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GiG embraces the repeal of the US sports betting ban

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GiG embraces the repeal of the US sports betting banReading Time: 2 minutes

Malta, 16th May 2018 – For the past 26 years the Professional and Amateur Sports Protection Act (PASPA) has widely prohibited sports betting in the US. In repealing PASPA, (announced yesterday) the US Supreme Court has opened up a vast business opportunity for companies focused on growing in regulated markets.

GiG embraces the repeal of the federal sports betting ban. The repeal enables all states to decide on their respective regulation of sports betting. The market expects some states to move quickly with several being ready to open up to sports betting this year.

This decision further supports GIG’s focus on growth in regulated markets, integrity in sports and responsible gaming. The repeal is perfectly timed with the advanced preparations made with GiG´s partner Hard Rock International, the application for the New Jersey license and the launch of the Company’s new proprietary and cutting edge sports betting services this month.

GiG CEO, Robin Reed We are confident we will have a fair and fun product to thrill and engage the US consumer’

GiG has been planning for this change and is well underway in its preparations to capitalise on the Company´s unique position. This market opportunity will be top priority for GiG. The Company will continue to invest and add resource to further develop and position its B2B product for what will be a highly competitive US market.

We are very excited about this news and the long term potential it creates for GiG. We have been positioning the Company for a regulated US market and have a full eco-system of unique products and services to support the iGaming industry, including a cutting edge sports betting service. We are confident we will have a fair and fun product to thrill and engage the US consumer and will be very well placed for future opportunities in this massive market. We have already proven our ability in signing a big brand in this region and there are several interesting RFP´s in the US in which we are actively interested”, says Robin Reed, CEO of Gaming Innovation Group Inc.

 

About GiG:

Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through our eco-system of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of state of the art offices in St George’s Bay, Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.


Source: European Gaming Media and Events

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Bethard.com is granted license to operate in Denmark

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“2018 is a truly exciting year for us” – Erik Skarp, CEO

”We are very satisfied to get a green light in Denmark and we look forward to start growing our presence in the Danish market”, said Erik Skarp, co-founder and CEO of Bethard Group. ”2018 is a truly exciting year for us, one in which we are determined to lay a solid foundation for establishing Bethard as Europe’s leading sports betting brand. And we have had a great start. First with the announcement of Zlatan Ibrahimovic’ joining our team, followed by a very successful start in the UK market and a great World Cup. Now the time has come to conquer Denmark”.

Bethard.com is currently licensed in Malta, Denmark and the UK. Applications for a gambling license has been filed in Sweden. Work on a license application for a state license in Schleswig-Holstein in Germany has been initiated. The company is actively seeking licenses in several other markets and expects to have a licensed presence in most key European markets already by 2020.

Bethard will start welcoming Danish players to the site within weeks.

For more information, please contact:


Erik Skarp, co-founder and CEO Bethard Group Ltd
E-mail: erik@bethardgroup.com

Jan Lindow, CMO Bethard Group Ltd
E-mail: media@bethardgroup.com


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1xBet announces sponsorship with the Tottenham Hotspur

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Tottenham has announced a new long-term agreement with 1XBET as its Official Betting Partner for Africa. 1XBET is one of the most visited betting and gaming websites in the world, with over 1,000 available markets.

As part of the partnership, 1XBET will have an in-stadium advertising presence at the Club’s home matches on the LED perimeter system, as well as a presence on the new website and digital channels across the continent.

The Club has 100 million followers across Africa and fully mobilised official Supporters’ Clubs in Ghana, Nigeria and South Africa. To celebrate the launch of the partnership, 1XBET is offering the Club’s fans the opportunity to win a signed shirt if they can successfully predict which Tottenham Hotspur player scores our first goal at home this season.

This is 1XBET’s first partnership in English football following high profile existing relationships with the CAF African Nations Cup and the Nigerian Football Association.

Fran Jones, Head of Partnerships, Tottenham Hotspur, said: “We are delighted to welcome 1XBET to the Tottenham Hotspur partner family and look forward to working with them to engage with and grow our African fan base.”

Eugene Kiryukhin, 1XBET’s Director for Development of International Partners, added: “We are thrilled to sign with Tottenham Hotspur, they have impressed us with their vision for the future, their players, their new stadium and we are committed to helping each other grow in Africa. We look forward to working alongside and supporting them.”


Source: European Gaming Media Latest News

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Pennsylvania Gaming Control Board Reports Table Games Revenue for July

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HARRISBURG, Pa.Aug. 16, 2018 – Figures released and posted today by the Pennsylvania Gaming Control Board on its web site, www.gamingcontrolboard.pa.gov, display tables games revenue for July 2018 at $73,820,267 a decrease of 5.2% over July of last year when revenue was $77,855,644.

The Board also reported that when combining July’s table games revenue with the earlier reported July slot machine revenue, total gaming revenue decreased by 3.3% compared to July of last year.

The Board is also reporting total tax revenue from table games play during July in the amount of $11,888,675* with an average of 1,272 tables in daily operation statewide.

Gross table games revenue at each of the casinos for July 2018 and July 2017 along with a similar comparison for total casino gaming revenue are displayed in the following tables:

Casino

July 2018 Table
Games
Revenue

July 2017 Table
Games
Revenue

% Change

Sands Casino Resort Bethlehem

$21,136,815

$20,616,680

2.52%

Parx Casino

$15,308,027

$15,470,427

-1.05%

SugarHouse Casino

$10,040,595

$9,708,046

3.43%

Rivers Casino

$5,657,336

$5,626,840

0.54%

Harrah’s Philadelphia Casino and Racetrack

$4,226,527

$6,014,716

-29.73%

Mount Airy Casino Resort

$3,951,802

$5,099,335

-22.50%

The Meadows Casino

$3,201,602

$3,762,922

-14.92%

Mohegan Sun Pocono

$2,627,085

$3,964,159

-33.73%

Valley Forge Casino Resort

$3,008,576

$2,629,191

14.43%

Hollywood Casino at Penn National Race Course

$2,954,506

$3,155,992

-6.38%

Presque Isle Downs and Casino

$1,330,964

$1,320,322

0.81%

Lady Luck Casino Nemacolin

$376,433

$487,013

-22.71%

Statewide Total

$73,820,267

$77,855,644

-5.18%

 

Casino

July 2018
Total Gaming
Revenue

July 2017
Total Gaming
Revenue

% Change

Parx Casino

$50,019,386

$49,917,524

0.20%

Sands Casino Resort Bethlehem

$46,903,725

$47,060,002

-0.33%

Rivers Casino

$30,061,001

$29,937,226

0.41%

SugarHouse Casino

$24,976,685

$24,610,094

1.49%

The Meadows Casino

$22,090,033

$23,238,992

-4.94%

Harrah’s Philadelphia Casino and Racetrack

$20,834,168

$22,936,616

-9.17%

Hollywood Casino at Penn National Race Course

$20,251,246

$21,774,599

-7.00%

Mohegan Sun Pocono

$19,586,941

$22,568,354

-13.21%

Mount Airy Casino Resort

$17,115,022

$19,813,776

-13.62%

Presque Isle Downs and Casino

$11,958,484

$11,906,194

0.44%

Valley Forge Casino Resort

$10,625,296

$9,889,706

7.44%

Lady Luck Casino Nemacolin

$3,042,265

$3,327,527

-8.57%

Statewide Total

$277,464,252

$286,980,610

-3.32%

*Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvaniahomeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board


Source: European Gaming Media Latest News

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