Yahoo has acquired peer-to-peer sports betting app Wagr, the first social sports betting operator to receive a license in the US. Wagr’s profit model relies on charging a 5% fee on all bets made by customers who make predictions while other users bet against them. Wagr’s model has attracted investment from several firms such as Greycroft, Pear VC and Seven Seven Six, among others. The acquisition creates an immediate opportunity for Yahoo Sports to expand into new group formats, and Yahoo said that Wagr’s social engagement approach aligns with Yahoo’s fantasy sports platform that has brought together millions of fans for over two decades. Wagr is currently offline, but it will be fully integrated into Yahoo Sports once the acquisition deal is complete.

New Jersey’s online gambling revenue broke the monthly record in March, reaching $165.7m, up 8.4% from the previous record of $152.8m in January, according to data from the New Jersey Division of Gaming Enforcement. The state’s online gambling revenue has grown for 25 straight months, with March’s figures up 17.8% from last year. Casinos Resorts Digital, BetMGM, Party Casino, Party Poker, Pala Casino, Wheel of Fortune Casino, Borgata Hotel Casino and Spa, Golden Nugget, Stardust, BetRivers, and BetWay were the state’s top-performing brands. Overall, online gambling taxes in March contributed almost $25m, while state taxes have risen 12.9% YoY, totaling $69.3m in Q1 2023.

Macau’s hotel and integrated resort operators are expecting a busy May Day Golden Week holiday with hotel occupancy rates expected to reach close to 90%, according to industry experts. The holiday is a traditional one in China and will occur from 1 May to 7 May, with the mainland enjoying a seven-day break. President of the Macau Travel Industry Council, Andy Wu, said that the holiday is likely to be the busiest week in Macau since the COVID-19 pandemic. Over half of the hotels, especially those owned by the six concessionaires, are fully booked, with visitor arrivals expected to exceed the highest single day tally since early 2020.