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  • Las Vegas’ Harry Reid airport posts record June passengers number; on track to break yearly high | Yogonet International

    Las Vegas’ Harry Reid airport posts record June passengers number; on track to break yearly high | Yogonet International

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    Las Vegas’ Harry Reid International Airport broke a new record last month. According to a Clark County Department of Aviation report on Wednesday, the airport had its highest number of June passengers in its history with 4.9 million people passing through it, surpassing the previous June 2022 record of 4.7 million in 2022.

    The combination of both domestic and international arrivals and departures led the passenger volume to increase by 4.1%, driven by market leader Southwest Airlines, which reported 1.8 million passengers for the month. The impressive figure marked a 10.5% increase from the same month a year ago.

    But the Harry Reid International Airport could soon break another record, as the 15.9% increase to 28.1 million passengers for the first half of the year puts it on track to deliver the highest number of annual passengers in its history. The airport reported a record 52.7 million passengers in 2022, notes Las Vegas Review-Journal.

    During the month of June, there were a total of 4.5 million passengers arriving from and departing to domestic destinations, up 3.8% from a year ago. Meanwhile, international arrivals and departures climbed 12.4% to 280,687.

    Deep discounter Spirit Airlines, the No. 2 commercial carrier, reported 692,507 passengers for the month, a figure that was up by 5.6%. For its part, legacy carrier Delta Air Lines, at No. 3, was up 4.4% to 427,555 passengers.

    Among international carriers, Canadian discounter Westjet carried the most passengers to and from Las Vegas, at 74,553, a 28.5% hike from June 2022. Air Canada was next with 43,884 (up 8.9%), followed by British Airways, with 28,562 (up a whopping 52.3% from June last year).

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  • VICI reports 35% revenue hike in Q2, driven by “accretive acquisitions” and strategic financings | Yogonet International

    VICI reports 35% revenue hike in Q2, driven by “accretive acquisitions” and strategic financings | Yogonet International

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    Casino landlord VICI Properties has reported 35.5% revenue growth in the second quarter of the year, reaching $898.2 million. The real estate investment trust said the quarter’s results and current liquidity enable it to continue its pursuit “of attractive domestic and international growth opportunities across the experiential landscape.”

    Net income attributable to common stockholders increased year-over-year to $690.7 million in Q2, up from a loss of $57.7 million the same period last year; while AFFO hiked by 25.7% on a yearly basis to $540.4 million and, on a per share basis, increased 11.9% to $0.54. The successful quarter helped bring H1 revenue to $1.7 billion, up 65.4% from H1 2022.

    Edward Pitoniak, Chief Executive Officer of VICI Properties, said: “VICI’s strong second quarter financial performance, exemplified by approximately 36% revenue growth and nearly 12% growth in AFFO per share year-over-year, reflects the impact of our consistent commitment to accretive acquisitions and strategic financings.

    “We also ended the quarter with ample liquidity, including $739 million in cash and cash equivalents, $868 million of estimated equity proceeds available upon settlement of forward sale agreements, and $2.4 billion of availability under the Revolving Credit Facility.”

    Revenue mostly consisted of income from sales-type leases, amounting to $495.3 million; while income from lease financing receivables, loans and other securities was $373.1 million. For its part, other income totalled $18.5 million, while golf revenues amounted to $11.1 million.

    VICI targets further expansion

    The quarter saw VICI expand in Canada by announcing the acquisition of the real estate of Century Casinos’ four gaming properties in Alberta – Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton; and Century Downs Racetrack and Casino in Calgary – for C$221.7 million ($164.7 million) in cash.

    Century Casino Calgary

    Subsequent to the quarter’s end, just earlier this week, the trust also extended its position in its home market by closing the previously announced acquisition with Century of Rocky Gap Casino Resort, in Maryland. VICI paid $203.9 million in cash, while Century acquired the operating assets of Rocky Gap for $56.1 million.

    However, Q2’s report came with another update. “We are excited to announce that subsequent to quarter end, we broadened and deepened our relationship with Canyon Ranch through the establishment of our VICI-Canyon Ranch Growth Partnership, a multi-faceted investment relationship,” added Pitoniak.

    The initiative includes VICI investing up to $150 million in preferred equity into the controlling entity of Canyon Ranch, a provider of holistic, integrative health and wellness guest experiences. VICI calls it “an investment that will contribute to enabling the Canyon Ranch operating platform to resource the growth of the Canyon Ranch resort network and other brand extensions.”

    Additionally, the investment is set to further enhance the company’s embedded growth pipeline with call rights on Canyon Ranch Tucson and Canyon Ranch Lenox, as well as solidify “the partnership as the capital partner for Canyon Ranch as they look to expand their wellness resort ecosystem.”

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  • Connecticut: Mohegan Sun to open direct-to-consumer Tesla sales outlet | Yogonet International

    Connecticut: Mohegan Sun to open direct-to-consumer Tesla sales outlet | Yogonet International

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    Tesla is set to open its first Connecticut electric vehicle showroom at Mohegan Sun Casino & Resort this fall. According to the casino, the Sales and Delivery Center will be located in the Shops at Mohegan Sun, at a first-floor storefront formerly occupied by a Victoria’s Secret store.

    Connecticut’s law requires car manufacturers to sell to dealers, who then sell the vehicles to customers. Because of Tesla’s direct-to-consumer business model, the company had not been able to sell vehicles in the state.

    However, with the new showroom at the Mohegan Sun casino, located on Mohegan Tribe’s sovereign land, Tesla will be able to get around the law. Interested customers will be able to see and buy Tesla vehicles at the casino storefront, with the cars being delivered at Mohegan Sun’s Sky Tower valet.

    “This endeavor with Tesla marks an electrifying milestone in Mohegan Sun’s commitment to fostering impactful relationships, promoting environmental sustainability, and offering cutting-edge experiences for our millions of annual guests, each of which are core goals of Mohegan Sun and the Mohegan Tribe,” Mohegan Sun President and General Manager Jeff Hamilton said in a news release.


