Connect with us
European Gaming Congress 2024

Canada

Bad Weekend for Illegal Bookies as Legal Online Betting Reaches All-Time Highs in U.S.

Published

on

 

Record volumes were recorded this past weekend for legal U.S. online gaming and sports betting. This signals U.S. consumers favor the regulated U.S. industry and are turning away from the illegal, unprotected, offshore bookie businesses of the past. It also means revenues that were once channelled to the illegal market, are now staying in the communities where these bettors live.

According to data from GeoComply, this year’s NFL Conference Championship weekend saw more than 30 million geolocation transactions* recorded in 17 U.S. online betting states (including the District of Columbia), an increase of 260% over the same weekend in 2020. GeoComply is the leading provider of geolocation compliance technology used by the online gaming industry to verify the location of bettors.

Two new states, Michigan and Virginia, launched legal operations just in time for the weekend’s games and from those markets alone 7.5 million transactions came from over 400,000 accounts, making up 25% of overall volumes across the U.S. market. The addition of Michigan and Virginia helped drive all-time high transactions* in a weekend that featured a heavy sporting event schedule.

“Hundreds of thousands of people in Michigan and Virginia placed legal online bets for the first time this past weekend,” said Seth Palansky, Conscious Gaming’s vice president of corporate social responsibility. “This demonstrates that Americans will abandon illegal websites and the street corner bookie to place their trust in companies that are accountable, provide robust consumer protections and responsible gaming measures.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Moreover, the tax dollars that were previously siphoned off by illegal gambling operators, are now staying in the United States; benefiting state governments and taxpayers and creating economic growth. In 2020, legal online gaming in the U.S. generated hundreds of millions in tax dollars for cash strapped states.

As more and more states seek to legalize and regulate various forms of internet gambling and sports wagering, Conscious Gaming, an independent non-profit created by GeoComply, is committed to technological innovations that protect consumers, strengthen responsible gaming programs and make self exclusion programs effective and universal.

“As the industry grows, it is important for it to remain firmly committed to protecting problem bettors and putting additional processes in place to ensure the growth can be managed effectively and responsibly,” added Palansky.

Conscious Gaming has created PlayPause, an innovative multi-state repository enabling consumers to self-exclude from online betting. It also allows other prohibited individuals (athletes, coaches, employees, etc.) to be easily added to the database and excluded from betting. PlayPause works to better protect consumers, break down silos and encourage information-sharing among state regulators, operators and sports leagues. PlayPause prevents vulnerable players or prohibited individuals from betting, regardless of where they are, instead of just inside their current state borders, as it is now.

*data includes GeoComply geolocation transactions from regulated U.S. online gaming and online sports wagering in CO, D.C., DE, IA, IL, IN, MI, MT, NV, NH, NJ, OR, PA, RI, TN, VA and WV.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Powered by WPeMatico

Continue Reading
Advertisement

Canada

ComeOn Group adds sportsbook to its offering in Ontario

Published

on

comeon-group-adds-sportsbook-to-its-offering-in-ontario

 

ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.

ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.

ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)

Continue Reading

BCLC

INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform

Published

on

intralot-announces-new-project-with-the-british-columbia-lottery-corporation-for-online-lottery-platform

 

INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.

The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.

INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.

Continue Reading

Canada

IAGR announces Toronto as host city for 2025 conference

Published

on

iagr-announces-toronto-as-host-city-for-2025-conference

Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.

The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.

‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.

‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’

AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Stay tuned for registration details early next year.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania