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Gaming Americas Weekly Roundup – July 20-26

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Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and study results. Read on and get updated.

Latest News

BetMakers Technology Group has announced that it has secured exclusive rights to a further seven Race Tracks in the US and Canada to manage and distribute their Fixed Odds betting in the US racing market. These tracks will be available for betting initially in the New Jersey market and available to operators that join the Global Racing Network within New Jersey, subject to regulatory approval.

Galaxy Gaming Inc. has announced the acquisition of Baccarat Fightback from Tiange Xu of the UNLV Centre for Gaming Innovation. This acquisition boosts Galaxy’s portfolio of Asian-style offerings and adds to the growing list of new, cross-platform content ideal for iGaming and traditional land-based venues.

Hawks Talon Gaming Club, the official NBA 2K League affiliate of the Atlanta Hawks, has lost in two games as part of a best-of-three series over 76ers GC, the official affiliate of the Philadelphia 76ers, in front of an international viewing audience. The results of each game were 67-85 and 48-67.

New Partnership

BtoBet and on-demand delivery company Rappi have partnered with Megared, BtoBet’s Colombian partner owning and operating the Megapuesta brand, in a landmark agreement that will widen the provision of sports entertainment to new ecommerce channels. Through this agreement, the first of its kind in the iGaming industry, BtoBet and Rappi, together with Megapuesta, will be offering an added sports entertainment value to the vast goods and services portfolio to all customers using the Rappi platform in Colombia.

New Offer

FanDuel is giving its customers free bets and $10 site credit to celebrate the return of sports. More than $80 million in site credits has been distributed to FanDuel customers to use for daily fantasy contests and legal sports bets as the NBA, NHL and MLB return to action after a long layoff.

Recruitment

Officials of the Live! Casino Pittsburgh at the Westmoreland Mall are going to start the procedures to fill more than 500 positions needed to open the $150 million facility. The casino, which is under construction in the former Bon-Ton store, will include 750 slot machines and 30 table games. Job seekers can apply for managerial and supervisory positions online at WorkatLive.com. The website will be updated as more jobs become available.

Layoffs

Bret Yunker, Chief Financial Officer of the newly combined Caesars Entertainment, has confirmed that the company plans to lay off staff after its merger with Eldorado Resorts. Eldorado Resorts got the green light for its acquisition of Caesar last week. The combined company is operating under the Caesar name.

Field Trial

Konami Gaming has announced that its SYNKROS casino management system has powered the launch of Marker Trax cashless casino slot markers at Ellis Island Casino, Hotel & Brewery. It is the gaming industry’s first field trial of cashless slot credit lines in the state of Nevada. The integration of Marker Trax with SYNRKOS enables Ellis Island Casino to seamlessly issue, record, manage and track the cashless credit lines, for optimal collections and Anti-Money Laundering compliance.

New Study

DraftKings Inc. has revealed the findings from its national consumer study of American sports fans. In the survey which includes more than 1000 self-identified American sports fans, DraftKings examined the perspectives and adaptations of modern fandom as a direct result of the novel coronavirus.


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: Gaming Americas Weekly Roundup – July 20-26

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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HIPTHER’s European Gaming Congress 2024 Extends to a Two-Day Spectacle at a Stunning New Venue

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HIPTHER, the leading conference organizer and parent company of renowned online media outlets for GameTech industries, is excited to announce an extended two-day Agenda to come, and a stunning new location for the European Gaming Congress 2024, at the prestigious Polonia Palace Hotel in Central Warsaw.

 

History and Expansion: Compliance, Operations, SEO & Marketing

HIPTHER’s European Gaming Congress (EGC) boasts eight years of success as a dynamic platform for networking, collaboration and growth for iGaming Compliance and Technology.

Our 2024 event, embracing the “Via Infinita” guiding principles, promises to be even more impactful, expanding its Agenda and focus from Compliance to Operations, SEO and Marketing for iGaming and Technology industries.

#Hipthers are thrilled to bring together compliance experts, regulators, and gaming professionals, uniting the gaming industry with blockchain, AI, and fintech, offering a platform for networking and growth.

