Author: OnlineGamblingDaily

Online casinos are an internet version of traditional casinos that you can access anywhere as long as you have an internet connection. The convenience is why they have grown rapidly in popularity over the years, and they differ massively from inland casinos for many reasons. Whether in the comfort of your own home or traveling the world, you can play online if you have an internet connection. Another reason is that they have a much wider variety of games than inland casinos. Most online casinos offer 24/7 around-the-clock support with the live chat option, which is great for people who…

The amazing run for US gambling operators continued into the summer, with the month of July producing nearly a 3% increase in profits from the previous year. Those numbers made it the third highest month for gross profits of all time, according to data from our friends at the American Gaming Association. Profits for retail gambling in America just crept over the $5 billion mark in July, making it the 4th month this year to see such numbers. That means we should see another record setting year for US gambling, as the latest numbers bring year-to-date revenue numbers to well…

Gambling giant Kindred Group is providing an update on the company’s strategic direction, operations and financial performance. The firm is presenting a bold financial target for 2025 of revenue above £1.6 billion ($1.8 billion), an underlying EBITDA margin of 21-22%; a distribution policy of ~75-100% free cash flow (after M&A). The 2025 expected revenue figure would be 27.1% higher than its total revenue for 2021. CEO Henrik Tjärnström and CFO Johan Wilsby will address the new targets at a Capital Markets Day in London. During the event, to be held today (Wednesday), the CEO and members of the management team…

New Jersey lawmakers are weighing the extension of online wagering into the 2030s, with an Assembly committee set to discuss the issue this week. While the Garden State legalized internet wagers in 2013, the bill set the expiration date at late 2023. The new legislation would push that deadline back to 2033. “I think it’s critical for the properties here, to keep them open and to keep those jobs open,” said Assemblyman Don Guardian (R-Atlantic), a co-sponsor and former Atlantic City mayor, as reported by New Jersey Monitor. According to the Assemblyman, the sunset date could hamstring development by casinos…

The European Gaming and Betting Association (EGBA) has published the first ever pan-European, self-regulatory guidelines to strengthen anti-money laundering (AML) efforts of Europe’s online gambling operators. The move is set to support the sector’s contribution to the fight against money laundering, with EGBA saying that the publication of the guidelines continues its commitment to promoting “the highest level of industry responsibility.” As per the announcement, the EGBA guidelines on fighting money laundering and terrorist financing contain “best practice industry standards,” which online gambling operators should apply across their entire EU and EEA operations. The guidelines apply a risk-based approach and include…

Seven companies have submitted their tenders for Macau’s six gaming concessions. 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, which local media describes as having substantial experience in its home country’s gaming industry, made a last-minute submission on Wednesday. Bidders delivered their tenders in outsize boxes to the offices of the Gaming Inspection and Coordination Bureau, with the opening of each proposal set for Friday, according…

Gaming Innovation Group (GiG) announced Wednesday it has received interim authorization from the Pennsylvania Gaming Control Board (PGCB), allowing it to do business in the US state as an interactive gaming manufacturer. Under the terms of the agreement, GiG can now offer its Player Account Manager (PAM) services and Sportsbook in the region. In a press release, the company stated that it now holds over four years of experience in the US, and currently serves 26 regulated markets. It furthermore added that it has another 9 markets “in the pipeline.”  We have been granted authorisation to do business in Pennsylvania, allowing…

Online casinos that require no registration function as their name would imply. Instead of going through the registration process, you can start playing casinos right now with quick banking. Top online casinos, without verification, close the gap by offering a unique idea that lets players enjoy a stress-free gaming experience. This tactic may violate all customary security measures, but it does not. Instead, no-registration gaming is risk-free and secure and shields users’ private data. The gaming industry has significantly transformed with the advent of no-registration online casinos. They have a few advantages compared to regular online casinos, which need registration…

