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STRUGGLES OF THE KANSAS CITY CHIEFS ARE REVERBERATING THROUGH BETTING MARKETS AHEAD OF NFL WEEK 8, ACCORDING TO THELINES.COM

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Any time the Kansas City Chiefs have lost in recent years, it has become the talk of the NFL. But when the Chiefs take a blowout loss and star quarterback Patrick Mahomes gets knocked out of the game, as they did Sunday, the odds market is bound to shift, according to TheLines, which tracks odds in the U.S. regulated sports betting markets.

Last week’s lookahead lines had the Chiefs as 13-point favorites over the hapless New York Giants, according to a consensus of the nation’s largest legal online sportsbooks — including BetMGM, Caesars, DraftKings, FanDuel, PointsBet, SugarHouse, and Unibet. Now the Chiefs are favored by 9.5 points after a 27-3 loss to the Tennessee Titans on Sunday, in which Mahomes left early with an apparent head injury.

After passing concussion protocols, Mahomes will likely not be out long, if at all. But oddsmakers have noticed the Chiefs’ 3-4 start. The reigning AFC champions had opened the season as NFL favorites at +500 to win the Super Bowl, meaning bettors would win $500 for every $100 wagered. The Chiefs enter Week 8 at +1300 to win the Super Bowl, surpassed as betting favorites by seven teams.

“Surprise teams are expected in the NFL, but the Chiefs’ struggles have certainly been one of the league’s most unexpected results so far,” said Brett Collson, lead analyst for TheLines.com. “If Mahomes and the Chiefs get hot, it won’t take long for those odds to shift again. But after losing four of six, the margin for error is narrowing rapidly.”

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The consensus point spreads for Week 8 games, as of Monday, Oct. 25:

Green Bay Packers at Arizona Cardinals (-3.5); over/under 53
Los Angeles Rams (-14.5) at Houston Texans; over/under 47
Cincinnati Bengals (-9.5) at New York Jets; over/under 43.5
Miami Dolphins at Buffalo Bills (-13.5); over/under 48
Tennessee Titans at Indianapolis Colts (-1.5); over/under 49
Pittsburgh Steelers at Cleveland Browns (-3); over/under 42.5
San Francisco 49ers (-4) at Chicago Bears; over/under 41.5
Philadelphia Eagles (-3) at Detroit Lions; over/under 48
Carolina Panthers at Atlanta Falcons (-2.5); over/under 46
New England Patriots at Los Angeles Chargers (-5.5); over/under 47.5
Jacksonville Jaguars at Seattle Seahawks (-3.5); over/under 43.5
Tampa Bay Buccaneers (-4.5) at New Orleans Saints; over/under 50.5
Washington Football Team at Denver Broncos (-3.5); over/under 43.5
Dallas Cowboys (-2) at Minnesota Vikings; over/under 54.5
New York Giants at Kansas City Chiefs (-9.5); over/under 52.5
To access the updated futures lines for every NFL team, and for more analysis, visit TheLines.com/odds/super-bowl. To access Week 8 odds, visit www.thelines.com/nfl-week-8-odds-2021/.

 

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Canada

ComeOn Group adds sportsbook to its offering in Ontario

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ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.

ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.

ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”

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*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)

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BCLC

INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform

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INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.

The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.

INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.

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Canada

Relax Gaming joins forces with PointsBet to strengthen footprint in Ontario

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Relax Gaming, the iGaming aggregator and supplier of unique content, has significantly enhanced its presence in the Ontario market through an agreement with leading Canadian operator, PointsBet.

This partnership reinforces Relax Gaming’s aim to become a standout provider across North America, having already gained early success in Ontario. Relax became one of the first suppliers to deliver content to the region’s players in March 2022, debuting with over 120 games across multiple operators.

PointsBet pride themselves as one of Canada’s leading operators offering unmatched speed, ease of use, and a comprehensive array of pre-game and in-play sports betting options. This is complemented by a top-tier online casino which will now be boosted with the integration of Relax’s portfolio of slots and live dealer options.

With its authentic Canadian approach, PointsBet prioritises technology that minimises external dependencies to maintain control over its platform and has a commitment to responsible gambling best practices, ensuring a safe and secure environment for all players.

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Martin Stålros, CEO at Relax Gaming, said: “Since we launched in Ontario we have enjoyed tremendous success, with our content hitting the sweet spot for the broad range of players in the Canadian province. This partnership with PointsBet will strengthen our presence in the market as the region’s leading operator integrates our rich content portfolio which will engage its player base.”

Scott Vanderwel, Chief Executive Officer at PointsBet, added: “Relax Gaming has established a strong reputation across North America and in Ontario in particular. The impressive range of content that will be integrated into our platform will increase engagement within our online platform and we are delighted to be able to provide more immersive experiences to our audiences.”

Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.

Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.

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