Author: OnlineGamblingDaily

Global sports betting and gaming group Entain announced Tuesday that it has agreed to acquire the entire share capital of BetEnt B.V. -which trades under the BetCity.nl name- from Sports Entertainment Media B.V. for an initial consideration of €300 million ($314 million) and deferred contingent consideration of up to €550 million (approximately $575.75 million). “This acquisition will create a strong market operator with significant growth opportunities, in line with the group’s strategy,” the company stated in a London Stock Exchange filing. The acquisition is expected to complete during H2 2022. The company described BetCity as “one of the Netherlands’ leading online sports betting and gaming operators.”…

iGaming technology and content provider Bragg Gaming Group announced on Monday that it will appoint Yaniv Sherman as the company’s new Chief Executive Officer, effective July 1, 2022. Sherman brings to Bragg more than 20 years of experience in leading global teams across the gaming, software, and online gaming sectors, including, most recently, 15 years as a senior executive at 888 Holdings plc. The company also announced that Sherman’s appointment marks the conclusion of the Board of Directors’ review of strategic alternatives, which was announced in November 2021. Sherman joins Bragg from 888 Holdings plc, where he served as Senior Vice President and…

Greece might see a EUR 6 billion ($6.2 billion) windfall from the proposed Elliniko resort casino now that the concession agreement for the license to operate the property has been finalized. The deal was signed on Thursday, marking the beginning of greenfield investments in the Greek gaming market, with a consortium backed by Greek construction giant GEK TERNA winning the permit. The investment will start from scratch, reports Business Daily, and will create a premium tourist spot, expected to offer employment to thousands of people, yield significant revenues to the public sector, and add value to Greece’s brand.  Mohegan Gaming &…

India’s Information and Broadcasting Ministry on Monday issued an advisory to media platforms, asking them to refrain from accepting advertisements that promote online betting. “Betting and gambling, illegal in most parts of the country, pose a significant financial and socio-economic risk for the consumers, especially youth and children,” stated the advisory to print, electronic and digital media. The ministry said the advisory has been issued in the larger public interest and comes in the light of instances of a number of advertisements of online betting websites/platforms appearing in print, electronic, social, and online media, as reported by the Business Standard. In…

Gaming industry provider Zitro has successfully held its Zitro Experience Mexico event, gathering the country’s gaming industry on June 9. The meeting, described as full of surprises, allowed the company to present some of its latest products to attendees. Among the novelties showcased were a hundred machines of the GLARE family, with its most innovative creations of video bingo and video slot, in addition to its MEGASHARE Lounge. All of this was presented “for the first time” to the Mexican market, the company explains. “Zitro surpasses itself with each new launch, and this was confirmed by the guests at the…

Content provider to the iGaming industry Pragmatic Play is set to take a main role in the upcoming Brazilian iGaming Summit, to be held June 28-29 at São Paulo’s Boulevard JK, by becoming the event’s diamond sponsor and exhibiting at the expo.  Pragmatic Play’s Vice President of LatAm operations, Victor Arias, will take part in the discussion panels, sharing his insights at the “Performing in Brazil – The Pragmatic Play success case” session. Then, on June 30, the provider will be participating in the LatAm Affiliates event. It will mark the latest conference attended by the provider in Latin America in…

While the company has been hemorrhaging cash for several years, Caesars sports betting is now expected to be generating a profit for the company by the fall of 2023. This according to their CEO, Tom Reeg . In a story reported on Yahoo! Finance, Caesars online gaming and sports betting lost over $550 million in just the first quarter of this year. But according to Reeg, the company has a plan. First up, they will cut their marketing spend, saving over $250 million. The second step in the recovery process is for Caesars to narrowly target their more “profitable customers”…

On Wednesday and Thursday this week, Novomatic will be one of the main exhibitors at Peru Gaming Show (PGS), at booth #71 of Lima’s Jockey Club Peru. Max Bauer, Vice President for Latin America & Caribbean; and Katty Lopez, Sales Director of Novomatic Peru, anticipated the Austrian group’s strategy for this event and regional market in an exclusive interview with Yogonet. The manufacturer will showcase a new cabinet for the first time in Latam, and the complete team for the region will be on-site expecting operators from Peru and many other Latam countries. Furthermore, they welcome the ongoing local regulation efforts in Latin America, most…

iGaming Content provider Pragmatic Play has launched a bespoke live studio with Super Group’s renowned Betway brand. According to the company, the major deal will see the relationship between the two enhanced with a dedicated Blackjack studio, which will be replete with Betway branding throughout, giving customers an “unmatched immersive environment” to enjoy “one of the most popular” casino games. The agreement marks a further expansion of the existing relationship between the two companies, with Betway already taking the provider’s vast array of slots and live casino titles.  — PragmaticPlay (@PragmaticPlay) June 13, 2022 The dedicated studio deal gives further momentum to…

