Author: OnlineGamblingDaily

Revenue from commercial gambling in America reached a new quarterly high of nearly $14 billion for the third quarter of this year. According the American Gaming Association’s Commercial Gaming Revenue Tracker, the new record of $13.89 billion is the second consecutive quarter for a revenue record performance. With $38.67 billion in revenue through the first nine months of the year, the industry has already passed revenue generated for the full year 2020 and is on pace to smash its annual record of $43.65 billion, set in 2019. “Two straight quarters of record gaming revenue is an incredible accomplishment in any…

The gaming business has seen enormous transformation in the last several years; it was once an entirely separate sector. Everything has evolved and improved throughout time as a result of technological advancements. The online casino gambling industry has changed in synch with the global movement in society’s usage of technology. It’s possible to state that new technology is reshaping the landscape of online gaming. There are literally dozens of online casinos to choose from, so finding the right one may be a challenge. However, if you’re browsing at https://bonuscodeindia.com/bet365-app/ you’ll be able to locate the top-rated and greatest online gaming…

Broadcasting and TV network GameOn Entertainment Technologies announced Tuesday a new signed partnership with Gaming Society, which entails predictor games that will enable fans to make free-to-pay bets on women’s sports, including leagues such as the WNBA, NWSL, and more. Gaming Society will license GameOn’s proprietary technology to power the fan engagement initiatives. The companies will also share in all revenue generated by the platform, such as from sportsbook affiliates and sponsorships.  Launched in June by Naismith Memorial Basketball Hall of Fame inductee Kevin Garnett and Players’ Tribune Cofounder Jaymee Messler, Gaming Society is a content and gaming platform bringing…

With the appointment of Ana María Padrós as the main manager of the brand in her country, Betcris takes a step further in its Latin American expansion plan and reaffirms the importance of Peru in the sports betting market. Yogonet interviewed the executive, who, while waiting for regulation and in the middle of a debate on a possible new tax burden, stated: “The regulation of in-person betting in Peru is one of the best in Latin America, therefore, it is a good platform to establish online gaming.” Although you have a strong track record in the gaming industry, as an…

iGaming content provider Pragmatic Play is reinforcing its live casino offering with the launch of its latest product ONE Blackjack 2 – Indigo, the company announced on Wednesday. The new game also marks the second installment to the ONE Blackjack series. The product retains the basics of the popular casino game, coupled with “an outstanding new Chroma studio” that ensures the highest industry broadcasting standards, explains a press release. This is set to deliver “a truly immersive” live casino experience. As part of the chroma-key solution product line, the table will be available for network with Indigo Studio Design, while…

Inspired Entertainment announced Tuesday the signing of a multi-market contract to launch its interactive Virtual Sports content with Novibet online gaming company, which is currently operational in several countries across Europe. Starting with the Greek market, Inspired’s Virtual Sports are now hosted in a dedicated section on novibet.gr, offering to players customized and localized Virtual Sports options on a 24/7 basis.  Inspired’s Virtual Sports are delivered by the company’s Virtual Plug & Play solution, which allows Novibet’s members to access multiple Virtual Sports, including soccer, basketball and horse racing, served through an intuitive player interface. Novibet has launched Inspired’s Greek…

After the release of a report published by the state’s Casino Control Commission on Monday, it became clear that Ohio’s eleven casinos and racinos are on a streak of record-breaking figures, having brought in $192.7 million in revenue for the month of October. This stands for a 14% increase in a year-over-year comparison, having reached $169.1 million in October 2020; and a 22% increase compared to the year 2019.  This growth had its most impact on the Cleveland market, which saw gambling revenues rise to $61.7 million, up from $52.9 million last October.  Statewide, Ohio four casinos pulled in $81…

In the United States, sports betting is a long-standing tradition. It’s been around since before people were born in America, and it will be here for a very long time. Recently, eSports have become more popular than ever, with over 200 million viewers worldwide watching professional gamers play video games on different platforms. While eSports betting is still in its relative infancy, it is expected to grow in the coming decades exponentially. With more states legalizing online eSports betting sites, we foresee a boom in value and popularity. The Past and Present of eSports With the evolution of eSports games…

