FOX Sports Becomes Official Wagering Partner of NYRA Bets

Fox Sports and New York Horse Racing Association (NYRA), a subsidiary of Fox Corporation, announced Fox Sports as an official partner for Nyra Bets and has announced an expanded partnership agreement that will be the elite thoroughbred race premier media provider for the next 10 years. 。

In the Fox Sports and NYRA media rights agreements, Fox Sports subsidiaries were launched in 2016, and the main pr e-betting platforms that can be used by 30 states of the United States Nyra Bets, LLC (NYRA). It provided an option to acquire 25 % of BETS). Fox Sports subsidiaries will exercise the option until the summer of 2021, waiting for the final approval of the regulatory authorities.

The recently announced transactions will provide Fox Sports subsidiaries a future opportunity to increase the ratio of Nyra gambling.

Horse racing was safe and continuously operated while live sports around the world were confused in unprecedented years. NYRA's betting achieved a record growth in 2020, and new fans participated in horse racing by viewing an unmatched relay in the Fox Sport s-affiliated network. With the dramatic expansion of the TV broadcast, NYRA's betting created $ 225 million in 2020, increasing more than 100 % compared to 2019.

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"The extremely rapid expansion of NYRA's betting business and ADW's digital betting marketplace is an ideal opportunity for Fox Sports to deepen investment in both the Premier Media Rights and the growing sports betting industry. NYRA Betting. With investment options, FOX has now established a unique status with a strategic owner in the digital business of horse racing, sports betting, poker, and casinos. I am convinced that Nyra gambling will continue to grow.

Dave Ork, President and CEO of Naira, emphasized the importance of partnership with Fox Sports not only for New York but also for US sports.

"Fox Sports has shown a commitment that has not been shared in sports for the past five years. The strength of the partnership with Fox Sports and the continuous expansion of hig h-quality television programs are extremely very useful for New York communities and sports. Dave Ork said, proved to be useful. "

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Interviews

Exclusive interview with WA. Technology: LatAm’s most established iGaming solutions provider

September 9, 2024

With more than 20 years of experience in Latin America, WA. Technology has solidified its position as one of the most notable providers in the continent. In our latest exclusive interview, we spoke to Axel Antillon, Regional Manager for WA. Technology in Latam, about the latest market trends and the level of in-depth personalization that operators need to become true winners with local players.

For those who are not familiar with WA. Technology, can you give us a brief overview of what WA. Technology is?

Of course! WA. Technology is one of the most established providers in Latam with a very long history of success on the continent. With over 20 years of experience on our team, we are now considered one of the "go-to" providers for the full range of gaming solutions that any operator needs to become a true market leader. Our years of experience have allowed us to become fully established with some of the biggest operators in Latam and we fully understand the unique dynamics in each market.

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We are very fortunate that our team is made up of top-level professionals in almost all of Latam's major markets, each with extensive experience in the B2B gaming industry. We believe this puts us in a very good position not only to understand each country's specific requirements, but also to provide the best turnkey solutions to our partners in the region. Our long history of success and local traditions in Costa Rica are proof of this.

Costa Rica and Mexico are two of WA. LATAM's first technology markets. Costa Rica and Mexico are two of WA. LATAM's first technology markets.

Costa Rica is where our journey finally began. But it is actually Mexico that has proven to be the main platform for our expansion in the early days of WA. Technology. There are several reasons for this.

Needless to say, sports, and especially gambling, are deeply rooted in Mexican culture. The gambling market has been regulated since 1947, and players are very familiar with gambling products. From an operator's perspective, this ultimately means that they don't have to spend time educating their team on the different types of products available.

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Looking at market forecasts for the next five years, revenues are expected to reach $3. 09 billion (USD) by 2029, which is very promising. Also, according to data from Zendesk Consultancy, 4. 2/10 Mexicans regularly participate in games, while the average in Latin America is 3. 5.

This market has proven to be a great platform for us to expand further south, following our great success in Brazil and Ecuador. Next are definitely Peru and Colombia, but more on that later.

Currently, you are one of the most prominent providers on the continent, but what do you think about market trends and growth in countries outside Brazil? And which country is the best example of regulation?

Starting with Mexico, we see a large amount of activity in both the lottery and casino segments. Both segments are hugely popular with players. Another trend is the growing penetration of mobile. Of course, this trend has always been seen in big cities, but now it is spreading rapidly to rural areas, and with the shift from retail, we are taking full advantage of this trend. Of course, this preference for early technology experience makes Mexico a very attractive proposition for operators, and we are driving it.

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In Peru, hig h-tech young people tend to prefer mobile betting than retail and desktop. This is an interesting diagram for us, considering that retailing was dominant before, but the situation is changing rapidly. Looking at the population statistics, the market has a rapidly growing middle layer, and many of them are not only familiar with betting products, but also enjoy traditional sports, casinos, and ESPORTS.

