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Gaming Americas Weekly Roundup – January 29-February 4
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, new partnerships and new appointments. Read on and get updated.
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Aristocrat Gaming announced that it has been awarded entry into the Québec video lottery terminal (VLT) gaming market. Distribution of Aristocrat VLTs is anticipated to begin in early Summer 2024.
Great Canadian Entertainment has opened an 18-table poker room at Pickering Casino Resort. The room is located on the third floor and will operate 24/7. The room has 16 traditional tables and two private high stakes rooms. It has a bar and tableside food delivery from The District, the resort’s food hall. The casino itself opened last year.
eCOGRA, the globally renowned Independent Testing Laboratory specialising in the testing, inspection and certification of online gambling software and systems, announced the opening of its new office in Denver, Colorado, marking a significant milestone in their expansion into the US.
BlueBet Holdings announced that its wholly owned subsidiary, BlueBet Louisiana LLC, has been licenced to operate in Louisiana under its ClutchBet B2C brand and has taken its first bets. Louisiana is ClutchBet’s third US B2C state, with the brand already live in Iowa and Colorado, continuing the Company’s “Capital Lite” US market entry strategy.
Newport Global Advisors, a leading middle market manager of opportunistic stressed and distressed credit investment, announced the completion of the sale of Mesquite Gaming LLC. Financial terms of the transaction were not disclosed.
New Partnerships
Underdog Sports, the fast-growing sports gaming platform, announced a partnership with McConnell Golf as part of its application for a sports betting license in North Carolina. Sedgefield Country Club, a private club, located in Greensboro, and host of the PGA TOUR’s Wyndham Championship, appointed Underdog to host, manage, operate and support the Underdog branded online gambling services in the state.
Light & Wonder announced that the Company will make its Québec market arrival in 2024 through an agreement to provide Video Lottery Terminals to Loto-Québec. Under this agreement, Light & Wonder will deliver KASCADA DUAL SCREEN gaming machines to be placed throughout the province.
New Appointments
Scientific Games has named Andrew Jackson as the company’s Vice President of Environmental, Social and Governance. Jackson, an expert in ESG with a background in multiple areas of engineering, joined Scientific Games in 1999. He most recently served as the Director of Quality, Compliance and R&D, based at the company’s UK instant game production and technology facility.
DraftKings has appointed Marie Donoghue as its new chief business and growth officer. Donoghue last served as Amazon’s vice president of global sports video. It was confirmed she was leaving the company earlier this month. In her new role, Donoghue will play a key role in driving further growth for DraftKings as it explores new business opportunities. She will also be charged with spearheading various internal processes.
Maurice Wooden has been appointed the president of Fontainebleau Las Vegas, a five-star luxury resort and casino on the Las Vegas Strip. A 36-year veteran of the luxury hospitality sector, Mr.Wooden’s experience and expertise complement the newly opened Fontainebleau Las Vegas, which is built upon a 70-year legacy of sublime beauty, unparalleled service and timeless design.
Latest News
Pennsylvania Skill, powered by Pace-O-Matic, applauds casinos for hitting revenue record of $6 billion in 2024
Incredible success creates questions about why casinos continue assault on skill games
Pace-O-Matic, the developer of Pennsylvania Skill games, congratulated the Pennsylvania Gaming Control Board (PGCB) and state casinos which saw an all-time high of $6.1 billion in revenue in 2024 and broke records during every month except one.
The 7.7% revenue increase from 2023 to 2024 comes from slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). The record includes a 25% increase in online gaming — iGaming — revenue over the previous year as more people turn to that form of gambling.
As the PGCB and casinos celebrate yet another enormous 12-month financial win, small businesses, veterans groups, volunteer fire companies, and other fraternal clubs across the state are also hailing the supplemental income they receive from operating legal skill games. Many would need to make difficult economic decisions without the revenue.
