Author: OnlineGamblingDaily

iGaming and sports betting company Rush Street Interactive has shared its financial results for the third quarter of the year. During the period ended September 30, the business delivered revenue of $148 million, up 20% year-over-year, marking a 14th consecutive quarter of sequential revenue growth. However, the firm also posted a net loss of $22.7 million during Q3, which widened from a net loss of $18.9 million during the same quarter last year. The company also noted that real-money Monthly Active Users (MAUs) in the United States and Canada for the quarter grew 31% year-over-year to 130,000 with an average…

iGaming software supplier SOFTSWISS announced Friday the release of a new report that provides insights into cryptocurrencies and their performance across key products. “With less than two months left in 2022, it is safe to say that it has been another year where cryptocurrency has been a hot topic across numerous industries, including the online real money gambling space,” the company said. SOFTSWISS noted that, during the first three quarters of this year, total bets on the supplier’s platform increased by 33.1%, compared to the same period in 2021, showing significant growth of interest in its products.  Further underpinning “the strong performance…

The Malta Gaming Authority (MGA) announced it has launched a closed consultation with relevant stakeholders on a proposed new policy on the use of Innovative Technology Arrangements (ITAs) and the acceptance of virtual financial assets (VFAs), and virtual tokens.  The consultation will run until December 14 and invite input from stakeholders on the MGA plans to introduce new rules and regulations regarding contemplating these areas.  As part of the process, MGA will launch a series of Regulatory Workshops with the intention of introducing “a more regular and structured touchpoint” between industry stakeholders and the MGA, and to encourage “an informal…

Payments solutions provider Sightline Payments announced Friday the launch of its mobile loyalty platform, Mobile+ Powered by JOINGO, at Talking Stick Resort and its sister property, Casino Arizona in Scottsdale. The Talking Stick Resort app serves both properties. Mobile+ gives players access to their Player Rewards Club account, which includes receiving customized rewards, offers, and promotions. Additionally, patrons can book accommodations, make dining reservations, as well as purchase amenities and entertainment directly through the app while earning loyalty rewards for their spending activity. Kirk Olson, SVP of Sales at Sightline, said in a press statement: “We’re thrilled to announce our launch…

After having exercised its option last month to buy the Freedom Center printing plant site to build its Chicago casino, Bally’s is expected to close the deal with owner Nexstar Media Group this month for $200 million, according to local media reports. Once the acquisition is closed, Bally’s plans to sell the 30-acre site in River West and lease it back to raise funds for the proposed $1.74 billion casino complex, as announced during the company’s third quarter earnings call last week.  Bally’s CFO Robert Lavan stated during said call that the Rhode Island-based firm is closed and focused on…

 November 11, 2022 In what seems like a bad joke, baseball legend Pete Rose will soon be betting on sports once again. This time as part of the grand opening of the sportsbook at the Hard Rock Casino Cincinnati. The casino plans to open the sportsbook on January 1st, and Mr. Rose will place the first bet. And no… this is not a joke. The Ohio Casino Control Commission has approved FanDuel, Barstool Sports, and others so that state residents can start betting on sports next year. And when Hard Rock Cincinnati opens their sports betting doors Mr. Rose will…

iGaming software solutions provider Digitain announced Friday it has inked a new deal with game provider Spribe, in order to add their portfolio of Turbo Games to the Digitain operator network. Turbo or Fast Games are described as part of a new category of casino games that allow operators to engage the millennial and generation z demographics “with content that is fun, and social and allows them to bet on their ability to beat the game and cash out at the right moment,” the company noted. Digitain’s International Relations Director, Ashot Sahakyan, explained: “Fast games have been one of our recent hero…

AI-powered sports betting app Sharp App announced its co-founder and COO Jason Mezrahi competed and won $50,000 in cash and prizes pitching the Sharp App to a celebrity panel of entrepreneurs on David Meltzer’s “pitch only” show, the 2 Minute Drill. Hosted by entrepreneur, investor and best-selling author David Meltzer, 2 Minute Drill features entrepreneurs from all walks of life competing each week for more than $50K in cash and prizes. The full episode can be viewed on the show’s website. Five contestants have two minutes to deliver their pitches. During Episode 2, Meltzer was joined on the judges panel by…

