SiGMA Play now licensed in state of Pennsylvania

Katy Micallef 1 week ago
SiGMA Play now licensed in state of Pennsylvania

SiGMA Play has announced its latest licence acquisition. The B2C affiliate portal has been approved as a Gaming Service Provider in Pennsylvania by the Pennsylvania Gaming Control Board (PGCB) and is now authorised to provide services in that state. 

SiGMA already holds several licences across the US, including the states of New Jersey, Michigan, and West Virginia, and plans to obtain all pending licences over the coming weeks.

Commenting on the acquisition, Mex Emini, MD of SiGMA Play, said, “The acquisition marks another step forward towards building a robust presence in the North American market. As the go-to destination for everything iGaming we are committed to delivering an unparalleled gaming experience for Pennsylvania’s players. We look forward to announcing new licences over the coming weeks.”

The Pennsylvania Gaming Control Board (PGCB) sees revenue increase of 9% in July

The total gambling revenue for 2022-23 reached $5.51bn – an all-time high for the state, beating the previous record of $5.04bn set in 2021-22 by 10.0%. 

The combined total gaming revenue, including fantasy contests, for July 2023 amounted to $467,043,707. This figure reflects an 8.85% increase compared to the revenue generated in July 2022. 

In a message included alongside their 2021-2022 annual report, Executive Director Kevin O’Toole wrote, “The continued growth in the Pennsylvania gaming sector also propelled tax revenue to new heights breaking the $2 billion barrier for the first time. This was especially noteworthy after gaming operators struggled during the Covid crisis. The industry indeed has emerged from that period as strong as ever.”

PGCB regulates various sources of gaming revenue, such as slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). Pennsylvania was the fourth state in the US to legalise online casino games and online poker, and is home to 18 online casinos, including FanDuel Casino, DraftKings Casino, BetMGM, Unibet, Borgata, and Caesars Casino. The state also boasts14 land-based casinos and 12 online sportsbooks.

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Major Wins

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Why It Matters

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Strong Banking Connections

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Known brand

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Risk management

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Speed of Deposits

While foreign gaming operators who have or are moving into the newly-regulated Canadian gaming space will have an active player base in their current jurisdictions, the real challenge will be attracting new players in Canada. A key component that attracts new players to a gaming platform is quick payments. According to a TrueLayer report, “8 in 10 players said fast payouts are important when choosing an online gambling or betting provider.” Payments with INTERAC are both instant and guaranteed.

Protecting the Consumer

Consumer protection is the number one goal of iGaming Ontario. Through regulation, the provincial body hopes to achieve: 1. Regulatory outcomes that protect the public 2. Responsible Gambling — Ensuring Responsible Gambling is embedded in Operators' culture and players have the tools and support to gamble responsibly, including the option for self-exclusion. 3. Game Integrity — Ensuring games operate as designed and are fair to players. 4. Preventing infiltration of crime (including money laundering) — Ensuring criminal elements and activities are deterred and detected. 5. Preventing access to minors — Ensuring underage individuals are restricted from gambling. 6. Protection and security of personal information — Ensuring personal information is kept private.

