Daily Archives: April 27, 2022

RSI Scores Hat Trick by Winning Three Prestigious Awards for BetRivers & PlaySugarHouse Brands

CHICAGO, April 27, 2022 /PRNewswire/ -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI") has been named Operator of the Year, Customer Service Operator of the Year and Social Gaming Operator of the Year at the EGR North America Awards 2022. The EGR Awards are regarded as the gold standard in the online gaming industry, celebrating excellence in the North American online gaming industry. The independent panel of judges for these premier gaming awards, who are all e-gaming experts, recognize the leading operators who have demonstrated outstanding performance over the past year.

For the Operator of the Year award, RSI was judged on its growth and commercial success, player retention, and differentiation and originality of product. RSI stood out from the competition with continued revenue increases, premiere betting content and strong user experience, and its in-house developed online gaming platform.

For the Customer Service Operator of the Year award, RSI was judged on its collaborative and communicative culture as well as continual training and development. RSI differentiated itself from the competition with its unwavering commitment to transparency, excellent customer service and the company's approach to making every player know and feel that they are valued. RSI has won this award every time since its inception.

For the Social Gaming Operator of the Year, RSI was judged on its ability to increase engagement and visitation to land-based casinos while generating growing revenues. RSI's revenue increase, wide selection of game content, strong operations, and in-house developed social gaming software helped RSI rise above the competition to achieve this award.

"It is an honor and especially meaningful for RSI to be recognized by the gaming industry's top leaders for our passion to develop innovative and intuitive betting experiences and for always prioritizing earning and retaining our players' trust," said Richard Schwartz, C.E.O. of Rush Street Interactive. "It's especially rewarding that EGR recognizes that RSI continues to enhance our customer offerings to provide a best-in-class user experience in both social and real-money gaming. The customer service of the year award has only been awarded three times and RSI has won each time, reflecting our dedication to engaging and retaining players."

RSI was previously crowned Casino Operator of the Year, Customer Service Operator of the Year and Social Gaming Operator of the Year at the EGR North America Awards 2021.

"These crowning achievements are a tribute to RSI's talented team," Schwartz added. "Their passion and collaborative spirit, to constantly improve the quality of our real money and social gaming products and customer service, is what leads to such honors."

In North America, RSI develops and operates a proprietary gaming platform powering online casinos and sportsbooks for BetRivers.com andPlaySugarHouse.com. It is currently live in 13 U.S. states and this month launched BetRivers in Canada.

About RSIRSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States, Canada and Latin America. Through its brands, BetRivers.com, PlaySugarHouse.com and RushBet.co, RSI was an early entrant in many regulated jurisdictions. It currently offers real-money mobile and online operations in thirteen U.S. states: Pennsylvania, Illinois, New Jersey, New York, Connecticut, Michigan, Indiana, Virginia, Colorado, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada and Colombia. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2020 Global Gaming Awards Digital Operator of the Year, the 2021 EGR North America Awards Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year, and the 2021 SBC Latinoamrica Awards Sportsbook operator of the Year. RSI, which received RG Check iGaming Accreditation from the Responsible Gambling Council for its BetRivers.com and PlaySugarHouse.com sites, is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visit http://www.rushstreetinteractive.com.

SOURCE Rush Street Interactive

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RUSH STREET INTERACTIVE NAMED OPERATOR OF THE YEAR, CUSTOMER SERVICE OPERATOR OF THE YEAR AND SOCIAL GAMING OPERATOR OF THE YEAR AT EGR NORTH AMERICA...

Posted on: April 26, 2022, 09:20h.

Last updated on: April 26, 2022, 02:59h.

Club Pro Guy (CPG) and online sportsbook and iGaming platform betPARX are partnering up.

The satirical character, who depicts a fictional version of a local professional club pro online, has amassed a large following on social media. betPARX, the digital sportsbook unit of Parx Casino, located near Philadelphia in Bensalem, Pa., hopes to influence CPGs millions of fans and turn them into legal sports bettors and online casino players.

CPG unveiled the partnership today through a roughly two-minute video. In the spot, CPG says the gaming affiliation is yet another amenity that will be provided to members of his semi-private Three Jack National (3JN) golf club. The unbuilt Hank Jones signature-designed course is to be constructed west of Kansas City next to Interstate 635.

I believe in giving my members the chance to gamble as much as humanly possible, CPG says in the humorous production. Not only is betPARX affiliated with the PGA Tour, but its also the place to bet on golf.

