Industry
June 2, 2023
Norsk Tipping Caps Loss Limit for Players Ages 20 and Under
Last month, the government-owned gambling operator located in Norway announced that it had raised close to $24 million for good causes from January to April thanks to its Grassroots Share (Grasrotandelen) program. The latter directs 7% of all bets made by gamblers toward charity organizations picked by players themselves. In September 2022, the operator announced […]
Business
June 2, 2023
Codere Posts Stellar 2023 Start with Q1 Revenue up by 19%
Globally recognized gambling operator Grupo Codere published its latest trading update, outlining details regarding the company’s performance for the first quarter of 2023. On Friday, the company released its latest report, revealing that its total revenue in Q1 2023 hit €350 million ($375.5 million). This result, when compared to the corresponding period in 2022, marked […]
Industry
June 2, 2023
Aristocrat’s CEO Speaks about the Gaming Industry’s Resilience
Hector Fernandez, the chief executive officer of Aristocrat Gaming, spoke with CNBC about the future of the gambling industry and the resilience of gaming. He highlighted that the industry has demonstrated its strength time and time again, surviving periods of economic difficulties and financial unrest. While macroeconomic conditions do have some effect on gaming, the […]
Industry
June 2, 2023
SB22 Celebrates Launch of Groundbreaking K22 Kiosk
The betting and transactional platform provider that is globally recognized for its convenient solutions, SB22, confirmed the launch of a new groundbreaking K22 kiosk and retail sports betting solution. Announced Thursday, the new solution fuses innovation, convenience, security and low cost. The kiosk, deemed as “transformative” by SB22, is easy to use and extremely cost-effective. […]
Business
June 2, 2023
Soft2Bet Inks New Content Partnership with RAW Arena
The provider of innovative content for the online gambling vertical, RAW Group, announced that RAW Arena, its aggregation business unit, forged a new partnership with the leading iGaming software, content, solutions and affiliate platform provider, Soft2Bet. Under the terms of the recent deal, RAW Arena agreed to deliver games from RAW iGaming, effectively expanding the […]
Casino
June 2, 2023
Light & Wonder: Asia Central to Becoming Number One Globally
Light & Wonder will continue to focus on Asian markets in pursuit of its strategic objective of becoming the number one gaming equipment supplier globally, according to the company’s senior vice president and international managing director for EMEA & APAC, Simon Johnson. Johnson pointed out that the strategic goal to become the world’s number one […]
Business
June 2, 2023
Nevada Revenue Records Modest April Growth
The gambling capital of the United States reported a 2.7% year-on-year increase in gambling revenue for April 2023. This positive result reflects the resilience and recovery of Nevada’s gambling industry despite ongoing challenges. However, lacking momentum means that the state’s winning streak may be nearing its end. Slots and Sports Betting Spearheaded Growth April marked […]
Legal
June 2, 2023
NGCB Puts an End to a Dice Sliding Scheme in Las Vegas
Nobody likes a cheater, especially casinos. There are different schemes that cheaters can attempt to use to better their odds at gambling venues such as counting cards, manipulating gaming devices or sliding dice. But such actions can have dire consequences for the ones caught who can be subject to criminal charges resulting in fines or […]
Industry
June 2, 2023
Australia: Online Gambling Regime Is Far Behind Europe, Asia
A new analysis of laws and regulatory regimes applicable to online gambling across the world found that Australia is lacking behind many of its European and Asian counterparts, urging the government to take action and stop the industry from grooming children for a life of gambling. Gambling Advertising in the Crosshairs Conducted by the Alliance […]
Business
June 2, 2023
PayNearMe Secures $45M Funding to Boost Growth
The funding round, led by Queensland Investment Corporation, and closed at $45 million with the help of Costanoa Ventures, DNS Capital, True Ventures Invicta Management, H. Barton Asset Management, and August Capital, gives the company the opportunity to continue innovating its payments solutions and deliver data-driven value to its partners. PayNearMe to Leverage Financial Injection […]
