New Jersey iGaming Dashboard – May 2018

first_img iGaming Business and Ficom Leisure are pleased to present the New Jersey iGaming Dashboard, providing revenue and product metrics on the state’s regulated market.The data is updated monthly following the official release of figures from New Jersey’s Division of Gaming Enforcement.After a record month in March, online gaming revenue dropped back in April, although the $23m (£17m) for the month was still the second highest monthly total of the past year.April’s total also represented a 10.6% increase on the same month last year and on a year-to-date basis, online gaming revenue is up 15.5% on last year at $92.6m. Market leader Golden Nugget regained some of its market share after falling more than two percentage points last month. Tropicana, Resorts Digital and Caesars Interactive all lost market share during the month, while Borgata was the star performer, rising two percentage points to take an almost 20% share of the market. It’s worth noting that within the five top operators by market share, there are a number of brands that sit under each licence.For Borgata these include its own brands — Borgatacasino.com and Borgatapoker.com — as well as NJ.Partypoker.com, palacasino.com, palabingousa.com, playmgmcasino.com, playmgmpoker.com and scorescasino.com. Caesars’ licence extends to CaesarsCasino.com, HarrahsCasino.com, WSOP.com and the 888 US brands: us.888.com, us.888poker.com and us.888casino.com.Golden Nugget’s includes GoldenNuggetCasino.com, nj-casino.goldennuggetcasino.com, betfaircasino.com and playsugarhouse.com, while Resorts Digital’s covers its own brand — resortscasino.com — as well as those of PokerStars (pokerstarsnj.com) and Mohegan Sun (mohegansuncasino.com). Finally, as well as tropicanacasino.com, Tropicana’s licence also includes virgincasino.com.Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard and on the Danish online market in the Denmark iGaming Dashboard.A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector. Regions: US Subscribe to the iGaming newsletter Golden Nugget regained some of its market share in April as operators returned the second highest monthly total of the past year Tags: Card Rooms and Poker Online Gambling 16th May 2018 | By Joanne Christie AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Poker New Jersey iGaming Dashboard – May 2018 Email Address Casino & gameslast_img read more

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Swedish regulator issues licence warning

first_img Subscribe to the iGaming newsletter Regions: Europe Nordics Sweden Sweden’s regulator has again warned prospective licensees that they risk missing out on the launch of the new market in January due to errors in their applications.60 licence applications have been submitted since Lotteriinspektionen began the process on August 1, with 55 for online gaming.iGamingBusiness.com understands the first licences could be issued in mid-November – six weeks before the January launch. The regulator urged applicants to submit their documents as early as possible after the August 1 opening – and 22 were received on day one. However, director general Camilla Rosenberg (pictured) has now told operators that their Swedish launch might be delayed if their applications are not fully completed.“A review of all applications shows that many gaming companies need to come up with comprehensive additions,” Rosenberg said in a statement. “We have begun to send out the request for completions and the gaming companies who do not submit completions within the specified time may not be licensed until January 1, 2019.”Lotteriinspektionen added that its priority is processing applications rather than asking wider questions about the new reregulated market. Rosenberg said that while the body would answer individual companies’ questions, it would primarily liaise with trade associations SPER and BOS.Rosenberg also told operators that Lotteriinspektionen is not able to define some terms of the Gambling Act and application process, such as advertising, which it regulates along with the Comsumer Agency.“Definitions and concepts like ‘moderate marketing’ will be clarified through jurisprudence, as in all legislative areas. We cannot provide advance notice of how the legislation should be interpreted in individual cases,” Rosenberg said.“The starting point for the interpretation of different provisions of the new spell legislation is the intentions of the whole reform; namely a safe and secure gaming market where we jointly help to reduce the harmful effects of gaming and create a positive gaming experience.”Kindred Group, Betsson and Cherry, as well as Svenska Spel and ATG, are among the big names to have applied for licences in Sweden over the last two months.Prior to August, a Lotteriinspektionen source told iGamingBusiness.com that around 70 applications were expected. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance Legal & compliance Swedish regulator issues licence warning Tags: Online Gambling 8th October 2018 | By contenteditor Operators told that incomplete applications could lead to market entry delays Email Addresslast_img read more

