Author: OnlineGamblingDaily

Gaming consultancy SCCG Management announced Monday the execution of an agreement with online gaming supplier BGaming to provide strategic advisory and business development services for North America.  The company’s founder and CEO, Stephen Crystal, expressed his eagerness to see this partnership put into motion, as BGaming’s “fast-growing iGaming content combines a passion for gaming with extensive expertise in the online casino industry.”  “BGaming and SCCH form a veteran duo with a combined 50 years of experience in iGaming. We have a great presence in the online casino industry at SCCG. Our best-in-class resources and services, paired with BGaming’s online casino games,…

Gaming test lab and product certification consultancy BMM Testlabs announced Monday that the Massachusetts Gaming Commission has authorized the company to test and certify sports wagering equipment for the state’s nascent industry. Travis Foley, Chief Technology Officer and Executive Vice President, North America, commented: “BMM is very pleased to have been approved to provide testing services for sports wagering equipment in Massachusetts, authorized under Massachusetts Regulation 205 CMR 244.06.” “We look forward to utilizing our decades of experience to provide our expert testing services for the state. We value our ongoing partnership with the Massachusetts Gaming Commission and would like to thank…

International Game Technology (IGT) announced Monday that its Wheel Of Fortune Powerbucks slots minted two millionaires during August. Slots players that collected the million-dollar prizes last month were located in Canada. On August 20, an online Powerbucks slots player won CAD 1.15 million ($865.880) playing Wheel of Fortune Cash Link Exotic Far East in British Columbia. And shortly after, on August 26, another Powerbucks player won CAD 1.03 million ($777.442) playing Wheel of Fortune Hawaiian Getaway in Ontario.  IGT Powerbucks slots have paid 42 jackpots of $1 million or more since their Canadian debut in 2016, the company notes. Wheel of…

Online payment solutions company AstroPay announced Tuesday it has partnered with cryptocurrency exchanges and digital asset trading platform Huobi Global to provide fiat to crypto payment services for Huobi users in Latin America. Through the partnership, AstroPay will enable Huobi Global users to purchase their crypto assets with fiat money and benefit from local and international payment method options available in the AstroPay network. By partnering with AstroPay, Huobi Global will open the fiat to crypto payment option in Latin America through AstroPay digital wallet. Users in these countries will then be able to purchase and trade through a variety of payment methods including…

Australian racing and sports betting operator BlueBet’s online sportsbook brand ClutchBet has now made its U.S. debut in Iowa. The product joins the US sports betting landscape time for the new football season. Iowans 21 years and older can now download the new ClutchBet app, or visit ClutchBet.com, to place wagers. The brand offers betting on thousands of professional and collegiate sporting events staged both locally and around the world, a statement reads. In a press release, the company said that ClutchBet – a name that champions the popular sporting phrase – is “poised to make a winning play in the…

Online gaming business Real Luck Group, the parent company of esports, sports, and casino gaming provider Luckbox, announced last week growth in Key Performance Indicators (KPIs) since entering its new customer acquisition phase in August this year. According to the group, Net Gaming Revenue grew 144% during the last month and total player deposits grew by 197%. According to the Luckbox operator, these first data points mark “a successful” transition of the company to its next growth phase of customer acquisition, which was first communicated at Real Lucky Group’s annual general meeting on August 11. The early operational data and…

Last week, seven companies submitted their tenders for Macau’s six gaming concessions. On Friday, opened the bids and, as per an announcement, decided to accept all of the seven bids, although one has been “conditionally” confirmed. The list of firms vying for the 10-year licenses includes the city’s six current operators –Wynn Macau, Sands China, MGM China, SJM Holdings, Galaxy Entertainment and Melco Resorts– and a seventh company, GMM Limited, part of the Genting Group. Malaysia-based GMM Limited’s bid was “conditionally” accepted. However, the committee did not mention what GMM will need to do in order for its bid to be finally accepted.   The Gaming Concession Public Tender Committee,…

Our news this week focuses on the growth of US online gambling! July was another amazing month with record-breaking revenue for the US gambling industry, and more and more of that revenue is coming from online casinos! Which states are regulating internet casinos, sports betting and poker? And how big will the online gambling industry grow in America? Hello my friends, and welcome to This Week in Gambling, where it’s our 400th show! And no one gives a shit! Except me, of course. This week’s big story is that US online gambling and sports betting brought in over $5 billion…

