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“Clearly the new casinos have added competition and it has been a good thing for visitors,” James T. Plousis, chairman of the New Jersey Casino Control Commission, said in a statement. “Market adjustments were expected and will continue as each casino works to attract new customers and build their market share.” Before the two new luxury integrated resort casinos opened their doors to launch the summer season, Atlantic City had seen an 11.7% drop in total casino revenue for the first quarter year on year, a worrying sign that led to fears that a lack of diversity in Atlantic City’s offerings, increasing regional competition, such as the Valley Forge Casino Resort, the Sands Bethlehem and Mt. Airy Casino Resorts in Pennsylvania near enough by to be a draw for gamblers coming from New York City, and the rise of online gambling would mean hopes for a revival may have been overly optimistic. In fact, Pennsylvania casinos saw a solid rise in revenue numbers reporting $16 million more in 2018 revenues than in 2017 to hit $2.35 billion. Atlantic City’s July revenue figures, however, have given many a cause for new hope as the market begins to adjust to the new opportunities, led by online gambling and sports betting. After the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act, in the case of Christi vs the NCAA , effectively opening the doors on legalized sports betting across the USA, New Jersey, who had been leading the fight to have the Act overturned, were the first to act with sports books opening up within weeks. Immediately after the Supreme Court ruling 14-state lawmakers were able to fast track a bill to ensure the state would be one of the first to tap into what is estimated to be a $150 billion market. July revenue figures for Atlantic City’s three new sports books at the Borgata, Ocean Resort and Monmouth Park totalled $3.8 million. Figures are not available for the sports books at the Meadowlands Racetrack and Bally’s Atlantic City, as their betting operations were not launched until near the end of the month.
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Estimated to be worth some $31 million in ticket sales alone and expected to grow exponentially, tapping into the eSports market in Sweden is becoming an increasing priority for many operators with a keen eye to the future. A report by the Kindred Group has noted that Sweden currently has more professional eSports players than any other country, including Japan, South Korea and Russia, who were long dominant in the field, underscoring the growth potential. Competition, however, is expected to be fierce. A report by Kantar Sifo has shown that Sweden’s major gambling operators, including the former national monopoly Svenska Spel, international giants like the Kindred Group and LeoVegas, rank in the top 20 of the Scandinavian nation’s biggest advertisers, spending a total of over €117.3 million combined in 2017 alone. While industry experts have praised the new law and the increased competition, potential market growth and innovation it is likely to bring, critics have pointed out one major flaw in the new regime.
Rainbrew Slot Gets Exclusive Release at Microgaming Casinos Published August 17, 2018 by Mike P Rainbrew is the latest new slot from Just for the Win, a studio that maintains a development partnership with Microgaming casinos. Microgaming has been known for releasing the Castle Builder slots from Rabcat, which is a smaller-scale developer compared to the aforementioned global software provider. In a more recent development partnership, Microgaming has also started to release slots from a studio called Just for the Win, headquartered in Sweden and established in 2016. As a result, a number of Just for the Win slots have arrived at Microgaming casinos in 2017 and 2018, including the likes of Amazing Aztecs, Deco Diamonds, Goldwyn’s Fairies, Lucky Links, and Temple of Tut. Adding to that list is the launch of the Rainbrew slot, which has been exclusively released at Microgaming casinos , as of August 2018. As the intro video rolls, it becomes apparent that Rainbrew takes place in the motion shop of a magical town populated by leprechauns and illuminated by rainbows. Meanwhile, a folk-style score serves as the audio accompaniment for a slot game that has been optimised for mobile screens. At first, players will see that Rainbrew is a five-reel slot with three rows and 243 ways of winning. However, that can all change if the blue row at the top and/or the green row at the bottom of the interface are activated. Ultimately, this can lead to 1,125 ways of winning by matching the various Celtic symbols. The additional rows are governed by the Sidewinder feature, which always remains active.
