iGaming Wrap-Up of CW 25-26 2024

MGM Resorts reach the final agreement with the acquisition of Tipico us Technological Platform, and this transaction is managed by Lovegas AB. Tipico us Technological Platform is integrated with Lovegas and contributes to the MGM plan that manages the "Prietary Sports Book specially designed in all international markets and all brands".

The acquisition is the second strategic investment of love gas in the development of a new MGM online gambling online, independent of the joint venture operated in the United States.

As a result of this transaction, Tipico Sports Rose, the leader of the Daha market, has changed its business in the United States, which has been operated in New Jersey and Colorado since 2020. In the first half of the auction, the CVC Partners, which owns Tipico, announced on the market that the US business is being considered as a candidate for the buyer.

LeoVegas reported that "the United States, Colombia, and Europe will acquire some of Tipico's US management, technology, and trading commands."

The acquisition of the US platform Tipico was led by Gustaf Hagman, the management director of LeoVegas. "

1. Google stops RMG distribution to playshops due to issues with regulatory authorities

Google has canceled the experiment to release a new type of real money game (RMG) in the play store.

Google announced in January that it would resolve and pay more RMG applications in the Play Store. The initiative was launched in India, Mexico and Brazil by the end of June 2024, and plans to expand to other countries in the future.

According to TechCrunch, Google is facing the issue of determining the types of games allowed in markets that are allowed in markets that do not have central institutions to maintain more kinds of RMG applications in the Play Store. Say.

Google's representative said, "It turned out that expanding the support of real money game applications in a market without a unified license system is more difficult than expected."

2. Report 75%growth of microstrats on SimpleBet

SimpleBet reported great growth during the NBA third season.

Throughout the NBA season, providers paid out around $325 million and around 13 million bets were placed across all NBA markets. This is an increase of around 75% compared to the previous season.

The main driver of this increase was the organization of the NBA playoffs this year, with 86 playoff games and a play-in.

A particularly high level of interaction was observed in the "next field goal" market, where users predict the next shot of a particular player.

Simplebet's success this season highlights the growing importance of in-play microbets.

Commenting on the results, Simplebet CEO Chris Bevilacqua said, "We are pleased to see increased fan engagement in this NBA season. Our passion for providing innovative in-play betting options allowed users to interact with the game in real time and predict the right impact of their favorite players on the hard court."

3. DraftKings Extortion Lawsuit: Spanky Claims Prosecutors Cheated Him Out of Winnings

Professional sports gambler Spanky said on X's website that prosecutors in the DraftKings extortion case did not return the profits due to him after his overall role in the gambling scheme.

Gadoun "Spanky" Kairolos, a prominent sports gambler, was named in court documents as a member of an extortion scheme involving sports betting giant DraftKings.

The document accuses DraftKings of leaking confidential information as part of a scheme that resulted in a masked man threatening the anonymous claimant's life and demanding $500, 000 from him.

In a statement to NEXT. io, DraftKings categorically denies these allegations, claiming that the suit is filled with inaccurate and unsubstantiated allegations.

After NEXT. io first published the allegations, the company's shares fell more than 5% to $38, wiping out nearly $1 billion in shareholder value.

4. Catena Media Revisions 2024 Earnings Guidance Due to Changes in Google Search Results

Catena Media has reduced its own monetary monitors for this quarter and delayed monitoring until 2024 due to changes in Google's organic search policy.

In a trading update, the catera said that the Google solution in May would reduce the effectiveness of some strategic media partnerships. According to the affiliate marketing group, which has led to management difficulties, this change will adversely affect the ranking of sports betting and casinos published by almost all major news media sites.

According to the catera, Google updates reduce interests and direct costs related to some media partnerships. As a more positive announcement, it is possible to show offset effects in the form of an increase in traffic and rankings in organic searches for several directly managed brands. Steve Radock said in early May about the negative effects of Google's change.

According to the catera, Google anticipates earnings in the second quarter of 2024 from 12. 5 million euros to 13. 5 million euros. At present, after adjustment, EBITDA will be 0, 5 to 15 million euros.

5. Sky City sold a GIG stock of $ 55 million.

Sky City has announced a contract to sell shares in the European online game platform, gaming innovation group (GIG).

New Zealand operators, which have advised "absolute transactions" to resell all promotions, states that 10 % of the shares have deducted brokerage fees and lawyer fees and then have the profits of about 55 million NZ dollars. Ta.

This is a greater profit compared to the $ 40 million dollar paid in April 2022, and its revenue is used to repay existing debt.

Skycity emphasized that trading with GIG is still valuable thanks to Malta's SkyCity online casino. However, these promotions are not part of the group's leading job, but as a result, "it was not necessary strategically."

6. Macau member asks the government to explain illegal mahjong gambling

The legislature (LA) Director Second Managing Committee called on the Macau government to "clearly define the scope of illegal gambling ban." < SPAN> Trading Updates stated that in May Google solutions would reduce the effectiveness of some strategic media partnerships. According to the affiliate marketing group, which has led to management difficulties, this change will adversely affect the ranking of sports betting and casinos published by almost all major news media sites.

According to the catera, Google updates reduce interests and direct costs related to some media partnerships. As a more positive announcement, it is possible to show offset effects in the form of an increase in traffic and rankings in organic searches for several directly managed brands. Steve Radock said in early May about the negative effects of Google's change.

According to the catera, Google anticipates earnings in the second quarter of 2024 from 12. 5 million euros to 13. 5 million euros. At present, after adjustment, EBITDA will be 0, 5 to 15 million euros.

5. Sky City sold a GIG stock of $ 55 million.

Sky City has announced a contract to sell shares in the European online game platform, gaming innovation group (GIG).

New Zealand operators, who have advised "absolute transactions" to resell all promotions, states that 10 % of the shares will have the profits of about 55 million NZ dollars after deducting brokerage fees and lawyer fees. Ta.

This is a greater profit compared to the $ 40 million dollar paid in April 2022, and its revenue is used to repay existing debt.

Skycity emphasized that trading with GIG is still valuable thanks to Malta's SkyCity online casino. However, these promotions are not part of the group's leading job, but as a result, "it was not necessary strategically."

6. Macau member asks the government to explain illegal mahjong gambling

The legislature (LA) Director Second Managing Committee called on the Macau government to "clearly define the scope of illegal gambling ban." In the trading update, the catera said that the Google solution in May would reduce the effectiveness of some strategic media partnerships. According to the affiliate marketing group, which has led to management difficulties, this change will adversely affect the ranking of sports betting and casinos published by almost all major news media sites.

According to the catera, Google updates reduce interests and direct costs related to some media partnerships. As a more positive announcement, it is possible to show offset effects in the form of an increase in traffic and rankings in organic searches for several directly managed brands. Steve Radock said in early May about the negative effects of Google's change.

According to the catera, Google anticipates earnings in the second quarter of 2024 from 12. 5 million euros to 13. 5 million euros. At present, after adjustment, EBITDA will be 0, 5 to 15 million euros.

5. Sky City sold a GIG stock of $ 55 million.

Sky City has announced a contract to sell shares in the European online game platform, gaming innovation group (GIG).