Advertising and Messaging

The Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario also established important advertising and messaging requirements which helps consumers enjoy a safe and fun gaming experience. An important part of the AGCO’s Registrar’s Standards for Internet Gaming is advertising and marketing. The core principles of the AGCO’s responsible advertising standards can be broken down into three main categories: Protect individuals: Through responsible advertising, AGCO aims to work with operators in protecting individuals who are underage, at high risk, and have self-excluded themselves from online gambling. Stay truthful: iGaming operators must not misguide consumers through advertisements of their products or promotions. Offers cannot promote excessive play or require players to incur substantial losses. Restrict inducements: To tackle gambling-related problems, iGaming operators may only advertise inducements, bonuses, and credits on their websites. Connecting With iGaming Ontario: iGaming operators who have registered with the AGCO and want to begin offering gaming services in Ontario must also meet the specific requirements and conditions—which include responsible advertising—set by iGaming Ontario. iGaming Ontario’s marketing and advertising conditions can be broken down into four main categories: Association: To let players know they are on a regulated site, operators must display an iGaming Ontario logo on their website, social media platforms, and paid visual media produced for the Ontario market. Responsible gaming: iGaming operators moving into Ontario must also commit a portion of their gross gaming revenue generated in the province towards problem gambling prevention and responsible gaming campaigns. All advertising and marketing materials must include a responsible gambling message. Location: iGaming merchants must make the best commercial efforts to restrict marketing and advertising outside of Ontario. Direct marketing: To ensure any self-excluded or ineligible individuals in Ontario are not targeted, iGaming operators must dedicate sufficient tools in their direct marketing and advertising efforts. Looking Forward While the future is hard to predict, it is safe to assume that with Ontario’s iGaming market going live, it will encourage other provinces to launch their own iGaming markets. The launch of a regulated iGaming market not only brings economic benefits but also brings a better way for governments to protect the public. Through consumer protection and responsible gaming initiatives, Ontario has shown it will provide players with all the tools to enjoy their gaming in safe environments. Additionally, one of the most important factors that will help gaming operators better reach consumers will be innovative payment solutions. Teaming up with the right payment partner such as Paramount Commerce will benefit merchants through increased player acquisition, strong conversion rates, and low processing costs. Also, consumers will enjoy safe and swift transactions through Paramount Commerce’s bank account-based payment solutions. Merchants wanting a smooth expansion in Ontario’s iGaming market will need to ensure they satisfy provincial regulatory requirements, dedicate tools to protect consumers, and team up with payment partners that offer diverse payment solutions.   Join us for SiGMA Americas – Toronto: Toronto is the perfect hub for SiGMA’s growth in North America, making it a nexus of networking and business development in the region with regards to land-based gaming, eSports, iGaming, sports betting, and more. Playing host to a massive iGaming industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards. To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on [email protected].
Katy Micallef 1 year ago
OGL: a new network for legal online gaming operators in LatAm
Seeking to be part of a diverse network of online gaming providers and operators, 15 companies from five countries have already joined OGL - Online Gaming Latam The initiative, driven by some of the leading operators in Colombia, Peru, Argentina, Paraguay and Costa Rica, comes as a consequence of the sector’s evolution in the region, where new and existing regulated markets continue to grow; most recently, as a result of the closure of land- based venues due to the ongoing pandemic, and the newly enacted regulations in several jurisdictions across Latin America. (more…)
Content Team 3 years ago
Alfieri appointment as COO adds fire to Salsa expansion strategy
Salsa Technology has appointed industry specialist Alberto Alfieri as its Chief Operating Officer to add fuel to the company’s growth strategy

As COO, Alfieri is to consolidate Salsa Technology’s position at the forefront of the Latin American market, while simultaneously expanding its European activity. From his Southern Spain base, Alfieri will lead commercial projects, product development and a recruitment drive.

Content Team 3 years ago
Kentucky Derby has huge impact on Churchill Downs third-quarter results
Kentucky Derby boosts Churchill Downs third quarter by $28.4 million, when compared to 2019

The Kentucky Derby, or Run for the Roses event, helped Churchill Downs run up Wall Street-forecast, topping third-quarter results.

Content Team 3 years ago
Aspire Global’s BtoBet Signs Platform And Sportsbook Deal With William Hill In Colombia
Aspire Global’s Btobet has further expanded its position in Latin America through a partnership with William Hill in Colombia
BtoBet will provide the platform (PAM) and sportsbook to William Hill, one of the world’s leading sports betting and gaming operators. The agreement is a long-term deal and further strengthens Aspire Global’s leading position in Latin America and specifically in Colombia. Aspire Global’s BtoBet will provide its platform and cutting-edge sportsbook solution. Ulrik BengtssonBtoBet was acquired by Aspire Global in September and has established itself as the leading sportsbook provider in the country after the regulation of the Colombian market in 2016. By bolstering its presence in Colombia, Aspire Global and BtoBet have demonstrated its commitment to extending their footprint across global regulated markets. Tsachi MaimonUlrik Bengtsson, CEO of William Hill, said: “We are thrilled by this partnership and the opportunity to provide players in Colombia with a superior gaming experience. We always look for the best localised solutions and BtoBet are well placed in the Colombian betting market.” Tsachi Maimon, CEO of Aspire Global, said: “This agreement demonstrates the strength of our offering and services and paves the way for us to further expand into regulated markets across the world. The deal is proof of our ability to attract tier 1 operators and that we are in the position to compete for any deal, anywhere. Aspire Global is a true powerhouse for iGaming operators and the deal is another step in our aim to become the world’s leading iGaming supplier.”

