Category archives: Gambling

A major force in the iGaming sector, 7777 Gaming, is pleased to unveil a strategic alliance with Magicbet, a well-established operator in Bulgaria. This joint effort represents a crucial move in 7777 Gaming’s growth strategy, introducing its varied selection of iGaming offerings to the dynamic Bulgarian market.

Recognized for its robust land-based presence, Magicbet has recently entered the online gaming realm. Acknowledging the vast possibilities within this domain, Magicbet has strategically teamed up with 7777 Gaming to provide Bulgarian players with an unmatched gaming adventure.

This collaboration grants players in Bulgaria the opportunity to explore 7777 Gaming’s comprehensive library of slot titles, instant win options, keno, bingo, and table games through the Magicbet platform. This alliance delivers a broad spectrum of gaming choices, themes, and elements, catering to the diverse tastes of the Bulgarian audience.

Asya Raykova, Account Manager at 7777 Gaming, conveyed her excitement regarding this new endeavor, highlighting it as a significant turning point in the company’s path toward becoming a dominant provider within the Bulgarian market. She further stressed the dedication of both 7777 Gaming and Magicbet to furnishing players in Bulgaria with an exceptional gaming encounter.

This alliance comes on the heels of Magicbet’s recent collaboration with CT Interactive, demonstrating their commitment to enhancing their gaming catalog. By joining forces with industry frontrunners like 7777 Gaming, Magicbet is well-positioned to cement its status as a top-tier destination for online gaming in Bulgaria.

7777 Gaming has teamed up with Magicbet, representing a major step in the company’s ambitious growth strategy within the online gaming sector.

This alliance follows closely on the heels of 7777 Gaming’s recent partnership with Soft2Bet, a leading B2B casino and sportsbook platform provider. This agreement, inked in August 2023, integrated 7777 Gaming’s suite of games into several of Soft2Bet’s brands.

The Magicbet arrangement comes directly after a comparable deal with Romania-based NetBet, indicating 7777 Gaming’s strategic emphasis on penetrating deeper into the Eastern European market.

The iconic Brazilian soccer player, David Luiz, has partnered with BC.Game, a rapidly growing force in the crypto gaming industry. This collaboration is a perfect pairing, uniting Luiz’s extensive following with BC.Game’s cutting-edge platform.

Luiz will serve as the brand ambassador for BC.Game, engaging with supporters and the cryptocurrency community via social media and live streams on platforms such as Twitch. This alliance extends beyond mere celebrity endorsement; it aims to connect the realm of football with the promising potential of cryptocurrencies.

BC.Game is particularly enthusiastic about this partnership due to Brazil’s status as a hub for both cryptocurrency adoption and online gaming. Having Luiz as an advocate strengthens their dedication to this dynamic market and positions them for sustained expansion in 2023 and beyond.

For those unfamiliar, BC.Game is a comprehensive platform for cryptocurrency gaming, offering a wide array of options from traditional casino games to sports wagering, all underpinned by the security and transparency of blockchain technology.

BC.Game is truly embracing cryptocurrency! They’ve incorporated rapid transactions via the Lightning Network and are collaborating with both Binance Smart Chain and Arbitrum to enhance user experience. Luis Figo appears quite enthusiastic about the alliance, and it’s understandable considering its significance.

On the topic of significant developments, Brazil has been bustling with activity. Kambi Group recently partnered with Rei do Pitaco (RDP), a prominent entity in the Brazilian daily fantasy sports realm. It seems online sports wagering is poised to become even more popular in the region!

The Netherlands’ gaming regulator, known as the KSA, imposed a financial penalty of €45,000 (equivalent to roughly $49,500) on a Merkur gaming establishment for neglecting their duty to prevent at-risk gamblers from participating. They fell short in effectively employing the Dutch self-banning program, Cruks, established to assist individuals grappling with gambling dependency. This mechanism empowers individuals to essentially prohibit themselves from all gambling locations within the Netherlands, encompassing both online and physical venues.

Here’s a breakdown of the situation: a gambler, having already utilized Cruks to restrict themselves from gambling activities, successfully gained entry to the Merkur casino situated in Almere on nine occasions over a fortnight. Although the casino personnel attempted to verify the player’s status within the Cruks system, they encountered error notifications. This technical glitch, regrettably, implied the casino couldn’t definitively ascertain the player’s presence on the self-exclusion roster, leading to their permission to gamble. This occurrence underscores the critical importance for gambling operators to implement robust protocols and guarantee the seamless operation of systems like Cruks to safeguard susceptible individuals.

