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New York Gaming Commission approves Fanatics acquisition of PointsBet New York

Licences & markets

The New York State Gaming Commission approved Fanatics Betting and Gaming’s acquisition of PointsBet New York LLC at a meeting on Tuesday, the company said. The unanimous vote clears the transaction, but Fanatics gave no timetable for replacing the PointsBet brand with its sportsbook app. The commission also adopted rules to ban pick’em-style fantasy contests.

Fanatics’ acquisition is cleared, while New York’s adopted rules prohibit pick’em-style fantasy contests.

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New York commission reports September gambling revenue figures

The New York State Gaming Commission reported September gambling figures, according to a report. Land-based gross gaming revenue was $184 million, down 7% from August’s $199 million, while online sports betting handle reached $2.4 billion, up from $1.7 billion a year earlier. Online sports betting gross gaming revenue was $159 million.

Land-based gambling in New York generated $184m in gross gaming revenue in September, a 7% decrease from $199m in August, according to data from the New York State Gaming Commission. Net revenue for the sector was $109.5m, down from $118.9m the previous month.

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