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Gambling in the USA

Gaming Americas Weekly Roundup – March 22-28

Niji Narayan

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Reading Time: 3 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Full House Resorts Inc. has announced the name and branding of its luxury hotel and casino project in Cripple Creek, Colorado: Chamonix Casino Hotel. Chamonix is located near Full House’s existing Bronco Billy’s Casino. This new project will feature approximately 300 four-star guest rooms and VIP suites as well as a spacious, new, elegant and exciting casino gaming area.

BetMGM has launched BetMGM Poker in Michigan. Michigan joins New Jersey as the second state in the US to introduce BetMGM Poker, the company’s primary online poker offering powered by the partypoker US network. This news follows the January launch of BetMGM’s online sports betting and casino offerings in Michigan. The BetMGM Poker app is now available for download in Michigan on both iOS and Android and accessible via desktop at https://poker.mi.betmgm.com.

Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has secured a $150 million investment from Great Hill Partners. The investment will accelerate Jumio’s significant global lead in the digital identity space by devoting additional resources to automate its identity verification solutions, expand the breadth of the Jumio KYX Platform and grow its suite of AML compliance services.

Golden Matrix Group has filed with the SEC to raise up to $10m in an initial public offering on the Nasdaq. The company is currently listed on the OTC. Golden Matrix was founded in 2008 and booked $4 million in revenue for the 12 months ended 31 October 2020. It plans to list on the Nasdaq under the symbol GMGI. Kingswood Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.

Simplicity Esports and Gaming Company has announced that it has received a record number of applications submitted via its wholly-owned subsidiary, PLAYlive Nation’s website, from potential franchisees interested in purchasing new franchise territories and opening Simplicity Esports gaming centres. New franchisee applications include disclosure of financial information, desired territory and business background.

The state of Connecticut has reached a deal with its two federally-recognised Native American tribes to provide online gambling and sports betting. The deal will tax online gaming at 18% for the next five years, then up to 20%. Sports betting will be taxed slightly lower. The Connecticut lottery will also be allowed to open a number of sports betting outlets, including venues in Bridgeport and Hartford.

Partnerships

GAN Limited has entered into a deal with Gila River Gaming Enterprises to provide Simulated Gaming solutions to Gila’s patrons across all properties on both desktop and mobile. Gila operates three casinos in Arizona on behalf of the Gila River Indian Community: Wild Horse Pass in Chandler, Vee Quiva in Laveen Village and Lone Butte in Chandler. The customised solution is powered by GAN’s core Simulated Gaming software and provides meaningful marketing, brand building and revenue opportunities for both operators and GAN.

Enthusiast Gaming has signed an integrated partnership deal with TikTok, the leading destination for short-form mobile video. TikTok will leverage Enthusiast Gaming’s vast platform of video game and esports fan communities to help drive adoption and bridge the integration of TikTok within the gaming and esports industry. The partnership sees a variety of activations set to be rolled out across Enthusiast Gaming’s platform, such as product and logo placement, promotional activity with influencers and social media, as well as the production of media content.

FYX Gaming has partnered with leading esports betting operator Unikrn. The deal will see the two leading esports companies collaborate to deliver next-generation iGaming products and technology. Headlining the partnership is the inclusion of CryptoFights — a skill-based strategic fighting game and the flagship title for the FYX platform — on Unikrn Virtual, a proprietary gaming product offered by Unikrn that uses historical esports match data to power a non-stop stream of content coupled with live betting markets.

Allied Esports has partnered with Xsens to bring live animated casters to a professional esports tournament production for the first time. Through the use of Xsens’ MVN motion capture systems, Allied will transform its tournament casters into animated characters. The exclusively designed live motion avatars will provide fans with a fun and engaging viewing experience specific to the game being played and create unique, innovative opportunities for brand and product integration.

Acquisitions

XLMedia has entered into an agreement to acquire the business and assets of Sports Betting Dime for about $26 million. The company also announced plans to raise a minimum of about £20 million via a placing and a subscription and up to a further £3 million in an open offer. The net proceeds of the fundraising will be used mainly to finance the SBD purchase.

Lottery.com has entered into a binding agreement to acquire Mexican lottery companies JuegaLotto and Aganar. JuegaLotto is federally licensed to sell international lottery games in Mexico through an authorised federal gaming portal and is licensed for games of chance in other countries throughout Latin America. Aganar is licensed to sell Mexican National Lottery draw games, instant win tickets and other games of chance online with access to a federally approved online casino and sportsbook gaming license.

Gambling in the USA

Gaming Americas Weekly Roundup – April 5-11

Niji Narayan

Published

on

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and compliance updates. Read on and get updated.

Latest News

Scientific Games has launched Mural cabinet, the most visually dramatic gaming cabinet in the company’s range of industry-leading products. The Mural cabinet captures the imagination with its stunning dual 55-inch, 4K resolution curved display, immersing the player in the game and creating an eye-catching attraction on the casino floor. Following the successful launch of Kascada, the next generation of the top-selling TwinStar J43 cabinet, the Mural cabinet’s massive display takes the evolution of Scientific Games’ cabinet building prowess a step further.