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Nuvei’s SafeCharge deal: a hint of what’s to come

first_img24th May 2019 | By Joanne Christie This week’s acquisition is likely to kick off a wave of consolidation among payment service providers in the US and northern Europe, says Julian Buhagiar, co-founder of RB Capital.News of Nuvei’s SafeCharge acquisition must have lifted the spirits (not to mention aspirations) of quite a few PSP players in the market.A full cash transaction, backed by a leading Canadian payments firm with plans to enter the US market, signals a possible emerging trend to solidify payment-based positions in the North American markets at a time when the medium-term interstate gambling payment prospects are yet to settle. To be clear, this is not a gambling-specific acquisition. With customers such as McDonald’s, Domino’s, El Al and Nespresso, SafeCharge has a significantly diversified customer base, particularly as an alternative payment processor.Nonetheless, with clients such as GVC/Ladbrokes already on board, this acquisition is expected to kickstart a drive to consolidate PSPs in the US and northern Europe. The longer-term play here is clear; the payments market is heavily saturated, and increasing regulation will squeeze out the smaller players sooner rather than later. Thus there will be a short-term land grab to acquire the larger cash-generating businesses. And this is a good time to buy, if larger players are willing to hedge their bets as to where the US (and EU) PSP markets will be heading. One immediate question to ask is what role Nuvei will now play in its new European deal flow? It would be a quick win to tap into the northern markets with a view to upselling. The opportunity here is significant, not least in the alternative payments sector, but also in ensuring newly acquired clients can benefit from the plethora of services on offer.More pertinently though, what does this mean for other payment providers in these territories? Will this incentivise the likes of Trustly and Skrill to make a move, or will they wait and see how the first movers consolidate their acquisitions?The money seems to be on the former; there are already rumours of other (larger) sale discussions being had, and another significant acquisition will likely happen in the coming months, if not weeks. A rapid set of acquisitions will quickly increase the value of these players, so we will likely see a significant amount of first-movers this year. Perhaps though, the question on most gaming investors’ minds is, with SafeCharge sold, is this truly the end of Teddy Sagi’s involvement in gaming? Probably not. While the move into other markets has been a key strategy of Sagi’s, his increase in wealth (as can be evidenced from the recent Sunday Times Rich List 2019) has been mostly through gaming-related asset ventures.It is thus not unreasonable to expect more gaming-based enterprises in the medium term to have some form of his involvement, at least at arm’s length. Julian Buhagiar is an investor, CEO & board director to multiple ventures in gaming, fintech & media markets. He has lead investments, M&As and exits to date in excess of $370m. Nuvei’s SafeCharge deal: a hint of what’s to come AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter This week’s acquisition is likely to kick off a wave of consolidation among payment service providers in the US and northern Europe, says Julian Buhagiar, co-founder of RB Capital Subscribe to the iGaming newsletter Topics: Finance Finance Tags: Online Gambling Payments Regions: Canada Europe US Email Addresslast_img read more

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New UK money laundering rules to come into effect on 10 January

