Press Releases
Online Betting Reaps Rewards of Sport’s Resumption
In recent years, thanks to relaxation of laws and regulation across the globe for online gambling, the industry has seen strong growth in demand and popularity. In addition to the ease in regulation, the increasing popularity of online gambling is attributed to several factors, such as advancements in the field of digital marketing, wider availability of modern technology as well as easy-to-use systems. In recent years, the global online gaming market has expanded to represent one of the fastest growing segments of the gambling industry. Despite several major legal restrictions which are still in place, regionally and country wise, in 2018 the market already produced more than USD 48.9 Billion in worldwide revenue and is projected to expand past USD 134.5 Billion by 2027, according to data provided by Transparency Market Research. FansUnite Entertainment Inc.Ā (OTC: FUNFF) (CSE: FANS), DraftKings Inc.Ā (NASDAQ:Ā DKNG), Boyd Gaming CorporationĀ (NYSE:Ā BYD), Scientific Games CorporationĀ (NASDAQ:Ā SGMS), International Game Technology PLCĀ (NYSE:Ā IGT)
From the various segments associated with online gambling, it is the sports betting segment that is expected to expand at a substantial pace. The most significant boost to the sports betting segment is attributed to the usage ofĀ smartphones, which allow bettors to bet at anytime and anywhere.Ā Over the last three to four months, the online sports betting segment had to overcome a lack of sporting events due to social distancing and quarantine measures. Now, sports are coming back and online betting is projected to make a strong come back in states where the activity is legal. According to an article by Barrons, “sports betting sites in New Jersey were aggressive in offering attractive odds to bettors on the opening games for Major League Baseball on Thursday, according to an analysis by Morgan Stanley analyst Tom Allenā¦ New Jersey has the largest and most important online sports betting market in the country and operators have been aggressive in the state in attracting and retaining customers.”
SOURCE FinancialBuzz.com
Compliance Updates
Octoplay kicks off expansion into the US by obtaining a Michigan provisional license
Octoplay continues its expansion in North America by obtaining its provisional license for Michigan, marking the beginning of the company’s highly anticipated entry into the United States.
The Michigan provisional license is a key first step in Octoplay’s introduction of its innovative slot games to the American market, starting with operators in the Great Lakes State. This move into the US follows Octoplay’s recent successes in Europe, where the company has rapidly expanded its presence in Italy, Slovakia, Denmark, and Ontario over the past few months.
Gavin Hamilton, Chairman at Octoplay said: “Obtaining the Michigan provisional license marks the beginning of our entry into the United States, a key market for our future growth. We look forward to bringing our premium products and games to American players, starting in Michigan.”
“While we’ve seen great success in European markets recently, our entry into the US represents a new chapter for Octoplay,” Hamilton added. “We’re committed to establishing a strong presence in the American iGaming landscape, leveraging our experience in regulated markets to deliver exceptional gaming experiences to US players and operators.”
Octoplay’s expansion into new markets, including the US, allows more operators to access its popular slot games. This provisional license will not only extend Octoplay’s reach but also enable Michigan operators to offer the high-quality content their players seek.
Latest News
EveryMatrix gains AIEJA Mexico gaming Association membership
EveryMatrix has become a member of the Mexican Gaming Association further bolstering its commitment to the growing LatAm iGaming market.
The tier-1 iGaming technology company has joined the Mexican Association for Permit Holders, Operators, and Suppliers of the Entertainment and Gambling Industry (AIEJA).
This will enable it to participate in, moderate, sponsor and lead workshops, seminars and future initiatives as well as share knowledge and insights with other members ahead of further market expansion.
EveryMatrix has a proven record of supplying leading iGaming technology in the LatAm region with plans to rapidly expand its presence there in the coming months and years with a pipeline of customers due to go live as regulation continues to develop.
Its AIEJA membership will allow it to develop deeper relationships with local brands, partners and regulators and share its 16 yearsā worth of knowledge and expertise as the Mexican market matures.
AIEJAĀ is a national membership organisation representing the interests of the real-money gaming and entertainment industries in Mexico, responsible for creating jobs and an important contributor to the treasury, redistributing wealth in an equitable and proportional fiscal environment.
Erik Nyman, President, EveryMatrix Americas, said: āWeāre delighted to join AIEJA and its many valued members and I would like to extend my thanks to the organisation for their warm welcome.
āMexico is a country full of potential that blends North American traditional gambling behaviour with Latin American influences making it a specific market of interest as we expand our business in the region.ā
Dr. Miguel Ćngel Ochoa, President, AIEJA, said: āWeāre very pleased to welcome EveryMatrix to AIJEA. EveryMatrix is recognised in the industry for its superior technology and services that can be found among some of the largest operators in the world. They will be an extremely valuable addition to the organisation.ā
Latest News
Evolution to Showcase World-Class Online Casino Products at G2E Las Vegas 2024
Evolution, the worldās leading provider of innovative online gaming products, is excited to announce its return to the Global Gaming Expo (G2E) in Las Vegas where it will showcase its extensive portfolio of live dealer casino games, game shows, RNG titles, and slots on stand #4430 from all eight brands within the Evolution Group: Evolution, NetEnt, Red Tiger, Ezugi, Big Time Gaming, Nolimit City, DigiWheel, and Livespins.
Building on Evolutionās tradition of innovation, the stand will highlight several new global titles and soon-to-be-released games for North America.
Among these, Lightning Storm, which was first introduced as the headliner at ICE 2024 London and officially launched in July, is the Groupās ābiggest most epic Lightning game yetā in the multi award-winning Lightning family of games and features a money wheel using DigiWheel-patented technology.
Crazy Balls, another exciting global release, is an innovative live game show that blends bingo-style gameplay with Crazy Timeās four Bonus games.
Soon to be launched in North America, the highly anticipatedĀ Red Door Roulette will take centre stage. This live roulette game combines the popular award-winning Lightning Roulette concept with the experience of Crazy Timeās most exciting bonus game. Additionally, there will be a US specific release of the globally popular, Stock Market, where players can immerse themselves in the world of stock trading and predict stock values in the gameās virtual financial market.
Also to come globally is NetEnt’s Starburst Galaxy, a sequel to the beloved classic slot game Starburst, as well as other new titles from the Groupās other slot brands ā Red Tiger, Big Time Gaming, Nolimit City. Ā
Jacob Claesson, Chief Executive Officer Evolution North America, said āWeāre thrilled to be back at G2E for a third year, showcasing some of our most innovative and exciting games yet. Weāve come a long way since last year, having launched three separate Crazy Time builds across five different markets just in the US alone, and weāre excited to continue that momentum with theĀ US release of Red Door Roulette and Stock Market, and theĀ recent launch of theĀ global hit Lightning Storm. We truly have something for everyone and canāt wait to meet with our customers and partners to show how hard weāve been working to deliver the best possible gaming experiences for them and their players.ā
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