Daily Archives: April 24, 2020

DUBLIN, April 24, 2020 /PRNewswire/ -- The "Online Gambling Quarterly Report - Spring 2020 Edition" report has been added to ResearchAndMarkets.com's offering.

A comprehensive quarterly report analysing updated benchmarks, KPIs, trends, and covering all sectors of the online gambling industry. The report covers a wide range of topics from key company sectors, such as finance, marketing, strategy.

Due to this extensive coverage, the report is a must-read for executives and departments of all companies active in the online gambling market.

The report covers:

Companies Mentioned

Key Topics Covered:

Part 1 - COVID-19 Impacts

Part 2 - Trends

Part 3 - Financial Figures and KPIs

Part 4 - Marketing Analyses

Part 5 - Product Analyses

Part 6 - Regulated Markets Analyses

Part 7 - Methodology

For more information about this report visit https://www.researchandmarkets.com/r/askie2

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Global Online Gambling Market 2020: Impact of COVID-19 on Overall Revenues and the Light at the End of the Tunnel - PRNewswire

Online gambling, while officially regulated in the Autonomous City of Buenos Aires (CABA) in late February, is struggling to get off the ground on two fronts; firstly the health crisis and secondly opposition from the Association of the Personnel of Racecourses Agencies Gambling and Related (Aphara).

LOTBA, the local gaming authority, had begun the licensing process for online gambling and sports betting in Buenos Aires just days following its regulation. But with the COVID-19 crisis bringing proceedings to a standstill, that debut remains off the agenda. Now, online gambling is coming under fire from Aphara which has warned that its debut in CABA would put 2,000 jobs at risk.

Diego Quiroga, head of the association, said: These policies promote a modality that benefits a few foreign companies under a tax regime that is based on unfair competition. They dont generate genuine employment like land-based entities.

The mandatory quarantine established by President Alberto Fernndez in March forced lottery agencies, racetracks and casinos to suspend their activities. All gambling modalities in Buenos Aires have been affected by the crisis, as none of them are reporting any other type of income.

Despite supporting the quarantine to protect health, Quiroga pointed out that although the president is in favor of measures to prevent layoffs, the CABA government encourages online gambling which, he claimed, leaves hundreds of families who depend on land-based gambling on the brink of the abyss.

He said: Its unfair that the local lottery wants to replace employees with online platforms that dont generate employment, commenting further that land-based companies are the ones that create genuine jobs, while online gambling is unfair and discriminatory.

The licenses to operate online games in CABA will run for five years, but LOTBA could extend them with previous authorization. Any company can participate in the process on internet platforms and mobile applications. Poker, bingo, sports betting, betting on cultural events, virtual casinos and more will be allowed.

In addition, those interested in obtaining a license, both local and international companies, must pay an administrative fee of $500. They will also have to prove that they have more than two years of experience and a net worth of $370,000, as well as certifications from accredited laboratories from LOTBA.

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Association says online gambling in Buenos Aires risks thousands of jobs - SBC Americas

As strange as it may seem, the real root cause of gambling addiction is not gambling, writes Jason Shiers of UK addiction rehabilitation provider UK Addiction Treatment Centres (UKAT). However, there are steps operators can take to help those showing signs of a serious problem

The manifestation of an addiction seems like the most obvious place to look, and many modalities of help and treatment often look to control the outward manifestation of the issue as a root to resolve the problem.

Anyone suffering with gambling addiction will try everything before getting professional help.

Well-intentioned spouses and family members will reach their wits ends trying to help, whether thats by hiding money or controlling the individuals whereabouts and what or who they spend time around.

It can go further: monitoring what they watch on TV, access to the internet, gaming and anything that could possibly trigger them into gambling further.

It makes perfect sense that people look to control their own and others habits by trying to make what they perceive to be the problem less accessible. However, this shows an innocent misunderstanding of the problem.

Just as friends or family members attempt to help those suffering from addiction, gambling operators also, either voluntarily or because of legal requirements, try to take similar steps to help the afflicted.

