Gaming – Page 13 – FairOdds Network

July 5, 2023

Soft2Bet to enter Romania with new licence

Online gambling operator Soft2Bet is to expand into Romania after securing a new licence in the country.

Issued by national regulator Oficiul National pentru Jocuri de Noroc (ONJN), the licence will cover online casino and sports betting.

Soft2Bet said the licence would support its ongoing expansion into regulated markets across Europe and worldwide.

The operator also recently secured approval in Greece, Ireland, Denmark and Sweden,

“We consider the Romanian market as one of the pivotal markets for establishing our foothold in Eastern Europe,” Soft2Bet’s general counsel, David Yatom said.

“Acquiring a local Romanian operating licence marks an important step in our strategic expansion, building upon Soft2Bet’s success in other European markets.

“Stay tuned for more exciting developments in the near future.”

July 5, 2023

Azartia Games secures Portuguese licences

Azartia Games, the company behind the Golden Park brand, has secured two new online gambling licences in Portugal.

The licences will enable Azartia Games to offer online sports betting and games of chance in the country. Azartia will operate via the Goldenpark.pt website.

Both licences were issued by national regulator Comissão de Jogos do Turismo de Portugal (SRIJ).

Azartia joins a host of other brands in securing approval to offer online gambling in Portugal. Other licensed operators include 888, Betway, Bwin, PokerStars and Betclic.

Another approved operator is Casino Solverde, which this week had its licence renewed.

Casino Solverde can continue to offer online sports betting to players in Portugal, as well as a range of casino games.

The casino games available at Casino Solverde include slots, blackjack and French roulette.

Market growth

The news comes after SRIJ last month announced growth in Portugal’s online betting and gaming market in Q1.

Gross gaming revenue (GGR)..

June 29, 2023

Nevada gambling revenue reaches $1.29bn in May

Gambling revenue in Nevada in May amounted to $1.29bn, a slight decline on the previous year but a month-on-month increase of 11.2%.

Revenue in the state was 0.8% lower than $1.30bn in May 2022 but ahead of the $1.16bn generated in April this year.

Slots remained by far the primary source of revenue for operators, drawing $877.9m worth of revenue, up 0.9% year-on-year. Multi-denomination slots accounted for $501.3m of this total, with penny slots generating $285.9m.

Revenue from table, counter and card games slipped 4.4% to $411.2m, with declines across almost all gambling types.

Read the full story on iGB North America

June 23, 2023

Wynnbet launches online casino and sports betting in WV

Wynn Resorts-owned Wynnbet has rolled out online casino and sports wagering in the state of West Virginia.

The joint platform went live yesterday (22 June). Consumers can access slots and casino games such as live dealer blackjack and roulette, video poker and keno.

The Wynnbet Sportsbook will also allow players in the state to place bets on a wide range of leagues and competitions.

In addition, the platform will be integrated with Wynn Rewards. This will enable players to collect points that can be exchanged for real-life experiences and benefits with Wynn Resorts.

Read the full story on iGB North America

June 21, 2023

PA gambling revenue continues to rise in May

Gambling revenue in Pennsylvania increased both month-on-month and year-on-year in May to reach a total of $479.4m.

Revenue was 7.1% ahead of $447.8m in May of 2022 and also 0.6% higher than $476.7m in April this year.

Land-based slots remained the primary source of revenue by some distance, generating a total of $210.9m during the month. This was 2.5% more than in the same month last year.

In contrast, retail games revenue declined 7.8% year-on-year to $81.6m.

Read the full story on iGB North America

June 21, 2023

Malta regulator cancels MKC Limited’s licence

The Malta Gaming Authority (MGA) has cancelled MKC Limited’s licence after ruling that it breached a number of regulations.

Malta-based MKC had been operating the Betworld247 sports betting and casino site under its B2C gaming service licence. However, the regulatory decision means that it is no longer authorised to offer online gambling via this licence.

Setting out its decision, the MGA said MKC breached regulations 9(1)(c), (d), (i), (l) and 10(1)(a) of the Gaming Compliance and Enforcement Regulations.

Specific breaches included not making required licensing payments to the MGA and failure to meet other financial commitments related to its operations.

The regulator also flagged how MKC failed to meet commitments to customers in a timely manner but did not go into further detail.

“One of the grounds for suspension envisaged in regulation 9 arises and the Authority, in its sole discretion, determines that cancellation of the authorisation is the most appropriate measure,” the MG..

June 20, 2023

NJ gambling revenue continues to rise in May despite land-based declines

Gambling revenue in New Jersey increased month-on-month and year-on-year during May despite the state’s land-based market experiencing further declines.

Total revenue for the month amounted to $470.9m, which was 9.4% ahead of $430.6m in May 2022 and 1.8% higher than $462.7m in April of this year.

Land-based gambling remained the primary source of revenue at $227.3m, but this was down 2.4% from $227.3m last year.

Within the retail sector, slots revenue slipped 0.8% to $172.9m, while table games revenue also fell 7.3% to $54.4m.