Excited to #announce a new partnership that's about to take @3jacknational to the next level. @betPARX pic.twitter.com/XSg60mqVul

Club Pro Guy (@ClubProGuy) April 26, 2022

While Club Pro Guy is a satirical person who routinely promotes the local strip club Bottoms Up and Three Jack Nationals beverage cart girl Anastasia, the social media characters arrangement with betPARX is legit. The iGaming and online sportsbook is currently live in Pennsylvania, New Jersey, and Michigan. The platform is set to launch in Ohio in the coming weeks.

CPG told his followers that betPARX offers an abundance of pre-and in-tournament betting opportunities. But then the outlandish fictitious golf pro comically discussed the dangers of gambling too much.

Say youre watching a tournament on TV and you want to throw 30 bucks on whether Rory McIlroy hits this next green in regulation, CPG said. After a fade into the greenside rough, guess what? Youre down $30 and its time to start chasing [losses].

If youre anything like me, the next thing you know, youre selling counterfeit shafts to your members in order to pay your rent, CPG jokingly continued. Bet where CPG bets. Download the betPARX app.

Caddyshack, golfs most revered comedy flick, features the iconic line, Gambling is illegal at Bushwood! delivered by the character Judge Smails.

Smails, portrayed by actor Ted Knight, responded to Rodney Dangerfields character Al Czervik offering to bet the judge $100 that he would slice his tee ball into the trees. I never slice! Smalls adds, as his drive indeed slices right.

While gambling might have been illegal at the fictional Bushwood Country Club, legal betting on professional golf is today permitted in more than 30 states. But Missouri, home to CPGs Three Jack National, remains one of the states that remains on the sidelines of legal sports betting.

Last month, betPARX became an official sports betting partner of the PGA Tour and the annual Memorial Tournament hosted by one of the sports all-time greats, Jack Nicklaus. The Memorial is played at Nicklaus Muirfield Village Golf Club in Dublin, Ohio.

The PGA Championship is the next of the four majors. 2022 Masters champion and world No. 1 Scottie Scheffler is the betting front-runner at 12/1. Jon Rahm, Justin Thomas, and McIlroy are next at 14/1. Colin Morikawa rounds out the top five at 16/1.

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Club Pro Guy 'Lynx' Up With betPARX Sportsbook and Online Casino... - Casino.Org News

Much has been said about the size of Indias betting market - be it online or underground. It is in order of billions, to say the least, with punters finding ways to satiate their betting appetites - whether it is directly on sports or through fantasy gaming. But what hasnt been touched upon much is the psychology of these Indian bettors - how do they approach the whole sphere of online gambling? What do they like and dislike? In this article, we attempt to shed some light on the topic.

Going to a YouGov Research on Global Gambling Attitudes, a study found that up 25 per cent of adults in India agree with the statement I really enjoy betting. This is interesting, considering that India is still somewhat of an emerging and grey market owing to the ambiguity around the legal status of online sports betting and online gambling. But the fact that the proportion is still higher than the regulated, developed markets in countries like the Netherlands, Germany, Australia, and France is worth noting.

Within this, another subset emerges - among the Indian adults who enjoy betting, 29 per cent of them are intrigued by the idea of making money through fantasy sports.

If we think about it, it does not come as a huge surprise. The fantasy sports segment in India has grown exponentially over the last several years, with platforms like Dream11 and others slightly displacing the traditional betting patterns. Another thing that has helped them a great deal is their legal acceptance by the Indian judiciary system.

Since fantasy sports are deemed as a game of skill and not a game of chance, Indian courts have ruled in favour of online fantasy sports platforms, thus paving the way for country-wide acceptance and popularity.

That said, the fact remains that regular sports betting is still largely prevalent in India. Punters can go on any Indian betting site, place their wagers on sporting events of their choice, and make profits. To put things into perspective, the gambling revenue in India is upwards of $130 billion, as of 2018. By contrast, Dream11 - Indias largest and most prominent fantasy sports platform - made close to $260 million (Rs.2,075 crore) in FY 2020.

It would be an understatement to say that online betting in India is shaped mainly by a cultural perception. More often than not, the negative connotations associated with sports betting give it a bad rap. Some of them include:

However, what drives people to bet in India is to get more out of the sports. A majority of sports enthusiasts believe that getting closer to an immersive, all-around media and sports experience is the essence of real-money gaming. In other words, those who follow sports want to get more of it, and if it makes them money in the process, that is an acceptable outcome. Hence, some take the way of fantasy sports while others adhere to traditional betting.

Whatever may be the case, people want to use their knowledge of sports and their analytical skills to make money on it, despite the fact that Indian laws heavily distinguish the two as a game of skill and a game of chance.

