Gambling in the USA

Virtual Gaming, Is It Gaining Traction In America And Canada? A Hot Discussion At Sports Betting And Casino Summit North America

Published

4 years ago

June 17, 2020

Reading Time: 4 minutes

Covid-19 has driven American gamblers online and as LAS VEGAS is slowly awakening from its pandemic-induced slumber, we are just at the beginning to see how these gamblers are choosing online over land-based.

Photos from the casinos that welcomed visitors for the first time in nearly three months showed gaming tables surrounded by guests, some wearing masks.

Their thirst for a gamble is understandable. In quarantine, American high-rollers have struggled to find substitutes for the real thing. Whereas, say, British gamblers have been able to bet legally online under lockdown, Americans face a patchwork of state laws that give limited options for lawful remote betting.

An informative data report titled Virtual Sports Betting Market was published by The Research Insights and takes a closer look at the different aspects of the businesses, that are responsible for fuelling the growth of the companies.

Virtual Sports is a selection of scheduled fixed odds games (events) that use a random number generator (RNG) to decide the outcome. All customers view the same schedules and the same outcomes.

Market predictions for possible growth opportunities have been mentioned clearly. This report is a detailed description of the Virtual Sports Betting Market sector which presents a blend of research expertise and business strategies. It also projects market trends along with the increasing scope for the individual sector.

For a strong and stable business outlook, different parameters have been analyzed across the global Virtual Sports Betting Market regions such as North America, Latin America, Asia-pacific, Europe, and India.

Facts and figures about various financial terms have been researched by considering several key points such as prices, market shares, and profit margin. It examines the different modules for evaluation of the risks and threats.

It studies different models that address the challenges faced by several industries as well as stakeholders. This Virtual Sports Betting Market is classified on the basis of demand-supply chain analysis, which accounts for the requirements of the products or services.

Most of the top industry companies from North America have confirmed their interest to join the Sports Betting & Casino Summit North America (Virtual Conference), which will open its virtual doors between 23-24 June and will feature a special panel discussion dedicated for Virtual Sports Betting.

The “VIRTUAL GAMING, IS IT GAINING TRACTION IN AMERICA AND CANADA?” panel discussion will be joined by some of the top names in virtual gaming, among which you will find Araksi Sargsyan (Head Of Business Development at DS Virtual Gaming), Martin Wachter (CEO at Golden Race), Lazar Miučin (VP of Strategic Partnerships at NSoft) and John Gordon (CEO & Co-Founder of Incentive Games).

The discussion will be moderated by Jaka Repanšek (Media and TECH Law Expert)

Araksi Sargsyan – Head of Business Development at DS Virtual Gaming

In 2013, Araksi Sargsyan took her first steps in the online gaming segment as a Customer Service Representative at BetConstruct. She was quickly promoted to Account Manager, where she was in charge of developing B2B projects around the world. Subsequently, she left B2B to develop a B2C project in Kazakhstan. Then she worked as Business Development Manager for Latin America at Digitain. With an active and entrepreneurial spirit and a visionary approach, Araksi is now the Head of Business Development at DS Virtual Gaming, a leading brand in the virtual betting domain.

Martin Wachter – CEO and Founder at Golden Race

Martin Wachter is the CEO and Founder of Golden Race and for over 15 years, has spread innovative, tailored solutions and virtual sports worldwide. He is specialized in all the areas of the company, taking special delight in being part of marketing strategy, product management, and development.

Lazar Miučin – VP of Strategic Partnerships at NSoft

I have been working within the industry for 11 years already. I have started from being System Administrator and went through all high-level positions during my gambling & casinos career. During my career, I was mostly responsible for operations and product development with extreme passion, drive, and vision that I have for igaming industry. On top of all, I am a mobile-oriented and addicted person.

Experienced Managing Director with a demonstrated history of working within the gambling industry. Skilled in negotiation, strong operations professional and results-focused executive. During my 11 years of experience in a number of senior positions. These positions were covering areas such as Business Development, Operations, and Development from B2C and B2B levels.

iGaming industry is with one word just life, way to live. It is super dynamic, fast, and technology-oriented. In this industry there are no boundaries, it is full of networking and it is multicultural which allows you to gain a different perspective offering valuable insights, so you can adjust your product and company while you are entering specific markets.