From the viewpoint of B2B, the framework of Peruvian regulations is also very advantageous, and the government's regulatory authorities are highly evaluated. The law, which was introduced in 2023, is a strong foundation for people to invest in the market, enter the company, and to make a successful lon g-term operation.

Ecuador regulations are also very advantageous for good business. The free approach has enabled operators to provide a wide range of betting products, reducing black markets that players cannot protect themselves. Although this country has not been seen by many people, it is definitely a remarkable country.

Next is Colombia. Colombia is the first market in Latin America and has grown greatly since the Internet was regulated by Coljuegos in 2016. The rich celestial culture is definitely a brilliant example of "the market has been performed correctly", along with the acceptance of gambling. Colombia is a country that is already accustomed to bingo and lots, but it is still possible to grow at a strategic level. Live casinos are also particularly popular her e-Coljuegos estimates that it has already taken 8 % of the market in 2023.

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Peru and Mexico are very popular markets in recent news. What do you think is the main USP here?

In Mexico, there is an office in the reporma, the center of Mexico City. Our legal team in charge of this market has a wide range of knowledge about local regulations, and can support operators from the Secretary de Gobernación (Ministry of Home Affairs). < SPAN> in Peru, hig h-tech young people tend to prefer mobile betting compared to retail and desktop. This is an interesting diagram for us, considering that retailing was dominant before, but the situation is changing rapidly. Looking at the population statistics, the market has a rapidly growing middle layer, and many of them are not only familiar with betting products, but also enjoy traditional sports, casinos, and ESPORTS.

From the viewpoint of B2B, the framework of Peruvian regulations is also very advantageous, and the government's regulatory authorities are highly evaluated. The law, which was introduced in 2023, is a strong foundation for people to invest in the market, enter the company, and to make a successful lon g-term operation.

Ecuador regulations are also very advantageous for good business. The free approach has enabled operators to provide a wide range of betting products, reducing black markets that players cannot protect themselves. Although this country has not been seen by many people, it is definitely a remarkable country.

Next is Colombia. Colombia is the first market in Latin America and has grown greatly since the Internet was regulated by Coljuegos in 2016. The rich celestial culture is definitely a brilliant example of "the market has been performed correctly", along with the acceptance of gambling. Colombia is a country that is already accustomed to bingo and lots, but it is still possible to grow at a strategic level. Live casinos are also particularly popular her e-Coljuegos estimates that it has already taken 8 % of the market in 2023.

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Peru and Mexico are very popular markets in recent news. What do you think is the main USP here?

In Mexico, there is an office in the reporma, the center of Mexico City. Our legal team in charge of this market has a wide range of knowledge about local regulations, and can support operators from the Secretary de Gobernación (Ministry of Home Affairs). In Peru, hig h-tech young people tend to prefer mobile betting than retail and desktop. This is an interesting diagram for us, considering that retailing was dominant before, but the situation is changing rapidly. Looking at the population statistics, the market has a rapidly growing middle layer, and many of them are not only familiar with betting products, but also enjoy traditional sports, casinos, and ESPORTS.

From the viewpoint of B2B, the framework of Peruvian regulations is also very advantageous, and the government's regulatory authorities are highly evaluated. The law, which was introduced in 2023, is a strong foundation for people to invest in the market, enter the company, and to make a successful lon g-term operation.

Ecuador regulations are also very advantageous for good business. The free approach has enabled operators to provide a wide range of betting products, reducing black markets that players cannot protect themselves. Although this country has not been seen by many people, it is definitely a remarkable country.

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Peru and Mexico are very popular markets in recent news. What do you think is the main USP here?

In Mexico, there is an office in the reporma, the center of Mexico City. Our legal team in charge of this market has a wide range of knowledge about local regulations, and can support operators to get a license from Secretary de Gobernación (Ministry of Home Affairs).

You can also support your partner in terms of integration, including pay gateway. In addition, we belong to the Mexican gaming association, Aieja, and helps them connect the operators and multiple different vendors. In addition, we also understand the players' preferences and cultures. We know how to reach the new audience, what the players want and how they should be realized. Localization is the key to our strategy in each Latin American market, and Mexico is no exception.

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This market is the market we have been watching for many years. We have been investigating this market a wide range of ways to fully understand how competitive is dominant and how it can provide better services. In fact, the regulatory authorities have received 145 license applications only at the pr e-registration stage!

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For the past five years, the Peruvian gaming industry has continued to grow two digits, including casinos, sports betting and lottery. According to market data, the country's online gambling market revenue has reached $ 314. 8 million this year, which is expected to grow to $ 43. 5 million by 2028. If the market continues to grow at this pace, it is a great opportunity for Wa. s. a. It's a great opportunity for technology!

Pelue, along with Brazil and Colombia, will definitely be one of our major target markets for the next few years. I'm really looking forward to what these markets bring to us!

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In a nutshell, it is localization. This is absolutely necessary in any market, but especially in Latin America, individual jurisdictions are very unique.