Yet once again, the measures taken only address the problem at symptom level, with tactics such as:

Stopping credit cards being used to fund online gambling Offering limits on how much, and how often, players can spend on gambling Setting limits on time spent gambling Offering complete self-exclusion via GamStop Reducing maximum stakes on fixed odds betting terminals from 100 to 2

These initiatives might help with the illusion of control but they are of no real help in tackling the underlying problem.

In this gambling is similar to drugs, in that taking away the addictive element does not stop the addiction. For the individual, its just an obstacle to overcome they will find a way to gamble, by foul means or fair.

Misunderstanding of traditional treatmentsAttempting to teach gambling in moderation, learning to control triggers, avoid certain geographical locations or to identify emotions that lead us to gamble are all innocent attempts to control the misunderstood habit at its final destination.

But if anything, they will only offer short-term respite.

Look at it this way: its like taking the rear carriage of a train, and trying to get it to change the direction of the engine, 15 carriages ahead.

It simply isnt going to work and it would take much less effort if you knew the real root cause to start with.

To further the misunderstanding, traditional psychological treatments attempt to see where past events and experiences have impacted the persons psychology and compel them to attempt to escape from reality.

People often spend years in therapy digging into their relationships with their parents, childhood trauma, failed relationships and mental health issues, to desensitise themselves to the emotions they experience so the need to gamble is reduced.

This often has little effect as the problem is not created by the past.

This sort of therapy may well help to some extent, but for creating long-term freedom without having to maintain something, it is not the best solution.

The traditional treatments see addiction as a disease, as a real thing inside the person struggling. They are labelled addicts, and treated as sick people trying to get well.

The treatments suggest there is no respite, and that recovery is a lifelong process, with constant practices and processes needed to maintain a life free from gambling.

The reasoning is that only through abstinence can an individual regain control.

So, what really is the problem?Gambling addiction, at its root cause, is a misunderstanding of how the mind works. Its a valve for letting off steam we innocently create our own reality in the mind, and it looks scary, unhappy and unfulfilling.

The need to stop uncomfortable emotions becomes unbearable, and gambling addiction becomes the solution for coping with this fundamental misunderstanding.

Think about the how the body heals itself. If you cut your finger, it heals. The signs of the cut soon disappear and before long it looks like there was no injury in the first place. The mind works in the same way, only most people dont understand that.

Rather than seeing the true nature of thought as transient, something that passes, they pick and prod at the content of the thoughts, creating negative emotions and a low state of mind.

And imagine what would happen if that is allowed to build up with no outlet. Most of the time it would end in a psychotic episode or a breakdown the system has to regulate itself.

Gambling is the steam valve that stops people from becoming overwhelmed. It is a coping mechanism, rather than the cause.

The solutionSome find traditional therapy helps but only in the short-term.

People sometimes get help from 12-step programmes such as those offered by Gamblers Anonymous, but often addiction manifests itself in other areas of life, or life is difficult, there is not much joy, peace, security and contentment.

For many of those suffering from addiction, this can mean they return to gambling after a period of abstinence, as the problem was only addressed at its final symptom or with a temporary process or technique.

The solution has to be in a deeper understanding of how we work as human beings. Your treatment should answer the questions you have about why you gamble, what caused it to get out of control and what creates the cycle of dependence.

It should also show you a different way to live life in the moment, free of overthinking, stress and anxiety.

A treatment that can free you from misunderstanding, and addressing why the system needs a valve in the form of gambling addiction, is key.

Our understanding of psychology and how the mind works is developing all the time.

There are thousands of people worldwide with recovery stories who lost everything to gambling but have rebuilt their lives and are completely free without having to maintain or practice any type of recovery.

For them its not a disease or something that will never be cured, they are free.

Lasting change comes through insight. When we get an insight into the suffering we are creating, things start to look different.

The need to gamble dissipates and disappears because we are no longer creating our own stress, anxiety and uncomfortable feelings, we are free to be present in the world and enjoy life in a different way.

It no longer makes sense to self-destruct.

What can operators do to help people who are struggling?Thats not to say that nothing can be done to help, especially by gambling operators.

