Online sports betting Archives - Page 31 of 36

Spanish GGR dips despite 25.8% growth in stakes in 2021

Spanish gross online gaming revenue came to €815m in 2021, down 4.2% from 2020, but stakes grew by more than 25%, suggesting the decline may be more linked to trading than the country’s marketing rules.

According to figures from regulator the Dirección General de Ordenación del Juego (DGOJ), this came despite the fact that players deposited €2.77bn during the year, which was 216% more than in 2020, while turnover rose by 25.8% to €27.17bn.

For the first time, casino was the largest driver of online GGR, bringing in €407.1m in 2021, up 16.0%. Online casino revenue has grown year-on-year in every year in which DGOJ has recorded data.

Breaking this online casino revenue down further, slots brought in €241.4m, up 23.0%, while live roulette revenue grew 18.6% to €120.6m. Blackjack revenue was €23.2m, down 5.7%, while for RNG roulette this figure dipped by 27.2% to €22.0m.

Revenue from betting, which was previously the leading vertical, was down 16.2% to €305.9m, the lowest figure since ..

March 30, 2022

Pinnacle’s B2B division secures new Malta licence

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Pinnacle Solution, the B2B arm of sportsbook operator Pinnacle, has secured a licence from the Malta Gaming Authority (MGA).

The new licence will enable Pinnacle Solution to provide its services to sportsbook partners within the MGA’s jurisdiction.

Pinnacle said the permit would support its growth plans, with the business seeking new partnerships in a number of new territories, with particular focus on Europe and Latin America.

Pinnacle Solution currently services more than 50 sports wagering operators in markets around the world.

“We’ve made great efforts to ensure our trading practices and technology stack can be scaled quickly, openly, and transparently in order to give our sportsbook partners a first-class service that delivers the enhanced hold and revenue performance they’re after,” Pinnacle chief executive Paris Smith said.

“Obtaining the MGA licence is proof that our expert teams have developed products that meet the market’s demands and high standards, and we’re now looki..

March 28, 2022

Unibet prepares for Ontario launch after securing igaming licence

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Kindred's Unibet brand has detailed its plans to launch in Ontario, having received a licence to do so.

This marks Unibet’s seventh licence in North America.

Kindred will launch its online gaming and sports betting products through Unibet under Ontario’s open regulatory model.

Ontario’s online gaming market will launch on 4 April and will be overseen by iGaming Ontario, a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).

“This is an exciting day and a significant milestone for both Kindred and Unibet,” says Amanda Brewer, country manager Canada, Kindred Group. “We are proud to have received permission to launch in Ontario on the first day the market opens and look forward to building long-term relationships with our customers and partners.”

Several other operators secured licences ahead of the market launch, including Bet365, Flutter-owned FanDuel and PointsBet.

“Ontario is full of sports teams and passionate fans, which is no surprise given the history and ..

March 25, 2022

KSA chair: Dutch online market may be smaller than expected

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René Jansen, chair of Dutch regulator de Kansspelautoriteit (KSA), said that early data suggests the country’s online gambling market may be smaller than initially expected in terms of player numbers.

Jansen (pictured) commented on the regulator’s annual report for 2021, which was released last week and included data about player numbers, advertising and unlicensed play. In this report, the KSA noted that 634,000 online gaming accounts had been created between the vertical launching in October 2021 and the start of March.

Jansen noted that when multi-account play is considered, it suggested that the number of players may be lower than expected.

“Please note: this does not mean that there are so many players (on legal sites) in the Netherlands,” Jansen said. “An unknown number of players have an account with several providers. So there are (probably considerably) fewer than 634,000.

“This is an important insight, because earlier estimates have been made of approximately 1 million D..

March 25, 2022

Connecticut sports betting and igaming revenue both decline in February

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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.
..

March 24, 2022

BetMGM and PointsBet cleared to launch in Ontario

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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 21, 2022

Louisiana online betting draws $211m in wagers in first full month

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Players in Louisiana staked $211.0m (£160.4m/€190.7m) during the first full month of legal online sports betting in the US state.

Louisiana opened its regulated market on January 28 following the launch of retail sports wagering in October of last year.

Penn National Gaming and its Barstool Sportsbook, Caesars, DraftKings, Rush Street Interactive and its BetRivers Sportsbook, and Flutter Entertainment-owned FanDuel Group in partnership with Boyd Gaming all went live with online sports betting on opening day.

A total of $40.5m was wagered by consumers during the first four days of regulated online betting in the state in January.

Revenue from the first full month of online sports wagering amounted to $16.7m, though this included $11.7m in revenue from promotional wagers. Excluding these offers, revenue was $2.7m.

Football betting was the main source of revenue for online operators, generating $9.8m, ahead of basketball on $5.1m and parlay betting at $4.4m.

Looking at retail bettin..

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..

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