But there are a few other reasons why Indian bettors love to gamble. Of course, the thrill factor or risk-taking is at the top of the list - the adrenaline rush you get when placing a wager, which may sometimes also lead to greater risks, higher bets, and possibly higher losses.

Then, you also have the element of escaping the monotonous routine of daily life and connecting with peers. In this case, betting is sought as an escape mechanism for bettors to deal with emotional issues, loneliness, or boredom by joining a new reality and enjoying it with friends.

As pointed out in ENV Medias Market Paper on Sports Betting,It has been found in psychological studies, however, that it offers an easy way out to cope with stress and other emotional issues. The temporary escape of being slightly anxious about a sports game outcome (even if tied to a certain sum of money) is a sought alternative to worrying about daily demands on a personal, professional, or another level.

Another aspect that appeals to Indian bettors is the glamorous lifestyle associated with big monies. It seems like an easy, quicker route to becoming rich overnight and the same has also been elucidated often in film and mass media culture - the Dream11 ads in this regard take the cake. People consume these advertisements day in and out (thanks to lucrative sponsorship and ad deals) and sooner or later, are likely to give it a try.

The emerging betting market of India holds a lot of promise from a business point of view, but also offers an exciting insight into how the market functions. While people love to bet online, there is a growing userbase of those who prefer fantasy platforms over the traditional betting avenues. Nonetheless, the psyche behind them is quite similar - varying from the thrill of it to leveraging sports knowledge to make money or finding emotional reprieve in the space. But the lack of regulation at the moment still means many are open to the pitfalls of gambling addiction - regulating this market will undoubtedly go a long way in protecting the interests of the users.

DISCLAIMER: This advertisement is an advertorial and a paid feature and the views expressed are that of the Author. ABP and/or the channel neither endorse any gambling activity nor in any manner whatsoever glorifies or supports gambling and is not responsible and/or liable in any manner whatsoever to all that is endorsed/opined/stated in the sponsored Article and/or also with regard to the views, opinions etc., stated/featured in the same. It is solely the responsibility of the reader(s) to verify and confirm anything stated/featured before attaching any credibility to it. Gaming/gambling activities are highly addictive and are also illegal in many states/jurisdictions of our country. The readers are strictly advised to be extremely cautious, careful, updated and to be well advised on all Gaming Laws and also not to engage in any illegal gambling/gaming activity. Accordingly, reader(s) discretion and thorough due diligence is advised. The said advertorial feature does not in any manner whatsoever lead the reader to engage in any gambling or any unlawful gaming activity and ABP shall not be in any manner responsible for any losses incurred or for any other consequences that the reader may suffer by placing credence and reliance on the contents of this Article.

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The Mind Of The Indian Bettor How India Bets Online - ABP Live

Earlier this month, New Jersey debuted its first esports betting platform: the VIE.gg esportsbook, operated by online gambling company Esports Entertainment Group. The announcement was far from being just another licensure, representing a landmark event for a number of reasons. It provides esports bettors with a legal means through which to engage with their passion; confirms the Garden State as a pioneer of online gaming and confirms EEG as a pioneer in this space, which has now become the first licensed esports gambling site in the US market.

"I think it proves to the market that were a credible, legitimate operator," CEO Grant Johnson tells Yogonet in an exclusive video interview. "Weve had many conversations and calls from other groups in other states, and well be able to create accurate financial modeling for what esports gambling looks like." The opportunities opened by the historic launch are mutliple, and Johnson discusses them at large.

Additionally, the executive talks about a second landmark event that also finds EEG at its center -the first sanctioned skill-based wagering event, a Madden tournament held in Hard Rock Atlantic City-, as well as the key features of the company's player-versus-player betting product. EEG invited 8 casino operators, and its internalobjective is to have a casino agreement in place before fall. Lastly, the CEO discusses how the esports betting industry is advancing in the country, and what to expect next from this growing segment.

The company has now launched its esports betting platform in New Jersey, a first for the state. What can you tell us about this landmark event?

Getting through the regulatory process to be the first, and currently the only, licensed esports gambling site in the American market had its own challenges. When you are first doing anything, its always a little bit more difficult.

New Jersey has always been an innovator in online gambling: they led the charge to get online sportsbooks approved, and thats changed everything in the market. Thankfully, they had that commitment to getting through this process, because there are a lot of things we learned along the way that we didnt expect.

We got through, and now were up. What does that mean for us? I think it proves to the market that were a credible, legitimate operator. We now have five tier-one licenses, but more importantly, for the American market, we have a US license.

Has that opened other opportunities? Yes. Weve had many conversations and calls from other groups in other states; weve presented and participated in the State of Ohio, where we were instrumental in getting esports added to their regulatory framework. We have excellent partners in Ohio, and there are other states were talking to.

