Author: OnlineGamblingDaily

B2B and B2C gaming technology company Golden Matrix has posted a net loss of $444,000 in the first fiscal quarter of the year, ended January 31, despite revenue increasing 21.4% to a record $10.8 million. In the comparable three-month period the prior year, the business had posted net income of $349,379. The Las Vegas-based firm also delivered Adjusted EBITDA slightly up to $889,605 in Q1, while cash and cash equivalents amounted to $15.4 million as of January 31. The white label platform provider saw the issuance of $961,000 in stock-based compensation during the three-month period, which pushed the business into…

Interblock announced it will present its table games products in Booth #1127 at the 2023 Indian Gaming Tradeshow & Convention (IGA), March 29-30, California. Recognized as the largest gathering of tribal leaders and casino executives in the country, IGA provides gaming companies and professionals a stage to showcase their latest products at the San Diego Convention Center in San Diego, California.   John Connelly, Global CEO of Interblock, said: “The Indian Gaming Tradeshow provides our team the opportunity to meet with some of the most impactful operators in North America and collect feedback in real-time, which is vital for our…

iGaming content provider Play’n GO has taken its content live with Dutch online casino operator Casino 777.nl. Under the terms of the new deal, Dutch players will gain access to the supplier’s games, including Book of Dead, Rich Wilde and the Tome of Madness, and Reactoonz. Jean-Christophe Choffray, Head of Gaming at Casino777.nl, said: “Above all else, we are committed to bringing our players the ultimate casino experience, delivering on quality games, best UX practices, and product diversity as much as possible.” “This partnership with Play’n GO showcases our dedication to giving our players the finest and most on-trend titles on the…

Betr, the sports betting company co-founder by Simplebet founder Joey Levy and influencer Jake Paul, announced Wednesday an expansion beyond microbetting with the launch of core markets allowing for pre-match and in-play betting for a team to win and by how much, and over/under on total points. The rollout of core markets will begin just in time for March Madness with a 0% margin on pre-match core markets for all NCAA tournament games, providing bettors “with industry-best payouts for their bets on Betr.” Joey Levy, Founder and CEO of Betr, said of the expansion: “We deliberately launched with only microbetting…

Vigen Badalyan, Co-Founder of BetConstruct, was given the Outstanding Contribution to Gaming Award at SiGMA Eurasia. The event was held March 13 – 16 at the at the InterContinental Dubai Festival City. “As one of the most reputable awards, the trophy pays another tribute to Vigen Badalyan’s dedication to innovation and excellence, as well as exceptional contributions to shaping the future of the gaming industry as a whole,” the company said in a statement.  “As an industry pioneer, Vigen Badalyan was the first to introduce tokenization to the gaming industry, and his visionary leadership continues to drive a new wave of…

Since mobile sports wagering became legal in Arkansas last March, there has been an influx of money into the state. According to the Arkansas Department of Finance and Administration (DF&A), the launch of sports betting has resulted in nearly $3 million in tax revenue, much of which was generated through mobile devices. Last year, the state reached $186 million dollars in sports wagers, of which $122 million was through mobile apps. But the market’s future looks even brighter, with potential big revenue on the horizon. The First Four and the first round of the NCAA Tournament are beginning this week,…

 March 15, 2023 Estimates from the American Gaming Association are that over $15 billion will be bet on March Madness this year, and that from nearly 70 million gamblers across the country. The growth of bets on the NCAA tournaments has been driven by a resurgence of bracket contests as well as Americans taking advantage of the expansion of legal online wagering. Three-fourths of online bettors say this will be the first time they bet on March Madness online. While 18 million more American adults plan to wager on March Madness compared to last month’s Super Bowl, Americans are expected…

According to the latest report from the Indiana Gaming Commission (IGC), released on Friday, Hard Rock Casino Northern Indiana was the state’s highest-earning casino for the 17th month in a row. The property saw a 9% increase in casino win for February to $34.4 million when compared to the same month last year. It also accounted for 17% of the total revenue of $204.9 million in Indiana for the second month of the year.Matt Schuffert, President of Hard Rock Casino Northern Indiana, attributed the year-over-year success of Hard Rock and other Region casinos to the mild February weather. “February was another solid month…

