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Governor Christie: States should not see sports betting as a ‘cash cow’

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Governor Christie: States should not see sports betting as a 'cash cow'

 

Former New Jersey Governor and presidential candidate Chris Christie, who initiated the legal battle that led to the repeal of PASPA in 2018, has warned some US states are misunderstanding the value of legal sports betting.

In an interview with ICE365.com, Clarion Gaming’s new insight, data and analysis platform for the international gaming industry, Governor Christie said states legalising in the hope of generating tax revenue may ultimately be disappointed. “I don’t think sports gaming brings in that much revenue, in terms of tax revenue,” he told ICE365.com. “It’s a relatively low margin business. I think states doing it just for revenue will be disappointed.”

Instead, he says the true value comes through the economic activity it creates: “For us in New Jersey, it has increased volumes in Atlantic City, and the igaming part of it has been extraordinarily helpful to the business in our state.”

Governor Christie said online casino, for which regulation has tended to progress at a slower pace, will only accelerate in the coming years. He added that legislation had to avoid stunting the growth of new verticals and channels with onerous regulations, picking out Pennsylvania and Illinois as two he described as having put up a lot of barriers to doing business. He stated: “I think those states should be able to see that those are big mistakes based on the amount of business they’ve gotten, compared to what we’ve shown is possible here in New Jersey.”

Robin Harrison, B2B editor for Clarion Gaming, commented: “He was very candid in his responses and avoided any of the sugar-coating that we might have expected. Governor Christie also paints a very positive picture of the industry’s future; he’s confident that the backlash experienced by the European igaming industry won’t happen in the US.”

Harrison added: “It’s important to note that he does not see legal betting as distinct from the brick-and-mortar industry. Whether it’s as a licensing partner or as an active participant, the sector can benefit from sports betting regulation through the economic activity it creates – provided regulations create the right conditions for them to thrive.”

The full interview with Chris Christie will appear on ICE365.com part of Clarion Gaming’s £1m digital investment programme to help the international industry explore commercial opportunities 365-days a year. Launching June 28, ICE365.com will provide insights, reports, unique data, live discussions and exclusive interviews with leadership figures.

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Endorphina explores the eternal fire in its newest slot release – All Ways Luck!

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One of the top casino game providers in the iGaming industry, Endorphina, has announced the release of another new slot game on March 28th, 2024. The new game is titled All Ways Luck and features 5 reels, 4 rows, and 243 fixed pay ways, increasing the chances of players winning big.

The main theme of the game is set around a powerful volcano, burning with eternal flames and erupting in fiery wins. The deserted land in this world challenges players to test their courage and take advantage of the fire that never burns out. Filled with exciting twists and dangerous turns, this Endorphina slot appeals to the most daring and bold players looking for an unpredictable adventure and hidden treasures.

Another layer of excitement is added to the player experience when the fury of the volcano causes an earthquake to shake the reels, presenting the player with Free Games. The Free Games in All Ways Luck ensures players will stay always lucky with multipliers and scattered symbols for even bigger wins. Just like previous Endorphina slots, All Ways Luck features the Classic Risk Game and Bonus Pop mechanics.

Will you be able to find the treasure guarded by the everlasting volcano? Try your luck and test your courage on All Ways Luck!

 

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Soft2Bet granted Ontario Certification of Registration and readies for imminent launch

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Ontario Certificate is hugely promising as Soft2Bet continues its regulatory expansion

Soft2Bet, a leading provider of online betting and gaming solutions to regulated operators worldwide, is delighted to announce that it has been granted a Certificate of Registration in Ontario, Canada’s largest province, moving it one step closer to being able to launch its Tooniebet.com iGaming brand.

Obtaining its Certificate of Registration (Nbr: OPIG1280338) from the Alcohol and Gaming Commission of Ontario (AGCO) will enable Soft2Bet to continue its expansion into the world’s largest regulated jurisdictions.

Ontario has been a major success story for regulated online sports betting and casino in North America in the past two years. The province launched its regulations in April 2022 and latest figures for the fourth quarter of 2023 showed that operators recorded a 21% rise in wagers to CA$17.2bn and a 22% increase in gross gaming revenues to CA$658m, the highest ever revenue total in Ontario’s wagering history. Online casino was the main driver of this growth and generated CA$13.7bn of the total stakes and CA$471m in GGR.

Elisabeth Isaksson, Head of Regulatory Compliance at Soft2Bet, commented: “Being registered with the AGCO in Ontario is testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets. We’re immensely excited about taking our first steps in North America and look forward to licensing and launching in more jurisdictions in the region.”

Chief Business Development Officer Martin Collins added: “This Ontario certification is another significant and important step in our corporate expansion plans. It fits perfectly with our stated aim of growing our regulatory footprint and we very much look forward to continuing forward on this path.”

Soft2Bet is also actively working to obtain a licence in New Jersey and continue its expansion in the Americas. This activity comes after the group obtained B2C licences in Italy, Greece and Romania in 2023.

 

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SUPER WILD FREE SPINS™ SET TO TAKE PLAYERS ON A WILD RIDE

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Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems, and solutions, is delighted to announce the launch of Super Wild Free Spins™ to the B3/LBO market.

Players can immerse themselves in the thrill of a brand-new 10-win line slot game, where every spin promises wild excitement. Experience the adrenaline rush of an exhilarating bonus round, triggered by landing three or more bonus symbols. Achieving this feat awards 12 Free Spins along with a generous cash prize!

The Super Wild symbol steals the spotlight in this slot, expanding to fill the reels, elevating the excitement to new heights by upgrading symbols to lucrative rewards in both the base game and Free Spins bonus.

The Super Wild symbol steals the spotlight in this slot, expanding to fill the reels, elevating the excitement to new heights by upgrading symbols to lucrative rewards in both the base game and Free Spins bonus.

But wait, there’s more! During Free Spins, Super Wild Symbols not only award extra spins but also upgrade symbols for higher payouts.

Richard Terry, UK Market Product Director, said: “Super Wild Free Spins is a quality addition to the B3 sector, coming hot on the heels of a stunning set of recent titles. This vibrantly themed slot with a classic expanding wild mechanic is sure to appeal to experienced and new slot players alike.”

Find out more here: inseinc.com

 

 

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