Author: OnlineGamblingDaily

We knew it would happen. We told you it would happen. Still, the failure of both California sports betting props is not what we wanted to see. We were hoping we were wrong. We were hoping to publish a news story where we apologized for ever doubting them. But in the end, we were correct. Hurray for us. California sports betting props have been soundly rejected by voters in the state. Proposition 26, backed by Tribal gaming, couldn’t even pull 30% of residents voting in favor of the measure. Proposition 27, backed by big sports betting operators, did even worse…

Casino and entertainment giant MGM Resorts has been named a Leading Inclusion Index Company in the Seramount Inclusion Index. MGM described Seramount as “the preeminent organization” for diverse thought leaders to share best practices and develop innovative solutions for cultural change. “This recognition highlights MGM Resorts’ commitment to diversity, equity, and inclusion (DEI) throughout the company,” the group noted in a press release. MGM Resorts is among 36 organizations recognized as a Leading Inclusion Index Companies. Organizations submit data to be measured in three key areas: best practices in the recruitment, retention, and advancement of people from underrepresented groups—women, racial/ethnic minorities, people…

Online gaming developer and licensor Golden Matrix Group announced Tuesday it has acquired the remaining 20% interest in RKings Competitions for a total of 165,444 restricted shares of GMGI’s common stock payable to the two former owners of RKings. Golden Matrix CEO Brian Goodman said: “We are pleased to now have this exciting and successful B2C business as a wholly-owned entity; it is highly scalable and expected to grow quickly in multiple regulated jurisdictions.” “In addition to Great Britain, we expect RKings’ tournament platform to be popular and well-received by participants in Mexico, where it is already permitted to operate; and…

The racino in Warren County has now been added to the growing list of establishments that were approved in Ohio to offer sports gambling when it becomes legal in the state starting next year. Miami Valley Gaming was greenlit by the Ohio Casino Control Commission Wednesday morning. Meanwhile, another racino in the Dayton region announced it will open a sportsbook on its property. Hollywood Gaming at Dayton Raceway was approved for sports gambling in September and expects to kick start its operations on the same day sports wagering goes live in the state, on January 1, through a Barstool Sportsbook. Construction…

US sports betting giant DraftKings has reported a third-quarter revenue increase of 136% to $502, outperforming the previously provided estimates for the period. As a consequence, the company has now raised its full-year revenue and Adjusted EBITDA guidance. However, its shares plunged the most in the company’s trading history on Friday, as the firm said its user growth slowed in the third quarter. Breaking down by segment shows the company’s B2C operations grew to $493 million, an increase of 161% compared to the three months ended September 30 last year. DraftKings attributes this to “robust customer acquisition and retention;” launches…

Fandex Inc announced Monday that the US Patent and Trademark Office (USPTO) has granted it U.S. Patent No. 11,436,674, covering key aspects of its fantasy sports team and player stock exchange, “further strengthening the company’s intellectual property.” In a press release, Matt D’Alessandro, CEO of Fandex, said: “This is a huge moment for us here at Fandex as our team has worked hard since 2017 to create this patented platform, and we look forward to speaking with the market leaders in iGaming to discuss licensing and other partnerships.” According to D’Alessandro, the patent covers the company’s novel fantasy sports exchange,…

According to local news, Entain will no longer be sponsoring the jerseys of Australian professional teams. The latest announcement comes amid a growing backlash against gambling advertising in sports.  As per the announcement, Entain’s Ladbrokes and Neds brands will no longer appear on the shirts of athletes as part of a bigger reduction in the English group’s sponsorship of sports.  “While we have had many great partners in this space over a long period of time, we understand some of the community sentiment around this and feel it is the right time to step away from this area,” the company…

iGaming software solutions provider Digitain announced Tuesday it has inked a new deal with Gaming Corps to add their collection of casino games to the Digitain partner network.  Ashot Sahakyan, International Relations Director for Digitain, commented on this new alliance and said the company is “delighted to welcome Gaming Corps to the Digitain platform.” He described the company as a “highly creative and innovative studio” with “an exciting and engaging” portfolio of games. “I’m confident that Gaming Corps’ comprehensive range of casino games will be hugely popular with our partners and their players,” Sahakyan said. Gaming Corps’ Mats Lundin Mats Lundin,…