In terms of internet gambling, revenue increased by 18.7% year-on-year to $161.4m. Online slots revenue jumped 19.0% to $159.1m, while peer-to-peer poker also edged up 1.7% to $2.4m.

Read the full story on iGB North America

June 19, 2023

Sweden’s channelisation rate at “critically low” 77%

A report published by Sweden's Online Gaming Industry Association (BOS) has revealed that 77% of Sweden's online gaming market is channelised, a percentage the association called “critically low”.

Sweden’s channelisation goal – the percentage of licensed gaming offerings it wishes to have on the market – is currently set at 90%.

BOS commissioned Swedish survey organisation SKOP to analyse channelisation rates for online gaming in the country, looking at specific categories such as sports betting and online casino.

Gustaf Hoffstedt, secretary-general at BOS, emphasised the seriousness of the low channelisation rate.

“There is no doubt that the Swedish licensing system is in a serious situation,” said Hoffstedt. “Far too much power has been spent on the part of the state to force the licensed gambling companies to implement measures that have not been well received by gambling consumers.”

He added that reversing this development would require the regulator, Spelinspektione..

June 14, 2023

Gambling Related Harm APPG launches white paper inquiry

The Gambling Related Harm All-Party Parliamentary Group (APPG) has launched an inquiry into the British government’s Gambling Act white paper review.

Published in April, the long-awaited white paper covered a range of major topics regarding gambling and future regulation in Great Britain.

The APPG-led inquiry, which launched today (14 June), will assess all proposed measures put forward in the white paper. The inquiry will also seek to hold the government to account and ensure reforms are taken forward quickly.

In addition, the inquiry will ensure where commitments have been made to legislate “when parliamentary time allows”, these are pursued as a priority. These include handing greater powers to the Gambling Commission to support enforcement.

Evidence deadline

The APPG will hold a series of oral evidence sessions as part of the inquiry and also accept evidence or submissions from interested parties. Any feedback must be submitted by 11 July.

The inquiry will seek opinion on opt..

June 8, 2023

GB online gross gambling yield reaches £1.30bn in Q4

Online gross gambling yield (GGY) in Great Britain increased 5% year-on-year in the fourth quarter to £1.30bn (€1.51bn/$1.62bn), while GGY for the land-based sector also improved.

The latest gambling behaviour report released by the Gambling Commission covered activity in January, February and March 2023, a period that included the Cheltenham Festival horse racing event.

The Commission said the increase in online GGY was primarily driven by growth in real event betting and slots. The regulator also noted a rise in the total number of bets and spins, as well as average monthly active accounts.

Online real event betting was up almost 13% to £555m, with the number of bets 19% higher and average monthly active accounts 9% up year-on-year. The Commission put this down to the popularity of the Cheltenham Festival and player retention from the 2022 Fifa World Cup late last year.

Meanwhile, online slots GGY edged up 2% to £525m, helped by a 9% rise in the number of spins to 19.5 billion an..

June 7, 2023

Adam Greenblatt outlines BetMGM’s path to profitability

The US sports betting and igaming market is maturing and at BetMGM Adam Greenblatt believes product is the battleground where the leaders will be decided for the market’s next phase.

Adam Greenblatt has led BetMGM, the joint venture between Entain and MGM Resorts since its formation in 2018. It is on track to achieve profitability in the second half of the year.

BetMGM is live in 20 states, as well as Washington DC and Puerto Rico and Ontario in Canada. Since 2018, it could be seen as the only business to consistently keep pace with DraftKings and FanDuel.

It didn’t have the database of the legacy daily fantasy giants. But thanks to the MGM Resorts connection (and without M&A along the way), it’s established as a top tier brand in the US.

Other brands with designs on a top tier position such as Caesars, Bally’s, Penn National and 888, have undergone significant change. They’ve acquired to grow, onboarded new tech or sought out new partners.

This may help each business close the..

May 31, 2023

FL highlights “solid” Betclic growth in stable Q1

FL Entertainment highlighted the “solid” 16% revenue growth of its gaming subsidiary Betclic in a stable Q1.

Overall FL’s online sports betting and gaming revenue rose to €244m in Q1, up 14.5% from the previous year.

Chief executive François Riahi said the business’ betting and gaming divisions continued to “perform well” during the quarter. He added that the business was carried by the positive impacts of the 2022 Fifa World Cup “which resulted in double-digit revenue growth across all activities”, he said.

the business said it was “carried” by the positive impact of the world cup

The company also pointed to the high level of new active players, which increased 55% year-on-year. FL said that this resulted from the football tournament, as well as “successful cross selling strategies” across the business’ other products.

FL Q1 segment growth

All of the verticals experienced growth during the period. The company’s sportsbook revenue rose 11.3% to €194.8. Casino increased 31.6% to ..

December 2024
Mon	Tue	Wed	Thu	Fri	Sat	Sun
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30	31

Tag: Gaming