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”…
Author: OnlineGamblingDaily
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…
Casino and hospitality giant Caesars Entertainment announced Thursday it has signed a multi-year strategic partnership with NFL legend Peyton Manning’s Omaha Productions, with which it will launch the Omaha Audio Network. It is described as a full-service audio production network, featuring a variety of new digital series developed specifically for Caesars Entertainment and Omaha Production’s social media channels, and a live event series later this year. The Omaha Audio Network’s podcast lineup will feature talent from a wide variety of sports. Through its strategic alliance, Manning and Omaha Productions will also serve as Executive Producers for a variety of new…
The Blazin’ Bullfrog online slot comes with 5 reels, 3 rows and 243 paylines! There are Wilds, Expanding Wilds, and Scatter symbols! Plus Re-Spins and Wild Scatter substitutes for all symbols! You can even take the Blazin’ Bullfrog slot with you on your mobile device! Yup, the Blazin’ Bullfrog slot is Play’n GO‘s try at a sequel, of sorts, to the Fire Toad slot. However, putting aside the names and the burning amphibians, there are few similarities between the games. Blazin’ Bullfrog can be played on mobile devices and desktop computers with stakes between 10 p/c to £/€100 a spin.…
Ahead of the return of ICE London to its traditional February dates in 2023, event organizer Clarion Gaming has teamed up with the European Casino Association (ECA) to create the ECA/Clarion/ICE Symposium, which will be taking place on July 13 at Les Ambassadeurs Casino in Mayfair, London. Brussels-based trade association ECA and Clarion Gaming first announced they were teaming up for the launch of the symposium in April. The event is set to draw on the experience, needs, and insight of operators and games creators in order “to plan how the casino sector can come back stronger post-Covid” and “to confirm what…
Gaming provider Zitro announced its Altius Glare cabinet has made its European debut at three of the main casinos of French operator Barrière Group: Casino Barrière Toulouse, Casino Barrière Lille, and Casino Barrière Enghien-les-Bains. This new star cabinet arrives with the new “Wheel of Legends” multi-game Progressive Link, with four exclusive game titles featuring four mythical characters. Since its release, Altius Glare has captivated “players around the world thanks to its impressive format,” says Zitro. The cabinet features a 55” screen combined with a 27” HD screen, offering a giant real estate for 4K graphics and a smart LED halo, “which…
Sports technology company Sportradar announced Thursday it is providing French operator La Française des Jeux (FDJ)’s online sports betting brand Parions Sport en ligne with an artificial intelligence-driven, near-live premium sports video content in the form of thirty-second clips of key moments from matches. FDJ is the first French operator to leverage Sportradar’s Live Channel Promotion service. The solution deploys latest machine learning and automation technologies in partnership with Sportradar’s technology partner WSC Sports, in order to provide ParionsSport en ligne customers with thirty-second near-live video clips of key moments from sports matches. Customers must subscribe to receive the short-form video…
Oklahoma’s Choctaw Nation has confirmed the date on which it will officially break ground on Choctaw Landing – Hochatown, its new entertainment and resort development in the state. Construction is set to start on Tuesday (June 14), with an opening targeted for late 2023. The new casino and hotel venue will be at the corner of N. U.S. Highway 259 and OK-259A in Hochatown, southeastern Oklahoma, near the popular vacation destinations Broken Bow Lake and Beavers Bend State Park. “The name Choctaw Landing signifies that guests have arrived at a place that feels like home,” a press release explains. The…
