Author: OnlineGamblingDaily

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…

A bill proposed on Tuesday by Sharren Haskel, chairwoman of New Hope faction, a national-liberal political party, and Boaz Toporovsky,  Head of Yesh Atid, a centrist political party in Israel, would legalize poker and host international poker tournaments if passed into law. The bill would enable the minister of culture and sports to recognize the poker industry with key conditions and grant licenses. It would regulate poker tournaments but continue to prohibit tournaments that are not held with legal permits. Although sports betting and the lottery are both legal in Israel, other forms of gambling, such as poker, are strictly illegal…

Esports Technologies announced Tuesday it has won the 2021 Esport Product of the Year award at the SiGMA Europe’s Gaming Awards ceremony, held in conjunction with the SiGMA Europe conference and expo, which took place at the Hilton Malta Conference Centre in St. Julian’s on November 15. The company was recognized for its achievements in 2021, including a patent-pending real-time odds modelling and simulation system that instantly generates odds and betting markets for esports betting use. It also devised a patent-pending live streaming wagering technology, which allows sports and esports fans to wager in real time across streaming platforms. Several…

The Australian Communications and Media Authority (ACMA) announced Wednesday it will request Australian internet service providers (ISPs) to block two illegal offshore lottery websites: We Love Lotto and Red Fox Lotto.  As published in the Authority’s official website, member Fiona Cameron said the two domains will be the first lottery sites blocked in the country after ACMA investigations found they offer tickets in major overseas online lotteries, and are not licensed in Australia, which is prohibited under the Interactive Gambling Act 2001. Cameron referred to these two websites’ operations as illegal and said there are “no consumer safeguards in place…

Inherent Wealth Fund, an ETF (Exchange Traded Funds) sponsor focused on thematic and sector-specific investing, announced on Tuesday the launch of iBET Sports Betting & Gaming, the first and only actively managed sports betting & gaming ETF. Inherent Wealth Fund founder, CEO Jeffrey Kamys is bringing more than 15 years of experience in the fantasy sports, sports analytics, and sports world to manage the fund. Kamys said: “We’re excited about the growth of this industry as more states move toward legalizing sports betting. With the recent announcement and entry of Disney into the sports betting arena, we believe it’s the green light…

The Abbiati family announced on Wednesday the sudden death of Giovanni Abbiati, founder of the Italy-based gaming supplier Abbiati Casino Equipment. He was 77 years old, and “passed away peacefully after a very short illness,” according to a statement released on Wednesday morning. Founded in 1976, the company is privately owned by the Abbiati family and is based in Turin. It has provided professional articles for casinos for over 30 years, building up an international reputation and client base “with almost every county and city that offers legalized gaming,” according to the firm. Abbiati Casino Equipment’s main business is manufacturing…