John Gordon – CEO & Co-Founder of Incentive Games

John Gordon is the CEO of Incentive Games, an Edinburgh-based provider of both Free-To-Play and Pay-To-Play games. John has spoken and paneled at conferences such as ‘Betting on Sports’ and ‘Betting on Football’ as well as various events across Asia as a specialist in Gamification. Often invited for his expertise in streamlining the process of customer acquisition, retention and monetization as well as discussing effective methods of tapping into the Millennial market of generations Y and Z.

Do not miss this unique opportunity to attend a virtual conference that gathers all North American gaming industry experts for 2 days of discussions and networking. Register your seat now!

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Gambling in the USA

Gaming Americas Weekly Roundup – November 25-December 1

Published

4 days ago

December 3, 2024

Niji Narayan

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! 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

In honour of its fourth anniversary, Live! Casino Pittsburgh has officially unveiled a $3 million capital investment project designed to enhance its gaming and entertainment offerings. Now officially open to the public are the new Live! Poker Room, a High-Limit Table Games Room and The Social Club, a private meeting and event space. Live! Casino team members were joined by government and business leaders for a brief ribbon-cutting ceremony in the new Poker Room, where legendary Pittsburgh Penguins Stanley Cup champion Phil Bourque played the ceremonial first poker hand.

The newly reimagined Rio Hotel & Casino has officially joined the Destination by Hyatt brand, following the completion of the resort’s first phase of its $340 million property-wide transformation. As part of the Destination by Hyatt brand and award-winning World of Hyatt loyalty program, Rio connects guests and members to both the people and place of Las Vegas – offering guests a sense of belonging and the immersive experiences they crave. Rio is owned and managed by Dreamscape Companies.

The New Jersey State Athletic Control Board announced that it has recently adopted an updated sports betting policy for all licensees, officials and employees. Effective immediately, the policy prohibits unethical betting practices and reinforces the commitment to maintaining fairness and public trust in combative sports, including boxing, wrestling, extreme wrestling, kick boxing and combative sports exhibitions, events, performances and contests.

Superbet Brasil has become the first betting house to pay the R$30 million (US$5.2m) concession required by the government to become a regulated company. To be able to make the transaction, the “Bet” (as the operators are called in Brazil) had to meet all the requirements of the Ministry of Finance in the document evaluation phase.

Alex Dixon, president and CEO of Q Casino & Resort and the Dubuque Racing Association has resigned his position, effective in January. Dixon has held the position at Q Casino in Iowa, US, for three years, taking over from Jesus Aviles in 2021. He has overseen the complete interior remodel of the venue which included the addition of an all-ages arcade.

BetMGM announced a major enhancement to its customer experience by consolidating BetMGM Reward Points (BRPs) into a single account. In addition to users’ cash balance, this feature enables BetMGM Rewards Points to travel with them across jurisdictions.

Partnerships

Jackpot.com announced an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service. As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website.

Nuvei Corporation announced that it has been selected by Delaware North’s interactive gaming division to power deposits and payouts for Betly, its online real-money casino and sports betting brand. Delaware North operates Betly in West Virginia, Arkansas, Tennessee and Ohio in the US. This partnership enhances the player experience at the checkout, streamlining both the deposit and payout processes for Betly customers across their online casino and sports betting profile.

Gambling in the USA

Gaming Americas Weekly Roundup – November 18-24

Published

2 weeks ago

November 26, 2024

Niji Narayan

Reading Time: 2 minutes

Latest News

Two of Alabama’s leaders in the hospitality and tourism industry — Wind Creek Hospitality, owned by the Poarch Band of Creek Indians, and the McGregor family, owners of Birmingham Racecourse and Casino and Victoryland Casino — announced that they have entered into an agreement under which Wind Creek will acquire the Birmingham Racecourse. The sale is expected to be finalised by early 2025.

Kaizen Gaming Colombia, owner of the Betano.co brand, was authorised by Coljuegos to operate online betting in the country. With this new operator, there are now 16 web platforms that have the approval of the entity to market games of chance online. The entity is also in the process of authorising an additional operator called Bingo Casino, which is expected to begin offering bets in the coming weeks.

