Author: OnlineGamblingDaily

The 51% tax on revenue of the new mobile sports betting market in New York isn’t a concern for DraftKings, CEO Jason Robins said on Tuesday. The executive of the gaming giant spoke at Canaccord Genuity 2021 Digital Gaming Summit, in which he said the company is positioned to turn a profit in the state. DraftKings is among nine operators recently recommended for mobile licenses in New York, but the unusually high tax rate -the country’s highest- has been seen as a hefty price to pay by many. However, Robins doesn’t seem to find a problem in this. “Australia has a…

The Nevada Gaming Control Board recommended on Wednesday the California’s San Manuel Indian Tribe purchase of the Palms Casino Resort near the Vegas Strip be approved. The tribe is set to acquire the property from Station Casinos for $650 million dollars. Gaming executives with the tribe described the meeting with the board as “historic,” as it marks the first-ever Native American tribe to own and operate a hotel-casino in Las Vegas. The San Manuel Indian Tribe now expects to reopen the Palms resort in the spring of 2022. The Nevada Gaming Control Board’s voting in favor of the tribe was…

Crown Resorts has rejected the third takeover bid from Blackstone but will open its books to the private equity giant in the hope that they will increase its A$ 8.46 billion (USD 6.2B). The James Packer-backed casino giant said Thursday morning that Blackstone’s bid of US$ 12.50 per share bid received fourteen days ago “does not represent compelling value for Crown shareholders.” “However, the Crown Board has offered Blackstone the opportunity to access non-public information to allow Blackstone to undertake initial due diligence inquiries on a non-exclusive basis so that it can formulate a revised proposal that adequately reflects the…

SenseTime, one of China’s leading artificial intelligence companies’ flagship project was to create the world’s first “AI casino”, with robot croupiers and cameras that can spot suspicious behavior at the Genting’s Resorts World Sentosa, Singapore’s first casino. However, its plans have run into technical difficulties and have been delayed, as reported by the Financial Times.  According to the prestigious publication, the company wanted to announce the opening of the Genting project with the government and the resort, but it “keeps getting delayed”. Genting’s casino is located on the island of Sentosa. Before the pandemic, it was a magnet for wealthy…

The Brazilian Series of Poker (BSOP) Main Event ‘Millions 2021’ has just reached the largest Main Event in 17 years of history of the Brazilian Poker Championship, the largest competition in the Southern Hemisphere: amounting to 4.115 entries on the main event and prize value at R$ 11,6 million (US$ 2,05 million). Until now, the largest landmark had been 3.472 entries, in 2015. After almost two years at standstill due to the pandemic, BSOP Millions also returns with a record prize value at the Main Event: 34,8% more than the R$ 8,6 million prize (US$ 1.5 million), also recorded in 2015. “You are…

Louisiana’s Coushatta Casino Resort opened the doors to its “The Rez Sportsbook” on Wednesday. Members of the Coushatta Tribe Council, and former NFL players and Super Bowl champions Rickey Jackson, Owen Daniels and Drew Pearson attended the event and were the first three to place their bets. Southwest Louisiana now has three sports betting locations including Coushatta Casino Resort, The Golden Nugget Casino and L’Auberge Casino Resort Lake Charles. The Rez Sportsbook is officially open! 🎉🎉 Thank you to all who joined us or tuned in for the Grand Opening this morning! pic.twitter.com/BBZl5vQaVR — Coushatta Resort (@CoushattaResort) December 2, 2021…

In an effort to gain some clarity, IGT sues Justice Department over their refusal to commit on the Federal Wire Act. And yes, this feels like a never ending story.  Really, this is a good thing for our industry. Since the Department of Justice was shot down by a Federal Judge over their Wire Act opinion (and again on appeal) they have been very quiet. In fact, the DOJ has said nothing since their defeat. And that’s where the new lawsuit comes in. Since the online gambling business seems to be taking off in the United States (finally), and since…

The 2021/22 Ashes are almost here! One of the world’s oldest sporting rivalries is back to light up the festive season, with five epic Tests to enjoy from Oz this December and January. Australia and England are about to go head-to-head to lift one of the most coveted – and miniscule – trophies of them all.  Here’s all you need to know in the build-up to the Ashes 1st Test… Australia vs England | Ashes 1st Test Betting Preview | Ashes Betting England are aiming to fly home this January with the famous Ashes urn for the first time since…

