Gaming and hospitality giant MGM Resorts International has shared its report for the first quarter of 2022. The business delivered consolidated net revenues of $2.9 billion, compared to $1.6 billion in the prior-year quarter, representing an increase of 73%. Casino revenue increased 29% to $1.42 billion, while rooms revenue increased by 181% to $557.1 million. Food and beverage revenue rocketed by 213% to $492.9 million, while entertainment, retail and other revenue jumped 175% to $371.6 million. Operations on the Las Vegas Strip accounted for $1.67 billion of total revenue. The quarter benefited from the inclusion of the operating results of…
Author: OnlineGamblingDaily
As industries and companies across the globe are looking to shape their goods and services to match evolving trends in terms of customer loyalty, Uplatform, a global sports betting and casino operating platform, has analyzed and shared insights related to demographics and casino gaming content. The company notes that the influence of player demographics has shaped casino content over the years, especially as more younger generations enter the space looking for “all things fast, exciting, and volatile.” Uplatform has outlined insightful observations to explain the factors behind this process and thus provide new resources and tools for the iGaming industry.…
SBC’s Betting on Sports Europe 2022 is all set to take place on June 7-9 at Twickenham Stadium in London, with organizers anticipating 800 operators, 2000 delegates, 200 speakers, and 30 exhibitors. One of the leading sports of the in-person industry event is SUZOHAPP, a global distributor and manufacturer of gaming and betting products. In a video conversation with Yogonet, Tim Kennedy, SUZOHAPP’s Vice President of Sales for Europe, explains this has become a very important event in the calendar for betting operators. “And increasingly our focus for the last 18 months has been sports betting terminals. But I think…
iGaming content provider Pragmatic Play announced Tuesday it has partnered with Live Casino operator Stake to deliver a purpose-built dedicated studio. The agreement will see the supplier build a 12-table studio replete with Stake branding, to deliver an immersive Live Casino experience. Included in the space will be 10 blackjack tables, one specifically for roulette, and speed baccarat. Stake is a community-based betting platform that quickly established itself as a cryptocurrency sportsbook and casino. Its footprint includes markets such as Canada, Brazil and more. The deal follows similar agreements with Kindred, 1xbet, 888 and Mansion to deliver dedicated Live dealer…
PlayBonds’ authorities officially announced the relaunch of its online bingo offering, by integrating more functionalities from END 2 END’s omnichannel platform. In this way, the Brazilian iGaming operator will have one of the most recognized Multiplayer Bingo technologies available in the market, while enabling it to offer a very wide variety of real-time bingo games in different modalities: Online, Retail and Live. Pablo Bonifacich, Chief Technology Officer of PlayBonds, said: “Having a flexible, consolidated, and robust Multiplayer Bingo platform such as END 2 END’s allows us to strengthen our growth with high-quality products and provide an excellent experience to PlayBonds’…
Greentube, the NOVOMATIC Gaming and Entertainment division, has taken its content live in Italy with renowned operator PokerStars. The launch is to be followed by other major markets on the continent, including the UK, Denmark, Spain, Greece, and Romania. A selection of the supplier’s titles is now available to PokerStars’ Italian customers, including Book of Ra, Dolphin’s Pearl Deluxe, and Lucky Lady’s Charm. The new, long-term partnership with PokerStars -the world’s largest poker site and a Flutter Entertainment brand- represents “a major deal for Greentube, with the ultimate goal being to roll out its premium, localized content with the tier-one operator in multiple regulated…
Sports betting is now legal in Maine. Gov. Janet Mills has signed bill LD 585 into law, which allows retail and mobile sportsbook operations in the Pine Tree State. The legalization comes after Mills vetoed a bill in early 2020, which made fans believe this time would never come. The new market provides tribes in the state with exclusive control over the online segment. “This law provides meaningful economic opportunities for the Wabanaki Nations. It incentivizes investment in Tribal communities, and it formalizes a collaboration process on policy that sets the foundation for a stronger relationship in the future,” Mills…
Gaming test lab and product certification consultancy BMM Testlabs announced Monday that it presented a donation to the Intertribal Education Foundation at the Indian Gaming Tradeshow & Convention on April 21. Holly Billy, Tribal Services Manager, said: “This donation was part of our Next Generation initiative, where our goal is to make a difference in tomorrow’s tribal communities today. We do this by providing access to financial and educational resources to ensure the success of tribal youth. BMM’s Next Generation initiative has been active for six years, and we look forward to more tribal community service opportunities.” BMM was happy to…
