On Wednesday iGaming Ontario, the online gaming platform that regulates and approves private gaming companies in the Canadian province, released its market report for the fourth quarter of the 2023-24 period, as well as the full year, unveiling a considerable increase in total wagers and gaming revenue. The province garnered CAD17.8 billion ($12.9 million) in
Industry
Online casino entertainment provider Play’n GO has announced an expansion of its partnership with US operator BetMGM. As a result of the extension, the Swedish gaming giant’s content is now available with the group in Pennsylvania. Play’n GO had previously gone live with BetMGM in Michigan, New Jersey, and West Virginia. This expansion sees the partnership extend to a fourth US
Casino giant Las Vegas Sands has reported a net revenue of $2.96 billion for the quarter ended March 31, 2024, marking an increase from $2.12 billion in the prior year and going beyond analysts’ estimates of $2.94 billion. The growth was buoyed by consistent tourist activity in Macau and robust performance in its Singapore operations, driven
Toronto Raptors two-way player Jontay Porter has been banned by the NBA following a league investigation that uncovered his involvement in disclosing confidential information to sports bettors and placing wagers on games. The NBA, in a statement released on Wednesday, disclosed that Porter shared confidential details about his health status with an individual known to
Payment solutions provider OKTO will be exhibiting at the SiGMA Americas in São Paulo, Brazil. The company will present its banking solutions, paytech, and instant transactions for the Brazilian and Latin American markets at booth J50, from April 23 to 25. “Renowned for its commitment to revolutionizing the payment landscape, OKTO will showcase a complete
The legal battle between DraftKings and Fanatics unfolded during a hearing on Tuesday, revealing a web of alleged secret dealings and accusations of trade secrets theft. The hearing, as reported by the Boston Globe, shed light on clandestine phone calls, purported attempts to lure employees with lucrative offers, and the contentious dispute over Michael Hermalyn’s transition
The cyber attacks in Vegas last year are back in the news, as an MGM suit against the Federal Trade Commission has been filed over its investigation into the matter. Those attacks crippled Caesars and MGM properties, and the suit filed in Washington federal court targets both the FTC and Lina Khan, the FTC chair.
Bally’s Atlantic City has announced that it will commemorate its 45th anniversary by introducing a range of new amenities and special offerings. Building upon the completion of over $100 million in renovations in the summer of 2022, Bally’s says the additional improvements “will take the customer experience to new heights.” “These enhancements are aimed at
A few days before the start of BiS SiGMA Americas 2024, which will be held in the city of Sao Paulo from April 23 to 25, executives and companies in the gaming sector are beginning to prepare to attend the largest fair in the region. Among the companies that will exhibit their products and solutions
Global betting company 1xBet will take part in SiGMA Americas 2024, an exhibition dedicated to the iGaming industry. The company called it “the largest industry forum” in Latin America, slated to occur from 23rd-25th April at the Transamerica Expo Center in São Paulo. “For several years now, a reliable brand has been not only a
A week before the start of a new edition of BiS SiGMA Americas, which will take place at the Transamérica Expo Center in Sao Paulo from April 23 to 25, Yogonet interviewed Galaxsys, one of the brands that will exhibit its products at this prestigious tradeshow. Hayk Sargsyan, CEO of Galaxsys, explained what their participation
Brokerage firm Morgan Stanley has adjusted its 2024 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast for Galaxy Entertainment Group (GEG) downward by 14 percent to HKD 11.8 billion ($1.5 billion), indicating a recovery to 72 percent of pre-Covid levels. On Tuesday, analysts Praveen K Choudhary and Gareth Leung said that the revision was
Nebraska’s casino sector is seeing notable success, with both Lincoln’s WarHorse Casino and Grand Island Casino and Resort reporting record-breaking revenue in March. WarHorse Casino in Lincoln marked its best month yet, raking in nearly $5.5 million in revenue, with slot machines contributing the lion’s share at almost $5.2 million. The sportsbook also had a
iGaming content supplier Pragmatic Play has strengthened its presence in the Brazilian market by activating its products on the site of PixBet. The provider has rolled out three of its main verticals with the Latin American operator. Pragmatic Play has integrated its portfolio of slots, live casino, and virtual sports titles onto PixBet’s online platform, becoming available to
Romanian operator PublicWin has expanded its gaming portfolio by integrating EGT Digital’s slots. The titles of the Bell Link and Clover Chance jackpots are now accessible to customers of the operator. Announcing the collaboration, iGaming solutions supplier EGT Digital said their titles have quickly become favorites among visitors to PublicWin’s site since their introduction. Tsvetomira Drumeva,
The Redding City Council voted 3 to 2 to submit comments on the Redding Rancheria casino project’s Final Environmental Impact Statement during its meeting on Tuesday night, sending them to the U.S. Department of the Interior Bureau of Indian Affairs for review. A Draft Environmental Impact Statement (DEIS) for the project was prepared and issued
Multinational sports betting and gaming company Entain has maintained its revenue expectations for the first quarter of the year, showing a 3% year-on-year increase, despite facing challenges in the UK and Ireland markets. In its trading update released on Wednesday, Entain reported a rise in revenue, including in BetMGM, the joint venture with MGM Resorts in
Macau’s Chief Executive, Ho Iat Seng, has announced plans to repurpose the former racetrack of the Macau Jockey Club (MJC) into a multifunctional venue. However, Ho dismissed the notion of utilizing the land for casino or residential development during a recent Legislative Assembly Q&A session. Ho informed attendees that the racetrack was officially transferred to
Mississippi’s journey towards legalizing statewide online sports betting faced a legislative twist as the House of Representatives officially rejected the Senate’s amendments to House Bill 774. The move was widely anticipated and sets the stage for further negotiations between the two chambers. House Bill 774 faced alterations in the Senate that stripped it of its
Connecticut’s Foxwoods Resort Casino reported a slot revenue of $32.4 million for March 2024. This resulted in a $8.2 million direct payment to the State of Connecticut, per the Mashantucket Pequot Tribal Nation’s long-standing slot revenue contribution agreement. Since 1993, the Mashantucket Pequot Tribal Nation has deposited over $4.6 billion of Foxwoods’ slot revenue into the