Author: OnlineGamblingDaily

Kindred Group, for the period of January to December 2023, delivered growth in revenue and underlying EBITDA, exceeding its annual targets. In the fourth quarter of 2023, the group recorded total revenue of $394.31 million (GBP 312.9 million), representing a 2% increase compared to the previous year.  The gross winnings revenue (B2C) also saw a 2% uptick, reaching $380 million (GBP 301.6 million). Notably, underlying EBITDA surged by 45% to $71.5 million (GBP 56.8 million). According to CEO Nils Andén, “The final quarter of 2023 saw sustained above-market performance in the Netherlands, UK, and Romania, which combined with continued growth…

‘Bleau Blitz,’ the ultimate Big Game experience, is just one of the Fontainebleau Super Bowl activities we’re reporting on. Beginning Monday, 5 February through Sunday, 11 February. For seven days, the resort will be transformed into a sports-lovers dream with fan experiences including live recordings of “The Dan Patrick Show” on the resort’s third floor Oasis pool deck; watch parties at The Tavern and LIV; and jam-packed lineup of all-star headliners Metro Boomin (8 February), John Summit (9 February) and Tiësto (10 February) and special guest (11 February). “The Fontainebleau brand is rooted in world-class entertainment and experiences, and our…

Are you ready for some football? It’s Super Bowl week Vegas, as the Chiefs and 49ers square off in Super Bowl LVIII, and we’ve got information on the major parties and events leading up to the big game! Plus, information on the pending strike and road closures in Sin City! It’s Super Bowl week in Sin City as nearly half a million people are expected to descend on Las Vegas this week for the Super Bowl. This while there’s talk that hospitality and culinary workers, along with bus drivers, would all walk off their job. So the question on everyone’s…

Pennsylvania Governor Josh Shapiro presented his annual budget address on Tuesday, revealing a substantial $48.3 billion spending plan aimed at bolstering various sectors, including public education and transportation, while also introducing measures to legalize recreational marijuana and regulate skill games. Shapiro’s proposal taps into the state’s $14 billion cash reserves, allocating approximately $2 billion to support increased funding for both K-12 and higher education. To generate additional revenue, the plan includes taxation on legalized marijuana sales and the regulation and taxation of skill games commonly found in bars and restaurants across Pennsylvania. Speaking before an audience in the Capitol rotunda,…

Gaming technology and services provider BetConstruct has announced its partnership with iGaming solutions provider Koralplay, marking another “strategic move” to strengthen its position in France and broaden its offerings in the African markets. With over 15 years of industry expertise and a robust presence in diverse African countries, Koralplay offers omnichannel tech and business solutions for sports betting, gaming, and lottery operators. David Ozararat, BetConstruct President for French EMEA: “We are happy to distribute our technology through a partnership with Koralplay in the African continent where our presence is growing continuously. Our products and services are designed to meet those market’s…

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of January, which show an increase of 49.28 points to 1,168.82 points, or by 4.4%, as compared to the prior month. Compared to one year ago, the index was up 215.67 points, or 22.6%. The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During January, 6 of the 12 AGEM Index companies reported stock price increases, which resulted in 6 positive contributions and 6 negative contributions to the AGEM Index. The largest positive contribution was sourced to Konami…

Caesars Sportsbook has released its Super Bowl prop bet menu for the matchup between the San Francisco 49ers and the Kansas City Chiefs in Las Vegas. From the coin toss to the final play, sports fans can experience Super Bowl LVIII like never before with Caesars Sportsbook  via thousands of game markets, prop bets, same-game parlays, in-game and play-by-play betting, and the highly popular Caesars Squares. The all-new FireBets experience brings added excitement for sports fans by highlighting the most impactful moments during Super Bowl LVIII. “Our unmatched betting menu and groundbreaking way to watch and bet coincides with the…

Atlantic City’s casinos have no legal obligation to stop compulsive gamblers from betting, U.S. District Court Judge Madeline Cox Arleo ruled last Wednesday, dismissing a lawsuit from a self-described problem gambler against the Borgata casino and its parent company, MGM Resorts International. The judge’s decision highlights the legal landscape surrounding casinos’ obligations to prevent compulsive gambling behavior. Arleo’s ruling emphasized that casinos in New Jersey are not legally required to intervene or prevent compulsive gamblers from placing bets. While the state extensively regulates casinos concerning compulsive gambling, there is no mandate regarding the prevention of individuals with addictive behaviors from patronizing…

