Daily Archives: October 18, 2022

SunBet eyes African expansion with Sportingtech partnership

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..

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New Jersey gambling revenue continues upward trend in September

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 ..

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How is safer gambling promoted at retail betting shops?

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..

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FuboTV to immediately shut down sportsbook

Streaming provider FuboTV has announced it is to close its Fubo Gaming subsidiary and cease operations of its owned-and-operated Fubo Sportsbook with immediate effect.

The decision was made following a strategic review of the business, which was launched in August after FuboTV said it could not operate its sports betting division alone in the current economic environment.

FuboTV said while multiple parties expressed interest in the betting business, the provider also said that none of these opportunities would have allowed FuboTV to “lower its funding requirements and generate sufficient returns to shareholders”.

As a result, FuboTV will close Fubo Gaming and cease all operations of the Fubo Sportsbook immediately.

“Following our previously announced strategic review, we have concluded that continuing with Fubo Gaming and Fubo Sportsbook in this challenging macroeconomic environment would impact our ability to reach our longer-term profitability goals,” FuboTV co-founder and chief ..

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