Author: OnlineGamblingDaily

DraftKings announced that it has reached an agreement to acquire lottery app Jackpocket for a total consideration of approximately $750 million, in a deal the US sports betting giant expects will generate up to $340 million in additional revenue annually.   Under the terms of the merger agreement, Jackpocket stockholders will receive a total consideration of approximately $750 million on a fully diluted basis, consisting of approximately $412.5 million in cash, subject to certain customary purchase price adjustments, and approximately $337.5 million in the company’s Class A common stock. The merger agreement and the proposed transaction have been approved by…

The Coalition for Fantasy Sports, a group representing the interest of Daily Fantasy Sports (DFS) operators, has announced its support for Illinois House Bill 5648, the Fantasy Sports Consumer Protection Act, aimed at providing a regulatory framework for DFS within the state. While Illinois legalized sports betting in 2019, the state did not pass a legal framework for games of skill at the time. This proposed bill would “close an essential chapter in the effort to safeguard fantasy sports fans throughout Illinois,” according to the coalition. “The proposed legislation aims to not only protect the hundreds of thousands of fantasy…

The California Nations Indian Gaming Association (CNIGA) will be holding its 27th annual Western Indian Gaming Conference (WIGC) and trade show from February 20 through 22 at the Pechanga Resort Casino in Temecula, California. The Western Indian Gaming Conference and trade show has proven to be “one of the most informative conferences in Indian Country,” CNIGA said in a statement. More than 500 tribal leaders, regulators, government officials and industry professionals will be in attendance for this year’s edition of the event. CNIGA Chairman James Siva will deliver the annual State of the Tribal Nations address on Tuesday, February 20 at 9 a.m., outlining…

HIPTHER Agency announced an Online Voting Session for the GamingTECH Awards 2024, which will take place at the Prague Gaming & TECH Summit on March 26. This year, the Awards will be honoring excellence in GameTech in Central and Eastern Europe. The GamingTECH Awards is a celebration of industry excellence in the CEE region. “Embracing the latest advancements and trends, the awards highlight exceptional achievements across various categories, from companies of a global caliber,”  the HIPTHER noted.  Following the online nomination period that took place between October 16 to December 31, 2023, the time has come for all the Nominees…

A gambling proposal to authorize lottery, sports betting, and multiple casinos across Alabama was approved by a legislative committee. The Alabama House Economic Development and Tourism Committee greenlighted the two-bill package on Wednesday, which puts the proposal in line for a significant vote in the state House of Representatives.  If approved by the state Legislature, the proposal would go before Alabama voters as a proposed constitutional amendment in the November general election, which will be the first public vote on gambling since a proposed lottery was rejected in 1999. In Alabama, gambling legislation for the past 25 years has been…

The Pennsylvania Gaming Control Board has released the official numbers for the Super Bowl wagers placed in the Commonwealth. Preliminary figures show $71,554,099 was wagered in the state on this past weekend’s San Francisco 49’ers/Kansas City Chiefs Super Bowl through retail and online sportsbooks. That was a 15% decrease over the wagers placed in Pennsylvania when the local team Philadelphia Eagles appeared in the Super Bowl against the Kansas City Chiefs last year. After payouts, revenue is expected to be $11,062,911, down from $29,722,902 in 2023. This was the sixth year in which legal sports wagering was available in Pennsylvania…

The 8th Civil Court of Santiago announced that it has initiated the judicial reorganization procedure filed at the end of January by Enjoy, a major operator in the gaming sector in Latin America, and granted the company the financial protection provided by law until April 24. In a communication from the company to the Financial Market Commission (CMF), the operator indicated that the reorganization process will be in charge of the lawyer and overseer Juan Ignacio Jamarne, who will be responsible for conducting the instance with the creditors. It should be noted that on January 29, Enjoy informed the CMF…

The Indian Gaming Association and iGaming Business have teamed up to launch the DigitalPlay Summit, an event set to connect the expertise of U.S. tribal and commercial operators with stakeholders from the world of online sports betting and iGaming sectors. Taking place from April 10 – 11 at the Indian Gaming Tradeshow & Convention in Anaheim, California, the summit “will help shape the future of the North American gambling industry,” according to the parties. Brands including AGEM, Geocomply, and Everi have already confirmed their presence in the DPS’ dedicated section on the show floor, with a host of other industry…