    Mohegan Sun President and General Manager Jeff Hamilton

    Mohegan Sun, in the press statement, described the storefront as a “first-of-its-kind venture in Connecticut“, noting the Sales & Delivery center will operate on Sovereign Tribal land.

    Legislature divided over approval of Tesla bill

    For years, Tesla has unsuccessfully tried to get Connecticut lawmakers to legalize direct-to-consumer sales of its electric vehicles. The annual Tesla bill regularly faces opposition, reports CT Examiner, despite heavy lobbying efforts. Connecticut’s car dealers argue that the carve-out would give electric manufacturers an unfair advantage in the market.

    The co-chairs of the legislature’s Transportation Committee, State Rep. Roland Lemar, D-New Haven, and State Sen. Christine Cohen, D-Guilford, said that they were supportive of the development in conversation with the aforementioned news source.

    “It’s certainly innovative on the part of both Tesla and the tribe to come up with a solution that will bring their cars to market in Connecticut and allow them to distribute here,” Cohen said. “I think in looking at other states where Tesla is able to sell directly, there has been the ability for both the dealership model and direct sales to coexist with each other.”

    Lemar, an advocate of the Tesla bill, said the Mohegan Tribe is sovereign and Connecticut cannot tell it how Tesla should sell cars on their own land. He also told CTExaminer that it will be interesting to see if direct sales at Mohegan Sun will change legislators’ minds about the legislation.

    He said: “It’s not surprising that Tesla would seek to find another way to provide their cars to Connecticut consumers, now it’ll be interesting whether or not the state as a whole wants to be involved with coming up with a solution because there are other manufacturers out there looking to sell their cars to Connecticut consumers.”

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  • Novomatic announces new management structure for African unit | Yogonet International

    Novomatic announces new management structure for African unit | Yogonet International

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    Gaming technology group Novomatic has announced a new management structure for its Africa unit, a region in which the company has been now active for nearly 23 years. The new structure will go into effect from August 1st. 

    The company said that the team at the regional Novomatic Africa headquarters, located in Midrand (Johannesburg area, South Africa), is “delivering first-class products and services to gaming operators in both the casino and the LPM-market segments” in South Africa and many other African countries, as well as “strategically steering Novomatic’s gaming operations in Eswatini.”

    Sonya Nikolova, after having served as a member of the local Board of Directors for several years, has decided to move back to Europe to take on a new strategic role in the area of Global Sales at Novomatic’s headquarters in Austria.

    Muriel Loftie-Eaton and Alexander Merwald will remain in their current Board of Director functions at the Novomatic Africa Group, whereby Muriel Loftie-Eaton will in addition join Alexander Merwald as Managing Director at Novomatic South Africa, a company solely focused on the South African market.

    Chantel Crossley, who has been with the Novomatic Africa Group since 2022 as Head of the Group’s finance department, will join both Muriel Loftie-Eaton and Alexander Merwald as Managing Director of the local group’s holding company Novomatic Africa, as well as joining Alexander Merwald as Managing Director co-heading the group’s operational company in Eswatini.

    Chantel Crossley is described by Novomatic as a chartered accountant with degrees from the University of Witwatersrand with many years of financial and operational experience in the IT and financial services industries. Crossley has worked for EOH Mthombo, a major South African IT and consultancy company; and Deloitte South Africa, both domestically and abroad. 

    With an extensive commitment to her new role, Chantel Crossley will bring her in-depth knowledge of the South African market as well as management skills and strategic focus to Novomatic, said the company.

    “Since joining the Novomatic Group, I have been excited to be part of one of the largest integrated gaming companies in the world. Now, I am looking forward to being able to contribute my personal management expertise and experience on a strategic level to further the growth of the Group in the region,” said Chantel Crossley.

    Alexander Merwald addde: “Muriel Loftie-Eaton and I are delighted to have Chantel Crossley join us as Managing Director at the Novomatic Africa Group. We are looking forward to collaborating with her to grow Novomatic’s markets in the South African region together.”

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  • Apple, Meta, and Google deny acting as “bookies” in casino app liability appeal | Yogonet International

    Apple, Meta, and Google deny acting as “bookies” in casino app liability appeal | Yogonet International

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    Apple, Meta, and Google have challenged a 2022 ruling from U.S. District Judge Edward Davila of San Jose, California, warning the 9th U.S. Circuit Court of Appeals that the entire internet economy could be at risk if online platforms can be held liable for processing users’ purchases of virtual chips used in casino game apps.

    The ruling in question concerns Section 230 of the Communications Decency Act, which grants online publishers immunity from liability for third-party content. Judge Davila’s ruling suggested that this immunity does not protect the platforms from claims that they acted as “bookies” by facilitating the purchase of virtual chips for use in online casino games.

    The casino app cases have resulted in cross-appeals. Apple, Meta (formerly known as Facebook), and Google are appealing the decision that they can be held liable for processing virtual chip payments, while the plaintiffs’ lawyers from law firm Edelson have filed cross-appeals over their dismissed claims.

    The platforms argue that Judge Davila misinterpreted a key precedent set by the 9th Circuit in HomeAway.com Inc v. City of Santa Monica. They fear that if his decision is not overturned, the consequences could be far-reaching.

    The platforms assert that websites offering in-app purchases, such as Spotify and Substack, could also be exposed to liability whenever a plaintiff claims injury from an unlawful product.

    Apple’s lawyers at Weil, Gotshal & Manges expressed concern about the theory presented by the casino app plaintiffs, stating that it is “limitless.” Meta and Google echoed these sentiments, warning that “clever lawyers” could use Davila’s reasoning to reframe claims that would otherwise be precluded under Section 230.

    The platforms argue that they did not create the virtual chips sold by the casino apps nor the apps themselves. Instead, they provided payment processing services as a publisher, which should be protected under Section 230.

