Author: OnlineGamblingDaily

As reported by the state of Maryland, December’s revenue in gaming for the area’s six casinos generated a combined $172.9 million, marking the last month of the year as the second-best for total gaming revenue. The total was 44.9% more than gaming revenue in December 2020. Casinos were still operating under COVID-19-related capacity restrictions a year earlier.  The record for gaming revenue set by the state’s casinos was in July 2021, when the total was $180.1 million.  The best year-over-year gain came at MGM National Harbor, where $74.5 million in December gaming revenue was up 53.5% from the previous December.…

A Norfolk senator is introducing a new bill to prevent casinos from getting Tax–Increment Financing (TIF). Sen. Mike Flood introduced Legislative Bill 713 on Wednesday to prohibit redevelopment plans with TIF related to casinos and licensed tracks. The proposal Nebraska residents passed in 2020, legalizing casinos in the state, mandated venues to pay a 20% tax on gross gambling revenue, of which 70% would go to the state’s property tax credit fund. This has been seen as incompatible with casinos getting tax-increment financing, which subsidizes property taxes, to build their venues. The state’s property tax credit fund, which offsets a…

The NFL’s Las Vegas Raiders are reportedly weighing the idea of hiring Matt Maddox, the outgoing chief executive officer of Wynn Resorts, according to a report by the New York Post. A source cited by the publication claimed the team is seeking Maddox as president of the Raiders. Maddox first announced he would be resigning as CEO of the casino company last November, set to become effective on January 31. Wynn officials explained back then that he would be pursuing new opportunities outside of the gambling industry, which shocked Vegas insiders as Maddox was most recently pulling down $24.5 million…

Esports Technologies announced Thursday the filing of a new patent application for a “Financial Instrument Performance-Based Pari-Mutuel Betting System and Method”. The system and method implements an electronic betting experience for an event that is comparable to horse racing, but using a group of financial instruments.  The system and method allow bettors to place bets on which “participant” from the pool of financial instruments will win – for example, experience the largest gain or the smallest drop – over a fixed period of time. Bets can be placed through the system up until a set time endpoint. The system places…

Esports and online gambling operator Esports Entertainment Group and its EEG Labs brand have renewed their partnership with Take-Two’s NBA 2K League, the business announced on Wednesday. According to a press statement on the matter, work is already in progress “on the current season’s Combine and Draft,” two events focused on emerging NBA 2K esports players. EEG has partnered with the NBA since the inception of the league. According to the company, it will now continue to provide the 2K League with state-of-the-art talent analytics and scouting technologies “to determine the best of the best” for one of the world’s…

Tabcorp’s Sky Racing World announced Thursday the commingling of wagering pools with host pools in Argentina on racing at Palermo Racetrack, Buenos Aires City, thus boosting its content portfolio of International Racing.  On Monday January 3, the commingling of pools was made available for the first time ever on Argentinian horse racing from the Hipódromo Argentino de Palermo for the American, Canadian, Caribbean and other International markets. PGI, owned by Tabcorp, is the exclusive International Commingling hub for connecting into Palermo pools.  Simulcast is now available for all Palermo meetings on the SRW website, ADW websites and the SRW App.…

The Buffalo Bills and FanDuel Group announced Wednesday a multi-year partnership, designating FanDuel as an official mobile sports betting partner of the team, the only NFL franchise that plays its home games inside the state of New York. In addition to the use of official Bills marks and logos, FanDuel will gain access to a range of media assets, including radio spots to engage Bills fans and in-game signage and activations at Highmark Stadium.  FanDuel will also be the presenting sponsor of the Buffalo Bills-themed Podcast, Bills by the Numbers, hosted by Steve Tasker and Chris Brown, discussing team updates…

The online gambling industry is constantly evolving and catching up with technological trends, aiming to ensure the ultimate gambling experience for all players. Ever since the global pandemic began, the majority of the players were forced to switch from traditional brick-and-mortar casinos to their online counterparts. Even today when many casinos are re-opened, countless players have chosen to remain to play online, and this is one of the main reasons why it’s estimated that by the year 2022, the whole industry of online gambling is going to reach an astonishing $565 billion according to a recent article by Auralcrave. The article…

