Online Casino News From Around the Globe

HRI Signs Platform Deal with Malta Based GIG for New Jersey Online Casino

The New Jersey online gambling market has seen steady progress in 2017 with over $245 million generated in online revenues. While still way off the initial projections at the start of online gambling in New Jersey, the Garden State is seems is the only real online gambling market in the U.S. today. New Jersey is seen as a gateway to the potentially huge U.S. market and many international operators are eagerly looking to enter this market. One such partnership just announced is that of Hard Rock International (HRI) who have announced a partnership the Gaming Innovation Group (GIG) for a New Jersey casino. HRI in a formal announcement and after much speculation said that they has signed a deal with the Maltese based GIG who will provide the platform for their new online casino brand in the Garden State which will be launched sometime this year. The formal announcement came after much was said about the HRI applying for an online casino gambling licence without naming their platform provider. GIG’s venture with HRI takes them away from their traditional UK and Nordic markets and opens the way for a significant US entry. HRI’s SPV of online gaming Kresimir Spajic commented on the deal and said they have an ambition to become a global leader in the international gambling space and that with GIG they plan to “disrupt the market through product innovation and unique user experience.” CEO of GIG Robin Reed was equally chuffed at the partnership and said that  HRI’s declared vision of creating a global online gambling brand was “ inspiring and innovative” and that the new casino would represent the Hard Rock music, entertainment d lifestyle...

Read More

DraftKings Confirms Working On Real Money Sports Betting Product

The possibility of sports betting being legalized in the U.S. has resulted in a flurry of eager companies looking to cash in on what could be a multi-billion dollar industry. The daily fantasy sports giants like DraftKings have always claimed that their product stands alone on its own merits and has nothing to do with real money sports betting. In this respect they are very much like social casino giants like Playtika who also defend themselves from claims that they are preparing the groundwork if and when real money gambling becomes legal on a federal level. Many critics have accused them of offering nothing less than another form of real money sports betting or gambling. It now seems that this theory might have some truth as CEO Jason Robins has confirmed in an interview with Recode that DraftKings are building a sports betting product. Robins said that they are in the process of building a sports betting product if and when sports betting is legalized in the US. Like many others Robins believes that it is always a question of when it’s going to happen and not if and that they will be prepared for this eventuality. Currently sports betting is only legal in a few states like Nevada but Americans gamble billions on major events like the Super Bowl and mainly through illegal channels. Responding to critics Robins tried to evade the obvious hypocrisy of them looking into real money gambling and said, ”I guess there’s always some worry there, but they’re two different products. Any company that is going to become big generally has to expand into multiple products and we’ll be no different.” The exact release ate of the product has yet to be...

Read More

PM Theresa May Confirms There Will Be Cuts On FOBT Maximum Stakes

Following earlier reports by Culture Secretory Matthew Hancock that maximum stakes for FOBTs will be cut to possibly £2, Prime Minster Theresa May has confirmed there will be cuts but did not confirm the exact amount. At Prime ministers questions, Tory Minister John Hughes urged PM May to reduce the maximum stake allowed on these machines that are dubbed the “crack cocaine of gambling”. In response May confirmed that the government would do so but did not give any more details as to the level of the cuts. She said that was clear that the takes on FOBTs will be cut in order to ensure a safe and sustainable industry where children and the vulnerable are protected. She went on to say that the consultation process by the Department for Digital, Culture, Media and Sport did close this week and a final decision is expected soon. May emphasized the that the government will base their decision on the best information possible after all the potential threats and dangers have been considered. Hayes said what many anti-gambling voices have been preaching for years in that the FOBTs are a “social blight” that cause devastation, debt and...

Read More

NBA Layout Their Conditions For Supporting Legal Sports Betting Framework

The hypocrisy of the largest sports bodies in the U.S. like the NBA is staggering. As we have reported in the last few years the NBA Commissioner Adam Silver has being doing verbal acrobatics that would not embarrass any seasoned politician. While at first stating their concern that legalized sports betting would corrupt the integrity of the games, he has since seen the light and said on various occasion that he believes that legalization is inevitable and it’s best to go with the flow. The latest update to their policy is even more eye opening as League Attorney Dan Spillane told New York Legislators that the NBA would have no problem with sports betting legalization as long as the NBA gets their cut. According to their proposed legal framework for sports betting, gambling operators would have to pay a 1% “tax” on the total amount of money bet on games which would generate huge amounts of money for the NBA, NFL and other major sports leagues. Not to give the impression that the NBA were only concerned about getting a cut of the huge pie, Spillane also laid out other stipulations which they would require if they are to support a legal framework for sports betting in the U.S. These include protection against problem gambling, age restrictions and a framework that would allow leagues to restrict wagering on any of their events. Spillane told the New York state’s Senate Committee for racing, gaming and wagering that they have ,” studied these issues at length. Our conclusion is that the time has come for a different approach that gives sports fans a safe and legal way to wager on sporting events while protecting the integrity of the underlying competition.” All eyes are on the Supreme Court who are mulling New Jersey’s challenge to the federal ban on sports betting enacted under the Professional and Amateur Sports Protection Act of...

Read More

Verizon Considering Entering The Real Money Sports Betting Market

The possibility of sports betting being legalized throughout the U.S. has got many potential parties looking to get in on the action early. According to reports the latest mega company mulling an entry into the multibillion dollar sports betting market is Verizon Communications. The New- York based communication giant has already purchased Yahoo last year along with their fantasy sports business. They are reportedly already in consultation phase with consultants to evaluate the potential for a real any gambling venture if and when the current federal laws change. Chief Financial Officer of Verizon Matt Ellis commented on the reports and said,” There are some changes coming that we pay attention to. We stay close to that to see how it would affect our asset and how we may choose to respond. I’ve not looked at anything in detail. If someone has an idea around it, I’ll look at it like any other. But we are not getting ahead of ourselves there.” While remaining uncommitted Verizon is looking to expand their current business with potential growth markets which real money gambling certainly can fill the bill. With over 100 million subscribers as well as 1.3 billion users from Yahoo, and tens of millions using Yahoo’s Fantasy sports product they are in a prime position to enter the gambling market. The size of a regulated U.S. sports gambling market could be as much as $15.8 billion in revenues according to a study by Eilers & Krejcik Gaming. It is estimated that currently over $245 billion is wagered on black market...

Read More
Page 20 of 218« First...10...1819202122...3040...Last »