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Gaming Americas Weekly Roundup – August 7-13
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 and new partnerships. Read on and get updated.
Latest News
WynnBET announced that six of its states are now available on the new WynnBET app. The new multi-state platform replaces existing state specific apps, bringing players several improved features including faster deposits and withdrawals, one app and login across all states, a travelling wallet, more sports markets and more casino games.
Splash Sports, the new peer-to-peer real money gaming platform from the makers of RunYourPool (RYP) and Office Football Pool (OFP), announced it is live in 33 states across the country, including Florida, Texas and California. Now, friends and groups in these states can use Splash to organise Survivor, PickX and/or Daily Fantasy contests in accordance with state regulations.
Wynn Resorts announced the appointment of Paul Liu as a member of the Company’s Board of Directors. Liu is an Independent Director and a Class I member of the Board. Liu brings to the Company significant professional experience in entertainment, hospitality and financial services both in China and the Asia Pacific region. His track record and perspective on creating guest experiences in the luxury and hospitality fields, as well as his unique understanding of business talent in the Asia Pacific market, will be a significant contribution to the Company and will offer an important perspective to the Wynn Board of Directors.
Partnerships
Betway has announced the addition of the National Bank Open presented by Rogers in Toronto to their portfolio of global tennis sponsorships, becoming the Official Betting Partner of the competition.
Nuvei Corporation announced that it has been selected by 888, a leading global iGaming operator, to boost its card acquiring and local payment method capabilities to accelerate its growth in the large and expanding U.S. iGaming landscape. 888 is leveraging Nuvei’s superior technology platform, extensive acquiring reach, instant bank-to-bank payments and deep knowledge of regulated iGaming markets to maximise payments acceptance and optimise its risk management.
Pragmatic Play is continuing to strengthen its foothold in the Latin American market after going live with Brazilian operator Betsul. As part of the deal, Pragmatic Play’s portfolio of slots is available on the operator’s site, bringing over 300 titles to the platform including new releases such as The Knight King and Gods of Giza, alongside award-winning favourites such as Gates of Olympus.
BetMGM and Revolutionary Racing Kentucky announced a new market access agreement allowing BetMGM to bring its online and retail sports betting platform to Kentucky once legalised sports betting launches. The companies also will open a retail BetMGM Sportsbook at Sandy’s Racing & Gaming.
JCM Global has installed three massive exterior digital signs at Tachi Palace Casino Resort, bringing brilliant, LED illumination to the resort’s renovated exterior front entrance. The JCM Digital Signage Solutions team installed three exterior Mitsubishi 10mm XL Series displays, each measuring 9.5 feet wide by a towering 22 feet high. The signage will showcase eye-catching creative content that beautifies the entrance and welcomes guests. The entrance remodel is one of several construction enhancement projects nearing completion as part of Tachi Palace’s 40-year celebration and continues a long-term relationship between Tachi Palace and JCM.
Latest News
Former UEFA.com editor Eugene Ravdin launches weekly sports column on MightyTips.com
Former UEFA.com editor Eugene Ravdin has launched a weekly sports column on MightyTips.com, which will offer his thoughts and opinions on the latest developments in global sports.
MightyTips is proud to announce the launch of the weekly column, titled “The Ravdin Report”, from a seasoned sports media expert.
The column will feature weekly insights from the renowned sports journalist Eugene Ravdin, providing readers with his thoughts and views on sports, sports betting, and fantasy sports.
Additionally, publications will cover some of the biggest sports events and highlight prominent athletes across a diverse range of sports.
Eugene Ravdin is an experienced sports expert with decades of experience covering major sporting events.
Before joining MightyTips, he spent 19 years in various roles at UEFA.com, the UEFA official website. Most notably, as the Editor-in-Chief of the Russian-language editorial team.
During his time at one of the most recognisable organisations in association football, Eugene Ravdin covered a plethora of events and competitions from the men’s and women’s UEFA EUROs, through to the UEFA Champions League and UEFA Europa League finals.
Ravdin’s wealth of knowledge and experience has been bolstered over the years thanks to his journalistic avenues, where he has interviewed top-level sportspersons, such as Arsène Wenger and Guus Hiddink.
Eugene Ravdin, Communications and Marketing Manager at MightyTips, said, “I have spent almost all my professional career in the world of sports media, and have always been restricted by a certain topic or angle.
MightyTips offered me an engaging platform to write on with practically no boundaries. This is both challenging and inspiring, and I hope to give our readers a pinch of a personal take on a wide range of sports, competitions, and stars..
