Latest News
Games Global expands into the U.S. iGaming market following acquisition of DGC B2B division from Super Group
Prominent global iGaming provider further bolsters market position with milestone acquisition
Games Global, a prominent content supplier to the iGaming industry, has announced the successful acquisition of the B2B assets of Digital Gaming Corporation (DGC B2B) from Super Group as of 1 February 2024. This strategic move, following the securing of all necessary regulatory approvals, marks a significant milestone for Games Global.
The acquisition of DGC B2B is a testament to the companyâs commitment to expanding its presence to the dynamic U.S. iGaming market, whilst continually driving innovation and excellence across the global gaming sector. The acquisition allows Games Global to immediately work directly with leading operators in the U.S.
With 40 exclusive studios, a diverse collection of more than 1,300 proprietary games, and some of the industryâs highest paying progressive jackpot network, Games Global is well positioned to capitalize on the tremendous opportunities presented by this acquisition.
Walter Bugno, CEO at Games Global, said: âWe are excited about the successful acquisition of DGC B2B, which enables our immediate entry into the fast-growing U.S. market and aligns seamlessly with our vision to become a leader in the global gaming industry. This move not only strengthens our global position, it also allows us to further innovate and deliver incredible experiences to operators and their players.â
Neal Menashe, CEO of Super Group, said: âWe are pleased to have brought this sale to a close. Going forward, our team can continue focusing on our global B2C growth. Games Global is a valued long-term partner of ours, and DGCâs B2B division is in good hands. We wish them all the best.â
Financial reports
Commercial Gaming Revenue Growth Continues in Q3 2024, Driving Industryâs 15th Consecutive Quarter of Growth
U.S. commercial gaming revenue reached $17.71 billion in Q3 2024, the industryâs highest-grossing Q3 on record, according to the American Gaming Associationâs (AGA) Commercial Gaming Revenue Tracker. This makes Q3 2024 the industryâs 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year commercial gaming revenue.
Through the first nine months of the year, nationwide commercial gaming revenue stands at $53.24 billion, pacing 8.0 percent ahead of 2023 and putting the industry on track for a fourth straight record revenue year.
In Q3 2024, 29 of the 35 commercial gaming jurisdictions operational last year saw increased year-over-year revenue. This growth resulted in an 8.9 percent year-over-year increase in state and local taxes tied directly to gaming revenue, with commercial gaming operators contributing $3.79 billion in taxes across the quarter.
Quarterly revenue from land-based gaming â encompassing casino slots, table games and retail sports betting â totaled $12.56 billion, 0.62 percent lower than Q3 2023. Meanwhile, combined revenue from online sports betting and iGaming totaled $5.14 billion in Q3 2024 as online gaming made up 29.0 percent of commercial gaming revenue, a significantly higher share than in Q3 2023.
Looking at each sector in Q3 2024:
- Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.38 billion, a contraction of 0.9 percent year-over-year.
- Legal Sports Betting: Americans legally wagered $30.3 billion on sports, generating $3.24 billion in quarterly revenue (+42.4% YoY). Recent market launches in Kentucky, Maine, North Carolina and Vermont contributed to this growth.
- iGaming: iGaming generated $2.08 billion in revenue, marking a 30.3 percent year-over-year increase.
âQ3 2024 continued gamingâs momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue,â said AGA Vice President of Research David Forman. âMore than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.â
Latest News
Legendz Social Casino & Sportsbook Officially Launches in 43 States
Legendz Social Casino & Sportsbook announced its highly anticipated launch, offering players an unparalleled social gaming experience across 43 states in English and Spanish language. With a vast array of games, innovative features, and a player-first philosophy, Legendz is set to redefine the online social and sweepstakes gaming landscape.
Hundreds of Slot Games, Live Table Games, and a Full Sportsbook
Legendz delivers a comprehensive entertainment experience featuring hundreds of fan-favorite slot games and live table games from trusted providers. Sports enthusiasts will be able to make predictions on single teams, totals, player props, parlays, and more âcovering over a thousand markets across multiple sports.
âWith a full suite of slots, live casino, and sportsbook as well as some unique features that we’ll be rolling out over the next few months, we think our guests will find a social gaming experience they canât get anywhere else,â said Henrik Persson Ekdahl, Co-founder of Legendz.com.
Play for Free, Redeem for Real Prizes
At Legendz, anyone over 18 can join the fun and play for free while having the chance to redeem winnings for real prizes. Players receive a free daily reward just for visiting the site each day.
âLegendz is introducing a groundbreaking approach to rewarding loyal users and retaining its players with its unique daily reward slot game. The game will offer a chance to win hundreds of free Sweeps Coins every single day. Weâre transforming traditional rewards into an engaging experience, staying true to our core value: delivering entertainment at its finest,â said Managing Director Charlie McMaw.
Highest Return to Player on the Market
With a commitment to a generous, player-first approach, Legendz boasts the highest return to player available in the social gaming industry. Players can enjoy more value for their play ensuring an exciting and rewarding experience every time they use Legendz.
Latest News
BetConstruct to Participate at GAT Caribbean CancĂșn
BetConstruct has announced their participation at this yearâs GAT Caribbean CancĂșn that takes place in Mexico from November 26-28.
Taking place at the CancĂșn International Center, the GAT Caribe CancĂș is a prestigious event that gathers manufacturers, operators, and marketers to broaden the horizons of the online and land-based markets in Mexico, the Caribbean region, and Central America.
Exhibiting at stand A36, BetConstruct are set to showcase the companyâs wide array of Land Based Solutions alongside comprehensive Sports Betting Solutions and Casino Suite. These offerings have the full capabilities and features that are essential for catering to the regional markets and open vast opportunities for both new and entrant operators.
-
Latest News6 days ago
Bragg Gaming Group Announces Record Third Quarter 2024 Revenue of Eur 26.2 Million (USD 29.3 Million)
-
Latest News2 days ago
Full House Resorts Announces New Leadership for Rising Star Casino Resort
-
partnerships6 days ago
Tin Lizzie Gaming Resort Partners with Quick Custom Intelligence for Next-Level Gaming Experience
-
Latest News3 days ago
Arizona Department of Gaming Investigation into Illegal Gambling Leads to Record-Breaking Firearms Seizure
-
Latest News6 days ago
Evolution Group Announces Partnership Extension with FanDuel Casino
-
eSports3 days ago
Influencers, Content and eSports: Unleashing the Power of Dynamic Strategies in the eSports Ecosystem
-
Latest News6 days ago
EVERI STOCKHOLDERS APPROVE ACQUISITION BY APOLLO FUNDS
-
Compliance Updates6 days ago
Massachusetts Gaming Commission Launches Official Seal of Approval