Archives February 2024

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The large selection of online and land-based sportsbetting services in New Jersey reportedly had a record-breaking November after chalking up aggregated handle of approximately $931 million.

According to a Monday press release from the online news domain at PlayNJ.com citing official information from the New Jersey Division of Gaming Enforcement, the result represented the first time an American state had topped $900 million in monthly aggregated sportsbetting handle and came after punters in ‘The Garden State’ had wagered previous record-setting highs of $667.9 million, $748.5 million and $803.1 million for August, September and October respectively.

Public profit:

Dustin Gouker from PlayNJ.com used the press release to detail that New Jersey’s combined sportbetting handle for November was some 65.6% higher than the $562.7 million recorded for the same month last year as associated revenues climbed by a comparable 53.7% to reach $50.6 million. He moreover explained that this had produced roughly $6.2 million in state taxes to represent almost 17% of the $36.5 million tally collected for the entirety of 2019.

Read a statement from Gouker…

“Even if New Jersey can’t quite reach $1 billion in a month before the end of the National Football League (NFL) season, the mere possibility so soon after the industry launched in 2018 would have been close to inconceivable until just a few months ago. The restart of the United States sports world after the shutdowns of spring and early-summer has fueled online sportsbetting in ways that would have been hard to predict before this year.”

Grand gridiron:

Eric Ramsey from PlayNJ.com pronounced that the figures from the New Jersey Division of Gaming Enforcement also showed that wagering on games of American football had brought in total November handle of about $433.3 million, which equated to a swell of 55.3% year-on-year. He stated that this had been followed by those sports categorized as ‘other’, which excluded baseball and basketball, at $221.5 million due to the coronavirus-influenced holding of fewer more mainstream professional and collegiate contests.

Ramsey’s statement read…

“When the traditional major betting sports went quiet, most of the major online sportsbooks were really good at engaging their customers with an array of offerings from golf to table tennis. What is surprising is that those efforts continue to pay dividends even as the major sports have returned.”

Remote supremacy:

With regards to where punters were wagering last month and Gouker proclaimed that online sportsbetting had generated aggregated New Jersey handle in the region of $872.1 million, which represented a one percent rise on October, topped by the service from FanDuel Group with gross revenues of $21.2 million. He furthermore asserted that retail locations saw their combined tally increase by 0.5% month-on-month to $59.5 million as Meadowlands Racetrack led the way with $3.6 million in receipts.

Gouker’s statement read…

“As good as the online market has been, Atlantic City has been hit hard this year by the pandemic. The state’s growth overall over the last few months is almost entirely the product of online sportsbooks. That will continue for the foreseeable future.”

iGaming importance:

Regarding online casino and poker, PlayNJ.com detailed that aggregated November revenues had grown by 86.9% year-on-year to top $91.8 million for $13.8 million in state taxes. Although this earlier figure was some 1.8% down on October’s finishing tally, the source nevertheless explained that such activities have so far generated record annual receipts of $870.9 million and injected $130.8 million into New Jersey’s coffers.

Read a statement from Ramsey…

“With Atlantic City casinos struggling to remain open during the pandemic, the tax revenues generated by online casino games in particular has never been more needed. New Jersey’s online casinos are the envy of every state with legalized online gaming and a model for any state looking to pass legislation in the coming year.”

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In the United Kingdom and the head of the influential Betting and Gaming Council lobby group has announced that his industry is prepared to back the government’s post-pandemic economic recovery plans.

The Chief Executive Officer for the London-headquartered organization, Michael Dugher (pictured), used an official press release to declare that the British online and land-based gaming industry will support any proposed revival campaign ‘with investment, jobs and tax revenues,’ This scheme is due to be laid out by Chancellor of the Exchequer Rishi Sunak on Wednesday and could contain measures that would cut domestic fuel duties, raise the national insurance threshold and provide more financial assistance to those paying for childcare.

Concurrent caution:

However, Dugher simultaneously warned the government of Prime Minister Boris Johnson not to put the regulated gambling industry of the United Kingdom at risk by pursuing ‘well-meaning but naive changes’ via its upcoming ‘white paper’ review into the future regulation of the nation’s online gambling market. The 46-year-old also noted that his organization’s members support approximately 119,000 domestic jobs and together annually contribute over $10 billion to the British economy alongside almost $6 billion in tax.

Read a statement from Dugher…

“Our members are ready, willing and able to assist in the Chancellor’s post-coronavirus economic recovery plan. They already support thousands of world-leading tech jobs across the United Kingdom, helping to generate billions of pounds in revenue for the Treasury. With ambitious plans for further investment in the years to come to generate more quality and high-skilled jobs in regions outside London, we are contributing to the levelling up agenda.”

