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Pennsylvania Sportsbooks Score $316 Million November As Industry Turns 1

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baseball-2410657_1920 Pennsylvania Sportsbooks Score $316 Million November As Industry Turns 1Reading Time: 4 minutes

 

FanDuel dominates, online sports betting expands with two new brands, and Pennsylvania’s lifetime handle hits $1 billion, according to PlayPennsylvania.com

(LAS VEGAS) — Pennsylvania’s sportsbooks celebrated the industry’s first birthday in November by setting a new monthly handle record and surpassing $1 billion in lifetime wagers. The industry continues to gain steam as its online product matures, a process boosted by the recent online launch of DraftKings and Unibet, according to PlayPennsylvania.com analysts.

“Pennsylvania has come a long way in a year,” said Dustin Gouker, analyst for PlayPennsylvania.com. “Plagued with relatively high gaming taxes and early hurdles to its online launch, Pennsylvania’s future as a legal sport betting jurisdiction was murky at the beginning. But despite the issues in its infancy, the state has proven to be attractive for operators and the market is truly beginning to flourish.”

Pennsylvania’s sportsbooks accepted $316.5 million in wagers in November, up 31.2% from October’s $241.2 million, according to official data released Tuesday. Those bets generated $20.6 million in revenue — up from October’s $19.1 million win — and yielded $3.9 million in state taxes.

The totals are a far cry from November 2018 when the state’s first and only sportsbook, Hollywood Casino, generated $1.4 million in bets and $508,997 in gross revenue. Since, Pennsylvania has grown into the third-largest legal sports betting jurisdiction in the country and continues to chase neighbor New Jersey, which accepted $562.2 million in bets in November.

The most important factor in Pennsylvania’s growth was the summer 2019 launch of online sports betting. The roster of online brands has grown to seven following the November launches of DraftKings, under The Meadows license, and Unibet, under the Mohegan Sun Pocono umbrella. Those seven online sportsbooks generated 84.3% of the state’s November handle — a total of $266.7 million, up from $198.7 million in October.

“Online sports betting has unquestionably been the key driver of the state’s growth,” Gouker said. “Not only has online betting grown to account for an overwhelming majority of the state’s handle, but it has also helped spur growth among retail sportsbooks. That is a pattern that we saw in New Jersey, too.”

FanDuel Sportsbook at Valley Forge Casino remains dominant in the online market, despite fresh competition from rival DraftKings and Unibet. FanDuel accepted $149.7 million in November bets, up from $113.9 million in October, yielding $9.2 million in revenue, up from $8.1 million. FanDuel was followed by:

  • Rivers-Philadelphia ($32.4 million in handle, up from $30 million in October; $1.9 million revenue, down from $2.5 million)
  • Rivers-Pittsburgh ($30.6 million handle, up from $26.6 million; $1.7 million revenue, up from $1.6 million)
  • Parx Casino ($22.4 million handle, up from $18.4 million; $1.6 million revenue, down from $1.7 million)
  • DraftKings at The Meadows ($16.2 million handle; $1.6 million revenue)
  • Fox Bet at Mount Airy ($13.5 million handle, up from $9.8 million; $1.2 million revenue, up from $591,309 in revenue)
  • Unibet at Mohegan Sun Pocono ($1.9 million handle; $26,440 revenue)

“With the addition of DraftKings, Pennsylvania now has the two largest sports betting brands in the country,” Gouker said. “The question is whether DraftKings can make a dent in FanDuel’s market dominance, or has FanDuel’s early launch baked in its market advantages for the foreseeable future.”

Rivers-Pittsburgh’s $8.88 million handle, up from $7.7 million in October, narrowly led the retail market. That yielded $486,449 in revenue, down from $699,611. Rivers was followed by:

  • Rivers Philadelphia, formerly SugarHouse ($8.87 million handle in October, up from $7.2 million; $234,951 revenue, down from $813,839)
  • Parx ($8.1 million handle, up from $7.5 million; $739,281 revenue, down from $1 million)
  • Hollywood Casino at Penn National Race Course ($3.8 million handle, up from $3 million; $48,520 revenue, down from $350,083)
  • Presque Isle ($3.7 million handle, down from $3.2 million; $302,458 revenue, up from $194,829)
  • South Philadelphia Race and Sportsbook ($3.6 million handle, up from $2.8 million; $339,310 revenue, down from $402,272)
  • Valley Forge Casino ($3.2 million handle, down from $4.1 million; $192,492 revenue, up from $155,730)
  • Harrah’s Philadelphia ($3 million handle, up from $2.3 million; $234,355 revenue, down from $277,295)
  • Mohegan ($2.5 million handle, up from $2.1 million; $173,120 revenue, down from $305,697)
  • Oaks Race and Sportsbook ($1.4 million handle, up from $1.1 million; $149,765 revenue, down from $162,127)
  • Mount Airy ($868,026 handle, up from $641,087 handle; $43,680 revenue, down from $86,800 in revenue)

