Monthly Archives: February 2020

Spain’s online gambling market suffers slowdown in Q4

Spain’s online gambling market suffered a slowdown in the final quarter of 2019, as casino games were the only vertical to post year-on-year growth.

Figures released Friday by Spain’s Dirección General de Ordenación del Juego (DGOJ) regulatory body show Spanish-licensed online gambling operators generated revenue of €188.5m in Q4, a 2% decline from the final quarter of 2018 and a 3.2% decline from Q3 2019.

Sports betting revenue fell 10.2% year-on-year to €90m in Q4, while declines were also evident in poker (€20m, -4%) and bingo (€2.7m, -24%). Online casino revenue broke the downward trend, rising 11.7% to €72.3m while the minuscule but highly volatile ‘contests’ segment nearly quadrupled to €610k.

The sports vertical suffered mainly from a lack of interest, as betting turnover slipped 9% year-on-year to €1.85b, of which €1.13b was in-play wagering. In-play turnover was down nearly 22% year-on-year, while pre-match betting rose 23.6% to €663.3m.

Greece tells online gambling sites not to fear April Fool’s Day

Greece-facing online gambling operators won’t have to halt their business at the end of March, even if the country’s new licensing system won’t be ready by then.

On Wednesday, the Hellenic Gaming Commission (HGC) offered some assurance to the 24 holders of ‘temporary’ online gambling licenses that they won’t face any repercussions when those transitional licenses expire on March 31, provided they hand their paperwork in on time.

For years now, Greece has been trying to enact a new online gambling licensing regime to replace the botched system that issued those temp licenses nine years ago. Those approvals were almost immediately revoked in favor of a online betting monopoly for domestic operator OPAP, which meant a higher price when the government went looking to sell its one-third stake in OPAP.

Following a change in government, the new online licensing system was finally sent to the European Commission (EC) for approval. The standstill period is scheduled to end in April.

Nevada casinos’ mobile betting seriously lags New Jersey rivals

Nevada’s casinos started 2020 off with a billion-dollar month, while finally revealing how big a role mobile apps play in the state’s sports betting action.

Figures released Friday by the Nevada Gaming Control Board show statewide casino gaming revenue of $1.04b in January, a 5.5% gain on the same month last year but a modest decline from December 2019’s $1.06b.

The gains came largely due to a strong rebound in baccarat revenue, which had fallen more than one-quarter in December. January’s baccarat revenue hit $112.2m, up 17% year-on-year and over 47% higher than December, which helped push January’s overall ‘table, counter and card games’ segment up 12.1% to $365.7m.

Blackjack also had a solid month, rising 6.8% to $96.4m, while roulette was up 17.6% to $34.6m. Craps crapped out in January, falling 2.8% to $33.7m while the state’s poker rooms shot up 20.1% to $11.6m. Slots revenue enjoyed a modest 2.2% rise to $675.5m.

BetMGM Launches Sports Betting App in Indiana

Roar Digital, LLC – the joint venture between MGM Resorts International and GVC Holdings – announced today that BetMGM, a leading mobile sports betting app, is now accepting wagers throughout Indiana. BetMGM is entering Indiana through a market-access agreement with Boyd Gaming.

“Introducing BetMGM in Indiana is a significant development for Roar Digital and MGM Resorts,” said Scott Butera, President of Interactive Gaming for MGM Resorts. “Indiana has a rich history in professional and amateur sports and a strong fan base. We believe that the sports betting opportunities offered by BetMGM, and access to MGM’s world-class entertainment offerings and resorts, will be well-received.”

BetMGM offers unique product features, such as in-app, livestreamed sports events from around the world. In conjunction with today’s launch, Indiana bettors will enjoy promotions only available within Indiana, affording ample opportunity to bet on professional as well as collegiate sports through a variety of pre-match, in-play and player proposition wagers.

“We’re excited to launch BetMGM in a state as passionate about sports as Indiana is and look forward to seeing fans in the state take advantage of our unique in-app offers,” said Adam Greenblatt, Chief Executive Officer, Roar Digital. “Indiana marks an incredibly important expansion for us as we look to solidify our presence in the Midwest and continue to bring BetMGM to new states in the US.”