About SiGMA Pitch:

Following a very successful run, the 5th edition of SiGMA Pitch is back for Spring 2021. Over 100 startups will be selected to showcase their products and initiatives throughout the event. Each startup will have a small booth at SiGMA surrounded by top investors and mentors. However, only the judges' top ten make it to the Pitch during the final leg of the Summit. Increase your chance of being one of the top 100 by providing a 3-minute video-introduction upon participation! Apply now.

Content Team 3 years ago
Casino sector in Peru await authorisation to resume activities
Casino sector in Peru is in stage 4 of the Peruvian economic reactivation plan and casinos are expected to reopen next month  Casino Sector has been facing a difficult moment since the establishments had to close down as measurements during the pandemic. Carlos Canales, president of the National Tourism Chamber (CANATUR), commented that August is the most expected month for the casino sector in Peru. He mentioned that together with bars, discos and markets, which are in the stage 4 of the Peruvian economic reactivation, casinos will also have to comply with the robust security protocols in order to reopen.  (more…)
Content Team 3 years ago
New Mexico casinos online sports betting proposal faces challenges
Stakeholders of New Mexico’s casinos are targeting a major gaming expansion that would permit online casino gaming and sport betting Should such a proposal fall through, it would make New Mexico the first western state to embrace mobile casino gaming. However, several political and logistical challenges lie ahead.   (more…)
Content Team 3 years ago
Playmaker buys Wedge for $31m to expand in U.S. affiliate space
Playmaker, a Canadian digital sports media company, has bought Wedge Traffic to boost its presence in the U.S. iGaming and affiliate market.  The company said that Wedge’s technical and affiliation expertise, combined with Playmaker’s ecosystem of highly engaged sports fans, will create significant value for online sportsbooks and casino operators that are vying to acquire and retain customers. Playmaker said that it has identified affiliation as a gap when it comes to partnering with iGaming operators.  “We have been very clear that creating a centre of excellence in affiliates was key to rounding out our offering as a leading sports media business,” said Jordan Gnat, Playmaker CEO. “We look to super-serve all of our partners, and Wedge allows us to better serve critical customer segments, sports betting and iGaming operators.” Playmaker payment split The transaction consists of a cash payment on closing of $8.5 million, together with the issue of 3,694,933 Playmaker shares. There is also a contingent consideration for $20.7 million, which consists of two separate earn-out payments.  Wedge is currently active in 16 states and in the province of Ontario. It has affiliate marketing relationships with 15 online sportsbooks and casinos. There are currently 21 US States, as well as the District of Columbia and the province of Ontario, Canada, with regulated mobile sports betting operational in North America. Additional States including Ohio, Maine, Maryland, and Massachusetts are on track to launch online sports betting activity in the near-term.  By 2026, the US sports betting and online casino market is projected to generate revenue of US $24 billion, an increase of 213 percent over 2021. Join us: 14 – 18 November 2022 MALTA Being one of the first European countries to regulate the gaming sector, Malta is a hub of global business. The island is an obvious choice for SiGMA’s presence in Europe and a strong foundation for the field’s future. With a plethora of prospects for both investors and entrepreneurs looking to shape the future of this multi-billion dollar business, Malta Week will bring together industry giants among the affiliates, operators, and suppliers of the gaming sector. Our networking activities, including the extra cultural excursions, dinners, and networking drinks are solely open to Premium and Platinum ticket holders. Choose your ticket type here. SiGMA – World Gaming Festival – SiGMA 2022: MFCC, Malta SiGMA World is a leading platform for igaming, betting & esports industries. With a well-earned reputation for networking events.  
Content Team 11 months ago
Stephen Crystal Visiting Peru, Chile And Argentina, July 16-29
Stephen Crystal, Founder and CEO of SCCG Management will be traveling through Peru, Chile and Argentina from July 16-29, 2022. This tour is to support the firm’s recent efforts to build our practice through Latin America. Helping support this effort is Rosa Ochoa, Director – Mexico and Latin America, who was brought onto the team earlier this year. SCCG Management believes there is significant value in these, and other key global gaming markets, and continues to build capability and outreach on behalf of our client partners. If you are interested in connecting with Stephen Crystal, please contact him directly at his contact information, below:


Mobile/WhatsApp: +1 702-427-9354 Email: [email protected] Social Media: May 17, 2022
Content Team 1 year ago
Downturn in US futures on fears over China chip restrictions
In early trading today, Nasdaq futures led the market decline following a report in The Wall Street Journal indicating that the Biden administration is contemplating a ban on the sale of artificial intelligence (AI) chips to China. This potential ban has caused a setback in the recent market rally. According to Deutsche Bank, the rebound has been curtailed due to concerns over the AI chip ban. The report suggests that even lower-end chips, which do not require an external export license, may be included in the ban going forward. As a result, shares of Nvidia, which generates 20 percent of its revenue from China, fell by 4.8 percent while Advanced Micro Devices dropped 3.6 percent. S&P 500 recoups nearly 50 percent Investors are also closely monitoring the European Central Bank (ECB) forum in Portugal, where Jerome Powell, the Chairman of the US Federal Reserve, is set to speak alongside the heads of the UK, eurozone, and Japanese central banks. The market will pay particular attention to any comments regarding the prospects of higher borrowing costs as central banks continue to grapple with persistent inflationary pressures. Despite these concerns, market research firm Fundstrat believes that recent market trends indicate further gains. The rebound seen on Tuesday, which brought the S&P 500 back to multi-day highs, is viewed as a positive development that halted the recent decline. Fundstrat noted that the S&P 500 managed to recoup nearly 50 percent of its previous pullback since mid-June highs, suggesting a potentially bullish outlook. Europe and Nikkei indexes rise Overseas indexes mostly rose, with Europe's Stoxx 600 gaining 0.5 percent and the Nikkei 225 in Asia rising by 2 percent. However, Chinese stocks were more subdued as fears of US AI chip restrictions dampened sentiment. The Shanghai Composite Index remained flat, while the Hang Seng edged up by 0.1 percent. In pre-market trading, AeroVironment's stock rose by 5.2 percent after the company reported a better-than-expected 40 percent increase in fourth-quarter revenue and issued guidance for the current fiscal year that surpassed Wall Street expectations. On the other hand, AST SpaceMobile's shares fell by 24 percent following the announcement of a sale of 12 million class A common shares. Micron Technology stock declines by 1.5% Micron Technology, scheduled to report quarterly earnings after the closing bell today, saw a decline of 1.5 percent in its stock price. Other chip makers, including Intel and Qualcomm, also traded lower. In other news, the US Food and Drug Administration rejected an application from Regeneron Pharmaceuticals for approval of a new, higher-dose version of its eye disease treatment Eylea, resulting in a 1 percent decline in the company's stock. Looking ahead, Astrotech received an unsolicited, non-binding proposal from BML Investment Partners to acquire the company for $17.25 per share, leading to a 7.7 percent increase in its shares. Dollar strengthens On the economic front, JPMorgan expects the second half of 2023 to see a continuation of tightening policies by most developed market central banks. However, differentiation across jurisdictions will emerge as the end of the tightening cycle approaches. The bank believes that resilient growth and persistent inflation will prevent an imminent recession. In the currency markets, the dollar strengthened slightly, building on its gains from the previous day following a set of stronger-than-expected economic data. UBS said that the dollar is "significantly overvalued" against several other relevant currencies but expects it to weaken in the coming months.   Related content: SiGMA Group launches new FX vertical Did you know that the SiGMA Forex Summit takes place in Cyprus in September?  
Lea Hogg 3 months ago
SCCG Management Announces Appointment of Nick Giangreco as VP of Marketing
Stephen Crystal, Founder and CEO of SCCG Management announced the appointment of Nick Giangreco as VP of Marketing. In this role, Giangreco will support brand and communications efforts on behalf of the firm and its client partners
“Nick Giangreco is an emerging talent in the sports gaming industry who founded the mobile app ‘CliquePicks’, a competitive social media platform that unites the interactive rivalry of fantasy leagues with the thrill of sports wagering. As the Founder and CEO of CliquePicks, he turned his vision into a reality by, investing his own capital in developing the app, coining the tagline ‘Make Every Game A Rivalry’, pitching venture capitalists and building a business model that fills a major gap in the sports wagering industry for the younger demographic”, said Crystal of Giangreco and his recent achievements in social media and product development.
In 2022, CliquePicks announced their strategic partnership with SCCG who serve as a business development strategic advisor, investor and partner. Giangreco graduated from University of Miami’s Herbert Business School in 2019, and In his early career has worked for a wide range of industry-leading companies such as Willis Towers Watson, Velocity Risk, and Development Specialists Inc., mastering spreadsheet analytics to protect profits and manage risks. Giangreco said of the appointment, “I am thrilled to be joining SCCG. For more than thirty years, Steve Crystal’s vision, innovation and success has propelled SCCG forward, creating a global powerhouse in the industry. Steve has put together a Dream Team of some of the most highly respected professionals anywhere. I am excited to work together with this team to accelerate SCCG’s brands forward, with an emphasis on capturing the next generation of players.”


SCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capital formation, M&A, joint ventures, casino management, and governmental and legal affairs for the casino and iGaming industry. SCCG Management celebrates 2022 as its 30th Anniversary of leadership and innovation for the gaming industry. SCCG Managment 2
Content Team 1 year ago
SkillOnNet continues LatAm focus with Ortiz Gaming deal
Provider’s highly popular video bingo games now available across the SkillOnNet network of casino brands as the operator continues its push into LatAm markets SkillOnNet, the award-winning operator and online casino platform with some of the biggest brands in the market, has added more quality video bingo content to its game portfolio after partnering with Ortiz Gaming as it continues its push in Latin America. The provider has established itself as one of the leading video bingo game developers and offers a portfolio packed with a wide range of titles covering various bingo formats and themes. Chart-topping titles include Beach Bingo, Roma Bingo and Goal Mania. The partnership with Ortiz Gaming comes as SkillOnNet continues to localise its game portfolio for Latin American markets and especially in Mexico where video bingo is hugely popular with players. The operator recently made its debut in the market with PlayUZU. Jani Kontturi - Head of Games at SkillOnNet, said: “We are making a big play in Latin America with our PlayUZU and BacanaPlay brands and this partnership with Ortiz Gaming forms part of wider efforts to localise our content offering for fast-growth markets such as Mexico. “Video bingo is hugely popular in these markets, so it is important for us to offer the widest range of quality video bingo content if we are to deliver the best player experience. Joining forces with Ortiz Gaming is testament to the efforts we are going to in order to do this.” [caption id="attachment_494196" align="alignright" width="171"]alejandro ortiz Alejandro Ortiz, Ortiz Gaming.[/caption] Alejandro Ortiz at Ortiz Gaming, added: “SkillOnNet powers some of the biggest online casino brands in Latin America and beyond, so to add our online and mobile bingo games to its impressive content portfolio is a major milestone for Ortiz Gaming. “Our games have been designed to take player engagement to new highs and they have proved to be incredibly popular with players in LatAm markets such as Mexico, and we now look forward to seeing players at SkillOnNet brands enjoy the fun and thrilling experience they offer.”   SiGMA 2022 :  After the exciting set of conferences that was Malta Week 2021, the SiGMA Group plans to take the world by storm with the golden steeples of Kiev and the snowy city of Toronto being hubs to draw the best and brightest of the iGaming world together. Our next expo takes us to cutting-edge metropoli of the United Arab Emirates for three days of networking, panel discussions and festivities. Stay up to date with the latest and greatest through SiGMA News.
Content Team 2 years ago
Zitro continues to strengthen
The Santa Cristina Hotel & Casino in the South American region of Uruguay has set its sights on the progressive global video slot provider Link King

Santa Cristina Hotel & Casino aims to bring trendy and exciting offerings to its premises with the notion of attracting more players to its casino.

Content Team 3 years ago
SiGMA Americas teams up with Global Gaming Women for Toronto networking event
SiGMA - the World’s Gaming Festival - has announced that it will partner with Global Gaming Women to host a networking reception during the upcoming SiGMA Americas expo in Toronto. [caption id="attachment_567177" align="alignright" width="300"]Cassie Stratford-Global Gaming Women Cassie Stratford, President, Global Gaming Women.[/caption] Generously sponsored by Neosurf and GeoComply, the event, which is free and open to all delegates attending SiGMA, as well as members of the Canadian Gaming Association holding SiGMA badges, will take place on the 6th of June, from 9.00PM to 10.30PM at one of Toronto’s  most popular eateries - Greek restaurant Petros82.  Global Gaming Women is pleased to partner with SiGMA, the World’s Gaming Festival, to host a networking event at the inaugural Americas Summit in Toronto. Having an international partnership with SiGMA strengthens our commitment to helping and supporting women across the globe. GGW is committed to bringing together women from all gaming segments to enrich their professional and personal lives,” said Cassie Stratford, President, Global Gaming Women. [caption id="attachment_470282" align="alignleft" width="180"]Nicole Fields-SiGMA Americas Nicole Fields, Vice President of Growth & Strategy at SiGMA Group.[/caption] The event is open to everyone with an interest in the global gaming and tech sector and in collaboration with Global Gaming Women gives attendees an opportunity to celebrate women in gaming and secure lasting connections with industry influencers and policy makers across the board. Interested in attending? Use discount code GGW100 when applying for your standard pass to SiGMA Americas. “GGW is an excellent resource for women in the industry and brings women from all corners of the world together to network. SiGMA is proud to collaborate with Global Gaming Women to host a networking event for both women and men during our inaugural SiGMA Americas Summit. We're glad to support GGW and this fun networking reception,” said Nicole Fields, Vice President of Growth & Strategy at SiGMA Group.   Join us for SiGMA Americas – Toronto: Toronto is the perfect hub for SiGMA’s growth in North America, making it a nexus of networking and business development in the region with regards to land-based gaming, eSports, iGaming, sports betting, and more. Playing host to a massive iGaming industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards.  To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on [email protected].
Katy Micallef 1 year ago
New sportsbook & online casino OLEbet successfully launched
BOSS. Gaming Solutions hits the ground running in LATAM with a fresh new brand