Gaming Laboratories International has become the first laboratory to achieve accreditation in Maranhão, Brazil. The accreditation allows GLI to perform tests and certification for the gambling and lottery industry interested in working with lottery and fixed-odds betting operators in the state of Maranhão. The milestone is the latest in a series of regulatory achievements for GLI in Brazil.

BetConstruct has announced their participation at this year’s GAT Caribbean Cancún that takes place in Mexico from November 26-28. Taking place at the Cancún International Centre, the GAT Caribe Cancú is a prestigious event that gathers manufacturers, operators and marketers to broaden the horizons of the online and land-based markets in Mexico, the Caribbean region and Central America.

Legendz Social Casino & Sportsbook announced its highly anticipated launch, offering players an unparalleled social gaming experience across 43 states in English and Spanish language. With a vast array of games, innovative features and a player-first philosophy, Legendz is set to redefine the online social and sweepstakes gaming landscape.

Partnerships

International Game Technology PLC has announced that it has launched its first wide-area progressive (WAP) compatible game in Colombia with the all-new Condor Link. Players across the country now have the opportunity to spin for large-scale WAP jackpots at nine properties operated by Winner Group Cirsa, one of Colombia’s largest gaming operators. Delivering a highly engaging entertainment experience to the gaming floor, IGT’s Condor Link game features four jackpot levels and a reset value of 75,000,000 Colombian Pesos (COP).

Cisco and MGM Resorts International announced that the companies have signed a Whole Portfolio Agreement (WPA), empowering MGM Resorts with the majority of Cisco’s software portfolio. This includes cybersecurity, software defined networking, software defined-WAN, digital experience assurance, full-stack observability, data centre and services. This agreement spans 5.5 years, benefiting guests and employees across all of MGM Resorts’ properties.

Endorphina has entered into a partnership with Luckia, a leading company in the gaming sector. Combining Endorphina’s passion for slots with Luckia’s innovative spirit, this partnership is set to provide incredible gaming experiences to all iGaming enthusiasts. Luckia is a commercial brand of Luckia Gaming Group that combines offline and online gaming, including traditional businesses such as gaming machines in bars and restaurants and gaming arcades, new online gaming activities and land-based sports betting.

Gambling in the USA

Gaming Americas Weekly Roundup – November 11-17

Published

3 weeks ago

November 18, 2024

Niji Narayan

Reading Time: 2 minutes

Latest News

Golden Entertainment Inc. reported financial results for the third quarter ended September 30. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, the Company’s Board of Directors authorised the Company’s recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024.

Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation and culinary excellence. The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si.

Galaxy Gaming Inc., the world’s largest independent developer and distributor of casino table games and technology announced, at a special meeting of its stockholders held on November 12, 2024 (the Special Meeting), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (Evolution), Evolution AB (publ)’s wholly owned subsidiary. Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.

Caesars Virginia has announced that its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space.

Partnerships

NGX has entered into a strategic partnership with Sportradar, a global leader in sports integrity solutions, which collaborates with more than 180 sports federations and leagues. The agreement aims to support the Brazilian football federations of Rio Grande do Sul, Paraná and Pará, providing detailed reports to ensure the integrity of sporting events and combat fraud.

EvenBet Gaming has announced the launch of its advanced poker solutions in partnership with JugaMax, one of the largest and most respected casino operators in Paraguay. This strategic collaboration marks EvenBet’s debut in the Paraguayan iGaming market, solidifying the company’s expansion within Latin America. The newly established partnership enables the integration of EvenBet Gaming’s poker offering on the JugaMax platform.

Jackpocket, the leading lottery app in the US, and Barstool Sports announced a new collaboration naming Jackpocket as the “Exclusive & Official Digital Lottery Partner of Barstool Sports”. The deal with Barstool follows Jackpocket’s parent company, DraftKings, announcing a similar agreement with the media company in February 2024. This collaboration centers around the integration of Jackpocket in Barstool’s content. Fans can participate in the lottery alongside some of Barstool’s biggest names such as Dave Portnoy, Big Cat & PFT from Pardon My Take – the leading sports podcast in America, Wallo & Gillie from Million Dollaz Worth of Game and more.