Las Vegas Sands has announced its intention to pursue a casino license in New York for a site on Long Island. The casino company revealed its intentions on Thursday to develop a multi-billion dollar flagship casino, entertainment, and hospitality project in the state.
already agreed to take a long-term lease on a site
The company has already agreed to take a long-term lease on a site that currently houses the Nassau Veterans Memorial Coliseum. While certain approvals are still necessary, the lease agreement would see Las Vegas Sands have control of up to 80 acres in Nassau County.
The proposed casino resort would contain both four-star and five-star hotel rooms, a world-class live performance venue, as well as many different types of hospitality offerings. Las Vegas Sands hopes to work closely with the local communities of Long Island to agree on a development plan and a bid that would help to enhance the region and the lives of the people who live in it.
Working hand in hand with the local community
Speaking about the potential for a Long Island casino resort, Las Vegas Sands chairman and CEO chairman Robert Goldstein said: “….we strongly believe Long Island can be home to one of the region’s great entertainment and hospitality developments.”
He pointed toward the casino company’s experience of working closely with communities to maximize economic benefits from these types of projects.
Goldstein noted that Thursday’s announcement is the first step in the process, with Las Vegas Sands planning to deliver a competitive and compelling proposal. If a casino resort ultimately comes to Long Island, the local community could benefit from tens of millions worth of tax revenue each year. Such a project would also create a large number of temporary and permanent jobs.
Stiff competition for licenses
Las Vegas Sands will be facing stiff opposition in its attempt to get one of up to three New York City full-service commercial casino licenses. Many other notable casino companies also have an interest in getting one of these coveted licenses, including Wynn Resorts, Caesars Entertainment, and MGM Resorts International. Some of the other sites proposed for an New York City casino resort include Times Square, Hudson Yards, and close to the New York Mets’ Citi Field.
license fees themselves costing at least $500m
The New York State Gaming Commission recently announced the beginning of the application process for the three licenses. An application fee of $1m will be required from interested parties, with the licenses themselves costing at least $500m. The hope is that the successful applicants will be known by the end of 2023.
The post Las Vegas Sands Announces Plan to Get New York Casino License for Long Island Site appeared first on VegasSlotsOnline News.
The partnership marks another cornerstone achievement in Play’n GO’s international expansion efforts. The developer gathered substantial momentum in 2022 and strengthening its position in another critical market marks a great start to the new year. Play’n GO and Kindred expand on a long history of successful cooperation, expressing their intention to retain their close ties in the future.
The Developer Starts the Year in a Stellar Position
Play’n GO is riding in the wake of an immensely successful 2022. The Sweden-based slot developer shared its vision to become “the best gaming entertainment supplier there is” and is actively working towards that goal. Play’n GO’s distinct style grabbed the attention of many operators, aiding the developer’s ambitious expansion efforts and opening the way into several new jurisdictions.
Last year saw the company release new titles almost monthly, significantly expanding its acclaimed portfolio. The consistent release schedule helped Play’n GO to prove its merits and conclude several high-profile partnerships. The company strengthened its position in core European markets like Italy and enjoyed stellar progress overseas, reaching a significant milestone in North America.
July marked the developer’s first entry into the US market as it received a B2B license in Michigan, followed by a successful launch in New Jersey with BetMGM. The breakthrough marked the culmination of Play’n GO’s growth ambitions, making 2022 an extremely successful year. However, the company still maintains considerable momentum and has scored another high-profile victory.
The UK Remains a Vital Strategic Market
A deal with Kindred-owned brand 32Red extends Play’n GO’s reach in the coveted UK market. The two companies have a rich history of cooperation in Europe, laying the groundwork for this most recent agreement. Play’n GO UK regional director Anna Mackney expressed excitement to work with a leading operator, pledging to deliver the company’s signature quality products.
This is a strategic partnership between two forward-thinking and customer-focused businesses.
Anna Mackney, Play’n GO UK regional director
32Red fans will be able to enjoy the developer’s flagship games like Book of Dead and region-tailored titles like MegaDon, Boat Bonanza, and Shamrock Miner. Play’n GO is active in more than 25 regulated jurisdictions, providing the necessary experience to ensure a smooth launch. 32Red commercial operations manager Adam Newnham shared that sentiment, expressing faith in Play’n GO’s history of success.
With an exciting pipeline of content lined up for the coming months, we’re looking forward to providing more of the best Play’n GO content to 32Red’s customers.
