Author: OnlineGamblingDaily

The complex and far reaching consequences of Florida sports betting may finally come to an end this Monday, as a Federal Judge says she will most likely issue her summary judgment on this matter by November 15th. You may recall that this case began in May when the state of Florida entered into an agreement with the Seminole Tribe, granting them exclusive rights to the sports betting action in the state. All bets would go through their servers on Tribal land. But with so much money up for grabs, not everyone was happy about the decision. Lawsuits were filed which…

It’s been a long time coming. Now, the list of mobile sports betting operators for New York has been released, and it says a lot about the state legislature there. The two bidding parties revealed are one from FanDuel and another from Kambi. That does not mean these are the only two operators, though. The bid from FanDuel includes additional operators such as DraftKings, Bally’s, and BetMGM. The bid from Kambi includes PointsBet, Caesars, WynnBET, Resorts World, and Rush Street Interactive. Noticeably missing from the list of approved operators are bet365, FOX Bet, and Barstool sports. Why would these reputable…

F BM Digital Systems has announced that it will be showcasing more than 50 customized and high-value products at SiGMA Europe, on booth BR60. The event will take place at the Malta Fairs and Convention Centre (MFCC) on November 15-19. FBMDS brings a diverse portfolio of more than 50 products, including video bingo, slots, table games and video poker titles. The video bingo collection grew with new full HD games and a Free Play Bonus collection designed as a strategic move to fulfil the LATAM market players desires. Additionally, FBMDS followed the same logic in Portugal by launching a new…

E GT Interactive announced Wednesday its attendance to the SiGMA Europe exhibition as GOLD Sponsor. The company will meet partners and delegates at the event, which will take place November 16-18 in Malta.  The company will present its newest video slots, produced in-house from the concept and development to the implementation. “Furthermore, the products captivate with intriguing features and entertaining gameplay. Being inspired by the customers’ needs and the latest industry trends, the company’s new games are a true leader in the iGaming market”, the company stated.  Some of the new titles available at EGT’s stand will be “20 Golden…

S oo Kim, Managing Partner and Chief Investment Officer at Standard General, and Chairman of the Board of Directors for Bally’s Corporation, is set to participate in SBC Summit North America as a keynote speaker. The executive will hold a “fireside chat” session, the event organizers announced. The Summit will take place on November 30 – December 2 at the Meadowlands Exposition Center in Secaucus, New Jersey. SBC Summit describes Kim as a “major keynote speaker” with extensive experience in the industry. The executive is a Founding Partner of Standard General and has been investing in special situations strategies since…

S cientific Games published Tuesday its third-quarter report, showing a consolidated revenue from continuing operations of $539 million, up 25% in a year-over-year comparison.  The company reported a gaming revenue of $339 million, up 47% compared to 2020, which the SG described as “driven by strong growth in gaming operations due to an increase in our premium installed base as well as growth in Game Sales and our Table Game Business”.  Net income from continuing operations was $100 million, compared to a net loss of $187 million in the prior year due to a $181 million income tax benefit “as…

D ata-driven research and analytics company M Science is launching a digital sports betting and iGaming platform, the firm announced last week. The new data solution allows clients to track key performance metrics for digital sports betting and iGaming companies on a state-by-state and weekly basis. The launch of the new offering builds upon research and data solutions the company has provided to investors and companies for nearly two decades, says M Science. It’s powered by its near real-time transaction data, and “expands market information available” to digital sports betting and iGaming companies. According to the analytics firms, by leveraging…

We’re heading to Hereford for today’s racing tips, ahead of a sizzling six-race card from the Welsh borders.   Ready for today’s suggested trio? Racing Tips – 9th November – Hereford Racing Tips 🏇 13:52 – Steinkraus – 11/8 Seems to be steadily improving as autumn goes by having taken top billing for the first time at Ayr two weeks ago; this longer trip will test him, but he has placed on all three of his last runs under Brian Hughes. 🏇 14:52 – Switch Hitter – 7/4 Can press all the right buttons if repeating spring form that saw…

