Land-based gaming and entertainment company Great Canadian Entertainment is set to launch sports betting at its venues, thanks to a new deal with Kambi.
As part of the deal, Kambi will provide its retail sportsbook product to ten of Great Canadian Entertainment’s Ontario-based casinos.
This includes Kambi’s sportsbook solution, as well as betting kiosks.
Read the full story on iGB North America
Gibraltar is set to implement a new, tiered system for gambling licence fees, meaning that larger operators will pay more and smaller ones less, as part of a package of reforms for the point-of-supply market.
The British Overseas Territory launched a consultation on new licence fees, following its earlier proposal for a new Gambling Act.
Previously, operators of remote betting, remote gaming, other remote products, land-based gaming and retail betting each had to pay a £100,000 licence fee every year. B2B suppliers, meanwhile, were required to pay an £85,000 annual fee.
However, in its consultation, the government said that “licensing fees for startup operators and small operators who are building for growth can be a disproportionate cost in the early stages of the life cycle of the business”.
As a result, it opted for a new, tiered system for remote betting and gaming licences, based on annual gross gambling yield (GGY).
As operators need to apply for a separate licence for each..
Player spending on sports betting in Mississippi fell 21.4% year-on-year during September, though revenue in the US state remained level.
Wagering handle for the month amounted to $43.1m (£38.3m/€44.0m), down from $54.8m in September 2021, but more than double the $21.2m spent by consumers in August of this year.
However, despite the decline in spending, revenue was level year-on-year at $8.8m, with this figure also 225.9% higher than $2.7m in August.
Coastal casinos remained the most popular venues to place bets on sports in Mississippi, with players wagering a total of $28.1m and the casinos turning a revenue of $5.5m.
Handle for central casinos was $8.2m, with revenue at $1.8m, while spending at northern casinos totalled $6.9m and revenue $1.6m.
Football overtook baseball to become the sport of choice among players, with $16.5m bet at coastal casinos, $3.1m at central casinos and $4.4m at northern casinos.
Win percentage for the month was 20.4%, an increase from 16.1% in Septe..
This infographic highlights interesting results and recent trends from the Gambling Commission’s quarterly telephone survey on gambling participation. The Problem Gambling Severity Index (PGSI) mini-screen is conducted as part of the survey and the results provide insight into the risks to gamblers in Great Britain.
Gambling revenue in Pennsylvania increased by 7.9% year-on-year in September following a 77.7% jump in sports betting revenue.
Total gambling revenue for the month amounted to $448.5m (£399.5m/€459.1m), which was ahead of $415.7m in September 2021 and also 5.4% higher than $425.4m in August of this year.
Retail slots remained by far the main source of revenue for operators in Pennsylvania during September, though revenue from this area of the market fell 0.2% to $198.5m. Retail table games revenue was also down 2.9% to $81.6m.
However, these declines were more than offset by growth in almost all other sections of the state’s market, including sports betting where revenue rocketed from $28.3m in 2021 to $50.2m this year.
Of this total, $43.0m came from online wagering, with the remaining $7.3m generated at retail sportsbooks. Sports betting handle was also up 11.5% year-on-year to $645.2m.
Valley Forge Casino Resort and FanDuel moved into first place in the sports betting market in..
Africa-focused online bookmaker SunBet has entered into a partnership with betting and gaming platform provider Sportingtech as it intends to expand into three new territories on the continent.
Under the deal, SunBet, which is owned by South Africa-based casino and resort giant Sun International, will have access to Sportingtech’s Quantum platform.
Quantum covers more than 65 sports, 9,000 games and over 1,000 betting markets, with SunBet to roll out the platform in its existing markets and new regions across Africa.
SunBet did not disclose the countries into which it intends to expand but did say it has highlighted “three well-established territories” as target markets.
“This collaboration will benefit us massively as we continue to expand,” SunBet’s general manager Simon Gregory said. “Bringing both in-depth expertise and high-quality product offering, Sportingtech is the ideal partner for us in this venture and look forward to growing these African markets together.”
Sportingte..
Gambling revenue in New Jersey increased for the second consecutive month in September, while the US state also reported year-on-year growth across almost all markets.
Total gaming revenue for the month amounted to $485.0m (£430.0m/€493.0m), up 3.0% from $470.7m posted in August and also 6.9% ahead of the $453.6m recorded in September 2021.
Land-based gambling revenue edged up 1.3% year-on-year to $251.7m, with slots revenue up 2.5% to $186.5m, though table games revenue slipped 1.9% to $65.3m.
Online casino revenue also increased by 10.3% from $122.6m to $135.2m, driven by a 10.7% rise in online slots revenue to $133.0m. In contrast, peer-to-peer internet poker revenue was down 8.7% to $2.3m, making it one of only two markets areas – alongside land-based table games – to decline year-on-year.
The Borgata led the way in igaming, posting $41.1m in revenue for September. Resorts Digital was second on $34.19m, marginally ahead of Golden Nugget with $34.18m.
Turning to sports betting ..
Safer gambling week special: Online gambling has got much of the attention, but preventing harm in retail betting can be a difficult problem where technological solutions can be harder to implement. iGB looks at what safer gambling tools are available at betting shops.
To the average person in the UK, the most notable sign every year that it’s Safer Gambling Week would be from betting shops.
The industry’s initiatives during the week are wide-reaching, across both physical and online spaces.
But betting shops, despite a decline in numbers in recent years, are still on almost every high street in the country. And almost every one is plastered with signs encouraging people to think more about their gambling activity.
But inside those retail betting shops, what can be done to protect customers?
As pressure from the media and government around harmful gambling grows, the industry has attempted to show that it can deal with potential harm without needing strict interventions that could..
Revenue from the three commercial casinos in Detroit, Michigan declined month-on-month and year-on-year in September.
Total revenue for the month amounted to $103.4m (£92.1m/€106.2m), which was 2.5% lower than $106.1m in August this year and also 6.3% down from $110.4m in September of 2021.
Slots and table games accounted for $100.8m of revenue in September, down 5.7% from $106.9m in the same month last year and also 3.5% lower than $104.4m in August of this year.
The remaining $2.6m in revenue came from qualified adjusted gross receipts (QAGR) from retail sports betting at the casinos, a 24.9% decline on $3.5m in September 2021, but 56.3% higher than $1.7m in August.
It was also noted that sports betting handle for the month reached $18.5m, down 42.8% on last year but 69.1% up from $11.0m in August 2022.
The MGM casino remained the market leader with 48% share of the Detroit market, ahead of MotorCity on 31% and the Hollywood Casino at Greektown on 21%.
MGM’s revenue comprised $..
Last week, sports betting solutions provider Kambi and Penn Entertainment finalised the terms of their long-awaited migration deal, wherein Penn’s online and retail sportsbooks will migrate to its proprietary technology. Marese O’Hagan speaks to Kambi CEO Kristian Nylén about the future of the deal and the rise of vertical integration.
In August 2021, Penn Entertainment – then known as Penn National Gaming – announced that it would acquire Canadian sportsbook theScore for $2.0bn (£2.79bn/€2.05bn). The plan was to migrate Penn’s betting products onto a platform created by theScore, which did not yet exist at the time of the deal.
Having worked with Penn since 2019, this deal came as a disappointment to Kambi. From Kambi’s perspective, it was losing a vital client to a platform that had not yet been created. And it certainly didn’t help that the announcement came on the back of the migration of another high-profile client in DraftKings.
The finalisation of Kambi and Penn’s migration a..
