Author: OnlineGamblingDaily

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,…

V ita Media Group has acquired European affiliate network AffiliSearch, the Danish company announced last Friday. This business development is expected to open “an even faster path to growth” for Vita, according to a press release. Vita, a Top 20 Affiliate for 2021, according to EGR Power Affiliates’ list for 2021, says AffiliSearch will operate as an integrated part of its business vertical OMG Affiliates in the future. It is expected this latest acquisition will broaden the company’s verticals and improve the commercial offer for all its stakeholders. “Our company is expanding once again. Our collective effort of growing activities…

M ohegan Gaming & Entertainment announced Thursday its Connecticut property, the Mohegan Sun, was voted “Best Casino Hotel” in the USA Today 10Best Readers’ Choice Awards for the fourth consecutive time.  The land-based casino received the number one spot in the category, along with top rankings in “Best Casino Outside of Las Vegas”, and “Best Player’s Club” for its Momentum Rewards Program.  Nominees for the USA Today 10Best Readers’ Choice Awards were chosen by a panel of experts that included editors from both USA Today and 10Best.com, as well as expert contributors. This year’s nominees included well-known casinos and resorts…

Dec. 16 deadline T he Little River Band of Ottawa Indians rallied support Friday for its proposed Muskegon County casino in Michigan. Tribal leaders, state legislators, local officials, unions and community members gathered at the Muskegon Art Museum to urge Gov. Gretchen Whitmer to approve the $180 million project, as reported by MLive. Nearly 100 people, both tribal and community members, wore pins that said “Governor Whitmer, support our Muskegon casino” and held signs with “Governor Whitmer, Muskegon needs 3,000 jobs.” The Little River Band is facing a December 16 deadline for the governor to sign off on the casino. Since…

 November 7, 2021 Things have been rocking in Sin City as the recovery from the pandemic continues, but one Strip casino is on the chopping block. Which one? No one knows just yet… not even Caesars Entertainment. Despite a robust jump in revenue over last year, the company as a whole still expects to see a net loss of more than $230 million. Revenue is up almost 90% from last year, but has announced plans to part ways with a yet-to-be-named Strip casino. Caesars is making this move in order to secure more cash, and also has plans to liquidate…

 November 6, 2021 The 9 Masks of Fire slot is a 5 reel game with 20 paylines from Microgaming! It features a Bonus Round, Bonus Spins, Wilds and Scatter Symbols! Plus, Free Spins have a 3x Multiplier, and landing the 9 Masks can bring wins up to 2,000 times! Landing enough masks could win you a huge prize equal to 2,000 times your bet! Take a spin on the bonus wheel to get to the free spins where you may just end up with 30 extra spins and wins that are tripled in value! Players can start spinning for as…

 November 5, 2021 At a time when we’re seeing record gambling revenues from Las Vegas to Atlantic City, we may lose sight that Colorado and Tennessee sports betting are also doing well. Actually, Colorado just set a new record for their sports betting handle with just over $408 million in the month of September. The monthly revenue for the state was more than $22 million, which barely missed setting another record for revenue in a month. Their best month ever was slightly over $23 million. Meanwhile, Tennessee sports betting is doing better than anyone expected. The state’s Education Lottery there…

I nternational Game Technology PLC’s subsidiary IGT Global Services Limited has signed a seven-year agreement with La Française des Jeux (FDJ), operator of the French National Lottery, the company announced on Wednesday. Due to the newly-signed agreement, IGT will upgrade the current lottery central system to IGT’s Aurora platform. The new system, with its enhanced functionality, is expected to go live in the first quarter of 2023, according to a press statement. Once installed, Aurora’s framework will be connected to FDJ’s player and retailer account management platforms, enabling end-to-end integration of classic draw games into FDJ’s new digital omnichannel architecture. …

L as Vegas-based Golden Entertainment Inc. stated Wednesday the new Resort World Las Vegas has not made an impact on operations at the company’s The Strat, as the operator reported a record Q3 revenue, net income and adjusted cash flow for the period ending on September 30. Golden Entertainment reported 2021 third quarter revenues of $282.4 million compared to $205.4 million for the third quarter of 2020. Net income for the third quarter of 2021 was $29.1 million, or $0.91 per fully diluted share, compared to a net loss of $7. million in a year-over-year contrast. Adjusted EBITDA was $73.4…