Gambling Industry News

If you are looking for the latest gambling industry news and information then you are in the right page. We provide everything you need to know about the gaming industry that includes sportsbook pay per head industry headlines, casino news, and other aspects of the gambling industry.

In addition, we also publish casino and sportsbook reviews, tutorials, and more. Our mission is to provide relevant information that can help our visitors with their gambling goals. It doesn't matter whether they are players or bookies. We strive to be the top source of online gambling industry news.

The next time you need to know anything about the gambling industry, visit SportsbookSOS.com. Our articles can help you understand what's going on in the world of gambling worldwide.

Online Gambling Industry News You can Trust

King Media to Benefit from SOFTSWISS Jackpot Aggregator

Details: Category: Gambling Industry; Created: Friday, 01 September 2023 10:46

King Media signed a deal with SOFTSWISS. As a result, it has access to the SOFTSWISS Jackpot Aggregator, which will power the jackpot campaigns for King Media's MGA and Curacao online casinos.

King Billy Casino's parent business, Kings Media LTD, and SOFTSWISS, the industry standard in cutting-edge iGaming technology, have announced a new deal. According to sportsbook pay per head providers, the companies announced their new partnership on Thursday. Also, the latter agreed to use the former's Jackpot Aggregator to launch three exclusive jackpot campaigns for King Media.

King Billy's MGA and Curacao casinos are the focus of the latest advertising pushes. The partnership aims to increase the excitement and thrill for casino patrons. Sportsbook pay per head reviews and news sites anticipated that Jackpot Aggregator would favor Kings' income and retention rates.

Write comment (0 Comments)

Enjoy Group Considers Selling LATAM Assets after Failed Merger

Details: Category: Gambling Industry; Created: Sunday, 06 August 2023 07:08

South African casino firm, Enjoy Group, contacted the Commission of Financial Markets of Chile to discuss the potential sale of its casinos in Uruguay and Chile. Also, the decision came after Enjoy failed to merge with DREAMS SA.

According to bookie pay per head experts, the April deadline for the merger between Enjoy and the firm came and went without action. Enjoy Group has been looking for alternative long-term strategic initiatives to increase profits ever since.

The news comes after a report by Diario Financiero on July 30 that Enjoy was selling its assets in Chile and Uruguay.

Enjoy Group to Sell LATAM Assets

According to sportsbook PPH reports, the corporation may gain from a deal if it sells its operations in Chile and Uruguay. Enjoy Group has been working with their financial advisor, ASSET Chile, to plan this transition. ASSET Chile aims to attract investors and strike a contract to help the firm thrive.

Write comment (0 Comments)

The Most Valuable City in Sports Gambling

Details: Category: Gambling Industry; Created: Thursday, 18 May 2023 19:49

It’s the most valuable city in sports gambling. There are so few people outside on a spring afternoon in this little Colorado town that you can hear the North Clear Creek, which runs through it, flowing with water. And yet, this community of just 100 people, who reside in 61 homes, is the most expensive in all of America's regulated sports betting regions.

Key Points

– Sports gambling thrives in a small Colorado town.

– Black Hawk has a rich, interesting history that has led to its link to sports betting.

Sports Gambling, Meet Black Hawk, Colorado

Black Hawk, Colorado stands alone as the sports gambling center of this new world as we mark the fifth anniversary of a Supreme Court ruling that permitted states to determine their own sports gambling fate.

There are more valuable states than Colorado in the era following the repeal of the Professional and Amateur Sports Protection Act of 1992. Over the past five years, wagers totaling more than $20 billion have been placed in five different states: Illinois, New Jersey, Nevada, New York, and New Jersey.

Write comment (0 Comments)

NY Sports Betting Revenue Increases 42% Year-Over-Year

Details: Category: Gambling Industry; Created: Saturday, 08 July 2023 14:06

June is a crazy month for sportsbooks in New York. Although NY sports betting revenue dropped during the month, it is still higher than the same month last year.

According to gambling software solutions sources, New York online sportsbooks earned a gross gaming revenue of $103.8 million. It was lower by 31.7 percent compared to May. However, it is an increase of 42 percent year-over-year.

The New York Gaming Commission released a recent revenue report that showed a handle of $1.17 billion. According to bookie tutorials and news sites, the state had a sports betting handle of over one billion dollars in the tenth straight month. Although bets were down 14 percent from May, it is higher by 11.3 percent compared to June last year.

Write comment (0 Comments)

Lawmakers Pass Bills to Amend Illinois Sports Betting Law

Details: Category: Gambling Industry; Created: Sunday, 28 May 2023 01:45

Lawmakers will likely pass two bills to amend the Illinois sports betting law. They focus on in-state college betting and problem gambling. Also, SB 89 and SB 1508 would end up on the desk of Governor JB Pritzker.

According to gambling software reviews and news sites, the two bills focus on preventing problem gambling. Also, it would end the debate on what to do with in-state college wagering. As more gambling products launch in the state, lawmakers try to address the need for a more comprehensive response to problem gambling.

SB 1508 will ensure that underage people caught at gambling venues will not be punished. Instead, sportsbook watchdog in the state will refer them to a treatment facility. The measure gained momentum in the Senate and the House. Thus, it will be apt for Governor Pritzker to decide the bill's fate.

Write comment (0 Comments)

Chile Increases Online Gaming Tax Revenue with New Law

Details: Category: Gambling Industry; Created: Sunday, 18 June 2023 19:12

Online gambling is about to be launched in Chile. The Ministry of Finance released new measures that operators must comply with regarding tax payments and licensing. Thus, the online gaming tax revenue will be more significant than the previous estimate.

According to bookie pay per head sources, the new guidelines would allow the government to increase tax revenue from the gambling industry. Also, the measures follow what policy stakeholders agreed on when the legislation was still being discussed.

The SCJ will supervise the online gambling market. Also, it will oversee the licensing process and activities of the operators. In addition, operators need to use the .cl domain. The SCJ will ensure operators comply with international transparency and security standards. That's how to be a bookie in Chile.

Write comment (0 Comments)

Evolution Starts Year with a Bang with Outstanding Q1 Revenue Increase

Details: Category: Gambling Industry; Created: Sunday, 30 April 2023 15:00

Evolution released its financial report that showed a significant Q1 revenue increase. Also, it complemented the company's strong performance in various global markets. The B2B solutions provider reported a 31.5 percent increase year over year.

According to sportsbook reviews and news sites, Evolution reported operating revenue of $474 million in the first quarter. In 2022, its operating income in the first quarter was $360 million. Also, the firm's EBITDA in the first quarter was $331 million. It was up 30.7 percent from last year's $253 million.

In addition, the EBITDA margin for the quarter was 69.9 percent. On the other hand, the EBITDA margin from the first quarter of 2022 was 70.3 percent.

Write comment (0 Comments)