Author: OnlineGamblingDaily

Goldman Sachs has delivered a blow to Entain, the parent company of Ladbrokes and Bwin, as it downgraded its rating from buy to sell, expressing deep-seated concerns about the trajectory of the company’s business growth, particularly within its online division. This downgrade was coupled with a reduction in Entain’s price target, plummeting from 1,450p to 820p.  The new target represented a 2.9% decrease from the closing price yesterday, November 27. Monday’s closing price of 844p was also 1.7% lower than the previous Friday’s closing at 859p. The downgrade decision is rooted in a series of challenges that Entain has grappled…

We are talking about the Hot Lucky 7’s online slot, a 5 reel, 4 row game from Betsoft! This is a classic slot game with over 1,000 paylines and medium-to-high volatility! The Wild Symbols come with multipliers attached wins up to 5 times your bet, and they can combine for even bigger wins! And be watching for the Scatter Coin Symbols, as landing 3 or more anywhere on the reels will award players with up to 20 free spins! Every day can be your lucky day in Hot Lucky 7’s! The essence of adrenaline and high hopes ring through the…

Construction began on the Fontainebleau Las Vegas way back in 2007. Honestly, I don’t even remember where I was or what I was doing back then. But regardless of how we arrived at this date, we are finally going to see the grand opening of this big, blue building on the north end of the Strip. The date has been set for the doors to open. That date is the 13th of December, which is just over two weeks away. We thought that leading up to the big day you may want to know a little bit about the Fontainebleau…

iGaming content supplier Pragmatic Play has announced a new partnership with Slovakian gaming operator Niké. This agreement will see Pragmatic Play’s slot games supplied to the brand, marking a step forward in expanding the company’s presence in the Slovak market. Under the terms of the agreement, Niké customers will gain access to a range of Pragmatic Play games, from recent titles such as Tundra’s Fortune and Cash Chips, to player favorites Sugar Rush and Gates of Olympus.  This partnership represents a new step for Pragmatic Play in its mission to expand its presence in the European market. In addition to…

PayBrokers, a Brazilian payments company in the sports betting and iGaming sector, participated in the 18th edition of the Congress of the Ibero-American Corporation of State Lotteries and Bets (Cibelae), held between November 19 and 22 in Lisbon, Portugal. Considered one of the main events in the market, the Cibelae Congress focused on responsible gaming, something that is in line with PayBrokers’ activities. The company launched the e-book ‘Complete Guide to Responsible Gaming’, signed by its legal director, Ricardo Feijó. “The gaming and betting market must go hand in hand with responsible gaming, as it is the best way to…

Entain, the parent company of renowned betting brands Coral and Ladbrokes, is set to pay penalties totaling more than $739.2 million (£585 million) following an extensive probe into alleged bribery related to a former Turkish subsidiary.  The company recently disclosed that it had reached an agreement with HM Revenue & Customs (HMRC), outlining the payment of $739.2 million in penalties and profits disgorgement. Additionally, the company committed to donating $25.27 million (£20 million) to charity and covering HMRC’s costs with an extra $12.64 million (£10 million) payment, as conveyed to shareholders. The investigation, initiated by HMRC in 2019, scrutinized activities linked…

The Ministry of Planning and Investment of Vietnam has unveiled a plan for a $2.18 billion tourist complex, including a casino, in the northern province of Quang Ninh. The report has been submitted to the Prime Minister for approval. The casino resort project, proposed by the Quang Ninh People’s Committee, would be located in the Van Don district and span 245 hectares in Van Yen village, about the size of 343 standard soccer fields. The initiative aims to establish a premium tourist destination featuring hotels and resorts. With an initial budget of $2.18 billion (VND51.55 trillion), the project is expected…

Casino gaming solutions provider CT Gaming took home the Casino Management System of the Year award at the BEGE Awards 2023 ceremony. “This recognition is a testament to the team’s innovation and hard work and underscores the commitment to excellence in the industry,” the company said.  “We are beyond thrilled to receive the award for best Casino Management System of the year for a second year in a row. It is proof of our team’s dedication to constantly improving the products and delivering optimal results,” said Biser Bozhanov, Director of Business Strategy and Sales at CT Gaming. “Such an accomplishment can…

