Author: David Randall

Last month, the North Carolina State Lottery Commission endorsed 11 March as the launch date for online sports betting in the state. However, players can register for accounts and deposit funds starting from 1 March. This decision was not unexpected. When North Carolina’s governor, Roy Cooper, ratified House Bill 347 on 14 June last year, he also outlined a timeline for its execution. The bill necessitated that North Carolina formulate sports betting regulations by 8 January 2024, and state operators must begin accepting wagers by 14 June 2024. Speculation intensified recently after the Commission set a deadline of 26 January…

Starting from September, the regulations signify the inaugural implementation of maximum stakes for online slots within the UK. The government lauded this announcement as a “landmark” moment for online gambling regulation. Commencing this September, stake limits will take effect following secondary legislation. A six-week transition period will be instituted for operators to adhere to the £5 stake limit. Subsequently, another six-week period will facilitate any necessary technical adjustments to ensure operators’ full compliance with the reduced stake limit. The decision to impose stake limits stems from a 10-week consultation period, during which the government noted widespread agreement among respondents regarding…

Better Collective, a leading digital sports media group, reported a 21% increase in revenue for 2023 compared to the previous year, surpassing its earnings target of €315m-€325m. Recurring revenue also saw a substantial rise of 47%, reaching €189m. The company observed a 31% growth in EBITDA before special items, amounting to €111m, aligning with its objective range of €105m-€115m. The EBITDA margin stood at 34%, consistent with the group’s target range of 30%-40%. Jesper Søgaard, Founder and CEO of Better Collective, commented, “In 2023, a great team effort across the group secured a prosperous year marked by profitable growth, all…

2023 witnessed a 10% increase compared to 2022, amounting to $66.44 billion, marking a notable surge from the $53 billion collected in 2021. The impressive figures were bolstered by a remarkable fourth quarter, with an unprecedented quarterly revenue of $17.4 billion and a record $6.2 billion generated. Land-based casinos maintained their robust performance, achieving a record Gross Gaming Revenue (GGR) of $49.4 billion in 2023, a 3.3% rise from the previous year. Nineteen out of the 27 traditional gaming markets recorded their highest-ever annual revenue. Sports betting also exhibited significant growth, with a record handle of $119.8 billion and revenue…

Seamus McGill assumed the helm at the online gambling solutions provider last September, succeeding long-time leader Dermot Smurfit. Nasdaq-listed GAN affirmed that McGill will retain his position on the company’s board of directors, concentrating on finalising its £87.7m/€100.8m acquisition by Sega Sammy Holdings. “Seamus has the full backing of the board of directors, and we are confident that his experience and leadership make him the most qualified candidate to be GAN’s next CEO,” stated David Goldberg, GAN’s chairman. “Seamus has been with the company since 2014 and has a deep understanding of GAN’s products, customers, and strategy. On behalf of…

Adam Bell QC, renowned for spearheading the initial Bell inquiry, has been tasked with conducting the follow-up investigation, dubbed Bell Two. Commencing today, on the 19th of February, the inquiry is scheduled to span 15 weeks, with the final report due by the 31st of May 2024. Philip Crawford, the chief commissioner of the NICC, remarked that the second Bell report would scrutinise Star’s endeavours to enact the recommendations outlined in the inaugural Bell inquiry. He stated, “Bell Two will revisit the findings of the original Bell report and assess The Star’s endeavours to regain its casino licence against that…

StarGames.de, a leading online gaming provider in Germany, has teamed up with this year’s International ADAC Truck Grand Prix, promising an adrenaline-fueled extravaganza of entertainment. As a primary sponsor, StarGames’ branding will be prominently featured around the historic Nürburgring motorsports complex from the 11th to the 14th of July 2024, including the main stand. The online gaming provider will also host a stand in the festival area, offering fans the chance to spin a wheel of fortune for various special prizes. Attendees of the exclusive area will not only have the opportunity to win prizes but also to meet StarGames’…

Instant Win Gaming (IWG), a prominent provider of eInstant games to NASPL and WLA-member lotteries, has re-launched with the Georgia Lottery Corporation following the successful integration of its InstantRGS (remote game server) with IGT’s iLottery platform. This development strengthens the enduring partnership between IWG and IGT, with the Georgia Lottery, and importantly its players, poised to benefit from IWG’s stream of InstantGames innovations which will complement the eInstant portfolio provided by IGT. IWG’s well-received Cash Expander game marked the inaugural eInstant offering. The Georgia Lottery iteration has been tailored to resonate specifically with Georgia players. The launch with the Georgia…

The Alabama House of Representatives has given the nod to two bills on Thursday, charting the course for an extension of commercial gambling within the state. Sponsored by Rep. Chris Blackshear, Bills HB151 and HB152 await further scrutiny in the state’s upper house. The former, earmarked as a constitutional amendment, necessitates public endorsement and is slated for inclusion on the November ballot. Governor Kay Ivey, whose approval is pivotal, remarked on Thursday that the bills “in their current form” enjoy her backing. “The proposal passed by the House will clean up and crack down on the rampant illegal gambling and…

Lottery.com, based in Austin, has declared a strategic acquisition, the financial intricacies of which remain undisclosed, heralding an immediate rebranding. SportLocker, associated with Saudi Arabia’s burgeoning sports initiatives, had previously outlined plans centred on club acquisitions, sponsorships, and media partnerships, particularly focused on UK football and the US Major Soccer League (MSL). Lottery.com, in a statement, announced its acquisition of S&MI, the proprietor of SportLocker, through a stock-based agreement. This development follows recent disclosures concerning the issuance of 20 million shares, amounting to $100 million, alongside “a substantial expansion” in fundraising, with commitments from both new and existing investors escalating…