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PlayColorado.com: Sports betting back on the rise thanks to Nuggets, Avs playoff runs

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PlayColorado.com: Sports betting back on the rise thanks to Nuggets, Avs playoff runs

 

Colorado’s sportsbooks returned to growth as interest in the playoff runs of the Colorado Avalanche and Denver Nuggets pushed the state’s betting volume to nearly $250 million in May. The month’s results show how valuable the success of local teams can be to bookmakers, especially in what is the offseason of sports betting, according to PlayColorado, which tracks the state’s regulated sports betting market. 

“The U.S. jurisdictions that have fared best over the last two months have tended to be those like Colorado where a local team thrived or a locally held event drew heavy interest,” said Jessica Welman, analyst for the PlayUSA.com Network, which includes PlayColorado.com. “The biggest takeaway is that Colorado’s bettors remain engaged, and that will prove important once football season kicks off and robust growth returns.”

Sportsbooks accepted $249.0 million in May wagers online and in retail sportsbooks, or $8.0 million bets per day in May, according to data released Friday afternoon by the Colorado Division of Gaming. Those wagers were up 1.9% from $244.5 million in bets in April and up nearly 10-fold from $25.6 million in wagers in May 2020, the first month of sports betting in Colorado.

May’s wagers produced $15.2 million in gross gaming revenue, down 13.7% from $17.6 million in April but up from $2.6 million in May 2020. After promotional credits, sportsbooks reported $5.9 million in net sports betting proceeds, which yielded $635,641 in tax revenue.

The nation’s largest legal sports betting markets have been a mixed bag over the last two months, the beginning of a relatively slow period in sports betting that will last until football season. Of the Top 10 U.S. markets that have reported May data, Colorado’s month-over-month increase in wagering was smaller than New Jersey (up 8.9%) and Indiana (up 7.6%), but larger than Iowa (down 2.9%), Michigan (down 6.0%), and Pennsylvania (down 6.7%). Colorado’s handle did drop 18.8% in April, but all of the nation’s 10 largest markets saw at least a 13% decline in betting from March to April.

“Colorado’s sportsbooks are in a good position relative to most other legal states,” said Ian St. Clair, analyst for PlayColorado.com. “The seasonal slowdown will continue to be a factor until the NFL and college football returns. For now, though, the state’s sportsbooks are doing what they can to keep interest up by taking advantage of the opportunities, such as playoff appearances by the Nuggets and the Avs, as they come.”

With the Nuggets beginning their playoff journey in May, the NBA spurred $86.9 million in basketball wagering, up from $84.3 million in April. Baseball was the second-most popular sport with $49.1 million, up from $48.3 million in April despite the struggles of the Colorado Rockies. The Avalanche pushed hockey betting to $15.5 million from $10.6 million in April. Table tennis ($10.3 million), soccer ($9.9 million), and tennis ($8.2 million) also drove significant interest from bettors.

“With both the Avalanche and Nuggets eliminated and the Colorado Rockies struggling, Colorado won’t be as lucky as it has been for the remainder of the summer months,” St. Clair said. “But baseball’s All-Star Game should generate some interest, as well as an influx of out-of-state bettors. And the state’s sportsbooks will be creative in maximizing interest in events such as The Olympics.”

For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/revenue.

Compliance Updates

Spinomenal is now a registered provider in Peru

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Spinomenal, the leading iGaming content provider, has expanded its Latin American presence by registering as a service provider in Peru. The approval from Peru’s Ministry of Foreign Trade and Tourism (MINCETUR) allows Spinomenal to provide its casino titles to the country’s locally licensed operators.

With Peru’s recent introduction of new gaming regulations, the iGaming environment is set for an exciting transformation. Spinomenal is thrilled to be part of this dynamic evolution, offering our state-of-the-art gaming solutions to energise and enhance the gaming experience within Peru’s thriving iGaming community.

Peruvian players will now be able to enjoy Spinomenal’s popular portfolio of games and some of the gems available are Majestic King and Demi Gods V.

