Author: OnlineGamblingDaily

U .S. commercial gaming revenue for the second quarter of 2020 totaled $2.30 billion, a steep 78.8 percent year-over-year contraction, according to the American Gaming Association’s (AGA) new Commercial Gaming Revenue Tracker. Due to the impact of the COVID-19 pandemic, the U.S. gaming industry saw revenue decline in nearly every reported vertical compared to Q2 2019. “COVID-19 has undoubtedly posed the most difficult economic challenge the gaming industry has ever faced,” said AGA President and CEO Bill Miller. “Yet, gaming’s record popularity prior to COVID-19, as well our resilience in the midst of such adversity, is evidence of the industry’s foundation…

G VC Holdings on Thursday reported interim results for the first half of the year showing a flat profit, and the group decided not to pay a dividend for the period due to continued uncertainty about the effects of the COVID-19 pandemic.  The owner of Ladbrokes, Coral, Bwin and Sportingbet reported net revenue of £1.6 billion (USD 2 billion) for the six months to June 30, 2020, which was down 11% year-on-year, as online revenue rose 21% at constant currency rates, but bookmaking turnover was roughly halved because of the coronavirus lockdown. The group made net profit of 2.1 million…

W ith major sporting events returning toward the end of July, New Jersey’s sportsbooks took $315.1 million in bets last month, up 91% over June’s total and up 25.4% from the same month of 2019. Sports betting revenue was $29.6 million, according to figures released Wednesday by the New Jersey Division of Gaming Enforcement. That’s up 65.2% over last July, which is usually one of the most quiet sports betting months. Online gaming revenue for the entire market was $87.5 million, representing a 122.5% increase over the same period last year. As for Atlantic City’s casinos, total gaming revenue was…

L eoVegas released today the company’s quarterly report for the period between April 1 – June 30, 2020. “The strong EBITDA growth clearly illustrates the scalability of our business model,” said Gustaf Hagman, Group CEO. “LeoVegas has delivered continued solid growth and profitability during a period of exceptional circumstances in the world around us. Supported by the record-large customer base that we entered the quarter with, together with our ability to quickly adapt to new conditions, the positive trend from the first quarter is continuing.” Revenue increased by 17% to EUR 110.7 m (94.4). Organic growth in local currencies was 19%.EBITDA was EUR…

It certainly didn’t take long for sports betting to take hold in the state of Indiana. Recent reports show that more than $1 billion dollars were wagered in the state in less than one year. That is a massive total that’s exceeded all expectations. Additionally, the industry continues to increase with each passing month. The total handle more than doubled in the month of July alone, and that is a trend that shows no signs of stopping as more sports return to live action. Revenues Keep Increasing Taking a look at the sports handle in the month of July, over…

Like the rest of professional sports throughout the world, cycling has returned to live action after a lengthy hiatus due to the pandemic. The sport also had to sprint their way to a revised schedule for 2020 and crunch as many of their iconic races into a shortened season. In addition to the Grand Tours and Monuments, smaller stage races with a prestigious history have also been included into this truncated season like the Criterium du Dauphine. Typically held in late-May, this year’s 72nd edition of the race will be held from August 12th to August 16th. Not only will…

Blackjack and slot machines are at the top of the casino food chain. The former is the most-popular table game in many countries, while slots rule land-based and online casinos. When it comes down to overall popularity, though, far more gamblers play slots. Case in point: slot machines greatly outnumber blackjack seats in casinos. Again, slots and blackjack are both very popular games. But why is it that slot machines draw far more players? Here are 7 reasons why more people spin the reels than sit down to blackjack tables. 1 – Slots Are Easy to Dive Into You don’t…

Craps is easily one of the most-popular games in American casinos. It’s also widely available throughout many other parts of the globe. This game appeals to gamblers due to its exciting atmosphere and team-like feeling. Many players like betting on the shooter winning (i.e. pass line or don’t pass line bets) and feel like they’re on the same team as a result. Of course, craps has been around much longer than even casinos. Historians suggest that people have been playing craps since the Crusades and Ancient Roman times. But which civilization deserves credit for the game’s modern version? Did the…

