Author: OnlineGamblingDaily

Cryptocurrency casino and betting platform Stake.com is being hit with a $400 million lawsuit from a former associate, crypto news sites report. The legal challenge alleges that the affiliate was cut out from collaborating in the creation of the site.  Christopher Freeman filed the lawsuit within the Southern District of New York and is searching for punitive damages and fees for his funding in the firm that preceded Stake.com, reports Coins or Tokens. Freeman claims he was “misled” into not participating in the formation of the site. According to the court complaint, Freeman was a friend of co-founder Bijan Tehrani,…

According to local news, Gateway Casinos and Entertainment Ltd. is reportedly not going to move forward with its planned $75 million casino on Wonderland Road, in London, Ontario. Allegedly, the group will instead make a multimillion-dollar investment at Western Fair to expand its current operations. However, Walt Spivak, owner of the property leased by the gaming company, said that he was not briefed by the corporation about this supposed change of plans, and Gateway has yet to confirm or deny the rumors. Due to the hit that the gambling industry suffered from the Covid pandemic, many gambling sites across Canada…

Content provider to the iGaming industry BGaming has launched a voting window to discover the brightest video moment of the Streamers Race, a competition among slot streamers with a $15 000 prize pool that was held by the studio between August 14-31. The voting process is open at Discord and will run from September 1-4. In a press release, the company explained that for the past three weeks, “BGaming has been challenging participants of the Streamers Race to collect particular winning combinations and emotional moments while streaming BGaming’s slots on Twitch and YouTube.” The competition was first unveiled in early August. The…

iGaming content provider CT Interactive confirmed its attendance at the upcoming Entertainment Arena Expo 2022 exhibition, which will take place in Bucharest, Rumania, on September 6-8. At stand 108, the company will showcase its product offerings, including games, Jackpots, Free Spins, and more. In a press release, the company highlighted its recent growth in the past two years, currently owning more than 41 titles, Jackpot concepts, and more product offerings “for all Romanian customers’ tastes.” Additionally, the business has extended its market share in Romania through integrations “with leading operators,” CT Interactive notes. CT Interactive will showcase its diverse, exceptional, and expanding…

On Friday, sports betting and iGaming platform provider Uplatform shared its balance of the G2E Asia showcase, held August 24-26 at Marina Bay Sands Singapore. The company described it as “one of the continent’s most significant gaming and entertainment business hubs, and one of Asia’s largest events,” and deemed its participation a hit. Uplatform’s presence at G2E proved “very successful” for their team, the company said. The company’s sportsbook offering became the center of attraction as visitors were “eager to find out more about Uplatform’s diverse lineup,” which includes worldwide and local sports like Muai Thai, Ping Pong, Kabbaddi, and basketball.…

Evolution’s NetEnt brand announced the launch of its new slot game, Bee Hive Bonanza, which features “potential prizes sweet as honey.” Set in a medieval, bumblebee-themed environment, the diligent bees of this online slot game are set to “win over players’ hearts at the first glimpse.” “Busy bees fly across the five-row, five-reel slot to make sweet nectar while protecting their queen in a quaint countryside landscape of rolling green hills and colorful blooming flowers,” a press release explains. When the Bee Hive symbols appear alongside Bee symbols, they will react and award instant cash prizes to the player. Beyond the…

Foxwoods Resort Casino announced Wednesday it plans to open 50,000 square feet of new gaming space next year, as well as a celebrity chef-owned restaurant. Construction on the new amenities is scheduled to begin in November. The proposed improvements, estimated to cost $85 million, come on the heels of the casino’s July opening of a $7 million high-stakes bingo hall, and the casino-owning Mashantucket Pequot Tribe’s announcement in February that Great Wolf Resorts will develop an indoor water park adjacent to Foxwoods.  Since February, when Foxwoods celebrated its 30th anniversary, the casino has been presenting projects of varying magnitude on…

Greentube, the NOVOMATIC Digital Gaming and Entertainment division, has received a supplier certification from the World Lottery Association (WLA) for its Plurius omni-channel solution, the company announced on Thursday. In a press release, the business stated that the WLA SCS:2020 Level 2 accreditation “further underlines the company’s commitment to security and risk management across its products and systems” and will enable it “to strike new partnerships with WLA members, comprising the world’s leading lottery operators.” The supplier certification from the WLA was awarded after a comprehensive assessment of the company’s omni-channel Greentube Plurius solution and its operations. In 2021, Greentube won a…

