Category archives: Gambling

Caesars Entertainment experienced a prosperous 2022, generating $10.8 billion in total revenue. This signifies a 13% rise from the preceding year. Despite this expansion, the entertainment conglomerate still posted a net deficit of $899 million, although this marks an enhancement over the $1 billion shortfall in 2021.

A key catalyst for their fiscal triumph was a robust showing in Las Vegas and local markets, with both establishing fresh highs for adjusted EBITDA in the final quarter. Commenting on their results, Chief Executive Officer Tom Reeg emphasized the sustained robust customer interest across all their venues and voiced optimism for the coming year.

Caesars concluded the year carrying a total debt of $13.1 billion. Nevertheless, they possess a substantial cash balance of $10 billion, encompassing $2.65 billion in restricted funds. Chief Financial Officer Bret Yunker stressed their dedication to decreasing debt, highlighting the successful reduction exceeding $1.2 billion in 2022. He also noted their strategic refinancing initiatives, including a $3 billion syndicated credit facility and a $4.5 billion debt capital markets issuance, which have prolonged their debt maturity profiles and bolstered their financial standing.

In the previous month, PlayAGS broadened its collaborative agreement with Caesars Sportsbook & Casino, the internet gaming branch of Caesars Entertainment.

“This arrangement with AGS introduces new game titles to our platform,” remarked Mathew Sunderland, Senior Vice President of Caesars Digital iGaming. “These offerings possess a demonstrated history of success in both the digital realm and brick-and-mortar casinos, thus we are certain our patrons will find them highly engaging.”

Bragg Gaming Group (traded as BRAG on the Nasdaq and Toronto Stock Exchanges), also called “Bragg,” recently revealed the release of “Egyptian Magic.” This engaging slot title is the creation of Atomic Slot Lab, Bragg’s newest game development branch, and signifies their introduction across numerous European iGaming regions.

Atomic Slot Lab aims to design distinctive and customized online gaming encounters specifically for European and North American players. “Egyptian Magic” and all subsequent titles will be accessible via Bragg’s proprietary ORYX Hub distribution network.

This new studio is the latest member of Bragg’s expanding collection of RMG brands, an assembly that already features names like ORYX Gaming and Wild Streak Gaming. At the helm of Atomic Slot Lab is Doug Fallon, a seasoned professional in the American slot machine development arena. He is also Bragg’s Content Group Director and the originator of Wild Streak Gaming.

Prepare yourself, as Atomic Slot Lab’s inaugural game is scheduled to arrive in the US market later this year! It guarantees an exhilarating fusion of traditional slot components and engaging features, encompassing immediate cash awards and the opportunity to secure Mini, Minor, Major, or even Grand jackpot prizes.

Doug Fallon’s history is a testament to his expertise; he excels at crafting slot games that American players cherish. With “Egyptian Magic,” it appears he is ready to extend that successful run.

Atomic Slots brings the excitement of Las Vegas casinos to online slot enthusiasts globally. Drawing inspiration from the most beloved games found in North American casinos, Atomic Slots’ offerings blend timeless themes and elements with cutting-edge online gaming mechanics. Their debut release, Egyptian Magic, is an enthralling slot game boasting Hold & Respin and Free Spins bonus rounds, in addition to four jackpots. Egyptian Magic has been meticulously crafted to entice both European and US audiences. The European iteration is a 25-line game characterized by a higher average feature win frequency and increased volatility, while the US version presents a 50-line experience with more regular wins and marginally reduced overall volatility.

Doug Fallon, Director of Atomic Slots, expressed his enthusiasm regarding the launch:

“Egyptian Magic embodies our dedication to crafting premium, immersive games customized to the distinct preferences of players across various markets. We’ve invested years deciphering what players desire, and we’ve leveraged that insight to meticulously calibrate the mathematics, features, and themes of our games.”

Atomic Slot Lab is delighted to collaborate with Bragg, delivering our premium slot games to US-based players. We firmly believe this partnership will be incredibly successful. Prepare for captivating titles such as “Egyptian Magic” – we anticipate widespread player enjoyment!”

Charles Chadd, a creator of the Good Life Plus company, detailed how their incentive-driven membership plan is revolutionizing the conventional lottery format.

Consider it a form of amusement with an opportunity to acquire life-altering awards. For a mere £11.99 monthly fee, participants can secure daily prizes varying from monetary rewards to high-end vehicles such as Aston Martins. Elevated levels, reaching a maximum of £29.99, unveil additional advantages like price reductions on meal deliveries and apparel.

