Flutter Entertainment, the parent company of FanDuel, has projected that the U.S. gambling market will grow significantly, expecting it to exceed $60 billion by 2030. The latest forecast marks a notable increase of almost 60% from previous estimates made in 2022. Flutter’s stock surged by 8% following the announcement, reaching an all-time high. As part
Month: September 2024
Underdog Fantasy, a rapidly expanding sports gaming and media company, has been recognized for the second year in a row on LinkedIn’s annual list of Top Startups in the United States. Ranked at number 15 on the 2024 list, Underdog is the only sports gaming company to make the cut, reinforcing its status as an
Play’n GO invites players to venture deep into the fiery depths of Hell with their latest online slot release, Kingdom Below. Set against a backdrop of flames and danger, this 5×4 grid slot offers an exhilarating adventure where players team up with Ignis, the ruler of the underworld, in a quest for riches that are
Liquor & Gaming NSW has initiated a significant compliance blitz targeting new gaming harm minimization measures, reinforcing the state’s dedication to responsible gaming practices. In recent months, inspectors visited 528 hotels and clubs across New South Wales, scrutinizing adherence to newly instituted regulations. These include the appointment of Responsible Gaming Officers (RGOs), maintaining gambling incident registers, and implementing mandatory
The WPT World Championship festival at Wynn Las Vegas is making headlines again by hosting the largest freeroll in poker history, the ClubWPT Gold $5M Invitational Freeroll. This groundbreaking event not only continues the tradition of record-breaking tournaments but also marks the introduction of the World Poker Tour’s latest innovation, ClubWPT Gold. “In celebration of the launch of ClubWPT Gold,
Sands China Ltd. proudly announced the opening of the newly remodeled Londoner Grand Casino within The Londoner Macao resort. The casino, formerly the Pacifica, commenced operations at noon on September 26. This event marks a significant milestone in the ongoing transformation of the resort into a British-themed haven. “We are pleased to confirm that The Londoner Grand Casino
Recent findings from the American Gaming Association (AGA) reveal a substantial increase in investments toward responsible gaming initiatives across the US gaming industry. The total annual expenditure has surged to $471.8 million, marking a remarkable 72% increase from the $275 million recorded in 2017. This growth in responsible gaming spending has outpaced the revenue growth in the gaming sector
The online betting and gaming industry has seen a significant evolution over the past decade. What was once a solitary activity has now transformed into a social experience, thanks to the integration of various social features. These features are not just add-ons; they are becoming a core part of the user experience, shaping how players
The UK’s Advertising Standards Authority (ASA) has banned several social casino ads promoted on TikTok. The ads, created by SpinX Games Ltd, Dataverse Co Limited, Huuuge Global Limited, Mobee Co Ltd, and Zeroo Gravity Games LLC, were flagged for misleading consumers into thinking they could win real-world money. The ads in question showcased slot-like games
Roberto Campos Neto, president of Brazil’s Central Bank, has voiced alarm over the exponential rise of online betting in the country, particularly highlighting the growing involvement of low-income individuals, including recipients of Bolsa Família. The dramatic uptick in Pix transfers to betting platforms, which has seen a surge of over 200% since January, is stoking
Within a year of legalizing online gambling in Canada, a surge in public complaints about the volume and content of gambling advertisements has raised concerns. A new study released by the Canadian Gaming Association (CGA) highlights that regulators may be acting more quickly than the available evidence supports. This could result in policies that don’t
Recent findings from the American Gaming Association (AGA) reveal a dramatic rise in responsible gaming (RG) investments across the gaming industry. The research highlights that industry spending on RG programs has soared to $471.8 million annually, reflecting a significant 72% increase from $275 million in 2017. This rapid growth outpaces the increase in gaming revenues
The Swedish Gambling Authority (Spelinspektionen) is taking new steps to intensify its battle against illegal gambling outside the country’s licensing system. This move aims to protect Swedish consumers, public health, and tax revenues, which are threatened by unregulated gambling activities. The authority has announced that it will produce a comprehensive “situation description” to provide an
Star Entertainment reported an A$1.7 billion ($1.16 billion) annual loss, marking its second consecutive multi-billion-dollar decline as the Australian casino operator battles challenging trading conditions and regulatory changes. The company said it is considering asset sales to shore up cash reserves. Star, Australia’s second-largest casino operator, attributed the massive write-down to “challenging trading conditions” at
Gentoo Media (formerly GiG Media) confirmed the name change from Gaming Innovation Group Inc. to Gentoo Media Inc. after approval in a shareholder meeting held on Monday. The company, now named Gentoo Media Inc., continues its dual-listing on the Oslo Stock Exchange, Norway, with the ticker symbol G2MNO, and on Nasdaq Stockholm, Sweden, with the
North Carolina’s sports betting initiative has far exceeded initial financial forecasts, accumulating over $62 million in tax revenue since its inception on March 13. The announcement was made during a recent North Carolina Lottery Commission meeting, where Sterl Carpenter, the deputy executive director of gaming compliance and sports betting, detailed the state’s performance. Originally, lawmakers
iGaming content provider Play’n GO has unveiled its newest slot adventure, Kingdom Below, which “dares players to brave the inferno and uncover untold treasures.” Set in the blistering heat of Hell, Kingdom Below challenges players to join Ignis, the fearsome ruler of the underworld, in a quest for mystery prizes and hidden treasures, Play’n GO
The NHL’s Vegas Golden Knights have unveiled an official partnership with Fontainebleau Las Vegas. The luxury resort, which opened last year on the Vegas Strip, will profile the partnership through “elevated fan experiences” for its guests throughout the season. “This is a natural partnership between two premium brands in our fantastic city,” said Vegas Golden
Gaming provider Zitro announced the introduction of its Fu Frog games to Huelva, in partnership with Recreativos Babi, which has installed it in their Salas Poker slot arcade. “Fu Frog is revolutionizing the entertainment landscape in gaming halls across Spain with its unique dynamic, which guarantees fun and exceptional prizes,” said Zitro. Zitro’s lucky frogs
International Game Technology PLC (IGT) has been named FanDuel Sportsbook’s exclusive retail sports betting platform provider in North America for four additional years, the gaming technology supplier announced on Thursday. Under the renewed multi-year agreement, IGT PlaySports and FanDuel group will team up for retail wagering through 2028, with IGT renewing its position as the