Online Casino News From Around the Globe

Atlantic City Welcomes Opening Of Two Former Casino Landmarks

The revival of Atlantic City has started with the overall upturn in online gaming revenues in the state of New Jersey over the last year. As we have reported over the last 12 months online gaming revenues have sored year-on-year and are set to continue with the legalization of sports betting in the Garden State. Atlantic City was in a deep slum due to many of its state casinos going belly up. One of the major reasons for the upturn is the openings of two new casinos which are open for  “soft-play” on Monday. The Ocean Resort Casino and the Hard Rock were tested in order to evaluate how their technologies and casino equipment are working before the official grand opening scheduled for Thursday. The soft-play period is open to relatives of casino employees and invited friends and is expected to run from Monday till Wednesday. While it is still early, the signs are positive according to director of State Division of Gaming Enforcement David Rebuck who late Monday reported no serious issues had arisen. Many will remember the Hard Rock as the former trump Taj Mahal Casino which was revamped form the core. In October 2016 the Taj Mahal was closed due to a strike between the casino owner and the casino worker’s union. Ocean Resort is the former Revel Casino which was only open for two years before it also was shutdown in September...

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FOBT Crackdown Set To Be Delayed Till April 2020

There are few topics in the UK gambling industry or in politics in general that attract more controversy and debate than that of the fixed odds betting terminals or what have been dubbed the “crack cocaine“ of gambling. We have reported on the attempts to crackdown on these machines in the past few years which recently came to a head with the pledge by ministers that the maximum stake on FOBTs will be drastically cut from £100 to £2. All the opponents and campaigners against FOBTs were delighted but it seems celebrations were a little premature as it now appears that the crackdown will only come into play in April 2020. This has led to Philip Hammond being described as “morally reprehensible” and his decision as “indefensible”. In addition the All-Party Parliamentary Group on FOBTs have launched an inquiry and have made demands that the new restrictions come into force next April. The Chairman of the group Labour MP Carolyn Harris said,” When the harm being caused by FOBTs to families and communities is taken into account, this proposal to delay implementation by two years is indefensible. It is now 600 days since the Government began consulting on this issue, and over £3billion has been lost, often by the most vulnerable in our society.” FOBTs have been blamed for targeting the most vulnerable members of society who are facing increasing risks of gambling addiction. The Government have consistently reiterated their stance that they do not oppose a reduction in maximum stakes but there needs to be responsible engagement with the industry in order to ensure that these technological changes can be...

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DraftKings Signs Sports Betting Deal with Kambi Group

Daily fantasy sports operator DraftKings has made another move to become a major player in the US sports betting Market following their deal with Resorts Atlantic City in New Jersey that was announced earlier this month. DraftKings have announced they will be entering into a sportsbook partnership with Kambi who will supply various sports betting technology and services to DraftKings. CEO of Kambi Kristian Nylen commented on the new partnership and said, “I am delighted Kambi has been selected to partner DraftKings as it enters the sports betting market. The Kambi technology is unique in that it empowers operators to innovate and create differentiated sports betting experiences, providing the flexibility which will be crucial in the developing US market.” It is worth noting that Kambi was part of the Kindred group and it was rumored to have been interested in acquiring DraftKings much like Paddy Power Betfair did with FanDuel. For the moment though it seems that DraftKings are attempting to raise money on their own as we reported. This latest partnership between DraftKings and Kambi follows a similar deal that Kambi closed with Rush Street Interactive. It is also wort noting that the deal will also apply in all other states that DraftKings intends to offer legal sports...

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CashBet Raises $38m for First Global Crypto-Ready Mobile Platform

We have reported extensively on the rise and fall of crypto currencies over the last few years. The volatility and of virtual currencies like Bitcoin have attracted more than just gamblers and the overall consensus is that this sector is not merely a temporary fad but is set to grow and become a major market in the online casino industry. One of the leading players in this emerging market is that of CashBet who have just raised $38m to develop the first global crypto – ready mobile gaming platform. According to the Channel Islands registered CashBet, their initial coin offering (ICO) is the largest of its kind to date and included people from over 100 countries around the globe who assisted CashBet to reach its hard cap of 142,975,000 tokens. The purpose of integrating into a crypto-based casino is clear as it will allow operators to save money on transaction fees as well as offer increases transparency. CEO and co-founder of CashBet Mike Reaves commented on the successful ICO and said,” The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions, We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.” CashBet’s current partners include English premier League Arsenal football club, lottey.com, Greentube and Imperial...

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New Jersey Records Another Record Breaking Month For Online Gaming Revenues

Online gambling revenues in the state of New Jersey have seen record numbers in the last few months. This pattern is set to continue and grow even further with the introduction of sports betting in the Garden State. According to the latest figures from the New Jersey Department of Gaming Enforcement online casino and poker revenues generated $24.3 million for the month of May. This is the second highest month for New Jersey and follows the record $25.6m reported in March. Internet gambling now stands at $116.9 million for the year which is an increase of 15.55 from the same period last year. The top casino earner again was the Golden Nugget who passed the $8 million mark for the third consecutive month. May saw reported revenues of $8.6m for the Golden Nugget which is a massive increase of 45.4 percent year-on-year. Borgata came in second place with $4.6 m for May which is a 31% increase from the same period last year. Caesars recorded $4.1 million in May which is a 12.4% increase from the same period last year. With the PASPA decision overturned by the Supreme Court, online sports betting is expected to be available in the coming weeks for New Jersey residents which will boost casino revenues. The Resorts AC has signed a deal with DFS operator DraftKings to run its sportsbook which will certainly give a boost to revenues on the long run. Added to that Ocean Resorts Casino is also set to start offering sports betting that will be powered by William...

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William Hill “Inundated” By Sponsorship Requests In the US

There are very few gambling insiders who would have predicted that sports betting would become legal in the US. The efforts of the State of New Jersey over the last few years in various courts were epic and now it has resulted in a “gold rush” for what many believe will make the gambling industry revenues look like small change. The amounts wagered by US sports betting fans have been well documented by our team in the last few years. The billions wagered were mostly illegal until now but the groundwork has been set for each state to introduce legislation that will enable a quick launch. One of the major winners of the PASPA decision is William Hill who according to the US CEO Joseph Asher is now being inundated with approaches from major US Sports teams regarding potential sponsorship deals. Asher claims to have received many calls and emails from major sporting franchises that are looking to cement sponsorship deals. He said,” The leagues and the teams are interested in doing commercial deals.” William Hill have got off to a quick start in this market as they are set to provide that platform for New Jersey at Monmouth Park. William Hill have been operating in the US for nearly as long as online gambling became legal and are expected to be one of the major players in the sports betting...

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