Author: OnlineGamblingDaily

E volution Group’s Red Tiger brand has released a new magic-themed slot game Beriched, which gives players the opportunity to make mystical recipes and see if they have the ‘Beriched touch’. These recipes award wonderful wins and players can enjoy the features this 5-reel, 4-row slot game has to offer, such as Wilds, Symbol Locks, and Free Spins. With high volatility, this game will ‘Berich’ players with The Recipe, a random set of symbols sitting below the main reels. When players land a symbol matching those featured on the line below the reels, it will trigger the Symbol Lock mechanic,…

G ame Play Network and World Poker Tour Enterprises, the internationally televised gaming and entertainment brand, announced Wednesday plans for a partnership that will add real money video poker, casino games and poker tournaments to WPT’s existing suite of online poker and social gaming products.  In an official press release, Adam Pliska, WPT’s CEO, commented on this new alliance and elaborated on the terms under which it will develop: “In addition to our extensive live tournament and distribution network global footprint, our online platforms and products make up an ever-growing portion of our company’s portfolio”. Over the last 19 years,…

G reece’s Gaming Commission announced Tuesday that it is in the process of evaluating the files of two new casinos to be built in the country, located in Athens and Crete.  The Athens-based property will be built as part of the Ellinikon urban development complex in the Southern part of the city. The casino plan, called Inspire Athens, will be constructed by GEK Terna, along with Mohegan Gaming and Entertainment. The 1 billion euro project will also include a luxury five star hotel with nearly 3,500 beds, along with exhibition and meeting areas. The Gaming Commission is expected to issue…

C aesars Entertainment launched its 2020-2021 Corporate Social Responsibility report on Wednesday. The report’s highlights include the company’s response to team members and communities during the global pandemic, recognition from CDP in addressing climate change and water security, and a new multi-year relationship with the NFL “that reflects an ongoing commitment” to responsible gaming, according to a press release. “The new Caesars Entertainment, which was formed through the acquisition by Eldorado Resorts in July 2020, laid a strong foundation for the future,” said Tom Reeg, CEO of Caesars Entertainment. “We made significant progress in all the key areas of our…

L as Vegas Sands shared its third-quarter report on Wednesday, posting net revenue of $857 million, significantly up from $446 million in the prior-year quarter, while below pre-pandemic levels of $3.25 billion. While pandemic-related restrictions and reduced visitation in Macau and Singapore continue to impact the operator’s financial results, the company was still able to generate positive EBITDA in each of the markets where it operates. However, figures remain well below 2019 levels as a new regulatory crackdown is set to be launched in China. Despite the ambivalent current situation, the company remains “enthusiastic about the opportunity to welcome more…

R eal Luck Group Ltd. and its subsidiary companies doing business as Luckbox announced on Thursday a partnership with global payment technology company Nuvei. Luckbox will leverage Nuvei’s extensive range of payment methods and innovative payout products to further improve its offering to new and existing players. Luckbox head of payments Boris Kostadinov, commented: “We are thrilled to announce Nuvei as our payment technology partner. Nuvei is a leading payment technology company with extensive experience in the digital and iGaming sectors, and its extensive range of payment methods will allow new and existing customers a comprehensive choice of payment options…

If you thought that the proposed 50% tax rate for New York mobile sports betting was too high, then brace yourselves. The State Gaming Commission has just confirmed that the new and improved tax rate will be no less than 64%… the highest in the nation. The operators who applied for licenses to provide mobile sports bets in the state have been informed of this change, and the Commission has given them until this coming Monday, October 25th, to amend their bid proposals if they did not include a tax rate of at least 64%. Well, that’s pretty nice of…

T he speaker lineup for this month’s SBC Summit Latinoamérica conference and exhibition has been further strengthened with the addition of experts from Kindred Group, Retabet, Rivalo, Pinnacle, Betway, Playtech, Fifth Street Gaming, and LOTBA. The inaugural edition of the event for the sports betting, igaming, and lottery industries in markets across Latin America takes place at the JW Marriott Marquis Miami on October 27-28, 2021. It features a conference agenda that will examine the major issues facing gambling operators, suppliers, affiliates, and regulators in recently-regulated markets and territories currently trying to design workable regulatory regimes. The agenda is complemented…

G ame Play Network announced Wednesday a game publication agreement with AGS to integrate AGS’ remote game server (RGS) and online and mobile games into GPN’s B2C website & mobile app. GPN is a licensed gaming company with a patented platform that facilitates the reveal of real money wagers on live horse races to customers via casino-style games. The platform enables its partners to offer their players the ability to offer iGaming for real money in the vast majority of the US. In an official press release, GPN’s Chief Commercial Officer Sam Kiki spoke about this partnership and said: “We…

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,…