Everyone is chasing something when they gamble, so those offering it must have effective ways of identifying those whose habits are getting out of control.

It would be useful if operators provided an opportunity for anyone suffering to connect with the right people if their behaviour looked like it was on a downward spiral. This could be done in numerous ways, including:

AI programmes to detect patterns of behaviour related to addiction Pop-ups or live chat features that ask if people need help Resource sections on digital media visible at all times Employing the relevant expertise to be part of game creation Employing a team of addiction specialists that can assist people who ask for help Surveys or data gathering methods to assess usage and experiences Allocating a percentage of profits to gambling help/rehabilitation charities or organisations

Of course, you cannot force anyone to get help. Many will reject any offer of assistance because they have a lack of hope, but if the opportunity is there I am sure many would take it.

Whats most important is to remember that gambling addiction is not a sign that someone is bad or broken. It goes beyond any ideas about disease, morals or beliefs, whats right or whats wrong.

Its a fundamental attempt to regulate the mind from a misunderstanding of the innocent use of the principle of thought.

Jason Shiers is a certified transformative coach and certified psychotherapist, and also the creative innovations marketing manager for UK Addiction Treatment. Jason has been working with addictions and people in recovery for 25 years and is always looking towards the innate mental health that is inside everyone. He has been cited in multiple articles about addiction and is a regular contributor to many different websites.

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The real root cause of gambling addiction - iGaming Business

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With casinos closed across the country and sports betting drying up, online casino-style gambling is proving to be a bright spot for the industry.

Internet gambling revenues (excluding sports betting) in New Jersey rose 66%, to $65 million in March, the state reported recently. Online gambling includes slots as well as table games like blackjack. New Jersey is a leader in internet gambling.

We believe the impact of Covid-19 could spur more states to legalize online casino and sports betting, Morgan Stanley gaming analyst Thomas Allen wrote in a client note.

Only a small number of states allow online casino-type gambling including New Jersey, Pennsylvania, and Nevada. More than 15 states permit online sports gambling, with an even greater number allowing sports betting at physical casinos.

Allen wrote that online gambling revenues (excluding sports betting) in New Jersey are on track to exceed $700 million this year, up from $483 million in 2019, helped by a shift of bettors from traditional casinos, as well as by online sports bettors.

Sports bettors, meanwhile, face meager offerings. On Friday, for instance, there was horse racing from a number of venues around the country, including Gulfstream Park in Florida. Other sports open to wagering include table tennis from Russia, pro basketball from Taiwan, and darts.

Despite the collapse in online sports betting, investors remain excited about Diamond Eagle Acquisition (ticker: DEAC), a special purpose acquisition company that has a deal to merge with internet sports betting leader DraftKings.

Diamond Eagle shares gained 49 cents, to $16.58 Friday, up about 50% this year. The stock had traded around $10 before it announced the merger with DraftKings in late 2019. Many casino stocks are off 40% or more this year. Diamond Eagle shareholders are due to vote on the merger on Thursday. Upon approval, the company will change its name to DraftKings.

Diamond Eagle has a sizable market value of $5.8 billion based on a fully diluted share count of around 347 million shares. That is considerably above the market values of Penn National Gaming (PENN) and Eldorado Resorts (ERI) in the $1 billion to $2 billion range, as well as exceeding that of Caesars Entertainment (CZR) at about $5 billion.

Diamond Eagles strong stock price shows investor enthusiasm for what had been the high-growth online sports gambling business led by DraftKings and FanDuel, which is controlled by Flutter Entertainment (PDYPY).

Most online sports betting is done on mobile phones. Once professional sports resume, many bettors may feel more comfortable wagering on sports on their phones than going to a casino for traditional games like blackjack, craps, and slots.

Barrons wrote a cover story earlier this year about the boom in online sports gambling.

Writing about the prospect for more states legalizing online casino and sports gambling, Allen said:

Covid-19 will likely have a negative impact on state budgetary positions, forcing them to look for new sources of taxes. In addition, legalization and the rollout of online forms of gambling can be much quicker than building bricks-and-mortar casinos (Massachusetts a good example). Finally, online can be at least a slight offset to lost revenues during phases of social distancing as we are experiencing today.