A new study has found 10 EU Member States have made progress in strengthening their consumer protection rules for online gambling since 2018, although significant fragmentation and gaps in how these rules are implemented still remain. The study, published on Wednesday by the City, University of London (CUL), reviewed specific aspects of the consumer protection rules, including know your customer requirements, the protection of minors, safer gambling, and treatment support; and assessed whether these rules are becoming similar or not. The research, commissioned by the European Gaming and Betting Association (EGBA), concluded that while most Member States have adopted similar…

Gaming Laboratories International (GLI) has appointed Alberto Ruiz-Ocaña as new Business Development Manager for EMEA (Europe, the Middle East and Africa), the testing and certification services company announced on Wednesday. Ruiz-Ocaña has more than 10 years of experience in licensing, compliance, and helping companies develop and implement business strategies, explains a press release. His skills are expected to help enable growth in European and LATAM markets. As Business Development Manager for EMEA, Ruiz-Ocaña will be focused on developing opportunities for GLI with new clients across all sectors of the industry including online, land-based, and VLT Lottery. “Alberto is a great…

New global online casino MrRex announced its official opening on Wednesday. Hosted on the Aspire Global platform, the casino offers a full suite of casino games including digital slots and table games, as well as live-streamed casino options like roulette, blackjack and baccarat. Additionally, the site also features a full sportsbook, which allows users to wager on a wide selection of sporting events, ranging from standard offerings like football and basketball to more “unique” options like chess and darts. MrRex Casino operates under Aspire Global’s MGA and UKGC licenses, according to a press release. B2B provider of iGaming solutions Aspire…

The social casino market is booming, but it’s up to developers and operators to keep this momentum moving forward post-COVID. The impact of the COVID pandemic has been different for every sector, but for many, it’s accelerated a move towards digital platforms. When social distancing measures closed the doors of nearly 1000 casinos in the US, social casino games hit the jackpot. Total global gross gaming revenue of the social casino segment amounted to $6.2 billion in 2020, according to Statista. That’s up from $4.9 billion the year before, and revenue is forecast to steadily grow all the way to…

Abbiati Casino Equipment’s family – Italian brand leader in the manufacturing of roulette wheels, tables, chips, and layouts – suffered the passing of its founder, Giovanni Abbiata a few weeks ago. Today, under the leadership of his son, Giorgio Abbiati, the company continues with its plans to consolidate and enter new markets. In this interview with Yogonet, Abbiati’s CEO explains how they have adapted their offer to the new times and points out in which countries they see growth opportunities.   The pandemic prompted the company to develop antimicrobial products to protect gaming tables. To do so, they partnered with…

888 Holdings announced Tuesday it has been awarded a provisional sports betting license from the Virginia Lottery, thus marking the ninth state in which the company holds local licenses or market access agreements.  In June 2021, 888 announced a strategic partnership with Authentic Brands Group, a brand development, marketing and entertainment company and owner of Sports Illustrated brand to extend Sports Illustrated into betting and gaming. SI Sportsbook was launched in Colorado in September 2021, and will now launch in Virginia in 2022.  While a relatively new sports betting market, sports betting in Virginia has already experienced significant growth. According…

Peru Gaming Show’s 18th edition will take off today at 11:00 am (GMT-5), marking the return of the traditional event to the city of Lima, after a long pause due to the pandemic. Hours before the main opening, organizers of the event highlighted, the “high expectations that revolve around the event in the regional market”, although they recognized that the post-pandemic framework influences the call, since “it will not be the same as past editions, due to the delays caused by the paralysis of the industry, however, enthusiasm and confidence are present”. From AMG SAC, organizers of the event emphasized…

Suncity Group Holdings has now closed all of its VIP gaming rooms in Macau and has reportedly stopped paying some staff, Bloomberg reports. The news comes after the company’s CEO, Alvin Chau, was arrested earlier this week, amid accusations of money laundering and illegal cross-border gambling. The shutting of the company’s VIP rooms will result in a cut of around a third of its Macau headcount, a source familiar with the matter claims. The closure of the rooms has not yet been publicly announced, while Suncity Group has not responded to media requests for comments. It is not clear if…