Amidst the evolving iGaming landscape, SOFTSWISS, an international tech company, shares a comprehensive report detailing the key trends that will shape the industry in the coming year.     Players gravitate towards a deeper sense of purpose and community fostered by in-game competition, social interaction, and collaboration – an observation from a survey outlining the 2024 industry trends.  Based on both internal and external inquiries, the report covers a spectrum of existing and emerging trends. Through comprehensive descriptions and insights from SOFTSWISS experts, this free download aims to assist iGaming businesses in shaping their strategies for the next year. Outlined below…

After the approval of Bill 3.626/2023, which regulates Brazilian sports betting, by the Senate’s Economic Affairs Committee (CAE), BNLData, Yogonet’s official partner, reported on the work of Senator Angelo Coronel (PSD-BA), the bill’s rapporteur. Magnho José, editor of BNLData and president of the Brazilian Institute of Legal Gaming (IBJL), explained in his analysis the importance of the adjustments and improvements to the text made by Coronel, giving him credit for the bill’s approval. According to Magnho, the parliamentarian spoke with the president of the Chamber, Representative Arthur Lira; with the rapporteur of the bill in the Chamber, Representative Adolfo Viana…

British standards body Betting and Gaming Council has urged Chancellor Jeremy Hunt to rethink what it terms a ‘stealth tax’ on land-based casinos, which was confirmed in the Autumn Statement, a government document featuring economic forecasts and tax spending proposals. Under measures announced by the Treasury, Gaming Duty Bands applied to U.K. casinos have been frozen again and will not rise with inflation, effectively creating a £5 million ($6.3 million) annual tax increase across BGC’s land-based casino members, says the body.The industry was expecting the freeze, initially announced in March, to be lifted, providing support to a sector the body describes…

The Iowa Racing and Gaming Commission (IRGC) has revealed the latest data for state revenue generated from legalized gambling. While revenue from casino gaming is falling, sports wagering revenue is on the rise in the Fiscal Year 2024 (July 1st, 2023 – June 30th, 2024).  For the first four months of Fiscal Year 2024 (July 1-October 31, 2023), Iowa received $105.2 million in casino gaming taxes, a decline of $5.9 million over the same period in Fiscal Year 2023.  In October 2023, Iowa collected $26.7 million in casino gaming taxes, a reduction of $2.3 million from what it collected in…

 November 10, 2023 Yesterday we reported that Caesars Entertainment has reached an agreement with the Union to avoid a Vegas strike. Today we can share that Wynn and MGM Resorts have also come to an agreement with workers to avoid a work stoppage. Union representatives reported earlier today that a “tentative agreement” had been reached with the two remaining resorts that will get employees new new five-year contracts, narrowly missing today’s 5am deadline. The 11th hour deal to avoid a Las Vegas strike comes just days before the Las Vegas Grand Prix is scheduled to begin, with the 100,000 tourists…

Just one day before workers across Las Vegas are set to walk off the job, Caesars Entertainment has reached an agreement with the Union. The deal was struck after a “historic” 20 hours negotiation session between the two sides, although details have not been made public. This does not mean that a Las Vegas strike has been averted, as there has been no announcement of an agreement reached between Union representatives and the other two operators involved. Talks with MGM Resorts and Wynn Resorts continue, but the deadline for the work stoppage is now less than 24 hours away. Union…

As over 30,000 workers across Clark County prepare for a strike, the Las Vegas casinos which will be impacted by the stoppage are preparing for the worst. In an ominous sign of things to come, management at these resorts is making plans to keep their properties running in a “worst case” scenario. Employees at MGM, Caesars, and Wynn properties are seeking a new, five-year contract before their November 10th deadline. Now, contingency plans are being implemented across the 18 Las Vegas casinos effected. This includes hiring new employees. On the other side, the Union representing the workers is also making…

The New Jersey Casino Reinvestment Development Authority (CRDA) could see the departure of its executive director, Sean Pattwell, as he seeks new opportunities in the private sector, local media reports indicate. The executive director’s exit is expected before the year ends, although the exact timeline remains uncertain, people familiar with the situation told ROI-NJ. Patwell stepped into his role in April 2022, replacing the former director, Matt Doherty, bringing with him an extensive background in the insurance industry. Prior to joining CRDA, Pattwell had a significant career in the insurance sector both domestically and internationally, serving as co-CEO of Herbert L. Jamison…