KeyStar Corp has received a sports betting license to operate ZenSports in Tennessee, with the go-live date set for early June. The Tennessee Sports Wagering Advisory Council unanimously approved the decision. ZenSports’ mobile platform offers both a traditional sportsbook and a peer-to-peer sports betting marketplace, where customers can create their own bets with customized odds and terms. KeyStar plans to submit an application for the peer-to-peer platform later this year. The approval of the sports betting license in Tennessee is an exciting development for KeyStar and the sports betting community. Tennessee has one of the top 10 sports betting markets in the country, and KeyStar has enjoyed working with the Tennessee Sports Wagering Advisory Council throughout the application process. ZenSports will be launching in Tennessee […]

According to analysis by Deutsche Bank, Macau’s mass market gross gaming revenue (GGR) has shown significant recovery, reaching 67% of pre-COVID levels in the three months ending March 31, 2023. This recovery has been crucial in compensating for the ongoing challenges faced by the VIP segment. In comparison, VIP GGR only reached 15% of the levels recorded in the first quarter of 2019, despite experiencing a 56% year-on-year increase. Industry-wide GGR also saw a strong rebound, increasing by 95% year-on-year and reaching 45% of 1Q19 levels. Deutsche Bank analyst Carlo Santarelli further highlighted that Property EBITDA, which represents earnings before interest, taxes, depreciation, and amortization, amounted to US$1.13 billion, equivalent to 46% of pre-COVID levels. However, industry margins decreased from 29.9% in 1Q19 to 25.8% […]

The state of North Carolina is moving closer to legalizing mobile sports betting as the Senate Commerce Committee has approved a bill that would allow mobile sportsbooks to operate in the state. The bill, HB 347, aims to expand the current gambling market in North Carolina. Currently, only retail sportsbooks are permitted in the state. However, if this bill becomes law, it would allow for the introduction of mobile sports betting as well. The bill was initially approved by the House Commerce Committee earlier this year, but concerns were raised about the inclusion of sweepstakes parlors featuring video lottery machines in the legislation. In response to these concerns, the bill has been amended. The amended version now enables the state lottery to license and regulate […]