSCORE’s Betting Industry Review 31/10/2022

Spain changes its betting law, ESPN sells controlling stake in X Games, and online betting to go live in Ohio in January. Here’s fresh STATSCORE’s Review!

  1. Spain to reform its betting and gambling laws
  2. Los Angeles’ SoFi Stadium to host CONCACAF Gold Cup final
  3. Online betting goes live in Ohio in January
  4. ESPN sells majority stake in X Games to MSP Sports Capital
  5. Newcastle United partners with Sportsbreaks and Destination Sport Travel

Spain to reform its betting and gambling laws

Spain’s betting market is going to see new regulations, as the country’s DGOJ regulator amends the current law to “improve controls on sports manipulations, betting fraud and expand protections for problem gamblers.”

One of the key parts of the reform will allow Spanish gambling regulator DGOJ to launch a “Global Betting Market Research Service” (SIGMA), which will be a database of “persons involved in illicit gambling activities or betting/gambling related frauds”.

The database is going to provide information to “all entities interested in eradicating fraud and manipulation of sports,” including the police, licensed operators, sports federations, professional leagues, and regional authorities. Learn more

Los Angeles’ SoFi Stadium to host CONCACAF Gold Cup final

The 2023 CONCACAF Gold Cup tournament final will be played on July 16 at SoFi Stadium in Inglewood. The 70,000 venue, which is home to the NFL’s Los Angeles Rams and Los Angeles Chargers, opened in 2020.

“SoFi Stadium is a world-class venue and Los Angeles has hosted so many iconic Gold Cup moments, making this stadium a fantastic choice to stage our 2023 CONCACAF Gold Cup final,” CONCACAF President Victor Montagliani, also a FIFA vice president, said in a statement.

The Gold Cup is the primary football competition governed by CONCACAF, determining the continental champion of North America. Read more

Online betting goes live in Ohio in January

Legal Ohio online sports betting is expected to be available in January 2023. Unlike some US states that ban betting on college sports, the Buckeye State will have no such restriction.

There are three different types of licenses for which online sportsbooks can apply to run online betting in the state.

The industry is clearly attracted to the state with its population of almost 12 million people and popular sports teams, including Cleveland Cavaliers (NBA), Cleveland Guardians (MLB), Cleveland Browns (NFL), Columbus Blue Jackets (NHL), Cincinnati Reds (MLB), and Columbus Crew (MLS). Read more

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ESPN sells majority stake in X Games to MSP Sports Capital

ESPN and MSP Sports Capital have come to an agreement that will see the network sell its controlling interest in the X Games.

X Games is an action sports franchise founded in 1995 that involves sports such as skateboarding, snowboarding, BMX and freestyle motocross.

ESPN will still own a minority, non-controlling position in the competition, while MSP Sports Capital will now assume day-to-day operational control of the X Games. Read more

Newcastle United partners with Sportsbreaks and Destination Sport Travel

Premier League club Newcastle United have entered a new partnership that will see Sportsbreaks become the official training kit partner of the women’s team.

Sportsbreaks.com will also become an official travel supplier, providing official ticket and hotel packages to the club’s fixtures at St. James’ Park.

Destination Sport Travel will support the club with all aspects of the first team and business travel. Read more

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