Betway Withdraws Application For Online-Only Sports Wagering License In Illinois
· 2023-10-27

Betway Withdraws Application For Online-Only Sports Wagering License In Illinois

Betway, which was named a finalist for a license in July, also submitted an application during the original online-only licensing process that ended in December 2021, but withdrew during that review process. The supplemental bidding process for one of the state’s three available online-only licenses became necessary after Tekkorp Digital withdrew its application in October 2022. Tekkorp — doing business as Caliente Interactive — was a surprising finalist in April 2022 in a bidding process that is confidential per state law.

The withdrawal by Betway again leaves all three online-only licenses unclaimed. It also again raises the question of whether the $20 million fee for an online-only license is too expensive an entry point despite Illinois being the No. 2 market nationally. Illinois welcomed its eighth mobile operator in late September with the launch of Circa Sports, which was followed by Circa’s retail launch at The Temporary in Waukegan earlier this month.

Fruchter made the announcement regarding Betway’s withdrawal during his general comments, reviewing the timeline of events that led to Betway being moved forward as the only applicant up for consideration during the supplemental process. Fruchter said Betway made the request to withdraw its application “earlier this week,” but he did not state any reasons for Betway’s wiithdrawal.

Further, he did not say if the IGB will have a second supplemental bidding process for prospective operators to submit applications. More than 96% of Illinois’ all-time handle of $25.3 billion has come from mobile and online betting. It has surpassed $1 billion in monthly handle on five occasions.

Fruchter announced the IGB was tabling the initial Management Services Provider license vote for Unibet, which submitted its application to conduct mobile wagering in November 2020. Unibet — which would be tethered to Argosy Casino Alton near the Missouri border and St. Louis area — does have a Chicagoland presence in neighboring Indiana, where it is the mobile sportsbook of Horseshoe Hammond in the northwest part of the state and less than an hour’s drive from Chicago.

熱門文章
哈薩克計劃對線上賭場促銷活動進行處罰
合規與政策
巴西擬將博弈稅率提高至24% 稅收將用於社保與醫療領域
合規與政策
亞洲遊戲市場觀察:15大市場熱門遊戲與用戶趨勢
網路遊戲
JILI 宣佈與全球板球傳奇 AB de Villiers(ABD)達成重磅戰略合作
體育遊戲
2027 Global Game Connect(GGC)斯里蘭卡招商全面啟動!業務人脈盡在掌握!
灰度頭條
菲律賓網絡賭博和加密貨幣仍構成持續的洗錢風險
東南亞資訊
西班牙監管機構警告在線賭博平臺存在身份盜竊行為
合規與政策
越南博彩管控逐步放寬,惟本土需求仍顯乏力
東南亞資訊
英國確認各垂直行業的賭博稅稅率
合規與政策
菲律賓博彩技術賽道迎來新變局,B2B 供應模式加速滲透
東南亞資訊
斯里蘭卡博弈產業大轉型,官方:劍指南亞拉斯維加斯
合規與政策
超級PAC籌資4800萬美元:體育博彩勢力加碼
合規與政策
印度最高法院受理公益訴訟,要求全國禁封「偽裝」成社交遊戲的賭博平台
合規與政策
新澤西州7月博彩收入創6.06億美元新高,頒布禁令
合規與政策
橫跨全球6個城市,灰度8場派對邀你共看世界盃,重塑高質量社交新場景
灰度頭條
首頁
遊戲
合作
發現
我的