New York State Senator Jessica Ramos said she could soon decide on whether to back or not the plan to build a casino complex in Northeast Queens, proposed by New York Mets owner Steve Cohen. Cohen has bid to build a casino, park, and entertainment complex on the parking lot adjacent to Citi Field ballpark which, if approved, would use one of the three available downstate casino licenses.  Ramos, who held her third and potentially final town hall on Cohen’s $8 billion casino pitch on Wednesday, has the power to make or break the project, as reported by local media,…

Elon Musk has done it again. The world’s richest – and boldest man – has successfully implanted a chip into a human. So is he ready to blow our minds? In his own words, the patient is recovering, but the results are yet to be seen. What seemed like science fiction a decade ago or a conspiracy theory a few years ago is now a reality, and we can’t tell whether we should be excited or fearful. So, before we make up our minds, what exactly is Neuralink’s brain chip? What is Neuralink’s brain chip? Neuralink was launched in 2016…

Yea, you heard us. The Vegas Super Bowl betting shattered the all-time sports betting record. We know, we know… big surprise that the gambling capital of America took in more on this game than any other. Over $185 million, according to the Nevada Gaming Control Board, far surpassing the previous state record of $179 million. Nevada’s 182 sportsbooks raked in a $6.8 million victory during the game, securing a 3.7 percent hold, which stands as the fourth-lowest win percentage in the past decade. According to the Las Vegas Review-Journal, the Chiefs garnered heavy support from the betting public, resulting in…

Scratch cards, those little tickets of mystery and potential fortune, have been a gambling staple for ages. Not just physical scratch cards, either. Many online brands, such as Gxmble Casino, have an entire library of scratch-off tickets to choose from. Like a treasure hunt in your pocket, they promise instant gratification and a sprinkle of thrill. This guide will cover some of the strategies and tactics to help maximize the winning chances of those who have an itch – or, rather, scratch – for gambling. Understanding Scratch Cards At their core, scratch cards are straightforward. They are typically small, paper-based…

Lithuanian MPs on Monday registered amendments to the Gambling Law seeking to further tighten gambling advertising in the country as of 2025. Around 50 MPs, mostly from the ruling majority, have signed the amendments proposing to prohibit the dissemination of information about the gambling companies sponsoring any public events, activities, natural or legal persons. If the amendments are adopted, they would eliminate the advertising of betting, wagers, and casinos on television, in newspapers, magazines, or news websites, and on street billboards. Additionally, the names and logos of gambling operators could appear on the jerseys of athletes and in arenas during…

Monte-Carlo Société des Bains de Mer announced that it, in its luxury establishments Casino Cafe de Paris and Casino Monte-Carlo, has added EGT gaming equipment. Visitors to the two gaming facilities now have the opportunity to try for the very first time the slot cabinets of the G 50-50 C VIP model, which are supplied with the popular and already proven games from Blue, Green and Red General HD multigame mixes. Players are able to earn additional winnings thanks to Coin Jackpot, that made its successful debut at Casino Cafe de Paris last year and has been demonstrating excellent results ever…

BetConstruct has announce the start of B.F.T.H. Arena Best FTN Game Awards 2024, presenting nominations and a new prize pool of 3 333 000 FTN. Starting from February 6 the submission process for B.F.T.H. Arena Awards 2024 is officially open, setting the stage not only for seasoned professionals but also for aspiring game creators and designers to unveil their talents and seize the chance to win BIG. The B.F.T.H. Arena 2024 features another batch of 3 333 000 FTN to be distributed towards the promotion of the new winning games. While the number nominally stayed unchanged, it extended to over…

The prospect of online sports betting in Hawaii has moved a step closer to realization with a crucial development. On Wednesday, the House of Representatives Committee on Economic Development gave its approval to House Bill 2765. The bill, designed to oversee online sports betting in Hawaii, received the green light alongside essential amendments. Sponsored by Rep. Daniel Holt, the same lawmaker behind HB 2762 advocating for casino gambling in the state, the bill sets the stage for a hotel and casino establishment on Oahu, media reports say. Both bills secured approval through a split 5-2 vote, leading them to be…