Good Life Plus also incorporates complimentary items like cinema passes and streaming memberships to enhance the offer. They consistently introduce fresh perks, ensuring continuous improvement.

However, it extends beyond just the prizes. Good Life Plus has cultivated a community surrounding its nightly live selections, where subscribers can join in, converse with the presenters, and discover if fortune favors them. This interactive strategy has found success on social platforms, garnering a dedicated audience.

Therefore, we think the advantages of joining significantly exceed the small fee. In addition to the life-altering awards, which remain the primary attraction, it’s about involvement.

It’s a fresh idea;
from where did the idea for this incentive and lottery-based membership plan originate?

Well, as I stated, it is fundamentally an entertainment item. Our original motivation stemmed from concepts like zip code lotteries and nationwide lotteries – we simply believed they were extremely obsolete. You purchase a ticket, and you are essentially left with the fantasy of ‘what if I win? Imagine if I won the big one?’ However, the great majority of the time, you receive nothing. So we reasoned that we could provide something a little more progressive, something that truly returns value to the client: even if they do not win the jackpot, they are still succeeding by being a ‘Goodlife Plus’ subscriber. That is precisely what we are doing, and naturally, the larger our membership base grows, the more negotiating power we have with other companies to say, ‘Look, we have all of these incredible members. Is it possible for you to provide them with something unique?’

I believe that many of these companies are eager to attract new clients, so they are willing to provide our members with enticing incentives at a reduced price. As a result, you have the potential to win large, as you would with conventional betting or lottery products, but you also receive all of the benefits of the rewards program – it’s the best of both worlds.”

You stated that your business model leans more towards entertainment than wagering. What connection do you see between ‘Best of the Rest’ and the gaming sector?”

“It’s intriguing. We don’t offer a gaming service, but there’s definitely some common ground. Our subscribers enjoy earning those smaller prizes, but they also desire the excitement of a major victory. Therefore, we share that aspect with conventional lottery offerings. Actually, many large gaming corporations are now rebranding themselves as entertainment providers. Our edge is that we are purely entertainment. Register, and you’ll receive 50% off deals at all the best food delivery services and restaurants in the UK, movie tickets, streaming platforms, and the list continues to expand.”

“We don’t need to force it. We are authentic entertainment, but our intended demographic significantly overlaps with that of the gaming businesses. In the long run, if you examine the major players like Flutter or Entain, none of them have a membership-driven business-to-consumer operation. So, as we grow, I believe we’ll become a very appealing prospect.”

“You just brought on a new chairman, David Craven. What do you anticipate his background as head of Allwyn will contribute to ‘Best of the Rest’?”

“We’re extremely enthusiastic about that.”

His accomplishments are evident. He ascended to the position of Allwyn’s chief executive and skillfully secured the National Lottery concession, a feat that had long been controlled by Camelot for three decades! Emerging from relative obscurity in the UK, they achieved what many perceived as unattainable. This remarkable accomplishment underscores his proactive nature, instilling confidence that he will replicate this dynamism to cultivate something extraordinary here. His involvement transcends mere commerce; he possesses a genuine fervor for this sector, exhibiting an intimate familiarity with its intricacies. He comprehends gaming and entertainment, and a single dialogue with us, coupled with witnessing the product and our strategic direction, convinced him. His desire to contribute is palpable. Securing his participation is a significant triumph, and we are elated to have him join our ranks.

Our offering is novel, characterized by a genuine emphasis on reciprocating with our players. Even in the absence of winning the grand prize, they invariably benefit from Good Life Plus.

Concerning your December initial public offering, what has been the investor sentiment toward the company’s overall course over the preceding year?

We have garnered support from industry luminaries such as Victor Chandler of BetVictor and Mark Blanford, renowned for his association with Sportingbet. These individuals are iconic figures, titans within the gaming realm. Victor has been a steadfast supporter since our nascent stages, when our subscriber base numbered a mere 3,000. He has witnessed the realization of our vision from its inception. A true visionary, he propelled BetVictor to prominence before embarking on new ventures. Mark joined our endeavor in December with a substantial investment. Their endorsement is immeasurably valuable.

He came back to see us in February. Our team, our efficient operations, and our achievements thus far left a mark on him. Their choice to increase their investment is a substantial endorsement of our work. This is a very encouraging indicator for the entire sector, particularly given their esteemed standing within it. When it comes to gaming, they possess extensive knowledge and are fully supportive of our endeavors. We are delighted to have them as partners and are confident that this collaboration will revolutionize the industry.