B2B iGaming technology provider EveryMatrix announced Monday its financial results for Q2 2022, in an update that shows gross profit growth across all business segments including casino, sports, and platform, increased by 17% year-over-year to €14.9 million ($14.8 million).   In a press release, the company explained that while regulatory changes in Germany impacted gross profit in the casino segment, that vertical still grew by 11% year-over-year thanks to the company’s “product diversification and broad client base.” EBITDA held at €5.2 million ($5.3 million) as the company continues to reinvest positive cash flow into future growth. Key investments include U.S. expansion and the…

As reported Thursday by the Massachusetts Gaming Commission, the state’s three casinos – MGM Springfield, Plainridge Park Casino and Encore Boston Harbor – have collectively generated approximately $92 million in gross gaming revenue in August. The figures were flat from the same month last year. Encore Boston Harbor saw the most revenue for the month at $58 million in gross slot and table game revenue. While was down from $64.7 million in July, it was however up from $57.8 million in August 2021, and sufficient to place it first.  MGM Springfield placed second, amounting to nearly $22 million in total from…

Senate Majority Leader Joel Villanueva has filed a bill that intends to ban all forms of online gambling in the country. The move comes as recent issues with Philippine Offshore Gaming Operators (POGO) drew renewed interest in stricter regulation, following a series of alleged abductions at their premises. Gaming regulator PAGCOR has ordered the closure of two POGOs, and revoked the license of one, after more than 140 foreign workers were rescued over the weekend. Villanueva’s Senate Bill 1281, the proposed “Anti-Online Gambling Act”, seeks to penalize people who engage in online gambling with a jail term of up to…

Bally’s Corporation announced Friday that Marc Crisafulli, EVP of Government Relations, Legal and Regulatory, is retiring from the company, a move effective since September 16, 2022. Crisafulli joined the company in May 2019 as EVP of Government Relations and then later served as EVP of Twin River Worldwide Holdings and President of Twin River and Tiverton Casinos, prior to the firm’s rebrand to Bally’s Corporation in 2020. During his time with the company, he helped advance Bally’s strategy by overseeing critical legislation and spearheading important partnerships in Rhode Island. Lee Fenton, Bally’s Chief Executive Officer, expressed his gratitude to Crisafulli…

The Malta Gaming Authority (MGA) published Thursday its annual report and audited financial statements for the financial year ending 31 December 2021. The report shows the regulator canceled fewer licenses during 2021, as it opted instead to issue more warnings and administrative penalties than in previous years. The report provides an overview of the Authority’s achievements during the year and outlines the performance of the Maltese gaming industry during 2021, coupled with a medium-term outlook into the future. For the period analyzed, the MGA canceled seven licenses, half the 14 terminated in 2019, and less than 12 in 2020. The Malta…

The Cordish Companies’ Live! Casino & Hotel Maryland announced Monday the property has earned the highest recognition across all major categories in the Best of Gaming 2022 Awards by readers of the gaming industry publication Casino Player Magazine. This includes the Best Overall Gaming Resort accolade. The AAA Four Diamond-rated luxury gaming and entertainment destination led the Maryland casino category, claiming 17 first place prizes, including Best Overall Gaming Resort; Best Hotel; Best Rooms; Best Casino; Best Players Club; Best Comps; Best Promotions; Best Table Games; Best High Limit Room; Best Poker Room; Best Poker Tournaments; Best Non-Smoking Casino; Best Reel Slots; Best Live…

Iuri Castro, Brazil’s Undersecretary of Gambling and Commercial Promotion of the Ministry of Economy, said that his office has “a defined strategy” regarding the publication of the regulatory decree of the Sports Betting Law. His remarks came at the CGS Brazil 2022 event, as reported by BNLData. During the opening of the fair, held in the Brazilian city of Florianópolis, Castro spoke about Law 13.576, which was approved in 2018 but whose regulation has not yet been published by the Government, and affirmed that his office is waiting for the publication of the decree by the President of the Republic. Based…

Casino operator Boyd Gaming Corporation announced Monday that its Board of Directors has declared a quarterly cash dividend of $0.15 per share, payable October 15, 2022, to shareholders of record at the close of business on September 30, 2022. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. Boyd Gaming has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings, according to analysts. Research analysts expect Boyd Gaming to earn $5.20 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an…