Latest News
Kambi Group deals with MGE
Reading Time: 1 minute
MGE deals with Kambi to power its online and on-property sports betting products at Mohegan Sun.
Mohegan Sun is consistently being ranked among the world’s top resort and entertainment destinations.
Mohegan Sun property is situated in south-eastern Connecticut and boasts both Casino of the Earth and Casino of the Sky, a state-of-the-art poker room and three major entertainment venues.
MGE deals with Kambi because of its track-record of lawful and responsible delivery in the US, including the quality and flexibility of its sports wagering products, trading and risk management capabilities and unrivalled speed to market—both online and on-property.
In the meantime, the Kambi Sportsbook will be integrated into Mohegan Sun’s iPro gaming platform to power a free-to-play sportsbook, enabling Mohegan Sun patrons to familiarise themselves with the Kambi product ahead of a regulated real-money launch.
Kristian Nylén, Kambi Chief Executive Officer, said: “Kambi’s strategy in the US is to partner with the biggest and best gaming operators each state has to offer. In Mohegan Sun, not only have we partnered with one of the two largest casinos in Connecticut, but also one of the leading gaming and entertainment destinations across the whole of the country.”
Aviram Alroy, VP of Interactive Gaming for Mohegan Gaming & Entertainment, said: “Mohegan Sun’s goal is to utilise our brand and strong presence in the state and after a long vetting process, we found that Kambi was best positioned to complement that, as they’re the most sophisticated and comprehensive Sportsbook out there. That, along with a highly experienced and responsive team, placed Kambi well above the competition in the selection of a sports betting strategic partner in Connecticut.”
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Kambi Group deals with MGE
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.
Latest News
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.
Latest News
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.
-
Latest News2 months ago
India’s top gamers Jonathan & TechnoGamerz to face off in eFootball showdown at DreamHack India 2024
-
Latest News2 months ago
The 2024 PUBG MOBILE Global Championship (PMGC) Grand Finals Arrive in London!
-
Latest News1 month ago
GamCare releases Annual Report following record breaking year of support on the National Gambling Helpline
-
Latest News2 months ago
Mortal cements his name as face of Indian gaming, wins ‘Content Creator of the Year’ at global Esports Awards 2024
-
Latest News2 months ago
Abios powers upcoming gaming media platform Apollo with in-play statistics for League of Legends
-
Latest News2 months ago
Mythpat, GamerFleet, Piyush Joshi Gaming: India’s popular Minecraft Players Gear Up for the Ultimate Battle in Creators Rumble
-
Latest News2 months ago
MelBet Appoints Bollywood Actress Sherlyn Chopra as its New Brand Ambassador
-
Latest News3 months ago
Booming Games Partners with Hollywoodbets to Launch Immersive Slots Games in South Africa
You must be logged in to post a comment Login