Prominent participation:

The Betting and Gaming Council represents approximately 90% of British gaming, sportsbetting, casino and bingo operators including behemoths such as William Hill, Entain and Flutter Entertainment. A former Parliamentarian for the Labour Party, Dugher pronounced that the nation’s collection of retail gambling venues ‘are getting back on their feet’ following many months of coronavirus-induced lockdown to carry on ‘making a major contribution to support our hard-pressed high streets as well as hospitality, leisure and tourism’.

Benevolent backing:

Dugher furthermore asserted that the United Kingdom’s regulated sportsbetting and gaming industry provides domestic sports with a host of benefits including a combined $16.5 million for rugby league, darts and snooker organizations. The South Yorkshire-born advocate went on to note that his group’s members also recently handed over some $460 million to support horseracing while giving in the region of $53 million to the English Football League.

Considered change:

Nevertheless, Dugher advised the government that any provisions for the future regulation of the nation’s online gambling market must be ‘evidence led’ and not result in any risk to ‘the huge economic contribution’ made by the members of the Betting and Gaming Council. As an example and he highlighted the implementation of strict rules in nations such as Norway that have unintentionally led to a proliferation of ‘black market’ iGaming sites and placed punters at higher risk via the absence of the ‘safer gambling tools used by the regulated betting and gaming industry.’

The statement from Dugher read…

“It is vital the industry’s contribution to sports, local communities, jobs and tax revenues is not put at risk in the gambling ‘white paper’ and with well-meaning but naive changes to regulation. The growth of the unsafe and unregulated ‘black market’ in online gambling is part of a global trend and it’s foolish to think that there’s an enforcement solution to this. Anti-gambling campaigners may want to see a smaller regulated industry but that would be bad news for the economy and the Exchequer.”

Retired four-time world boxing champion “Sugar” Shane Mosley (pictured) helped the 38-year-old Cromwell Las Vegas debut its new 50-seat sports book by placing the first ceremonial bet on Tuesday, according to Vegas Inc.

The casino’s newest addition is located on the Las Vegas Strip property’s northeast corner and features a 32×9 foot LED video wall and a 9×5 foot LED odds wall, which is viewable from various part of the casino.

The Cromwell also reportedly recently began offering EZ Baccarat, single “0” roulette, 100 times odds on craps and 3-to-2 payout on blackjack in double-deck and shoe games. According to the news agency, in order to make the tables accessible to more people, the casino lowered the minimum bets on many of them.

Complaints by industry experts reportedly claim properties on The Strip are losing customers due to casinos offering games that weight too heavily in the house’s favor. The recent changes at the property owned by the Caesars Entertainment Corporation have officials there feeling optimistic about having addressed some of the concerns.

The Cromwell’s general manager, Blake Segal, said they think it’s a calculated risk. “And while there is some amount of discounting off the current base of revenues, we hope that this appeals to a larger audience and they’ll find their way here and make up the discounting and then some. Otherwise, we wouldn’t be doing it, obviously,” explained Segal.

Vegas Inc reports that according to Segal, the changes are a good fit with the old school Las Vegas feel of the Cromwell and given the stiff competition on the Strip, necessary.

Segal said, “Given that we only have 188 rooms, (the Cromwell) is a property that needs to rely on visitation from outside the building,” He added, “And we find this to be a way to drive a person off the Las Vegas Strip and into the property. And for locals, well obviously the locals market will go to a local property to game. But now they can come to the Las Vegas Strip and have a place to game as well.”

Starting on February 9^th, the World Series of Poker Circuit will be back in action at the Palm Beach Kennel Club for the seventh year in a row. The West Palm Beach venue will feature WSOP Circuit events from the 9^th until the 20^th. The Palm Beach Kennel Club was actually the first non-casino to offer circuit events and for some time was the only stop on the circuit to take place in Florida.

On the 9^th, the circuit stop will begin the 12 Rings in 12 Days series starting with the NL Hold’em Monster Stack tournament. The event will have a $365 buy-in. The 10^th and 11^th will feature a NL Hold’em Re-Entry event also with a $365 buy-in. The Main Event of the series is set to take place on the 18th with a buy-in of $1,675.

Additional formats that will be available during the circuit stop are 8 Max No Limit Hold’em with re-entry, Pot Limit Omaha 8 or Better with re-entry and Turbo No Limit Hold’em. A Ladies event is on the schedule for the 18^th with a $135 buy-in along with a Seniors event with a buy-in of $250.

Satellites are also on offer so players can pay a lesser amount to take part in certain events. Mega Satellites can be found for Event #9 and Event #11, with buy-ins of $150 and $250 respectively. The full schedule of events can be found here at the Palm Beach Kennel Club Website.

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Part of the Vegas Parnter Lounge (VPL), Casino-Mate is a top Australian online casino. VPL is a gaming group that has more than 16 years of experience in the gaming industry, hosting such prestigious online casinos as Crazy Vegas, Golden Riviera Casino and Maple Casino.

Isle of Man-based software provider Playtech announced that the company have sealed a deal with win2day to take over supply of the regulated online poker network in Austria.