In order to successfully host this insightful bouquet of expertise, excellence and innovation, HIPTHER expands the standard one-day EGC Agenda to a buzzing two-day Conference Program fostering growth and offering a variety of quality networking opportunities.

The European Gaming Congress (EGC) 2024 will take place on 15-16 October 2024 in Warsaw, Poland. Early Bird Tickets are Available until 10 July 2024 – Get Yours Now!

 

New Venue: Historical Charm and Modern Elegance Meet the Future

The cutting edge themes of the Congress and the future of Gaming meet historical charm and comfort at the prestigious Polonia Palace Hotel. Centrally located, just opposite the Palace of Culture and Science, it is close to street shopping, train station, tourist sites, restaurants and a large shopping centre.

Between 15-16 October 2024, at the Polonia Palace Hotel, #hipthers will be hosting C-level executives, compliance experts, government officials, and professionals from the iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, Virtual/Augmented/Mixed Reality sectors, and many more who will be ready to share their knowledge and connect with you!

 

Sneak-peek to the Future: First Speakers Confirmed!

The first group of expert Speakers for European Gaming Congress 2024 has been confirmed!

Get ready to gain valuable insights and connect with industry luminaries such as:

  • Adam Lamentowicz, CEO of the Polish Gaming Chamber
  • Marek Plota, Founding Attorney at RM Legal & Gaming In Poland
  • Piotr Dynowski, Partner/Attorney at Law/Head of IP/Media/Tech&Comms Practice at Bird & Bird Poland
  • Andreea Dobre, Senior Manager Internal Audit at Greentube
  • Rebecca Liggero Fontana, Reporter, Producer & Host at COINGEEK
  • Jevgenijs Ravdins, Communications & Marketing Manager at MightyTips
  • Aleksandra Ossowska, Managing Partner at FinLegalTech
  • Stanisław Szostak, CEO at Astral Forest
  • Justyna Grusza-Głębicka, Law Firm Justyna Grusza-Głębicka
  • Alexis Wicén, CEO & Founder at Unibo and Scatters Group

And more – Stay tuned for more exciting Speaker and Agenda Updates!

Save the Date & Book your Seats: We look forward to welcoming you at the premier European Conference for iGaming Compliance and Technology!

Learn More about the European Gaming Congress

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EveryMatrix hits 16-year quarterly high

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EveryMatrix has smashed its historical quarterly high with continued strong revenue growth and profitability hitting a new record. 

Announcing Q1 2024 results, the industry’s fastest growing iGaming technology provider had quarterly net revenue of €39 million across all products, growth of 66% Year-on-Year (YoY), while also setting a quarterly profit margin record of 57% – its fourth consecutive quarter with both growth and profit margin above 50%. 

Q1 2024 EBITDA rose to €22.3m, up 111% YoY. 

The record quarter comes just three months after EveryMatrix registered the strongest financial results in its history. 

STARTING THE YEAR IN STYLE 

The EveryMatrix financial year is underway in style, driven by large value client signings, multiple new client launches across all the company’s core business units, strong sports trading and innovation and continued growth in casino. 

EveryMatrix was among the first wave of iGaming technology providers to gain regulatory accreditation in Peru, while it made further progress in the US launching its first casino aggregation partner with third-party content live on DraftKings in New Jersey. 

The tier-1 supplier also hit a significant post-period milestone reaching 1,000 employees across 13 global locations, with its largest purpose-built office opening its doors to 450 personnel in Bucharest, Romania and a new office launched in Cebu, Philippines, dedicated to focusing on DeepCI data products. 

CASINO AND SPORTS CONTINUE TO SHINE 

EveryMatrix quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated a record quarterly performance of €619m in Q1 2024, up 65% YoY with GGR for the last 12 months at €2.1 billion, a 78% YoY increase. 

Quarterly casino net revenue rose to €19.9m, up 83% YoY while EBITDA reached €13.2m reflecting a 132% YoY increase. The SlotMatrix aggregation product introduced 886 new games. 

The OddsMatrix sports division saw turnover rise 31% YoY to €1.3bn, with GGR climbing 308% YoY to €96m. Net revenue for Q1 2024 reached €10.5m, up 78% YoY, while EBITDA hit €6.2m, reflecting a 313% increase. 

