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Gambling in the USA

Xanada Investments Reveals Strategic Backing of Sweepium, Targeting the U.S. Sweepstakes Landscape

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Xanada Investments, a leading ideological investment fund focused on the iGaming sector, has officially revealed its early-stage investment in Sweepium, a breakthrough B2B platform and game aggregator redefining how sweepstakes casino brands launch, operate, and scale in the U.S. market.

The decision to invest in Sweepium was driven by a clear alignment of vision: a bold team building real sweepstakes infrastructure for an underserved and fast-growing segment, while providing a serious competitive advantage to existing platforms.

Purpose-built for the complexities of the U.S. regulatory landscape, Sweepium delivers a fully integrated, turnkey platform that includes a bank-approved payment architecture, CRM, customer support, content management, game aggregation, and promotional tools. Its standout capability — its bank-approved payment system — the first of its kind in the U.S. sweepstakes sector — enabling operators to process transactions with institutional-grade compliance and reliability.

Over the past year, Xanada’s support extended far beyond capital. Acting as strategic advisors and active mentors, the fund worked closely with the Sweepium team to strengthen their operational and go-to-market strategy to accelerate brand onboarding and commercial traction.

Today, Sweepium is live with multiple operators, supports integrations with over 50 game providers, and enables new clients to launch in just 8–10 weeks from contract to first processed payment — a speed and standard unmatched in the space.

“From day one, Sweepium showed both clarity of vision and precision in execution,” said Vladimir Malakchi, CEO & Managing Partner at Xanada Investments. “Our decision to invest was driven not only by the unique positioning of the platform but by the team’s operational discipline and long-term thinking. Over the past year, we’ve worked closely with Sweepium to evolve their business infrastructure, guide strategic decisions, and help unlock market growth — and the results speak for themselves.”

Daniel Mitton, Founder & CEO of Sweepium, commented: “Partnering with Xanada Investments brought more than capital — it brought strategy, structure, and scale. Their team helped us align operations with long-term growth goals, navigate licensing, and open doors commercially. With Xanada’s support, we’ve accelerated our market readiness and laid the groundwork for sustainable expansion.”

As Sweepium enters its next phase of growth, the company is focused on expanding its partner base, deepening product capabilities, and continuing to lead in compliance-first innovation within the U.S. sweepstakes space.

 

About Xanada Investments

Xanada Investments is an ideological investment fund targeting PreSeed, Seed, and Series A funding rounds for innovative projects and leaders in the iGaming industry. With a focus on long-term success, Xanada is committed to providing not only capital but also strategic guidance and support to help businesses scale quickly and efficiently.

About Sweepium

Sweepium is a B2B platform and game aggregator enabling the launch of sweepstakes casino brands under a white-label model. The company supports over 80 game providers, offers full operational setup, and is the first provider of bank-approved white-label payments for sweepstakes in the U.S. market.

The post Xanada Investments Reveals Strategic Backing of Sweepium, Targeting the U.S. Sweepstakes Landscape appeared first on European Gaming Industry News.

BetMGM Casino

PA Online Casinos Generate Nearly $280M in July Revenue

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Pennsylvania continues to lead the way in the US when it comes to online casino revenue. For July, PA online casinos produced $277.9 million in revenue, which tops the nation for the month.

The $277.9 million is the fifth-highest revenue month for the state in its iGaming history. It finished over $27 million ahead of Michigan ($250.5 million) and over $30 million ahead of New Jersey ($247.3 million) for July.

This past month’s revenue was a 22.2% jump from a year ago, when the state generated $227.4 million in July 2024.

The Pennsylvania Gaming Control Board releases its monthly data and highlights adjusted gaming revenue, which takes promotional dollars out of the gross gaming revenue. The adjusted revenue for the month was $228.3 million.

PGCB reports also list revenue by licensee. When iGaming launched in 2019, 10 different retail casinos in the state were granted licenses to operate online casinos, while two operators (Bally, Golden Nugget) earned untethered licenses. Some licensees have multiple online casinos operating under their umbrella. However, revenue is reported collectively.