As the pioneering social media lottery enterprise to go public, what has this experience been like, and what are your aspirations for the remainder of the year?

To be frank, we have wholeheartedly welcomed the transformations that accompany being a publicly traded company. Our rapid expansion has been exhilarating, and our adaptation has been seamless. This represents a significant turning point for us. A decade ago, I believe consumers would have harbored doubts, questioning the authenticity of winning opportunities. However, the lottery sector is undergoing a maturation process. Our public listing serves as a testament to our transparency, adherence to audits, and robust corporate governance.

These elements are paramount for both our stakeholders and our clientele. They significantly contribute to fostering trust and ensuring security within our operations.

They held an unwavering belief that sustained expansion at the current rate would propel them to the forefront of the UK stock market within the next couple of years. A public unveiling of their data was slated for two years out, promising a clear demonstration of their accomplishments.

Their distinctive edge in the gaming sphere, they asserted, lay in their adoption of a membership paradigm – a rarity in the field. This period marked, in their view, an exhilarating chapter for the company.

What were the elements that distinguished Good Life Plus? Several factors came into play. Firstly, they boasted an exceptional team, encompassing investors and advisors of the caliber of David Ivy, the visionary behind Dotdigital, hailed as one of AIM’s most resounding triumphs of the preceding two decades. Their ranks also included John Gordon, at the helm of Incentive Games, a frontrunner in the global provision of free-to-play software.

Secondly, their offering transcended mere gambling, encompassing the broader realm of entertainment. This, they posited, constituted a pivotal point of divergence from their supposed rivals.

The provision of complimentary services was not a fact they sought to conceal; rather, they actively championed it. Their aim was to provide a taste of the free membership experience, prompting a natural progression to the paid membership, perceived as a self-evident choice given its exceptional value proposition.

For what reason not simply embed it?” Our team is striving to enlarge the information repository at an unprecedented rate, and this method is crucial for accomplishing that objective.

BGaming has elevated its beloved slot game, Book of Cats, to a new echelon of exhilaration by incorporating the MEGAWAYS mechanism and a plethora of captivating new elements, including some incredibly enticing multipliers.

The game continues to center around the Egyptian feline deity Bastet, bestowing delight and fortune upon players. However, brace yourself, as this 6×3 slot is brimming with features: Experience free spins with re-trigger potential, expanding symbols within the bonus game, and a unique book symbol capable of augmenting win lines during those free spins. For the eager players, a Buy Bonus feature allows immediate entry into the bonus game at your discretion. With all these elements combined, there are an astounding 117,649 ways to achieve victory!

Regarding the bonus round, landing 3 scatter symbols will grant you 12 free spins, with the possibility of retriggering for even more winning opportunities. During these free spins, your winnings can be amplified by 2x, 3x, 5x, or even 10x. And should fortune smile upon you with multiple wild symbols on a spin, those multipliers begin to multiply each other, potentially leading to colossal wins.

Yulia Aliakseyeva, Game Producer at BGaming, encapsulates it perfectly: “This is an essential experience for all slot game aficionados!” With the infusion of MEGAWAYS, Book of Cats has become significantly more untamed!

By merging an enthralling concept with captivating gameplay, and adding a substantial amount of multipliers, Book of Cats MEGAWAYS transforms into a distinctive and remarkable game, differentiating itself within the vast market.

Succeeding their previous triumph, Soccermania, meticulously designed for the FIFA World Cup, arrives Book of Cats MEGAWAYS. This slot, debuting on November 15th, throws recognizable figures like Elvis the frog, Johnny Cash the cactus, Penny the pelican, and a highly enthusiastic archaeologist into the excitement of this popular sport.

BGaming, the creators behind this release, are a rapidly expanding iGaming content provider focused on converting the gambling experience into an enjoyable and engaging one. With a committed team and a player-focused strategy, the studio generates innovative and thrilling products, showcased on over 700 trustworthy platforms and internet casinos worldwide. BGaming was among the pioneers in supporting cryptocurrencies and providing demonstrably fair games. Presently, the brand’s collection boasts over 90 products, all crafted with high-resolution visuals and intuitive interfaces compatible with any device.