Adam Newnham, 32Red commercial operations manager
As Play’n GO kicks off 2023 with a bang, it rides on a series of high-profile victories. However, the uncertain global economic situation and rising inflation may hamper the company’s ambitions. Even so, Play’n GO has largely cemented its place as a leading worldwide developer and will likely continue to ride its wave of success for some time.
The Potomac Winter Poker Open (PWPO) is returning to MGM National Harbor in Maryland next month and will consist of more than a dozen No-Limit Hold’em and mixed game events with over $1 million in guarantees as it runs Jan. 25-Feb. 6.
The PPO festival will feature plenty of big guarantees, including a $400 buy-in opening Mystery Bounty with a $500,000 guarantee and the later $2,700 buy-in Main Event that will also have at least $500,000 up for grabs.
Learn more about poker in Maryland here!
Plenty of Mixed Games
The opening event will feature six starting flights and will be sure to attract a massive field given the low buy-in and huge guarantee. After four days of starting flights, Day 2 of the Mystery Bounty event will play out Jan. 29.
Also on Jan. 29, a single-day $400 buy-in event with a $50,000 guarantee will play out alongside a $300 Seniors event and a $400 Pot-Limit 5 Card Omaha High event. That’s not the only non-No-Limit Hold’em attraction as the series will also feature a $1,200 5-Card PLO Championship and a $400 NLHE/4-Card PLO Mix event.
Championship Poker returning to @MGMNH_Poker @MGMNatlHarbor Jan 25-Feb 6, 2023 https://t.co/22m6pPkV2U
— MGM National Harbor Poker (@MGMNH_Poker)
Other interesting events to look out for include the $400 Super Turbo Black Chip Bounty event, the $300 Cakes Classic Bounty and the $200 Rookies Event.
The primary draw of the PWPO festival, the $500,000 guaranteed Main Event, will get underway on Feb. 3 and will feature two starting flights as players begin with a stack of 50,000 chips. Day 2 of the Main Event will play out on Feb. 5 and the final table will play to a winner on Feb. 6.
History of the PPO
Back in 2017, the PPO Event #1: $580 NLH saw Louie Pak navigate a 966-entry field to win the title for $90,750. In the $2,700 Main Event, David Israelite topped a 234-entry field to win a $175,500 top prize. Others to claim titles that year were James Gilbert, Jane Hitchcock, and Sergio Roque, who claimed two side event titles that year.
The next year, Mitchell Engle topped a 1,418-entry field to win the PPO Event #1: $365 NLH for $73,984, while Carlos Chadha Villamarin bested a 264-entry field to win the $2,700 Main Event for $163,350. Other winners from the 2018 PPO included John Letos, Kyle Carter, and Andrew Kim.
More recently, Matthew Sesso took down the 2020 Potomac Winter Poker Open $3,000 Main Event for $189,965 after defeating WSOP Main Event champion Joe McKeehen (who recently finished third in theBorgata $5,300 The Return for $440,327).
Matthew Sesso
2020 Potomac Winter Poker Open $3,000 Main Event Final Table Results
Place
Player
Country
Prize
1
Matthew Sesso
United States
$189,965
2
Joe McKeehen
United States
$115,698
3
Ulises Roman
United States
$84,038
4
Glenn Chernigoff
United States
$64,885
5
Alison Leslie
United States
$46,905
6
Jeromy Bittan
United States
$35,179
7
David Olshan
United States
$27,361
8
Jeff Esterling
United States
$21,498
9
Galen Hall
United States
$15,635
In addition to the more than a dozen tournaments running throughout the PWPO, the festival will also feature satellites to give players a shot at getting in the Main Event for $200 or $600.
The full schedule for the upcoming 2023 Potomac Winter Poker Open is available in the table below.
ITIA revealed Wednesday it imposed regulatory sanctions against Mohamed Hassan and Houria Boukholda, two professional tennis players from Algeria.
Mohamed Hassan Receives Lifetime Ban from ITIA
The integrity watchdog explained that the sanctions come after an investigation uncovered multiple match-fixing offenses by each of the players. Consequently, the Agency imposed a lifetime ban from the sport against Hassan. Besides the ban, the tennis player was fined $12,100 over the match-fixing breaches which were uncovered.
According to ITIA, the offenses of the 27-year-old Hassan date back to 2016 and 2018. For that period, the agency said, the tennis player breached the Tennis Anti-Corruption Program (TACP) more than two dozen times. Consequently, ITIA found him guilty of 29 offenses within a total of seven matches.
