Author: OnlineGamblingDaily

 May 9, 2022 Despite record breaking revenue numbers for Nevada and Las Vegas, Caesars Entertainment in hemorrhaging cash. While the company was able to generate $2.3 billion in revenue, which is up from $1.8 billion the year before, their net losses somehow increased from $423 in 2021 to $680 million this year. Part of the reason for the counterintuitive results lies in the fact that Caesars operational expenses are up over 45%. Those expenses came to $2.3 billion, which was their exact revenue that the company reported. Additionally, they lost $53 million from their digital segment, which had been profitable…

Join us as we go on some of the most wild and peculiar adventures the slot gaming world can offer. From mysterious caves to enchanted forests, we’ve got some unforgettable destinations lined up. We’ll also meet some fascinating characters along the way that can help us to win big and score some dazzling bonuses. Mega Moolah Absolootly Mad Thought the laws of physics were concrete did you? Thought you had reality figured out did you? Well, follow the white rabbit down its hole and you may just find yourself in a miraculous alternate dimension known as Wonderland where time runs…

Playtech released Thursday a trading update with “very strong” results for the first four months of 2022, showing an “excellent start” to the current financial year. Adjusted EBITDA for the first three months amounted to over 100 million euros ($106.2 million), and the positive Q1 run rate has continued through April, according to the UK gambling software developer, which noted that the positive performance has been driven by both the B2B and B2C businesses. The group’s Italian brand Snaitech has seen the same positive trends continue from the second half of 2021, driven by its online business, retail recovery and…

SOFTSWISS released Thursday a new report on crypto turnover within the iGaming industry, with information showing the comparative results for the first quarter of 2021 and 2022, based on the results of the SOFTSWISS Game Aggregator and the SOFTSWISS Casino Platform. The SOFTSWISS team gathered the most significant facts that reflect the significant growth of the crypto gambling market at the moment, and offered forecasts for future changes within the segment.  The company’s report shows that along with the global trend, which shows the growing popularity of cryptocurrencies, was the continuous development of crypto gambling. According to the statistics, the…

888sport announced it has renewed its regional agreement in the UK and Ireland with the US National Football League (NFL), in a contract extension that will see 888Holdings continue as the NFL’s sports betting partner in those markets until 2025.  The company’s logo will be visible on the exterior of the Tottenham Hotspur Stadium and Wembley Stadium during the NFL’s London fixtures over the next three seasons. The operator’s logo will also be featured at fan zones and on LED advertising boards, alongside a “strong brand presence” on TV and on highlights shows. There will also be a fan engagement element,…

Esports betting technology provider Esports Technologies announced Wednesday it has rebranded as EBET, a new name set to better reflect the company’s business and its mission of providing “innovative wagering and technology to the Millennial and Gen Z wagering market.” As part of the change, the brand has also unveiled a new company logo and launched a rebranded website. The new name underscores “EBET’s commitment to not only esports enthusiasts but also fans of all sports and casino games”, the company described in an official press release.  On the rebranding process, EBET’s CEO Aaron Speach spoke and said: “Our leadership team…

Playtech released Thursday a trading update with ‘very strong’ results for the first four months of 2022, showing an ‘excellent start’ to the current financial year. Adjusted EBITDA for the first three months amounted to over 100 million euros ($106.2 million), and the positive Q1 run rate has continued through April, according to the UK gambling software developer, which noted that the positive performance has been driven by both the B2B and B2C businesses. The group’s Italian brand Snaitech has seen the same positive trends continue from the second half of 2021, driven by its online business, retail recovery and favourable sports results. B2B performance has been driven by ‘very strong momentum’ from the…

Hospitality and entertainment giant Hard Rock International has signed a partnership with Formula One racing team Oracle Red Bull Racing in anticipation of F1 arriving in Florida for the inaugural Miami Grand Prix, due to take place on May 8. The new deal also involves esports. The multi-year agreement, announced on Thursday, will see Hard Rock join Red Bull Racing in a range of key roles: Official Team and Viewing Partner, which includes integrated resorts, casinos, hotels, restaurants and retail. “From South Florida’s flagship Guitar Hotel at the Seminole Hard Rock Hotel & Casino Hollywood and across its locations in…

