Gambling Industry News

If you are looking for the latest gambling industry news and information then you are in the right page. We provide everything you need to know about the gaming industry that includes sportsbook pay per head industry headlines, casino news, and other aspects of the gambling industry.

In addition, we also publish casino and sportsbook reviews, tutorials, and more. Our mission is to provide relevant information that can help our visitors with their gambling goals. It doesn't matter whether they are players or bookies. We strive to be the top source of online gambling industry news.

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.

Online Gambling Industry News You can Trust

Detroit Casino Council Reached a Compromise with Penn and MGM

Details: Category: Gambling Industry; Created: Saturday, 18 November 2023 15:51

The Detroit Casino Council reached a compromise for a new deal with MGM Resorts and Penn Entertainment. However, the unions will continue their strikes that have been ongoing for over a month. They will stop the strikes after the ratification of the proposed contract.

According to casino software experts, the DCC, a negotiating group for five labor unions, has never been on strike.

DCC's new agreement offers the highest-ever pay rise to casino workers, including an 18% salary increase, no rise in healthcare expenses, workload reduction, employment safeguards, technological contract language, and better retirement benefits.

Unions such as the United Auto Workers (UAW), Unite Here Local 24, and Teamsters Local 1038 negotiated contracts for their members with these businesses. After agreeing to a three-year contract renewal in 2020, the negotiating committee pushed for and received yearly rises of 3 percent to keep pay up with inflation. According to sportsbook software reports, a DCC announcement claims that inflation in Detroit has increased by 20% since then.

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Fremont Hotel and Casino Completed its Renovation Worth $50 Million

Details: Category: Gambling Industry; Created: Saturday, 28 October 2023 19:57

Boyd Gaming announced that the Fremont Hotel and Casino completed its renovation worth $50 million. The company operates various properties in Las Vegas. After the refurbishment, visitors can now enjoy a bigger gaming space. Also, the company said that it added 10,000 square feet to the gaming area. Thus, it now has 120 more games in the overhauled gaming area.

The facility has a "more open floor plan" today, according to the best pay per head bookie. Also, it features taller ceilings to give the impression of a larger room. There have also been renovations to the hotel lobby and a casino bar in Fremont. The downtown casino also features a brand-new food court and sportsbook.

Boyd stated that other facilities have been installed in stages beginning in 2022, despite the recent completion of the $50 million renovation. The facility renovated its carpeting and made other cosmetic changes in addition to adding an extra gaming area, higher ceilings, and a sports bar. Even though it still has that familiar vibe, Fremont now has even more room for fun things to do.

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Enjoy Group Considers Selling LATAM Assets after Failed Merger

Details: Category: Gambling Industry; Created: Sunday, 06 August 2023 00:08

South African casino firm, Enjoy Group, contacted the Commission of Financial Markets of Chile to discuss the potential sale of its casinos in Uruguay and Chile. Also, the decision came after Enjoy failed to merge with DREAMS SA.

According to bookie pay per head experts, the April deadline for the merger between Enjoy and the firm came and went without action. Enjoy Group has been looking for alternative long-term strategic initiatives to increase profits ever since.

The news comes after a report by Diario Financiero on July 30 that Enjoy was selling its assets in Chile and Uruguay.

Enjoy Group to Sell LATAM Assets

According to sportsbook PPH reports, the corporation may gain from a deal if it sells its operations in Chile and Uruguay. Enjoy Group has been working with their financial advisor, ASSET Chile, to plan this transition. ASSET Chile aims to attract investors and strike a contract to help the firm thrive.

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Tabcorp Receives a New Fine in New South Wales

Details: Category: Gambling Industry; Created: Saturday, 30 September 2023 20:44

tabcorp new fine Tabcorp is Australia's most prominent gambling firm. However, it received a new fine of around $10,000. According to bookie pay per head reports, it was for violating New South Wales' ad regulations. The gambling operator persuaded visitors of its site to gamble.

Whether or not they signed up for an account, the ad was seen by everybody who visited Tabcorp's website. Later, Tabcorp explained the promotion away by saying it was due to an error within the company.

According to bookie pay per head experts, promotions that target New South Wales residents and urge them to bet are illegal. In general, businesses cannot incentivize New South Wales residents to play, establish an account, maintain an account, or agree to receive promotional materials. Therefore, the Australian gaming giant must pay the fine.

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NY Sports Betting Revenue Increases 42% Year-Over-Year

Details: Category: Gambling Industry; Created: Saturday, 08 July 2023 07:06

June is a crazy month for sportsbooks in New York. Although NY sports betting revenue dropped during the month, it is still higher than the same month last year.

According to gambling software solutions sources, New York online sportsbooks earned a gross gaming revenue of $103.8 million. It was lower by 31.7 percent compared to May. However, it is an increase of 42 percent year-over-year.

The New York Gaming Commission released a recent revenue report that showed a handle of $1.17 billion. According to bookie tutorials and news sites, the state had a sports betting handle of over one billion dollars in the tenth straight month. Although bets were down 14 percent from May, it is higher by 11.3 percent compared to June last year.

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King Media to Benefit from SOFTSWISS Jackpot Aggregator

Details: Category: Gambling Industry; Created: Friday, 01 September 2023 03:46

King Media signed a deal with SOFTSWISS. As a result, it has access to the SOFTSWISS Jackpot Aggregator, which will power the jackpot campaigns for King Media's MGA and Curacao online casinos.

King Billy Casino's parent business, Kings Media LTD, and SOFTSWISS, the industry standard in cutting-edge iGaming technology, have announced a new deal. According to sportsbook pay per head providers, the companies announced their new partnership on Thursday. Also, the latter agreed to use the former's Jackpot Aggregator to launch three exclusive jackpot campaigns for King Media.

King Billy's MGA and Curacao casinos are the focus of the latest advertising pushes. The partnership aims to increase the excitement and thrill for casino patrons. Sportsbook pay per head reviews and news sites anticipated that Jackpot Aggregator would favor Kings' income and retention rates.

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Chile Increases Online Gaming Tax Revenue with New Law

Details: Category: Gambling Industry; Created: Sunday, 18 June 2023 12:12

Online gambling is about to be launched in Chile. The Ministry of Finance released new measures that operators must comply with regarding tax payments and licensing. Thus, the online gaming tax revenue will be more significant than the previous estimate.

According to bookie pay per head sources, the new guidelines would allow the government to increase tax revenue from the gambling industry. Also, the measures follow what policy stakeholders agreed on when the legislation was still being discussed.

The SCJ will supervise the online gambling market. Also, it will oversee the licensing process and activities of the operators. In addition, operators need to use the .cl domain. The SCJ will ensure operators comply with international transparency and security standards. That's how to be a bookie in Chile.

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