PointsBet has launched its online sports betting platform in New Jersey, had become the ninth operator to enter the legal New Jersey sports betting market. PointsBetting is essentially a high-risk form of spread-betting that rewards players with more money.

The company explained how PointsBetting works: “If a user bets $10 on the over, and the total ends 10 points over, that nets users $100. Stop-loss settings are able to be set by a bettor if they wish to limit their win and loss position. Users will still be able to make fixed odds wagers, which give a simple win-or-lose scenario.”

New Jersey residents can access PointsBet in web browsers via PointsBet.com or by downloading the PointsBet mobile app for Android or iOS.

Johnny Aitken, PointsBet US CEO said: “We’re extremely excited to bring PointsBet’s premium and game-changing sportsbook and signature betting options to the US.

“By offering some of the world’s sharpest betting offers and prices, we have the back of all sports bettors, no matter how sophisticated they are, and we’re serious about offering a one-of-a-kind VIP betting experience.”

PointsBet is also partnered with Tioga Downs Casino in New York and will launch sports betting operations in New York if the state moves to legalise sports betting.

Portuguese casinos reported an improved performance (3.1%) with more than €318 million in revenue last year. The biggest threat for the thriving casino industry is – probably – the online gambling segment.

During 2018, Stanley Ho’s Estoril-Sol continued to lead the casino industry with annual turnover of nearly €197 million rising 2.4% year-on-year. Solverde Group saw the highest increase from 2017, as it grew 4.8% year-on-year through the €93.6 million revenue.

All the other casino operators in the country, except the Pestana Group, also reported improved performances in 2018. The Pestana Group shows a decline in its revenue by 3.1% last year, to a total €8.4 million.