Online Casino News From Around the Globe

South Africa Set to Impose Stricter Gambling Regulations

South Africa has long had a tough stance on gambling. Minister of Trade and Industry Rob Davies has officially tabled the National Gambling Amendment Bill which has existed in various forms since 2016. In terms of the amendments several changes will be implemented which include a change to the current gambling laws as well as changes to the current gambling structure. Some of the key changes include changing the National Gambling Board to become the National Gambling regulator. Transferring the regulation of bets on the national lottery, foreign lottery and sports pools to a national Lotteries Commission. Regulation of casinos would be strengthened to include limiting payout machines and bingo as well as limiting the number of bingo licenses that will be granted nationally. Other measures include banning dog racing and bets on dog racing in South Africa. In the horse racing industry a self-regulating body will be put in place as well. Gambling premises will also be subject to restrictions that include separate and hidden entrances for gambling areas located inside public spaces like shopping malls and complexes. Black empowerment will also be provided for in the gambling industry with an emphasis on individuals applying for gambling licenses. In terms of advertising there are also restrictions proposed in the bill. South Africa has been a steady increase in GGR with gambling which has been by increased by “smartphone penetration improved awareness of sportsbook brands, increased mobile data availability and the ability to conveniently transact from a smartphone.” Estimates are that South African GGR will grow by 24% this...

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SBTech Cements Key partnership With Golden Nugget Casinos

There is no doubt that one of the key players in the emerging US sports betting market is SBTech. As we have reported they have already cemented some key partnerships already including Churchill Downs Incorporated and Resorts Casino Hotel. The landmark Supreme Court decision that saw the repeal of PASPA has resulted in the biggest boom in the US gambling market for decades. In another significant move SBTech have announced they will be integrating their sportsbook into the Golden Nugget Casinos’ excising igaming platform in New Jersey. This will provide a full sportsbook betting solution for the company’s land based businesses both in Mississippi and New Jersey. As part of the partnership SBTech have designed a bespoke trading strategy and non-pooled risk management system which will allow the Golden Nugget casino to offer unique pricing for all U.S. sports. In addition the front end has been specifically customized for Golden Nugget Casinos which will ensure maximum differentiation from their competitors. Stringent responsible gaming infrastructure has also been put in place in order to ensure that SBTech meet all regulatory requirements in both states. SBTech CEO Richard Carter commented on the latest partnership,” I’m very pleased to confirm our latest strategic partnership with a major U.S. operator. Golden Nugget fully shares our vision of leveraging the power of innovation to achieve sports betting success, and as the U.S. market matures, I’m confident of the potential for further collaboration in multiple jurisdictions. SVP and GM at Golden Nugget Thomas Winter was equally delighted at the new partnership and said,” Since sports betting is a critical component of our successful expansion for online betting and gaming in the U.S., SBTech persisted through our arduous review process. In the end, we knew SBTech was the right partner for us because of its industry-leading retail and online technology, their significant and diverse regulatory experience as well as its innovative product-driven...

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Macau Gambling Revenues Increase 12.5 Percent for Month of June

The recovery of the largest gambling hub in the world Macau continues. Figures releases from the Gaming Inspection and Coordination Bureau reported that gross gaming revenues increased 12.5 percent year-on-year in Macau to reach $2.8 billion for the month of June. This represents the 23rd consecutive month of revenue growth after the much talked about Chinese crackdown on corruption that started in 2014. This 12.5 percent increase was however way lower than the 18 percent forecast by analysts which resulted in share prices of Sands China, Wynn Macau, Melco International and Galaxy Entertainment falling. While Macau has succeeded in stabilizing the gambling market and making the former Portuguese colony less dependent on gambling, they will face competition from Japan who have passed the integrated resort implementation bill in the country’s lower house. All that is required is for the legislation to pass the upper house and this would result in legalization of regulated casinos in...

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Delaware Casinos Reporting Good Returns On Sports Betting

While its early days still the sports betting market in the US has got off to a flying start. The state of Delaware was the first to offer legal sports betting outside Nevada with their three state approved casinos. According to figures released by the Delaware Lottery the sports betting handle has generated just over $7m in the first 20 days which is a very good start to what is expected to be a lucrative market. As we reported Delaware already had legislation in place for the legalization of sports betting which enabled them to be the first US state outside of Nevada to offer sports betting. According to the figures released the three state operators held $1m of the $7m wagered which represents a win rate way above the average 5% reported by most books. Delaware’s Lottery’s parlay sports betting offering which is powered by Scientific Games took in $125k from vendor fees from these winnings. Following them were Dover Downs Hotel & Casino and Harrington Raceway that accounted for $1.18m and $590k...

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Bet365 Enters US Sports Betting Market With Hard Rock AC Casino

Following other international gambling operators. Bet365 has become the latest to stake their clam in the New Jersey sport betting market. It was confirmed that they have entered into an agreement to launch a sports betting service with the Hard Rock Casino in New Jersey. The New Jersey Division of Gaming Enforcement has approved a request between bet365 and Hard rock Casino which will come into play on July 21. This partnership comes less than 2 months after the landmark US Supreme Court decision that opened the doors for New Jersey to operate sports betting within the state. As we have reported the list of operators already in the process of entering the US market is growing by the day. These include DFS giant DraftKings who signed an agreement with the resorts Casino and William Hill who will partner with Ocean Resorts. The new sports betting market in New Jersey is a welcome relief after years of problems that led to Atlantic City closing down may of their casinos. The situation now is one few expected in that major global gambling companies are tripping over each other in order to get a foothold in the New Jersey market. The potential revenues for casinos with sports betting are huge and it comes as no surprise that the biggest and most trusted operators are signing...

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