Author: OnlineGamblingDaily

S ports technology investment firm SeventySix Capital is funding three startups spanning augmented reality (AR), NFTs and sports betting, announced the venture capital company on Monday. The startups are Quintar, NFT PRO, and Lucra Sports. Lucra Sports is a social-first sports gaming platform, currently available via the Apple App Store in 37 states. Led by CEO Dylan Robbins, COO Hannah Farr and CTO Ed Psyk, the company offers a peer-to-peer, real money sports gaming platform that allows fans to compete with their friends. “Lucra is for anyone who has ever filled out a bracket, bought a Super Bowl square, or teased…

H ow are Pronet Gaming and its partners preparing for the Qatar 2022 World Cup? What developments are you working on? The World Cup 2022 is only a year away and, despite all the controversy surrounding the selection of Qatar as host, the excitement is starting to build – not least because it’s probably the last time we will see Cristiano Ronaldo and Lionel Messi together in the same international tournament. Naturally, it presents a massive opportunity for us and our operator partners. While we can’t reveal too much at this stage, it’s safe to say that we will once…

T he New York committee to award online sports betting licenses in the state has taken a big step forward on Tuesday by determining a “final tax rate matrix” that all bidders will have to meet to be considered in the competition. The final tax rate has not yet been released to the public, although it has been confirmed to Elite Sports by a representative from the New York Gaming Commission. Bidding groups have been alerted of the rate and will have until 5 p.m., Monday, Oct. 25, to amend their bids if their proposed tax rates are not as…

 October 20, 2021 For the first time ever, a state has taken in over $1 billion in sports wagers! The success of sports betting in New Jersey has translated to record breaking revenue, and over $7 billion handle so far in 2021. To be precise, it was the Atlantic City casinos and racetracks that raked in $1.01 billion together in September. And it’s a new monthly record not just for New Jersey, but for all the states in America. Casey Clark, Senior VP at the American Gaming Association, said that “New Jersey has always been a strong gaming market. Crossing…

M acau casino operators expect to see Q3 profits slump to $62 million in earnings before interest tax, depreciation and amortization according to a Bloomberg survey of estimates from eight brokerages.  According to the publication, analysts forecast that the latest quarter would be the worst in the fiscal year so far, with the industry’s profit estimate plunging from $414 million. The industry profit estimate is down 97% from pre-pandemic levels in 2019. Last quarter, it was 83% lower than before Covid-19. SJM Holdings Ltd will likely post negative Ebitda for a seventh consecutive quarter, and MGM China Holdings is expected…

8 888 Holdings has shared its Q3 2021 report for the three months ended 30 September. Group revenue in the period grew 7% to $229.9 million versus $215.6 million in Q3 2020, driven by continued expansion in regulated markets despite a tough comparator period due to the “very strong growth” in the prior year. The company also posted a strong performance in B2C gaming ($193.5 million), led by casino, while B2C betting declined 15% against a strong outcome in Q3 2020, when the group benefited from a condensed calendar of sporting events following Covid-related disruption.  Compared to Q3 2019, B2C…

A fter MGM announced in August a new policy that required all salaried employees who did not work from home to show proof of full vaccination as a condition of employment by October 15, CEO Bill Hornbuckle reported Monday that less than 2% of MGM Resort International’s workers chose to lose their jobs over being compliant with the new policy. In a letter addressed to his employees, Hornbuckle expressed that only 91 of the staff members decided not to get vaccinated by the deadline, and 90 of them left the company.  Even though MGM’s mandate only applied to salaried workers,…

T he International Betting Integrity Association (IBIA) reported Tuesday 65 cases of suspicious betting to the relevant authorities during the third quarter (Q3) of 2021. This period’s total represents a 14% decrease compared to Q3 2020, which saw 76 alerts.  The Q3 2021 alerts covered tennis (23 cases), football (18), table tennis (17), esports (2) and one each in handball, cricket, squash, basketball and futsal. From a geographical perspective, Europe accounted for nearly 60% of all alerts reported during Q3, followed by Asia with 15% and Africa 12%. Other key data for Q3 2021: 28 – different countries where alerts…

