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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

IAGR announces Toronto as host city for 2025 conference

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Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.

The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.

‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.

‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’

AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’

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Stay tuned for registration details early next year.

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