    The platforms stress that the casino app cases are fundamentally different from the conduct at issue in the HomeAway case, where the 9th Circuit ruled that Section 230 did not pre-empt a local law barring websites from accepting booking fees for certain short-term housing rentals.

    The appeals process is ongoing and expected to conclude in December 2023. The outcome will have significant implications for the internet economy and the interpretation of Section 230 protections for online platforms. 

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  • Pragmatic Play extends bplay partnership in Argentina to the province of Mendoza | Yogonet International

    Pragmatic Play extends bplay partnership in Argentina to the province of Mendoza | Yogonet International

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    iGaming content provider Pragmatic Play has extended its partnership with Argentinian operator bplay, now set to also encompass the province of Mendoza.

    Following agreements between the two parties across Argentina in the Buenos Aires, Santa Fe and Entre Rios provinces, and Buenos Aires City, this latest deal sees Pragmatic Play’s Slots, Live Casino and Virtual Sports offerings integrated into its platform to serve the players of Mendoza.

    The award-winning slots Gates of Olympus and Sugar Rush are now available to bplay customers, as well as more recent releases including Big Bass – Hold & Spinner and Lamp of Infinity.

    Meanwhile, Live Casino players can also enjoy the supplier’s gameshow style experiences such as Sweet Bonanza CandyLand, as well as classics including blackjack and roulette.

    A range of Virtual Sports content completes the deal, with live football, greyhound and horse racing content, “all presented with hyper-realism and a wide range of betting markets.”

    “Bplay continues to be a key partner to Pragmatic Play across Latin America, where it maintains its position at the fore of the online casino markets,” the supplier said in a press statement.


    Victor Arias

    Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play has been enjoying a fantastic working relationship with bplay for some time now across various regions in Argentina, so it’s great to see to continued growth of this cooperation. We’re confident that Pragmatic Play’s content will result in the same strong returns in Mendoza as they have earned elsewhere.”

    Sebastian Puente, Product Manager at bplay, said: “We’re well used to the quality that Pragmatic Play delivers to our players and we’re sure that this latest agreement will continue our relationship in just the same vein. The variety and sheer entertainment that this multi-vertical deal brings adds tremendous value to our proposition in Mendoza province.”

    Pragmatic Play currently produces up to eight online slot titles a month, while also delivering Live Casino, Virtual Sports and Bingo games as part of its multi-product portfolio, available through one single API. 

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  • BMM Testlabs showcased its regulatory expertise at SiGMA Asia | Yogonet International

    BMM Testlabs showcased its regulatory expertise at SiGMA Asia | Yogonet International

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    Gaming test lab and product certification consultancy BMM Testlabs has reflected on its successful participation at the SiGMA Asia tradeshow. The event was held earlier this month at the SMX Convention Centre in Manila, the Philippines.

    BMM Testlabs stated that it is proud to maintain its position as the “global market leader” in gaming product testing and certification, “offering unparalleled value to Asian and global customers.”

    Jeffrey Fong, VP Business Development, Asia, commented: “BMM is happy to report a surge in demand for our specialized expertise across Asia’s iGaming and land-based markets following the SiGMA Asia tradeshow. Our services in demand include certification testing, RNG and RTP evaluation, compliance consulting, cybersecurity services, VA/PT, and ISS/ISMS audits.”

    “Our team of experts at BMM remains focused on delivering top-notch services and guidance to help Asian content providers and operators expand into global regulated markets, including the United States, Europe, South Africa, and beyond.” 

    Yi Miin Heng, Client Services Manager, Asia, continued: “BMM has been committed to servicing Filipino gambling markets for over a decade. Our local presence and regional team support regulators and customers alike, ensuring compliance throughout regulated markets. We are proud to provide the best customer experience for on-time and in-budget certification, with solutions specific to the market.”

    “This is an exciting time, as the gambling industry in the Philippines is quickly emerging as a leading gaming hub in Asia for both online and land-based gaming. We are excited to see PAGCOR’s remote betting initiative, Philippine Inland Gaming Operator (PIGO), become a game-changing innovation for local licensing in the online market.” 

    BMM Testlabs describes itself as “the trusted testing laboratory for iGaming compliance services throughout Asia.” BMM’s understanding of the region’s technical compliance requirements, high-quality product testing, and dedicated customer support services “ensure customer confidence in their choice of testing laboratory.”

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  • IGT to expand sports betting footprint in Wisconsin by powering retail launch at three St. Croix casinos | Yogonet International

    IGT to expand sports betting footprint in Wisconsin by powering retail launch at three St. Croix casinos | Yogonet International

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    International Game Technology (IGT) has announced that the company will “soon” expand its sports betting footprint in Wisconsin, via a multi-year agreement with the St. Croix Chippewa Indians.

    Under the terms of the agreement, IGT PlaySports technology will power retail sports betting at the three St. Croix casino locations in Wisconsin, including Turtle Lake, Danbury, and Hertel. In addition, all three casinos will leverage IGT’s trading advisory services and deploy self-service IGT PlaySports QuickBet Kiosks.

    “Our agreement with IGT will enable us to wow our guests with localized betting offers and first-rate player experiences at our sportsbooks and grow excitement at The Book and the Red Zone,” said Loren Benjamin, St. Croix Casino General Manager. “Sports betting has ushered in new energy and visitation to our casinos, and we look forward to elevating and evolving that success with IGT’s proven technology and experienced team.”

    “As a trusted sports betting partner in Wisconsin and beyond, IGT PlaySports looks forward to helping St. Croix Casinos scale their player engagement and sportsbooks’ profitability with our technology and services,” said Joe Asher, IGT President of Sports Betting. “Through our proven PlaySports solution, IGT delivers on what today’s sports fans value most in a sportsbook: choice, convenience, and reliable and intuitive technology.”

    The deal follows the announcement earlier this month that IGT’s PlaySports technology is now powering retail sports betting at Palace Casino Resort in Biloxi, Mississippi. Guests now have the option to visit the Contact Sports and Race Book to place a range of pre-game and in-play wagers at the venue’s four walk-up betting windows.

