Author: OnlineGamblingDaily

An arbitrator has reached a ruling in the legal battle between Fox Corp. and Flutter. The decision Friday reaffirmed Fox has 10 years to exercise its option to acquire a nearly one-fifth stake in Flutter’s FanDuel brand, thus settling a longstanding dispute between both parties. The ruling, issued by the Judicial Arbitration and Mediation Services, tackled the disagreement between the two firms around Flutter’s purchase in 2019 of The Stars Group, and could have a significant impact on the future of US-facing sportsbooks FanDuel and Fox Bet. Flutter’s purchase of The Stars Group expanded the gaming giant’s portfolio to include…

Lottery and gaming industry technology provider Skilrock Technologies announced Monday it will exhibit its next-gen products and services at the SiGMA Malta conference, to be held November 14-18. The company will showcase its products on the gaming floor at Booth BR31, with its omni-channel lottery platform and unified scratch solutions as the main attractions. In addition, the company stated it will also show its high-frequency games, sports lottery, iGaming solutions and more.  “Our team is looking forward to meeting operators, reconnecting with our partners and sharing our take on the exciting industry discussions scheduled at the event,” Skilrock Technologies said…

The Victorian Gambling and Casino Control Commission announced Monday a record-setting AUD 120 million ($77.7 million) fine on Crown Melbourne. The penalty aims at sending “a powerful message” to the company indicating misconduct will not be tolerated, according to the regulator. The financial punishment was imposed for two separate issues, both based on the findings of a royal commission into Crown’s suitability to hold its license. The AUD 100 million fine was issued because of the firm’s failure to stop people from gambling for more than 24 hours straight; and an additional AUD 20 million was imposed because the casino failed…

Century Casinos announced Friday its financial results for the third quarter of 2022. The company reported a 4% decrease in its net operating revenue in a year-over-year comparison to $112,6 million.  The firm’s earnings from operations were $20 million, a decrease of 22% from the same period in 2021. Net earnings attributable to Century Casinos’ shareholders were down 74% to $2.9 million; and Adjusted EBITDA was $298.1 million, a decrease of 15% from 2021. Peter Hoetzinger (left) and Erwin Haitzmann, Co-Chief Executive Officers of Century Casinos In a press release, Erwin Haitzmann, and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos, remarked: “Net operating revenue and Adjusted EBITDA…

Formula 1 held Saturday a launch party in Las Vegas ahead of the 2023 Grand Prix in “Sin City.” The Las Vegas Grand Prix will appear on the F1 calendar for the first time in history next year, with the temporary street circuit due to incorporate the famous Strip. Fans flocked to the celebration, which officially launched the 2023 Las Vegas Grand Prix. During the event, the Mercedes duo composed of Hamilton and George Russell were present, along with Red Bull’s Sergio Perez, and Williams racer Alex Albon, showcasing their driving skills. As reported by Mirror.co.uk, Hamilton performed doughnuts to the…

The Association of Gaming Equipment Manufacturers (AGEM) announced Monday its AGEM Index activity and results for October 2022, which showed an increase of 106.87 points to 846.64, a 14.4% improvement from the prior month. Compared to the same period last year, however, the index was down 231.28 points, or 21.5%. The latest period marked the first month-over-month increase following a two consecutive month skid. In October, nine of the 12 AGEM Index companies reported stock price increases, resulting in nine positive contributions and three negative ones.  The largest positive contributor to the monthly index was Aristocrat Leisure Limited, whose 12.6% increase in…

 November 7, 2022 There has been a major shakeup in the NBA 2K League, were several Esports gambling violations have resulted in the disqualification of at least six players. An investigation found the players has either made bets, or attempted to place bets, on NBA 2K League games. Some of these players made the bets on their own, while others to place bets for them. Additionally, rules were broken when these players failed to report the violations, and to cooperate with the league’s investigation. The president of the league, Brendan Donohue, stated that the integrity of the games will always…

The Angry Dogs online slot is a 5 Reel, 4 row, 25 payline game from our friends at from GameArt! It comes with several canine related symbols across the reels, from cuts of meat to chew bones to doggie food bowls! This online slot has a payout rate of nearly 96.4%! And players should be on the lookout for the Mystery Doghouse symbols that reveal special symbols! There are Bulldog Wilds that complete winning combinations, as well as Dog Collar symbols that act like Scatters! And players who land 3 of them will triggers the Beware of Dogs Free Spins…