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 20th December 2019 | By contenteditor Tags: Online Gambling New UK money laundering rules to come into effect on 10 January The GB Gambling Commission has confirmed that new rules and regulations for money laundering measures will come into effect on 10 January 2020. Subscribe to the iGaming newsletter Casino & games Topics: Casino & games Legal & compliance Regions: UK & Ireland The GB Gambling Commission has confirmed that new rules and regulations for money laundering measures will come into effect on 10 January 2020.The updated Money Laundering Regulations will implement the European Union’s 5th Money Laundering Directive. To coincide with this, the Commission will publish the fifth edition of its guidance for remote and non-remote casinos on combatting money laundering and the financing of terrorism.The major changes to the Money Laundering Regulations applicable to casinos, according to the Commission, include regulation 19, whereby all operators must make sure appropriate measures are in place to prevent money laundering when launching new products or business practices.Regulation 19 also states remote and non-remote casinos should ensure they have specific policies, procedures and controls for both money laundering and terrorist financing, while regulation 24 sets out how agents working with casinos must be given appropriate training on such issues.Elsewhere, regulation 28 includes measure for further direction in relation to what information may be regarded as ‘obtained from a reliable source which is independent of the person whose identity is being verified’.The Commission also said operators should be aware of regulation 33, which sets outs a further requirements for enhanced customer due diligence measures. This relates to high-risk third countries, complex or unusually large transactions, and where there are unusual patterns of transactions, or transactions have no apparent economic or legal purpose.Regulation 33 also includes directions on due diligence for customers who are beneficiaries of life insurance policies, as well as where the customer is a third country national and received citizenship in an EEA state in exchange for the transfer of capital, purchase of property, government bonds or investment in corporate entities in the EEA state.“The Commission recognises that it takes time to implement changes and we will take that into account, but we expect to see that operators have acted promptly, invested appropriately –if technology is required to accommodate the changes – and implemented changes with the requisite urgency,” the regulator said.“Additionally, publication of the updated guidance on 10 January must result in casino businesses reviewing, and accordingly amending, their money laundering and terrorist financing risk assessments, as well as the associated policies, procedures and controls.” Email Addresslast_img read more

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Detroit commercial casinos post record $1.45bn in annual revenue

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 22nd January 2020 | By contenteditor Detroit commercial casinos post record $1.45bn in annual revenue Subscribe to the iGaming newsletter Email Address Regions: US Michigancenter_img The three commercial casinos in Detroit, Michigan, posted a record $1.45bn (£1.11bn/€1.31bn) in adjusted gross revenue for the 12 months to 31 December 2019.Combined adjusted gross revenue for the MGM Grand Detroit, MotorCity Casino and Greektown Casino was up 0.7% year-on-year, or a $10m improvement on 2018.Detroit was boosted by record performances by the MGM Grand Detroit and MotorCity Casino, which both reported their highest annual adjusted gross revenue totals since opening in 1999.MGM Grand Detroit posted $623.5m in revenue, up by 0.7% on $619.2m in the previous year, making it the leading venue in Detroit with a market share of 43%.Read the full story on iGB North America. Casino & games Topics: Casino & games Finance The three commercial casinos in Detroit, Michigan, posted a record $1.45bn in adjusted gross revenue for the 12 months to 31 December 2019.last_img read more

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Festival of Fortune by NetGaming

first_img Topics: Casino & games Slots Subscribe to the iGaming newsletter Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gong Hei Fat Choy or Happy New Year! Celebrate the colourful Chinese new year throughout 2020 with the visually spectacular “Festival of Fortune” by NetGaming. Gong Hei Fat Choy or Happy New Year! Celebrate the colourful Chinese new year throughout 2020 with the visually spectacular “Festival of Fortune” by NetGaming. This 5×3 slot offers a Lucky Lion Bonus where free spins can be triggered. Those with good fortune can even trigger the Mystery Replace feature which allows up to 27 additional free spins! 28th January 2020 | By Aaron Noy Casino & games Festival of Fortune by NetGaminglast_img read more