    Patrons can also place their bets via the IGT PlaySports-powered sportsbook’s four self-service betting kiosks. Additionally, Palace Casino Resort is also leveraging the services and expertise of IGT PlaySports’ trading advisory team, the company announced.

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  • Gauselmann’s Bede Gaming appoints Dan Whiteley as new Chief Technology Officer | Yogonet International

    Gauselmann’s Bede Gaming appoints Dan Whiteley as new Chief Technology Officer | Yogonet International

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    iGaming software supplier Bede Gaming has announced the appointment of Dan Whiteley as its Chief Technology Officer. He brings over 25 years of experience to his new role at the company, which is a subsidiary of German giant Gauselmann Group since 2020. Whiteley’s appointment took effect on July 3, following the departure of Bede’s previous CTO, Andy Wardle, earlier this year.

    According to a press statement, Whiteley has experience in “complex technology solutions and digital products,” having previously held senior leadership positions at Jugo, CTS and global sports betting heavyweight Flutter.

    He specializes in setting an innovative technology vision and strategy for digital transformation, product engineering, architecture, IT service, security and operations, pointed out Bede Gaming.

    “I’m proud to become part of Bede’s journey,” commented Whiteley. “It’s a company with proven strength in engineering excellence, and the potential to build upon Bede’s current capabilities is an exciting prospect. I’m looking forward to working with the team to deliver cutting-edge technology for the iGaming market.”

    Whiteley’s experience in building high-performing and scalable solutions is expected to fortify Bede’s operations and performance “into the next level of its growth strategy.” The Gauselmann subsidiary currently boasts the handling of over £7 billion ($9 billion) in annual stakes through its platform.

    “We’re thrilled to welcome Dan to the team. As CTO, he will be pivotal in driving our technology strategy, collaborating with all teams across the business to ensure Bede is an industry leader in innovative and cutting-edge solutions,” said Colin Cole-Johnson, Bede’s Chief Executive Officer.

    “He will be an integral part of Bede operations, both internally and externally, and his extensive experience in technology leadership makes him an excellent fit for this role,” Cole-Johnson added.

    The new leadership appointment is the latest in a series of executive announcements by the software supplier, which named Cole-Johnson as CEO in March 2022 and recently appointed Kirsty Stewart as Chief Legal & Client Services Officer earlier this year.

    “The addition of Whiteley’s expertise to Bede’s Executive team is further testament to Bede’s commitment to its customers, through innovative technical solutions, strong commercial relationships and customer-focused products,” said the company in a statement.

    The Bede platform currently runs a live portfolio of five customer operators, including Ontario Lottery & Gaming Corporation, and is maintained by an international staff of more than 300 team members across three continents.

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  • NetEnt releases Megaways sequel of Wild Turkey, featuring 117,649 ways to win | Yogonet International

    NetEnt releases Megaways sequel of Wild Turkey, featuring 117,649 ways to win | Yogonet International

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    iGaming content supplier NetEnt has announced Wild Turkey Megaways, a medium to high volatility sequel to its Wild Turkey slot that features 117,649 ways to win. “Players can dive back into the world of tribal turkeys in an exciting sequel, bringing back the atmosphere of the original game complete with two exciting wilds and free spins,” said the company of its latest launch.

    Wild Turkey Megaways offers two wild features for players and a max win potential of 7,200x. During the randomly occurring Wild Turkey feature, entangling vines frame the middle reels, transforming high-paying symbols into Wild Turkeys. These special wilds substitute for all paying symbols, forming the longest winning combination on a single win way.

    The Scatter Wild also substitutes for all paying symbols, forming the longest winning combination on a win way. When 3 Scatter Wilds land on Reels 2-5 and fill the progress bar, players receive 10 Free Spins. The Wild Turkey feature may activate in this bonus round, too, complementing potential win ways. During Free Spins, when Scatter Wilds stack together, they create a full-reel symbol, which grants players 2 extra free spins.

    Nicholas Peters, Chief Business Development Officer Europe at Evolution, said: “The NetEnt team has enhanced the classic game with Big Time Gaming’s industry-changing Megaways mechanics to deliver the excitement of 117,649 win ways. With the two wild variations, the Wild Turkey feature and free spins, players can return to the jungle to explore the world of winged warriors with a max win potential of 7,200x.”

    The launch follows the release of another Megaways-enhanced sequel last month: The Wish Master Megaways. The title is billed as a “rejuvenation of the classic game, infusing nostalgia with Big Time Gaming’s industry-changing mechanics.”

    “As the familiar genie casts his magic on the reels, players can prepare for an enchanting entertainment experience, abundant features, and wins of up to 27,018x,” said the company of the title’s theme at the time.

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  • Hong Kong’s billionaire Cheng family reportedly taking control of Hoiana Casino Resort in Vietnam | Yogonet International

    Hong Kong’s billionaire Cheng family reportedly taking control of Hoiana Casino Resort in Vietnam | Yogonet International

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    Hong Kong’s billionaire Cheng family has assumed control of the Hoiana Casino Resort in Vietnam, formerly managed by jailed Macau junket boss Alvin Chau’s LET Group Holdings, according to insiders with knowledge of the matter.

    LET Group Holdings, previously a part of Alvin Chau’s business empire Suncity Group, is no longer involved in the management of Hoiana, situated near Da Nang, a Vietnamese port city. The Cheng family’s flagship investment firm, Chow Tai Fook Enterprises, has reportedly now taken over the resort’s operations, as per Bloomberg.

    The Hoiana resort, a joint venture between Chow Tai Fook, LET Group, and investment management firm VinaCapital, boasts 140 gaming tables, over 350 gambling machines, a golf course, and luxury hotels operating under the Cheng family’s New World and Rosewood brands. Furthermore, additional facilities are under construction to complete the resort, with an estimated investment of approximately US$4 billion.

