Online casino Archives - Page 11 of 13

Connecticut sports betting and igaming revenue both decline in February

Gross gaming revenue from online casino in Connecticut came to $17.2m, down 8.5% from January, while sports betting revenue hit its lowest total for a full month since launching.

Gross gaming revenue is calculated after promotions are deducted. Before these deductions, revenue was $21.6m, down 3.6%.

The Mashantucket Pequot Tribal Nation – which operates Foxwoods Casino and partnered with DraftKings for online betting and gaming – continued to lead the way in gross online casino revenue, bringing in $13.7m. The tribe made a further $46,953 in revenue from mobile-on-reservation gaming, with its own Foxwoods-branded app.

Meanwhile, the Mohegan Tribe – which partnered with FanDuel – brought in $7.8m in gross revenue.

The combined online casino revenue came on $743.9m worth of stakes, with $493.6m staked with the Mashantucket Pequot Tribe and $249.5m with Mohegan.

In addition, players staked $17.2m worth of promotional credits with the Mashantucket Pequot Tribe and $1.0m with Mohegan.
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March 24, 2022

BetMGM and PointsBet cleared to launch in Ontario

Sports Betting News Bookiecity

iGaming Ontario, the subsidiary of Alcohol and Gaming Commission of Ontario (AGCO), has announced BetMGM and PointsBet as the latest operators to secure online gambling licences in the Canadian province.

BetMGM will operate through BetMGM.ca in Ontario, while PointsBet will be active via the PointsBet.ca website.

Each of the licences will run from the day the market opens through to 3 April 2024.

Ontario’s regulated online gambling market will officially launch on 4 April, with iGaming Ontario having been given the responsibility to oversee all igaming operations in the province.

In recent weeks, iGaming Ontario has issued licences to a host of operators in preparation for the market opening.

These include Bet365, Flutter Entertainment-owned FanDuel, Unibet and the Ontario Lottery and Gaming Corporation.

Other named licensees include LeoVegas, Rush Street Interactive, Rivalry, theScoreBet, 888, Coolbear and Fitzdares. Annexio Limited will operate as Lottogo while NSUS Limited wi..

March 23, 2022

Stoixman deal helps OPAP revenue grow to €1.54bn

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Greek operator OPAP recorded €1.53bn (£1.28bn/$1.69bn) in revenue in 2021, a 36.2% year-on-year increase, as the acquisition of the remainder of Stoiximan helped the business diversify its operations with greater focus on online betting and gaming.

Breaking down this revenue total by game type, lotteries were the largest contributor, bringing in €549.2m, which was 5.9% more than in 2020.

This was followed by retail betting, which brought in €283.0m, up 5.6%, as pandemic-related restrictions continued to have an impact.

“Our retail business demonstrated high resilience, with recovery ramping up, even though our stores had to suspend operations for several months and adjust to strict healthcare restrictions after reopening,” OPAP chief executive Jan Karas said. “Our comprehensive commercial plan and well-accepted loyalty programs played a key role to this end.”
Online betting, meanwhile, experienced a sharp increase in revenue, by nearly 500% to €238.4m. Similarly, revenue from online..

March 21, 2022

Delasport secures certification for Denmark launch

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Online gambling solutions provider Delasport has secured certification to launch its products in the regulated Danish market.

Issued by GLI, the new certification will allow Delasport to offer its online casino, player account management (PAM), and sports betting solutions.

“We are all happy to be entering the Danish market and demonstrating once again our commitment to our market’s availability strategy,” Delasport chief executive Oren Cohen Shwartz said.

“Delasport’s existing partners can now expand into the Danish market, and we are already on track to gain additional new partners in Denmark. Danish players and bettors will soon be able to enjoy a higher-level of betting experience powered by our market-ready casino and sports betting solutions.”

Delasport’s sportsbook offering includes betting coverage of over 125 sports, 70,000 pre-match and 40,000 monthly live events across 2,000 markets, as well as a functionality stack with bet-builder, cash-out and partial cash-out, person..

March 18, 2022

Snooker legend Ronnie O’Sullivan to appear at ICE London 2022

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Snooker legend Ronnie O’Sullivan will appear at ICE London 2022 as a brand ambassador for Delasport.

O’Sullivan – a six-time World Snooker Champion who holds the career record for both maximum and century breaks – will appear at the world’s largest gaming show at sports betting and igaming software supplier Delasport’s stand.

“I am delighted to confirm that Ronnie O’Sullivan, the greatest snooker player of all time, will be making his first appearance as Delasport Brand Ambassador at our stand S1-340 at ICE London,” Delasport CEO Oren Cohen Shwartz said.

Cohen Shwartz added that O’Sullivan and Delasport share a number of values.

“Ronnie is a terrific personality and a snooker genius,” he said. “He is widely recognised as one of the most accomplished players in the history of the game.

“Established 11 years ago, Delasport has earned an industry reputation as a premium Sports Betting supplier, and so our collaboration with Ronnie is a natural choice for us as we share similar valu..