Write to Andrew Bary at andrew.bary@barrons.com

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Online Gambling Is Booming. Why More States Could Legalize It. - Barron's

Its the kind of story on which Las Vegas was built: A young athlete is comped a few suites, hits the tables, loses $140,000 and asks a star quarterback for a bailout.

Ex-NFL wideout Brandon Marshall recalled his ill-fated gambling run in the debut of his I Am Athlete podcast Wednesday. Marshall, who played for seven teams in a 12-year career, reached back to his third year in the league with the Miami Dolphins. Jay Cutler, crucial to this story, was the Dolphins QB.

(And a note on the Vegas coincidences in these names: Jay Cutler is not the bodybuilding champion who has lived here; Brandon Marshall is not the Raiders linebacker who graduated from Cimarron-Memorial and played at UNR.)

I lost all my money. I started at The Mirage. I was good with my $3,000-$4,000, Marshall said. He soon learned the concept of a marker, and arranged a line of credit with the casino for $70,000. He lost that.

I call my people. Im like, Yo, get me at the Wynn. Now, Im chasing, Marshall said. So I go to the Wynn and lose another 70-something thousand dollars. Im literally in the Wynn hotel, and I call Jay. Im like, Jay, Im in some trouble. I need $60,000.

Marshall didnt explain the $60,000 figure offsetting losses of $140,000. Probably some quick negotiations. But Cutler completed this pass.

Hes like, Aw, sheesh. B-Marsh! All right. This is what were gonna do, though: Youre gonna sign a paper. Some type of document. You owe me, Marshall said. As soon as I landed, he had that $60,000 check. I paid the marker off. We went back into the season. The marker got me.

John Katsilometes column runs daily in the A section. His PodKats podcast can be found at reviewjournal.com/podcasts. Contact him at jkatsilometes@reviewjournal.com. Follow @johnnykats on Twitter, @JohnnyKats1 on Instagram.

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QB Jay Cutler once rescued receiver from Las Vegas gambling tab - Las Vegas Review-Journal

LAKE CHARLES, La. Lake Charles attracts visitors to its restaurants, events and outdoor adventures, but its luxury casino resorts dominate the city's hospitality and tourism industry.

COVID-19 has shuttered these money-making machines for seven weeks, leaving the booming Lake Charles economically filled with uncertainties.

Tye Robinson, a bellhop at Golden Nugget Lake Charles, collected his last tips from Golden Nugget guests over a month ago.

"I would get a lot of tips, so I would use my cash on my bills and daily necessities," he said.

Robinson was working at the casino when he learned of the closure due to COVID-19.

I found out the day before we shut the operations down, and I found out from a news report, he said. It was news to me.

Robinson and his co-workers lived in uncertainty for a week before the casino informed employees. Robinson received one months pay and immediately filed an unemployment claim.

"I'm thankful for unemployment for saving me," he said.

While the closing of the casino industry is impacting his life, it also is causing serious economic problems for the rest of the community and the state.

Gaming operations in the Lake Charles area amassed over $906 million in revenue in 2018, distributing over $36 million throughout Calcasieu Parish, according to a KPLC-TV report. The hospitality and tourism industry ranks No. 2 behind the petrochemical industry as an economic driver in the area.

"You know, our culture is something that people travel from around the world to come and see, so we get a lot of this, said R.B. Smith, vice president of business and workforce development at the Southwest Louisiana Economic Development Alliance.

Riverboat, land-based, video gaming and racetrack casinos in Shreveport, East Baton Rouge Parish, New Orleans and other cities in Louisiana generated over $3 billion in net revenue with over $700 million directly benefiting state government, according to the 2019 Louisiana Gaming Control Board Report.

Gambling normally tops even the oil and gas industry in its contribution to state revenue, and both industries have been severely hurt by the virus, threatening local and state budgets.