This summer, sports fans in Latin America have a fresh online destination where they can indulge their hobby with OLEbet - the new mobile sportsbook & casino that celebrates passion for the game!

Content Team 3 years ago
SCCG Management adds Matt Di Giorgio as Director of Talent Recruitment
SCCG Management Founder and CEO, Stephen Crystal, announced the addition of Matt Di Giorgio as Director of Talent Recruitment for the company Matt Di Giorgio has over 20 years of executive experience with a strong focus on Human Resources. He worked for Michael Page International as a top billing consultant and manager in his early career and more recently has become the 'go-to' search consultant for a number of established and new entrants to the broad gaming ecosystem. He also services some of the up-and-coming technology businesses in Silicon Valley. In this role, Di Giorgio will be leading the firm’s practice in the category of Gaming Talent Recruitment. In this role, Di Giorgio is primarily focused on executive searches at VP level and above, whether that be in the product, marketing, IT, finance or HR disciplines. He will oversee all projects personally, with the support of an established research team and all the latest candidate attraction tools and technologies.


SCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capital formation, M&A, joint ventures, casino management, and governmental and legal affairs for the casino and iGaming industry. SCCG Management celebrates 2022 as its 30th Anniversary of leadership and innovation for the gaming industry. Join us for SiGMA Americas – Toronto: Toronto is the perfect hub for SiGMA’s growth in North America, making it a nexus of networking and business development in the region with regards to land-based, iGaming, sports betting, and more. Playing host to a massive iGaming industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards. To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on [email protected].
Content Team 1 year ago
Canada set to move from monopoly to open market
The Canadian Government's 2020 budget includes new legislations to open up the gaming market 

A new legislation aiming to dislodge the current online gambling monopoly in the Canadian province is set to be introduced by the government of Ontario which will make way for private operators to enter the market.