A prominent sports wagering firm, Better Collective, recently acquired the Danish soccer news platform, Tipsbladet.dk, for a substantial €6.5 million (approximately $6.9 million). This strategic maneuver is significant for Better Collective, illustrating their commitment to becoming a dominant force within the Danish sports media realm.

The transaction was executed as a cash and debt-free exchange, disbursed in three separate payments. Better Collective is utilizing its internal financial resources to finance the purchase, showcasing its robust economic standing. While they anticipate a minor impact on earnings in 2024, it is not expected to disrupt their broader financial objectives.

Tipsbladet is a renowned brand in Denmark, possessing a 75-year legacy in sports reporting. They have effectively evolved from a conventional print publication into a contemporary digital platform, solidifying their value in the current media environment. The formal transfer to Better Collective, also headquartered in Denmark, is scheduled for October 2nd, 2023.

Jesper Søgaard, co-founder and Chief Executive Officer of Better Collective, expressed enthusiasm about the acquisition, remarking, “Tipsbladet has served as the primary destination for Danes seeking exceptional football reporting for 75 years, and we are incredibly honored to welcome them into our organization.”

Henrik Stegger Nielsen, the previous proprietor of Tipsbladet, shared this sentiment, stating, “Since taking ownership of Tipsbladet in 2007, my objective has been to guarantee its enduring well-being and viability. Having achieved that, I believe there is no more suitable successor than Better Collective to continue its legacy.”

Im certain the new management will achieve remarkable feats with Tipsbladet. Their enthusiasm and expertise are poised to elevate this already iconic football publication to unprecedented heights.

Established in 1948, Tipsbladet boasts the distinction of being Scandinavia’s oldest football magazine! Since 2000, its online counterpart, tipsbladet.dk, has emerged as the premier digital destination for all things related to the sport. We’re talking breaking news, comprehensive features, match forecasts – you get the picture, they have it all. They even provide wagering suggestions, video content, and meticulous statistical breakdowns.

Attracting roughly 6.8 million monthly visitors and commanding a loyal audience exceeding 1.1 million across diverse social media platforms, Tipsbladet stands as a true force in the realm of football journalism.

BetMGMs debut in the UK during the Cheltenham Festival encountered technological obstacles, resulting in user dissatisfaction.

The system, despite creating excitement with enticing promotions and advertising, suffered from technical malfunctions that negatively impacted the user experience. Customers reported problems with site performance, sluggish wager processing, and holdups in cashing out.

BetMGM UK recognized the difficulties, guaranteeing clients that all wagers and financial actions would be fulfilled. They promised assistance to users encountering particular issues.

This technological snag stood in stark contrast to BetMGM’s assertive marketing campaign since entering the British market in August 2023. Supported by MGM Resorts, the firm has collaborated with entities like LeoVegas and even secured comic Chris Rock as a representative. The incongruity of the situation – a troubled launch – did not go unnoticed by onlookers.

Despite the shaky beginning, BetMGM UK appears resolute in its efforts to surmount these initial challenges.

This declaration comes on the heels of the business’s thrilling new collaboration with the Jockey Club, backing the legendary County Hurdle at the Cheltenham Festival.

Maybe this clarifies the latest technological difficulties – all those racing enthusiasts hurrying to explore the incredible new client deals and Cheltenham specials must have generated quite a buzz!

Beter is increasing its collaboration with the Asian Basketball League (ABL) to deliver even more thrilling basketball action to viewers. The organization will offer backing and advertising for upcoming ABL competitions taking place in Bishkek, Kyrgyzstan, working alongside the national basketball association. Beter is dedicated to providing a high-quality viewing experience, with every game aired live with numerous camera perspectives. They’ll also be guaranteeing the fairness of the matches with their dependable services, which will be a sure win for both athletes and the rapidly expanding realm of sports wagering.

This broadened collaboration means Beter will furnish live streaming, information, and probabilities for 66 ABL basketball matches per competition. With three competitions scheduled before the conclusion of 2022, that’s more than 160 matches for enthusiasts to relish! Nikolay Vernidub, Assistant Chief Executive Officer of Beter Sports, stressed that incorporating new and captivating sports is a crucial element of their expansion plan. This alliance, which commenced in 2021, is undoubtedly a guaranteed success for both Beter and basketball aficionados!

The sport of basketball enjoys immense global popularity, ranking among the most prominent in the world. Therefore, incorporating it into our offerings was a natural progression. Our user base desires expanded choices, and this addition fulfills that need. Furthermore, we have dedicated significant effort to enhancing the overall wagering process, making it more seamless and captivating.”