The Ravdin Report will provide insightful tips and opinions, which enhance the sports media and betting experience for MightyTips and its readers.
Not only will it cater to the interests of avid sports fans, but keep them updated with the latest news, analysis, and predictions of the sports world.
Users can expect a wide range of content in the new weekly sports column, including insights on football, basketball, boxing, and other sports.
You can check out the column over on MightyTips.com. Be sure to bookmark to get your dose of comprehensive coverage of the sports you love most.
The post Former UEFA.com editor Eugene Ravdin launches weekly sports column on MightyTips.com appeared first on European Gaming Industry News.
Latest News
PepperMill Casino launches a new exclusive feature: PepperMill Jackpots.
PepperMill Casino launches a new exclusive feature: PepperMill Jackpots.
A pleasant surprise for all casino fans! PepperMill Casino, one of Belgium’s leading online casino operators, is pleased to unveil its latest update: PepperMill Jackpots.
A new feature to get new opportunities to win big with every spin.
- The Random Drop: this jackpot falls randomly and offers the biggest winnings!
- The Mill Drop: Unlike the other jackpots, this one drops before reaching the maximum
amount of €1,000. - The Chrono Drop: this jackpot is programmed to drop every 3 hours, adding an extra layer of rewards throughout the day!
With the arrival of these new features, PepperMill Casino has struck a major blow and strengthened its already extensive offering. In addition to the PepperMill Boost, which rewards players with incremental winnings, the PepperMill Jackpots take the player experience to the next level!
By playing on the platform, players will automatically have a chance to win these three PepperMill Jackpots! PepperMill Casino keeps providing innovative and immersive ways to enhance the platform experience while ensuring that every player has access to a fully responsible, safe and reliable gaming session.
The post PepperMill Casino launches a new exclusive feature: PepperMill Jackpots. appeared first on European Gaming Industry News.
Latest News
Codere Online Reports Financial Results for the First Quarter 2024
Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited[2] financial results for the quarter ended March 31, 2024.
Aviv Sher, CEO of Codere Online, commented on the results, “We are off to a strong start in 2024, with net gaming revenue of €53 million in the first quarter, 34% above that of last year and once again our highest ever quarterly figure. Our focus on Mexico and Spain continues to yield impressive results, with net gaming revenue in Mexico growing by 51% in the first quarter to nearly €27 million. In Spain, meanwhile, net gaming revenue grew by 21% to over €22 million. In both markets, our targeted marketing efforts allowed us to grow our active customer base by c. 25% as a result of the acquisition of higher quality customers (i.e. lower churn) but also with an increased spend per active.”
Oscar Iglesias, CFO of Codere Online, stated, “Once again, top line growth exceeded our expectations in the first quarter, with Mexico continuing to put distance on Spain as our largest market by revenue. We are particularly excited, however, to see Mexico now also contributing positive Adjusted EBITDA for the first time. This, together with a strong performance by Spain, allowed us to generate €1.7 million in total Adjusted EBITDA in the first quarter, which represents a significant step towards achieving our full year profitability targets.”
Mr. Iglesias further added, “On the back of this strong performance in the first quarter and based on recent trading activity, we now expect to generate between €195-210 million of net gaming revenue in 2024, and reaffirm that we expect to generate positive Adjusted EBITDA and cash flow for the full year in 2024.”
Recent Events
Launch in Mendoza
· Subject to obtaining final regulatory authorization, we expect to launch operations in the Province of Mendoza over the coming weeks.
· Mendoza is the 5th most populated province in Argentina with over 2 million people.
· This launch will further increase our presence in the country, where we started operations in the City of Buenos Aires in December 2021, and continue pursuing a license in the Province of Buenos Aires.
Rayados Renewal
· On March 15, 2024, Codere Online agreed to extend its relationship with the Monterrey Rayados Football Club as its Official Betting Partner for the next four seasons.
· With this renewal, Codere Online also became the Main Sponsor of the women’s team, Rayadas.
· Codere Online expects to continue to deliver on its growth plan in Latin America, relying on this and other sponsorships and local activations.
Board Appointment
· On April 9, 2024, the Board of Directors of Codere Online appointed Daniel Valdez as a member of the Board and the Audit Committee.
· Mr. Valdez previously served as a member of the Board between the consummation of the business combination in November 2021 and August 2023.
The post Codere Online Reports Financial Results for the First Quarter 2024 appeared first on European Gaming Industry News.
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