Indiana is BetMGM’s third U.S. market entry, following New Jersey and West Virginia.  Available for download on both iOS and Android and accessible via desktop, BetMGM leverages an exclusive betting engine that allows fans to place bets quickly and with ease. Sports bettors have access to a wide assortment of betting markets on BetMGM, including football, basketball, baseball, hockey, golf, soccer, tennis and combat sports.

Democratic primary odds: Sanders ready to win big on Super Tuesday

Just as quickly as the Democratic primary process started (thanks for nothing, Iowa), the next few days may help put an end to it all. U.S. Presidential candidates are anxiously looking forward to South Carolina’s results on February 29, and March 3’s Super Tuesday, when 14 states will cast their ballots. By the end of everything, over one third of delegates will have been cast, and based on current polls, we may have an overwhelming favorite. We’re taking a look at all the election odds Bodog has to offer.

South Carolina

After failing to win the first three contests, former Vice President Joe Biden is the heavy favorite to win South Carolina. An acceptable debate performance, combined with a torrent of attacks on Bernie Sanders, has seen him surge in the polls. Bodog has him at -1200, Sanders at +600, with all other candidates listed as long shots at +10000.

Democratic Drop outs

EPL Gameweek #28 Preview – Will United Come Unstuck Against the Toffees?

EPL Gameweek #28 Preview – Will United Come Unstuck Against the Toffees?

With just ten weeks of the English Premier League season after this weekend, some clubs are seeing the home straight in sight. That means a race for the Champions League places, or alternatively, a battle against the drop.

Who makes their football dreams come true and who suffers a bitter reality check is going to come down to fine margins, so we’ve looked at this weekend’s fixtures and picked three games which could have a big effect on the final few weeks of the season.

Norwich City vs. Leicester City (Friday, 8pm GMT kick-off)

Weekly gambling market review February 28

The U.S. market is collapsing at an all time record pace, but that’s no surprise to anyone who reads this column. Regional casino stocks are getting particularly smushed as expected. Global stock markets are following apace across the board. Covid-19 is still spreading globally, and Macau stocks are finally starting to respond negatively as well.

No-deal Brexit headlines are reappearing as Johnson threatens to walk away from talks in June, and British bookies are getting hammered. But Swedish gaming stocks that have already seen a serious decline like Betsson are holding up pretty well, having already been beaten down so badly. This week in the gaming markets, it’s starting to get wild, and this is far from over. We will begin in the United States, where it looks like something just hit a fan.

United States

We began last week’s market review with the following two sentences. “Stay out of the U.S. stock market. Momentum stocks are still climbing, which is almost embarrassing at this point.” Well, momentum up, momentum down. It’s a double-edged sword. Penn, Eldorado, Boyd all waaay down 20-30% this week. Momentum stocks in every sector are collapsing. The Nasdaq is falling faster than it ever has in the space of 8 trading days than at any time in its history. Is this finally the real deal? Have we begun the great unwind from 12 years of monetary splurging? Maybe. I’ll make a more definite call on that by June. Still unclear.

The speed and cost savings of Bitcoin SV, with Bitboss’ Matt Dickson

Bitcoin, now reborn as Bitcoin SV (BSV), isn’t just the best payment option for gambling operators, it’s also proving to be the best blockchain to handle data. Bitboss CEO Matt Dickson recently took the stage at CoinGeek London to demonstrate all the ways his company is already making blockchain integration a profitable endeavor for anyone offering gambling.

The Bitboss wallet is a great start. As Dickson demonstrated, a tightly integrated BSV wallet, that records transactions to the blockchain and talks to the backend, provides immediate benefits for all parties involved with a player’s action. And APIs are coming, so operators can start reaping the benefits soon.

Dickson used an example of a customer playing slots to show how the whole system works. A Bitboss slot smart contract watches the BSV Mempool in real time, and sees transactions broadcast to pick them up. It generates a transparent random number, which is then sent to the content provider. Once the end result is generated, a smart contract divvies out the payout to the affiliate, the player, the content creator, and Bitboss.

By using the BSV blockchain for the majority of data handling, content creators save a tremendous amount by not needing to run their own gaming servers, and the transparency of the BSV proves that everything is on the up and up.