iGaming software solutions provider Slotegrator has announced a new addition to its growing partner network, by partnering with slots supplier Capecod Gaming. Capecod Gaming’s portfolio includes over 130 high-quality games, including titles like Klondike Fever, Stardust Evolution, and Immortal Blood Buy Bonus, all optimized for mobile devices using HTML5 technology. Capecod Gaming, described in a press release
Month: August 2024
Win Systems has appointed Galy Olazo Torres as Country Manager & Sales for the Lima, Peru office. She joins Win Systems to lead and strengthen commercial operations in the country. Galy Olazo Torres has over 15 years of experience in the gaming and entertainment industry. Before joining Win Systems, she held key positions in companies in the sector,
Aug 02, 2024 6 min read BetMGM, one of the top-tier sportsbook and casino operators in the US, is debuting their new TV spot, ‘You Never Know When’, focusing on the unpredictable excitement of progressive jackpots. The new 30-second spot for television and social media for BetMGM Casino captures a spokesperson attempting to explain progressive
In a significant legislative development, Senators Catherine Cortez Masto of Nevada and Cindy Hyde-Smith of Mississippi have introduced a new bill aiming to repeal the longstanding 0.25% federal excise tax on sports betting handle. This bipartisan effort is backed by a coalition of lawmakers from both parties and chambers, marking a renewed push to eliminate
Aug 01, 2024 3 min read Caesars Entertainment has today announced that they will be selling the iconic World Series of Poker Brand to NSUS Group Inc, a leading investment group and operator of leading online poker room GGPoker. According to a press release, the deal is set to be worth $500 million—$250 million in
As the Legislature discusses how to cut Nebraskan’s property tax bills in half, Lincoln Senator Eliot Bostar has proposed that lawmakers consider legalizing and taxing mobile sports betting as a new source of revenue. His project was discussed during a Legislature’s General Affairs Committee on Wednesday, part of a special legislative session called by Gov.
Rush Street Interactive (RSI) has announced revenue of $220.4 million for the second quarter of the year, representing a 34% increase from the $165.1 million reported in the second quarter of 2023. The company’s net loss significantly improved to $0.3 million, a 98% reduction from the $16.7 million net loss seen in the same quarter
Macau’s gross gaming revenue (GGR) for July reached MOP18.59 billion ($2.31 billion), marking an 11.6% increase year-on-year and a 5% rise compared to the previous month. However, the figures, reported by Macau’s Gaming Inspection and Coordination Bureau (DICJ), reflect a near-24% decline from the same month in 2019, prior to the COVID pandemic. July’s GGR is
Sports gambling giant DraftKings is shutting down its non-fungible token (NFT) business following recent legal challenges. The decision comes just a week after the company sold its streaming outlet VSiN back to Musburger Media, signaling a broader downsizing strategy. The closure of DraftKings’ NFT marketplace, known as Reignmakers, was announced in an email to customers.
Aug 01, 2024 3 min read Poker content creator Frank “Frankie” Cucchiara had an eventful summer in Las Vegas that saw him running deep in World Series of Poker (WSOP) events and batting in big pots worth thousands of dollars in cash games across the Strip. The highs of the summer for Cucchiara, a PokerStars
A report by Deutsche Welle (DW) reveals that Brazil does not have the necessary support structure in place to treat gambling addiction. Despite recent advances in the regulation of sports betting, experts interviewed by DW warned that the Secretariat of Prizes and Betting (SPA) has not yet published an ordinance with guidelines and practices for the
Pay4Fun, a payment services provider in the betting sector, has received a certificate of recognition from the Support Group for Adolescents and Children with Cancer (GRAACC) for the fifth consecutive year. GRAACC is an institution based in São Paulo (SP) that treats cases of childhood cancer. The certificate awarded to Pay4Fun recognizes the company’s commitment
The Betting and Gaming Council (BGC) has expressed its support for the newly established Codes of Conduct for Gambling Related Agreements introduced by several major sporting bodies. The codes aim to raise standards for sports sponsorship deals. The BGC has worked alongside national sports bodies including the Premier League, English Football League, The FA, Women’s Super
The Nevada Gaming Control Board (NGCB) reported that June 2024 casino revenue from slot machines, table games, and sports betting reached $1.28 billion, marking a 3% increase compared to the same period last year. For the 2024 fiscal year, spanning from July 1, 2023, to June 30, 2024, statewide gross gaming revenue (GGR) achieved a
Codere Online, an online gaming operator in Spain and Latin America, reported a significant rise in net gaming revenue for the second quarter of 2024, driven by strong performance in its core markets of Mexico and Spain. The company posted total revenue of €51.7 million ($55.90 million) in Q2 2024, with net gaming revenue reaching
Panamanian President José Raúl Mulino has announced that electronic lottery operations will be terminated, in order to improve the efficiency and credibility of the National Lottery of Charity (LNB) and to promote its transformation. The decision was made based on reports from the LNB that, according to Mulino, “are not encouraging at all.” During his
U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed to modernize the taxation of the sports betting industry. This act seeks to exempt legal sportsbooks from the longstanding “handle” and “head” taxes that have burdened the industry. The
MGM Resorts International reported a record consolidated net revenue of $4.33 billion for the second quarter of 2024, marking a 9.8% year-on-year increase. This growth was largely driven by the performance of MGM China, which saw operations expand following the lifting of COVID-19 restrictions in Macau. MGM China exhibited significant growth, with net revenues of
On Wednesday, US Senators Catherine Cortez Masto (Nevada) and Cindy Hyde-Smith (Mississippi) introduced a bill to repeal the federal excise tax on gambling. This 0.25% tax is imposed on the amount of any legal wager, adding to state taxes. The bill, named the “Withdrawing Arduous Gaming Excise Rates Act” or “WAGER Act,” received immediate support
4 Bears Casino & Lodge, owned by the Three Affiliated Tribes, also known as MHA (Mandan, Hidatsa, and Arikara) Nation, has recently expanded its entertainment offerings with the addition of the River Willow, a new gaming riverboat that takes visitors on a scenic journey across Lake Sakakawea. This addition marks a significant enhancement to the