W azdan has expanded its Hold the Jackpot collection with a modern take on a classic, Sizzling Bells. With an old-school feel, the simplistic, five-reel, and five payline game contains all the features players have come to know and love in a Wazdan game, as well as a max win of 15,000x. When six Bonus Symbols land on the reels, the Hold the Jackpot mode is triggered, where players will face a dual grid reel set. The top reels remain locked unless a Bonus Symbol lands in the corresponding slot in the bottom reel. Two types of symbols are present…

This weeks show is bursting at the seems with gambling news, including how Florida sports betting now legal, but not a casino in the state is accepting any bets! And when it comes to New York mobile betting there have been no licenses issued yet, even though the state says everything will be up and running by next February! And then there is Connecticut online gambling, which went live last week on a limited basis. Florida sports betting is now legal. However, none of the casinos in there will take your action! Why? Well it seems there’s these three little…

O nline betting and gaming brand Betway announced on Friday that it has sealed a multi-year partnership with the Dallas Mavericks, becoming the official and exclusive free-to-play partner of the NBA franchise.  Under the terms of this deal,  Betway’s branding will be shown around the court at the American Airlines Center in Dallas, home of the Mavericks. As well as the Mavericks, Betway is in partnership with five other NBA franchises across the US, as well as the NHL’s New York Islanders. In an official press release, Anthony Werkman, Betway CEO, commented on this alliance and said: “Continuing the growth…

T he two southeastern Connecticut casinos posted their year-over-year stats report showing increases in slot machine revenue on Friday. Mohegan Sun reported it kept $43.4 million after paying out prizes last month, a 7.8% increase over the $40.2 million it saw in September 2020. Foxwoods Resort Casino got $31 million, up 12.1% in a year-over-year comparison.  The casinos contributed 25% of their slot wins to the state, with Mohegan Tribe’s property giving $10.9 million and Foxwoods’ $7.8 million.  Connecticut’s Gov. Ned Lamont at the Mohegan Sun’s ribbon-cutting ceremony of its in-person sportsbook. Both casinos launched on-site sportsbooks on September 30,…

I n an official statement released on Monday, Slotegrator announced a new partnership with Gamzix, a slot game developing company with offices in Estonia and Ukraine, which has put out 20 slots since its founding in January 2020.  The entirety of Gamzix’s catalogue can now be integrated into existing online casinos in a single session via Slotegrator’s dedicated solution, APIgrator.  Gamzix’s slots present mechanics like respins, free spins, expanding wilds and other features. They also generally feature a buy mechanic for players to directly access in-game bonus rounds.  Some of the company’s slots available are “Sunny Coin Hold the Spin”,…

‘Together never felt so good’ is the creative theme adopted by Clarion Gaming in support of the much-anticipated return of ICE London, the most international and comprehensive business-to-business gaming event on the calendar. ICE London, which takes place across on February 1-3 at the ExCeL Exhibition Centre, will be hosting industry professionals from around the world for the first time following a two year Covid-enforced absence. Stuart Hunter, Managing Director at Clarion Gaming and the person responsible for overseeing the return of live events within the gaming portfolio, believes the eyes of the international gaming industry will be focused on…

H ollywood Casino Columbus in Ohio is becoming the first gambling venue in the state to launch cashless gaming, as guests attending the Penn National Gaming-owned casino will no longer need to carry credit cards or cash in order to fund their operations. Following the launch of this technology in other Penn National properties last month, the company now intends to incorporate cashless wagering at its Hollywood properties in Toledo, Dayton and Youngstown by the end of October, reports WBNS. The company is utilizing the mywallet app and the mychoice rewards system, which gives access to “tier status, exclusive rewards,…

This Week in Gambling would like to wish our friends at the Mohegan Sun Casino a very Happy Silver Anniversary! Originally opened in 1996 in the town of Uncasville, Connecticut, the site continues to flourish! Last week, the Mohegan Tribe celebrated the 25th anniversary of running the world class Mohegan Sun in Connecticut, a mega-plex of gaming and entertainment! But they are not resting on their success. Instead, there are plans to grow the property across the river to another 400-acre parcel! Site cleanup is still a work in progress, but the tribe continues to make plans for the future!…