iGaming Industry
New Jersey reports revenue fall in October
The DGE announced October’s gaming revenue results that show New Jersey experienced a slight decrease.
The Division of Gaming Enforcement (DGE) of New Jersey revealed that based upon filings, casino win from the industry, including the discontinued operator Trump Taj Mahal, for October was US$185.8 million, a 0.3 percent decrease when compared to the US$186.4 million totaled in October 2016.
With online gaming win totaling US$10.6 million last month, an increase of 23.4 percent over the same period a year before, the industry’s total gaming win for the month was US$206.4 million, up from the US$203 million in October 2016, or a 1.7 percent increase.
Year-to-date numbers indicate that casino win gathers US$2.041 billion through October 2017, which increased if compared to the US$2.036 registered in the prior period, reflecting a 0.3 percent increase.
New Jersey’s regulated online casinos totaled US$20.6 million in October and set an eight consecutive month over the US$20 million mark. With two months to spare in 2017, it hit the US$200 million mark in gross revenue for the year and broke the annual revenue record. Online casinos generated US$204.2 million in gross revenue through October 31 and surpassed the US$196.7 million that was accomplished in the 12 months of 2016.
Total gaming win increased to US$2.245 billion, a 2.2 percent up when compared to he same period last year. The current operators in Atlantic City, excluding Trump Taj Mahal, increased their numbers 0.2 percent to US$185.8 million in October. Total gaming win was US$206.4 million, a 2.1 percent up over the same month last year. Year-to-date information indicate that current operators’ casino win was US$2.041 billion, a 6.8 percent increase, whilst total casino win was US$2.245 billion, 8.4 percent up.
“For the month of October 2017, total gaming taxes were US$16.3 million. Total gaming taxes reflect 8 percent of taxable casino gross revenue and 15 percent of Internet gaming gross revenue. In addition, the casino industry incurred US$2.8 million in Investment Alternative Tax Obligations, which reflects 1.25 percent of casino gross revenue and 2.5 percent of Internet gaming gross revenue,” said the report released by the DGE.…
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Source: EEGaming.
Pragmatic Play, a leading content supplier to the iGaming industry, has reinforced its commitment to Latin American expansion by strengthening its existing relationship with Colombian operator FullReto.
The latest agreement will see FullReto offer its players a broad selection of Pragmatic Play’s unique Virtual Sports titles, building on an already extensive offering of over 300 Slots and Live Casino games.
Fantastic League, Greyhound Racing, and the thrilling motor racing-themed Force 1 are among the games now available to FullReto customers as the operator looks to capitalise on the rapidly increasing popularity of Virtual Sports to consolidate its position as a leading platform in Colombia.
The multi-product partnership reaffirms Pragmatic Play’s intentions to expand its offering in the LatAm markets, with FullReto now offering a vast catalogue of Pragmatic’s award-winning games across three verticals.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is delighted to reinforce its partnership with FullReto by providing its players with access to its renowned Virtual Sports games. The deal not only emphasises Pragmatic Play’s desire to provide Colombian players with an exciting online gaming experience, but also demonstrates the supplier’s dedication to furthering its Latin American expansion.”
Andrés Tamayo, General Manager at FullReto, said: “FullReto’s continued collaboration with Pragmatic Play highlights our main objective of supplying the optimal player experience. The addition of Pragmatic Play’s Virtual Sports offering, on top of its Slots and Live Casino games, will ensure FullReto players have access to hundreds of fan-favourite games across a variety of verticals.”
Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its Live Casino footprint across Peru after going live with major local operator, Atlantic City.
The partnership sees Pragmatic Play’s full Live Casino portfolio integrated with the operator, enabling players in Peru to enjoy market-leading titles such as Blackjack, Roulette, and Baccarat from the supplier’s award-winning portfolio.
This latest agreement showcases Pragmatic Play’s plans for growth in LatAm, exhibiting an array of its verticals across multiple territories in recent months. It is the latest deal signed by Pragmatic Play with a Peruvian operator, following a comprehensive growth strategy in the country.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Atlantic City is one of Peru’s most reputable operators and offers another opportunity to showcase the Pragmatic Play Live Casino portfolio in Peru. With an offering that will deliver exceptional gaming experiences to players, this partnership promises to cement Pragmatic Play’s position at the forefront of the Peruvian iGaming industry.”
Alonso Huiman, Chief of Online Casino at Atlantic City, said: “This landmark agreement with Pragmatic Play is a pivotal moment for us. Its vast selection of table and card games will resonate seamlessly with our player base and we are confident that this will propel our brand to new heights.”
Pragmatic Play, a leading content supplier to the iGaming industry, is set to participate in CGS Santiago this month, as the provider seeks further inroads across the continent.
The provider is also the standalone Diamond Sponsor at the event, which takes place at Espacio Riesco in the country’s capital, Santiago, on May 29 and 30.
Pragmatic Play is set to attend the event as a renowned actor in the market, for its multi-product offering, comprising Slots, Live Casino content, Virtual Sports, Sportsbook, and Bingo, including fan-favorite titles Gates of Olympus and the popular Blackjack X.
With expo season now in full swing, CGS Santiago marks another conference in the region for the supplier, following its presence at BiS – SiGMA Americas in Brazil, GAT Expo in Colombia, and SBC Summit Rio earlier this year.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Latin America remains a key focus for Pragmatic Play as it gears up to make meaningful connections in Chile, a region full of potential as the iGaming industry continues to evolve in this part of the world. Pragmatic Play is also proud to be a Diamond Sponsor at this year’s expo, showcasing the importance that CGS Santiago represents and the immense opportunities that the two-day event has on offer.”
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