Hotel and casino operator Wynn Resorts’s Chief Executive Craig Scott Billings confirmed the group will open a casino at the luxury resort it is building in the United Arab Emirates (UAE), a first for the Gulf Arab region, where gambling has long been off-limits. The casino, first announced in January, will be located on a man-made island off the coast of Ras Al Khaimah and is expected to open in 2026. According to local news, Ras Al Khaimah is currently writing gaming laws for the casino, using Singaporean and US regulations as its foundation, as Wynn Marjan plans its gaming…

Gaming technology company Lottery.com announced the appointment of an existing director, Matthew Howard McGahan, as Chairman of the Board. The business has also appointed two new Board members: Barney Battles and Naila Chowdhury. The appointments come after turmoil over the last months, marred by financial irregularities, a board that was in open civil war and class-action lawsuits. Sohail Quraeshi, Lottery.com CEO, commented: “I would like to welcome all the new directors to the Board, and am delighted at Matthew’s appointment to Chairman. Each of them brings considerable and relevant experience, which will substantially enhance our senior leadership team, compliance, CSR, and strategic…

Graduate students from New York University’s School of Professional Studies joined the creative team from Caesars Entertainment’s Caesars Sportsbook to watch the New York Rangers take on the Philadelphia Flyers at Madison Square Garden. The event was part of the NYU x Caesars Sportsbook Real World graduate school course, which focuses on responsible gaming awareness.  At the beginning of the fall semester, members of the Caesars Sportsbook marketing department and Caesars Entertainment’s corporate responsible gaming team briefed participating students about business strategy and the company’s goals for promoting responsible gaming in New York State, as well as other states where…

Scientific Games announced Wednesday that the company’s Vice President of Responsible Gaming, Carla Schaefer, has been appointed to the National Council on Problem Gambling’s Board of Directors. She is currently the leader of the company’s global responsible gaming efforts, including the Healthy Play program, which provides tools to help lotteries educate their players “about the healthy enjoyment of lottery games.” Schaefer was appointed to the open Organization Member seat on the 15-member NCPG Board of Directors, which helps guide policies and implement strategies that achieve organizational goals. She is the only lottery industry executive currently serving on the NCPG Board. …

Online gaming engagement and conversion solutions provider SharpLink Gaming announced Wednesday that Dave Abbott, former Managing Director of U.S. Sports Media at Sportradar, has been appointed as the new Chief Technology Officer, effective immediately. Building on his 20+ years of experience in technology companies, Abbott brings SharpLink deep technical expertise in customer relationship management software, data integration and architecture, and productization in the sports technology industry, SharpLink noted.  A frequent speaker at sports industry conferences and trade events, Abbott has also volunteered over the past several years as a mentor to CEOs of emerging software companies in association with the Minnesota…

Gaming content and technology provider Inspired has reported its third-quarter results. For the period ended September 30, the company has delivered total revenue of $74.9 million, down 3%. Net income for the quarter amounted to $10.2 million, down from $25 million in the same three-month period last year. Most overall revenue was from services, which came to $69.2 million, while product sales made up the remaining amount at $5.7million. Despite those losses, the company delivered record Virtual Sports revenue of $14.6 million in Q3, 39% up year-on-year. The firm highlighted the growth of its online business, which includes the Virtual…

Aggregator and iGaming solutions provider Slotegrator has recently released its new platform, featuring “innovative modules to help operators succeed in the gambling industry.” Now, the company has released a video on its Youtube Channel, Slotegrator Academy, to introduce operators to the platform’s features, which will “empower online casino platforms “to take their businesses to the next level.” Our new video illustrates the powerful features of our new turnkey platform. 🦾Take a few moments out of your day to see exactly how the new platform from Slotegrator makes the complicated business of running an online casino simple and automated. ⚙https://t.co/rYtHIk2CJN — Slotegrator (@slotegrator)…

As reported by the Ohio Casino Control Commission, Ohio gambling venues have seen a slight uptick during October on the back of strong casino revenue. Casinos and racinos in the state netted $192.2 million last month, 1.8% more than in September. However, it was almost imperceptibly down from last year’s October at $192.8 million. The state’s numbers are based on Ohio’s current 11 properties offering gaming. Year-to-date revenue totals indicate that casinos and racinos fell off slightly in October from September’s increase over the previous year.  Year-to-date, from January 2022 to this past month, total revenue for casinos and racinos…