OddsMatrix covered a record 173k live events in a single month. The average monthly number of bets placed reached 39m. 

Platform saw quarterly net revenue reach €7.3m, up 28% YoY, with EBITDA at €3.2m, up 13% YoY. The EveryMatrix Player Account Management (PAM) system hit a massive new record of 230k bets per minute at peak times. 

The Affiliate Platform division, including PartnerMatrix and DeepCIsaw net revenue grow to €1.4m during the quarter, up 39% YoY, with EBITDA down €0.4m due to continued product and commercial investment. DeepCI added 22 further geos to its offering and signed 14 new clients, while PartnerMatrix signed 15. 

Ebbe Groes, Group CEO of EveryMatrix, said: “It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. 

“It’s mind-blowing how far we’ve come and how much progress continues to be made across the entire business. From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond. 

“Watch this space as there is plenty more to come from EveryMatrix this year!”

Q1 2024 HIGHLIGHTS 

  • Among first wave of B2B technology providers to gain regulatory accreditation in Peru 
  • Signed a turnkey customer estimated to deliver more than €3m annual net revenue 
  • Live on DraftKings in New Jersey with first US casino content aggregation partner – Supremeland Gaming Inc 
  • Launched game content with Entain (BetMGM), Golden Nugget Online Gaming and DraftKings 
  • 886 new games on SlotMatrix aggregation platform bringing total to 27,825+ games 
  • Integrated seven new casino vendors bringing total to 158 
  • In-house games studio Armadillo Studios launched several games including Alice’s Mad Fortune, Shamrock Surprise, Gummy Galaxy and Paws & Claws 
  • Released 30+ new betting types across multiple sports 
  • Signed 15 and 14 new PartnerMatrix and DeepCI clients respectively 
  • Increased total company headcount post-period to 1,000+ including opening an office in Cebu, Philippines focusing on DeepCI products 
  • Four new senior hires in Q1 including CEO MoneyMatrix, CEO PlayMatrix, CCO PlayMatrix, CCO PartnerMatrix 

The post EveryMatrix hits 16-year quarterly high appeared first on European Gaming Industry News.

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EvenBet Gaming sharpens anti-fraud capabilities to combat growing rise of poker bots

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Global developer commits to providing a transparent player experience amid growing trend

EvenBet Gaming, a leading developer of online gaming software and solutions, has reinforced its anti-fraud detection technology to combat the rise in AI-powered bots and align with stringent anti-money laundering (AML) policies.

The increase in machine-learning technology sophistication has resulted in AI bots becoming harder to identify within the global gaming industry, posing huge financial and reputational risks to operators and affecting the transparency of the player experience.

To combat this escalated risk, EvenBet has introduced rigorous measures that can pinpoint potential bots with up to 99% precision, including Fingerprint JS Pro technology, multiple anti-fraud verification processes, and behavioural analysis procedures.

This includes cutting-edge in-game player inspection during poker rounds, monitoring several factors such as hand strength, potential knowledge of opponents’ cards, session duration, location, and jackpot hunting or tournament endgame dragging. Each factor is then compared to normal player behaviour to calculate the likelihood of AI-powered bots in poker rooms.

EvenBet has also supplemented its registration process with further Know Your Customer (KYC) checks, implemented to tackle the 112% and 184% growth in identity theft and synthetic identities respectively. The leading developer utilises temporary email identification techniques and assesses potential email forwarding and re-login attempts to ascertain the risk of a new sign-up.

The improvement of existing technology and the addition of new measures analyses risk from the moment of registration and monitors behavioural factors throughout the player journey, demonstrating EvenBet’s dedication to eliminating AI bots, complying with rigid AML guidelines, and providing the optimal gaming experience.

Dmitry Starostenkov, CEO at EvenBet Gaming, said: “With the rapid development of artificial intelligence in the 21st century, it has never been more important to stay ahead of the curve with regards to anti-fraud processes.

“EvenBet continues to develop and implement the latest anti-fraud technology to ensure our platform remains a trusted industry leader providing an entirely transparent user experience.”

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