Author: OnlineGamblingDaily

B ally’s Corporation reported Thursday its financial results for the third quarter 2021, ended on September 30, with record revenue of $314.8 million, a 169.9% increase in a year-over-year comparison. Net loss was of $14.7 million, in contrast to net income of $6.7 million for the comparable period; while Adjusted EBITDA accounted for $78 million, an increase of $40 million compared to 2020. The company’s retail casinos segment revenue hit a record of $301.6 million, while their net income was of $49,4 million, versus $22.1 million for the comparable period. Adjusted Retail Casinos EBITDAR was $106.5, in contrast to $43.5…

G reentube, the NOVOMATIC Interactive division, announced Thursday it has further extended its footprint in Germany after signing a new deal with operator Interwetten for the distribution of its content. Greentube’s portfolio titles are set to go live with the operator later this month. The selected games include “Chili Bomba”, “Star Supreme”, and “40 Fortune Fruits 6”, as well as titles from the Diamond Link Series.   Interwetten is an online brand which offers German customers both sportsbook and casino. Through this partnership, Greentube will be able to provide its content to a wider audience as it continues to forge new…

H ow is BMM situated presently in the gaming test lab space? BMM is a clear number 2 and rising quickly in the gaming lab market, internationally, but more particularly in the U.S. We employ more staff today than we did prior to the pandemic as we continue to grow. Our digital testing business is growing very strongly while our traditional land-based testing awaits the demand that will come from land-based casinos opening up again all over the world. We are confident about our future growth. As more and more people in the developed world pursue vaccinations for COVID-19 and…

C ollegiate level sports betting on events that are held in New Jersey has been rejected after 57% of voters said no to a ballot question on amending the state constitution to expand restrictive college sports betting law, as reported by the Associated Press.  Even though collegiate athletic events held in New Jersey will remain off-limits, voters green-lit a ballot measure Tuesday that allows nonprofits to use money they collect from games of chance such as raffles and bingo to support their operations. That question was approved 64% to 36%. So far, nonprofits could only use such revenue in limited…

I nspired announced Wednesday the signing of an online virtual sports contract with Mozzart through which its Virtual Plug & Play will launch throughout Eastern Europe.  Under the terms of this agreement, Inspired will supply Mozzart with the Virtual Plug & Play solution, allowing Mozzart’s players to access multiple Virtual Sports online, including soccer, basketball and football, via a direct wallet integration.  Initially VPP is expected to launch in Mozzart’s core market, Serbia. The company has agreed to deploy Inspired as its primary Virtual Sports channel across all brands and territories.  In an official press release, President and COO of…

A t least two operators have been chosen and will be announced as soon as this week to launch online sports betting in New York, according to sources cited by New York Post, which reports online betting is likely to be up-and-running before the kickoff to the Super Bowl. The reports by people familiar with the matter indicate the consortium of Bally Bet, BetMGM, DraftKings and FanDuel, along with the group formed by Caesars, Wynn Interactive, Empire Resorts, PointsBet and Rush Street Interactive, could be the chosen two. The same sources further told The Post that a third group, consisting…

A new UNLV research claims a common strategy applied by casinos worldwide to increase play time on slot machines might not be the best choice. The action consists of lowering the “house edge,” which is the casino’s advantage when looking at the long-term difference between how much was wagered versus how much was paid out. The idea is that if you play a slot machine with a 5% house advantage, you can expect to play for twice as long as a game with a 10% house advantage. However, according to a new study by professors Anthony Lucas and A.K. Singh,…

T ipico announced on Wednesday the official launch of its proprietary online casino for consumers in the New Jersey market. Following the debut of the multi-state Tipico Sportsbook platform in New Jersey and Colorado earlier this year, this launch marks the second product in the proprietary suite developed in-house for the US market by Tipico USA Technology. The iCasino features a seamless login and wallet for existing Tipico Sportsbook users and is available on desktop or as a stand-alone mobile app for iOS and Android. At launch, the casino will feature titles like 88 Fortunes and Monopoly, and over time will roll…

