Author: OnlineGamblingDaily

IGT announced Wednesday its financial results for the third quarter of the year, showing an increase in revenue by 7.7% to 1.06 billion. However, chief financial officer Max Chiara stated during a conference on Tuesday that the supplier would continue to work on reducing its leverage in case of “bad times” ahead.  Adjusted EBITDA for the period was $402 million, reflecting robust Global Lottery profitability and a strong increase from Global Gaming, according to the firm. The company’s lottery division made up a narrow majority of revenue at $623 million, but was also down by 4% in a year-over-year comparison.…

As reported by the Maryland Lottery and Gaming Commission, Maryland’s six casinos have delivered a new single-month record, as they have collectively generated $212.9 million in revenue from slot machines and table games in October. The total represented an increase of $57.9 million (37.4%) compared to the same period last year, and has also beat the previous single-month record of $181.5 million set in July this year by $31.4 million.  MGM National Harbor was the top generating property, which saw $115 million in revenue, an increase of 105.8% compared to last year. Live! Casino & Hotel followed with $59.6 million,…

Gaming content and technology provider Inspired Entertainment announced Wednesday a new five-year contract with UK-based bookmaker Betfred Group, which owns and operates over 1,400 betting shops in the UK- Under the terms of this agreement, Inspired will exclusively provide Betfred with fully integrated managed services for its entire estate of over 5,500 terminals, including installation, remote and field technology support, as well as platform and content deployment.  In addition, Betfred has committed to the procurement of 5,000 new Vantage server-based gaming-ready cabinets throughout 2023. As written by the company, Vantage, the latest addition to the Inspired VLT family, is powered…

Online poker site 888poker, part of 888 Holdings, announced Tuesday that it has been named Poker Operator of the Year at the 2022 EGR Operator Awards, held in London. The annual awards showcase the best products, technology, and marketing of operators across the industry. All finalists undergo a thorough judging process, including a presentation to a panel of industry experts. 2022 marks a second successive year of wins for 888poker, after securing Poker Marketing Campaign at EGR’s Marketing & Innovation Awards in 2021, and comes at a celebratory time for the brand as it celebrates its 20 anniversary. “These wins…

Sports betting services provider Kambi Group has agreed to a long-term partnership with LMG Gaming (LMGG), owned by Puerto Rican media company Liberman Media Group, that will see Kambi provide its sportsbook to LMGG’s ApuestaPR betting brand. “The agreement will enable ApuestaPR to position itself as the most exciting sports wagering brand in Puerto Rico through a combination of Kambi’s award-winning sportsbook technology and services and marketing opportunities on LMG’s Teleonce television network,” the company noted. In addition to mobile sports betting, ApuestaPR also plans to offer “a best-in-class” retail sportsbook solution through a large network of retail outlets across Puerto Rico.…

N1 Partners Group announced Wednesday it is inviting its partners to participate in a Christmas gift activity. The company is introducing “a new way for members of the N1 affiliate program” to take advantage of their FTD figures and get “outstanding Christmas gifts.” N1 Partners Group intends to encourage its program members “to strive for ever better results and feel appreciation for their work,” the company said. This year, members of the N1 affiliate program can join the N1 Stars AffClub and take part in an activity that will run from November 8 to December 18.   Partners will be…

On November 1, Montana’s Great Falls City Commission adopted Ordinance 3251, which removes special landscaping requirements for casinos and removes distance separation requirements between casinos and other land uses. Owners now only need to meet the distance separation requirements in State Law. Under the updated code, casinos would be treated the same as any other commercial development and for any new construction, building additions more than 20% of the site, new parking lots, and parking lots over certain percentages would require compliance with the regular landscaping code, according to the commission’s announcement. Previously, casinos were the only renovation projects that…

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…