Author: Staff Writer

In November, Arizona’s sports betting handle surged to impressive heights, reaching $705.7 million, marking a remarkable 10.1% increase compared to the previous month’s record of $648.2 million in October 2023. This remarkable performance not only outshone the state’s previous record of $690.0 million in March 2022 but also represented a substantial 15.7% increase over the handle of $616.9 million recorded in November 2022. The betting landscape in Arizona witnessed a dynamic split between online and retail sportsbooks, with a staggering $705.7 million wagered online and a more modest $6.1 million at retail locations. Furthermore, limited event wagering operators contributed an…

In a recent Form 8-K submission to the US Securities and Exchange Commission, Caesars Entertainment disclosed preliminary financial data for the fourth quarter of 2023, covering the period ending on December 31st. The report presents a range of estimates for various key performance indicators, providing insight into the company’s overall performance. Caesars forecasts group revenue for the fourth quarter of 2023 to be in the range of $2.82 billion to $2.84 billion, surpassing the adjusted revenue of $2.77 billion reported in the same period in 2022. Notably, this adjusted figure accounts for the subtraction of revenue from the Rio All-Suite…

Strive Gaming, led by President Damian Xuereb, may not have been a first mover in the US market, but it has gained valuable experience as the market approaches its sixth anniversary. Established three years after the first bets were placed post-PASPA, Strive has closely observed what works and what doesn’t in the US betting landscape. One of Strive’s key advantages is its understanding of the state-by-state nuances in each market, allowing it to build a product that not only caters to the current state of affairs but also anticipates future requirements as it expands into more states. This forward-thinking approach…

The North Carolina State Lottery Commission has given the green light for the launch of online sports betting in the state, with players able to start registering accounts and funding them as of March 1, 2024. This announcement comes just in time for the highly anticipated March Madness, the National Collegiate Athletic Association’s (NCAA) annual college basketball tournament, which is a prime time for sports betting enthusiasts. The speculation surrounding North Carolina’s go-live date escalated earlier this month when the Commission established January 26 as the deadline for operators to submit their proposed internal controls. Approval of these internal controls…

Two California ballots aimed at legalizing sports betting were abandoned on Monday due to strong opposition from tribal groups in the state. Eagle1 Acquisitions Corp, the group supporting one of the propositions, made several amendments to its ballot initiative in December in an attempt to gain tribal support, but these efforts proved unsuccessful. The proposed legislation, known as the Sports Wagering Regulation and Tribal Gaming Protection Act, was introduced in October and sought to allow legal sports betting in the state. I f approved, it would have amended Article IV, section 19 of the California constitution, granting tribes exclusive rights…

In November 2023, Better Collective, a prominent affiliate in the gaming industry, announced its agreement to acquire Playmaker Capital for a total sum of €176 million (£151 million/$192 million). The transaction had been slated for closure in the first quarter of 2024. Subsequently, with resounding support from Playmaker Capital’s shareholders, the deal has inched closer to its anticipated fruition. Astoundingly, an overwhelming 99.999% of all votes cast were in favor of the acquisition, with a mere 0.001% opposed. Nonetheless, the acquisition still awaits approval from the Ontario Superior Court of Justice and the Canadian Minister of Heritage, along with meeting…

Betr, a prominent player in the online gaming industry, has recently inked deals that are set to significantly expand its presence in the United States. These strategic agreements cover Pennsylvania, Colorado, and Kentucky, representing substantial growth opportunities for the company. In Pennsylvania, Betr has solidified a partnership with the Cordish Gaming Group, an arm of The Cordish Companies renowned for its resort and gaming operations across several states. Pending regulatory approvals, Betr will introduce its Betr Casino product to Pennsylvania players. Rob Norton, President of Cordish Gaming Group, expressed excitement about this collaboration, emphasizing how Betr Casino would enhance the…

Daniel Finch has been appointed to oversee the operations of the forthcoming Star Brisbane casino, currently under relocation to a new site and set to open its doors in August. With over nine years of experience as the Managing Director of Expedia Australia, Finch brings a wealth of expertise to his new role. He has also served in directorial and executive positions for Asia-focused travel websites. Prior to this, he worked in sales roles at Sofitel Brisbane Central and the Constellation Hotel Group. His career began with roles at the Carlton Crest Hotel Brisbane and the Millennium Mayfair London. Expressing…

The New Year begins with the unveiling of the fourth market analysis in our Slot Trumps Player Behavior series, focusing on the exclusive player preference data from Colombia, the second Latin American market we have explored. One striking trend emerges immediately: Colombian players exhibit the lowest average bets on slots among all the markets in our series. In Colombia, only 5% of the top 20 games have an average bet exceeding €1. This figure is significantly lower than the global average spend per spin within our SlotMatrix portfolio, which is the industry’s largest games aggregator. Comparing Colombia to Brazil, another…

Fanatics Sportsbook and Casino has embarked on a two-day soft launch in Pennsylvania, closely overseen by the Pennsylvania Gaming Control Board. Notably, this launch comes with no restrictions on customer sign-ups or playtime, offering an open door for enthusiasts. This new offering from Fanatics marks its presence in the 11th US state, adding to its sportsbook presence across the nation. Pennsylvania becomes the second state to welcome its casino element after West Virginia. In a noteworthy development, PointsBet customers had the opportunity to migrate their accounts to the Fanatics Sportsbook app, albeit only on the day of the release. Headquartered…