Content Team 3 years ago
Entain sees record-breaking year for Formula 1 betting
Entain said it has seen a surge in popularity in betting on Formula 1 and expects to see a record-breaking year.  The group, which said the rise in popularity was helped by Netflix series Drive to Survive, said the total number of clients betting on F1 has jumped by 50 percent from 2018 to 2021.  It said the total number of bets on each season is up by 30 percent.  According to Entain, most customers betting on the races during the period were from the U.K., at 35 percent, followed by Brazil and Germany at 17 percent.  The group said with four races yet to go in the 2022 season, it has seen a gain of 18 percent in the number of clients betting, with a 121 percent increase for the The British Grand Prix held in July.   According to Formula 1, it was the fastest-growing major sports league in terms of follower growth in 2021. Followers on social media platforms increased 40 percent to 49.1 million, with video views up 50 per cent to 7 billion and total engagement up 74 per cent to 1.5 billion. Netflix drives interest “Our customers are finding Formula 1 an increasingly exciting sport to participate in – numbers are growing year on year, in line with the popularity of the sport,” Dom Grounsell, chief commercial officer at Entain, said. “ This has no doubt been helped by the hugely successful Netflix Formula 1 Drive to Survive series.” The U.K-based company also put out a 3Q22 trading statement on Thursday, Entain said that net gaming revenue overall was up 2 percent, though was flat in constant currency terms. Online NGR was up 1 percent, while retail NGR grew 10 percent. The company said its BetMGM venture in the U.S. now has a 23 percent market share and the group is on track for full year NGR of more than $1.3 billion. It said it expects to reach sustainable positive EBITDA next year.  "Our business continues to perform well with good underlying momentum across the group, including in BetMGM,” CEO Jette Nygaard-Andersen said. “This illustrates the effectiveness of our growth strategy, the unique capabilities of the Entain platform, and the underlying strength of our diversified global business.   “We have healthy momentum across the business and look forward to a strong finish to the year which includes the World Cup.  Looking ahead, we remain vigilant of the economic backdrop. However, our diversified revenue base and robust business model enable us to remain confident in our ability to deliver on our growth and sustainability strategy." THE 300 SPARTANS: After triumphing in key locations across Asia and Europe, AGS is flying 300 top affiliates to Malta, for an all inclusive deluxe trip. The event will happen alongside SiGMA, 14-18th November, during SiGMA Europe. Read more about the 300 Spartans here.    
Content Team 12 months ago
New York State set to legalise online gambling
The State of New York is moving towards legalising online gambling. It will expand land based gambling by offering online gaming in the state. This will keep pace and catch up with the developments in the gaming sector in other nearby states such as New Jersey and Pennsylvania that already have online casinos. Currently more than 30 states have legalized some form of sports betting. The proposed new bill has been filed in Albany and it will legislate online casinos. The amendments will not change the state constitution. Online table games such as blackjack and casino slots will be allowed once the bill becomes law. The New York state constitution announced that it will provide “betting by virtual or electronic means” adding that the legislature will “declare an interactive gaming wager that is made through virtual or electronic means from a location within New York state and is transmitted to and accepted by electronic equipment located at a licensed gaming facility." Online poker will be available In addition to the online casino proposal, a separate measure will be proposed to legalise online poker. Online sports betting has been booming in New York and so far has provided more than US$900 million windfall for state coffers. Regulators are expected to approve the most popular games such as blackjack and roulette as well as poker. New York is the nation’s largest mobile sports betting market, generating more than US$16 billion in the state’s first 12 months with legal online wagering. Once the new proposals are rolled out, the state of New York is expected to be the highest grossing iGaming market. Currently the Canadian jurisdiction of Ontario reports the highest revenues in the sector. Nine online sportsbooks in state of New York The proposed bill will allow 14 mobile sites. Three casinos are also expected to be granted a licence this year. The State of New York currently operates nine online sportsbooks.  The US market leaders in the sector are FanDuel, DraftKings, BetMGM and Caesars which combined have more than 80 percent of the market share. Online casinos have higher margins for operators and tax revenues for the state than sportsbook. New York sportsbooks pay 51 percent of their gross gaming revenue (GGR) in taxes, the highest rate of any competitive sports betting market in the country, and are not allowed to apply tax deductions for advertising and other expenses incurred. The new bill would tax online casino gaming operators 25 percent of GGR. A number of land based casino operators are opposing the new legislation. The bill is set to be heard in the company weeks. Some resistance from land based operators Online table games and slots are more difficult to legalize politically over fears in part that it will spur gambling addiction. Some brick-and-mortar casino operators have opposed these games as well over fears it would cannibalize revenues, but studies and revenue results from legal markets have shown these games are attracting younger customers and serve as a compliment to retail casinos. In New York, the bill is set for a hearing in the coming weeks in the state assembly’s Racing and Wagering Committee. It will likely advance out of the committee, but it will likely face more pushback in the full Assembly and should it make it that far, the full Senate.
Lea Hogg 8 months ago
SkillOnNet rolls out Wazdan content in Ontario
