It looks like China is getting closer to living with Covid as many people have begun walking the streets and taking the subway again, pointing towards the country regaining its economic footing. Data from the chief China economist at Macquarie, Larry Hu, shows that major cities have already started their rebound process, passing the “peak” of Covid and looking to be back to almost normal by the end of March. A quote from Hu states, “The dramatic U-turn in China’s Covid policy since mid-Nov implies deeper short-term economic contraction but faster reopening and recovery… The economy could see a strong recovery in Spring.” Last Sunday China formally ended their quarantine requirement for travelers which in turn will lead to an increase in leisure activities like […]

Parent company of Betway sportsbook, Super Group Limited, has just announced the completion of their acquisition of the iGaming company, Digital Gaming Corporation Limited (DGC). DGC is currently operating in seven U.S. states, Iowa, New Jersey, Pennsylvania, Arizona, Colorado, Ohio, Virginia, and Indiana through an exclusive deal using Betway’s brand. A quote from the CEO of Super Group regarding the acquisition states, “We are excited to officially welcome DGC into Super Group. We look forward to working more closely with the team as we apply out proven toolkit to the U.S. With a healthy balance sheet and consistent track record of driving profitable growth, Super Group is well positioned to enter the U.S. market, enhancing out global footprint.”

After the recent launch of sports betting in Ohio, the Vancouver-based GeoComply has just unveiled data for the first weekend of legalized sports betting and to say the launch went successfully would be an understatement. Over the course of New Years weekend, GeoComply recorded 11.3 million geolocation transactions, posting the largest numbers of any U.S. state, including New York. The five states with the highest starting geolocations are, Ohio (11.3M), New York (9.3M), Pennsylvania (8.2M), New Jersey (6.7M), and Michigan with (5.8M). A quote from the SVP of Compliance of GeoComply states, “Today, about 44 percent of the American population can bet online with legal and responsible operators. The launch of regulated online sports betting in Ohio will better protect its citizens, with an increased […]