Author: OnlineGamblingDaily

Betting company 888 announced its finance chief will leave the company after posting a drop in revenues. CFO Yariv Dafna is expected to step down from his role at the end of March. The company said in a statement released Friday that the decision was “mutual,” and confirmed it has begun a search for his successor. The news comes after Dafna served two years in the position and presided over the company’s GBP 1.95 billion ($2.3 billion) purchase of rival William Hill’s operations outside the US, which included 1,500 UK betting shops and online operations in markets such as Italy and…

Aristocrat Gaming announced Thursday it will showcase a new collection of For Sale Link games at the upcoming ICE London showcase. The company will be exhibiting its For Sale Link products at stand S6-250, including Mo Mummy, Ji Cai Hao Yun, and Tian Ci Jin Lu, along with Mighty Cash Ultra and 5 Dragons Ultra. The business will also debut links on Aristocrat’s MarsX Dual cabinets. Chris Rowe, Managing Director of LATAM & EMEA at Aristocrat Gaming, commented: “Our For Sale Link collection is a leap forward for the EMEA gaming market. Now operators can own some of the industry’s…

Euro Games Technology (EGT) announced Friday it has appointed a new director for its office in Spain. Former Codere executive Alejandro Mosquera Rey has taken over the position from Christian Kostovski. Mosquera Rey is a computer engineer with more than 15 years of experience in team leading and management of projects in different sectors, including consulting, IT, legal services, gaming and entertainment.  He worked at Codere for more than 10 years, where he held positions such as Product Manager and Chief Information Officer. He joins EGT “with great motivation and ambition to make the company’s products even more popular and…

The Massachusetts Gaming Commission has voted to approve Fanatics’ request for a temporary sports betting operator license. Commissioners voted unanimously to approve Fanatics for a category 3 sports betting operator license, which will be tethered to Plainridge Park Casino’s Category 1 sports wagering license. Nonetheless, the company will need to undergo a full suitability review by the MGC’s Investigations and Enforcement Bureau, after which it will also be requested to present an operations certificate and meet additional conditions to begin accepting sports wagers.  Approval followed “multiple public meetings” of the MGC where Fanatics presented and Commissioners reviewed the entity’s application. Fanatics…

The Massachusetts Gaming Commission (MGC) has appointed Bruce Band to lead its new sports betting division. The MGC intends to launch retail sports betting at category 1 licensees on January 31, with online and mobile wagering scheduled to follow in March. In addition to overseeing the new sports wagering division, Band will coordinate with other divisions within the MGC including research and responsible gaming, IT, legal, and the Investigations and Enforcement Bureau. The appointment took place at the regulator’s latest meeting, in which Fanatics was also granted a sports betting license. Commissioners voted unanimously to approve the sports apparel giant for a…

Secretary of Commerce Gina Raimondo announced Thursday the appointment of 32 leaders from businesses and organizations in the domestic travel and tourism industry to the US Travel And Tourism Advisory Board. Representing the gaming industry, President and CEO of MGM Resorts International Bill Hornbuckle is one of them.  TTAB members advise the Secretary of Commerce on how government policies and programs affect the travel and tourism industry and offer counsel on current and emerging issues to support the sustainable growth of the travel and tourism industry as the nation’s economic engine.  “Travel and tourism returned with force in 2022 as…

 January 13, 2023 As we were saying goodbye to 2022 amid the coldness of the fall and winter months, Michigan online gambling was just getting warmed up. In fact, both October and November were record months for i-gaming revenue in the state. This despite an overall decline in sports betting from the year before. Total gambling revenue for the state was over $186 million in November, which was an increase of more that 15% from the same time last year. But Michigan online gambling accounted for $145 million, which was a jump of 35% year-on-year. Moving forward, their is reason…

 January 12, 2023 Technically, New York sports betting didn’t operate for the entire calendar year of 2022. Their official launch date was January 8th, meaning that there was one week where they were not up and running… but it didn’t matter. The state was still making sports betting news by the end of their first month in business, and they never looked back after that. And by the time the end of the year finally hit, they had handles $15.8 billion in wagers. And that translated to over $1.3 billion in revenue. Some may remember that New York sports betting…