Sports betting and online gaming solutions provider Digitain announced that their Brand Ambassador Luís Figo, a soccer legend and former Portuguese national team player, visited the company’s headquarters in Yerevan, Armenia, on Tuesday, August 30. There, Figo participated in a dedicated press conference and spent time with the various teams that make up the Digitain brand. Digitain’s founder and CEO Vardges Vardanyan said: “It was my pleasure to welcome Luís to Yerevan and to Digitain’s headquarters. I am extremely happy that we have a partnership with someone of his international stature and reputation, who shares our progressive values and who can represent…

PointsBet is doubling down on its US strategy and defending the marketing and sales cost of its expansion in the region. The Australian bookmaker’s commitment to the market comes despite having recorded its second straight year of losses on Wednesday, as the Melbourne-born business reported that year-on-year losses increased 42.6% to AUD 267.7 million ($183.7 million) for the year ended June 30, 2022. The company’s share price fell more than 11% after the release of the report, which underscores PointsBet’s costly US strategy. The group spent about AUD 240 million ($162.8 million) in sales and marketing, with AUD 162 million…

Gaming and hospitality giant MGM Resorts International has announced the acceptance of its public tender offer for the shares of Stockholm-listed LeoVegas. The proposal was greenlighted by 96% of shareholders of the Swedish iGaming business, at a price of SEK 61.00 in cash per share, equivalent to a total tender value of approximately $604 million. Settlement of the shares is expected to be initiated on or around September 7, 2022. “The completion of this transaction represents a major milestone for MGM Resorts as we continue to pursue our strategy of growing our online gaming footprint worldwide,” said MGM Resorts’ CEO…

Macau’s gaming industry saw GGR drop by 50.7% year-on-year to MOP 2.19 billion ($271 million) in August, according to the latest data shared by the Gaming Inspection and Coordination Bureau (DICJ). However, last month’s figure is up by more than five times on a monthly basis from July, as the gambling hub finally begins to somewhat recover from its worst Covid-19 outbreak yet, and visitor arrivals start to slowly pick up again. The city’s gaming industry faced a paralyzing outbreak starting on June 18, with early signs of recovery beginning only last month. Macau recorded over 100,000 visitor arrivals from…

The Brazilian Ministry of Justice is currently looking into the commercial partnerships that sports clubs and media owners hold with online sportsbook firms, in an investigation that follows concerns by SENACON -the National Consumer Secretariat-, that such deals were closed without the country’s finalization of the laws and standards that will be applied to its pending federal sports betting regime.  Football clubs reported to be ordered to provide information include the Brasileiro Série A teams of Atlético Mineiro, Corinthians, Cruzeiro, Flamengo, Fluminense, Palmeiras, Santos, and São Paulo. The Brazilian Football Confederation (CBF) has also been reportedly required to provide information…

Euro Games Technology (EGT) confirmed its attendance at the upcoming Entertainment Arena Expo (EAE), set to take place in Remexpo Fair Ground in Bucharest, Romania, on September 6-8. At stand 120, the Bulgarian manufacturer will showcase a selection of its latest products. At the event, the company will showcase all the cabinets of the newest slot series General, which, according to the company, have “already gained great popularity” in many casinos around the world because of their “eye-catching contemporary design and the ultimate comfort they offer.” EGT’s jackpot family will be presented by Bell Link, as well as Cai Fu…

Content provider to the iGaming industry BGaming announced the release of its latest online title, Wild Cash x9990, enhanced with extra multipliers that increase the value of the base multiplier caught during the Bonus game. The latest title follows the earlier release of the Wild Cash online slot in spring 2022. The new game features fruit symbols that appear over three reels and five lines. It’s a high volatility slot with a theoretical return to players percentage of 96%. In a press release, the company explained that the central focus of the slot is a Bonus game with a multiplier feature…

As Churchill Downs reopened Thursday Turfway Park following three years of renovations, and people walked for the first time into the new building, Kentucky Gov. Andy Beshear stated he hopes to legalize sports betting at the facility’s grand opening.  Churchill Downs first acquired the racing facility in Florence in 2019. The new project broke ground two years later, in March 2021, after the demolition of the former grandstands and buildings. Beshear was part of that date, and has long championed the gaming project. “While announcements are great, groundbreakings are fun, topping off ceremonies are important… Grand openings mean it’s real.…