“It is self-evident that all the contests we feature adhere to the utmost principles of probity. We collaborate directly with sporting bodies and organizations to guarantee this commitment.”

This proclamation follows closely on the recent expansion of Beter’s existing alliance with Bayes Esports just the previous month.

A prominent sports data and technology firm, Sportradar, has named Behshad Behzadi as its new Chief Technology Officer (CTO) and Chief AI Officer (CAIO). Behzadi joins the company with extensive experience from Google, where he was instrumental in developing their AI endeavors, notably in conversational AI and applied generative AI for business solutions.

In his dual capacity at Sportradar, Behzadi will lead the incorporation of AI throughout their product offerings. His emphasis will be on elevating the fan experience by utilizing AI to deliver customized content and analysis.

Carsten Koerl, Sportradar’s CEO, conveyed his enthusiasm for the appointment, emphasizing Behzadi’s standing as a global authority in AI and his demonstrated history of propelling innovation and expansion. Behzadi also expressed his eagerness to join Sportradar, acknowledging their position as a pioneer in the sports technology sector.

My enthusiasm knows no bounds as I embark on this journey with a company so deeply committed to advancing technology and prioritizing groundbreaking ideas.

Collaborating with Carsten, the executive team, and the exceptionally skilled individuals at Sportradar presents a remarkable chance to contribute to the company’s impressive history of progress and help mold its direction.

Regarding the times ahead, it’s significant that Sportradar recently revealed Craig Fellenstern as their latest Chief Financial Officer. I’m eager to witness the beneficial influence he’ll bring.

This autumn, enthusiasts of athletic competition and card game masters will have a major event to anticipate in the Crescent City. That’s when Caesars Entertainment will debut its completely new sports wagering area and World Series of Poker Room at the recently renamed Caesars New Orleans (previously Harrah’s New Orleans).

This expansive entertainment venue is one element of a colossal $325 million renovation endeavor. The sportsbook alone will encompass over 5,700 square feet, featuring numerous betting counters and automated stations to manage the activity. Adjacent, poker aficionados will discover a 5,000 square foot sanctuary with 20 tables accommodating players of all skill levels.

Caesars is making every effort to establish this as a top-tier destination. Imagine an opulent ambiance befitting the Caesars name, complete with a massive 147-foot video display that will immerse you in the heart of the game. Naturally, there’s a cutting-edge sound system to match, ensuring you won’t overlook a single play.

For those who favor a more exclusive atmosphere, private viewing rooms are available for gatherings of up to 10 individuals. And for those who appreciate a beverage while observing the action, there’s an expansive bar that can accommodate 28 patrons.

This isn’t the only project Caesars has underway. They’re also diligently updating their Lake Charles establishment, soon to be rebranded as Horseshoe Lake Charles, and they’re constructing a brand new sportsbook at Horseshoe Bossier City.

It’s evident that Caesars is fully committed to Louisiana, and with this new sports wagering area and poker room, they aspire to create the ultimate gaming and entertainment destination in the Southern United States.

This premier sports betting destination will revolutionize the Louisiana landscape. It promises an unparalleled experience for both sports enthusiasts and visitors. The deep connection between Louisiana, sports, entertainment, and hospitality is undeniable, and this initiative underscores our dedication to the state.”

The dedicated poker area will offer a range of cash game options, with tournaments scheduled every Sunday, Monday, and Wednesday.

Samir Mowad, the head of Harrah’s New Orleans, remarked, “The World Series of Poker holds iconic status, and we’re delighted to unveil a poker room worthy of its legacy. Our goal is to cultivate an exceptional environment where players can compete and have a great time. We aspire to foster a strong sense of community and create lasting memories for the victors.”

The United Kingdom’s advertising regulatory body, the Advertising Standards Authority (ASA), has raised concerns about a Facebook advertisement from gambling firm BetVictor. The promotional material, showcasing Barcelona football club players Sergio Busquets and Jordi Alba, was considered unsuitable due to its perceived “strong appeal to minors.” The ASA determined that the inclusion of these famous athletes would be particularly enticing to young individuals, a violation of the stringent regulations surrounding gambling promotions in Britain.

Felix Faulkner, an attorney from the legal practice, remarked on the judgment. He stated that this clarifies which participants will be impacted by the updated regulations as per the ASA. This is particularly crucial for participants outside of the United Kingdom who were not included in the prior directives released by the CAP.