Sportradar’s Integrity Services unit and global supplier of sport integrity solutions and partner to over 150 sports federations announced a bet monitoring agreement with European Table Tennis Union.  Under the terms of the multi-year agreement, matches in European Championships, and Men’s and Women’s Champions League, amongst other key events, will be monitored by Sportradar Integrity Services via its Universal Fraud Detection System (UFDS), an advanced and proven bet monitoring system which has been independently assessed and verified by experts in the field of sports betting and integrity.  Through the UFDS, betting patterns on European Table Tennis competitions will be analyzed…

The Lotería de Córdoba (Cordoba Lottery) has pre-awarded licenses to operate online gaming and sports betting in the Argentinean province to eight companies. Now, in accordance with the scheduled process, the deadline to file objections is set to conclude, and after this, the concession contracts will be signed. According to Argentinean news outlet La Voz, of the nine companies that remained in the competition, the one that was left out was the Betway Group, which partnered with Picaperto Online, the latter owned by businessman Nicolás Glazman. Thus, the eight companies to which the Lotería de Córdoba has pre-awarded the licenses…

Seven out of 10 sports bettors utilize Twitter for their betting needs, new data released by the social network shows. The report indicates that the volume of bettor-focused content and the quality of Tweets have drastically increased over the past few years, as more states legalize betting and the practice is no longer seen as taboo. Wagering has become a hot topic on Twitter, which describes itself as “the home for sports betting conversation.” Sports bettors are not only flocking to the platform for betting tips and predictions, but also for drama and memes surrounding their gaming activities. Twitter claims…

Novomatic announced Tuesday it is attending the G2E Las Vegas showcase, where it will stage “fresh and exciting” gaming highlights, as well as new hardware and solutions between October 10-13, at booth #1259. The biggest news for Novomatic Americas will be the launch of a new upright cabinet series for the US market. The DIAMOND X 1.55J and DIAMOND X 2.32 are set to introduce “an exceptional, sleek style and crisp game presentation to the casino floor,” the company said.  Novomatic’s G2E 2021 stand The showcase will also include the Progressives segment, featuring the new THUNDER CASH X Link, which…

iGaming content provider Pragmatic Play announced Wednesday the appointment of Celeste Arredondo as the new Country Director for Peru. Arredondo has held previous senior positions at local operators in Peru, and now joins the team headed by Vice President of Latin American operations Victor Arias. In a press release, the company said that her appointment “marks the expansion of the leading provider’s localization strategy in Latin America, which has seen Pragmatic Play expand swiftly across the continent with its multi-product portfolio.” For her part, Arredondo said she “looks forward to contributing to the impressive momentum that the supplier has nurtured…

In an effort to help employees deal with inflation, and to help the business attract and retain talent, Hard Rock International and Seminole Gaming announced Monday they will be spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S. “This recent $100 million investment in its team members is part of an ongoing effort to honor and appreciate our workforce, which has recently included paying frontline employees bonuses during the pandemic and other expanded benefits,” a press release states. Hard Rock International and Seminole Gaming team members “We looked at all the…

Massachusetts’ Encore Boston Harbor casino is rolling out a gambling limit program: visitors to the property can now set a cap when playing electronic games, including slots. The voluntary budgeting tool, called PlayMyWay, was launched by the Massachusetts Gaming Commission in partnership with the venue and GameSense. The solution is designed to allow Wynn Rewards players the ability to monitor the amount of money they spend at EBH in real-time and to support their decision to continue or stop play. The PlayMyWay budgeting tool is already available to patrons at Massachusetts properties Plainridge Park Casino and MGM Springfield. “Encore Boston…

Australia’s financial crimes regulator has opened an investigation into British sports betting operator Entain. The Australian Transaction Reports and Analysis Centre (AUSTRAC) said it intends to assess whether the gaming giant was complying with anti-money laundering (AML) and counter-terrorism financing laws. AUSTRAC officials said the regulator began the enforcement investigation after an extensive supervisory campaign covering the whole corporate bookmaking sector, without giving further details, reports Reuters. The probe comes as online betting booms in Australia, having first exploded at the start of the pandemic, when physical shops were forced to shut down. “Reporting entities have a responsibility to ensure…