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Detroit casinos given green light for first legal MI bets

first_img Subscribe to the iGaming newsletter Regions: US Michigan 11th March 2020 | By Daniel O’Boyle Detroit casinos given green light for first legal MI bets The Michigan Gaming Control Board (MCGB) have granted approval to Detroit’s three commercial casinos to accept Michigan’s first sports bets from 1PM Eastern Daylight Time today (11 March).The board said that all three casinos – MGM Grand Detroit, MotorCity Casino and Penn National’s GreekTown Casino – have met “all preliminary requirements to go live” with retail sports wagering.MotorCity’s sportsbook is set to be operated by FanDuel, while MGM’s Roar Digital joint venture with GVC will run the sportsbook at the MGM Grand. Penn National gaming’s own Kambi-powered sportsbook will be launched at Greektown.Read more on iGB North America. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img The Michigan Gaming Control Board (MCGB) have granted approval to Detroit’s three commercial casinos to accept Michigan’s first sports bets from 1PM Eastern Daylight Time today (11 March). Topics: Legal & compliance Sports betting Legal & compliance Email Addresslast_img read more

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Green shoots?

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling 23rd March 2020 | By Stephen Carter Legal & compliance Regions: UK & Ireland The Betting and Gaming Council has faced a baptism of fire, having to contend with a number of negative headlines even before permanent chief executive Michael Dugher started his role. Jake Pollard reports on the trade body’s turbulent first few monthsThe Betting and Gaming Council (BGC) has had a busy start to life as the new trade body for the online gambling industry.Formed through the merger of the Association of British Bookmakers and the Remote Gambling Association, its chair Brigid Simmonds – chief executive Michael Dugher started on 3 February – had barely moved into her new office before she was having to respond urgently to criticism of the industry’s practices in articles published by the Guardian, Daily Mail and other major press outlets.If critical articles aimed at the industry were nothing new, the BGC’s response, as the new public face of the UK gambling sector, would be watched closely.At this point in time it is too early to opine on whether the BGC has or hasn’t got the tone right, and it isn’t the point of this article.Having said that, there is no denying that the tenor of its responses to those stories has been much more conciliatory than anything that might have been put out by its predecessors the ABB and RGA – even if the latter always operated differently to the former.The opportunities for BGC statements have been numerous in recent weeks. The contributions from chair Simmonds or CEO Dugher at forthcoming hearings, press conferences, events and in further press articles will be heavily scrutinised.Simmonds (left) tells iGB that she has always been “a great believer in working with government, [but] there is no point making demands or saying ‘we want this’ or ‘we want that’.“We know we have to be best in class and that we haven’t behaved as well as we might have done,” she explains. “The whole tenure of the BGC is about raising standards and acknowledging that we need to do more and do it better.”Such comments are in stark contrast to the way the ABB responded to negative coverage in the past or, of course, to any FOBT-related issues.Let’s work together “Yes, it is different but there is no point going back over it,” says Simmonds.“My way of working has always been to work with politicians and ensure they understand what the issues are, how the industry contributes in addressing social responsibility, and how we are determined to do even more to protect customers.”Simmonds does not dwell on the past and is not interested in speculating why the old attitudes were so prevalent for so long.She points out that the BGC now “brings together 90% of the industry and [represents] online casinos, licensed betting outlets and many different verticals all under one umbrella organisation”.The insinuation, of course, is that it is now the voice of the industry.In a sideways reference at the infighting that hobbled the sector so badly during the FOBT debacle, Simmonds adds: “The gambling sector will never achieve anything if we don’t work together and continue standing back and fighting among ourselves.“I learnt that following my experience in the alcohol industry (as chief executive of the British Beer and Pub Association),” she explains.“Beer, wine and cider are all different products with vastly different client demographics, but we had an absolute objective in terms of corporate and social responsibility and consumption levels, and we worked very closely to achieve that.”Simmonds cites beer duty as one of the key examples of the BBPA’s work.“When I joined (in 2009) there had been a 42% rise in beer duty in four years. We managed to persuade the chancellor at the time that there should a first cut in beer duty in 50 years.“We then had one rise in beer duty in seven years and 250,000 people had signed to our campaign against a rise in beer duty,” she continues.“We did this by showing strong CSR credentials, reducing the amount of alcohol available and launching public information campaigns on how many units are contained in drinks.”Simmonds also points out that 82% of the beer drunk in the UK is produced and manufactured in the country, which helped strengthen the message.