Arizona
Wamba Technologies Announces Gamers Oasis: A Patented eSports Platform with In-Game Wagering
This patented technology eliminates the need for gamers to travel for competitions, allowing them to play tournaments from anywhere on their mobile devices and win real money
Wamba Technologies today announces plans to develop a proprietary eSports wagering platform, Gamers Oasis, which allows video gamers to enter a tournament on their mobile devices for a fee and compete against other players in real-time to win real money.
The acceptance and settlement of wagers on mobile video games is at the heart of Wamba Technologies’ product and its exclusively holds the patent. In the United States, Wamba Technologies owns the technology for any wagering system that is connected to a skill-based and physics-based game where the wagering system and game are communicating with each other in real-time. Applying to ‘physics-based and skill-based games’, this includes sports games, racing games, first-person shooters, fighting games and more, just to name a few. The key feature of these games is that there is no chance involved. Therefore, in the absence of chance, these are not classified as gambling games but, rather, skill-based sporting events.
“If a video game player wants to compete against other players to win money, whether it be heads-up one-on-one or in a multi-person tournament, they usually have to travel to an arena or a venue to compete,” the founder and Chief Executive Officer for Wamba Technologies, Gary Denham (pictured), said. “This means that many people can’t participate due to travel costs or lack of accessibility. Gamers Oasis will allow everyone to compete for real money directly from their phones without needing to travel. We proudly own the patent on the only technology that can make that happen. Summed up, with our patent, we own online eSports.”
Online real-money competition (online eSports) is still in its infancy but Wamba Technologies is currently engaging with gamers, game designers, coders, programmers, eSports influencers and financial consultants to aid in the development of Gamers Oasis.
In the United States alone, 215 million people play mobile video games and globally over 500 million people compete in video games for real money. Of these 500 million people worldwide, only a very small percentage are competing online for money while the rest of the players are competing in person at physical locations. Wamba Technologies anticipates that when offered and monetized properly, a mere 10% of the global market share could generate $13 billion to $15 billion in annual revenues from tournament buy-ins and ad revenues.
Internet Vikings, a licensed in-state hosting provider for iGaming and online sports betting, has received official approval from the Arizona Department of Gaming to launch its VMware-based private cloud hosting solutions. This achievement allows the company to provide secure and scalable hosting for licensed operators taking sports betting wagers across Arizona, fully complying with the Arizona Administrative Code (A.A.C).
This builds on Internet Vikings’ success in May 2023, when the company became the first online sports betting hosting provider fully licensed in Arizona. The VMware cloud solutions provided by Internet Vikings meet the regulatory and operational demands of the market, ensuring operators in the state can count on compliant infrastructure.
“Our VMware cloud hosting solutions are designed to support the iGaming and online sports betting markets with the highest levels of performance, security, and compliance. The team is pleased to continuously meet the requirements set forth by the states, and this most recent authorization in Arizona is a great step forward for us,” said Rickard Vikström, CEO and Founder of Internet Vikings.
“By offering private cloud hosting on VMware, Internet Vikings ensures clients have access to assured redundancy, disaster recovery, and on-demand scaling. This technology provides exceptional resource optimization and our team is ready to support businesses in taking full advantage of its features,” said Kristoffer Ottosson, COO at Internet Vikings.
With a presence now firmly established in Arizona, Internet Vikings continues supporting online sports betting operators in complying with state regulations while delivering the infrastructure best suited to the customers needs.
The Arizona Department of Gaming (ADG) announced that it has allocated an event wagering operator license to Plannatech as the designee for the San Carlos Apache Tribal Gaming Enterprise, as well as allocated an event wagering operator license to Sporttrade as the designee for the Quechan Indian Tribe of the Fort Yuma Indian Reservation, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.
On June 7, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included no less than one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).
The application window for event wagering licenses opened on July 8, 2024, and closed on July 19, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.
ADG
Arizona Department of Gaming Reports $43.6 Million in Tribal Gaming Contributions for the Fourth Quarter of Fiscal Year 2024
The Arizona Department of Gaming (ADG) announced today $43,586,004 in tribal gaming contributions to the Arizona Benefits Fund for the fourth quarter of Fiscal Year (FY) 2024. This amount represents an approximate 3.3 percent increase when compared to the same quarter of FY 2023.
“Celebrating yet another remarkable milestone in tribal gaming, we are thrilled to announce that Arizona has witnessed yet another record-breaking year,” said Jackie Johnson, Cabinet Executive Officer, ADG. “With a record contribution of $157.2 million to the Arizona Benefits Fund, our tribal partners have once again demonstrated their unwavering commitment to the prosperity of our state and local communities. We extend our heartfelt gratitude to our tribal partners for their continued dedication and collaboration.”
The Arizona Benefits Fund receives 88 percent of tribal gaming contributions, providing significant dollars to support instructional improvement in schools, trauma and emergency care, tourism, and wildlife conservation throughout the state.
Tribal gaming contributions to the Arizona Benefits Fund for the 4th quarter of the State’s FY 2024 are as follows:
| Instructional Improvement Fund/Education ………………………………………………….. | $22,474,451 |
| Trauma and Emergency Services Fund ………………………………………………………….. | $10,861,632 |
| Arizona Department of Gaming operating costs ………………………………………………. | $3,308,133 |
| Arizona Wildlife Conservation Fund ……………………………………………………………….. | $3,103,324 |
| Tourism Fund ………………………………………………………………………………………………. | $3,103,324 |
| Problem Gambling Education, Treatment and Prevention …………………………………… | $735,140 |
FY 2024 Qtr 4 Total: Tribal Gaming Contributions to the Arizona Benefits Fund….. $43,586,004
Per the Arizona Tribal-State Gaming Compacts, tribes with casinos also contribute a percentage of their Class III gross gaming revenue to cities, towns, and counties. Total tribal contributions to the Arizona Benefits Fund in addition to cities, towns, and counties in the state has amounted to over $2.2 billion since FY 2004. Currently, there are 25 Class III casinos in Arizona, which ADG regulates in partnership with Arizona tribes.
-
Balkans7 days agoCT Gaming Announces its Participation at BEGE 2024
-
Latest News7 days ago
Week 43/2024 slot games releases
-
Eastern Europe7 days ago
Stakelogic Slots Now Live with Stanleybet Romania
-
Compliance Updates7 days ago
MGA and UKGC strengthen regulatory ties through MoU
-
Latest News7 days ago
Beat scammers with Slotegrator’s Anti-fraud module
-
Conferences7 days ago
WA.Technology ready to unveil Pick‘Em Player Props Fantasy Sports at SBC Summit Latinoamérica
-
Latest News7 days ago
Atlaslive Set to Showcase Its Fully Customizable iGaming Platform at SiGMA Europe in Malta
-
Latest News7 days ago
Desktop vs Mobile: Which online casinos to choose?