After two years of facing the consequences of coronavirus and other unexpected hurdles, the industry has come together at the SiGMA Europe event, which has had its first day at the Malta Fairs & Convention Centre. “This year we brought not one but 4 events for what is undoubtedly our biggest event yet – Malta Week”, the event organizers said in an official statement.  Key verticals focussed on gaming, affiliate marketing and emerging tech came together under the MFCC arena, with a plethora of events from conference to the Esports tournaments drawing crowds.  The expo floor, which was designed to…

Investor and entrepreneur Eliot Tubis and his firm EJT Holdings are expanding their stake to over 4% in the outstanding public warrants of special purpose acquisition company DD3 Acquisition Corp II, as its merger with Codere Online looks to close this week. “We continue to be extremely bullish on both the gaming and sport betting opportunities in Latin America, as well as the Codere Online team headed by Moshe Edree,” said Tubis upon the increased stake announcement. “In addition, having Baron Funds committed to the PIPE gives us great confidence in the capital structure of the business post-merger.” EJT Holdings…

Minneapolis-based online technology company SharpLink Gaming is partnering with AR-centered sports fan platform Quintar, both parties announced on Tuesday. Resulting from the deal, the businesses will integrate their respective technologies to produce “an AR experience that combines live sporting events with real-time sports betting,” according to a press release. The new development has been described as an “immersive, personalized” sports betting experience. SharpLink’s C4 sports betting conversion technology will be integrated with Quintar’s Q.reality AR solution to offer sports betting to fans, whether they are at the events or viewing live action from home. Silicon Valley company Quintar, founded by…

BetDEX, the new company by former FanDuel co-founder and CEO Nigel Eccles, which was first unveiled late last month, has now completed a $21 million seed investment round. This milestone marks the largest-ever seed round by a UK startup. BetDEX is described by the company as “the world’s first decentralized sports betting protocol.” It is set for launch in the first half of 2022, and it combines blockchain technology with sports betting, aiming to transform the consumer sports betting experience. The record-setting investment round is led by San Francisco-based crypto investment firm Paradigm and Bahamas-based crypto exchange FTX. Multicoin Capital,…

The company revealed revenue of $32.2 million, an increase of $30.6 million from the same period last year. Gross profit was  $20.3 million, while gross profit per transaction was $1.69, or a $0.76 increase from the 2020 Q3, and net income was $11.2 million, compared to a net loss of $1.2 million in 2020 Q3. Lottery.com reported financial results for the third quarter ended September 30, 2021, which were achieved prior to the closing of the company’s business combination with Trident Acquisitions Corp. on October 29, 2021.  Third-quarter revenue was $32.2 million, an increase of $30.6 million from the third…

New Jersey online casinos and retail sports books set another record by handling north of $1.3 billion in wagers this October. Of course, such a volume resulted in record revenue, as well. “Five weekends in October meant an unusual amount of NFL and college football to bet on, and plenty of free time for gamblers to visit Atlantic City, making fresh records inevitable,” said David Danzis, an analyst for PlayNJ.com. “But what will have a longer-lasting effect is if the market for sports betting and online gambling continues to expand while Atlantic City continues to recover following the pandemic. That…

During Malta Week, which started November 15 and will run through November 19, one of the main highlights was the SiGMA Gaming Awards, which took place on Monday night during the first day of the SiGMA Europe event at the Hilton Malta in St. Julian’s, powered by BetConstruct.  The evening started out with a banter. Presenters Jon Thompson and SiGMA’s Lorraine Sammut warmed up the stage, leading up to the first post-pandemic ceremony.  One standout moment was reserved for the Outstanding Contribution of the Year recognition. This year’s winner, Mark Blandford, a pioneer in the gaming sector with 25 years …

Three competing Maryland casinos -Horseshoe Baltimore, Live! Casino and MGM National Harbor- joined forces on Monday to press the state on promised sports betting licenses. The venues are concerned about their sportsbook operations not being up and running during the NFL season, regarded as the most lucrative period on the US sports calendar. While the casinos have been found eligible to hold a license by the Maryland Lottery and Gaming Control Commission, they also require a sign-off from the newly created Sports Wagering Application Review Commission (SWARC) to launch. The panel has not approved yet any of the applications it…