Sinclair Broadcast Group and Bally’s Corporation have formally rebranded Sinclair’s regional sports networks as Bally Sports. The rebrand comes on the heels of the November 2020 announcement of the enterprise-wide, long-term strategic partnership between Sinclair and Bally’s.

Scientific Games has launched its online iLottery subscription programme, Subscription Spot, for its longtime Canadian customer, Western Canadian Lottery Corporation. Subscription Spot is available via the WCLC website and is the first instance of a true digital offering for players, allowing the online purchase of lottery games and creating a pathway to digital modernisation with a larger online presence for the lottery.

New Partnership

BetMGM has become an official gaming partner of the Detroit Tigers under the terms of a multi-year sponsorship agreement. Highlights of the sponsorship deal include BetMGM branding on scoreboards throughout Comerica Park, fan-focused promotions, integrated social media content and more.

New Acquisition

Simplicity Esports and Gaming Company has acquired the assets of a gaming centre previously owned by a PLAYlive Nation franchisee in Vancouver. The gaming centre was originally opened in 2013 and has a database of over 17,000 unique customers. The venue is expected to reopen in mid-April.

Compliance Updates

The Brazilian authorities have launched an inquiry aimed at banning loot boxes in the country, on the recommendation of the National Association of Child and Adolescent Defence Centres. The association argued that randomised monetisation mechanics are a form of gambling, which is illegal in Brazil. The inquiry targets companies that sell loot boxes, including Activision, EA, Konami, Nintendo, Riot Games, Ubisoft, Tencent and Valve. If the ban is approved, Brazil could fine violators up to $706,000 per day.

The state of New York has announced it approved a budget for its fiscal year 2022 that would allow for legal online wagering in the state for the first time. Further reporting from the Action Network and the Buffalo News indicates the plan to implement online sports betting will be some form of a limited-operator model that has been championed by New York Gov. Andrew Cuomo. The Governor said he wants to run the state’s sports betting industry through the New York Lottery, which is run by the government.

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Gambling in the USA

SoftSwiss Sportsbook launches in-play bets for American leagues

George Miller

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SoftSwiss Sportsbook launches in-play bets for American leagues
Reading Time: 2 minutes

 

SoftSwiss announces the introduction of the new functionality on its recently launched Sportsbook solution. Now the platform will allow players to place live bets on the most popular American leagues such as NBA, NHL, NFL, MLB.

The National Basketball Association (NBA), The National Hockey League (NHL), The National Football League (NFL), Major League Baseball (MLB) are some of the most popular leagues which attract audience from all over the world. Previously, American league odds were available only as a pre-match bet option — now it is also provided as a live betting option (in-play betting), diversifying player engagement. As odds fluctuate a lot more frequently with in-play, it brings more variables to the game, whilst also increasing the value delivered when odds drift. The newly extended Sportsbook functionality will be of particular interest to both SoftSwiss B2B clients, as well as their players. The main odds feeds provider behind the platform is the industry leader Betradar.

Alexander Kamenetskyi, Product Owner of SoftSwiss Sportsbook noted: “We are continuously expanding the functionality and enhancing the interface of our product, making SoftSwiss Sportsbook even more versatile, reliable and secure for our clients. With this new in-play bets option SoftSwiss Sportsbook will be able to maximise player engagement, as well as increase interest in the product from the side of operators. Our platform is actively expanding geographically and we would like to thank our partners for their trust”.

SoftSwiss Sportsbook continues expanding its horizons — just since its official launch in December 2020, the solution already signed 5 clients, and is currently in the process of launching several more in April, including third-party clients.

SoftSwiss Sportsbook Platform is an all-in-one solution for managing sports betting operations. The solution comes with full risk management, fraud prevention and high-quality customer support. Sportsbook inherits the company’s extensive experience in the iGaming market and all crucial functionality from the SoftSwiss Online Casino Platform: security, stability, advanced player segmentation, and adaptability to operators’ marketing needs.

About SoftSwiss
SoftSwiss is an international tech brand supplying widely acclaimed, certified software solutions for managing iGaming operations. The company has a vast product portfolio, which includes an online casino platform, game aggregator with thousands of casino games, an affiliate system, and a recently launched sports betting platform. SoftSwiss holds a number of gaming licenses, providing a “one-stop-shop” White Label solutions by taking care of all technical, legal, and financial processes on behalf of its customers. In 2013 SoftSwiss was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

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Gambling in the USA

Gaming Americas Weekly Roundup – March 29-April 4

Niji Narayan

Published

on

Reading Time: 4 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, financial results and new partnerships. Read on and get updated.

Latest News

Playtech has announced that it has entered a long-term lease in Michigan to house its first live casino studio in the US. This state-of-the-art studio will feature Playtech’s best-in-class technology and video capabilities from its flagship Riga studio. The scale of Playtech’s offering means it can offer integrated live content across retail and online channels and across product verticals, delivering live iGaming entertainment never seen before in the US market.