The agreement obliges the supplier to work closely with the brand in order to replace current offerings and deliver a top notch quality desktop and mobile poker platform in the next three years. The information was published on Playtech’s website and revealed plans for the brand new platform to be launched mid-March, 2016.

As was pointed out in the release, Playtech have spent a great deal of effort and resources in upgrading “its award-winning iPoker client” adding a home tab, a series of new games, a new lobby and refreshed poker tables. These changes should now provide an easier and personalised access to a good selection of poker fan favorite games.

The gaming solutions provider made its platform available for testing on www.ipokerbeta.com where interested parties can check out the quick seat function and its personalisation capabilities. Furthermore, the enhanced iPoker software now comes with favourite games, which are automatically added to the player’s list and thus can be easily accessed. Additional improvements include upgraded filters, lobby personalisation and a brand new tiled design.

Regarding the win2day deal, Playtech’s head of iPokes, Joerg Nottebaum, stated that one of the provider’s main strengths has been working in “regulated and newly regulating markets.” He also expressed delight of reaching agreement with the win2day brand and revealed that Playtech was looking forward to developing Austria’s poker network in the years to come.

Win2day is a popular multi-channel gaming platform owned by Casinos Austria AG and Austrian Lotteries. Its gaming offer, aside from poker includes lottery, bingo and a Rabcat powered casino section.

Award-winning online slot and table games developer Pragmatic Play has reportedly inked a deal with Las Vegas-based NYX Gaming Group that will see its entire library integrate onto NYX OGS™ (Open Gaming System).

Per the terms of the deal, the Malta-based Pragmatic Play games including Jurassic Giants, Vegas Nights and Caishen’s Gold will be accessible to upwards of 150 operators in what demonstrates NYX’s strength as a global partner.

Pragmatic Play’s Chief Business Development Officer, Yossi Barzely, said: “Delivering on the quality of our games in the world’s regulated markets is paramount for Pragmatic Play, and partnering with a provider as highly regarded as NYX is a major endorsement of our potential.

“We are excited to sign with them, and look forward to enjoying a long and rewarding relationship as we grow our global footprint,” according to the press release.

Also commenting on the new partnership, Executive Vice President of Gaming at NYX Gaming Group, Dylan Slaney, said: “We aim to supply our operating partners with the industry’s most impressive and varied range of games, and partnering with providers like Pragmatic Play ensures that the NYX OGS continues to be the go-to content aggregation solution for regulated operators.

“We have been impressed by Pragmatic Play’s commitment to innovation and highly-attuned approach to game design, and integrating their range of titles made immediate sense.”

Having released two new titles monthly throughout the year, Pragmatic Play’s impressive portfolio contains upwards of 80 proven HTML5 slot titles and additionally features on an expanding number of leading online casino brands.

On the heels of the launch of its Level Up gamification tool and Cyprus-based provider of omni-channel sports betting solutions Playtech BGT Sports has extended its sportsbook partnership with Spanish gaming company, Codere SA (CDR:MCE).

Key coverage:

According to a press release, the contract extension with the Playtech subsidiary will be effective until late 2022 and covers the Nicosia-headquartered company’s online facilities and retail presence in Colombia, Panama, Mexico and Spain. More than 9,000 retail tills and betting terminals are included, with that number expected to grow in the months to come.

Renewal of the partnership demonstrates the growing demand for Playtech BGT Sports’ product offering and leadership in key regulated markets such as these.

Extensive POS:

Included in the new offering are unique features and exciting content that will help facilitate Codere’s delivery of an immersive journey for players that combines information and the latest sporting events with thousands of betting opportunities, both pre-match and in-play.

In addition to online gaming, Codere’s offering in Spain includes over 2,600 retail points of sale (POS), ‘locations where transactions are carried out, including 77 LBOs.’ The company’s Codere Apuestas brand is professional football club, Real Madrid’s, official sports betting partner.

“an engaging customer experience”

Commenting on the extended partnership, Chief Executive Officer for Codere SA, Vicente Di Loreto, said…

“We’re very pleased to have extended our deal with Playtech BGT Sports, which is amazing news for our growing business across Spain and Latin America. Choosing Playtech BGT Sports allow us to provide both great content and an engaging customer experience.”

Grow customer base:

Also offering feedback on the renewal, Chief Commercial Officer for Playtech BGT Sports, John Pettit, said…

“We’re very excited to have concluded a deal with Codere which will see us distribute our products to them across retail and digital in both Spain and Latin America for another four years.

“We know the type of user journey we can provide, combined with the range of betting events and markets, and ability to build accumulator bets has driven additional margin for them in multiple markets and we look forward to helping them grow their customer base and performance levels even further,” explained Pettit.

Paddy Power Betfair extension:

Late last month, Playtech BGT Sports inked a multi-year extension to continue supplying Paddy Power Betfair with software for the operator’s collection of self-service betting terminals offered at Paddy Power-branded retail locations spread across the United Kingdom and Ireland.