Online casino industry expands in November

The launch of poker and two new online casinos in November helped boost Pennsylvania’s gross revenue to a new high-water mark. The state’s fledgling industry, which now boasts five online casinos, generated $9.7 million in November gross revenue, up 98% from $4.9 million in October.

The launch of PokerStars Casino, Nov. 4, and Unibet/Mohegan Sun Pocono, Nov. 12, combined with the addition of poker, spurred wagers to $316.8 million, up 58% from $200.2 million in October. Poker alone accounted for $2 million in revenue in its first month, an impressive total considering the bit part it plays in neighboring New Jersey. In all, online casinos generated $2.4 million in state taxes in November.

Rivers-Philadelphia held on to the market lead with $3.2 million in revenue on $148.7 million in bets. That was up from $2.5 million in October revenue on $85.6 million in wagers. Rivers-Philadelphia was followed by:

  • Penn National ($1.9 million in revenue, up from $1.8 million in October; $57.1 million in bets, up from $56.6 million)
  • Parx ($1.5 million in revenue, up from $610,187; $55.5 million in wagers, down from $58 million)
  • Mount Airy/PokerStars ($3 million in revenue; $48 million in bets)
  • Unibet/Mohegan Sun Pocono ($131,415 in revenue; $7.4 million in bets)

“The online casino industry is finally gaining momentum, but Pennsylvania’s tax structure has definitely slowed its development,” Gouker said. “Still, with poker showing promise, especially compared to New Jersey, and new operators coming online, Pennsylvania’s market should really begin to take off.”

For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/revenue.

 

About the PlayUSA.com Network:

The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.


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: Pennsylvania Sportsbooks Score 6 Million November As Industry Turns 1

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Week 22/2020 slot games releases

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weekly-slot-releases-1-6 Week 22/2020 slot games releases
weekly-slot-releases-1-7 Week 22/2020 slot games releasesReading Time: 6 minutes

 

Here are this weeks latest slots releases!

Microgaming has introduced its newly revamped version of its classic Immortal Romance game. The original Immortal Romance online slot game has been remastered to a new HTML5 format to support a host of performance and feature upgrades, including free games and autoplay, quick spin, enhanced animations and improved audio to complement the universally celebrated original soundtrack.

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MGA Games is going to launch its latest hyperrealism series named Samantha Fox. This latest release is a tribute to the famous singer Samantha Fox. Samantha Fox hyperrealism series includes 4 mini-games that relive the career of the sex symbol with photo-shoots, recording studio, concerts and autograph signing. And, the figures of the 5 reels remind us of the personal objects of the artist and of the time period, such as leather jackets, record players and cassettes. Wild figures are especially important; they act as wildcards and substitute all others except Scatters and Bonus. Additionally, all prized spins with Free Spins have a ×2 multiplier.

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Love is in the air at Greentube’s Home of Games with the addition of the romantic new slot, Romeo & Juliet – Sealed with a Kiss2122-74 Week 22/2020 slot games releases, now available for all B2B partners! Players accompany the two romantics in the fair city of Verona and help them find love across 5 reels and 30 win lines in the captivating new online casino game. As the reels spin, Romeo tries to woo Juliet with all manner of wonderful and exciting features that make this slot a must-have, including reel modifiers, a Free Spins Bonus, and the show-stopping ‘Sealed With a Kiss’ feature, in which Romeo writes a love letter to Juliet.

RandJ Week 22/2020 slot games releases

 

Swedish slot specialist Quickspin has released its latest slot game “Diamond Duke.” With a look and feel inspired by the 50s, this game will transport players to the heyday of American diners and classic cars with chrome and wings. The inspiration has been taken from jukeboxes, vintage cars and classic 3×3 slot machines.