PointsBet Holdings has announced that its wholly-owned subsidiary PointsBet USA and Penn National Gaming have agreed to extend the Online Gaming Services Framework Agreement dated 31 July 2019 to provide PointsBet with online sports betting and iGaming market access in Pennsylvania and Mississippi, subject to enabling legislation and licensure in each of those States. Pennsylvania currently permits online sports betting and iGaming.

Daily Fantasy Sports operator PrizePicks has announced the addition of premier esports titles Call of Duty, Rocket League and Valorant to its marketplace, a major step towards solidifying PrizePicks as the premier fantasy esports operator in North America. PrizePicks already features iconic AAA titles Counter-Strike: Global Offensive (CS:GO) and League of Legends on its platform.

Airwaves Media Group has announced the launch of Airwaves Games Network, a multi-platform esports media and production company dedicated to live esports. AGN was founded by former OGN and CJ executives who produced premiere esports events including the 2019 Clash Royale League World Finals, PUBG Global Championship 2019 Group Stages and 2019 Summoners War World Arena Championships, among others.

Sportnco has taken its first step into the US iGaming market with the launch of the SuperDraft Free SportsBook App. The SuperDraft and Sportnco teams worked in close partnership to develop free-to-play betting product targeted at US sports fans. The app will offer players the opportunity to place bets and learn about sports betting without financial risk.

GAN has published its Q4 and full-year results for the period ended 31 December 2020, with full-year revenue up 17% to $35.2m. Annual Gross Operator Revenue increased by 73% to $545 million year-over-year and real money Internet gaming (RMiG) was up 6% to $25.6 million in 2020. Simulated (SIM) gaming revenue increased 66% to $9.5 million in 2020.

Partnerships

FOX Sports and the New York Racing Association (NYRA) have announced an expanded partnership agreement that establishes FOX Sports as the official wagering partner of NYRA Bets and the leading media provider for elite thoroughbred racing through the next decade. The prior FOX Sports/NYRA media rights agreement provided a FOX Sports subsidiary with an option to acquire a 25% stake in NYRA Bets. The FOX Sports subsidiary will exercise this option by the summer of 2021, pending final regulatory approval.

Simplicity Esports and Gaming Company has signed a two-year agreement to sublicense the Flamengo Esports brand to a team competing in the popular mobile game Free Fire. The licensing agreement includes a minimum fixed fee of $100,000, as well as 20% of all sponsorship and advertising revenue received by the team.

BetMGM has entered into a multi-year deal with Audacy. As per the deal, BetMGM has become the preferred sports betting partner of Audacy across all sports broadcast stations, digital platforms, BetQL app as well as BetQL Audio Network. The key partnership details include integrated content across Audacy’s broadcast sports stations, customer acquisition opportunities and talent endorsements across Audacy’s wide spectrum of local and national sports betting content.

PGA TOUR and theScore have entered into a content and marketing relationship designating theScore Bet as an Official Betting Operator of the PGA TOUR across the US and Canada. As part of the deal, PGA TOUR will begin to incorporate daily odds updates from theScore Bet within the TOUR’s live audio play-by-play, distributed via SiriusXM PGA TOUR Radio and PGA TOUR Digital platforms.

DraftKings and WWE have announced that DraftKings will become an Official Gaming Partner of WWE, subject to regulatory approval in all applicable jurisdictions. The collaboration centers on DraftKings’ popular free-to-play pools product and will launch with an inaugural free-to-play pool at WWE’s two-night pop culture extravaganza, WrestleMania, on April 10 and 11.

New Appointments

Intema Solutions has appointed Leigh Hughes to its newly-constituted advisory board. Leigh brings over 15 years of professional experience in integrated corporate and marketing communications and extensive experience in venture capital services and commercialisation of private and public companies across North America, Australia and the Asia-Pacific region.

fuboTV Inc. has appointed Ali Ghanavati as head of regulatory technology for its new Fubo Gaming subsidiary. Ghanavati’s extensive gaming career includes roles as chief engineer and as deputy chief of the Technical Services Bureau of the State of New Jersey Division of Gaming Enforcement, where he consulted with numerous state agencies and gaming jurisdictions regarding casino gaming regulation and standards.

Gaming Laboratories International (GLI) has appointed iGaming innovator and leader Joe Bunevith as its Director of Client Solutions. In this role, he will work closely with GLI’s sales, compliance and engineering teams on issues relating to new technologies, client onboarding, new jurisdictions and business solutions. Most recently, he served as Director of Interactive Gaming for Synergy Blue in Las Vegas.

Compliance Updates

The Massachusetts Gaming Commission has imposed an $18,000 fine to MGM Springfield after finding three separate “unacceptable” failures that resulted in underage persons being allowed to gamble and, on one occasion, being served alcohol.

Score Media and Gaming Inc. has secured access to the Illinois sports betting market through an agreement with Harrah’s Joliet Hotel & Casino, a Caesars Entertainment property. Subject to receiving all relevant licenses and approvals from the Illinois Gaming Board, the Company anticipates launching its mobile sportsbook, theScore Bet, in Illinois in the second half of calendar 2021.

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