The Arizona Department of Gaming (ADG) released a report on the state’s market performance for August. The report shows that legal sports betting handle increased the month before the start of the football season, recording an 11 percent rebound in comparison to July 2023, but also a slightly lower hold than the prior month.
$358 Million Betting Handle:
As reported by the ADG, sports betting operators accepted $358.8 million in bets during the month, which is 11% more than the July 2023 performance. Operators reportedly paid $327.1 million to players and kept $30.8 million in gross gaming revenues. Despite the higher handle than in July, operators kept less money in August to see a hold percentage of 8.6% against July’s 10.6% hold. The reason for a lower hold in the circumstances of a higher handle might be attributed to a higher amount won by players against increased operator costs to record the increased handle.
Lower Hold For Operators And State:
Following the recent strategic agreement with Caesars Digital, the innovative content and technology provider Evolution Gaming Group continues to expand its reach across the North American gaming market. After the company has secured a deal to supply iGaming solutions to the worldwide famous Caesars’ Tropicana Casino in New Jersey to mark Evolution’s third live casino in Atlantic City, the provider follows its strategy to now go live in Delaware through a content deal with a renowned B2B partner Rush Street Interactive.
Sixth US Market Launch:
The launch of the Evolution’s content in Delaware marks the sixth US state with the provider’s presence, which testifies about the Evolution’s commitment to reaching a wide gaming community in North America. The deal with Rush Street Interactive, facilitated through the supplier’s partnerships with the state operator Delaware Lottery, is set to bring the top-performing online slot games from the supp…
Florida-based Hard Rock International, which is operated by the Seminole Indian Tribe, has publicly announced it’s intention to close Las Vegas-based, The Mirage, renovate the entire three-wing hotel and casino, and invest billions in improving and making the property larger, starting in late 2023 or 2024.
Buying The Mirage:
After nearly four-hour auction, the Nevada Gaming Control Board, better known as Nevada’s regulator, recommended approval of the Hard Rock’s $1.08 billion acquisition of The Mirage from previous owners, MGM Resorts International.
However, BetMGM will continue to manage the property’s race and sportsbook.
Hard Rock CEO and President. James Allen, said: “I’m personally thrilled with the Control Board’s action and it’s certainly a great day for the Hard Rock entity, and we’re looking forward to taking the next step with the Nevada Gaming Commission.
“I think it…
The official Legend of Zelda: Tears of the Kingdom edition Nintendo Switch Pro Controller is available once again for right around retail price from Walmart’s online store. This is one of the few times we’ve seen the controller available for close to its original launch price this year–it’s $77, versus $75 MSRP–making this a great chance to pick one up if you missed out the first time. The controller is sold by a third-party seller but is shipped directly from Walmart, and all orders include free 30-day returns.
It’s hard to believe that Elden Ring’s launch–and the fervor that came with it–was a year ago, but Bandai Namco is celebrating the first anniversary of the game with an infographic revealing some of the first year’s most impressive statistics.
Elden Ring players have died more than 9 billion times according to Bandai Namco’s records, with 69% of those deaths coming from enemies or NPC. 15% of deaths were due to status effects, 14% from falling, and only 2% of player deaths were caused by other players.
Since its inception eight months ago, Maine’s newly legalized sports gambling market has quickly gained traction, although it’s still too soon to declare its long-term success guaranteed. The ongoing Olympic Games in Paris add another layer of complexity to this evolving market landscape.
Impressive early returns from sports betting:
Maine’s initial foray into sports betting, spanning from November through June 30, has yielded remarkable figures. According to the Department of Public Safety’s Gambling Control Unit, bettors have wagered a substantial $319.3 million through the state’s two authorized sportsbooks, resulting in $284.7 million in payouts. The peak betting period occurred in March, coinciding with numerous college basketball games, totaling a whopping $47.5 million in bets. Despite this high turnover, March saw the smallest tax contribution of the period at $270,000, as bettors turned out more suc…
While the week has just begun, it is already a busy one for Microgaming. The company announced yesterday that it has agreed to sell its Quickfire distribution business and portfolio of online gaming titles to Games Global Limited. On top of that, John Coleman, the CEO of the company, announced he is stepping down as of December 31, 2021. He will be replaced by COO Andrew Clucas.
Details of the Quickfire Divestiture
The sale of Quickfire is considered a landmark affair and should close by the second quarter of 2022. Based on the full terms of the agreement, Games Global will gain the international distribution rights to exclusive gaming content of Microgaming. The company will also take on the large customer base of the company, one that includes over 900 gaming brands that are based around the world.