In Lake Charles, gaming typically brings in over a billion dollars a year from visitors from Houston alone. However, with the Louisiana-Texas border blocked, and the casinos closed, the businesses are taking a punch.

"Visit Lake Charles is currently predicting an economic loss in excess of $500 million from the tourism economy in 2020, said Kyle Edmiston, chief executive of the local visitors bureau. This is a highly fluid prediction as it is completely dependent on when tourism businesses are allowed to reopen and at what levels the crowds and attendance are mandated by executive order."

The empty parking lots of hotels within the area show their losses with only an 18 percent occupancy rate. At this time last year, the rate was 73 percent.

"There is absolutely a ripple effect on all businesses in the travel and tourism sector with those properties remaining closed for approximately seven weeks, said Edmiston. It is still too early to predict permanent closures based on the information that is currently available."

The dips in these revenues will also hurt the development plans of the City of Lake Charles.

The lack of revenue will not affect essential city projects, such as repairing underground sewer works. However, the overall impact depends on when and how the economy opens up again.

"Long-term, I think we're going to be all right, Smith said. Short term again, I think everything's on hold until we see it, when we can open the economy back up.

As Lake Charles anxiously waits for the death of the virus and the resurrection of the economy, Robinson is eager to return to work.

"I plan on going back after all of this is over because it is a very good job, and I do enjoy working, he said. I just want this virus to end."

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Louisiana's gambling industry shutdown comes with big costs - WWLTV.com

In the fast moving world of gambling, sometimes you might miss news that could be important to you. To make sure youre all caught up on gaming industry news, be it online or brick and mortar, were rounding up the some of the announcements and partnerships from the last week that you might have missed.

BlueOcean welcomes Salsa Technologys Video Bingos aboard its Gamehub

BlueOcean Gaming has signed an exciting content deal with Salsa Technology to integrate the LatAm providers entire portfolio of Video Bingos and slots onto its Gamehub platform.

BlueOcean Gaming is a highly exclusive online casino platform provider, which also delivers white label gambling and mobile gaming solutions. Salsa Technologys standout titles will be made available to BlueOcean customers through the BlueOcean API accessed via the Gamehub platform.

As part of the deal, BlueOcean partners will gain access to a plethora of games, including Halloween Groove Bingo, Pachinko 3D and the Latin American classic Jogo dos Bichos Praia. Salsa Technologys success has been built from its online Video Bingo games which are a huge hit in Brazil, Mexico, Argentina, Peru and Colombia.

iSoftBet agrees online casino content deal with Groupe Partouche

iSoftBet, the leading online and mobile casino content supplier, will integrate a diverse range of its award-winning slots with major multi-channel operator Casino du Lac Meyrin Switzerland.

The Groupe Partouche-owned casino, based in Geneva, will further bolster its online offering with iSoftBets market-leading range of premium slot content, fully certified and compliant with the recently regulated Swiss market.

The Swiss casino operator will also be able to access iNgame, iSoftBets suite of advanced marketing and real-time gamification tools.

Greentube extends Danish reach with Casino999 integration

Greentube, the NOVOMATIC Interactive division, has further strengthened its presence in the Danish online market after going live with Casino999.

A wide range of Greentubes market-leading games are now available on Casino999.dk via the operators Cerberus platform. Titles include the hugely popular Book of RaTM deluxe, Lucky Ladys CharmTM deluxe and Sizzling HotTM deluxe, which are all part of NOVOMATICs ever-growing Classics series, as well as fan-favourites Apollo God of the Sun, Captain VentureTM and African SimbaTM.

Relax Gaming partners with new online casino Mr. Gold

Relax Gaming, igaming aggregator and supplier of unique content, has signed a deal to launch with Mr. Gold, a brand-new online casino operated by Miura Technologies.

Under the agreement, Mr. Gold will integrate with the suppliers aggregation platform, which hosts an extensive portfolio of quality casino games including its top-performing proprietary titles such as Temple Tumble, Money Train and Snake Arena.

Content from Relaxs third-party studio partners will also be made available, providing the online casino with popular games from Big Time Gaming, STHLMGAMING, and Kalamba Games, among other leading brands.