A gaming establishment in the Netherlands received a substantial penalty of €45,000. Apparently, they allowed an individual to bypass their protocols on not one, but nine separate occasions! One might assume they would have detected this pattern after the second or third instance, but this particular person was experiencing a streak of luck. The regulatory body overseeing gambling in the Netherlands expressed dissatisfaction with the establishment’s security measures, particularly because the individual in question was prohibited from engaging in gambling activities.

Cordish Enterprises is making a substantial financial commitment to Louisiana by constructing a completely new Live! Casino & Hotel resort in Shreveport. This endeavor signifies a $2.7 billion demonstration of faith in the area’s prospects.

Regional and commonwealth representatives recently gathered on-location for a commencement event, commemorating the start of building on what will become the Shreveport-Bossier market’s inaugural land-based gaming establishment.

Developed by LRGC Gaming, a branch of Cordish Enterprises, Live! Casino & Hotel aspires to be a top-tier destination, providing an exhilarating blend of gaming, amusement, and hospitality.

Beyond the thrill, this undertaking represents a significant economic catalyst. It is anticipated to produce substantial tax income for both the municipality of Bossier City and the state of Louisiana. Within the initial five years alone, projections estimate approximately $35 million in gaming tax revenue for Bossier City and over $168 million for the state.

Furthermore, the impact extends beyond monetary value. The project is also poised to generate roughly 750 construction positions, followed by an additional 750 permanent jobs in the gaming and hospitality industries once the resort commences operation.

Jon Cordish, an executive at Cordish Enterprises, underscored the transformative capability of this project. He remarked, “Live! Casino will be revolutionary, delivering a world-class gaming and entertainment experience to countless visitors, establishing thousands of new employment opportunities, and yielding millions of dollars in economic advantages for the community for decades to come.” He also conveyed appreciation to state and local officials, acknowledging Mayor Chandler and Ronnie Johns for their steadfast backing.

Prepare yourselves, Louisiana, as Live! Casino & Hotel makes its grand debut in 2025! This expansive entertainment destination is set to revitalize the former Diamond Jacks Casino & Hotel property in Bossier City, perfectly situated on the Red River’s edge.

Imagine: over 47,000 square feet dedicated to thrilling gaming action, featuring a collection of over 1,000 slot machines, electronic table games, and classic table games with live dealers. Sports enthusiasts will find their haven in a dedicated sportsbook area.

But the excitement doesn’t stop there. Live! Casino & Hotel will also boast a lavish 550-room hotel, a luxurious pool for basking in the Louisiana sunshine, a cutting-edge fitness center, and a sprawling 25,000 square foot event space designed to host a variety of performances and entertainment options. Prepare to indulge in over 30,000 square feet of delectable dining experiences and vibrant nightlife venues.

This is more than a simple renovation; it’s a complete metamorphosis that will establish Live! Casino & Hotel Louisiana as the premier gaming and entertainment destination in the area.

ClientScan is journeying to London! They’ve been selected to present at the esteemed Pitch! gathering during the Responsible Gaming Week summit this September. This groundbreaking conference, a debut for the UK, centers around enhancing gambling safety and responsibility.

ClientScan will be exhibiting their impressive facial recognition system that assists casinos in swiftly and precisely recognizing individuals who have opted for self-exclusion from gambling. This technology is a revolutionary development for responsible gaming, as it aids casinos in deterring those susceptible to gambling-related harm. Their specialists, Robin Paine and Laura Bedborough, will be present to illustrate how this technology operates its wonders, pinpointing self-excluded individuals in a split second with remarkable precision.

The Pitch! event is a superb chance for trailblazers like ClientScan to network with industry leaders and display innovative solutions that are molding the future of responsible gaming. Paul Newson, the visionary behind Senet, highlighted the significance of events such as Pitch! in nurturing innovation and propelling the industry toward a safer and more accountable future.

This essential five-day London gathering is crucial for gaming professionals. Key regulatory figures and industry leaders will provide perspectives on major sector hurdles and prospects. Anticipate engaging dialogues, stimulating conversations, and exceptional networking possibilities.