ITIA Banned Houria Boukholda for Two Years
On the other hand, Boukholda was banned from the sport by ITIA for a period of two years with 18 months suspended. Similar to Hassan, Boukholda faced a fine of $10,000 (with $9,000 suspended). Within its investigation, ITIA uncovered that the 20-year-old Boukholda breached the TACP rules for five games between 2017 and 2018.
Overall, he was found guilty of 15 offenses of the TACP rules. The probe uncovered that due to Boukholda’s age, he was influenced by Hassan and this is why he received “a more lenient sanction.”
The sanctions issued by ITIA restrict the players from participating in any event sanctioned by the governing bodies of tennis for the period of the penalty, or in this case only Boukholda, as Hassan has been completely removed from the sport and any future participation. In addition, both Hassan and Boukholda are prohibited from attending such events as well.
ITIA explained that the sanctions were ruled by Janie Soublière, an independent Anti-Corruption Hearing Officer. The agency revealed that the sanctions came after a law enforcement investigation in Belgium uncovered evidence of the breaches.
ITIA has issued a number of similar bans over the past weeks and launched probers into more alleged cases of match-fixing and corruption in the sport. In December, the body banned a Chilean and Chinese player from the sport over betting offenses. The same month, the watchdog handed down lifetime bans to French players Jules Okala and Mick Lescure.
At the start of the New Year, PokerStars made poker history by becoming the first online operator to merge their Michigan player pool with another jurisdiction, in this case, New Jersey. By doing so, they became just the second online poker site to take advantage of the Multi-State Internet Gaming Agreement (MSIGA), WSOP.com being the only other (combining player pools from New Jersey, Nevada, and Delaware).
In December, poker speculated that a merger was coming as PokerStars informed them that the site would be going down for a bit, though a specific reason wasn’t known.
“When Pokerstars announced that the client would be down for several days for maintenance in mid-December that was the first hint,” Michigan poker player Dan “DrDadPoker” Schill told PokerNews. “Shortly after that, Pokerstars was quick to announce the merge in the coming weeks on Twitter. Several publications that cover poker, including PokerNews, were quick to get out stories on the subject as well which was great.”
Indeed, the site merged player pools on January 1, 2023, which happened at approximately 10 a.m. local time that day.
Click here to learn more about Online Poker in Michigan!
At that point, players in the Garden State and the Great Lakes States were able to compete against one another in both tournaments and cash games.
“Michigan and New Jersey joining forces is great news for our players in these two states, and poker, more generally, as it promises a better experience and even more value, all with the confidence provided by a trusted, licensed operator,” said Severin Rasset, PokerStars US Managing Director.
“Our community will experience more breadth and depth of games, more tournaments with bigger prizes to win, amped-up promotions, and more choices. To kick start, we are offering generous guarantees on our debut multi-state tournaments that will no doubt provide lots of value for those who take to the tables.”
While both WSOP and BetMGM operate in Michigan, neither online operator has been authorized by the Michigan Gaming Control Board (MGB) to share player pools, making PokerStars the first.
Off to a Good Start
While the merger happened with little fanfare, it seemed to go smoothly. Given Michigan boasts a larger population and player pool, it was actually New Jersey players who received more of a boon. In fact, according to tracked cash game traffic, PokerStars MI was averaging nearly three times the number of seated players than PokerStars NJ.
Dan “DrDadPoker” Schill
By combining, the two-state network became the largest regulated market in the United States, surpassing even the long-established WSOP.com network (Nevada, New Jersey, and Delaware), operated by 888poker.
“I was excited for the merger because it is a positive step forward for US-regulated online poker. I played the first Sunday of the merger and played in all of the New Year’s Day events,” said Schill, who plays in Michigan as ‘DrDadPoker’. “PokerStars put up ambitious guarantees for those events and the players showed up. I also played quite a few MTTs in the regular schedule on Monday and really enjoyed those as well. One criticism I would have is the lack of satellites being run currently.”
He continued: “My initial observations are that the player pool has been huge and the guarantees have been getting smashed left and right, which has been awesome. Generally, I would say the fields feel pretty similar skill-wise in the early days. While combining pools means there are a lot more regulars I think the higher prize pools will also be appealing to recreational players. Other Michigan players I have spoken to have been excited as well. There is a lot of pride to represent the state and take down tournaments so that Michigan ends up on top.”