Seneca Gaming announced Friday the appointment of two longtime employees, Joanne Israel and Marc Papaj, as general managers at Seneca Niagara Resort & Casino and Seneca Buffalo Creek Casino, respectively.  Seneca Gaming Corp. President and CEO Kevin Nephew, said: “Joanne and Marc have established themselves as effective and respected leaders in our organization who share a similar focus on delivering operational success and excellent customer service. We are proud to have them lead our Seneca Niagara and Seneca Buffalo Creek properties into their next exciting chapters.”  Israel joined Seneca Gaming in 2011 after five years in public accounting. She was named…

Online casino SpinAway has gone live in Ontario, following the receipt of regulatory approval, powered by Gaming Innovation Group (GiG)’s platform.   “Building on an established relationship with an existing partner, the agile architecture of GiG’s technology is specifically designed to help drive SpinAway’s strategy toward market expansion in regulated markets, both in North America and around the world,” the company noted. Licensed by the Alcohol and Gaming Commission of Ontario (AGCO), GiG is authorized to provide its B2B sportsbook and PAM in the Canadian province. November sees the second GiG powered brand to be launched in #Ontario , with SpinAway going…

The government of the State of São Paulo resumed the process of formally launching its state lottery, by publishing last week in the Official Gazette the “Announcement of International Bidding SOG 02/2022 for the Concession of the Service to a Private Company”. This process contemplates an operating period of 20 years, and the estimated value of the contract is 935.4 million reais (about $184.7 million). The tender will grant a private operator the operation of the fixed odds lottery (sports betting), the specific forecast lottery, the sports forecast lottery, the numerical forecast lottery, the instant lottery, and the passive lottery.…

This week’s gambling news finds that the Nevada Gaming Commission is now considering the regulation of esports betting! Unfortunately, now is also the time that a huge esports betting scandal is making gambling news headlines. At least six esports players and a coach have been disqualified from the NBA 2k Esports League for betting on games! Hello friends! And welcome to This Week in Gambling, where voters in California are headed to the polls for the big sports betting vote. And that is NOT this week’s big story… because no one knows what the hell is gonna happen! If you’re…

Sports betting and gaming group Entain has been named as 2022 LatAm Socially Responsible Operator of the Year by industry experts at SBC. The award completes the ‘triple crown’ for Entain, having already been named by SBC as its global and North American Socially Responsible Operator of the Year. Entain was commended by the independent panel of judges for “leading the industry in both its safer betting and gaming programs as well as its broader commitments to ESG and sustainability,” the company said in a press release. The award is further recognition of Entain’s successful implementation of its safer gaming strategy…

Gaming and hospitality operator Golden Entertainment has reported its third-quarter results. For the three-month period, the company has posted revenue of $279 million, a slight drop of 1%; and net income of $14 million, down 52% year-on-year. Adjusted EBITDA amounted to $61.1 million, declining by 17% when compared to the same quarter last year. Blake Sartini, Chairman and CEO of Golden Entertainment, said: “Our quarterly results continue to be significantly above 2019 levels, despite reflecting a larger impact from seasonality compared to the same period last year. We are encouraged by the current business trends to start the fourth quarter…

Provider of gaming solutions Fugaso has announced that it will add Fasttoken (FTN) to its list of supported cryptocurrencies. The inclusion of FTN in Fugaso’s supported cryptocurrencies will start on January 26. 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 the globe, FTN will have…

Gaming consultancy SCCG Management announced in late October a new partnership with Full Flight Payments, providing business development and strategic advisory services for the payment processing company.  SCCG founder and CEO Stephen Crystal said: “Full Flight brings a human-first approach to Payments and Commerce, we are very excited to move forward with this partnership and grow their presence in the gaming industry.” “Chris Berman is a reputable leader in the financial technology space and his payment processing solution will fit seamlessly with our SCCG network of operators looking to upgrade their payment processing partner,” he added.  Chris Berman, Founder of Full Flight…