Rush Street Gaming and Rivers Casino have announced a partnership with the cruise line MSC Cruises, which grants Rush Reward Members at all Rivers Casino locations an annual cruise benefit that applies to most of the company’s sailings worldwide.  MSC Cruises is described in a press release as the world’s third-largest and fastest-growing cruise brand, as well as a market leader in Europe, South America, the Gulf region and Southern Africa. The company is also expanding quickly in the Caribbean, North America and the Far East markets.  The tier status of each Rivers Casino Rush Rewards Member determines the level…

Online gaming giant Kindred called 2022 “a challenging year for group profitability” in its Annual and Sustainability report for the 2022 financial year. The report, which provides insight into the group’s long-term strategy, as well as figures within Kindred’s sustainability strategy, shows revenue for 2022 amounted to GBP 1 billion ($1.2 billion), a decrease of 15% from the prior year. Challenges in several markets resulted in year-on-year decreases in both underlying EBITDA, down by 61% to GBP 129.2 million ($155.8 million); and earnings per share, down by 59% to GBP 0.54 ($0.65). Gross winnings revenue from the B2C business decreased by 17%. Despite…

Many people are wondering when New York online gambling and poker will become a reality. And while neither will happen anytime soon, the wheels are now in motion! New legislation is circulating to make New York online poker and casino games a reality! And if you love what they did with mobile sports betting, you won’t be disappointed with their online casino efforts! Top of the morning to all my gambling friends out there! Time to stream another edition of This Week in Gambling! And just in time for St Patrick’s Day, we’ve got online gambling news out of New…

Casino loyalty and technology provider Acres Manufacturing Company has announced the launch of TIBO (Ticket-In Bonus-Out), a new ticket-based bonusing solution enabled by Acres’ proprietary Foundation technology. The slot ticketing solution dispenses cashable tickets and bonuses directly to players via the slot machine’s ticket dispenser. Acres will demonstrate TIBO at the upcoming Indian Gaming Tradeshow & Convention, to be held March 27-30 in San Diego, California. TIBO deployments are expected to begin in the third quarter of 2023. Acres calls TIBO “one of the first true evolutions” of Ticket-In Ticket-Out (TITO) technology, a solution that changed the industry when it…

iGaming solutions provider Uplatform had its Sales Manager, Rakhi, represent the company at the fourth edition of the Strategic Platform for iGaming Conference & Exhibition (SPiCE India) as a delegate.  The event was held at the Goa Marriott Resort & Spa March 1-3, 2023 and brought together iGaming industry stakeholders from the Indian subcontinent and beyond. Rakhi attended the SPiCE India expo as a delegate. As noted by the company, she was “thrilled to see the tremendous interest in their platform’s capabilities and the positive impact it could have on the Indian iGaming industry.” The expo provided her the opportunity to…

Gaming provider Zitro is expanding its reach in North America with a new distribution agreement with KGM, a supplier of casino gaming equipment and systems in the United States. Under the agreement, KGM will act as Zitro’s exclusive distributor in New York, Connecticut, and the Ohio racino market. Derik Mooberry, CEO of Zitro USA, said: “KGM has a long-standing commercial relationship in these key markets, and we look forward to leveraging their market experience and existing sales and service networks.” “We are proud to partner with KGM, a company that shares our commitment to providing high-quality, innovative gaming products to customers.…

 March 13, 2023 Late last month, we reported on several violations of Massachusetts sports betting regulations from three operators in the state. One of those violations came when Encore Boston Harbor allowed bets to be placed on games for Boston College women’s basketball. Now, they’ve done it again. Encore admitted to their mistake when it happened before, blaming it on a technical glitch from a vendor’s platform. In an attempt to prevent the mistake from happening again, the casino stated that they had implemented additional measures. Obviously, those measures were not successful. So what happened? Well, according to the Encore,…

Inspired Entertainment announced Monday the launch of its first minesweeper game, Lucky Fish Finder, now available online and on mobile. Played on a 5×5 grid, it is the first among Inspired’s upcoming Finder series. Players start by placing their bets and selecting their preferred level of volatility, represented as the number of boots on the grid. They can choose to have between one to ten boots on the grid. The more boots are chosen, the bigger the cash prize and the higher the risk.  “Pressing ‘play’ kick-starts the underwater world of fishing fun, packed with huge potential wins,” the company…