Play’n GO has announced the launch of Canine Carnage, a new online Dynamic Payways slot featuring “immersive artwork and dynamic gameplay.” Players join Mutt and his pack of “paw-some pooches” across a dystopian wasteland to reach the Canine Canyon where a “utopia of limitless rewards” awaits, the company said of the title’s story and theme “Players can achieve instant wins in a multitude of ways. Splitter Wilds work by splitting symbols in two (excluding Scatters) upping the player’s potential,” the company explained in a press release. Paired alongside the prized Bulldog with a Bone Cash Collection Symbol during Free Spins,…

UK gaming tax intake has risen in H1 of 2022-23. For the six months to September 30, provisional betting and gaming tax revenue was up by 11% from £1.46 billion ($1.63 billion) to £1.62 billion ($1.81 billion) when paired against the same period the previous year. The Lottery Duty, which represents 30% of the total, was the largest contributor to this figure, closely followed by the Remote Gaming Duty at a 28% contribution. However, it is worth noting both duties declined both in absolute terms and in the percentage of the total when compared to the same period last year.…

Penn Entertainment has reported its financial results for the third quarter of the year. For the three months ended September 30, the business delivered revenues of $1.6 billion, an increase of 7.5% year-over-year; and net income of $123.2 million, up from $86.1 million in the comparable quarter last year. Adjusted EBITDA grew 20.9% to $440.4 million. Additionally, the company revealed its online division turned a profit in October. The company highlighted its omnichannel strategy “continues to drive growth” across the business. “We are pleased to report another solid quarter despite operating in an uncertain economic environment,” said CEO and President…

The Cordish Companies is eyeing Wagner Road and Interstate 95 as the location for its proposed Petersburg, Virginia casino. The plan to develop a gaming property on the south side of the city was revealed by Sen. Joe Morrissey, D-Richmond, on Wednesday. However, the project is dependent on whether the General Assembly allows Richmond to seek a second casino referendum. Morrissey said in an interview that the Baltimore-based casino developer would not proceed with a smaller project in Petersburg if it had to compete with a casino in South Richmond, reports Richmond Times-Dispatch. Allowing both cities to proceed would produce…

Digital lottery company Jumbo Interactive announced Thursday it has completed the acquisition of UK External Lottery Manager and digital payments company StarVale Group, in a deal that was agreed upon in January 2022, for a total consideration of EUR 23 million ($22.4 million).  The transaction was completed on November 1, following the satisfaction of all closing conditions under the terms of the purchase agreement, and the receipt of regulatory approval from the Great Britain Gambling Commission in October. Jumbo paid an initial EUR 12 million ($11.9 million) in addition to EUR 6.5 million ($6.3 million) in surplus cash funds that were…

iGaming and sports betting company NorthStar Gaming has been named an Authorized Gaming Operator of the National Basketball Association (NBA). Under the terms of the agreement, the NorthStar Bets brand will look to provide NBA bettors with “an immersive gaming experience” that features real-time league data.   In a press release, the company said that NorthStar Bets players will “enjoy improved navigation” and the inclusion of NBA marks and logos within the platform. “NorthStar Bets and the NBA will collaborate on best-in-class practices to protect the integrity of NBA games,” the parties further announced. Michael Moskowitz, Chief Executive Officer and a founding…

During his visit to the recent edition of the Global Gaming Expo, Edgar Lenzi, representative of gaming developer NGT Interactive, in an exclusive interview for Yogonet, analyzed the legal situation of the Brazilian market, its imminent regulation of sports betting and highlighted the company’s growth at a local and regional level. The company was present at G2E Las Vegas, what is your assessment of this year’s event, and how did you experience this recent edition, which saw a remarkable return to normalcy after the pandemic? It was great to be back at G2E representing NGT after a two-year hiatus. I…

Sports betting and iGaming industry consultancy USAbility announced Thursday that Joe Asher, President of Sports Betting at IGT and former CEO of William Hill US, will join the company’s newly formed Advisory Board in a non-executive capacity, and as a shareholder. As a “one-stop shop” for compliance, product, and project delivery advisory, USAbility will look to harness Asher’s industry experience to “continue providing gambling companies globally with better ways of delivering business and technical change,” the firm said. Asher took on the role of IGT President of Sports Betting in 2021, having been CEO of William Hill US since 2012,…