Confirmed participants include prominent figures such as Ian Smith of the Esports Integrity Commission, Wes Himes from the Betting and Gaming Council, and Dan Hartman, previously heading Colorado’s gaming division. Attendees will also hear from regulatory experts like Nevada’s Becky Harris and Massachusetts’ Cathy Judd-Stein, alongside global viewpoints from Isabelle Falque-Pierrotin of France’s ANJ and Harris Zangarides representing the Cyprus Gaming and Casino Supervision Commission.

Century Casinos demonstrated robust performance in the third quarter of 2023, achieving a substantial 43% surge in net operating income. Despite this, the firm encountered a decrease in operating earnings and posted a net deficit, attributing this to a series of asset purchases and divestitures during the period.

The casino and leisure corporation, with a presence in both the United States and Canada, witnessed its net operating income reach $1.612 billion for the three months concluding on September 30, 2023. Domestic operations flourished with a 21% rise in operating earnings, totaling $19.8 million, while Canada and Poland experienced notable contractions. This is potentially linked to Century Casinos’ divestment of a segment of its Canadian holdings, encompassing four venues, to a Vici Properties affiliate. The transaction concluded on September 6, 2023, for a sum of CAD$221.7 million (equivalent to roughly US$1.626 billion at the time).

Notwithstanding the revenue expansion, Century Casinos declared a net loss of $1.42 million assignable to shareholders, a considerable escalation compared to the preceding year. This equated to a fundamental loss per share of $0.47. Conversely, the company emphasized a favorable trajectory in adjusted EBITDA, which ascended by 19% to attain $33.3 million.

Century Casinos’ joint chief executives, Erwin Haitzmann and Peter Hoetzinger, declared unprecedented net operating income and Adjusted EBITDA, driven by the successful purchases of Nugget Casino Resort, Rocky Gap Casino Resort, and its associated golf course.

They did note that non-recurring expenses related to incorporating Rocky Gap and a sale-leaseback deal in Canada affected the quarter’s operating earnings and net deficit. However, they voiced optimism that income and operating expenditures would level out in the next few months, reflecting recent patterns.

The firm’s strategic growth was further emphasized by the completed $59.1 million purchase of Rocky Gap Casino Resort in Maryland.

The Gaming Association of Canada (GAC) and the Global Betting Integrity Body (Gbib) are collaborating to fight dishonesty in athletic wagering. This alliance is especially crucial as Canada broadens its sports wagering options, including the launch of the Ontario internet gaming market. The Gbib, an internationally recognized guardian organization, will collaborate closely with the GAC to oversee wagering actions, examine questionable conduct, and safeguard Canadian gaming establishments, sportsbooks, and patrons from the dangers of game manipulation. This joint effort utilizes the Gbib’s vast expertise in tracking billions in wagering transactions globally, guaranteeing a more secure and reliable sports betting landscape in Canada.

The objective is to maintain integrity in sports wagering, safeguarding both the contests and participants. This involves ensuring adherence to regulations and ethical betting practices, collaborating to combat fraudulent activities.

Khalid Ali, heading the International Betting Integrity Association (IBIA), highlighted the critical importance of safeguarding the wagering sector in Ontario and Canada as a whole. He underscored the IBIA’s dedication to partnering with diverse betting stakeholders, particularly the Canadian Gaming Association (CGA), to uphold ethical standards.

The CGA has played a pivotal role in establishing a regulated betting landscape in Canada. The IBIA recognizes them as a crucial ally in fostering responsible industry expansion, prioritizing fairness in both athletic competition and gambling.

The head of BtoBet is scheduled to deliver a major address on competitive video game wagering in the South African market at the upcoming iGaming Africa Summit. His talk will center around the potential of this sector, along with the hurdles that businesses encounter. The esports industry is experiencing swift expansion in South Africa, with projections indicating it could reach a value of billions of Rands by 2019. This surge is attributed to several elements, such as the rising popularity of esports, improved access to high-speed internet, and the legalization of internet-based gambling in certain regions of the nation.

The BtoBet CEO will delve into these topics and more during his presentation at the iGaming Africa Summit. This gathering is essential for anyone seeking insights into the trajectory of esports betting within South Africa.

Fried elaborated that the gathering would center on the African market, examining the distinct attributes of African esports fans. Additionally, they would highlight how established African gaming enterprises can utilize technology and promotion to connect with young adults and foster a dedicated community of players.

