PlayUp Valued at $350 Million In SPAC Deal with IG Acquisition Corp
Australia-based sports betting operator PlayUp announced this week that it is going public in a SPAC deal valued at $350 million. PlayUp, whose app offers various products from sports betting to daily fantasy to casino games, is being acquired by IG Acquisition Corp (IGAC) following a strategic review. IGAC expects the transaction to close in […]
Gen Z Most Desired Group of US Online Casino Players, Less Profitable Than Gen X
One of the biggest struggles in the business world is between long- and short-term thinkers. Usually, quarterly results win out. Surprisingly, the industry many believe is all about immediate gratification — the US online casino vertical — appears to be filled with online gambling operators who are thinking about customer lifetime value (LTV). Evidence of […]
Twitch Policy Change Strikes a Blow to Illegal Cryptocasinos
Twitch has managed to build a well-known brand for itself. Some may know it as a platform on which popular gamers and esports competitors stream their play for an audience. Others may know it as the place to watch US National Women’s Soccer League matches online. Either way, chances are the majority of users don’t […]
Kindred Communicating With US Regulators About Norway Situation
Kindred Group has been given unequivocal instructions by the Norwegian gambling authority Lottstift to stop serving Norwegian players. Unless Kindred complies by October 10, Lottstift will begin fining the Stockholm-listed company the equivalent of about $120,000 daily. That adds up to $42 million annually, a figure Norwegian authorities estimate that Kindred earns yearly from those customers. […]
Indiana Online Casino Study Shows Revenue Could Reach $830 Million Annually
Indiana online casino revenue could reach $830 million by its third year of regulation, shows a study released today. However, even if the Indiana General Assembly legalizes iGaming at its next opportunity, that revenue figure can’t become a reality until 2026. That’s because the next chance lawmakers have to consider adding Indiana online casino to […]
Aristocrat Announces Acquisition of Online Slots Studio Roxor
Aristocrat Leisure is still making its foray into the real money online gambling space. But it’s no longer doing so all on its own. On September 26, the company announced that it will acquire real money slots developer Roxor Gaming. Roxor began its life as a division of casino software supplier Gamesys. It was founded by Noel Hayden, who was […]
Which State Will Join the Legal US Online Casino Ranks Next?
Which state will next add legal US online casino gambling? During the past four years, the rapid legalization and expansion of US online sports betting has been nothing but impressive. US online casinos, not so much. While sports betting was largely illegal for the last several decades, over 30 states and the District of Columbia […]
California Prop 26 Controversy is Reminiscent of Failed Attempts to Legalize Online Poker
On November 8, Californians will vote on two key ballot measures. Each of these seeks to legalize sports betting. However, they also have the potential to impact the broader gaming industry in the state. Proposition 26 would legalize sports betting at American Indian gaming casinos and licensed racetracks in the state. Proposition 27 would allow […]
Nevada to Bally’s: New Jersey Standards for Gray Markets Won’t Be Good Enough Here
Bally’s Corporation appeared before the Nevada Gaming Commission (NGC) at a meeting yesterday. It was seeking approval to formally take over operations at the Tropicana, which it purchased last year, and to add a racebook and sports pool. The commissioners granted their unanimous approval to the company. It became clear at the meeting that Bally’s plans extensive upgrades to the […]
Acres Cites Its Cashless Retail Slots Innovations in Plans for 2023 IPO
Cashless slots for retail casinos are a hot topic in the industry. More than 26,000 retail casino slot machines can already accept payments directly from mobile devices thanks to its Foundation tech, according to Acres Manufacturing. That tech is in such demand that Acres is considering whether 2023 could be an opportune moment for an […]
