News in the Sports Betting Industry

Magic Johnson Considers Stake in NFL

According to Semafor, NBA icon Magic Johnson is in advanced talks to buy a stake in the NFL’s Las Vegas Raiders. If completed, the sale might set a record for sports franchise deals, according to persons familiar with the matter.

While it is unknown whether Johnson was the investor in question, the $6.5 billion valuation would set a new high in professional American sports.

Johnson has long shown interest in acquiring a stake in the Raiders, and the transaction would carry on the legacy of high-valued football franchises. According to Axios, at least 16 NFL teams are valued at least $4 billion.

World Cup 2022: Finals Schedule

The tournament will begin on Sunday, November 20th, with host country Qatar taking on Ecuador. 

On Monday, November 21, England will play Iran, followed by AFCON champions Senegal taking on the Netherlands and the United States taking on Wales. 

The following are the most important dates for the FIFA World Cup 2022. 

  • November 20: World Cup starts
  • December 3/6: Round of 16
  • December 9/10: Quarter-finals
  • December 13/14: Semi-finals
  • December 18: World Cup final

On Sunday, December 18, the final will be played at the 80,000-seat Lusail Stadium, which has become iconic for football fans across the globe.

Potential Ban for New Zealand OffShore Betting

It is estimated that New Zealand gamblers wager over $650 million per year with offshore operators, and as that amount rises, the TAB will struggle to preserve its stronghold in the New Zealand market. 

This offshore leaking was exacerbated during COVID-19, when TAB agencies were closed for extended periods of time and overseas operators enticed New Zealand players to their applications with betting promotions. 

A new Gambling Act may see $100 million put back into New Zealand racing and sports. While racing benefits the most from TAB earnings due to its higher turnover, the TAB is also one of the most important sources of cash for many New Zealand sports, particularly those involving high-profile foreign contests such as basketball and baseball.