Major gambling entities Boyd Gaming, Gaming and Leisure Properties, and PointsBet have recently published their most recent earnings statements, revealing a varied performance.

Boyd Gaming experienced a 3% revenue increase for the second quarter of 2023, generating an impressive $917 million. Their primary source of income remained traditional casino activities, although this segment witnessed a minor decline compared to the previous year. Conversely, their digital division flourished, with revenue skyrocketing by 50% to reach $85 million. This online growth contributed to their overall profitability, which surged by a significant 31% to $192.5 million. Boyd’s CEO, Keith Smith, expressed optimism, emphasizing their capacity to manage a challenging economic environment and commending their operational tactics.

Concurrently, Gaming and Leisure Properties Inc (GLPI), a prominent player in casino property, reported a more moderate 3% rise in net earnings, totaling $160.1 million. However, their overall revenue presented a more favorable picture, expanding by 9% to hit $3.566 billion.

Although PointsBet’s figures were not detailed in the provided information, it is evident that the gambling sector is undergoing transformation. Established casino behemoths like Boyd Gaming are recognizing the prospects of internet-based gambling, while firms such as GLPI are capitalizing on the advantages of a diversified portfolio. The upcoming period will be intriguing to observe as these corporations adjust and vie within this dynamic market.

Gaming and Leisure Properties, Inc. (GLPI) is experiencing success following impressive Q2 2023 financial performance. The organization, a real estate investment trust focused on casino holdings, announced a 5% rise in adjusted EBITDA to $325.5 million. This expansion was driven by a substantial 9.2% surge in overall revenue, hitting $356.6 million.

Chief Executive Officer Peter Carlino credited the achievements to the firm’s solid lessee connections and the general strength of the gaming sector. He emphasized GLPI’s calculated growth, which now encompasses 59 locations across 18 states and collaborations with six distinct operators. This includes new additions such as agreements with The Cordish Companies and Ballys Corporation, actions anticipated to further elevate GLPI’s results in the near future.

Concurrently, PointsBet, an Australian internet wagering enterprise, also published its Q2 2023 earnings statement. The business, which consented to a $2.25 billion purchase by Fanatics earlier this year after a bidding contest with DraftKings, declared a net profit of $3.91 billion AUD (roughly $2.6 billion USD) year-to-date.

PointsBet witnessed a substantial 26% revenue surge year-over-year, hitting an impressive A$100 million. This was primarily driven by their American ventures, which generated a considerable A$161.1 million – a remarkable 72% upswing! Conversely, on their home turf in Australia, expansion remained relatively stagnant. They recorded A$55.6 million, barely a shift from the previous year.

However, don’t misinterpret that as stagnation! Their Australian sports wagering remains robust, climbing by 58%, and their online gaming segment (iGaming) is flourishing with a 122% increase. Moreover, they are excelling in Canada. Their revenue there is skyrocketing – we’re talking a 10,415% leap! They significantly exceeded their initial forecasts from the previous year.

Although precise profit figures remain undisclosed, PointsBet indicated they anticipate reaching profitability, or even turning a profit, by April 2024. This is largely attributed to divesting portions of their US operations, seemingly part of a broader strategic realignment.

A fresh face in the internet gaming world, Big Sky Ventures, has debuted its Betifyme platform, setting its sights on the flourishing Latin American market. Offered in English, Spanish, and Brazilian Portuguese, Betifyme will provide a comprehensive range of casino games such as slots and live dealer interactions, along with a strong sports betting section. With a focus on Brazil, Chile, and Peru, Big Sky Ventures clearly intends to make an impact with a product designed for both experienced and novice gamblers. Sep Fallah, a Big Sky Ventures representative, stressed the importance of this release, stating that they are keen to become key contenders in this dynamic market. He emphasized Betifyme’s capacity to disrupt the status quo by providing a single destination for all betting needs. To expedite their expansion, the company is actively pursuing collaborations and pledges committed assistance for their partners.

Farah stressed their dedication to an exceptional user journey, ensuring each title is captivating and simple to grasp, regardless of your experience level.

He noted that this commitment to excellence is what elevates Big Sky Ventures beyond a typical gaming platform; it’s poised to revolutionize the entire digital gaming landscape.

Simultaneously, Fun88 is creating a stir in Latin America. They’ve collaborated with Betby to fuel their system, offering a novel approach to gaming within the area.