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High 5 Games (H5G), the industry’s leading independent casino games provider, droped its latest hit on May 27th that will have players dancing worldwide! The latest release to the company’s tentpole library is jammed pack with fun features that will keep the players grooving to the spinning reels of this 4×5 slot game. Beat the House debuts this week, featuring H5G’s newest game feature Beat Boxes. Players can hit the turntables and land a “beat” symbol to leave behind a Beat Box. Each symbol with the highlighted Beat Box are now doubled when a win is landed. When the player gets a full reel of Beat Boxes, the entire reel turns into a Locked Wild, which will lock for the next three bets. If the player activates all five reels with Locked Wilds, they will enter the Free Games bonus!

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Genesis Games launches a brand-new online casino slot game that features extendable paylines from 30 to 80 that can pay up to 3000x your bet. This latest addition would be the 12th game under the Radi8 series. Tiki Tower, a 5×3 online casino slot game, starts with 30 pay-lines and reveals a new row by landing Tiki Tower symbols on the 2nd, 3rd, or 4th reel in the game. These towers will magically convert to a set of random symbols for a chance at stacked line wins. At 5×8 reels, when players hit the 3 Tiki Towers, they will enter free spins that sends players into a re-trigger frenzy.

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Pragmatic Play, a leading content provider to the gaming industry, has released its colourful new title, Fruit Party. The 7×7 videoslot is packed with fruity flavour and colour, with a cluster pay mechanic setting it apart from your traditional game. With every successful spin, more fruit cascades down onto the reels with Pragmatic Play’s tumbling wins feature.

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iSoftBet, the leading online and mobile casino content provider, has launched Hot Shots 2, inviting players to lace up their boots and score huge wins in this supercharged sequel. Always at the forefront of innovation, iSoftbet has included their new Ultra Bet* feature on this slot-based football extravaganza, allowing players to place a single wager to unlock 50 high-octane games, collecting wins, multiplier stars and bonus rounds along the way. Ultra Bet offers a unique way to play, prioritising the most exciting game features for a more engaging player experience.

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Red Rake Gaming has just announced the release of a new and spectacular game, a 6×5 reel video slot with a free spin feature where players can multiply their winnings. 1st of the Irish is a video slot loaded with different features, including bet multipliers, Wild symbols on one single reel, Sticky Wild symbols and a free spin feature with multipliers that players will find very appealing. This new video slot has 5 meters that fill up bit by bit each time these symbols appear: pipe, beer, shamrock, hat and rainbow.

rrg-irish Week 22/2020 slot games releases

 

Play’n GO have announced their latest release this week, another chapter in the adventures of their most prominent character Rich Wilde titled Rich Wilde and the Shield of Athena. Rich Wilde has spawned a string of successful games for the slot supplier, with previous adventures including Pearls of India, Book of Dead and his most recent outing Tome of Madness. Rich Wilde and the Shield of Athena is a 5×3 slot that sees the infamous explorer travel to the lost city of Atlantis in search of the legendary Shield wielded by the goddess Athena.

ch-Wilde-and-the-Shield-of-Athena-2 Week 22/2020 slot games releases

 

 

Realistic Games has launched its next Game Changer title, Bar–X2122-75 Week 22/2020 slot games releases Game Changer, based on the iconic land-based brand. After announcing a landmark partnership with Electrocoin, the supplier has taken the classic Bar-X2122-76 Week 22/2020 slot games releases brand to online slot players, featuring the ground-breaking Game Changer bonus round to add a unique and modern twist to the gameplay. The 5-reel, 20-win line title features over two million game boards in the bonus round, which is triggered by any combination of boxed symbols forming around the edge of the reels.

bar-x-2 Week 22/2020 slot games releases

 

 

Spearhead Studios is pleased to announce the launch of the bespoke title Book of Gates on the successful German casino operator Wunderino. The new slot release sees British explorer, Sir Percy Forcet, on a quest to discover the treasures hidden deep inside the tomb of a powerful pharaoh, using the ancient Egyptian scroll as his guide. Book of Gates was specially developed to rise to the high expectations of Wunderino’s players. The title has high-volatility and features a 5X3 videoslot with ten paylines and a maximum win of over 11,000X.

book-of-gates-2 Week 22/2020 slot games releases

 

 

Booongo is aiming to brighten up the evening sky with its latest slot, Moon Sisters, with cash prizes and three lucrative jackpots on offer for players. The visually stunning Asian-themed 3×5 game features 25 paylines and is the newest addition to the developer’s Hold and Win portfolio. Collect six moon symbols to gain entry to the bonus round, where multiple respins provide the potential for players to claim the three in-game jackpots – Grand, Major and Mini.