    Chau’s Suncity Group was a key player in the Macau gaming industry, at one point the largest junket operator in the city. The company catered to high rollers from mainland China, offering exclusive privileges such as private jets, luxury suites, and gambling credits.

    However, the industry faced a severe downturn after Beijing implemented stricter regulations amid concerns about capital outflows and potential money laundering. Chau’s legal troubles culminated in his arrest in November 2021 for conducting illegal gaming activities. In 2023, he was sentenced to 18 years in prison in Macau.


    Former junket boss Alvin Chau

    As a consequence of the situation, Suncity Group Holdings, the listed unit of Chau’s empire, underwent a leadership change, with executive director Andrew Lo taking control and renaming the company to LET Group. 

    Chow Tai Fook’s move to take over Hoiana comes as several Macau junket operators seek new opportunities in Southeast Asia. Facing increased regulatory scrutiny and higher taxes at home, these operators view Vietnam as a promising market due to its more lenient regulations and the potential to share VIP revenue with casinos.

    While this model was abandoned in Macau, following China’s crackdown on the gaming industry, it could blossom in Vietnam. There, local residents are barred from entering most gambling facilities, resulting in casinos relying heavily on international high-rolling gamblers.

    In March, a notable Vietnamese junket operator, Let’s Win Group, held a grand opening event for its VIP club at Hoiana. The event attracted over 500 guests, including several high roller agents from Macau and their mainland Chinese clients, people familiar with the matter told Bloomberg.

    Beyond Vietnam, Chow Tai Fook has been expanding its casino ventures globally. The conglomerate is a key investor in Australian casino operator Star Entertainment Group. Together, they have been jointly developing a US$3.6 billion gambling resort in Brisbane in collaboration with another Hong Kong-based conglomerate, Far East Consortium International.

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  • PopOK Gaming wins Slots Provider of the Year at SiGMA Asia Awards 2023 | Yogonet International

    PopOK Gaming wins Slots Provider of the Year at SiGMA Asia Awards 2023 | Yogonet International

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    iGaming solutions provider PopOK Gaming has announced its victory at the SiGMA Asia Awards 2023, where the company was honored with the Slots Provider of the Year award. The awards took place within the framework of the SiGMA Asia expo, which run from July 19 to 22 at the SMX Center in Manilla, Philippines. 

    PopOK Gaming attributes the achievement to its “unwavering dedication to excellence” and its commitment to delivering “unparalleled gaming experiences to players worldwide.” Winning the Slots Provider of the Year award is a testament to the team’s continuous efforts “to push boundaries and innovate in the gaming industry,” says the supplier.

     “We are overjoyed to receive this esteemed award from SiGMA Asia,” said Mariam Avagyan, Marketing Manager at PopOK Gaming. “This recognition further motivates us to keep striving for greatness and to continue raising the bar in the gaming world. We owe this success to our passionate team and the unwavering support of our loyal players and partners.”

    “The Slots Provider of the Year award serves as a milestone for PopOK Gaming, inspiring them to explore new ideas and introduce innovative features in their games,” notes the provider. “The company is committed to building upon this achievement and remains steadfast in their mission to provide players with the best gaming experiences imaginable.”
     
    PopOK Gaming notes that a key in securing the award is that it has “continually demonstrated its dedication to creating games that captivate players and keep them entertained.” The team at PopOK Gaming further expressed its gratitude to SiGMA Asia Awards for the recognition and for organizing the event. They also extend their thanks to their players and partners for their constant support and trust, “which has been integral to their success.”

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  • SiGMA Asia debuts in Manila with focus on latest industry trends, East and West connections | Yogonet International

    SiGMA Asia debuts in Manila with focus on latest industry trends, East and West connections | Yogonet International

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    Gaming trade show SiGMA Asia kicked off on Wednesday in Manila, Philippines with its awards ceremony. The event, which runs until July 22, continues with its expo and conference today, with a focus on bridging the East and West.

    The debut edition, organized by SiGMA Group, focuses on the latest industry trends and solutions in the fields of both online gaming and land-based casinos. The event is being held at the SMX Convention Centre in Manila and is endorsed by regulator Philippine Amusement and Gaming Corp (PAGCOR).

    Emily Micallef, COO of SiGMA Group, in conversation with Macau Business described SiGMA Asia as a “melting pot of ideas, a hub for collaboration, and a catalyst for growth.” 

    The trade show boasts an expo space of 20,000 square meters and is expected to draw about 15,000 attendees. “SiGMA offers attendees a unique platform to showcase their products, foster innovation, and establish meaningful connections with some of the top thinkers, operators, affiliates, and suppliers,” Micallef said.

    She noted both B2B and B2C brands, as well as a number of land-based exhibitors, will be featured in the event, in addition to stakeholders in the online gaming segment. “The event brings the full spectrum of the industry together — from online to land-based — uniting multiple verticals, such as emerging tech, affiliation, and gaming, for plenty of cross-pollination opportunities,” Micallef added.

    This is the first time that SiGMA Group is hosting a trade show in the Philippines, following its SiGMA-branded events in Dubai and Malta. “There is a strong interest in Asia for iGaming and emerging technologies,” Micallef said about choosing Manila as the host of SiGMA Asia.

    “South-East Asia, especially Manila, has a vibrant entrepreneurial spirit, and there is growing value there, not just for companies seeking fresh opportunities in new jurisdictions but for the economic future of the region.”

    Emily Micallef, COO Events at Sigma Group

    She also noted that the projections point to significant growth for the Asian gaming sector over the next few years, with iGaming in particular on an upward trajectory, fueled by the rising accessibility of smartphones. “Emerging markets like India, Thailand, and Vietnam are certainly ones to watch. Sports betting has also gained traction and is expected to see a surge in growth by 2025,” Micallef said. 

    When compared with other gaming events organized by SiGMA, such as SiGMA Eurasia in Dubai, SiGMA Asia has a carefully curated audience that is specific and targeted at the Asian market. “We have a massive audience of European and American businesses looking not only to connect with Asian businesses but also to set up shop there. We are also always mindful of different regulatory landscapes, cultures, and languages – and approach each country differently,” SiGMA’s Micallef said. 

