Gambling Industry News

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The next time you need to know anything about the gambling industry, visit SportsbookSOS.com. Our articles can help you understand what's going on in the world of gambling worldwide.

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The Most Valuable City in Sports Gambling

Details: Category: Gambling Industry; Created: Thursday, 18 May 2023 19:49

It’s the most valuable city in sports gambling. There are so few people outside on a spring afternoon in this little Colorado town that you can hear the North Clear Creek, which runs through it, flowing with water. And yet, this community of just 100 people, who reside in 61 homes, is the most expensive in all of America's regulated sports betting regions.

Key Points

– Sports gambling thrives in a small Colorado town.

– Black Hawk has a rich, interesting history that has led to its link to sports betting.

Sports Gambling, Meet Black Hawk, Colorado

Black Hawk, Colorado stands alone as the sports gambling center of this new world as we mark the fifth anniversary of a Supreme Court ruling that permitted states to determine their own sports gambling fate.

There are more valuable states than Colorado in the era following the repeal of the Professional and Amateur Sports Protection Act of 1992. Over the past five years, wagers totaling more than $20 billion have been placed in five different states: Illinois, New Jersey, Nevada, New York, and New Jersey.

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Lawmakers Pass Bills to Amend Illinois Sports Betting Law

Details: Category: Gambling Industry; Created: Sunday, 28 May 2023 01:45

Lawmakers will likely pass two bills to amend the Illinois sports betting law. They focus on in-state college betting and problem gambling. Also, SB 89 and SB 1508 would end up on the desk of Governor JB Pritzker.

According to gambling software reviews and news sites, the two bills focus on preventing problem gambling. Also, it would end the debate on what to do with in-state college wagering. As more gambling products launch in the state, lawmakers try to address the need for a more comprehensive response to problem gambling.

SB 1508 will ensure that underage people caught at gambling venues will not be punished. Instead, sportsbook watchdog in the state will refer them to a treatment facility. The measure gained momentum in the Senate and the House. Thus, it will be apt for Governor Pritzker to decide the bill's fate.

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Impact of the Online Gambling Industry on the Canadian Economy

Details: Category: Gambling Industry; Created: Sunday, 19 March 2023 15:43

The online gambling industry has had a significant impact on the Canadian economy. The sector’s growth created new jobs and opportunities. Also, it provided an additional source of income for provincial governments.

According to 9DollarPerHead.com sources, the gambling industry employed 14,000 people in 2018. The number of employees went up by 11,000 compared to 2013. Also, the jobs range from developers to customer service representatives.

Developers create cost-efficient sportsbook pay per head apps and other software. As a result, the industry offers competitive salaries that can improve local economies. Mobile gambling brings more players. As a result, the industry is growing at a fast rate.

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Evolution Starts Year with a Bang with Outstanding Q1 Revenue Increase

Details: Category: Gambling Industry; Created: Sunday, 30 April 2023 15:00

Evolution released its financial report that showed a significant Q1 revenue increase. Also, it complemented the company's strong performance in various global markets. The B2B solutions provider reported a 31.5 percent increase year over year.

According to sportsbook reviews and news sites, Evolution reported operating revenue of $474 million in the first quarter. In 2022, its operating income in the first quarter was $360 million. Also, the firm's EBITDA in the first quarter was $331 million. It was up 30.7 percent from last year's $253 million.

In addition, the EBITDA margin for the quarter was 69.9 percent. On the other hand, the EBITDA margin from the first quarter of 2022 was 70.3 percent.

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Former Employees Suffer as Macau VIP Industry Collapses

Details: Category: Gambling Industry; Created: Sunday, 26 February 2023 12:52

macau vip indsutry The Macau VIP industry is adjusting to a new reality. As a result, over 90 percent of former employees haven't found new jobs yet. According to a sportsbook watchdog, less than ten percent of junket employees returned to work. Also, there are a few junket operators that resumed their operations.

Although thousands of tourists returned to Macau, the junket industry failed to recover to its pre-pandemic numbers. Also, the sector suffered due to the new policies of the local authorities. According to sportsbook pay per head sources, they want Macau to shift away from VIP gambling and turn into a mass-market model. Thus, they want to rebrand the gambling capital into a tourist destination.

Industry insiders noted that most former VIP industry employees want to return to work. They don't have the same financial security as local food delivery personnel or taxi drivers in their new jobs. However, their former jobs wouldn't pay the same at present.

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IGT Expands Betting Platform Reach with Deal with Santa Ana Star Casino Hotel

Details: Category: Gambling Industry; Created: Sunday, 09 April 2023 13:53

International Game Technology, or IGT, is one of the top gaming suppliers. It recently expanded its betting platform reach with a partnership deal with the Santa Ana Starr Casino Hotel. Also, IGT will power the casino owned by the Pueblo of Santa Ana tribe.

According to bookie pay per head sources, IGT will incorporate its PlaySports platform in the casino. Aside from self-service wagering kiosks, the platform will provide trading advisory services. Also, it will create strategic advantages for the casino.

The new partnership deal will improve the sports wagering operations at the Santa Ana Star Casino. On the other hand, IGT expands the reach of its products and services. It currently serves more than 80 gambling facilities in the US and Canada. They use the PlaySports platform for their sports betting operations.

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PlayAGS Signs Deal with DraftKings Casino

Details: Category: Gambling Industry; Created: Tuesday, 07 February 2023 10:17

PlayAGS is an online casino content supplier. It announced its partnership with DraftKings Casino. Also, it is part of PlayAGS's plan to increase its presence in the North American online gaming market.

To help DraftKings accelerate its online casino operations in the US, PlayAGS has signed a new content deal with the Boston-based company. Under the terms of the agreement, PlayAGS will deliver a portfolio of over 20 proprietary slot titles, expanding on the parties' existing casino content partnership.

Gary Hardy, senior vice president and general manager of Interactive at PlayAGS, described the launch of PlayAGS' real-money gaming content at DraftKings Casino as "a tremendous milestone for the company."

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