Industry News
Rivers Casino Philadelphia Plans Boutique Luxury Hotel in Fishtown

Rivers Casino Philadelphia has announced that it will open a 62-suite boutique luxury hotel inside The Battery, the mixed-use lifestyle campus underway on Beach Street in Fishtown.
The new casino hotel will be called “Riversuites,” and it promises a high-end experience. The upscale hotel will occupy four dedicated floors of The Battery’s existing adaptive reuse complex, creating a rarity for Philly — a waterfront hotel. The casino could be accepting reservations as early as this fall.
Guest suites are cavernous by hotel standards, averaging 854 square feet each, with even larger options up to 2266 square feet. One-, two- and three-bedroom accommodations are available. Every suite includes a full kitchen. Several apartment-style suites feature patios or bi-level lofts, with sleeping rooms upstairs and living room and kitchen below.
Unobstructed views of the Delaware River extend well beyond the Pennsylvania and New Jersey shorelines past the Ben Franklin Bridge. On the street side, running parallel to the river, hotel guests will enjoy one of Philly’s hottest neighborhoods — Fishtown.
With Fishtown’s walkable streets and burgeoning cultural and culinary offerings, Riversuites guests will be just steps away from a growing inventory of trendy restaurants, coffee shops, craft brewhouses, distilleries, retail stores, galleries, and other recreation.
“A hotel addition for Rivers Casino Philadelphia has always been part of the master plan for our Fishtown property. The location and grandeur of The Battery allowed us to join a neighboring parcel, already in progress, with historic Philly significance,” said Tim Drehkoff, CEO of Rivers Casino and Rush Street Gaming.
In addition to proximity to Fishtown, panoramic views and affiliation with the casino itself, Riversuites will boast several other traditional and unconventional amenities: co-working areas, lobby gathering spaces, a billiards table — and an indoor basketball court.
The Battery is an architectural stunner designed in Beaux-Arts classical revival style by famed turn-of-the-century Philly architect John Windrim. Windrim’s prolific portfolio also includes The Franklin Institute, the Philadelphia Municipal Court and the provost’s residence at Penn.
Formerly the Delaware Power Station, the 11-acre Beach Street complex was commissioned as a PECO power plant in the early 1900s. By the 1950s, it was the utility company’s largest, providing power to nearly half of Philadelphia. Eight 167-foot-tall chimneys will remain as historic architectural elements.
Today, The Battery is a $154 million redevelopment initiative currently underway by its Philadelphia-based owner, Lubert-Adler Real Estate Funds. The active phase includes 173 apartments, 135,000 square feet of office space and 100,000 square feet of event space — and now a hotel.
“We saw in the old PECO power plant an opportunity to create a spectacular experience on Philadelphia’s waterfront that could be a home for both a residential community as well as an eclectic mix of commercial enterprises that will draw people to an area of the city that has until now been underused. It is very exciting to see our vision for this project come to fruition, with our first residents moving in and Rivers Casino announcing its plans for a beautiful new hotel overlooking the river, and we are thrilled to welcome them to The Battery,” said Leonard Klehr, vice chairman of Lubert-Adler.
The casino’s 22-acre waterfront property already connects with The Battery via the Delaware Riverwalk by way of picturesque Penn Treaty Park. The two properties are an eight-minute walk or a five-minute ride apart. Rivers will run a complimentary 24/7 shuttle with 24/7 security and will offer 24/7 valet parking.
Riversuites will be operated by Rivers Casino Philadelphia, which is owned and operated by Rush Street Gaming and its affiliates. Koo Architecture of Chicago is designing the Riversuites hotel. Strada of Philadelphia is the architect for The Battery.
“VIPs and out-of-town guests have long inquired about overnight stays at Rivers Casino Philadelphia, and they’re about to get a penthouse-style option. We’re thrilled to introduce this entirely unexpected luxury suites collection — that’s exclusive to Rivers Philly,” said Eric Althaus, general manager of the casino.
The Riversuites hotel project represents a $7 million privately funded investment. The new hotel will add more than 40 permanent hospitality jobs to the casino’s existing 1100-plus workforce. Riversuites at The Battery is expected to open by year-end 2023.
Industry News
SharpLink Gaming Announces $425,000,000 Private Placement to Initiate Ethereum Treasury Strategy

SharpLink Gaming Inc. announced that it has entered into securities purchase agreements for a private investment in public equity (PIPE) for the purchase and sale of 69,100,313 shares of common stock (or common stock equivalents in lieu thereof) at a price of $6.15 per share ($6.72 per share for certain members of the Company’s management team), for expected aggregate gross proceeds of approximately $425,000,000, before deducting placement agent fees and other offering expenses.
Consensys Software Inc. acted as the lead investor, and the offering included participation by prominent crypto venture capital firms and infrastructure providers such as ParaFi Capital, Electric Capital, Pantera Capital, Arrington Capital, Galaxy Digital, Ondo, White Star Capital, GSR, Hivemind Capital, Hypersphere, Primitive Ventures, and Republic Digital among others including Rob Phythian, SharpLink’s CEO, and Robert DeLucia, SharpLink’s CFO.
The closing of the offering is expected to occur on or about May 29, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the funds to acquire the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH” pending identification of working capital needs and other general corporate purposes. ETH will serve as the Company’s primary treasury reserve asset.
A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with the offering.
“This is a significant milestone in SharpLink’s journey and marks an expansion beyond our core business. On closing, we look forward to working with Consensys and welcoming Joseph to the Board,” said Rob Phythian, Founder and CEO of SharpLink.
“On close, Consensys looks forward to partnering with SharpLink to explore and develop an Ethereum Treasury Strategy and to work with them in their core business as a strategic advisor. This is an exciting time for the Ethereum community, and I am delighted to work with Rob and the team to bring the Ethereum opportunity to public markets,” said Joseph Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum.
Industry News
Double win for Kaizen Gaming at the SBC Awards Latinoamérica 2024