    “Attracting a fresh wave of visionaries to Asia’s leading gaming hub, the expo aims to strengthen connections, spark good ideas to life, and share knowledge. This coming together of East and West fuels the expansion of a thriving business ecosystem all set to make its mark on the global landscape.”

    Alejandro Tengco, Chairman and Chief Executive of PAGCOR, gave a keynote speech at a conference on July 20. The conference also features several panel sessions covering a variety of topics, including the outlook of major Asian jurisdictions with land-based casinos such as Macau, the Philippines, Singapore, and Malaysia.

    Other topics to be highlighted during the panels also include anti-money laundering practices, compliance, and data protection; tax implications of mergers and acquisitions in the online gaming sector; digital currencies and blockchain technology; and the metaverse, among others.

    SiGMA Asia will also focus on some of the latest trends in the online gaming segment, including the dominance of mobile gaming, the rise of esports, the integration of virtual reality (VR) and augmented reality (AR) technologies, the popularity of live casino gaming, and the emergence of blockchain and cryptocurrency applications.

    As for land-based casinos, the event will discuss topics such as the “comprehensive” entertainment experiences of integrated resorts, the need for responsible gaming practices, the use of data-driven personalization, the focus on environmental consciousness, and the importance of regulatory compliance, among others.

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  • EGT Digital to provide Ukraine betting site SlotsCity with its gaming titles | Yogonet International

    EGT Digital to provide Ukraine betting site SlotsCity with its gaming titles | Yogonet International

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    EGT Digital has announced a collaboration with Ukraine betting site SlotsCity, under which the Bulgarian provider is supplying its 70 titles to the brand. Among the highlights are Bell Link, High Cash, Clover Chance, and the 5 games with a Single Progressive Jackpot. Visitors of SlotsCity will also get access to the multiplayer xRide.

    “We are flattered that SlotsCity decided to trust us and integrated the whole gaming portfolio of our company,” commented Tsvetomira Drumeva, Head of Sales at EGT Digital.

    “Working with an established brand like theirs is an honor to us and I believe that we will make their casino even more attractive, and our content will become more popular among local players.”

    Stanislav Andrieiev, CMO at SlotsCity, also shared positive feedback about the partnership with EGT Digital: “We enriched the gaming choice of our clients with EGT Digital’s high-quality games because they offer great diversity in themes, high chances of winning, and last but not least, they have already proven themselves in a number of markets. Their performance so far has been very good and fully meets, even exceeds our expectations.”

    The new deal comes amid a busy month for EGT Digital, which has also recently partnered with Croatian online gaming operator PSK. The supplier’s portfolio is now gaining momentum among players in the country after the local brand added it to its site.

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  • Betfred to pay $4.2M over social responsibility, AML failures uncovered by the UKGC | Yogonet International

    Betfred to pay $4.2M over social responsibility, AML failures uncovered by the UKGC | Yogonet International

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    Betfred is set to pay £3.25 million ($4.25 million) for regulatory shortcomings after a UK Gambling Commission investigation revealed social responsibility and anti-money laundering failures. The renowned operator, which runs 1,750 betting shops, will pay the money as part of a settlement with the Commission. All $4.25 million of the settlement will go to socially responsible causes.

    Social responsibility failures uncovered by the UKGC included having insufficient controls in place to protect new customers and to monitor high-velocity spend and duration of play. This exposed the customers to the risk of substantial losses without safer gambling interaction, says the regulator.

    The investigation also found Betfred made assumptions that customers were not at risk of harm because they were winning customers. In one instance, the company failed to carry out any safer gambling interactions on one customer who staked £517,499 ($677,336) over a two-month period.

    Moreover, the Commission found “a lack of evidence of evaluation of the effectiveness of individual customer interactions” and a lack of record keeping which the UKGC says limited the effectiveness of future interactions.

    As for anti-money laundering failures, these included poor record keeping and financial alerts (thresholds) set too high. Betfred also failed to consistently obtain appropriate ‘know your customer’ identification and Source of Funds (SoF) documentation from its customers when its thresholds were met.

    According to the Commission, Betfred also placed “an undue reliance” on open-source information, when it should have taken “further steps” to corroborate customers’ SoF information.

    The social responsibility and AML failings occurred over various periods between January 2021 and December 2022.

    Kay Roberts, executive director of operations at the UK Gambling Commission, said: “In recent years there’s been a public focus on online gambling but this case illustrates how important it is for us to continue our drive to raise standards across the whole industry.

    “Gambling is a legitimate leisure activity enjoyed safely by millions but it is vital that every single operator – either online or offline – has in place effective safeguards to prevent harm or crime.”

    Betfred is the latest in a series of operators to reach a regulatory settlement with the Gambling Commission for social responsibility and AML failings. Last month, Videoslots agreed to pay £2 million ($2.6 million), while in March, William Hill was ordered to pay a record £19.2 million ($25.1 million). Moreover, earlier this month, Star Sports was fined £594,000 ($777,756) over social responsibility and AML failings. 

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  • 888 terminates discussions with FS Gaming amid UK Gambling Commission license review | Yogonet International

    888 terminates discussions with FS Gaming amid UK Gambling Commission license review | Yogonet International

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    Online gambling group 888 has decided to terminate discussions with FS Gaming following concerns raised by the UK Gambling Commission. A move that would have seen a number of appointments made to the gambling group’s board led the UKGC to warn 888 of a potential license suspension or revocation.

    FS Gaming recently acquired a 6.5% stake in 888, prompting a proposal for the appointment of key individuals to the gambling group’s board. The namings included Lee Feldman as Chair, Kenny Alexander as CEO, and Stephen Morana as CFO. Alexander’s placement as CEO would have occupied the seat since former boss Itai Pazner left in January.