Moon-Sisters-2 Week 22/2020 slot games releases

 


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: Week 22/2020 slot games releases

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PubCos want to test Game Payment app following successful pilot and dramatic increase in demand for cashless

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pubcos PubCos want to test Game Payment app following successful pilot and dramatic increase in demand for cashless
pubcos-1 PubCos want to test Game Payment app following successful pilot and dramatic increase in demand for cashlessReading Time: 2 minutes

 

A total of 30 pub sites drawn from a cross-section of PubCos are eagerly waiting to trial the Game Payment cashless app following its successful technical pilot. Although the pilot was truncated by the prime minister’s March 20 Covid-19 instruction to close all pubs with immediate effect, it nonetheless provided the Game Payment system with a robust test of its technology which it passed with flying colours.

“Obviously we were disappointed at having to curtail the pilot for reasons beyond our control, but we were able to monitor the app in real time and in the field operating successfully on both digital and analogue machines” stated bacta Vice-President, Greg Wood, part of the senior team responsible for bringing Game Payment to market. “I am delighted to confirm that the app showed itself to be extremely robust and the pilot served as a vindication of the technology that lies behind it.”

He added: “We demonstrated the app to a number of leading UK and European operators first at EAG and then at ICE London in February.  Since then and partly as a result of the response to Covid-19, the demand for safe and reliable cashless payment solutions has soared and a significant number of our UK contacts have come back to us asking to test across a sample of their pub estates.

“We have also received lots of interest from AGC operators which has resulted in us bringing forward our development plans for this sector by six months.  As the restrictions on lockdown begin to lift, the team is looking forward to implementing the business development plan secure in the knowledge that the Game Payment app has the strongest of technical foundations.”

The Game Payment app underwent its successful pilot following completion of a payment acquiring agreement with one of the top three UK acquirers. The agreement, which was struck in February, represents the first such deal with a tier 1 UK bank for cashless gaming in pubs and other venues and is a testament of the acquirer’s confidence in Game Payment’s business plan, product credentials and financial structure, as well as the team’s ability to manage a gambling e-wallet.


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: PubCos want to test Game Payment app following successful pilot and dramatic increase in demand for cashless

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The sky’s the limit at United Remote

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UR-HQ The sky’s the limit at United Remote
UR-HQ-1 The sky’s the limit at United RemoteReading Time: 2 minutes

 

Aggregator United Remote has moved its headquarters to the state-of-the-art 14 East skyscraper, Malta’s second tallest building, and the landmark building seen from capital city Valletta.

These new premises for the aggregator are not the only change, but this is a very visible statement by the aggregator that it means business, and comes as the restructuring of the enterprise nears completion. 14 East skyscraper stands out not least due to the stunning views it showcases, reaching from Sliema and St Julian’s to Manoel Island and Valletta, right on to Mdina, which is in the middle of Malta, several miles from the prestigious office location. Moreover, the iconic building and its views can be enjoyed from anywhere within due to glass partitions, without, crucially, compromising on privacy, thanks to expert acoustic treatments.

United Remote’s aggregation platform provides a broad portfolio of games from respected international partners combined with pioneering real-time backend tools for casino operators. The company has successfully completed a period of intensive restructuring which has resulted in major technology and enterprise investments, with the organisational culture having been significantly reshaped to provide added-value to operators and the company investing in new office surroundings at 14 East for the United Remote team that mirrors management’s ambition to be a leading industry platform.

A team of over 30 people inhabits three levels within the stunning new 14 East skyscraper, delivering technology and services that are used by the global iGaming industry. Part of the floorspace is occupied by a re-energised United Remote Games, who are innovating around a legacy portfolio and bringing new releases to market with increasing frequency.

In addition to technology investments and enhancements, United Remote has been adapting the agreements the company previously had put in place, de-risking the entire enterprise, and focusing very particularly on customer protection. In addition, United Remote has been building a strong compliance culture as well as raising standards in terms of transparency, the glass fronted 14 East symbolising this transparency on a daily basis for every member of the team.

United Remote has embraced substantial change to streamline new integrations and provide operators more profitable real-time data. This is all part of upping United Remote’s service to the iGaming industry and ensuring that the B2B-channel is given priority with an easy-to-use back-end where operators can quickly set up the tools available on the platform.

Jeremy Fall, CEO of United Remote added: “It’s great to see this global company thriving in this new environment at 14 East to the extent that it has necessitated this move to these excellent new offices. It is also a great endorsement of Malta as an excellent and supportive jurisdiction for a technology company of this caliber. Working in an office like this is inspiring for the whole team and we look forward to significantly growing our business here over the next couple of years.”


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: The sky’s the limit at United Remote

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