Spinomenal CO-CEO, Lior Shvartz commented: “Latin America continues to be a key region for us and we’re proud to now be able to offer our titles within the regulated Peruvian market. Games have been hand-picked for Peruvians based on localised knowledge of player preferences gained by our experience in the market prior to the new regulation.”

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Latin America

Belatra amplifies LatAm presence with Apostala partnership

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Belatra Games, the specialist online slots developer, has amplified its Latin American presence after signing a content deal with distinguished online gaming and sports betting platform, Apostala.

Based out of Paraguay, Apostala will now have seamless access to a rich assortment of Belatra Games’ captivating and innovative titles, offering local players access to an unparalleled spectrum of gaming delights. Some of the popular titles joining Apostala are Mummyland Treasures, Big Wild Buffalo, Dragon’s Bonanza, Golden øks and the most recent release, Chef’s Sticky Fruits.

Belatra Games’ success is rooted in its commitment to delivering premium entertainment to players across the globe. This alliance with Apostala underscores Belatra’s dedication to fostering strategic partnerships that generate long-term growth and elevate the gaming landscape for players worldwide.

Andres Troelsen, Belatra Games’ Commercial Director for Latin America, said: “Our collaboration with Apostala marks a pivotal moment for Belatra Games as we extend our influence throughout Latin America. Our partnership represents a shared commitment to redefine the gaming experience for players in Paraguay and beyond. Together, we aspire to craft a gaming platform that not only entertains but also inspires and delights players at every turn.”

Apostala Director, Fernando Ribeiro, added: “It’s been a pleasure working alongside the entire Belatra team, we are growing together and we have great plans for the future.”

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partnerships

The GLI Group (GLI®) Acquires SeNet International Corporation, Bringing Expanded Information Technology Security Capabilities to U.S. Clients

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The GLI Group (GLI®) has acquired SeNet International Corporation (“SeNet”), bringing expanded cybersecurity and other IT capabilities to clients of the GLI Group, Bulletproof a GLI Company, and SeNet. The companies serve a wide range of clients in the casino gaming space and across the business spectrum.

Founded in 1998, SeNet is an information security services company serving government and commercial clients, including the gaming industry, throughout the United States.

As part of the acquisition, the GLI Group will operate SeNet in conjunction with Bulletproof Solutions, ULC (“Bulletproof”), an information security company headquartered in Fredericton, Canada and wholly owned by the GLI Group. SeNet will operate as the U.S. information-security platform for Bulletproof, which will benefit existing SeNet clients by offering the broader information security services of Bulletproof, and Bulletproof’s current U.S. client base by delivering services through local information security professionals.

As the U.S. platform for Bulletproof, SeNet will leverage the combined capabilities of both companies to deliver enhanced information security services to clients. The investment further demonstrates the GLI Group’s commitment to providing world-class information security services to clients.

The GLI Group announced that, as part of the acquisition, all SeNet employees will continue to operate as a part of SeNet. That includes SeNet co-founder and CEO Ilan Katz and Chief Technology Officer (CTO) Gus Fritschie in leadership roles, and SeNet co-founder and President Toly Kozushin as a senior consultant.

The GLI Group’s James Maida, president and CEO of Gaming Laboratories International (GLI), said, “We are very pleased to continue our relationship with the entire SeNet team and look forward to them assisting us in providing world-class security services both inside and outside the gaming industries in the United States and elsewhere around the world.”

“SeNet was founded with a core objective to provide best-in-class information security services and continues to demonstrate consistent growth. What influenced me the most about the GLI Group is their unwavering focus on clients and strong track record of both growing and integrating new companies,” stated Toly Kozushin.

SeNet’s Ilan Katz added, “We are very excited to add to the GLI Group’s information security capabilities and help them grow in the U.S. While this acquisition closes a very successful chapter for the founders, it also introduces significantly greater growth prospects for our employees and clients.”

“Since joining SeNet approximately 15 years ago, I have personally observed the world-class capabilities of the GLI Group, and I am looking forward to joining the GLI Group team. Together with Bulletproof, we will have the combined capabilities to solve all security challenges for our clients,” remarked SeNet’s Gus Fritschie.

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