Kaizen Gaming, one of the biggest GameTech companies in the world, had an impressive double-win at the SBC Awards Latinoamérica 2024 on the 31st October in Miami, Florida. Awarded ‘Brazilian Market Entrant of the Year’, and ‘Marketing Campaign of the Year’, the two wins follow an impressive year of growth and exposure for Kaizen Gaming, as well as its premium brand Betano, across Latin America and globally.
Betano is rapidly growing its user base and presence in Brazil, serving as the main and title sponsor of Brasileirão Betano and Copa Betano do Brasil. As a founding member of the ANJL and IBJR regulatory bodies, Betano is recognised for its dedication to upholding the highest standards of responsible gaming and integrity. Furthermore, the Betano brand has launched multiple CSR initiatives across the country in partnership with sponsored team, Clube Atlético Mineiro. It also recently launched the “Juntos em Campo” long-term program in cooperation with CBF (Brazilian Football Confederation) to promote initiatives focused on gender equality.
Awarded for the results and creativity of its innovative “Football in America” marketing campaign, Betano successfully introduced Latin America to its “Confia” brand platform by leveraging on its CONMEBOL Copa America™️ 2024 sponsorship. The campaign chimed with the spirit of fans across the continent by celebrating Latin America’s rich football heritage, playfully responding to Kylian Mbappe’s 2022 comments questioning the region’s football quality.
Vangelis Skarkalis, Kaizen Gaming Senior Commercial Director LATAM, said: “Latin America is one of the world’s most dynamic and exciting regions for i-gaming. Being recognised as a leading player in this important market with two wins at the prestigious SBC Awards Latinoamérica is a great honour – especially on the heels of our recent double-win as ‘Operator of the Year’ at both the EGR Operator Awards and SBC Awards. Achieving this success requires an exceptional team of dedicated, ambitious professionals. This award honours everyone’s hard work and commitment to always going above and beyond in delivering the best experiences for our customers not only in Latin America, but worldwide too.”
Industry News
SOFTSWISS Wins SBC Latinoamérica Award for Help Brazil Initiative

SOFTSWISS has won the Socially Responsible Initiative of the Year nomination at the SBC Awards Latinoamérica 2024 for its impactful ‘Help Brazil’ initiative. This recognition underscores the company’s support for Brazilian communities affected by severe flooding earlier this year and its dedication to implementing meaningful social responsibility projects.
The SBC Awards Latinoamérica celebrates excellence in the Latin American gaming industry, gathering leading experts to acknowledge the achievements of operators, platform providers, affiliates, and suppliers across various sectors. SOFTSWISS’ ‘Help Brazil’ initiative distinguished itself among the top entries, with judges marking its focus on community sustainability and industry engagement.
Launched in May 2024, ‘Help Brazil’ provided immediate relief by delivering food, clothing, and clean water to flood-affected areas in Rio Grande do Sul in coordination with Movimento União BR. Further committed to sustainable recovery, SOFTSWISS partnered with PWTech, funding water purification installations in affected schools to guarantee long-term access to clean water.
Ivan Montik, Founder of SOFTSWISS, noted: “This prestigious award affirms our commitment to making a real difference. As we expand our business in Latin America, we build lasting relationships with people and partners in this region and see ourselves as part of the local communities. When action was needed, we could not remain on the sidelines. We are grateful that the Latin American industry recognised and supported our initiative and immensely thankful to everyone who joined us in this effort, both locally and internationally.”
Rubens Barrichello, Non-Executive Director in Latin America, who helped raise awareness for the initiative, added: “I am incredibly proud of SOFTSWISS’ commitment to a sustained and compassionate approach. This recognition underscores our dedication to supporting communities in Brazil, where we focus on making a meaningful impact. Together, with such comprehensive projects, we are demonstrating how our industry can step up when it matters most.”
Continuing its commitment to local communities, this September, SOFTSWISS and its employees provided financial aid and essential supplies to flood-affected regions in Poland, where the company operates two offices. The aid campaigns in Poland and Brazil reflect SOFTSWISS’ commitment to being a responsible partner for local communities and its broader focus on ESG principles through long-term health, environmental, and social initiatives, including World Environment Day, Pink October, and Movember.
SOFTSWISS welcomes its partners and clients to visit stand 2145 at the SiGMA Europe Summit to explore future collaboration opportunities.
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka Affiliate Platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
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