Quick Custom Intelligence announced Wednesday that David Jacques Farahi has been named Executive Chairman of the company, a position that will see Farahi focus on financial matters, working with key clients, product development, sales, and developing initiatives to expand the brand into new verticals.  Farahi commented about his new role in the company in an official press release issued by QCI and said: “In my time as an advisory board member at Quick Custom Intelligence, I have had the opportunity to not only interact with the revolutionary and award-winning team, but hear from and support our dozens of clients.” “It…

As reported by the Maryland State Lottery and Gaming Control Agency, the state’s six casinos saw a total of $171 million in gaming revenue in April, up 5.3% from a year earlier and surpassing March, becoming the fourth-best month on record for casino gaming revenue.  MGM National Harbor generated the most gaming revenue and saw the biggest year-over-year increase, raking in $71 million, up 13.1% compared to 2021’s numbers. Live! Casino & Hotel had $58.1 million in gaming revenue, an uptick of 1% year-over-year. Gaming revenue at Horseshoe Casino was down 3.8% at $19 million. Among the state’s three smaller…

Sports betting giant DraftKings has shared its financial report for the first quarter of the year. The business has delivered revenue of $417 million, an increase of 34% from $312 million in Q1 2021. The company has now raised its full-year guidance for both revenue and Adjusted EBITDA based on continued strong customer behavior and optimization of the cost structure. Revenue for the B2C segment grew to $404 million, up 44% from the comparable period last year. Adjusted EBITDA in the first quarter outperformed the midpoint of the guidance previously provided by the company in February by more than 12%.…

iGaming industry content provider Pragmatic Play announced Friday it has contributed €18,000 ($19,000) to two established autism causes as it continues to donate towards significant charitable concerns across the globe.  Back in April, during World Autism Awareness Month, the company supported key programs in both building new facilities and assisting in daily activities.   The company has been working closely with Autism Voice in Romania. The charity, set up in 2008, assists families with autistic children in its two therapy sites. It is set to open a research center, the Autism Voice Institute, which will cover an area of over 1,000 square meters in…

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Sportsbook and casino platform provider Digitain announced that it has won the Sports Betting Platform of the Year Award at the recent International Gaming Awards ceremony for the second consecutive year. The event took place in London on April 11. Simon Westbury, Digitain’s Chief Business Officer, commented on receiving the award and said: “We are extremely pleased and honored to have been recognized by IGA in such an important and competitive category. To receive the Sports Betting Platform of the Year award is a wonderful recognition of the hard work and innovation delivered by our fantastic teams in Yerevan.” Simon Westbury, Digitain’s Chief Business Officer…

Last month, ICE London returned as an in-person event following a two-year pandemic gap. Yogonet had the opportunity to speak with two of Digitain’s executives: Chief Business Officer Simon Westbury, and Matthew Charlesworth, Managing Director of Digitain Live who shared an assessment of the iGaming software solutions provider’s presence at the expo, which saw the Digitain Sales Team have over 265 meetings across the three days of ICE. The executives also shared Digitain’s future strategic plans for its new Live Casino division, and for the year ahead. During a previous interview, you said that the company would be showcasing five products at…

iGaming expert and software provider SOFTSWISS announced on Friday it has partnered with online gaming operator IGUBET by launching two joint projects: a sports betting brand and an affiliate marketing platform. The comprehensive cooperation agreement is set to give the brand “the opportunity to win one of the leading positions in the market,” according to a press release, by offering its players “engaging and well-thought-out iGaming solutions.” IGUBET has become the first project for the SOFTSWISS Sportsbook to launch exclusively on the sports betting platform without relying on a casino/as opposed to integrating it with a casino platform, SOFTSWISS explains.…