Author: OnlineGamblingDaily

Kindred Group plc has shared its unaudited interim report for the first quarter of the year. Financial results were impacted by what the business expects to be short-term headwinds, while the Unibet owner is optimistic about long-term prospects. Total revenue (B2C and B2B) was £246.7 million ($307 million), down from £352.6 million ($438.7 million). The online gambling operator saw gross winnings revenue (B2C) decrease by 31% to £242.4 million ($301.5 million) from £352.6 million ($438.7 million) the comparable period last year. Excluding the Netherlands, where regulatory headwinds forced some operators to withdraw until a new license is secured- gross winnings…

Gaming investment firm Tekkorp Capital is adding seasoned executive Steve Schrier to its team, the venture capital fund set up by gaming entrepreneur Matt Daver announced on Wednesday. The team expansion comes only weeks after the firm announced the establishment of its advisory arm. Tekkorp Capital’s newly-created advisory team announced, shortly after its launch, a partnership with Australian media giant News Corp Australia and online sports betting pioneer Matt Tripp -former founder and Chairman of Sportsbet and CEO of BetEasy- for a new sports betting venture. Now the advisory arm is seeking to further strengthen its team with the addition…

Kansas lawmakers gave final approval on early Friday to a sports betting bill after the Republican-controlled Senate voted 21-13 to pass, reports Associated Press. The Republican-controlled House had previously passed the measure Thursday, 73-49, meaning the legislation will now go to Democratic Gov. Laura Kelly’s desk, who is expected to sign it. The bill calls for using taxes from sports betting to attract the NFL’s Kansas City Chiefs from Missouri to the Kansas side of the metropolitan area. The measure puts a 10% tax on each bet, with nearly all revenue going to a fund that aims to lure pro sports teams…

In its interim report for January-March 2022, Evolution said Thursday its revenues in the first quarter increased by 38.6% to EUR 326.8 million ($343,4 million), while the EBITDA increased by 43.4% to EUR 229.7 million ($241,4 million), with a margin of 70.3%. Profit for the period amounted to EUR 197.7 million ($207.7 million), and earnings per share before dilution amounted to EUR 0.93. During the period, the company successfully launched its online live casino Lightning Roulette in New Jersey, and it has plans to expand into additional states soon. After the end of the period, the company went live with an…

The next edition of SAGSE LATAM will take place on April 19-20 at the Hilton Buenos Aires Hotel and Convention Center. “As ICE London takes place from February 7-9, 2023, the right time to do our expo is two months later”, said Alan Burak, Vice President of Monografie. “We are very happy and feel that we managed to hit the nail on the head with this year’s SAGSE proposal. We have worked hard thinking about this new paradigm, in choosing an international headquarters, in improving the conditions of the exhibiting companies to maximize the efficiency of their investment and seeing the…

Boyd Gaming’s Fremont Hotel & Casino in downtown Las Vegas is expanding its casino floor and replacing its former buffet with a new dining hall concept. Executives for the company made the announcement during a call with investors held on Tuesday, in which the company also reported record first-quarter revenues. The new dining hall is set to feature six “quick-serve” restaurants, including nationally known brands yet to be unveiled, Boyd President and CEO Keith Smith said on the call, according to KSNV. The hall will replace the buffet’s former location, and also use a piece of vacant land behind the…

Gaming and hospitality giant Las Vegas Sands has reported financial results for the first quarter of the year. Pandemic-related restrictions and reduced visitation continued to impact the business during the period ended March 31, resulting in a widened net loss of $478 million, compared to $280 million in Q1 last year. Additionally, the business delivered net revenue of $943 million, down from $1.2 billion in the prior-year quarter; and an operating loss of $302 million, widened from $96 million in 2021. Consolidated adjusted property EBITDA was $110 million versus $244 million last year. “While pandemic-related restrictions continued to impact our…

Chicago City Mayor is reported to be seeking $75 million from the winner selected from the three finalists, or a commitment to pay $40 million up front and $2 million a year later. Earlier this month, Hard Rock, Bally’s and Rush Street Gaming pitched the final three proposals in three separate public hearings. Bally’s, which had already offered the city $25 million up front if it’s selected, is targeting the Tribune Publishing Center in River West. Rush Street is eyeing putting one of its Rivers-branded casinos at The 78 in the South Loop, while Hard Rock is looking at the…

