Ladbrokes Revenue Fall Amidst Growth In Online Gambling
The company’s revenue in six months declined by 11 percent to £1.5 billion, and its gross profit fell 13 percent to £1.5 billion. The prolonged lockdowns closed land-based casinos and other gambling facilities. Betting shops were among the land-based gambling facilities forced to shut down in March because of the novel coronavirus. The closure caused […]
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Increase Internet gambling, Smartphone Penetration Boosts Global Online Gambling Market
MarketWatch.com’s research projected that the global online gambling market will grow into $94.37 billion by 2025, with a compound annual growth rate of 10.28 percent. The research claimed the increase in internet gamblers and smartphone penetration in the industry was among the contributors to the industry’s growth. The newly emerging industry poses a high potential […]
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Wynn Macau Ltd Establishes Wynn Care Foundation
The carter said Wynn Resorts SA, the Wynn Macau’s unit that holds its gaming rights, officially established the Wynn Care Foundation. Macau formally recognized the new foundation in July. Macau’s Official Gazette noted that Galaxy Entertainment Group Ltd was the first casino operator to establish a similar foundation in 2014. The publication also said other […]
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FansUnite, Askott Merger Creates Canada’s Leading iGaming Company
The novel coronavirus pandemic boosted online gambling’s influence. People can no longer visit the land-based casinos because of the lockdowns. The absence of land-based gambling facilities spread the influence of online gambling. Online gambling companies raced to fill the high demand for online gambling. Land-based casinos started partnerships with online gaming solutions provider to join […]
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Parimatch to Bid for Operating License Following the Legalized Gambling Industry of Ukraine
One of the global betting and technology firms, Parimatch is known to be the first bookmaker in the region of CIS that had quickly inclined towards the online betting platform. Now, the company has extended its reach globally to become a worldwide betting and software provider. By receiving the license, it will expand its supply […]
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Online Casinos Becomes The Trend In 2020
Large cities build casinos to boost their economy as it develops tourism and infrastructure. Casinos have catered entertainment needs of many places for decades. As the world turns digital, the gambling landscape has also changed. The rapid development in “the internet of all things” and “mobile gaming” drastically altered the gambling industry. People are shifting […]
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Casino’s Use Of Biometrics And AI-powered Identity Verification In Online Gambling
Social media and other platforms raised the risks of identity theft and other forms of digital crimes. Without proper identification and verification software, the risk of addiction and minor exploitation rises. Many online casino platforms have an underperforming customer identity validation system, which increases the subscriptions of underage gamblers. Criminals, such as money launderers, flooded […]
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Macau Partially Resumes Tourist Visas, Hopes For Gambling Industry’s Recovery
The prolonged travel restrictions from and to the country have caused massive damage to its casinos’ revenue, which dragged down its economy. Casinos in Macau shut down operations in mid-March because of the government’s battle against the novel coronavirus. Travel restrictions were imposed to prevent the spread of the novel coronavirus. The neighboring nations banned […]
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Impact, Legality Of India’s Online Gambling Industry
Currently, India has around 70 crore internet users, projected to reach 97 crores by 2025, in which the majority are mobile device users. The rapid development in the “internet of all things” and gaming technology caused a snowball effect on India’s online betting industry. Almost everyone has access to mobile devices, and gambling applications popped […]
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GrooveGaming Signs Deal With BetConnections
GrooveGraming is considered as a major aggregator when it comes to prominent brands in the business. Among the brands under its umbrella are iGP, Everyatrix, ProgressPlay, Microgaming, BetConstruct, Alea, and Quickfire. BetConnections is the company’s main pipeline into the Latin American market. A prominent player in the game BetConnections is also a major player in […]
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