Author: OnlineGamblingDaily

Manufacturer and supplier of gaming products PlayAGS has shared its financial results for the first quarter of 2022. The company posted consolidated revenue of $72.9 million -marking the fifth consecutive quarter in which quarterly sequential revenue growth was delivered-, showing an increase of approximately 32% year-over-year. AGS President and Chief Executive Officer David Lopez, said: “I am encouraged by the degree to which the operating momentum we established throughout 2021 continued into the first quarter. We have heavily invested in strengthening the foundation of our Company over the past couple of years and are beginning to realize accelerating returns on these investments. To that end, I believe our solid…

Century Casinos announced Friday its financial results for the first quarter of 2022, which saw the company’s net operating revenue escalate 40.2% in a year-over-year comparison to $103.1 million during the period. The business now expects an increase in performance through the remainder of 2022, driven by recent acquisitions. The brand’s earnings from operations were $13 million, an increase of 58% from the same period in 2021. Net earnings attributable to Century Casinos’ shareholders were $0.2 million, and Adjusted EBITDA was $25.8 million, an increase of 62% from 2021.  Along with the release of the financial report, Erwin Haitzmann and…

Sports betting giant DraftKings has completed its acquisition of Golden Nugget Online Gaming (GNOG), the company announced on Thursday. The deal was first unveiled in August last year, an all-stock deal worth roughly $450 million that involves Golden Nugget’s iGaming product and existing combined database of more than 5 million customers. The GNOG acquisition is expected to, among other things, allow DraftKings to leverage Golden Nugget’s established brand to broaden its reach into new customer segments. It will also enhance the combined company’s iGaming product offerings through DraftKings’ vertically-integrated tech stack and GNOG’s unique capabilities, including Live Dealer. The transaction…

Online casino content supplier CT Interactive has signed a new deal with Bulgarian industry new-found operator 8888.bg. The provider’s library of titles is now live with the casino brand. “CT Interactive is pleased to announce that 8888.bg is now part of our fast-growing client base. More Bulgarian players will be provided with the best gaming experience and our products of the highest quality by our new partner”, said Lachezar Petrov, CEO of CT Interactive. The move represents another significant step in the company’s ongoing expansion into key regulated markets, CT Interactive stated.  Lachezar Petrov, CEO of CT Interactive CT Interactive’s agreement…

As Chicago City prepares for a new sports betting market and in-arena sportsbooks, Caesars Entertainment announced Thursday it has entered a new deal with MLB’s Chicago White Sox to make Caesars the Exclusive Casino Partner of the team, and to name the company’s Sportsbook its Official Betting Partner.  This wide-ranging collaboration builds upon Caesars’ presence and history in Illinois and northwest Indiana, the company said, states where the business offers entertainment experiences at Harrah’s Joliet, Harrah’s Metropolis, Horseshoe Hammond and Grand Victoria Casino Elgin.  Caesars Entertainment and Caesars Sportsbook now have access to official Chicago White Sox logos and marks,…

ICE London organizer Clarion Gaming announced Thursday that ICE Consumer Protection Zone supporters raised £46,000 ($56,000) for safer gambling charities in this year’s edition of the renowned trade expo, held last month. Organizations including GamCare, the Responsible Gaming Council and Better Change were recipients of this year’s charity fund donated by supporters of the CPZ.  The fund was made up of £6,000 ($7,300) donations from bet365, Kindred, Entain, Videoslots, Sky Betting and Gaming and IMG Arena, enhanced by a £10,000 ($12,300) contribution from Ambassadeurs Group. The sum takes the total raised for gambling industry charities over the last three editions…

Missouri proffesional sports teams and legalization backers are making a last-minute push for sports betting in the state as the session ticks away and neighboring Kansas moves forward with its own plans for a legal sports gaming market.  The pro team’s ongoing lobbying efforts come as the Legislature’s upper chamber debated a proposal late Wednesday that would tax sports wagers at a 15% rate, almost double an 8% tax approved earlier this year by the House. The proposal, sponsored by Sen. Denny Hoskins (R-Warrensburg), would generate an estimated $114 million in revenue and would also allow certain kinds of bets…

There have been thousands of online slot titles released over the years, covering almost every theme imaginable. Whatever topic you are interested in, you’ll probably find a slot machine related to it. From popular culture and entertainment to ancient history and fantasy, the world of slots has it all covered. Even relatively mundane topics such as gardening and cooking are featured in online casino slot titles. Creative concepts With so many topics covered, game developers must use their creativity to come up with new concepts. This can sometimes involve taking an older theme and ramping it up to a new…

