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New Jersey Division of Gaming Enforcement Announces April 2023 Total Gaming Revenue Results

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The New Jersey Division of Gaming Enforcement announced the April 2023 total gaming revenue results.

Casino Win

Based upon filings with the Division of Gaming Enforcement, Casino Win for the nine casino hotel properties was $231.5 million for April 2023, reflecting a decrease of 1.6% when compared to $235.3 million for April 2022. Year-to-date Casino Win for the nine casino hotel properties was $886.8 million, reflecting growth of 4.6% compared to $848.0 million for the prior year-to-date period.

Internet Gaming Win

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For the month of April 2023, Internet Gaming Win reported by casinos and their partners was $158.9 million, reflecting growth of 16.1% compared to $136.9 million for the prior period. For the year-to-date period, Internet Gaming Win reported by casinos and their partners was $620.1 million, reflecting growth of 13.7% compared to $545.4 million for the prior year-to-date period.

Sports Wagering Gross Revenue

Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $72.3 million for April 2023, reflecting a 43.6% increase when compared to $50.3 million in the prior period. Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $292.3 million for the year-to-date, reflecting a 40.6% increase when compared to $207.8 million for the prior year-to-date period.

Total Gaming Revenue

Total Gaming Revenue reported by casinos, racetracks, and their partners was $462.7 million for April 2023, reflecting a 9.5% increase from $422.5 million reported in April 2022. For year-to-date, Total Gaming Revenue reported by casinos, racetracks, and their partners was $1.80 billion reflecting a 12.4% increase from $1.60 billion reported in the prior period.

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Canada

Rivalry to Report First Quarter 2024 Results on May 30

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Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Gen Z, today announced details of its planned release of first quarter 2024 financial results.

The Company expects to file its Q1 2024 results the morning of Thursday, May 30, 2024 prior to the commencement of TSXV trading. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results.

Conference Call Details
Timing: Thursday, May 30, 2024 at 10:00 am EDT
Dial-in: 1-800-717-1738 (toll free) or (+1) 289-514-5100 (local or international calls)
Webcast: A live webcast can be accessed from the Events section of the Company’s website at rivalrycorp.com
A replay of the webcast will be archived on the Company’s website for one year.

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Canada

Play’n GO announces partnership with Canadian operator Loto-Québec

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Play’n GO, the world’s leading casino entertainment provider, has today announced a partnership with Canadian operator Loto-Québec, launching the Swedish gaming giant’s games into another Canadian province.

Already active in another Canadian province , this partnership sees Play’n GO’s content available in the province of Québec exclusively with Loto-Québec, a state-owned corporation, where online players now have access to titles such as Tome of Madness. 

Magnus Olsson, Chief Commercial Officer, Play’n GO said: “At Play’n GO, we have always been clear in our vision to be active in every regulated market in the world, and this partnership with Loto-Québec is the next step on that journey.

“Our past success in Canada gives us confidence that players in Québec will enjoy the best Play’n GO content, and we look forward to many years of success with Loto-Québec in the province.”

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Stéphane Martel, Head of Product and Innovation at Loto-Québec added: “As the sole iGaming operator in Québec, we pride ourselves on offering titles that truly add value to our platform, lotoquebec.com. We are happy to bring Play’n GO games to our players.”

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Canada

Court Decision Upholds iGaming Ontario’s Model

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iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.

“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.

“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.

In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.

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iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.

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