Industry News
Altenar CEO Looks At The Growing Potential Of The North American iGaming Market Amid iGaming Next New York Video Interview
Through the hustle and bustle of city life, Altenar’s CEO Stanislav Silin and Altenar’s team flew to Manhattan, New York. Taking part in the iGaming Next New York 2022 event that stood as an exploratory event for Altenar’s founder and team where the world of North America’s iGaming world opened up, and new business opportunities, partnerships and general insight into the growing regulated market.
You can picture it, a typical Manhattan day, skyscrapers reaching for the sky, the sound of cars, chatter and the hum of city life enriching the scene, while Stanislav stands in Central Park being interviewed for a YouTube video, on his thoughts, ambitions and hopes for Altenar and the North American sports betting market.
Stanislav explained through the course of the interview, which can be found on Altenar’s YouTube channel, that the iGaming Next event was a tremendous opportunity to learn from current success stories, individuals who built market powerhouses and the innovative aspects of the North American market.
As the event continued it became clear that Altenar’s product and services could be of great value to the North American iGaming market, especially as it brings with it a wealth of industry knowledge, experience and time in heavily restricted markets much akin to North America: Italy, Spain and Sweden.
With the knowledge that Altenar could create and adapt for the North American market, co-founder and CEO, Stanislav, decided to cast a thought on the future and what Altenar can bring to operators in this market that will set them apart from other sportsbooks.
The A Team: America, Altenar, Agility
Impressed and inspired by the current North American iGaming market and having spotted a niche requirement for Altenar’s flexible and stable product, Stanislav continued to muse on the potential of the market and what Altenar can add to this.
Altenar is currently at a size, as an organisation, to bring something unique to the sports betting market in North America, as they’re not only well-equipped for the growing and inordinate demand on the market but offers a process and foundation of agility that can move with content trends, changing laws and software innovations. It’s in this agile nature that Stanislav sees opportunities to create something interesting and innovative in UX and products with operators in the North American market.
With new features being released and a forward-thinking mobile-first approach, Altenar’s software can develop and adapt to the market scope, all the while, housing some must-have qualities like an always-improving risk management system, a plethora of content, 24/7 client support and more, all of which can be discovered by contacting Altenar’s passionate team today.
For Altenar, and co-found Stanislav, the aims of attending iGaming Next were to begin to plant the seed that Altenar is a sportsbook software provider that can compete with the top-end, tier-one providers currently operating in the North American regulated market. Just as many seeds had been planted by Altenar and grew into flourishing, thriving and successful businesses throughout Europe, the UK, the MEA and more, Altenar is ready for the unique space of the North American market.
Want to discover more about Altenar’s innovative and reliable sportsbook? Contact the team today!
Industry News
Kutt Secures $1 Million+ in Funding and Surpasses 10,000 Users
Kutt, the leading social betting platform, announced that it closed the first quarter of 2024 with a successful fundraise of over $1 million and that it has surpassed the 10,000 user mark. The company also commissioned a study of 1000 bettors that clearly defines what social betting is and what users want — further cementing its ownership of the space.
“Betting has been a social activity for thousands of years, so it’s no surprise that consumers want the ability to facilitate and track wagers against their friends. If anything, bettors unquestionably prefer a more curated, social experience — they want to be part of a wider community and to be part of the conversation around sports, entertainment, and important events,” Sim Harmon, CEO and founder of Kutt, said.
While sports betting has boomed across the country since the Professional and Amateur Sports Protection Act (PASPA) was overturned in 2018, established gambling companies have largely stuck to the tried-and-true format sportsbooks have been using for decades — traditional sports bets against the house. But consumer desire to experience more has increased as the betting industry has matured, with 82% of bettors interested in wagering directly against their friends and other individuals through a decentralized platform, according to Kutt’s recently commissioned survey.
The survey found that, in addition to Kutt’s traditional offerings, an overwhelming majority of bettors (80%) are interested in wagering on non-sporting events, with 77% wanting to bet on entertainment, 62% interested in wagering on politics, and 60% with a desire to bet on life events. Kutt allows users to wager with friends on any event with publicly verifiable results, making it the ultimate “put your money where your mouth is” destination for fans. The survey also shed light on some compelling aspects and trends among current bettors, including:
- A higher percentage of bettors surveyed placed a wager with a friend in the past year (61%) vs. a sportsbook (60%)
- More than half of U.S. bettors (54%) have betting group chats with friends
- A majority of U.S. bettors (60%) text their friends about the progress of a bet while watching a game.
Adding further validity to the findings of the survey and the demand for a real-money social betting experience is Kutt’s recent $1 million+ institutional fundraise, led by Lightning Capital, a firm that invests in digital assets and online communities. The investment will fuel initiatives aimed at growing the Kutt community, enhancing user experiences, and expanding betting markets.
“We look for emerging companies in high-growth industries to invest in. Kutt’s enthusiastic user base, rapidly growing partnership portfolio, and their differentiated product offering were very attractive to us. We are eager to help them continue to define and own the social betting space,” Jock Percy, General Partner at Lightning Capital, said.
Industry News
Mohegan Appoints Joseph J. Hasson as Interim COO
Mohegan Tribal Gaming Authority, known globally for its renowned integrated entertainment resorts, has appointed Joseph J. Hasson as interim Chief Operating Officer. Jody Madigan, the current COO, has resigned effective August 1, 2024, and will be taking a leave of absence pending his departure.
Joseph J. Hasson will serve as interim COO and retain his current role as General Manager of Mohegan Casino at Virgin Hotels Las Vegas, subject to necessary regulatory filings or approvals. Mr. Hasson was an obvious choice for the Management Board, given his prior experience as the former Chief Operating Officer of Station Casinos LLC and Red Rock Resorts Inc. Joe brings considerable expertise to the executive team with a consistent track record of operating excellence and success over more than 40 years’ experience in the gaming and hospitality industry. Mr. Hasson will report to Ray Pineault, President and Chief Executive Officer of Mohegan.
“Joseph J. Hasson’s deep understanding of the gaming and hospitality industry makes him exceptionally qualified to maintain our high service and operational excellence standards. We are confident that Joe’s extensive experience and proven leadership will ensure continuity in our operations and guest experience,” Ray Pineault, President and CEO of Mohegan, said.
Industry News
Jennifer Shatley Joins ROGA as Executive Director
Jennifer Shatley, a recognized expert in the field and a highly sought speaker and advisor, has joined the Responsible Online Gaming Association (ROGA) as Executive Director.
Shatley has had 25+ years worth of experience, working closely with the treatment community, academics, researchers, government bodies, state councils, and gaming industry representatives to promote responsible gaming.
“Many of America’s largest legal mobile gaming operators will be establishing a framework that helps to aid in responsible gaming education and awareness. By coming together with a clear set of objectives, ROGA and our members will work to enhance consumer protections and help provide easier and more efficient access to responsible gaming tools for consumers to enjoy the entertainment of online gaming,” Shatley said.
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