Author: OnlineGamblingDaily

After weeks of negotiations, it was confirmed on Wednesday that Resorts has reached an agreement with Atlantic City’s casino workers union, Local 54 of the Unite Here, thus leaving only one of the destination’s nine casinos without a new labor agreement.  Golden Nugget, the remaining property, will sit down at the bargaining table Thursday with the union, and a deal is expected to be reached during that negotiation. Should a contract not be reached, a strike has been authorized by the union for July 30.  THE VOTES ARE IN: Hundreds of casino workers cast ballots today and 97% have voted…

Gaming company and horse racing giant Churchill Downs Incorporated has reported its business results for the second quarter of the year. For the period, CDI posted record net revenues of $582.5 million, up from $515.1 million in Q2 2021; and a record net income of $339.3 million, more than triple the $108.3 million in the comparable quarter last year. Momentum was driven by the Kentucky Derby at Churchill Downs Racetrack. During the quarter, the company’s live and historical racing segment delivered record revenue and Adjusted EBITDA, with the latter up 67% compared to Q2 2021. Additionally, the company posted an…

So you like to gamble? Then what would you wager on the odds of a Major League Las Vegas baseball team? Well, if you’re purely playing the odds, things are looking better and better for Sin City all the time. Nevada has already managed to lure one team away from Oakland: The NFL’s Raiders, who made the move a few years ago. That followed the success of a Las Vegas expansion team for the National Hockey League. And it’s important to note that the Raider’s move occurred in a similar situation to what the Oakland Athletics are facing now. Several…

Underdog, a paid fantasy sports company based in New York, closed a Series B round of fundraising totaling $35 million. The round, which includes funds and accounts managed by BlackRock and Acies Investment, values the company at $485 million. Over the next year, Underdog plans to build “innovative” licensed sports betting products, and hire over 100 new employees. BlackRock and Acies Investment join existing investors Mark Cuban, Kevin Durant, Trae Young, Odell Beckham Jr., Breon Corcoran (ex-CEO Paddy Power Betfair/Flutter), Mitch Garber, Eilers & Krejcik, Liontree Partners, Kevin Carter, Mark Pincus (founder of Zynga), SV Angel, The Chainsmokers, Kygo, Steve…

Macau’s Government is considering mandating the presentation of a nucleic acid test (NAT) result to enter commercial establishments in the future, according to Leong Iek Hou, the head of the Communicable Disease Prevention and Control Division of the Health Bureau (SSM). The measure comes as the gaming hub reported zero confirmed cases of Covid-19 for the third day in a row, with the total cases, including those in quarantine, down to single digits. However, strict Covid measures remain in place. On Saturday, casinos were allowed to reopen after a nearly two-week shutdown mandated in an effort to stop the spread of Covid-19. Although…

BGaming announced Wednesday its software development team is improving its games’ loading time with a new image compression algorithm, which has reduced the company’s game portfolio’s weight by 55% by compressing games’ graphics with zero or minimal quality loss.  “This innovation can help to overcome troubles with players’ slot internet connection and VPN limitations”, BGaming stated in an official press release. “The game file size reduction directly impacts the loading time, an essential customer service KPI in online casinos nowadays”. Depending on the original image size and type, the algorithm determines the accepted quality loss level and compresses the image accordingly.…

iGaming industry provider Pragmatic Play announced Wednesday the launch of its latest title, Boom City, thus expanding its Live Casino offering. Boom City showcases a 6×6 grid, with players placing bets across the 36 squares, and wins being awarded through the roll of two dice. These can grant one of three bonus games, award an instant cash prize and enhance winnings further through a Power-Up feature where squares are randomly multiplied.  Throughout Boom City, instant cash prizes are displayed on the game grid – Bronze prizes award a 1x multiplier, Silver denotes a 2x prize, and Gold represents a 5x win while…

MLB’s New York Mets owner Steve Cohen is reportedly ramping up efforts to secure one of three commercial casino licenses that have been made available for downstate NY. The businessman has been described as seeking to gain support from Mayor Eric Adams and Queens officials for his plans to partner with a casino operator. Sources further told New York Post that Cohen is eyeing redevelopment prospects around the Citi Field stadium in Willets Points. He has also reportedly started vetting several casino owners for his license push over the last few weeks, working with investment bank Union Gaming to choose…