N ew York is set to become the largest gaming market in the US despite its high 51% tax rate, according to a new prediction by gambling bonus comparison site BonusFinder.com. Its new Bonus Index finds that the combination of a 20 million population, a competitive market, high bonuses and sizable player volumes will more than offset the tough tax regime. “New York will become the US sports betting market’s most lucrative and consumer-friendly state despite one of the highest tax rates on nine newly licensed operators,” stated the site. A booming market both for brands and consumers, with strong…

Nov. 8-11, Texas B IG Cyber LLC, a BMM Innovation Group company specialized in security services, will exhibit at the upcoming TribalNet Conference and Trade Show 2021, to be held November 8-11 in Grapevine, Texas. The event is focused on IT and cybersecurity solutions for tribal enterprises and governments. In addition to exhibiting, BIG Cyber will also be a special sponsor of the event. Attendees and exhibitors will be able to find the company at booth #416. There they will have the possibility to network with BIG Cyber’s team of cybersecurity experts, as well as learn about the products and…

G aming Innovation Group (GiG) has reported revenue figures of €17.0 million (US$ 19.7 million), for the third quarter of 2021. This represents a 20% increase in the same period last year. Earnings before interest, taxation, depreciation, and amortization (EBITDA) came to €5.3m, which is a 65.6% increase from 2020. Media services were the largest contributor to the revenue total, generating €11.2 million (USD $12.99 million), a 30% increase from 2020’s €8.6m total, while platform services added €5.7 million (USD $6.61 million), representing a 6% increase from the previous year. Depreciation and amortization came to €3.4m, leaving earnings before interest…

“We are returning to a new normalcy with the same old idea, to make the gaming industry recover the dynamics, solidity, and brilliance of always”, highlighted the organizers of the traditional Peruvian business fair. “The long-awaited reunion will be a reality between exhibitors, operators, investment agents, and visitors linked to the sector,” they added, inviting all interested parties to register online to join the event: https://perugamingshow.com/registro/. Recently, those responsible for the event assured that in “a year of uncertainty for various reasons, they put the implementation of PGS 2021 in doubt. However, the decision to make and promote, in addition…

B efore they can lay down €10 on the 10/1 underdog or place their bets for roulette, players have a crucial step to take: their first deposit. Online casino and sportsbook operators need to know the payments landscape like the back of their hand in order to offer players in different regions the payment methods they need. Credit cards like Visa and Mastercard are famously accepted around the world, letting users everywhere make payments with a card, a phone, or even a watch. But in the iGaming sector, they’re not a one-size-fits-all solution.  Online casino and sportsbook operators who think…

This week’s gambling news finds both Caesars Entertainment and MGM Resorts looking to sell Las Vegas Strip casinos! MGM plans to sell The Mirage, while Caesars has yet to name which Strip casino they plan to move. But why sell any of their Las Vegas casinos when Nevada is in the middle of such a strong economic recovery? On our show from October 12th we reported that casinos in Nevada were on a six-month streak of bringing in over $1 billion in gaming revenue each and every month! And now, here we are in November, and I’m happy to report…

A GS has posted its third-quarter 2021 results. Throughout the period, net loss improved to $1.8 million compared to $3.9 million in Q2 2021; while adjusted EBITDA Margin surpassed the upper end of the targeted 45% to 47% range. AGS’ Chief Financial Officer, Kimo Akiona, called the third quarter “solid,” and said given the financial results obtained so far, the company now expects to be “nicely free cash flow positive” for the full year.  The developer and supplier now looks ahead to manage its leverage and liquidity position to ensure it can execute on opportunities to lower its borrowing costs,…

“Thanks to the changes that are coming in the Caribbean region in the next few years, especially regarding the regulation of physical casinos and online gambling in the Dominican Republic, Mexico, Costa Rica, and El Salvador, GAT Caribe presents the opportunity to share the perspectives of regulatory processes with the development of panels and conferences”, the company highlighted. José Aníbal Aguirre, CEO, and organizer of the event, said: “We have achieved very valuable institutional support for the execution of this meeting, unprecedented in Punta Cana. Through David Moniz, we have the approval of the Dominican Association of Casinos. Ricardo Nadal,…