The Africa Cup of Nations is finally set to get underway this Sunday with hosts Cameroon kicking off the action against Burkina Faso. With this tournament’s start date shifted several times due to Covid and weather concerns, this is the first time we’ll get to see the continent’s biggest stars go head-to-head since 2019. Algeria took home the most-coveted prize in African football three years ago, but who are the realistic contenders to reign supreme this time around? Find our pre-tournament preview of the main contenders below, plus our latest Africa Cup of Nations betting tips… Africa Cup of Nations…

International Game Technology (IGT) announced Thursday it has signed a multi-year exclusive licensing agreement with WWE (World Wrestling Entertainment, Inc.) to develop and distribute WWE-branded omnichannel lottery games and turnkey promotional programs featuring company logos, scratch tickets, Superstars, events and programs.  In an official press release, Jay Gendron, IGT Chief Operating Officer, Lottery, explained this new alliance and said: “The WWE brand has broad appeal that reaches diverse age groups and cultural demographics in many geographies.   IGT looks forward to melding the unique WWE assets with IGT’s lottery expertise to create appealing, high-quality games and second-chance promotional opportunities for…

The New York State Gaming Commission announced Thursday that four of the nine licensed mobile sports betting operators, Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive (BetRivers), have met all needed requirements to start taking mobile bets as of Saturday, January 8, at 9 am EST. The regulator explained in a press release that after that effective date, each licensee will determine when to accept wagers, “based upon its business capabilities and readiness.” The remaining five conditionally licensed operators (PointsBet, BetMGM, Resorts World, BallyBet, WynnBet) “continue to work towards satisfying statutory and regulatory requirements necessary to launch and will be…

Tennessee could see six more sports gambling operators added to the eight already operating in the state, the state’s Sports Wagering Advisory Council Executive Director Mary Beth Thomas said Thursday during a meeting. The body took over the regulation of sports betting on January 1 from the Tennessee Education Education Lottery and will be charged with reviewing applications and overseeing the industry moving forward. In order to approve new operators, the process involves background checks and involvement from the Tennessee Bureau of Investigation and the FBI. Eight operators are licensed in Tennessee, five more are pending and another has sent in…

Andrew Rhodes, Interim Chief Executive Officer of the UK Gambling Commission, is set to be given the job on a permanent basis, according to The Guardian. Rhodes, who became acting chief executive in June 2021, following the resignation of Neil McArthur, vowed to crack down on gambling companies’ “recidivist behaviors” before a landmark industry review. Rhodes’ ambition to take a stricter approach to gambling regulation has been in line with the Government’s own plans and the expected reforms to be introduced in new gambling legislation. These are set to be unveiled in a government white paper this year. According to…

As Nebraska moves forward with plans to construct casinos along Iowa’s western border, the increased competition is expected to lead to a significant loss in revenue for Iowa’s gaming industry, according to a socio-economic analysis by the Spectrum Gaming Group. The study predicts major losses in revenue for the state by 2025, reports Iowa Public Radio. The report anticipates casinos in Council Bluffs and Sioux City will face stiff competition from venues being constructed across the border in Omaha and South Sioux City. Spectrum Gaming Group finds Council Bluffs casinos as the most at-risk, given 80% of their gaming revenue…

NHL’s Arizona Coyotes are entering the sports betting landscape, the team’s management announced on Wednesday. Majority owner Alex Meruelo and his Meruelo Gaming, affiliate of Sahara Las Vegas and Grand Sierra Resort casinos in Reno, Nevada, are launching online and digital sports betting platform SaharaBets. SaharaBets will be available for download on January 12, according to an official press statement. The product’s official page shows the platform will allow gamblers to bet on more than 10 sporting events, including football, baseball and basketball, and will also permit different types of bets, including singles, parlays, spread, and more. “SaharaBets brings the…

The AGEM Index improved by 11.39 points to 971.59 in December, marking a 1.2% growth from the prior month. In a year-over-year comparison, the index increased by 284.47 points for an annual growth rate of 41.4%. In the latest period, seven of the AGEM Index companies reported stock price increases. This ultimately led to eight companies posting positive contributions and four companies with negative contributions to the overall index. The top contributor to the monthly index was International Game Technology (IGT), whose 7% increase in stock price led to a 7.98-point gain for the index. Scientific Games Corporation was also…