Latest News
Elm Tree Partners Announces Strategic Partnership with Warner Gaming
Elm Tree Partners, a development and financial advisory firm based in Dallas, Texas, announced a strategic partnership with Warner Gaming from Las Vegas, Nevada.
John Asher Thompson, CEO of Elm Tree, said: “I am thrilled to formalize our professional relationship with one of the best and most forward thinking developers and operators in the gaming space today. Bill and his team bring decades of experience and will provide deep bench strength to Elm Tree and our projects.”
Founded in 2008 by Bill Warner, Warner Gaming offers a talented, dynamic team of experienced casino executives whose capabilities cover gaming operations, entertainment programming, marketing, food and beverage, regulatory compliance, finance, information systems, and analytics. Prior to founding Warner Gaming, Mr. Warner served as Executive Vice President and Chief Operating Officer of Station Casinos (now known as Red Rock Resorts), a major US gaming company headquartered in Las Vegas.
Mr. Warner has been responsible for the development of 12 greenfield casino projects and overseen casino operations in both regional and destination markets. Wherever he conducts business, Mr. Warner is recognized by community leaders and regulators for responsible leadership, collaboration, and excellence.
“I’ve known John for years. He’s smart, versatile and accomplished, and he’s directed some of the best projects in the country. I’m really excited about the opportunity to collaborate with him on a variety of things,” Mr. Warner said.
Formerly a New York securities lawyer and investment banker, and founder of Elm Tree Partners, Mr. Thompson has been developing and financing large scale resort and casino projects across the US for more than 20 years. In 2021 he co-founded and backed SB22, the only truly next generation sports betting, iGaming, and free-to-play platform, uniquely built to GLI standards and designed for the US market specifically. SB22 is modern, scalable, and modular, with all its functionality, including its proprietary PAM, completely integrated from the ground up. It is also the first mobile-centric, iOS-native, fully automated, cloud capable, and VR/AR-ready tech platform in the sports betting industry.
“When you consider what we’ve got in common, as well as how our skill sets—with our development backgrounds and shared passion for technology and innovation—complement each other, this will be a formidable partnership, and I’m looking forward to delivering some incredible things for our clients and customers in the market,” Mr. Thompson said.
Compliance Updates
EGT Digital is a licensed software provider for Brazil
EGT Digital is proud to announce that it has obtained a licence that allows it to provide its software products in Brazil. The Bulgarian provider was certified by the regulator Secretariat of Prizes and Bets (SPA) and can now offer local operators its rich portfolio of gaming solutions, containing over 120 in-house developed casino titles and the 4 top-performing jackpots Bell Link, High Cash, Clover Chance, and Single Progressive Jackpot.
Tsvetomira Drumeva, Head of Sales at EGT Digital, shared her excitement regarding the authorization: “We are delighted to have the opportunity to present our gaming content to the Brazilian market. Our slots are available to domestic players, ready to captivate them with their numerous fascinating features and provide an unforgettable experience, fully tailored to their tastes and preferences.”
Compliance Updates
Arizona Department of Gaming Releases October Sports Betting Figures
Bettors in Arizona wagered approximately $791 million on sports in October of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 22% increase when compared to October of 2023.
The state collected approximately $2.35 million in privilege fees in the month.
Gambling in the USA
Neosurf & Betting Hero to reveal results of their in-depth study into US online gambling and payment habits in exclusive two-part webinar series
Neosurf, the globally trusted provider of swift and secure cash-to-digital payment solutions, has announced it will be sharing the findings of a recent study into the online betting habits, preferences and frustrations of US players in an exclusive two-part webinar series beginning on January 14th.
Neosurf commissioned the research via Betting Hero – a leading US-based iGaming portal with expertise in casino, sports betting and DFS. The webinars will see Neosurf CEO Americas, Sue Page, Betting Hero’s Co-Founder and President, Jai Maw, and Senior Director of Product and Research, Ernie Ropas, dive into the report’s key findings and discuss what some of the more surprising results could mean for operators.
The survey, which featured respondents from New Jersey, Colorado and North Carolina, aimed to help operators and regulators within the gambling industry better understand the typical US bettor – how and why they bet, what tools they use to manage their budget and what Responsible Gaming means to them. The findings will be revealed in the webinars and used to identify areas where Neosurf’s products can help operators provide a better user experience.
The research highlighted several aspects of payments and responsible gaming that bettors felt could be improved. Problems with payments remain an issue – 52% of respondents said that they’d experienced payment issues in the past year, and with over 50% depositing and withdrawing multiple times each month, there is a significant cost impact to the operators.
Additionally, respondents indicated they’d be in favour of using a service that could share pre-verified ID information with operators, with ease of use for new payment methods and seamless integration across multiple platforms identified as important factors in their choosing and remaining loyal to a single sports betting platform.
Sue Page, Neosurf CEO Americas, said: “It was important to us to gain a more detailed insight into the US sports bettor. We wanted to talk to the players and ask questions that no one else is asking, and through our collaboration with Betting Hero I’m delighted that we now have a comprehensive piece of research.
“Offering valuable insights into player habits – how and why they bet, the ongoing pain points they’re experiencing with payments and their thoughts on Responsible Gaming—we’ll be taking a deep dive into the results of the survey in our two-part webinar series starting at 10:00 ET on January 14th, and we encourage all US-focused operators and regulators to join us.”
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