“It is tremendous that the state ended the year on such a high financial note with monthly and annual record-breaking revenue totals from casinos and other gambling enterprises under the jurisdiction of the PGCB,” said Mike Barley, chief public affairs officer for Pace-O-Matic, which created legal Pennsylvania Skill games. “This proves that casino gambling and small businesses and volunteer organizations that host skill games can coexist and succeed. No competition exists between the two.”
As the new legislative session begins, Barley also said he hopes casinos will not oppose legislation that fairly regulates and taxes skill games.
There is bipartisan, bicameral backing for legislation to be introduced by Sen. Gene Yaw and Rep. Danilo Burgos that will put guardrails around skill game operations and provide $250 million in new tax revenue for the state during the first year.
That revenue will only be generated through a reasonable tax on skill games. Barley added that casinos oppose the current 16% tax on skill games and want to see it more than doubled.
“Sadly, after years of unsuccessful legislation and legal challenges seeking an outright ban of skill games, the casino industry is now working to stop skill games through a business-killing tax rate. There is no way small businesses, American Legions, volunteer fire companies, Elks Clubs, and other places that count on skill games can pay the outrageous tax rate casinos champion.”
Propelled by a huge 25% increase in iGaming revenue, the combined 2024 revenue number is $6,137,414,455. During the last two years, as casinos fought skill games, this is the breakdown of the record revenue they were enjoying, according to the PGCB.
Percentage increases are for 2023 over the same months in 2022
- January – 18% increase
- February – 22% increase
- March – 11% increase
- April – 3% increase
- May – 7% increase
- June – 13% increase
- July – 9% increase
- August – 7.5%
- September – 6.2%
- October – 7.3%
- November – 1.7%
- December – 12.5%
Percentage increases are for 2024 over the same months in 2023
- January – 2.7%
- February – 9%
- March – 7.6%
- April – 5.9%
- May – 8.8%
- June – 7.1%
- July – 7.2%
- August – 11.6%
- September – 6.1%
- October – 2.8%
- November – 26%
- December – Nearly the same number as last year
For further information CONTACT: Jeanette Krebs, Pennsylvania Skill , [email protected]
The post Pennsylvania Skill, powered by Pace-O-Matic, applauds casinos for hitting revenue record of $6 billion in 2024 appeared first on European Gaming Industry News.
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Zenex 2.0: Revolutionizing the iGaming Industry in 2025
Zenex, the pioneering token in the iGaming sector, is proud to announce the launch of its transformative Zenex 2.0 strategy. Picture a digital platform that speaks to gambling sites, payment solutions, and everyday traders all at once. That’s the broad idea behind Zenex 2.0.
It merges the hustle of the iGaming world with a unique token approach, weaving both real-time payouts and cutting-edge compliance tech into one flexible system. Folks who’ve been tracking this market may recall all sorts of attempts at payment gateways, but ZNX initiative sets its sights on bridging that gap between operators who demand stable clearing channels and players who crave quick gains. The end result is a setup that rewards everyone involved.
Redefining the iGaming Ecosystem
Since its inception in 2021, Zenex has been on a mission to reshape the iGaming industry by creating a resilient and forward-thinking ecosystem. With Zenex 2.0, this vision is elevated to new heights, addressing key industry challenges such as payment compliance, user engagement, and the optimization of operational costs through in-house IT developments and blockchain technology.
OnRamp Solution: Mitigating Miscode Risks
A major obstacle for iGaming businesses has been the issue of miscode transactions, which can result in fines ranging from $50,000 to $450,000 per violation. Despite this, many industry leaders are forced to operate in regions with restrictions, relying on methods that expose them to penalties. Zenex OnRamp provides a less risky alternative: it recasts deposits as token acquisitions instead of labeling them as gambling payments. This subtle shift cuts the chance of miscodes and simplifies how users fund their accounts.
