Online casino Archives

September 16, 2022

Delaware breaks igaming record again in August

Delaware set a new igaming revenue record for the second consecutive month in August, while handle for the state’s sports betting market also increased month-on-month.

Revenue from igaming reached $1.30m (£1.14m/€1.30m) in August, up 37.2% from $945,512 in the same month last year and marginally higher than the previous record of $1.25m that was set in July this this year.

Players spent a total of $36.8m playing igaming during the month, up 69.6% year-on-year, but 6.6% down from $39.4m in July 2022.

Online video lottery games accounted for $1.0m of total igaming revenue, with consumers having spent $21.8m. Internet table games generated $221,330 in revenue off $15.0m in bets, while poker rake and fee revenue reached $37,169.

Delaware Park remained the leading operator in igaming sector with $558,272 in revenue off $15.8m in bets, ahead of Bally’s Dover on $412,044 from $12.1m, then the Harrington Raceway with $326,657 from $98.9m in wagers.

Turning to sports betting, the $354,444 ..

September 14, 2022

LiveScore Bet signs up to Dutch industry body NOGA

Online gaming operator LiveScore Bet will join Dutch trade body the Netherlands Online Gambling Association (NOGA).

LiveScore was among the first 10 operators to receive an online gambling licence in the Netherlands, following the passage of the Remote Gambling Act, which legalised online gaming in the country. The Anzo Group-owned business is licensed to offer both sports betting and online casino to Dutch consumers.

NOGA managing director Peter-Paul de Goeij pointed to LiveScore Bet’s consumer protections in a statement: “We are pleased that LiveScore Bet, as one of the early licensees in the Netherlands, has opted to join NOGA.

“LiveScore Bet is a very reputable operator in our industry, putting a safe and secure betting experience at the heart of their operation. We look forward to working with them, and in so doing contribute positively to the policy objective of optimal consumer protection,” he said.

LiveScore Bet group director of regulatory compliance Monika Naydenova-Grue..

September 7, 2022

Swifty Global launches new sports betting and igaming site

Financial and sports betting technology solutions provider Swifty Global has announced the soft launch of its new Swifty Gaming sports betting and online casino website.

Swifty Gaming will allow customers to place pre-event and in-play bets on all major sports events, as well as access more than 200 casino games.

The provider said it expects to onboard a number of premium clients following the launch, adding that the Swifty Gaming site will help generate tens of millions in additional revenue during its first year of operation.

The launch comes after Swifty recently secured new gambling licences in both the UK and Curacao, allowing it to roll out a sports predictions app in the UK and a global digital wallet offering artificial intelligence and cryptocurrency and blockchain transactions.

In addition, Swifty in June announced it had agreed a deal to acquire UK online gambling operator Goldchip Limited. Goldchip has a portfolio of nearly 750 high net worth VIP clients including a num..

September 2, 2022

Simon Hammon’s lessons from a lifetime in slots: The present

Simon Hammon, recently named chief executive of Relax Gaming, insists he’s not a typical “product guy”. But the games released under his watch, like Starburst during his time at NetEnt, have had a massive impact on the industry. In the second part of a three-part interview, Hammon offers advice for businesses in the crowded slots space of today.

Simon Hammon’s success at NetEnt ultimately took him to Relax Gaming. In part one of this series, Hammon outlined how the move might have looked to some like a “step down”.

But since joining, the business has been growing strongly. For the second quarter of 2022, revenue was up 20% quarter-on-quarter to £5.2m, with six new titles rolled out and the Dream Drop jackpot feature going live.

Its partner base expanded to 15 new operators in that same period, while 132 studios were integrated into its RGS, while its reach extended to Italy and Spain, with a licence for Ontario setting it up for entry to North America.

That business-minded view has..

August 26, 2022

Cost of living represents looming crisis

iGB op-ed: Zak Thomas-Akoo argues the gaming sector should brace for a squeeze as macroeconomic conditions start to bite.

“Now is the winter of our discontent,” burbled Richard III, in the famous warning of what happens when a clever clogs lets ambition outstrip means. More prosaically, winter is certainly on the mind of those in the UK as the country braces for a potential triple threat of recession, energy price shocks and generalised inflation, all of which have direct industry implications.

A combination of supply constraints, fiscal and monetary policy, and energy disruptions have made inflation a worldwide phenomenon but it is most ferocious in the UK. In August, annualised inflation reached 8.5% in the US, 8.6% in Eurozone, just 6.5% in France – and 10.1% in Britain.

As our long, hot and doomed summer recedes into the middle distance, from Middlesbrough to Downing Street, Britain is blowing off its dusty old picture books of 1978 as it braces for the squeeze, and it’s not muc..

August 25, 2022

Delaware sets igaming revenue record in July as sports betting struggles continue

Online gaming revenue in Delaware reached a record-high in July, though the state’s sports betting market continued to struggle.

Revenue from igaming amounted to $1.25m (£1.06m/€1.25m). narrowly beating the previous monthly high of $1.22m set in April this year.

The July figure was also 58.1% higher than $793,017 in the same month last year, as well as 12.1% ahead of $1.1m in June this year.

Online video lottery accounted for $1.0m of total revenue for the month, with table games at $165,378 and poker rake and fees $43,944.

Players spent $39.4m gambling online, including $26.8m on video lottery and $12.6m on table games.