NetEnt enters the regulated market in Colombia with Rush Street Interactive

NetEnt continues its focus on penetration into regulated markets. After the entry into Switzerland this month, Colombia is next up. Having signed an agreement with Rush Street Interactive LLC regarding market entry for Colombia earlier this year, a selection of NetEnts popular table games, including Blackjack and two versions of Roulette, have now been launched with RushBet.co, making them the first operator to provide NetEnt games in Colombia.

NetEnt plans to launch a wider selection of its renowned slot games in the Colombian market throughout the 2020 period.

GrooveGaming gears up with extended Asian games portfolio to capture the rapidly-growing Indian market.

GrooveGaming continues its impressive drive in Asia with the addition of some of the top games for the Indian Continent through an exclusive partnership arrangement with Super Spade Games.

The new agreement provides GrooveGaming with some of the most popular HTML5 games titles on the Asian Continent and gives another set of arrows to the bow of this intrepid content provider, which has enjoyed a meteoric year-to-date around new content signings with industry leaders such as BetSoft, Microgaming, Playn GO, NYX Gaming, Habanero, NoLimitCity, Spinomenal, Merkur and all the latest blockbuster titles from Fugaso.

Through the new alliance all GrooveGaming partners will have immediate access to the full range of Super Spade Games products including Roulette, Baccarat, Andar Bahar, Teen Patti and Dragon Tiger, all of which are part of the demand creation cycle in the Indian subcontinent and key to engaging players in the region. These staples are supplemented with innovative content such as Casino War and Live Three Card Poker.

ORYX Gaming goes live with Max Entertainment brands

ORYX Gaming, a Bragg Gaming Group company (TSXV: BRAG, OTC:BRGGF), has taken its content live with Max Entertainments four online casino brands, further fuelling the suppliers recent growth.

Following a successful integration, Max Entertainment now has access to ORYX Hub with unique, proprietary and exclusive RGS content and 8,000+ games from 80+ suppliers, as well as its smart marketing tools which allows operators to manage and execute bespoke marketing activities.

CasinoSecret partners with Red Rake Gaming

CasinoSecret has agreed collaboration with Red Rake Gaming to furnish its players with the top performing games from the boutique provider.

Under the terms of the new partnership, Casino Secret will gain access to full portfolio of Red Rake Gaming titles to add to its library, as well as a number of unique marketing tools and features.

Habanero primed to conquer Spanish market

Premium slots and table games provider Habanero is gearing up to launch in Spain as the provider continues to grow its European footprint.

The news sees Habanero bring 41 of its engaging slots, table games and promotional tools to the Spanish market following its full certification to the standards set by the countrys regulator, DGOJ.

The coveted accreditation allows Habanero to partner with a wealth of Spanish operators as the provider prepares to announce a series of high-profile deals in the near future.

Salsa Technology takes a spin with Spinolas lottery solution

Salsa Technology has signed a pioneering content partnership with Spinola Gaming. The deal will see Spinola add its market-leading lottery solution to Salsa Technologys Game Aggregation Platform (GAP).

This is a significant step for Salsa Technology as its the companys first third-party lottery content deal. Spinola, the worlds leading digital and online lottery software provider, has been eyeing Latin America as a major growth market and Salsa Technology will provide the perfect platform for further expansion.

BonusFinder granted Colorado license ahead of 1st May opening

Bonusfinder.com has been granted a license to operate in Colorado ahead of the state regulating sports betting next month its fourth US affiliate license in less than a year.

BtoBet Strikes Deal With Venezuela-Based Operator Camanbet

Leading iGaming platform provider BtoBet has bolstered its partner portfolio in Latin America, announcing a deal with Venezuelan bookmaker Camanbet. Through this agreement Camanbet will be provided with the Neuron 3 platform both for its extensive online and retail gambling network.

Focusing on delivering an enhanced user experience to its players, the Venezuela-based operator will be delivering a diverse content offering based on local and international sports betting, including live sports events, online and live casino, jackpots and a range of special bets and virtuals.