Penn National continues to lead the way in revenue. They feature online casino operators like DraftKings Casino, BetMGM Casino, Hollywood Casino, and Fanatics Casino.

Valley Forge finished second, they feature two operators in FanDuel Casino and Stardust Casino.

Some other notable date points from the July report include:

• A total of $67.4 million in state tax revenue was generated from online casinos in July. An additional $36.5 million was generated in local taxes and county grants.

• Slots made up the vast majority of revenue with $226.8 million coming from the online slot games. Table games brought in $48.5 million, while poker generated $2.5 million in revenue.

• Poker revenue was up 9.7% year over year, as it was at $2.3 million in July 2024.

The post PA Online Casinos Generate Nearly $280M in July Revenue appeared first on Gaming and Gambling Industry in the Americas.

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Delaware Casinos

Delaware Casinos Generate Revenue of $34.8M in July, Down 4.5% YoY

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Delaware casinos generated $34.8 million in revenue last month, down from $36.4 million the previous year, a 4.5% year-over-year decline.

In a report published by the Delaware Lottery, Harrington Casino saw the most significant year-over-year loss, with revenues decreasing from $7.8 million to $7.2 million, a drop of 7.2%. Slots and table games experienced year-over-year losses, with slots revenue declining by 5.9% and table games seeing a loss of more than 25%.

Delaware Park also experienced a decline of 4.3% but generated the highest revenue, at $15.1 million. Slots at the casino saw a loss of 5.9%, with its revenue decreasing from $13.8 million to just less than $13 million. Table games revenue increased by 5.1% year-over-year from just more than $2 million to $2.1 million.

Bally’s Dover also reported a revenue decline last month, but not as much as the others. Revenue dropped from $12.9 million to $12.5 million, showing a 3% decline. Table games saw increased revenue for the casino, with profits rising from $1.1 million to $1.3 million, a 16.6% increase. Slots declined 4.8% from $11.7 million to $11.2 million year-over-year.

The post Delaware Casinos Generate Revenue of $34.8M in July, Down 4.5% YoY appeared first on Gaming and Gambling Industry in the Americas.

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BetMGM Casino

BetMGM Brings Exclusive Rakin’ Bacon! Titles to NJ Online Casino, Borgata Hotel Casino

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An exclusive new slot game is making its way to BetMGM Casino NJ and one of the state’s retail locations.

This week, BetMGM announced, in partnership with AGS, a pair of new Rakin’ Bacon! titles will be hitting New Jersey online casinos.

Currently, Rakin’ Bacon! Jackpots Bonus Wheel is available to play, while Rakin’ Bacon! Jackpots Bonus Board will be released in mid-September.

On top of the iCasino release, these new slot titles will also be made available at the Borgata Hotel Casino & Spa in Atlantic City.

The Rakin’ Bacon! series will be the first third-party game at BetMGM with an online and on-property exclusivity period.

Oliver Bartlett, VP of Gaming at BetMGM, said: “We want to set the standard for creating the most seamless experiences for players to enjoy the games they love. The period of exclusivity reinforces our priority to be the top online casino destination where players can find the largest variety of games they can’t find anywhere else. Rakin’ Bacon! is a fun franchise that brings big brand recognition and we are proud to collaborate with AGS to add these titles to our stellar roster of games.”

BetMGM has shown a commitment to working with a diverse group of gaming suppliers to provide players with unique content. That continues to be the case in this pairing with AGS. This partnership will allow BetMGM customers to enjoy the slot title from home or at the Borgata.

“At AGS, we’re focused on bringing the energy of land-based favorites into the digital world in ways that feel meaningful for players. Rakin’ Bacon! is a proven brand with broad appeal; this launch is another step forward in our player-first strategy and our commitment to bridging physical and digital play in ways that drive real engagement,” AGS Vice President of Interactive Zoe Ebling said.

The post BetMGM Brings Exclusive Rakin’ Bacon! Titles to NJ Online Casino, Borgata Hotel Casino appeared first on Gaming and Gambling Industry in the Americas.

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