Zitro Digital, the online business unit of gaming industry provider Zitro, has partnered with B2B technology provider EveryMatrix. The new agreement will see a selection of Zitro Digital’s land-based games integrated into CasinoEngine, EveryMatrix’s iGaming Integration Platform. “This new partnership expands Zitro Digital’s presence in the online gaming industry and reinforces its mission to offer high-quality content to operators seeking exceptional player experiences,” the company stated in a press release. Players will gain access to Zitro Digital titles such as Link King, Link Me, and its video bingo game library. “We welcome Zitro Digital’s games portfolio on our CasinoEngine platform. We will offer our…

Gaming manufacturer and supplier Ainsworth announced Monday it will be presenting its complete line of cabinets headlined by the latest A-Star Slant -which features “a built-in pedestal that adapts to all casino floors”- at Peru Gaming Show 2022. The company will showcase its products at booth #69 during the expo, which will take place June 15-16 at the Jockey Convention Center in Lima. The A-Star lineup will include the A-Star XL, which is known for its large 55″ screen “that offers a premium gaming experience,” and the A-Star Curve cabinet, which Ainsworth describes as already having a proven track record…

The board of sports betting heavyweight PointsBet has rejected an AUD 220 million-plus ($153 million) offer for its Australian division made by Rupert Murdoch’s News Corporation and digital wagering pioneer Matthew Tripp. As reported by the Sydney Morning Herald, the board, led by former UBS banker Brett Paton, turned down a non-binding indicative offer from the News Corp Australia-led consortium two weeks ago. Renowned mogul Rupert Murdoch controls a multi-billion dollar global media empire, which includes the Fox News Channel in the United States, a string of global newspapers such as The Australian, and the Foxtel pay-TV business in Australia.…

Slotegrator announced Friday it will participate in the upcoming edition of iGB Live!, which will take place on July 5-8 at the RAI Amsterdam Convention Center. The software developer and aggregator will be among more than 4,500 iGaming and affiliate representatives who are attending the event.  The company explained that it will showcase its products and services on Stand #M40, where visitors will be able to see how the company’s new platform works and how they can deploy their project “in just a few clicks”. Furthermore, the demo version of  Telegram Casino will also be on display. The company further said it…

The International Center of Gaming Regulation (ICGR) of the University of Nevada, Las Vegas (UNLV) has launched the first-ever Sports Wagering & Gaming Week, which will feature two in-person events in Las Vegas. The Gaming Startup Bootcamp, on July 25-26, will target entrepreneurs entering the gaming space. Immediately following, the ICGR will host Principles of Sports Wagering: Policy & Operations, on July 27-28, which will provide a broad and deep education in sports wagering public policy, trends, operations, and other aspects of the gaming industry. Gaming Startup Bootcamp This program will take place at Black Fire Innovation, and will address the overarching…

The Venetian said Thursday that George Markantonis is leaving his role as President and Chief Executive Officer. Patrick Nichols, who began his career with The Venetian and is currently the General Manager & Chief Strategy Officer at The Cosmopolitan of Las Vegas, will replace him in both roles, effective August 1. Markantonis, who had joined the company in 2015, will continue to serve as CEO until that time, and then he will assume the role of special advisor to the board. The company, which includes The Venetian Resort Las Vegas and The Venetian Expo, is owned by New York-based investment…

The European Gaming and Betting Association (EGBA) and VIXIO GamblingCompliance will host a webinar discussion about intellectual property rights (IPR) and online advertising for gambling services on Thursday, June 16. In 2021, there was a 55% decrease in advertising from major gambling brands appearing on IPR-infringing websites in the European Union, while advertising from all gambling brands decreased only marginally, according to organizers, who further cite data showing that the gambling sector is responsible for 25% of advert impressions on IPR-infringing websites in the EU. Key topics to be addressed include the role regulators can play in preventing gambling advertising on…