New York

US hip-hop star and entrepreneur Shawn Carter, known professionally by Jay-Z, has launched a bid to open a sportsbook in New York, according to reports in US media.

According to the reports, Mr Carter’s name appears on one of the applications submitted to the NY Gaming Commission requesting approval to set up an online sportsbook.

He is said to be partnering with Michael Rubin, executive chairman of Fanatics, which is one of the world’s largest sports merchandise.

Along with a variety of other ventures, Mr Rubin is also co-owner of the Philadelphie 76ers basketball team.

The revelations of Mr Carter’s involvement in applying for a sports betting licence come after he is said to have made a major investment in Fanatics, which is now expanding into sports betting, iGaming and media.

The Fanatic Sportsbook will be pitted against stiff competition, including from established operators like FanDuel, DraftKings, BetMGM, Caesars Sportsbook, WynnBET in its drive to get approval from the New York Gaming Commission.

The Commission launched a request for applications from mobile sports betting platform providers, incentivising potential bidders under a points-scoring system to offer the state up to and over a 50 per cent share of gambling revenue.

It follows the signing of Governor Andrew Cuomo’s 2022 budget in April, which notably included provisions to allow legal mobile sports wagering in the state.

The budget states that licences will be issued to the two highest-scoring applicants, as long as both would pay the same tax rate, though the Commission is also able to license additional bidders if they are satisfactory.

The selection of successful applicants is due to take place by 6th December.

Continue Reading

Malta-based Glitnor Group searching for a new CEO as David Flynn takes on Board role

2 December 2022
by iGamingCapital.mt

This week, Glitnor Group announced that a planned acquisition of KaFe Rocks was being shelved

GiG signs new deal with Starcasino in Spain

1 December 2022
by iGamingCapital.mt

The agreement has been signed for an initial three-year period

3 Oaks Gaming boosts portfolio output with St8.io collaboration

1 December 2022
by iGamingCapital.mt

The deal with the Curacao-licensed platform will enhance 3 Oaks Gaming’s offering on a global scale

Lady Luck Games Group secures B2B UKGC licence

30 November 2022
by iGamingCapital.mt

'We are now able to provide our premium gaming content to our partners in the world`s preeminent and established market, the United Kingdom'

See more