Stake has announced a partnership with The International Tennis Federation (ITF). The deal will see Stake become the new Official Betting Partner of the Davis Cup and Billie Jean King Cup by Gainbridge. Stake’s sponsorship portfolio spans Formula 1 (Stake F1 Team), the Premier League (Everton Football Club), and UFC, as well as a partnership with musician Drake. The deal has been agreed upon following due diligence conducted in line with ITF rules for betting sponsorship (developed in consultation with the International Tennis Integrity Agency). The partnership will see Stake working to promote and enhance the fan experience across both…

A record 67.8 million American adults (26%) are expected to bet on Super Bowl LVIII, a 35% increase from 2023, according to a new American Gaming Association (AGA) survey. Bettors plan to wager an estimated $23.1 billion on this year’s Big Game, up from $16 billion last year. 🏈 AGA research estimates 68M American adults will bet on #SBLVIII, including 29M via a legal online U.S. sportsbook.As consumers migrate to the regulated market, see how legal operators are investing in responsible wagering resources and education 👉 https://t.co/y4iOcWF9sp pic.twitter.com/uSts2sUPms — American Gaming Association (@AmericanGaming) February 6, 2024 With the expansion of…

Las Vegas is hosting it’s first Super Bowl! But the big game is not the only game in town! Several Super Bowl events and various ancillary events will take place, offering a weekend experience packed with gridiron greats, entertainment and more. An exclusive CBS Las Vegas Residency will take place the week of the Super Bowl, with The Fountains of Bellagio serving as the backdrop of the network’s central broadcast location, which will also air the game itself. The week long, multi-platform coverage will take place from Monday, 5 February to Sunday, Feb. 11. Featured programs include CBS Evening News…

FanDuel  finds itself on the cusp of a financial achievement in the state of New York as the latest report from the state’s gaming commission indicates that FanDuel collected $21.4 million in winnings for the week ending January 28th.  This brings the company close to the $100 million revenue mark for the month, with just $152,000 remaining to reach this milestone. The performance of FanDuel is part of another robust week for the nine digital operators in New York, whose combined revenue of $44.4 million ranks among the top 10 revenue-generating weeks out of the 108 recorded thus far. Although…

The last edition of ICE to be held in London kicks off today, Tuesday, with the event’s organizers expecting a record attendance before the event relocates to Barcelona starting in January 2025. The expo will be held from February 6 to 8 at ExCeL London, the venue that has hosted ICE since 2013, and will feature 700+ exhibitors from across the globe. Sister show iGB Affiliate, aimed at the iGaming affiliate community, runs Feb. 6 – 9, also at the ExCeL exhibition center. Clarion Gaming, ICE’s organizer, expects the event, along with iGB Affiliate and the ICE VOX education program,…

Figures released by the organizers of the iGB Affiliate expo (6th-9th February, ExCeL, London) confirm that 25% of exhibitors will be making their first-ever appearance at the exhibition. Portfolio Director Naomi Barton said: “The show has built its reputation on being a melting pot for new ideas, new thinking and new trends. Securing the right blend of established and new exhibitors keeps the iGB Affiliate proposition fresh, dynamic and exciting.” “Research we conducted with stakeholders who attended the 2023 show underlined the importance they place on staying on top of the latest industry trends, networking with potential partners and clients,…

Rest easy, my friends. There well be no Super Bowl strike. The union that represents Las Vegas hospitality and culinary workers says it has canceled a strike deadline for one hotel-casino in downtown Las Vegas and reached a tentative agreement with six others. The agreements prevented a walkout on Monday morning, the first day of Super Bowl week in the city. A tentative five-year deal covering around 1,000 workers was reached between the Culinary Workers Union and the Golden Nugget, Binion’s, Four Queens, Fremont, and Main Street, the union reported on Saturday. A provisional agreement to avoid the Super Bowl…

Playmaker Capital has received approval from the Minister of Canadian Heritage to be acquired by Better Collective. The company also said it secured the Ontario Superior Court’s approval for the deal January 24. Playmaker’s shareholders greenlit the deal last month. With all necessary approvals secured, the deal is anticipated to finalize on February 6. Affiliate giant Better Collective had unveiled its intentions to acquire Playmaker Capital for a total consideration of €176 million ($192 million) back in November. Better Collective’s targeted acquisition positions the company to establish itself as a market leader in South America while strengthening its foothold in the…