    However, with each executive previously holding senior leadership positions at the now-rebranded Entain, 888 has been in communication with the UKGC in relation to the shareholding and proposal. The company has now decided to end talks to make Alexander its new boss, which it is hoped will make the odds of a license revocation or suspension extremely slim.

    “The board had no option but to terminate discussions as it simply could not put licenses in our largest market at significant risk,” said Lord Mendelsohn, Executive Chair of 888. Shares in 888 have now plunged as the gambling watchdog launched another review into the firm.

    Lord Mendelsohn, Executive Chair of 888

    The latest developments follow an announcement in May that the former GVC (now Entain) was facing an ongoing investigation by HM Revenue & Customs into its former Turkish business, which prompted further scrutiny.

    This led 888 to acknowledge the regulatory concerns and initiate discussions with the UKGC, which expressed its concerns about the shareholding and proposal, particularly during the time the key individuals proposed to the board held senior leadership positions at GVC.

    Following discussions with FS Gaming, 888 sought clarification on the potential connections to the HM Revenue & Customs investigation. However, the basic assurances provided were deemed insufficient by the company. As a result, the UKGC decided to initiate a review of 888’s operating licenses.

    “The group requested clarification from FS Gaming in relation to considerations expressed by the GBGC, but the most basic assurances that addressed these concerns were not forthcoming,” said 888 in a statement.

    “We will be fully cooperating with the GBGC’s Section 116 (2)(c)(ii) review, arising from potential issues with respect to FS Gaming’s investment and Proposal,” Lord Mendelsohn added.

    The review will evaluate potential breaches and the suitability of the operator and relevant connected persons. Possible outcomes of the license review include immediate suspension or revocation of licenses, imposition of additional conditions, or financial penalties. In response to the ongoing review and the potential risks it poses, 888’s board unanimously decided to terminate discussions with FS Gaming.

    The company stated that prospective appointments “have no reasonable prospect of being approved” and that any actions by FS Gaming to effect a change of corporate control would put the group’s licenses to operate in the UK at immediate and significant risk. According to industry analysts, it is hoped that with the termination of the proposed appointments, the chances of a license suspension or revocation are slim.

    888 emphasized its commitment to fully cooperate with the UKGC during the license review process, while also eyeing to appoint a new boss. “While this engagement temporarily interrupted the very thorough search process to appoint a new CEO, the board is finalizing its appointment and expects to make an announcement in the very near future,” Lord Mendelsohn added.

    The news of the termination of discussions with FS Gaming and the ongoing license review by the UKGC had a significant impact on 888’s share price. The company’s shares plunged by 25.2% as investors reacted to the potential risks and uncertainties surrounding its licenses in the UK market.

    Analysts have noted that losing its UK license would have dire consequences for 888, as the UK and Ireland contributed around 60% of the group’s EBITDA in the previous financial year. However, it is hoped that with the termination of the proposed appointments, the chances of a license suspension or revocation are slim.

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  • STS sees gaming revenue, total stakes up year-over-year in Q2 | Yogonet International

    STS sees gaming revenue, total stakes up year-over-year in Q2 | Yogonet International

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    From April to June this year, net gaming revenue (NGR) for STS Group increased by 26% Y-o-Y, from PLN 135 million ($34 million) to PLN 170 million ($42 million), the Polish sports betting company announced in a business update, which leaves out UK and Estonia operations.

    In the second quarter of 2023, STS S.A. generated a GGR of PLN 298 million ($75.1 million), compared to PLN 263 million a year before. This represents a year-on-year increase of 14%.

    Accordingly, the value of amounts staked in Q2 2023 in the STS S.A. – the main operating company in the STS Group – was PLN 1.10 billion ($277.4M) and was higher by 3% year on year, compared to the amount seen in the same period the previous year. 

    However, the quarter also saw new registrations down to 52,000, compared to 63,000 a year before. Further, the company noted that the number of players who made the first deposit was 35,000 from April to June this year, compared to 44,000 in the previous year; and that the number of active users in Q2 2023 was 301,000, compared to 348,000 in Q2 2022. 

    “The operating results for Q2 2023 confirm that STS is performing well in the Polish market. The potential of the domestic iGaming industry is high and STS is able to effectively exploit its market position. We hope to record the highest player activity in the last quarter of this year,” said Mateusz Juroszek, CEO of STS Holding. 

    In 2023, the group is implementing a number of activities aimed at increasing the profitability of its operations. To this end, the company reorganized its operations, focusing on Poland and closing its activities under licenses in the UK and Estonia. 

    The company’s update said that, cumulatively in H1 2023, the value of amounts staked for STS S.A. was PLN 2.296 billion ($579.1 million) compared to PLN 2.093 billion a year ago. Gross gaming revenue for the first half of the year was PLN 604 million ($152.3 million), up from PLN 542 million in H1 last year.

    However, in H1 2023, the number of new registrations for STS S.A. was 109,000, while a year ago it was 119,000. The number of players who made their first deposit in H1 2023 was down to 72,000, while in 2022 it was 79,000. The number of active customers over the first six months of 2023 was 410,000, while a year ago it was 447,000.

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  • Ireland’s Minister for Sport backs betting levy increase to boost domestic sports funding | Yogonet International

    Ireland’s Minister for Sport backs betting levy increase to boost domestic sports funding | Yogonet International

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    Ireland’s Minister for Sport, Catherine Martin, has expressed her support for a proposed 3% increase in the betting levy if the additional funds generated are utilized to bolster domestic sports projects. However, she also stated a rise in the levy would be a matter for the Minister for Finance.

    While Martin noted that money raised from the betting levy goes into the general exchequer funds, rather than being ringfences for particular purposes, she would support such a move. Speaking during a public gallery debate, Martin stated: “I would of course support any measures such as an increase in the betting levy, which could in turn feed to increase funding for sport more generally.”

