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Juniper Research estimates that online bets would surge to $700B

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The latest Juniper Research data reveals that when an escalated taking up of digital products go hand in hand with favourable online gambling regulation would prompt a considerable hike in the number of digital wagers in 2018. The Juniper’s Mobile & Online Gambling: Casinos, Lotteries, Betting & VR 2018-2022 affirms that there will be a huge leap in the total online wagers at least by 11.4 percent to $700 billion this year than just over $620 billion last year.

As per the findings of Gambling analysts the casino vertical will stay at the forefront of driving online wagers this year. Juniper forecasts that by 2022 when the global online gambling wagers reach a total of $1 trillion the number of online gambling users would double to 684 million.

According to the news outlet, Analyst Lauren Foye, said:  “We believe new channels, such as chatbots, have the potential to drive customer engagement, through the delivery of personalised offers, alongside 24/7 player support.”

In making its conclusions, Juniper accounted for the raft of global legislative changes such as the recent poker ban in Australia and significant disruption from social offerings.

Juniper portrays a rosy picture for online gambling, as they believe that new opportunities will emerge across the globe. It cited the North American market as ripe for future growth after seeing a number of U.S. states taking initiatives to legalize online gambling.

In October 2017, Pennsylvania authorised online casino and poker sites, daily fantasy sports, online lottery sales, mobile gambling at airports after legislators approved a sweeping expansion of gambling.

Pennsylvania joins Delaware, Nevada and New Jersey as the only U.S. states that currently permit some form of non-lottery online gambling.

Meanwhile, Juniper hailed LetsBet as one of the innovative start-ups that will shake up the current status quo in the online gambling market. It also expressed confidence that “providers in the online gambling industry, particularly in the casino space, will increasingly offer engaging products to drive user adoption and player spend.”


Source: European Gaming Media and Events

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SLS Las Vegas to launch sports betting tournament during football season

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SLS Las Vegas to launch sports betting tournament during football seasonReading Time: 1 minute

SLS Las Vegas Hotel & Casino will launch a special sports betting tournament during the upcoming football season. The resort will offer fantasy drafts, food and beverage specials, viewing parties and more during the matches. Starting Thursday, 6th September, whether watching pro football Thursdays, Sundays and Mondays or college football Fridays and Saturdays, Umami patrons can enjoy a variety of game day specials.  The Sayers Club will also host viewing parties Saturdays and Sundays throughout the season on six big-screen televisions.

Guests aged 21 and up are invited to stop by the state-of-the-art William Hill Sports Book to place bets on their favourite teams. Sports book patrons have access to innovative wagering technology, including William Hill’s market-leading mobile betting platform available on iPhone, iPad and Android devices. Additionally, the sports book features an expansive HD video wall for viewing of sporting events and betting odds, as well as fully automated InPlay wagering.

 

Source: focusgn.com


Source: European Gaming Media Latest News

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Authentic Games obtains UK gambling license

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Authentic Games obtains UK gambling licenseReading Time: 1 minute

Authentic Games, the Malta-based Live casino specialist has obtained a service provider license from UK Gambling Commission. The license will allow it to provide its whole range of games and products to UK operators and players.

The company’s product range includes the flagship Authentic Roulette product, which live streams from roulette tables located on the floors of premium casino resorts in Malta, USA, Romania, Georgia, Italy and Denmark.

Authentic Gaming recently opened a new Arena studio in Malta, and has a client list that includes Leo Vegas, Mr Green, and all Kindred Group brands including Unibet.

The studio contains six Live Auto Roulette tables with four different game formats: Classic Roulette, Speed Roulette, VIP Roulette and a never-seen-before variant, Blaze Roulette.

Blaze Roulette is set against a game show backdrop. The game table is lit with LED lights, and a giant video wall that completes the showbiz theme. Blaze is the only “game show” style Live Roulette game dedicated to roulette players.

Jonas Delin, CEO of Authentic Gaming, said in a statement Monday: “The UK is a key market for us as we continue to expand into regulated jurisdictions around the world. With nearly half of our client base holding a UKGC licence, we are eager to bring our games to market.”

 

Source: reviewed-casinos.com


Source: European Gaming Media Latest News

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Crown Resorts’ profits suffer massive dip

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Crown Resorts’ profits suffer massive dipReading Time: 1 minute

The company has reported its full-year results, which fell to US$558.9 million.

Crown Resorts, one of the biggest gaming and entertainment groups in Australia, reported a steep fall in its profits. According to the latest financial results, the company’s profits have decreased by 70 per cent to US$558.9 million. This is significant because the company sold its facilities and business ventures in Macau last year.

This has been a problem year for Crown Resorts. Its board member James Packer left the company and 19 of its executives were arrested in China. However, not everything is lost. Despite the 70 per cent dip in net profit, there is a 12.7 per cent increase in normalised profit to US$385.6 million. It also registered a 5.4 per cent increase in operating revenue to US$3.4 billion.

John Alexander, Executive Chairman of Crown: “Crown’s full-year result reflects a solid performance from our Melbourne operation and continued subdued trading in Perth. VIP program play turnover in Australia of US$51.5 billion (up 54.5 per cent) was a pleasing outcome, particularly at Crown Melbourne (up 73.9 per cent), given the difficult trading conditions.”


Source: European Gaming Media Latest News

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