Teams Runline Moneyline Total Padres +1.5 (-150) +135 Over 9 (-120) Dodgers -1.5 (+130) -145 Under 9 (+100) The Los Angeles Dodgers may finally have some competition in the National League West. LA has won this division in each of the last seven years, but Dave Roberts’ crew is currently sitting in just third place nearly one-third of the way into the 2020 season. The Dodgers have dropped each of the first two games of their current series against the San Diego Padres, who are one of the league’s brightest young teams. Both San Diego and Los Angeles enter play…

Online gaming is generally considered anything that deals with internet casinos. However, it can also extend to anything else online that involves a gamble. Social casinos and loot boxes fall into this category. They both require you to gamble in an effort to win something of value—even if it’s not directly worth money. Assuming you’re looking to bet on something outside of the casino, then you may be interested in knowing more about loot boxes and social casinos. This guide discusses more on these types of gaming and compares them as well. What Is a Loot Box? Certain video games…

Iowa is raking in the cash thanks to a rather large increase in the amount of sports betting revenue it took in during the month of July. The state was able to cash in on $2.2 million dollars’ worth of revenue, which is up from $620,740 in June. Considering how cash strapped many of the states are right now, this significant increase in revenue was welcomed with open arms. It’s also a very clear sign that Iowa’s sports betting market is starting to rebound and return to a healthy level. July Was a Big Month for Sports Betting With an…

 August 12, 2020 Well, it took just over two months, but Washington D.C. sports betting had just north of $1 million wagered. That’s only $237,000 in revenue for the District. Officially launched on the 30th of May (and calculated through August 3rd) those numbers are well short of states like Colorado, which launched sports betting in May, which saw over $25 million wagered in May with another $38 million in June. Of course, Colorado has 5 million more residents than the D.C. does. How much the effects of the pandemic may have played a role should not be overlooked. When…

Leoncavello won the last for our tipster at Haydock yesterday. Today his racing tips head to Kempton, while there’s also meetings at Beverley, Wolverhampton and Gowran Park. Racing Tips – 12th August –  Kempton Racing Tips 15:20 – May Sonic – 85/40 >> Previous big player on this course with a win here last year, and looked in lightning quick form at Windsor last month. 16:20 – Libretti – 11/2 >> Looks a real livewire of late after back-to-back wins at Lingfield and Yarmouth. This looks a step up, but the hat-trick could be on the cards. 17:25 – Sunshineandbubbles –…

The machines awarded four life-changing jackpots in U.S. and Canda On July 22, a Megabucks slots player won $3,854,682 at the Seminole Hard Rock Hotel & Casino Hollywood in Hollywood, Fla. United States | 08/12/2020 A Wheel of Fortune Slots player won $2,801,125 in Mississippi; an online Powerbucks slots player won CA$1,302,836 playing Wheel of Fortune Exotic Far East in Canada; a Megabucks slots player won $3,854,682 in Florida; and a Megabucks slots player won $3,002,952 at a casino in the western U.S. I nternational Game Technology (IGT) announced Tuesday that its Wheel of Fortune Slots, Powerbucks Slots, and Megabucks…

C aesars Entertainment today announces the formal launch of the “Caesars For Danville” referendum campaign and committee, marking another step forward in the development of Caesars Virginia, a proposed $400 million premier resort and casino to open in 2023. According to the company, “Danville voters will have the opportunity to vote yes and bring 900 construction jobs, 1,300 operational jobs and over $34 million annually in additional gaming tax revenue to the city.” The resort will include at least 300 hotel rooms, full-service spa, pool, world-class casino gaming floor, a 2,500-seat state-of-the-art live entertainment theater, 35,000 square feet of meeting and…

I n an official statement, the Puerto Rico Government Gaming Commission announced that “Pursuant to the Uniform Administrative Procedures Act of the Government of Puerto Rico and the Government of Puerto Rico Gaming Commission Act, we hereby manifest our intention to adopt the Puerto Rico Sports Betting on E-Sport and Fantasy Contest Regulations to implement sections 2.2. and 2.3 of Act 81-2019 relative to the regulation and oversight of all matters related to licensing for betting on sports event, electronic sports leagues, such as e-sports and fantasy contests.” As part of the process, the document was published on the government…