“It’s an important manufacturing industry, people care about that and they care about pubs. In many cases they’re the last place left for social interaction in some areas.”She points out that a similar argument could be made for gambling: “Betting shops have a social value to customers in some areas that is similar to that of pubs and you can argue it’s the same with bingo halls and casinos.”This is true, up to a point. Members of the public will happily sign a petition against a rise in beer duty or to protect their local pubs, swimming pools or libraries because they can see the value in such institutions.There is an emotional connection to those places and how they bring communities together. It could be argued that bingo halls fulfil a similar function.But when it comes to casinos and betting shops it is hard to be sure of the connection and attachment levels people feel for them.Indeed, Carolyn Harris of the Gambling Related Harm All Party Parliamentary Group recently argued in an interview with iGB that opinion has changed, and gambling venues are seen as exploitative rather than community hubs.Public support and engagement This surely must come down to the nature of the industry. A pub patron gets a drink in return for their money, while a gambler loses their stake in most cases.While that is accepted practice, operators don’t help themselves by closing down winning players’ accounts with indecent haste, or often arguing or being slow at paying out.This points to another major shortcoming for the gambling sector. The lack of grassroots support and consumer advocacy for the industry means it is never defended in any meaningful way by punters or the general public.This lack of public support and engagement also means no politician of note ever sides with the sector in a way that carries weight.This might change as we start seeing results on the commitments it has undertaken to improve its working practices. But as Dan Waugh of Regulus Partners says: “The real danger for gambling is the absence of consumer advocacy.“Without being overdramatic, if you tried to ban alcohol it could bring down the government. Try something similar with gambling and there wouldn’t be such a big pushback.”Waugh believes gambling just doesn’t play as big a role in peoples’ lives as pubs do.“[But] it also connects with the issue of what customers are getting in return for their money and the service they get from operators,” he continues. “Online in particular, where there is no face-to-face interaction, the industry hasn’t done a good job of providing a strong offering.“For too long it has been too happy with high churn rates, acquiring customers and maximising their lifetime values (LTVs).“But if you look at almost any other sector, they don’t talk about LTVs and if they did, they wouldn’t last long and would be strongly criticised for being only interested in the short-term profits they can make from their clients.”Operators always need to find a balance on such issues, but there is little doubt the general public is not overly concerned at the idea of a few hundred high street betting outlets closing.Unlike, say, the reduction in the rate of bingo duty which was carried out in 2014 and had substantial support from customers.New model army From an industry perspective Waugh says: “More can be done with regard to harm prevention, but there needs to be a more profound re-evaluation of how people enjoy and benefit from gambling for things to change.“The way to do this is by putting in place things like a customer satisfaction index and asking: what benefits and enjoyment is the industry bringing to customers? What do the players want when it comes to game design? Do they actually enjoy the fast rate of play? Would they want to play longer and get more value for their money?”Waugh believes that if the industry is serious about reducing its dependence on a small number of high-spending customers, or VIPs (and this almost certainly going to be subject to new controls), it must reassess its entire business model.His comments, if heeded, would hint at a major paradigm shift in how operators work (potentially). They also bring to mind the alcohol industry’s efforts to frame how people should enjoy drinking: slowly and in moderation.The industry encourages punters to check their gambling activity and has increased its responsible gambling messaging. Yet many of its business practices or the way the games are designed just haven’t matched the rhetoric.This has played a major part in the situation it finds itself in today.The whole of the industry, via the BGC, will need to be on its game in the next few months. The review of the Gambling Act is going to bring major changes in how it is able to operate and generate profits.Perhaps the biggest tasks it faces is finding a message that enables it to move away from being constantly on the defensive and working in a way that generates genuine customer satisfaction. Email Address The Betting and Gaming Council has faced a baptism of fire, having to contend with a number of negative headlines even before permanent chief executive Michael Dugher started his role. Jake Pollard reports on the trade body’s turbulent first few months Green shoots? Subscribe to the iGaming newsletter Topics: Legal & compliancelast_img read more