Nevada has seen the introduction of a new bill that would change the panoramics of the Las Vegas Strip, as a state lawmaker proposed to permanently ban cars in the area. Clark County Commissioner Tick Segerblom introduced the measure after last week’s NFL Draft, when the Strip was shut down to all traffic for three days, a temporary episode after which local officials claimed to have received positive feedback from tourists. The bill suggests the closing of the Strip to cars for a weekend morning for walkers, bicyclists and joggers. If it has a positive impact, the measure could grow…
This week’s gambling news finds the Las Vegas Palms back up and running! Under new management! And becoming the first Tribal casino in Vegas! Plus, a casino billionaire is buying up land on Las Vegas Boulevard! Plus, two new game reviews just in time for Cinco de Mayo! The Las Vegas Palms is finally back up and running after closing for the pandemic, making them one of the last casinos in Sin City to reopen their doors. But the story here is not THAT the Palms is operating again, so much as WHO is operating the Palms! While they may…
Gaming technology and services provider BetConstruct is expanding its virtual sports portfolio, the company announced on Monday. The business is presenting Spin to Win, which it describes as a simple virtual bet-on game “that stands out with its own specifics.” The game of luck is based on the NRG system, with a new game round starting every 3 minutes, which is configurable per partner’s need. There are five betting markets in the game, including number, color, sector, dozen and even/odd: all these are displayed in the paytable to the right of the wheel. The virtual roulette primarily runs on software…
Kindred Group announced Thursday it has renewed its investment in a program of Rangers Charity Foundation, backed by Rangers Football Club in Glasgow, Scotland. “Team Talk” program aims to support men’s mental wellbeing, through building resilience, improving social circles, enhancing confidence, increasing physical activity and helping adult men to feel more supported. Team Talk has already helped men across Glasgow to seek help and advice on mental health issues thanks to initial funding received from Kindred in 2021. Alongside this renewal, the Unibet owner has also announced a donation of its front-of-shirt sponsorship to the “Team Talk” project logo, which was worn…
Content provider to the iGaming industry Pragmatic Play has grown its LatAm presence with Brazilian operator Jogos da Sorte in a deal that will oversee the launch of two of its verticals. Jogos da Sorte customers will now gain access to Pragmatic Play’s collection of titles, headlined by its first Crash game, Spaceman, as well as the recently released Rainbow Gold, Wild Beach Party, and Fruit Party. Pragmatic Play will also provide the operator with its portfolio of Live Casino games, comprised of traditional card games like Blackjack and Baccarat, as well as the game show-inspired release, Sweet Bonanza Candyland. Victor Arias, Vice President of Latin American Operations at…
Grupo GI Euromex announced Monday the incorporation of Zitro’s MEGASHARE Lounge progressive system to its Mexican operations, reaching 500 cabinets deployed throughout the territory. MEGASHARE Lounge includes a range of features, among them one by which all players receive a prize whenever another player wins the MEGA jackpot. GRUPO GI EUROMEX incluye MEGASHARE Lounge y Altius Glare con su novedoso multijuego Wheel of Legends, y alcanza los 500 gabinetes desplegados en todo el territorio mexicano.🎰🇲🇽 🤝¡Agradecemos a GRUPO GI EUROMEX por confiar en Zitro!🤝https://t.co/i6j2sv51T7#ZitroSureBet — Zitro (@Zitrogames) May 2, 2022 In addition to this premiere, there is the installation of…
Online betting and gaming company 888 announced Thursday a new partnership with provider of tamper-evident security solutions ECOSEC to use its biodegradable poker chip bags at all upcoming 888LIVE events, starting with 888poker LIVEBarcelona on May 12-23. 888poker will replace the essential, secure bags which were previously used with ECOSEC’s biodegradable, tamper-evident bags made from a Low-Density Polyethylene, which has an additive that makes the plastic oxo-biodegradable. This will enable all players at the tournament to continue to store their accumulated chips in a safe and secure way, without the use of single-use plastic. All chip bags will be branded with…
Casino and hospitality giant MGM Resorts International has announced an offer to acquire online gaming operator LeoVegas. The Nevada-based heavyweight has commenced a public tender offer for 100% of the shares of the Swedish business at a price of SEK 61.00 in cash per share, equivalent to a total tender value of approximately $607 million. The acquisition is set to advance MGM Resort’s strategy for the digital gaming segment, expanding it internationally. The transaction will be financed with existing cash and is expected to be accretive to MGM Resorts’ earnings and cash flow per share. “Our vision is to be…