Live Keno joins BetConstructs casino games

BetConstruct adds a new game into its Gaming Suite to enrich its partners casinos with more content. The lottery-like Keno is a simple multiplayer game with a new round once every 3 minutes.

The software developers studio holds a keno machine certified by GLA which allows for licenced and fair gaming experience. Keno may find wide appeal among players who enjoy quick games of chance. In this respect, Keno makes an excellent revenue booster with a high house edge and RTP.

Kalamba Games further expands reach with Hub88 integration

Kalamba Games has successfully integrated its Remote Gaming Server (RGS) with Coingaming Groups leading integration platform Hub88 in a partnership that signals the suppliers commitment to global expansion.

Kalambas substantial portfolio of games is now live on the Hub88 platform including fan-favourites such as Carribean Anne, and newly-released titles such as Miami Bonus Wheel and Blazing Bull.

iSoftBet integrates Golden Race content portfolio

iSoftBet, the leading online and mobile casino content and software provider, has integrated Golden Races award-winning portfolio of scheduled and instant virtual sports and number games to its Game Aggregation Platform (GAP).

The GAP integration will further bolster the iSoftBet content offering and provide its tier one platform operators access to Golden Races award-winning 24/7 virtual sports content which capture the excitement of real sports betting at a time when many global events have been postponed.

Marathonbet Goes Live With Pragmatic Play Across Multiple Verticals

Marathonbet, a leading sports betting operator, has launched Live Casino and Videoslot games with Pragmatic Play, a leading content provider to the gaming industry.

Marathonbet is a trusted brand that has a global presence, operating in many markets and providing extraordinary services. Marathonbet is well known as a better odds online sportsbook offering a wide range of market and gambling products for its customers.

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Gambling Industry Announcement and Partnership Roundup - April 23, 2020 - CalvinAyre.com

The prominent ratings agency Moodys foresees a series of gambling firm mergers on the horizon, due to the uncertainty caused by the ongoing COVID-19 pandemic: one such merger is the blockbuster deal between the mammoth companies Flutter Entertainment and the Stars Group. Moodys evaluates the ability of different businesses to pay their debts.

The Irish giant Flutter owner of the Paddy Power brand received approval from their shareholders to consolidate resources with the Stars Group, based in Toronto. All five resolutions related to the merger received a resounding approval from its investors. Their merger will result in an online gambling behemoth with at least 10 million players worldwide.

The Stars Group owns online poker giant PokerStars, as well as Skybet and Full Tilt Poker. Their shareholders are expected to vote on the Flutter deal within the week.

CityNews Toronto

Moodys current rating for the Stars Group is B2 stable, which means that it is a high credit risk. The Stars Groups net debt is estimated to be around 4 billion. Moodys has no rating for Flutter. The Irish firm is said not to have any glaring liabilities, with a net debt of just 270 million. Based in Clonskeagh, Dublin, Flutter owns Fanduel and Betfair, as well as Sportsbet in Australia.

Despite the massive losses accrued by the gambling industry due to the suspension of major sporting events around the world, both Flutter and the Stars Group have announced that they will push through with their merger.

According to Jeanine Arnold and Florent Egonneau, analysts from Moodys, the desire for consolidation will likely escalate as soon as COVID-19 slows down, as gambling firms look to greater scale and online revenues to bolster their portfolios.

Arnold and Egonneau stated that companies with robust balance sheets will likely seek out companies with depressed valuations, and look to build their market share via takeovers.

Moodys also assessed a number of European firms, such as Spains Sociedad Limitada and Codere and Tackle Group in Germany, stating that they could survive a two month lockdown, but would have difficulty with longer periods. GVC, which owns Ladbrokes, also operates a series of bookmakers and online bets in Ireland, have begun to see their players migrate to casino games and poker as a result of no sports wagering opportunities.

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Moody Ratings Says More Gambling Firms Will Merge Due To COVID-19 - - Legal Gambling News

Mock drafts are the offseason catnip of the NFL offseason: churned out by the hundreds, if not thousands to feed the insatiable hunger for any football news, with plenty of disclaimers for the writers not to take them too seriously. And most observers dont.