A fter voters decided to extend its approval on Tuesday, now that the referendum that allows gaming was passed, legalized casino gambling could still come to Linn County. While the area does not have casinos, roughly 55% of voters favored a referendum that allowed excursion gambling boats or gambling structure activities to continue, while 45% voted against. The vote does not approve a specific casino plan, but it would allow the Cedar Rapids Development Group and other organizers to put together another plan to submit to the Iowa Racing and Gaming Commission sometime in the future.  The CRDG and its…

 November 3, 2021 Think the pandemic has killed Nevada gambling revenue? Don’t bet on it! The Nevada Gaming Control Board has released the numbers for September, and it’s all good news! We had reported that gambling in the Silver State was on a six-month hot streak of generating over $1 billion a month. And now you can make it seven months, which is the second longest streak of billion dollar months ever! The winnings for the state in September were $1.16 billion, to be precise. That’s more than a 40% rate of growth from last year, and nearly a 10%…

G 2E Digital has announced a new edition of G2E Virtual Roundtable, which will address operational challenges such as stock availability, pushing product to market, and balancing financial frugality amid the pandemic. ‘G2E Virtual Roundtable: Getting Ahead of the Game’ will be presented by Quixant on Wednesday, November 10 at 2:00 PM EST, moderated by Quixant’s Abhinay Bhagavatula, Chief Technology Officer; and Duncan Faithfull, Chief Commercial Officer. You’re invited to a G2E Virtual Roundtable with @Quixant on Wednesday, November 10 at 2:00 PM EST! 📧Join to tackle your business challenges including stock availability, pushing products to market, & more.Prepare for…

R esearch conducted by independent price comparison website NerdWallet to British gamblers has discovered that 38% of frequent gamblers, classed here as gambling at least once a month, are gambling more than they did prior to the Covid-19 pandemic. And the more frequently respondents gambled, the more likely they were to have seen their gambling habits increase, 63% of those who gamble every day said they are gambling more than they did pre-Covid. The easing of lockdown hasn’t necessarily caused gambling to revert to its pre-pandemic levels, either. Nearly 62% said their gambling had remained the same since lockdown ended,…

O n Tuesday, Hard Rock Hotel & Casino Atlantic City President Joe Lupo was appointed president of the Casino Association of New Jersey by the association’s members. He succeeds Terry Glebocki, former CEO of Ocean Casino Resort, who stepped down last month. Lupo said in a statement: “Terry did a great job as a leader, and we are grateful for her meaningful contributions to the industry. I am prepared to lead the CANJ forward as we work to reinvigorate Atlantic City. Our industry is invested in this community, and we believe with continued hard work and determination, Atlantic City’s best…

C aesars Entertainment on Tuesday released its third quarter 2021 financial results. The gaming giant posted net revenue of $2.7 billion, up from $1.4 billion in the prior-year period; and a net loss of $233 million, compared to a net loss of $926 million in 2020. The quarterly net loss has proved to be a surprise for both company and shareholders. The company said it would have been more profitable if not for the fallout from Hurricane Ida, and a fire in Northern California. The company also reported same-store Adjusted EBITDA of $882 million versus $433 million in Q3 2020,…

T he University of Nevada, Las Vegas (UNLV)’s International Gaming Institute (IGI) is currently looking to raise funds for a new gaming research project that will carry out detailed analysis to study “responsible gaming measures”. Entain Foundation was the first donor of the project, having agreed to donate $20,000 each month, bringing the total donation to $240,000.  The initiative’s founders hope to better define the lines between safe and unsafe gambling, identify potential policy gaps and apply their research to real-world settings. This project will be spearheaded by industry veterans that bring together a combined 50 years of experience in…

Online gaming platforms have become popular in the recent past. Each venue offers a variety of games that individuals can play for fun or money. The platforms are run by companies that have established their network in different countries or states. Each gaming platform has its own rules and regulations. The majority of the platforms only allow individuals who have reached the age of eighteen to create an account and place their stakes on specific games. The gaming platforms are varied, and choosing the best one becomes tricky. The online gaming site needs to have security and be trusted by…