Will the second time be a charm for Maine? This week’s sports betting news finds the state one signature away from regulating bets on sporting events… but we’ve been here before. Back in 2019 everything looked good for sports betting in Maine. That is, until Governor Mills vetoed the bill, simply stating that she did not believe that the citizens of Maine wanted the activity regulated, plus some other odd ramblings. But the House and Senate passed a new bill bill last week, and hopefully this time is different. The new bill is part of large, tribal sovereignty legislation. It…

Zitro continues to expand its presence throughout California, partnering with key operators in the tribal gaming market, including Pechanga, Viejas, Valley View, and Pala casinos in Southern California and Red Hawk Casino, which is the company’s first install in Northern California. “Due to the great success that the 88 Link games are currently enjoying in the U.S. market, these distinguished casino operators did not hesitate to include the award-winning multi-game in their gaming offerings,” the company stated. “We are convinced that our 88 Link games will offer a next-level gaming experience to our partners’ clientele, and are confident that it…

A Nebraska judge has dismissed a lawsuit filed by gaming operator Big Red Keno over who gets rights to develop Lincoln’s upcoming casino, Nebraska Examiner reports. Monday’s ruling also greenlights the Nebraska Horsemen’s Benevolent & Protective Association to continue its partnership with the Winnebago Tribe of Nebraska for the proposed project. “We actually chose our partner in 2015, and we’re going to stick with the partner who will lead us to the greatest success,” Lynne McNally, the CEO of the horsemen’s association, said Tuesday, according to the cited source. Their partnership with the tribe will see the Lincoln Race Course…

Significant differences exist in problem gambling monitoring in Europe, a new study commissioned by the European Gaming and Betting Association (EGBA) found. The report was published this month by the City, University of London. According to the pan-European study, European countries take different approaches to monitoring and reporting problem gambling, with 12 countries having regular national surveys about problematic gambling prevalence. But significant differences exist in the measurement tools and methodologies used in these surveys, the study found. The report describes levels of problem gambling in European countries as ranging from 0.3% to 6.4% of the adult population. However, significant…

UK gambling software developer Playtech announced on Wednesday the launch of a brand new bespoke live game show ‘Well Well Well Live’ for Entain’s Ladbrokes UK. The dedicated studio is hosted at the Playtech Live studio in Riga, Latvia. “This is one of the most complex bespoke games to date and it continues to show Playtech’s commitment to delivering industry-leading Live games where every aspect of the game was built specifically, to bring a complete UX experience for the players,” the company stated. This built-in partnership in conjunction with Entain and CR games uses their in-house brand where the games; Well Well…

The International Betting Integrity Association (IBIA) reported 42 cases of suspicious betting to the relevant authorities during the first quarter of 2022, according to a report published Wednesday. The Q1 total is a reduction of 39% when compared to the 69 cases in Q4, 2021, and is a similar decrease when compared to Q1, 2021, which saw 64 alerts. Tennis (14 alerts), football (10) and table tennis (10) made up over 80% of the alerts reported during the quarter, with the remainder covering volleyball (4), pool (3), and esports (1). From a geographical perspective, European sporting events continued to provide the…

Kindred Group published on Tuesday the share of revenue from harmful gambling report for Q1, 2022, which decreased to 3.3% from 4.0% in the fourth quarter of 2021 and 3.9% in Q1 2021. Additionally, the company also entered a collaboration with RecoverMe, an app supporting users to regain control of their gambling habits. The positive trend has been impacted by seasonal changes, with the first quarter historically seeing lower shares of revenue from harmful gambling year on year, as well as an optimised process for manual interventions towards high-risk customers. This has resulted in fewer customers being re-detected following interventions, leading…

Evolution announced on Wednesday the launch of Super Andar Bahar, an online version of the traditional Indian card game that includes optional, super-engaging side bets for the chance of multiplied payouts of up to 4,000x. In the main game, players simply predict on which side of the table – the Bahar side or the Andar side – a card will be dealt that matches the first-dealt card, referred to as the ‘Joker’ or sometimes the ‘house card’. Evolution’s new online version is faithful to the traditional game but adds ten entirely optional, easy-to-understand side bets. The aim of the side…