But with NFL Commissioner Roger Goodell shortly to start the draft from his basement in Bronxville, N.Y., there is one industry that not only does not scoff at the mocks, but needs them: sports gambling, which is seeing a record volume bet on the draft.

If somebody sees a Mel Kiper mock that says X, Y or Z, then thats gonna probably move betting action, said Dustin Gouker, an analyst for PlayUSA Network and LegalSportsReport.com. I think the oddsmakers know that thats going to result in maybe not sharp moves, but certainly casual bettors who are following along seeing a Mel Kiper draft that says, This persons gonna be drafted here. Thats going to...

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NFL Draft is big night for sports gambling, and mock drafts helped set the lines - The Athletic

Added on April 20, 2020Judy Rae

There are thousands of land-based casinos in the USA. They are extremely popular because there is no better way to spend free time than to dive into the world of luck, risk, and entertainment. With the development of the virtual world, more and more providers decide to go online. Youll probably agree that its more convenient playing casino games at home than to drive hundreds of miles to a land-based venue.

However, everythings difficult with online gambling. Recently, the US Justice Department decided to increase internet gambling prohibition. The Wire Act forbids any internet gambling, which includes interstate transactions. So what is the difference between land-based and online casinos? Why the first is praised and the second prosecuted? Let us discuss the modern state of affairs in the gambling industry and try to find a solution that will satisfy both the gamblers and authorities.

Modern State of Affairs

It is better to start with dry facts and to enumerate the federal laws, which govern online gambling (in case you want to dive deeper into the subject):

Fraud by wire;

Mail fraud: attempt and conspiracy;

Broadcasting lottery information;

Transmission of wagering.

All the above make sure that players cant make any transactions inside an online casino, as well as to play on a website located in the US. But the bad news is over.

There is actually no federal law that prohibits playing online: placing a bet on the Internet is completely legal. The only case when a person was prosecuted was in North Dakota in 2003. Jeffrey Trauman has paid $500 for winning $100,000 in sports betting. The sites, which are located somewhere abroad are completely legal. So you just need to read independent reviews of USA friendly online casinos, check where they are based, and start playing. Even if you are located in the US, just pick a gambling website that is not situated on the American soil.

Another good news is that Google has recently updated its games policy to allow operators to create adverts through the platform in Colombia, Nigeria, and Kenya, as well as in several US states. This means that sports betting ads on Google will be allowed in Iowa, Montana, Pennsylvania, Rhode Island, and Indiana.

And if you want to remain on the safe side without any fear of being caught, we recommend using cryptocurrency as a payment method. While it is prohibited in America to use banking transactions for gambling, the crypto market is not regulated by the governments, so choosing this payment method is legal.

Things to be done

The harsh approach to gambling on the Internet is outdated. Although morality aspects continue to prevail when anti-gambling discussions are held, legalization of gambling may be a step to the protection of US citizens and finding an additional way to replenish the treasury. Considering the experience of multiple countries abroad, creating a healthy environment for online gambling is beneficial for all participants transactions are transparent, everyones abiding the law, and it is much simpler to track players with addiction.

Luckily, despite multiple restrictions, online gambling in the US is becoming more and more popular. This niche will soon reach its peak and will require more space and recognition. We are sure that in the nearest future this industry will blossom and even the government will have to reckon with it.

Recognizing the needs of gambling sites and making this activity legal is one of the ways to attract investments and to recognize that all hobbies are important and should be taken into account.

Online gambling is already on the rise

It is obvious that traditional governmental mechanisms are not suitable for the cyber market. The power, which US officials can apply on the Internet is rather limited because there are no clear borders. So the only way to make online gambling transparent and secure is to keep up with the latest technologies, creating viable laws, and allowing anyone to join a gambling site without any restrictions.

Forbidden fruit is sweet, so players will always find a way to enjoy video slots and table games. The only question is whether the government will ensure that the process is fair and protected.

Original post:

The Paradox of Online Gambling in the USA - Easy Reader News