August 1, 2022

August 1, 2022

BetRivers launches retail sportsbook in Maryland

Rush Street Interactive (RSI) has partnered with Bingo World to launch the BetRivers retail sportsbook in Maryland today.

The 3,000 square foot sportsbook features 12 self-service kiosks and three over-the-counter machines.

The sportsbook is set to open at 12:00 EST today (1 August), in a ceremony that will feature Qadry Ismail, former player for the Baltimore Ravens, BetRivers B2B services director Adam Glass and Maryland state Senator Pamela Beidle among others.

Read the full story on iGB North America.

August 1, 2022

Rhode Island betting handle surpasses $500m in 2021-22

Consumers in Rhode Island spent more than $500m on sports betting during the 2021-22 financial year, while the US state’s betting revenue amounted to $39.7m.

Total handle for the 12 months through to the end of June 2022 was $517.2m, an increase of 46.5% from $353.0m in the previous financial year, according to figures published by the Rhode Island Lottery.

Some $290.5m was wagered via mobile during the year, while players also spent $226.8m at retail sportsbooks, split $164.9m across the Twin River casino and $61.9m at the Tiverton Casino.

Combined online and retail revenue for the year was up 9.7% from $36.2m in 2020-21 to $39.7m.

Online betting accounted for $122.1m of total revenue for the financial year, with $17.7m coming from retail. Twin River was responsible for $11.7m of all retail revenue and the Tiverton Casino $6.0m.

Meanwhile, the Rhode Island Lottery also published figures for the final month of the year, with handle for June climbing 29.1% year-on-year to $34.2m. H..

August 1, 2022

Holding back the tide

René Jansen, chair of Dutch regulator de Kansspelautoriteit (KSA), speaks to Daniel O’Boyle about the challenges involved in fighting on two fronts since the country launched its regulated online gambling market. On one hand he’s keeping the unlicensed market at bay, on the other he’s working to ensure the licensed sector moderates its advertising

After eight years of anticipation, it could have been difficult for the launch of the Netherlands’ online gambling market to fulfil expectations.

For Jansen, chair of regulator de Kansspelautoriteit (KSA), the launch did indeed live up to what he anticipated.

“It’s been a success in several aspects,” he says.

But going as expected is only a good thing if the predictions are optimistic. And it’s hard to miss the fact that one aspect of the market launch went exactly as Jansen predicted, in exactly the wrong way.

Advertising turmoil

In May 2021, the KSA chair warned of an advertising “bombardment” when the legal market opened.

Looking at..

August 1, 2022

AGTech secures further terminal tenders in China

Beijing AGTech GOT Technology, the Chinese arm of lottery solutions platform AGTech Holdings, has secured a series of tenders to provide more sports lottery terminals across the country.

AGTech GOT will supply terminals in the Guangxi Zhuang Autonomous Region and Mongolia Autonomous Region of the People’s Republic of China, as well as in the Yunnan, Sichuan, Jiangsu, Hainan and Hubei provinces.

The latest tender wins expand AGTech GOT’s presence in the Chinese sports lottery terminal market, with the business having in place a wide range of similar deals.

These included agreements signed in January this year to supply technology and services in the Gansu, Zhejiang, Henan, Hebei and Jiangsu provinces, as well as the Shanghai and Tianjin municipalities.

“AGTech GOT has won many tenders in various provinces, municipalities and autonomous regions across China, which reaffirmed the hardware division’s continued dedication to and leading position in China’s sports lottery terminal marke..

August 1, 2022

Tab NZ misses June revenue and turnover budgets

New Zealand’s Tab NZ fell short of both revenue and turnover budgets in June as a result of ongoing “softening economic conditions” in the country as consumers continued to adjust to the rising cost of living.

Wagering turnover for the month reached NZ$197.3m (£102.0m/€121.5m/US$124.2m), which was 3.9% or $8.1m below budget.

Net profit amounted to $11.0m, some $1.7m below a budget of $12.7m, with betting profit $1.5m under budget at $9.3m and gaming profit also $200,000 off budget at $1.7m.

However, Tab NZ did note that operating expenses for the month were $200,000 below an initial budget of $10.0m, amounting to $9.6m, while code distributions and other payments were $100,000 above budget at $13.2m.

Analysing its monthly performance, Tab NZ said the primary reason for it missing budgets was due to consumers not spending as much as initially anticipated amid the rising cost of living in New Zealand.

Retail and hospitality was able to operate without capacity restrictions despite t..

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Daily Archives: August 1, 2022