Who better to track gambling in America than our friends at the American Gaming Association? And their statistics seem to indicate that we could be looking at record revenue numbers for 2022. It makes sense. After all, there are more states legalizing different forms of gambling than ever before. Not only is sports betting exploding, but the successful regulation of betting on sports has had the additional effect of expanding online gambling. And now, the AGA’s Commercial Gaming Revenue Tracker has tallied the numbers for the first part of the year. Those figures show that gambling in America is up…

Kambi Group announced Wednesday its financial results for the second quarter of 2022, which showed the company’s revenue amounted to EUR 34.7 million ($35.2 million), a 19% drop year-over-year; and EUR 71.5 million ($72.5 million) for the first half of the year. The operating profit (EBIT) for Q2 was EUR 4.9 million ($4.96 million) at a margin of 14.1%; and EUR 12.2 million ($12.3 million) at a margin of 17.1% for the first semester.  During the period, operator turnover increased by 16% when adjusting for the migration of DraftKings, leading to the final revenue in the second quarter. The company…

As reported by the South Dakota Commission on Gaming, Deadwood’s casinos have seen a 1.61% decrease in June in a year-over-year comparison after May’s one-month rebound.  This is a continued trend from March and April, when gaming handle decreased by 6.25% and 13%, respectively. There was a slight increase in May with a positive gain of 1.77% when compared to May 2021. So far, in 2022, Deadwood’s casinos have experienced a 0.97% decrease over the same time frame in 2021. Mike Rodman, executive director of the Deadwood Gaming Association, explained that while June’s numbers were down slightly, “we are comparing…

N1 Partners Group has announced the launch of its new promo for N1 Casino, called Lucky Spin, which allows players to get additional prizes for their activity. “The rules are simple: complete tasks, spin the wheel and win guaranteed prizes. You can complete both Silver and Gold Challenges to double your chances of winning big and get all the extra bonuses,” the company explained. The new promo at N1 Casino has already attracted players from Germany, Switzerland, Canada, and others. The project has won a lot of new audiences, and the duration of the gaming session and the growth of rates have increased several…

B2B online casino services provider Evolution announced Wednesday the launch of its Gold Bar Roulette, a new addition to its live Roulette family. The company describes it as a game that “puts players in control while offering increased entertainment and rewards.” According to Evolution, the “putting players in control” element means players can now choose their own lucky numbers instead of multipliers being assigned to random numbers. At the same time, players can take advantage of the potential for multiped wins by choosing the size of the multipliers.  In Gold Bar Roulette, every player can win Gold Bars with multipliers…

A committee of the Thai National Assembly that is analyzing the possibility of legalizing gambling submitted a report to Parliament on Wednesday recommending the government issues a decree allowing “entertainment complexes” that include legal casinos to be built in key cities across the country, in an attempt to reactivate the economy. If accepted, the blueprint could help Thailand in generating billions of dollars from foreign investors, travelers, and Thai gamblers “who would otherwise spend gaming money in neighboring countries,” according to the panel.  Pichet Chuamuangphan, the second vice-chairman of the committee, said: “We’re focused on attracting foreigners to step up tourism and…

Ohio has begun accepting applications from bars and restaurants seeking to join the upcoming sports betting market, and interest thus far seems high. According to a list released on Friday, over 1,000 businesses in the state have been pre-approved by the Lottery Commission, and about 130 of them have taken the next step by applying to the Casino Control Commission. Bars and restaurants seeking to add a sports betting kiosk to their operations are set to apply for Type-C licenses. While these permits will come from the Ohio Casino Control Commission (OCCC), the businesses must first get a recommendation from…

A sports betting bill in Massachusetts still has a shot at moving forward despite the pressing deadline for a consensus to be reached, Senate President Karen Spilka indicated. Legislators in the Bay State have less than a week of formal sessions left for a compromise proposal to emerge from conference committee, a move expected by state casino interests, which on Monday urged lawmakers to strike a deal. While House Speaker Ron Mariano voiced doubts last week on the efforts to bridge differences between Senate and House sports betting proposals, lamenting the chambers were “far apart” on the issue, Spilka struck…