Exclusive Discounts for Payment Services and Lowered Rolling Reserves
Traditionally, iGaming businesses are required to maintain high rolling reserves, leading to substantial initial deposits. With the introduction of Zenex tokens, businesses now have a more efficient and advantageous solution. By holding rolling reserves in ZNX tokens, merchants can access discounts on payment services. Additionally, transactions made through Zenex tokens come with reduced fees, including discounts on payment processing, risk management tools, and custom software development.
Zenex for Players, Token Holders, and Investors
Growth through the Burning Mechanism: A percentage (1-2%) of tokens used in transactions is permanently burned, reducing the circulating supply and driving up the value of ZNX tokens.
- Reward Programs: Zenex will offer attractive incentives for token holders and ecosystem participants, ensuring long-term engagement and loyalty.
- ZNX Jackpot Lottery: Token holders will have the chance to participate in the weekly Zenex lottery, where lucky ZNX holders can win a growing jackpot.
- Zenex iGaming NFTs: Token holders will also be able to become co-owners of iGaming venues such as casinos or betshops, receiving a share of the profits generated by these establishments.
Revolutionary Payment Cards for VIPs
Zenex introduces its groundbreaking payment cards that revolutionize how users interact with both online and offline casinos. These cards offer several benefits:
- One Card, Multiple Currencies: Store your crypto and fiat in a single account. Spend or withdraw instantly without juggling separate wallets or exchange apps.
- Cash on Demand: Loading up is easy at local cash points in regions like Morocco, Algeria, Tunisia, and Egypt, smoothing out deposits for players on the go.
- Truly Global Coverage: ZNX cards cut out transaction limits, so you can shop at home or abroad without hitting a spending ceiling. Plus, they support withdrawals in the local currency across 150 countries—reassuring for frequent travelers.
- Dedicated IBANs: Players get individual IBANs, simplifying big deposits and ensuring a more transparent, hassle-free experience for all.
What’s Next for Zenex?
Zenex 2.0 will begin its rollout across multiple regions starting in Q1 2025, with a primary focus on forming strategic partnerships with gaming operators, payment providers, and local businesses. Zenex is also exploring the expansion of token utility into innovative areas such as NFT-based franchise models and equity-linked wallets.
The post Zenex 2.0: Revolutionizing the iGaming Industry in 2025 appeared first on European Gaming Industry News.
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Internet Vikings Supplies RubyPlay with U.S. Hosting Solutions
Internet Vikings, a licensed in-state hosting provider for the U.S. iGaming and online sports betting industry, announces its partnership with RubyPlay, an iGaming development studio specializing in slot games and value-added tools for gaming operators. RubyPlay has made its U.S. market debut in New Jersey, selecting Internet Vikings as its VMware cloud hosting provider.
RubyPlay, known for its gaming solutions, entered into an agreement with Internet Vikings for VMware cloud hosting in the U.S. Internet Vikings’ delivery of RubyPlay’s infrastructure was completed in record time. The first order was successfully deployed within just one week, and subsequent orders were fulfilled the same or next day after agreement sign-off.
Following its successful launch in New Jersey, RubyPlay has extended its collaboration with Internet Vikings by opting for bare metal servers hosted in Internet Vikings’ data center near Atlantic City as a backup solution, ensuring data integrity and uninterrupted operations as RubyPlay expands its footprint in the U.S.
“We are proud to support RubyPlay’s expansion and to deliver their infrastructure in such a short time. We look forward to a long-term collaboration with them.” said Rickard Vikström, CEO and Founder of Internet Vikings.
When RubyPlay made the decision to enter the U.S. market, Internet Vikings’ tailored hosting solutions and proven expertise presented the perfect fit. The team’s responsiveness and collaborative approach have further enhanced this partnership, ensuring smooth operations throughout.
For press inquiries, please contact: [email protected]
The post Internet Vikings Supplies RubyPlay with U.S. Hosting Solutions appeared first on European Gaming Industry News.
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