In that law, local officials were given the ability to reverse their opt-out decisions if a casino as the so-called Category 4 casinos are built out. But a decision to get back in the market is final. In its letter seeking time on the agenda, Greenwood's attorney, Mark Stewart, thanked Adams for preliminary discussions to date and stated "we would like to continue our dialogue." Pennsylvania's newly-authorized satellite casinos are, by statute, permitted to have between 300 and 750 slot machines and up to 30 table games. In May Tony Ricci, Greenwood Gaming's CEO, told Carlisle officials a casino of that size could be expected to create about 250 jobs here, of which about two-thirds would be full-time, and one-third part-time. Full-time workers at Parx's existing casino in Bucks County, he said, make an average salary of about $42,000 per year. Aside from the new jobs, the other major community benefit is that the host municipality and county each receive 2 percent cuts of the gross slot machine revenue, and 1 percent cuts of table game winnings. Ricci had said early projections for a Carlisle-based casino are at roughly $1 million each for the borough and county annually, based on a projected gaming revenues of about $50 million. It is the real potential of that new revenue stream that casino executives hope will entice South Middleton's supervisors, and residents, to welcome them in. Stewart's letter does not identify any specific properties in the township as a target location.
UltraPlay to reveal exclusive eSports betting data at iGB Live 2018 Advanced betting solutions provider UltraPlay will attend iGB Live – the premium exhibition for the online gaming suppliers and operators as well as the affiliates and conference delegates from more than 100 different countries, from 17th to 20th of July in Amsterdam. UltraPlay’s presence at the show will be marked by the extensive expertise on eSports betting the company has expanded over the years. The growing number of eSports titles, events, and markets that UltraPlay is adding to their betting solutions portfolio will be shared with all of the delegates who are interested in stepping further on the iGaming market together with an exclusive data the team has prepared specifically for the show. How eSports betting can enlarge the revenues of iGaming operators and what are the specifics of the online gaming vertical that everyone is willing to understand and start offering on their brands will be among the highlights of UltraPlay’s performance at booth #L2 during the iGB Live show this year. Alongside the exclusive eSports betting data that the company will present, UltraPlay’s array of online betting solutions will be available for the delegates for a first-hand experience at booth #L2, from 18th and 19th during the exhibition’s days. From sports betting, white label and online casino solutions to blockchain technology and cryptocurrency that the company has been developing over the last year, iGB Live attendees will get an extra knowledge and demo of UltraPlay’s advanced betting solutions. Following its mission to share knowledge and experience with the global gaming industry, UltraPlay will contribute to one of the Elevator’s slots part of the iGB conference agenda dedicated to eSports betting. Mario Ovcharov, CEO of UltraPlay will talk about eSports and Betting: Moving away from a football audience marketing strategy, on Thursday, July 19th, 15:00 to 15:40. Everyone interested to learn more about what makes eSports completely different in terms of target audience, marketing strategy as well as technologies that appeal to players interested in eSports are welcome to join the slot. Mario Ovcharov, CEO of UltraPlay has commented: “We are excited to attend the first edition of iGB Live with its new concept combining three key industry’s events where we can meet in one place delegates from all over the world and present our top-notch products and advanced betting solutions including the exclusive eSports betting data we are going to share with all visiting our booth #L2 during the show.” UltraPlay’s team is looking forward at meeting you at booth #L2.
Internet service providers are already required to block problem gamblers from accessing gaming websites. The law, which is scheduled to take effect in 2019, was celebrated by the casino industry in Switzerland. There are currently 20 casinos operating countrywide. The casinos had experienced a decade-long slump in revenue, and are only now beginning to show some profit. In 2016, Swiss casinos reported revenue of $600 million, which is dwarfed by the revenue of Las Vegas but was seen as a positive in a country where the casino business has lagged. Swiss voters, fearing the encroachment of foreign casinos into their country and the movement of money out of their country rather than into it, voted in favor of the domestic online casinos only at 73 percent, which beat the expectations of the supporters. Critics have already come forward with a few issues with the vote. First, many citizens believe that in a free enterprise society, people should be able to choose for themselves how they spend their money. By limiting the number of casinos at which they can spend their money and who can spend it, the government is not allowing free enterprise.