International Game Technology (IGT) announced Wednesday that its Wheel of Fortune and Powerbucks slots awarded three million-dollar-plus jackpots in the month of December.  On December 8, an online Powerbucks slots player won CAD 1 million playing Wheel of Fortune Latin Getaways in Ontario, Canada. On December 15, an online Powerbucks slots player won CAD 2.1 million, the second-largest jackpot in the history of the product, playing Wheel of Fortune Shimmering Sapphires in British Columbia, Canada.  Finally, on December 31, a Wheel of Fortune slots player won $1.1 million playing Wheel of Fortune 4D at the Three Rivers Casino Resort in Florence,…

Sports betting services provider Kambi Group announced Wednesday it has signed a multi-year agreement to provide its on-property sportsbook technology to Ohio’s Miami Valley Gaming and Racing, a joint venture between Churchill Downs Incorporated and Delaware North. The agreement will see Miami Valley Gaming leverage Kambi’s technology and services to power the launch of the racino’s new retail sportsbook. Miami Valley Gaming is positioned between Cincinnati and Dayton, Ohio. “Kambi’s high-performance sportsbook will complement Miami Valley Gaming’s existing gaming floor with a solution that includes state-of-the-art betting kiosks and Kambi’s unique Bet Builder technology,” the supplier said. The partnership comes as…

Following the successful launch of its online sportsbook in Ohio on January 1, online betting giant bet365 has formally marked its arrival in the Buckeye State by announcing a multi-year partnership with the MLB’s Cleveland Guardians. The partnership arrives as the Guardians are bidding to retain their AL Central title, their first since 2018. With American League Manager of the Year Terry Francona at the helm once again, bet365 is partnering with a franchise “looking to build on a hugely promising 2022, with a successful 2023,” the company noted. With sites live in New Jersey and Colorado, the Buckeye State…

 January 11, 2023 With only 11 months reported for the year so far, the state of Nevada was still able to set a new all time gambling revenue record. The casinos there have collectively brought in $13.5 billion in 2022, which represents a gain of more than 10% from the year before. The month of November helped, as it market yet another with revenues of over $1.2 billion. That market the 21st consecutive month of recorded billion dollar revenue. However, even though the numbers in the state were up as a whole, it was not all good news. Every major…

Cambodia is implementing a new taxation system for casinos, according to local media reports. The Ministry of Economy and Finance (MEF) officially adopted a new tax on gross gaming revenues model on December 30, replacing the country’s previous “lump sum” system, which had been in place for several decades and called for casinos to pay a flat rate on their revenue Commercial gambling businesses are now also required to follow the International Financial Reporting Standards. These are a set of accounting standards that govern how particular types of transactions and events should be reported in financial statements, and were developed…

Gaming solutions provider BETER Live has announced that it is planning to add SoftConstruct’s Fasttoken (FTN) to its list of supported cryptocurrencies.  The inclusion of FTN in BETER Live’s supported cryptocurrencies will start during Q1 of 2023. FTN is the official cryptocurrency of the Fastex ecosystem, as well as the adopted cryptocurrency of betting and gaming software provider BetConstruct.  “FTN is the official cryptocurrency of Fastex ecosystem and the native token of the Fastex Chain developed and curated by leading tech giant SoftConstruct,” Fasttoken’s website describes. “With SoftConstruct’s vast network, over 1 million active users, and 700 partners all over…

Gaming technology provider Win Systems announced Tuesday it has installed its WIGOS casino management system in the Gran Casino de Lanzarote, operated by Grupo Automáticos Canarios and Grupo Orenes in the Canary Islands, Spain.  The company had already installed its CMS in the Gran Casino of Fuerteventura, another property managed by the two groups, a few months ago. This allows the technology provider to “continue to consolidate its position in the Spanish market as a leader in casino management systems” and “to reinforce its strategic growth plan in Europe and the rest of the world,” according to a statement. Currently, WIGOS connects…

Mobile sports betting is nothing but incipient in Arkansas. However, early market figures show the appetite for this form of wagering seems to be growing. Sportsbooks posted their best month yet in November with more than $30.5 million bet on sports, and handle-to-date reports show mobile is beating in-person sports gaming. The Arkansas Legislature’s Joint Budget Committee approved mobile sports betting through the state’s three existing casinos in February 2022. Southland Casino Hotel in West Memphis launched its mobile betting app, Betly, in March. Saracen Casino Resort joined the market in May, with its Bet Saracen app; and Oaklawn Racing…