Delaware Park was the leading operator in the igaming sector with $377,753 in revenue off $16.2m in bets, ahead of Bally’s Dover on $377,753 from $12.9m and Harrington Raceway with $332,904 off $9.8m in wagers.

Turning to sports betting, revenue for the month stood at $383,249, down 27.5% year-on-year, but 80.1% higher than $212,768 in June this year.

Consumers ..

August 25, 2022

Delaware sets igaming revenue record in July as sports betting struggles continue

Online gaming revenue in Delaware reached a record-high in July, though the state’s sports betting market continued to struggle.

Revenue from igaming amounted to $1.25m (£1.06m/€1.25m) narrowly beating the previous monthly high of $1.22m set in April this year.

The July figure was also 58.1% higher than $793,017 in the same month last year, as well as 12.1% ahead of $1.1m in June this year.

Online video lottery accounted for $1.0m of total revenue for the month, with table games at $165,378 and poker rake and fees $43,944.

Players spent $39.4m gambling online, including $26.8m on video lottery and $12.6m on table games.

Turning to sports betting, revenue for the month stood at $383,249, down 27.5% year-on-year, but 80.1% higher than $212,768 in June this year.

Consumers w..

August 23, 2022

Rush Street Interactive: the exception that proves the rule

At a time when US sports betting operators are shifting focus to profitability rather than expansion, Rush Street Interactive believes it is a step ahead of the competition. Chief executive Richard Schwartz explains how a disciplined approach, online casino and its pan-American ambitions, will achieve this.

The early stages of the US betting and igaming market have been typified by a race to build as big a customer database as possible, at whatever cost. Each state that launches experiences advertising shock and awe, as operators bankroll vast campaigns to use each rollout as a land-grab for new sign-ups.

Rush Street Interactive (RSI), the business that listed on the New York Stock Exchange in December 2020, has looked to take a different approach. At a time when there is greater scrutiny of company spending, and investors query how long hefty losses can be sustained, it has managed to keep its spending in check.

While the push for profitability is still relatively new to the wide..

August 19, 2022

Michigan online gambling market bounces back in July

The Michigan Gaming Control Board (MGCB) reported $148.2m (£125.1m/€147.3m) in combined online casino and internet sports betting revenue in July, halting three consecutive months of decline in the state.

Gross internet gaming and sports betting receipts from commercial and tribal operators in July was 8.3% higher than $136.9m in June this year, while the total was also 32.4% up from $111.9m in July of 2021.

Online gaming gross receipts were 37.2% higher year-on-year at $126.6m, while gross sports betting gross receipts jumped 10.2% to $21.6m, helped by a 9.6% increase in handle.

Total adjusted gross receipts, which account for promotional spending, reached $131.2m, up 37.4% on July last year. Of this total, $117.2m came from igaming and $14.0m sports wagering.

Licensed operators submitted $24.9m in taxes and payments to the state during July, with $24.1m coming from igaming taxes and fees and $815,409 sports betting.

In terms of year-to-date, aggregate internet gaming adjusted gr..

August 19, 2022

Michigan online gambling market bounces back in July

Online gaming gross receipts were 37.2% higher year-on-year at $126.6m, while gross sports betting gross receipts jumped 10.2% to $21.6m, helped by a 9.6% increase in handle.

Total adjusted gross receipts, which account for promotional spending, reached $131.2m, up 37.4% on July last year. Of this total, $117.2m came from igaming and $14.0m from sports wagering.

Licensed operators submitted $24.9m in taxes and payments to the state during July, with $24.1m coming from igaming taxes and fees and $815,409 sports betting.

In terms of year-to-date, aggregate internet gaming adjust..

August 19, 2022

A lucky escape for Entain?

iGB op-ed: this week, the gambling industry was the subject of front-page news when gaming giant Entain paid a record settlement of £17m (€20.1m/$20.4m) to the GB Gambling Commission for a range of regulatory failings. Marese O’Hagan ponders whether another operator would have had its licence revoked outright.

News of the scale of Entain’s £17m regulatory settlement this week generally ignites sharp debate between anti-industry campaigners and those in support of the sector. And with social media playing such a large part in communication today, it is easier than ever to absorb both sides of the debate.

However, there was little sympathy for Entain on Wednesday morning when the penalty was announced.

In total, Entain has agreed to pay £14m for social responsibility and anti-money laundering (AML) failures carried out by its online gaming business LC International Limited – which operates 13 UK sites, including Coral.co.uk, Ladbrokes.com and FoxyBingo.com – and a further £3m for simi..

August 17, 2022

Entain to pay record £17m for wide-ranging failings in GB

The GB Gambling Commission has ordered Entain to pay a record £17.0m (€20.3m/$20.6m) after it identified a series of social responsibility and anti-money laundering (AML) failings across its online and land-based businesses.

Entain will pay £14.0m for failings from LC International Limited (LCI), which runs Entain’s online brands including Ladbrokes.com, Coral.co.uk and Foxybingo.com.

The remaining £3.0m is for the Ladbrokes Betting & Gaming Limited (LBG) land-based business, which operates 2,746 betting shops across Great Britain.

All £17m will be directed towards socially responsible purposes as part of a regulatory settlement, while the Commission will impose a series of additional licence conditions, with an Entain board member tasked with overseeing a new business plan for improvement.

In addition, a third-party audit of compliance with the Licence Conditions and Codes of Practice will take place within 12 months.

As a result of the failings, Gambling Commission chief execut..

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Tag: Online casino