The sale of the Cosmopolitan Casino in Las Vegas is moving forward, following the Nevada Gaming Control Board unanimously approving the transfer of interest and licensing to MGM. Now, the state Gaming Commission will weigh in on a final approval on May 19th. The Cosmopolitan Casino, in a prime location on the Las Vegas Strip, opened its doors in December of 2010. It was built for $3.9 billion, and now MGM will purchase the operations of the property for $1.6 billion.It sits beside the popular CityCenter complex and the Bellagio casino, both owned by MGM Resorts. Despite the positive move…

Las Vegas-based casino and hospitality business Red Rock Resorts has announced financial results for the first quarter of the year. The Station Casinos parent company delivered net revenues of $401.6 million, an increase of 14% from $352.6 million in the same period of 2021, while it advances its Durango Casino & Resort project in the Las Vegas Valley and its cashless strategy. Additionally, the business posted net income of $92.2 million, an increase of $198.8 million from a net loss of $106.6 million in the comparable period last year. Adjusted EBITDA was $178.7 million, up 14% from $156.6 million in…

Ohio is moving forward with the launch of its legalized sports betting market. The Ohio Casino Control Commission announced on Wednesday that it will begin accepting sports betting license applications in June. A first application window starts on June 15 for Type A, B and C proprietors, first-designated mobile management services providers (MMSPs), management services providers, and suppliers. The window is to close on a July 15 deadline.  A second application window will then commence on July 15 for Type C sports gaming hosts and second-designated MMSPs. It will close one month later, on August 15. Type C licenses bring…

Uplatform, a sports betting platform provider, has identified Africa as one of the most promising markets, due to its strong base of young, tech-hungry sports fans, growing levels of technology penetration, and regulated markets. But, despite this high potential, these markets can also present some challenges to enter. Therefore, the company has issued the following analytical article to examine the key challenges that operators planning their expansion to the African market should be aware of, and provide insights and tips for overcoming them. The Infrastructure Challenge According to stats cited by Uplatform, offline bettors can be converted to online betting,…

Genius Sports announced Wednesday it has secured a new partnership deal with online sportsbook Betsul to help power its offering in Brazil.  Described in a press release as one of the largest online sportsbooks operating in Latin America, Betsul will benefit from Genius Sports’ full suite of data-driven outsourced solutions including PreMatch, LiveTrading and Risk. Genius Sports will provide Betsul with full flexibility over their entire sportsbook operation, expected to help maximize turnover, margins, and control. Betsul will also receive Genius Sports’ live streaming service, providing its customers with low latency broadcasts across thousands of events a year. Included in…

Last month, the renowned ICE London trade show returned as an in-person event following a two-year pandemic gap, gathering hundreds of attendees at ExCel London, April 12-14. Among exhibitors was gaming certification lab BMM, which was able to catch up with clients and partners at its stand, reconnecting face-to-face. “Our stand was constantly busy as our team curated our own meeting schedule,” BMM Testlabs’ Jon Stuckey, SVP Business Development, EURSAM; and Andrea Zanettini, Vice President of Land-Based Sales, EURSAM, tell Yogonet in a post-ICE interview. “We are seeing major opportunities in all United States markets, and throughout the rest of…

As announced by a Caesars executive during a Danville City Council Meeting on Tuesday, the opening of a new casino at the former Schoolfield Mill in Danville, which was originally set for December 2023, will be delayed until 2024. Robert Livingston, Senior VP for Development for Caesars Entertainment, described the opening date set for 2023 as an “unrealistic goal” for this half-billion dollar project, due to supply chain issues and labor shortages, reports 10 News. In addition to the economic problems, Livingston pointed out that there are some challenges when it comes to turning the old mill complex into a state-of-the-art…

A California advocacy group backed and funded by major online gambling operators DraftKings, BetMGM, FanDuel, Bally’s Interactive, WynnBET, among others, announced on Monday that it had collected enough signatures that would qualify a measure on the November ballot that would allow gaming companies and Native American tribes to provide online sports betting across the state. The tax revenue would address homelessness and mental health in California. ​​Californians for Solutions to Homelessness and Mental Health Support said it collected about 1.6 million signatures for the measure, more than the roughly 1.1 million signatures required to authorize a ballot measure in the…