Carnival to Launch “Ocean Sportsbook” Sports Betting During Cruises

Looking to get a piece of the digital sports betting action that has been swiftly gaining in popularity over the past year or so, Carnival (NYSE: CCL) (NYSE: CUK) announced today it plans to launch a new Ocean Sportsbook aboard its Princess cruise line. The digital betting app is under development in partnership with Miomni Online Gaming Solutions, an experienced British company with an American branch in Las Vegas.

a hand holding a cell phone: Carnival to Launch "Ocean Sportsbook" Sports Betting During Cruises

© Provided by The Motley Fool
Carnival to Launch “Ocean Sportsbook” Sports Betting During Cruises

Since national laws regarding sports betting only extend over the territorial waters of a country, Carnival’s Ocean Sportsbook will be available anytime the cruise ships are in international waters. Availability inshore will vary depending on the laws of the specific area the ship is sailing through or visiting. Since Miomni also provides geo-fencing technology, this will likely be used to switch the sportsbook on or off by location.

a hand holding a cell phone: The hands of a woman using the Ocean Sportsbook app on her smartphone.

The hands of a woman using the Ocean Sportsbook app on her smartphone.

The service will be available on Princess MedallionClass ships sometime in 2021, once Princess resumes operations. A company press release recently noted its cruises won’t resume overall until late April or early to mid May this year, though a handful are potentially postponed as far out as 2023. The MedallionClass ships are already outfitted with MedallionNet Wi-Fi and other advanced digital services and entertainment, making it easier to launch a new online service with the sports betting app.

Jan Swartz, president for Princess Cruises, said the Ocean Sportsbook ensures “a cruise vacation no longer means being disconnected from a big game.” The company cited Zion Market Research figures indicating the sports betting market is growing at an 8.33% compound annual growth rate worldwide, and should reach approximately $155 billion in 2024.

Gallery: 8 Winning Stocks to Make Money in 2021 (The Motley Fool)

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool recommends Carnival. The Motley Fool has a disclosure policy.


10 stocks we like better than Carnival

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Carnival wasn’t one of them! That’s right — they think these 10 stocks are even better buys.

See the 10 stocks


*Stock Advisor returns as of November 20, 2020


Continue Reading

Anna C. Knight

Next Post

MDH statements it's seeing increase in COVID scenarios traced to bars, dining establishments, sports

Tue Feb 2 , 2021
Credit score: Elvert Barnes by way of Flickr It is been virtually a thirty day period because Minnesota’s COVID-19 mitigation steps permitted bars and places to eat to reopen at a limited indoor potential, together with youth sports acquiring back into motion with mandatory masks for all members.  And according […]

You May Like