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SOFTSWISS Sportsbook Inks a Deal with PowerCasino

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SOFTSWISS Sportsbook announces the launch of its brand-new project with PowerSport. This new launch will be the very first integration of the Sportsbook Platform with a client not running on the SOFTSWISS Online Casino Platform. PowerSport is part of the PowerCasino brand and will now be able to provide its players with a sports betting experience. 

The deal will enable PowerSport players to place bets in over 10,000 live events, on more than 70 types of sports, and on 1200+ betting markets. The third-party platform integration is a significant milestone for the Sportsbook’s growth as it continues breaking new ground and establishing itself in the global arena. 

The new SOFTSWISS Sportsbook project was released on June 18th, 2021. The setup process was concluded via API in a record-breaking 1 month. It comes just in time for the start of another grand sporting event of this summer – the 2021 Wimbledon Championships, which began on June 28th. The deal incorporates the standard Sportsbook package which will include all the latest additions such as Free Bets, Comboboost, and many more. 

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Since the official launch in December 2020, Sportsbook has already shown astonishing results working with a large variety of brands operating on the SOFTSWISS Online Casino Platform. The sports betting software solution keeps making pace and is actively expanding its third-party client portfolio with PowerSport. 

Aleksander Kamenetskyi, Sportsbook Product Owner, notes: “We are euphoric to introduce Sportsbook’s very first client outside of the SOFTSWISS Online Casino Platform – PowerSport – who will help us to further expand our business partner network! The integration with a third-party platform client is a gigantic step forward, which will help us strengthen Sportsbook’s global positioning on the market. In the coming months of 2021, we expect Sportsbook to generate massive brand growth as well as expand into new exciting territories. Stay tuned!”.

Lukas Drabek, CEO of PowerCasino, comments on this event: “Our relationship with SOFTSWISS started in 2020 with integration of slot games into our Online Casino project. SOFTSWISS has proven itself a reliable partner with a great team and a high-quality product. We had no reservations about starting a new project together, and now we’re really excited to expand our partnership with the SOFTSWISS Sportsbook platform. We’re happy to see that the product is constantly evolving, allowing us to provide new features and a great betting experience to our players across the world”.

 

About SOFTSWISS 

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SOFTSWISS is an international tech brand supplying widely acclaimed, certified software solutions for managing iGaming operations. SOFTSWISS holds a number of gaming licenses, providing a “one-stop-shop” white label solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an affiliate platform, and a recently launched sportsbook platform. In 2013 SOFTSWISS was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

 

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Pennsylvania Gaming Control Board Releases Annual Report

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The Pennsylvania Gaming Control Board (“PGCB”) has released the 18th edition of its Annual Report.

The PGCB’s 2023-2024 Annual Report provides detail on the work of the agency in regulating the Commonwealth’s gaming industry, and also includes:

  • individual revenue figures during another record-setting fiscal year for slot machines, table games, sports wagering, internet gaming, fantasy sports contests and video gaming terminals at eligible truck stops;
  • a year in review report with pertinent statistical figures from the PGCB’s key bureaus;
  • information on the PGCB’s efforts to stop adults from gambling while leaving minors unattended; and,
  • a section on problem gambling and the PGCB’s Self-Exclusion Program.

The PGCB was established in 2004 through the passage of the Pennsylvania Race Horse Development and Gaming Act. Since then, it has become one of the pre-eminent gaming regulators in the world overseeing all aspects of gambling in the Commonwealth. Currently, the number of outlets for the various types of gaming regulated by the PGCB are:

  • 17 land-based casinos;
  • 18 retail sports wagering locations;
  • 12 online sports wagering sites;
  • 22 sites for online casino-type games (slot machines, table games, poker);
  • 74 truck stop establishments with Video Gaming Terminals (VGTs); and,
  • 9 online fantasy sports contest sites.

In addition to supporting nearly 16,000 jobs at casinos, overall gaming revenue reached a record high during the fiscal year generating $5.89 billion and resulting in $2.54 billion in tax revenue.

The 2023-2024 Annual Report can be downloaded as a PDF document by choosing Organization Reports under the About PGCB tab on the agency’s website.

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Allwyn International a.s. relocates to Switzerland

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Allwyn, a leading multi-national lottery operator headquartered in Switzerland, announced that the Allwyn entity Allwyn International a.s. (“AIAS”) has relocated from the Czech Republic to Switzerland. Effective 1 October 2024, AIAS has become a Swiss entity (under the new legal name Allwyn International AG) and has transferred its place of business to Switzerland.

As of the date of relocation, the €500 million 3.875% senior secured notes due 2027 (the “2027 Notes”) originally issued by AIAS have been transferred to Allwyn Entertainment Financing (UK) Plc, as substituting issuer. Allwyn Entertainment Financing (UK) plc is the issuer and borrower of certain other Allwyn bonds and loans. AIAS has become a guarantor of the 2027 Notes, which continue to be guaranteed and collateralised pari passu with other indebtedness under Allwyn’s intercreditor agreement dated 16 December 2020.

The relocation has no effect on Allwyn’s workforce or lotteries and gaming operations in the Czech Republic.

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The post Allwyn International a.s. relocates to Switzerland appeared first on European Gaming Industry News.

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Oddin.gg Breaks New Ground as Ohio Marks its 5th North American Betting License

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Oddin.gg is proud to announce that it has secured a full 3-year sports betting license in Ohio, further strengthening its standing as the esports betting solutions provider with the most licenses in North America. With this latest addition, Oddin.gg now holds four US licenses—New Jersey, Colorado, West Virginia, and Ohio—and a total of five across North America, including Ontario, Canada.

The Ohio license is a strategic milestone, as the state is set to become one of the most active betting markets in the American Midwest. According to projections from the Ohio Legislative Service Commission, the state’s sports gaming market is expected to reach approximately $3.35 billion annually as it matures. By securing this license, Oddin.gg is well-positioned to support operators in tapping into this significant potential.

Obtaining the Ohio license also demonstrates Oddin.gg’s ability to meet the state’s comprehensive regulatory standards, which include arduous assessments of financial stability, operational integrity, and adherence to state laws. This achievement reinforces Oddin.gg’s reputation for compliance and reliability, enhancing its capability to deliver full-service esports betting solutions tailored to a growing market.

Ohio’s sports betting legislation imposes a 10% tax on sports gaming receipts, contributing to public education and initiatives supporting veterans in the state. Oddin.gg’s entry into this regulated environment reinforces its role as a leader in shaping the future of esports betting in the US while offering operators a pathway to engage with a new generation of bettors in a secure and exciting way.

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Vlastimil Venclík, CEO of Oddin.gg, shared his enthusiasm about the news: “Securing a license from the Ohio Casino Control Commission is a significant step in our North American journey. Ohio is poised to become one of the most dynamic betting markets in the US, and gaining this
approval aer meeting the state’s rigorous standards is a true reflection of our commitment to integrity and excellence both in Ohio and beyond. However, this license isn’t just about expanding our reach; it’s about ensuring our partners have access to market-leading esports betting solutions that fully align with all local regulatory requirements.”

He continued, “Ohio’s market is gearing up to be something special, and we’re excited to help operators tap into that potential. As esports betting continues to evolve, Oddin.gg is ready to provide the expertise, technology, and support to make sure our partners succeed.

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