Three months after receiving Ontario license, SkillOnNet adds even more quality content to its huge portfolio of games SkillOnNet, the award-winning operator and online casino platform of some of the world’s biggest brands, has added popular games developer Wazdan to its expansive game portfolio for the Ontario market and can now also be found on player favourites such as PlayOJO. Wazdan secured an Ontario supplier license back in May, which means it can now make its games available to players in a territory which is shaping up to be one of the most exciting newly regulated markets. For SkillOnNet this means that popular games such as Sizzling Moon™, Dwarves Fortune™ and 9 Burning Dragons are now available at world renowned brands live in Ontario like, Slots Magic, SpinGenie, KnightSlots and the award winning PlayOJO. Jani Kontturi, Head of Games at SkillOnNet, said: “We’ve worked with Wazdan across all our brands in multiple regulated markets for more than two years now and their games have proven extremely popular with players around the world. “We are now very excited to introduce them to our Ontario audience and I’m very confident that they will be just as popular.” Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “We are passionate about designing and developing slots that capture the player’s imagination and that deliver a fun and thrilling experience with each spin. “We are always looking to expand our international reach and have identified Ontario as being a market of great potential, therefore building our presence via our partnership with SkillOnNet is a significant moment for us.” Do you have what it takes to win up to €500,000 in equity investment? Following a very successful run, the next edition of SiGMA Pitch returns for another round at Malta Week Over 100 start-ups will be selected to showcase their products and initiatives throughout the event. The judges’ top ten will stand to compete for a valuable equity investment. For more information, please contact Emily.
Maria Debrincat 1 year ago
Yahoo bolsters fantasy sports position with Wagr acquisition
Yahoo, the American multinational technology company, has recently acquired Wagr, a social sports betting start-up located in Nashville. Although the details of the acquisition have not been disclosed, it is believed that Yahoo, now owned by Apollo, made the purchase to expand its position in the fantasy sports market. Yahoo’s acquisition of Wagr Wagr, which was founded three years ago, allows sports fans to bet alongside their peers. The platform incorporates a variety of features, including leaderboards, challenges, and smack talk tools to enhance the social experience. The start-up received considerable funding, with investors including New York-based VC firm Greycroft, Seven Seven Six owned by Alexis Ohanian, Justin Mateen, co-founder of Tinder, and Kraft Group, the owner of the New England Patriots. Yahoo already has a significant presence in the US fantasy sports market, competing with well-known brands such as ESPN and DraftKings. By incorporating Wagr into its business, Yahoo hopes to accelerate its "vision to create and deliver the most compelling fantasy and gaming products" while promoting camaraderie among friends. TechCrunch, whose parent company is Yahoo, covered Wagr at its inception in 2020, demonstrating the start-up's potential early on.
While we know our fantasy leagues increase fan engagement and give people something to root for, the real value is in keeping friend groups together through competition and camaraderie around the sports they love. Acquiring Wagr creates an immediate opportunity for us to expand into new group formats that can take engagement and friendly competition to the next level - Jon Shaw, Yahoo Sports SVP
In the wake of Yahoo's announcement of laying off 20% of its workforce from its ad tech business, the acquisition has now been closed, and Wagr will be fully integrated into Yahoo Sports, ceasing to exist as a standalone entity. According to Yahoo CEO Jim Lanzone, the layoffs were a strategic move to strengthen the company's unprofitable Yahoo for Business advertising unit, rather than being a direct result of the economic downturn. The acquisition of Wagr by Yahoo marks a significant step towards enhancing Yahoo's presence in the sports betting and fantasy sports industry. Revolutionising iGaming in LatAm Join industry experts and thought leaders at the SiGMA Americas Summit to discover the latest trends and innovations that are transforming the iGaming industry's future in the Americas. Taking place in São Paulo, Brazil in June, this summit provides a unique platform for networking with like-minded professionals from the region.
Content Team 5 months ago
Jay-Z’s Roc Nation joins Caesars, SL Green in Times Sq. bid
Jay-Z’s Roc Nation said it will join Caesars Entertainment and SL Green in a bid for a casino license in New York’s Times Square.  The partners have said that Caesars Palace Times Square has the potential to attract 7 million new visitors to the zone and create billions in economic benefits to Broadway and the local community. Roc Nation is a full-service entertainment agency.  “New York is a beacon, the epicenter of culture. We have the opportunity to create a destination at the heart of Times Square, the true crossroads of the world,” said Shawn “JAY-Z” Carter in a statement. “My partnership with SL Green and Caesars, this coalition, has all the promise and commitment to economic opportunity, growth and enrichment for the community, and everyone who visits the Empire State.” Caesars announced it had tied up with property developer SL Green for a tilt at the New York license in October. It gave no financial details for the development, which will also include a Broadway Theater for The Lion King.  The New York Gaming Commission appointed  the first three members of the Gaming Facility Location Board, which will oversee the process for the three casino licenses in the downstate region in October..  Each license will cost at least $500 million and competition is expected to be tough. Wynn Resorts, Bally’s, Las Vegas Sands, MGM Resorts and Genting are all in the running.  While last month, Saratoga Casino Holdings pledged a $3 billion investment in the Coney Island district, saying it would help to rejuvenate the area by providing all-year-round entertainment.  
Content Team 10 months ago