We will now have an opportunity to market unrestricted in the state of New Jersey, and well be able to create accurate financial modeling for what esports gambling looks like, because nobody really knows. We all believe that theres a lot of gray market activity that takes place. So we know theres a demand, but we dont know how big it is. We will know that now.

Going to the specifics of the new esportsbook, what are the main features of the product and what options does it give to users?

It functions the same as a sportsbook, the software platform is the same. It has over/under, theres a handicapping system And this will allow for fans of esports betting for the first time to wager on their favorite games; their favorite players; their favorite teams in live tournaments.

Weve also had some of the publishers in direct conversation with the DGE, which is why were able to add a Call of Duty and Overwatch league to the mix. We do know that games like Madden, FIFA, and 2K are very popular in the United States, so were looking at additional titles.

Being first makes us more credible and attractive to the publishers as well. They dont have any need to take any chances if theyre going to do something in gaming. They want to make sure theyre dealing with a transparent, credible operator.

What this will also allow us to do is see which titles are the most popular with the American gambler. Were going to learn which is the biggest title in the North American market with the site.

New Jersey is unique, because it has Philadelphia in the south and New York in the north, so not only it is the 11th biggest state by population - it has the benefit of being geographically desirable because of those two big markets, which are right there. Were going to be able to open the market up to pent-up demand.

There are a lot of gray market bettors right now, and we believe that given the choice of a credible site, a substantial number of those people would rather deal with a licensed platform that is protecting them. Because theyve got the DGE, the SEC, looking up for their best interest.

Because it is a sportsbook license, we will probably, in the future, bring our sportsbook platform in as well. But well be esports-first versus what you see today. Sportsbooks have their product first, and theyll offer a couple of line extensions on some DOTA and League of Legends.Sports will be the line extension for us.

What impact do you expect this historic launch, and the growing interest in esports betting, to have in other jurisdictions? Will they take notes from this launch?

Weve already had some regulatory bodies from other states reach out to us to ask us if we could come and testify at hearings, as theyre exploring what esports look like, and if it should be added to the sports gaming regulatory framework. Our CFO and our head of strategy presented twice in Ohio.

Being now recognized by one of the leaders in the sportsbooks market - that puts us above our peers. When these regulatory bodies consider adding esports, they reach out to us. Weve had three other states reaching out to us; regulators in those states. We expect more of that going forward.

If we talk about big gaming states, we must mention Nevada. Last month, the Esports Technical Advisory Committee had its first meeting. Whats your take on this new entity, and what role do you expect it to play?

One of our staff members -our head of strategy- presented. Obviously, Las Vegas is, the biggest location - its the mecca of gaming in the North American market. It is a key market, and it factors very heavily in our future plans. Thats about as specific as I can get right now.

In regard to other markets outside the US, you have mentioned the opportunity of expanding to Ontario, which has now launched its market. Can you tell us about this market in particular, and others where the company is looking at opportunities?

Ontario is a big landmark. As far as the Canadian market is concerned, I believe it is the most important in the country. Given that we just launched in New Jersey, were just getting started there. But of course, Ontario would be, for the Canadian market, the most important jurisdiction for us to look at.

Another recent landmark achievement for the company in New Jersey was the first sanctioned skill-based wagering event, which was held in Hard Rock Atlantic City. What would you describe as the main takeaways from this event, and what was the reception of the new LANDuel platform like?

There are a lot of very encouraging takeaways. Number one, we learned that gamers want this type of product. Its easy to understand - Im gonna play Madden with you, and were gonna bet 25 on it. I dont have to understand the over/under; or whats the spread. Im not betting on somebody. Its not a gambling product but a betting one, so its regulated differently and you dont need a gambling license.

We took extra steps because we felt that this was a product that casino operators would find interesting to bring to their venues. And what we learned at the event was that the players will come, because they came. We had about 400 people sign up immediately to come out to the event.

Unfortunately, the weekend we picked was during the Final Four in March Madness, and all the hotel rooms were up. That was great for Atlantic City, but it made it difficult for some gamers, who drove in from Ohio to participate. That was a logistical challenge that was difficult to overcome - we wouldnt necessarily try to go head-to-head with the biggest college sporting event.

But the players liked it. The only complaint they had was that they didnt like being restricted to only being able to bet 25 a match. That surprised us - in a positive way, of course, because as a gaming and betting company you want to be able to allow players to bet what they want. We felt with the DGE that it was prudent to sort of cap it at 25 initially, just so that we could get a better feel of what was going on.

