Author: OnlineGamblingDaily

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.…

Today was the day for the launch of Kansas sports bets, and the Governor got things going by placing the very first wager! She put a whopping $15 on the hometown Kansas City Chiefs to win the next Super Bowl. And getting 10 to 1 odds on that bet, it could pay for a nice dinner with a couple of friends in February. The bet was placed at the Hollywood Casino in Kansas City, one of four locations that are open for action. The others are the Kansas Star Casino in Mulvane, Boot Hill Casino in Dodge City, and Kansas…

The first new Reno-Sparks casino in decades has now opened its doors to the public. Legends Bay Casino at The Outlets at Legends, in Sparks, held a grand opening ceremony on Tuesday evening, attended by politicians, gaming executives, and guests from northern and southern Nevada, including some of the highest elected officials in the state. Legends Bay is touted as the first new casino to open in Northern Nevada in more than two decades. “This has been somewhat long in coming,” Olympia Gaming CEO Gary Goett said on Tuesday, as reported by Reno Gazette Journal. “But we’re very excited to…

After three years of renovations, and an estimated investment of $240 million, Kentucky’s Turfway Park Racing & Gaming is reopening its doors this week, on Thursday, September 1, with live racing making its major comeback on November 30. “We’ve been waiting a long time and our team is ready to knock it out of the park,” General Manager Chip Bach said, as reported by Local 12 News. The venue, north of Florence, officially opens to the public at 9 a.m. The new facility is now ready to welcome Northern Kentuckian bettors as the gaming market in the Tri-State grows. Even…

Nevada’s winning streak is far from over. In July, the state recorded the fourth highest monthly total in its gaming history at $1.31 billion, and the second highest ever on the Las Vegas Strip. Bolstered by visitation to Las Vegas –at its highest since the start of the pandemic–, Nevada gaming has now surpassed $1 billion in revenue for the 17th consecutive month. July 2022’s revenue is down by 3.2% when compared to the single-month record $1.35 billion posted in July last year, figures from the Nevada Gaming Control Board show. However, last month’s total is 28.4% higher than the…

In the midst of rising inflation and its impact on consumer personal saving rates, new research conducted by information and insights company TransUnion examined the financial status and behaviors of mobile sports bettors. The study found that more than half (54%) earn high incomes –earning $100,000 or more– yet “many are concerned about inflation and its impact on their ability to keep making credit payments in the future.” According to TransUnion, mobile sports bettors show greater resilience and sensitivity to economic headwinds. While a vast majority of bettors appeared to be in good financial standing based on incomes and savings,…

Gaming and esports organization LOUD announced Tuesday a comprehensive promotional partnership with betting platform Midnite “to introduce its intuitive design for esports and traditional sports wagering to LOUD’s 300 million global followers.” The parties call the partnership “a landmark commitment” which will see the campaign will stretch throughout 2022 and produce original content for social media and digital video channels, featuring many of LOUD’s top influencers. Brazil-headquartered LOUD calls itself the first gaming organization to record a billion views on YouTube. Matthew Ho, co-founder of LOUD, said : “When considering international wagering partnerships, Midnite distanced themselves with a powerful brand and…

Gaming designer and manufacturer Konami Gaming announced Wednesday the appointment of industry veteran Gerard Crosby as senior vice president & chief games product officer, a move set to drive continued games product performance and advancement across global markets.  Crosby brings nearly three decades of experience in games research and development hardware and software engineering, product strategy, and business operations management, according to Konami Gaming, the Las Vegas-based subsidiary of Konami Group. Leading games R&D at Konami Australia since 2001, “he has developed a demonstrated track record of success, delivering consistent results across Australia, New Zealand, Asia, and South Africa, as well…

A Superior Court judge in New Jersey killed Monday a state law that granted Atlantic City’s casinos tens of millions of dollars in tax breaks, saying the measure “was passed on dubious grounds” and that it “violated the state Constitution.” Governor Phil Murphy and the state’s legislative leaders took a hit through this ruling, after having fast-tracked the legislation through the Legislature last year. This move also has a direct consequence on the gaming industry, which had argued the bill was needed because it was struggling amid the COVID-19 pandemic.  The controversial law proposed changes to a local taxing program…