March 18, 2022

Pennsylvania betting operators record negative GGR in February

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Gambling revenue in Pennsylvania increased 24.4% year-on-year to $375.7m in February, despite the state reporting a loss for its regulated sports betting market.

The overall figure for February was up from $302.0m in the same month last year but was 4.4% lower than $393.1m posted in January of this year.

Figures published by the Pennsylvania Gambling Control Board (PGCB) showed year-on-year growth in almost all areas of the market, with the exception of sports betting where revenue plummeted from $16.4m in February 2021 to a loss of $442,847.

This was the first month in the history of the regulated Pennsylvania market in which operators made a loss.

Retail revenue reached $1.0m but online revenue came in at a loss of $1.5m. Players staked a total of $597.1m on sports during the month, an increase of 17.2% on last year.

Valley Forge, with its partner FanDuel, was the most successful sports betting operation in February, posting $1.6m in revenue. Hollywood Casino at Penn National’s ..

March 17, 2022

Bet365 and FanDuel among latest Ontario licensees

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iGaming Ontario, the subsidiary of Alcohol and Gaming Commission of Ontario (AGCO), has issued a number of new licences ahead of the Canadian province launching its regulated online gambling market next month.

Hillside, operating as Bet365, secured a licence in Ontario, along with Flutter Entertainment-owned FanDuel and Unibet.

Other recent named licensees include Annexio Limited, which will operate as Lotogo, Coolbear, Fitzdares and NSUS Limited, operating under the WSOP brand.

In recent weeks, LeoVegas, Rush Street Interactive, Rivalry, theScoreBet and 888 have also secured approval to launch in Ontario.

Licences were issued by iGaming Ontario, which will oversee the province’s market when it formally launches on 4 April.

Each of the licences will run from the day the market opens, through to 3 April 2024.

Earlier this week, new guidance from the AGCO warned operators in the process of securing a licence to cease activities when the province’s igaming market opens next month.

March 16, 2022

Betsson to reshuffle board with three new appointments

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Betsson’s nomination committee has proposed Eva de Falck, Louise Nylén and Tristan Sjöberg as new board members.

In addition, the committee proposed Johan Lundburg as chairman, as previously announced, as well as the re-election of Eva Leach, Peter Hamberg and chief executive Pontus Lindwall to the board.

Tristan Sjöberg had previously served on Betsson’s board for six months in 2018. However, he stepped down at the time because he was “in a legal dispute with Swedish tax authorities regarding tax liability”.

Tristan Sjöberg

He is vice chairman of the TCSJohnHuxley Group and co-owner of Knutsson Holdings. He is considered an “active owner” of Betsson, as Knutsson is the operator’s fourth-largest shareholder, and so he will represent these interests on the board.

Eva de Falck

Eva de Falck and Louise Nylén were both proposed as independent directors. De Falck is a senior consultant, advisor and board member of Skandiabanken, and has also served as general counsel and a member of..

March 15, 2022

LeoVegas closes in on Ontario igaming approval

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LeoVegas Group has become the latest online gambling operator to secure approval from the Alcohol and Gaming Commission of Ontario (AGCO) to launch in the Canadian province’s regulated market.

The AGCO notified LeoVegas that while it had not yet received a licence, it had been registered as an igaming operator, which all but cleared the way for it to launch in the province.

LeoVegas will now be required to enter into an operating agreement with iGaming Ontario, the subsidiary of AGCO that will oversee the market, in order to launch when the market opens on April 4.

Should LeoVegas secure final approval as expected, it will offer online casino, live casino and betting under its LeoVegas and Royal Panda brands.

LeoVegas said that launching in Ontario would be in line with its strategy to grow in locally regulated markets and soon-to-be regulated markets, with plans also in place to go live in the US later this year, beginning with New Jersey.

“Over recent years, the LeoVegas brand h..

March 11, 2022

Inspired revenue grows in Q4 but business swings to loss

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Inspired brought in $67.0m (£51.2m/€61.0m) in revenue in Q4 of 2021 as all business segments experienced growth of more than 25%, but the supplier swung to a loss after a VAT rebate helped its 2020 bottom line.

This revenue figure was up 70.9% from 2020’s ordinary revenue from operations, but was down by 6.6% if the VAT rebate during the comparable period is included.

The gaming segment – made up of land-based slot machines – was the largest contributor to revenue, bringing in $26.8m, up 49.3%.

However, its leisure segment experienced the most rapid growth, with revenue up 183.4% to $23.5m.

Virtual sports revenue, meanwhile, was up 26.1% to $11.0m, while interactive gaming revenue grew by 35.8% to $5.7m.

During Q4 of 2020, the gaming division of the business also received a one-off $32.5m value-added tax (VAT) rebate after a court ruling determined that operators did not have to pay VAT on top of gaming taxes for machines, though this was not counted as revenue for that quarter. I..

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