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Holland Casino meets with Dutch government over casino closures

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Dutch state-owned land-based operator Holland Casino and national gambling industry trade association VAN Kansspelen have met with representatives from the country’s government to outline their concerns over its decision to extend the closure of casinos until September. Dutch state-owned land-based operator Holland Casino and national gambling industry trade association VAN Kansspelen have met with representatives from the country’s government to outline their concerns over its decision to extend the closure of casinos until September.Updated measures from the Dutch government mean gambling facilities such as casinos and gaming arcades will not be able to open until 1 September at the earliest, having been temporarily closed since the middle of March due to the novel coronavirus (Covid-19) pandemic.However, Holland Casino and VAN Kansspelen criticised the decision, arguing that it would negatively impact business and more than 8,000 people employed by the sector.Holland Casino and VAN Kansspelen outlined their concerns to Minister for Legal Protection Sander Dekker at the meeting, discussing alternative options that the government will now consider.According to Holland Casino, follow-up disussions on the matter will be held in the near future.“Holland Casino and VAN Kansspelen took note with deep disappointment of the measures taken by the government to allow a reopening of casinos and slot machine arcades from 1 September,” Holland Casino said.“The announced reopening date is too late. It creates irresponsibly high risks for players because Holland Casino and Van Kansspelen cannot fulfill their social mission of offering safe and responsible gaming with a focus on preventing and combating crime.”Last month, Holland Casino reported year-on-year revenue and profit growth for 2019.Revenue amounted to €728.9m (£647.6m/$787.5m), up by 11.0% year-on-year, with a total of 6.2 million visitors coming to its venues over the year. Net profit for the year was also up 13.6% to €67.6m. Regions: Europe Western Europe Netherlands Holland Casino meets with Dutch government over casino closures Casino & gamescenter_img Topics: Casino & games Legal & compliance Subscribe to the iGaming newsletter 15th May 2020 | By contenteditor Email Addresslast_img read more

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Pettersen named CEO of EveryMatrix’s CasinoEngine

first_img Tags: Mobile Online Gambling Casino & games 24th June 2020 | By Conor Mulheir Email Address Pettersen named CEO of EveryMatrix’s CasinoEngine EveryMatrix has announced the appointment of Stian Enger Pettersen as chief executive officer for the company’s casino business unit. Companies: EveryMatrixcenter_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games EveryMatrix has announced the appointment of Stian Enger Pettersen as Chief Executive Officer for its casino business unit, CasinoEngine.Pettersen joined EveryMatrix in 2015 as a product owner and was deeply involved in developing CasinoEngine, its casino integration platform, as well as BonusEngine, which helps operators tailor their acquisition and retention strategies to their customers.EveryMatrix Group CEO Ebbe Groes described CasinoEngine as the company’s “best product”. Pettersen “knows the casino vertical inside-out”, he added.“He did an incredible job with BonusEngine, which is now one of our biggest differentiators on the market,” Groes continued. “He’s hands-on, with both business and technical understanding, which is very rare, and has a clear vision which resonates very well with our team.”Pettersen added: “It is a pleasure to be involved in a very successful product which re-shaped the way our clients compete in the casino space. I’m excited to continue the good work we’ve done in the past years and help casinos be more competitive, profitable, and exceed all their goals.”CasinoEngine’s latest integration is with BetVictor, which will start offering NetEnt-owned Red Tiger Gaming content through CasinoEngine’s advanced APIs.Through a single integration in the operator’s front-end, wallet and platform, it will gain access to Red Tiger’s network jackpots.“We are pleased to be working with BetVictor on their content RNG offering,” Pettersen said of the deal. “Their huge success is owed to their high-performing sportsbook, but I am sure that their investments into the casino side will pay off as well in the near future and help set them apart from other operators with less diversified gaming portfolios.” Regions: Europelast_img read more

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