    The suggested levy increase, originally put forth by the Labour Party, has garnered significant attention, with TD Aodhán Ó Ríordáin leading several public meetings on the topic. The proposed levy increase aims to channel additional revenue toward the funding of domestic facilities, primarily focusing on resources for football teams.

    Alongside this initiative, the Labour Party is calling for increased investment from the Irish Government, both in international and grassroots football. The Football Association of Ireland (FAI) is requesting €517 million ($569 million), or 60% of the total funding it is seeking for the years ahead, to be directly provided by the government. Another 20% is forecast to be covered by local authorities and the association would contribute the final 20%.

    Former Irish football players Niall Quinn, Paddy Mulligan, and Turlough O’Connor were present in the public gallery for the debate, highlighting the significance of the topic within the sports community.

    The debate also shed light on the challenges faced by clubs in accessing the current government sports capital grant program. Sinn Féin TD Chis Andrews raised concerns, stating: “Clubs need large savings to pay for projects upfront before they can draw down the grant.”

    He further highlighted the disparity, mentioning that a large number of football clubs and sports clubs, in general, lack their own grounds, making them ineligible for sports grants. Andrews emphasized that “seventy-three percent of Dublin’s football clubs don’t have their own facilities.“

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  • Colombia: Gaming & Technology Expo organizers share details of GAT Showcase Bogota | Yogonet International

    Colombia: Gaming & Technology Expo organizers share details of GAT Showcase Bogota | Yogonet International

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    The organizers of Gaming & Technology Expo 2023 (GAT Expo 2023) finally confirmed the details of the new edition of its GAT Showcase Bogota summit. On September 8, the main stakeholders in the gaming industry will meet at the Santafé Room of the Sheraton Hotel in the Colombian capital.

    The event will be attended by the sector’s main brands, which will be present in different categories. Pragmatic Play is Premium Sponsor, BetConstruct is Platinum Sponsor, Nuvei is Silver Sponsor and the list of exhibitors will include executives and clients from Novomatic Colombia, Interblock, IGT, BetConstruct, Win Systems, EGT, BYA Group, Spintec, Nuvei, and Inspired, among others.

    In addition, Colombia’s regulator (Coljuegos), as well as the Colombian Association of Gaming Operators (Asojuegos), Colombia’s trade association (Fecoljuegos), Colombia’s National Corporation of Gaming Entrepreneurs (Cornazar) and the Colombian Lottery Federation (Fedelco), who support and bet on legal gaming in the country, will also participate in the event.

    On this occasion, unlike previous editions, the exhibition will be open to the public in the morning, starting at 10:00 am, and extending until 6:00 pm (GMT-5). At first, according to José Aníbal Aguirre, CEO of GAT Expo, the announced date was September 7, but he clarified that from a commercial point of view, Friday 8 of the same month was considered a much more appropriate date.

    “We are fine-tuning the details of GAT Showcase Bogota to guarantee an in-person event that will close the sales of the industry in Colombia and Latam for the current year with the option of acquiring state-of-the-art technology that includes AI and multiple games to add to the portfolios of online casino, virtual games, eSports, sports betting and more”, Aguirre commented.

    “We are confident that we will have a full house and a very high rating in the quality of the services we will provide to our sponsors, exhibitors, and visitors,” the executive added.

    At the end of the event, the GAT Expo Cartagena 2024 will be launched, which will be held on April 9, 10, and 11 next year at the Las Americas Convention Center in Cartagena de Indias.

    “Regarding the launching of GAT Expo Cartagena 2024 in Bogota, within the framework of GAT Showcase, I am pleased to share that this is how we will begin the celebration of our 25 years of trajectory as organizers of events for the gaming industry. We are preparing an impressive production with projections, music, and videos that will allow the attendees to live moments of our history as promoters and integrators of the gaming sector in Latin America for five decades. The realization of an eSports tournament with the participation of renowned figures in show business and social networks will be a novelty in this networking”, Aguirre concluded.

    Tickets for GAT Showcase Bogotá can be purchased with a special discount until July 30 here.

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  • Penn Entertainment donates $75,000 to Reading Hospital in multi-year charitable commitment | Yogonet International

    Penn Entertainment donates $75,000 to Reading Hospital in multi-year charitable commitment | Yogonet International

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    Penn Entertainment announced Tuesday that it has committed $75,000 over five years to the Reading Hospital Foundation. The donation from the Penn Entertainment Foundation supports Street Medicine and Gwen’s Closet, two programs that are improving the quality of care provided to both patients and underserved communities in Berks County, Pennsylvania.

    “We are proud to partner with the Reading Hospital in support of these critically important programs to help those in need in our community,” said Eric Schippers, Senior Vice President of Public Affairs for Penn Entertainment and Chair of the Penn Entertainment Foundation.

    “Located in close proximity to our corporate headquarters, we appreciate and see firsthand the tremendous care and important services that Reading Hospital provides,” added the executive.

    The Street Medicine program uses a team approach to deliver primary and preventive care to the unsheltered, those living in homeless shelters, and those at high risk of experiencing homelessness.

    The goal is to proactively address health issues, decrease emergency department visits, reduce readmission rates, and reduce costs and increase adherence to care plans and medication plans. In fiscal year 2022, the Street Medicine Program provided a total of 1,861 patient visits.

    Gwen's Closet provides basic clothing items to Reading Hospital patients

    Gwen’s Closet provides basic clothing items to Reading Hospital patients, typically in the emergency or trauma department, in need of replacement clothing because theirs were damaged during their accident or injury.

    The vision of a Reading Hospital social worker, Gwen’s Closet ensures that all patients can leave the hospital “with dignity.” In fiscal year 2022, more than 3,000 clothing items were purchased for patients including sweatshirts, sweatpants, t-shirts, undergarments, and shoes.

    “We appreciate the support from The PENN Entertainment Foundation,” Reading Hospital Foundation president Katherine Thornton said. “The Street Medicine program and Gwen’s Closet provide care and services when our patients need us most and with their support we can ensure our team members are able to provide the assistance to our patients when and where they need it.”

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