Author: OnlineGamblingDaily

Nevada-based gaming company Golden Entertainment announced Thursday its results for the first quarter of 2022, having registered a revenue of $273.6 million, which represents a 14% rise from the same period in 2021. Net income for the first quarter was $36.1 million, while Adjusted EBITDA was $67.3 million, the latter showing an increase of 13% year-over-year. Momentum has now extended to Q2. “Our record first-quarter results reflect a continuation of the strong financial performance we delivered over 2021,” said Golden Entertainment’s Chairman and Chief Executive Officer, Blake Sartini. “Our strong cash flow has allowed us to reduce debt while returning…

New York has shared mobile sports betting figures for the month of April. Handle was down by 15.2% to $1.39 billion from the $1.63 billion posted in March; while gross gaming revenue from mobile sports wagering was down by 8.9% to $104.1 million from $114.3 million the prior month, according to the New York State Gaming Commission. FanDuel remained the market leader with $63.6 million in revenue from $599.5 million in handle and a 43% market share, and was followed by DraftKings, which posted $19.6 million in revenue from $327.1 million in wagers. Caesars Sportsbook placed third, at $11.8 million…

Inspired Entertainment announced Thursday the expansion of its partnership with Kaizen Gaming, in an agreement that builds on its success with Stoiximan in Greece, and paves the way for the partnership’s global expansion with the launch of Inspired’s virtual events with Kaizen Gaming’s Betano brand.  The relationship between the two companies has continued to grow with a collaboration within Greece, which saw the introduction of Inspired’s virtual gaming through V-Play Soccer 3, followed by a range of further Inspired products.  Kaizen Gaming has established itself as one of Europe’s fastest growing game-tech companies, operating the Stoiximan brand in Greece and…

Australian gaming giant Star Entertainment Group has suspended all domestic and international VIP rebate play programs and confirmed a commitment to not dealing with junkets, according to an ASX announcement. The decision comes as the company addresses issues arising from an ongoing review of The Star Sydney, which has now led three executives to resign from the venue after the inquiry heard allegations of serious crime. The Star’s board has resolved to “immediately suspend” all rebate programs for players across all casinos “until further notice.” The company further pledged to work with gaming regulators to address the various identified risks…

Our gambling news this week finds Caesars hemorrhaging cash and looking to sell a casino on the Las Vegas Strip. Possibly, Flamingo Las Vegas. And while most suspected Planet Hollywood would be the property sold, indications are that Caesars will try to find a buyer for the 75 year old property. Howdy friends! And welcome to This Week in Gambling, the feel good hit of the summer! And things are going well right now in Las Vegas. And that’s where I’ll be headed next week for my vacation. More on that in just a moment. But first, as we reported…

Caesars Entertainment’s CEO Tom Reeg expects the company’s digital gaming endeavors will become profitable by the end of fiscal year 2023, according to a report by Yahoo! Finance. The prediction comes as the casino giant seeks to cut sportsbook marketing in the US. “Obviously, the couple of quarters before football season in ’23 tend to be lower volume sports quarters, so lower loss anyway,” Reeg told analysts on an investors call Tuesday night, according to the cited source. “So is it possible? It sneaks a little bit earlier? I’d say that’s possible. But I’d be banking on inflection in the…

Gaming Innovation Group Inc. (GiG) has signed an agreement with operator Full Games SA for the provision of full Sportsbook and Player Account Management (PAM) services in the newly regulated market of Angola, in Africa.  This is the first agreement that combines the offerings from both GiG and Sportnco, after the iGaming group acquired the sportsbook provider in April. The deal immediately shows “the power and synergies of combining both product and managed services offerings,” according to a company statement. The contract is for five years and go-live is anticipated in Q3 2022.   We are excited to announce that we…

Casino games developer Pascal Gaming —part of the SoftConstruct Group, which also includes renowned developer and provider of gaming solutions BetConstruct— announced Thursday it has upgraded its bet-on line with a new game, “Dream Wheel.” “To provide players with diverse possibilities to enjoy their playtime and improve the quality of gameplay, Pascal Gaming constantly introduces new additions. Dream Wheel makes no exception and is an ongoing and absolute fun play displaying an explosion of sweet candies leading to even sweeter and higher odds,” the company described.  The game includes a diversity of features “that absolutely change the approach towards the…

The Safety Consultation and Training Section (SCATS) of the State of Nevada’s Division of Industrial Relationships announced Friday that it recognizes two Boyd Gaming properties – Main Street Station Casino Brewery Hotel and California Hotel and Casino – for successful entry into the Safety and Health Achievement Recognition Program (SHARP) for the first time.  Boyd Gaming partnered with SCATS consultants to develop its comprehensive employee safety program and strives toward continuous growth, the company said in a press release. In an official statement, Andre Filosi, Vice President and General Manager of the California Hotel and Casino, Fremont Hotel and Casino…

Florida Gov. Ron DeSantis has named five new members to the Florida Gaming Control Commission, subject to confirmation by the state Senate. John MacIver and John D’Aquila have now been appointed to the role; while Julie Imanuel Brown, Michael Yaworsky and Charles Drago have been reappointed, DeSantis’ office announced on Friday. The commission, a fairly new addition to Florida’s gaming landscape, was created last May during a Special Session in which lawmakers also passed the (now invalidated) new gaming compact with the Seminole Tribe. The new gaming panel was established in a separate bill. The commission was established to regulate…

The US gaming industry continues to grow exponentially, making it a highly exciting place to be for those within it. Changes in regulation have allowed more states to create a safe and responsible framework for both gaming operators and players, resulting in phenomenal growth over the last few years. According to the American Gaming Association, the US saw an uptick in gaming in 2021 with some states, like New Jersey, hitting over $1 billion in revenue per quarter throughout 2021. Industry maturity The best place to start is to look at the gaming industry per US state and see how…

 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,…