Aristocrat wants to become a world leader in gambling and more
Aristocrat plans to become the world leader in online gambling
In its latest report, the Aristocrat brand indicated the company’s goal for the coming years is to become the largest online gambling platform in the world.
The company plans to expand first in the US and avoid the European market for five years.
Americans spent $125 billion on betting for over 4 years of gambling legalization in the USA
After the decision of the Supreme Court on the legalization of gambling in the United States, Americans spent $125 billion.
8.8 billion of this amount remained with the bookmakers, and 1.3 billion returned to the states in the form of taxes.
It is worth noting that gambling is still not legal in all US states.
The system of issuing licenses for online gambling proposed to be changed in Switzerland
It was proposed to change the system for issuing licenses for online gambling in Switzerland. A similar proposal was made by the analytical center for economic and social issues Avenir Suisse. In their report, the center’s analysts criticized the gambling regulation system that operates in the country.
As specified in the document, tax revenues from some casinos operating in Switzerland are not directed to the cantons in which these gambling establishments operate.
According to experts, exacerbating the problem is that when regulating online gambling, a number of functions are divided between federal and cantonal authorities.
Experts believe that the government is not required to take on the role of an operator, but it should focus on regulation instead. In addition, the direct redistribution of gambling revenues should be entrusted to the government, and not carried out at the local level. Thirdly, it is proposed to abandon the model when the right to provide services in the field of online gambling is received by holders of licenses for operating land-based casinos.
“Unlike the current system, in which online gaming is an exception, the opposite is expected in the future. Land-based games will be treated as exceptions, which will turn the system on its head,” the authors of the document explained their proposal.
As a reminder, there are currently 21 land-based gambling establishments in Switzerland, and in the future their number is planned to be increased to 23. Eight casinos are located in large cities and operate under a Class A license. Since July 1, 2019, these gambling establishments have been entitled to provide online gambling services as part of partnerships with online operators.
The revenue of Sportradar increased in the first quarter of 2022
Sports statistics provider Sportradar has reported its revenues for the first quarter of 2022.
The company’s revenue increased by $186.4 million, up 31% compared to the previous year.
In the US market, the operator was able to achieve the highest revenue growth – by 124%.
Catenamedia increased revenue by 11% in the first quarter of 2022
Catenamedia, an igaming brand acquisition company, has published its first quarter 2022 results report.
The company’s revenue amounted to 45.2 million euros, which is 11% more than in the previous period.
The largest growth was recorded in North America, where revenue was increased by 32%. This region is the main one for the company and brings 65% of all profits.
BetMGM cuts costs in New York due to high taxes
One of the largest online operators in the US BetMGM announced that it would reduce significantly promotion costs in New York.
The company attributes this to an incredibly high tax rate of 51% of total tax revenue.
In the first quarter of 2022, BetMGM was the fourth bookmaker in New York based on market share.
FanDuel continues to develop the casino with the appointment of Asaf Neufeld
FanDuel operator Flutter Entertainment has appointed former CEO of PokerStars Asaf Neufeld as the new manager of the casino.
Neufeld will be responsible for control over the FanDuel casino business.
It is noted that he worked at PokerStars for eight years and was involved in developing of the business, as well as led initiatives in the field of marketing and product functionality.
Neufeld also worked at 888Casino, having gone through many positions.
He will operate from FanDuel’s New York headquarters, which manages FanDuel’s casino activity in the New Jersey, Pennsylvania, Michigan, West Virginia and Ontario markets.
LeoVegas Group improves gambling safety in Sweden and Denmark
The LeoVegas Group has announced a new milestone in its work with players in Sweden and Denmark. Now their actions will be analyzed by artificial intelligence. Customers at increased risk of gambling addiction will receive personalized messages. They will contain information on safe play and user tools available.
The LeoVegas Group decided to take this step after its success in the British market. The introduction of smart customer monitoring in the fall of 2021 led to increased use of responsible gaming tools by customers. Many of them have reduced deposit limits and bet sizes. Now it’s time to use artificial intelligence in the Swedish and Danish markets.
The LeoVegas Group said in a statement:
“We are pleased that our efforts to provide customers with a responsible gaming experience have yielded excellent results. Personalized messages were especially effective. Their implementation, combined with the operating of artificial intelligence, has ensured a steady increase in the use of various tools for safe play. They have had a positive impact on our UK clients.”
Representatives of the LeoVegas Group added:
“We decided to go further and implement a similar approach to interacting with players in the Swedish and Danish markets. Now artificial intelligence will analyze their actions and behaviors. At-risk customers will receive personalized messages with helpful information and instructions on how to use the responsible gambling tools. Our company is confident that this will make gambling in Sweden and Denmark safer.”
Regulated online gambling market opened in Ontario on April 4
A licensed and regulated online gambling market opened in Ontario on April 4, 2022. The province became the first in Canada to legally accept online bets. In the first year of the online gambling market, Ontario is expected to receive $800 million.
Recall that the local authorities announced plans to end the monopoly on online bets of the Lottery and the Ontario Gaming Corporation and open the market for private operators in 2019.
In September 2021, following stakeholder consultations, the regulator published revised rules for accepting bets on sports, including esports and fantasy sports. These rules have been integrated into the existing regulations for online gaming, which were prepared in July last year. They specifically include disabling autoplay for online slots.
As of early April, iGO has issued 25 online licenses.
In addition to operators, 41 providers received licenses. More than 700 online games have also been certified for use in the province.
BetMGM starts cooperation with Houston Astros
American betting operator BetMGM announced an agreement with Houston Astros, according to which it will be an exclusive bookmaker partner of the team.
Within the framework of this cooperation, the home stadium of the team at Minute Maid Park will be featured with BetMGM signage, with a sign on the wall and a rotating sign behind the home plate. The company will cooperate with the Astros to create exclusive betting offers for the team’s fans in Louisiana, because sports betting is still illegal in Texas. In addition, the company will acquire other marketing and usage rights and has stated that they will tailor the experience for players, including travel to watch the team compete, take their first steps in games, and more.
New Jersey Gets Fixed Odds Horse Betting
Players in Garden State can now make bets on horse racing at fixed odds after the service of BetMakers Technology Group was intoduced in New Jersey.
The product was launched on May 7 in conjunction with the New Jersey Thoroughbred Riders Association at Monmouth Park. Those who wish to get in on the action can do so at self-service kiosks, although mobile app and online betting will be available at some point in the future. The company also announced that they were working with New Jersey licensed bookmakers to make betting available on their respective sites.