Players didnt have to bet themselves. Theyre playing in a tournament, and the betting was optional, all the way through. Some of the players tried to make 500 side bets, but it was a regulated event in the casino and the DGE was present, so we clearly couldnt allow that. But we were encouraged that there was an appetite.

We invited eight casino operators down to come to see the event, and then had a meeting to talk about the product. The operators thought for themselves that this was a product that was interesting to the under-30 crowd. Theyre not getting this crowd back, and that was what theyve been trying to figure out - how they get that younger demographic into their physical venues.

Because its not just betting - they stay in hotel rooms, they buy food, they watch a show. There are a lot of economic trickle-down elements to having this very lucrative demographic in their casinos. So I saw firsthand that of the eight casinos that came out, all eight operators want to follow up, and that was very encouraging.

What is next for the LANDuel platform in general and in regards to integrations with the Hard Rock casino in specific?

We are following up with the operators who came. They want to see some of the mathematics, what this looks like on the economic side What happens if they have a 40-station gaming room or a 100-station gaming room, and just sort of walk through how that could be installed, and how quickly could they get trained and operational.

I would say our objective is to have a casino agreement in place before fall. Thats our internal objective. Im not saying that theres a contract on the table - there isnt as of todays date, but thats our internal objective.

Do you still believe esports betting will become as big as sports in 10 or 15 years? And what role do you expect the company, having entered this space so early, to play within this landscape?

Yes, I believe it will get on the same par as sports betting, but its going to take some time. There were some fairly wild numbers being thrown around the last couple of years about how big esports betting is, but nobody really knows how big it is yet. But well have some hard numbers to work with here over the rest of this calendar year.

That said, if we look back in time five years ago, you know how many universities had esports teams? Zero. And now you have over 200 institutions of higher learning that have esports varsity teams. They have intercollegiate teams. And approximately 100 of those schools have scholarship programs.

High schools now have esports and gaming rooms. Thats the critical path; thats the ecosystem thats going to build the industry. As those gamers and their fans get older and they graduate, they get jobs, they have more disposable income. Thats when esports is going to start to get on par with sportsbooks.

Do I think its two years? Not a chance. Do I think 10 years? Maybe. 15 years start to get more realistic, possibly as long as 20, but its going to happen. The gaming industry is already bigger than music and movies, so its already got a huge footprint. There are three and a half billion people that consider themselves gamers.

Its a massive audience; they just have to get comfortable and used to following certain teams that have relevance to them. Were starting to see more leagues stationed in cities, with more structure to those leagues, and were starting to see college and university teams, with the student body that follows them

Its a whole system that has grown. You cant just magically make a boom. It has to mature as the audience matures. So itll get there; I absolutely believe it. Clearly, were committed to it. I think the faster-moving product, though, will be the skill-based product; the player-versus-player product. I think thatll get there more quickly.

But the two are key elements to what will make for a healthy industry, and we have the pole position on both. Were the first for the esports gambling license, and the first with a player-versus-player platform thats been approved by a recognized regulatory body.

Watch the full video interview with EEG CEO on our YouTube channel.

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"To be the first and only licensed esports gambling site in the American market proves that we're a credible, legitimate operator" - Yogonet...

Nepal Telecommunications Authority warns of action if anyone is found involved banned activities

KATHMANDU, April 26: The Nepal Telecommunications Authority (NTA), the regulatory body for the telecommunications and technology sector, has started taking action to control illegal online economic activities. The NTA has shut down websites and apps including online virtual currency (cryptocurrency), Bitcoin, hyper networking and online gambling.

The authority has said that such online sites and apps are not allowed to be used, operated and managed in Nepal and have been blacklisted. The regulatory body has also urged the people to provide information regarding such online practices and apps through email and has warned of legal action if anyone is found involved in such practices.

The NTA has decided to shut down the website and apps after finding that many Nepalis living in the country and abroad are involved in illegal transactions such as crypto, hyper-fund and networking.

As Nepalis living abroad have increased their investment in illegal networking businesses such as crypto and hyper-funds, the remittance inflow has been declining. This has resulted in the decline of flow of remittances in the country.

The NTA has stated that transactions using digital technologies such as virtual currency, networking marketing and online gambling, which are not legally recognized as monetary instruments in Nepal, are on the rise. The regulator has made it clear that it will help in controlling transactions including illegal cryptocurrency.

Similarly, the Central Investigation Bureau (CIB) of Nepal Police has arrested some persons involved in crypto business and has taken action against them.

Earlier, in the case of illegal online gambling, the NTA has been assisting in various technical aspects including identifying and tracking such sites.

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Nepal shuts down online gambling, crypto sites and apps - Myrepublica