$2.5M PSPC Online Comes to PokerStars MI & NJ Jan. 13-30
Schill and the Michigan contingent will get the opportunity to prove themselves against New Jersey players in their first merged-player-pool online series.
PokerStars customers playing online at PokerStars Michigan and PokerStars New Jersey will be able to compete $2.5 million PSPC Online festival from Jan. 13-30.
The PSPC Online festival marks the first time PokerStars players in Michigan and New Jersey will combine in a prestigious online series. A total of 85 events are scheduled, with players at PokerStars Pennsylvania getting their own version featuring 72 events with combined prize pools of $1.5 million. The action on both platforms runs from January 13-30.
Click here for more info on the $2.5M PSPC Online!
Developer of gaming technology and content Golden Matrix entered into a definitive agreement to acquire MeridianBet Group for a total consideration of $300 million payable in a combination of cash and stock.
‘Highly Scalable B2C Vertical in New Markets’
The acquisition of Estonia-based MeridianBet Group and its related companies will give Golden Matrix access to key markets across Europe, Africa and Latin America via a B2C business that has been experiencing significant growth over the past two years.
“We believe that this acquisition will provide us entry into a well-established and highly scalable B2C vertical in new markets outside of our core markets,” said Brian Goodman, chief executive officer of Golden Matrix, hailing MeridianBet’s appeal in terms of “proven business model” built on organic growth, “resilience to external economic factors, and exceptional products and technology.”
The transaction close is subject to several customary closing conditions, including Golden Matrix’s ability to raise the funding, completion of due diligence, shareholder approval, and regulatory approvals, and is expected to close in the first half of 2023.
According to Goodman, the rationale behind the acquisition is to strengthen Golden matrix’s position in the global betting and gaming scene, expand into new markets and continue scaling up the business for growth.
Entry into the US and Brazil
Hailing the acquisition agreement as a milestone for MeridianBet Group and its over 1,100 employees, MeridianBet Group’s chief executive officer Zoran Milosevic outlined that what drove the group to enter the agreement was the opportunity “to set an industry standard” in terms of global gaming platforms, strengthen its position with respect to MeridianBet’s “aggressive growth strategy, and enter new markets, in particular the US and Brazil.
“Our brands, which are well known among worldwide online betting and gaming communities, are stronger together; and I am looking forward to working closely with Brian Goodman as we conclude the acquisition,” he added, expressing gratitude to both teams “for their dedication and commitment to finalize this agreement.”
The financial terms approved by the boards of directors of both companies stipulate that Golden Matrix will issue approximately 65.3 million common shares to MeridianBet stockholders calculated on an agreed price of $3.50 per share, and will pay $70 million in cash.
The combination will result in combined pro forma revenue of more than $100 million in the fiscal year 2022, while EBITDA for the year ended October 31, 2022, is estimated to be over $22 million, making the transaction earnings-accretive and financially appealing.
At transaction close, MeridianBet Group of companies will become wholly-owned subsidiaries of Golden Matrix, current MeridianBet Group’s advisor William Scott will join as chairman of the board, while the name and board structure of the acquired company will remain intact.
Online sports betting and casino gaming company Mansion Group has decided to leave the UK market and will surrender its license on January 13, 2023, after almost 20 years of operations.
Shrinking Profitability
Mansion Group’s decision to shut down operations in the UK comes as a response to the ever-tightening regulatory regime in the country that has been impacting the group’s profitability.
A spokesperson for Mansion Group stated that “Mansion has enjoyed serving UK customers for almost 20 years” but the “increasingly challenging regulatory conditions that have led to much narrower paths to profitability” ultimately led to the decision to leave.
Founded in 2003, Mansion Group is headquartered in Gibraltar, operates three online casino brands in the UK, MansionCasino, Casino.com and SlotsHeaven, and has built a strong reputation throughout the years of operation.
A trusted partner in the online gambling industry and sports, Mansion Group was the shirt sponsor of EPL’s Tottenham Hotspur FC between 2006 and 2010, while in 2017 it became the principal partner of another EPL team, AFC Bournemouth.
Neil Gallacher, chief marketing officer of Mansion Group, outlined that the group’s focus in 2023 and beyond will be to “double down” on markets where its operations are currently most profitable, as well as “to explore new markets” that may potentially present opportunities for profitability and growth.
“The UK was for many years our core market, and we look forward to sharing 20 years of wonderful customer experiences with all our non-UK clients for many years to come,” Gallacher concluded.
Thriving Then, Leaving Now
The decision to abandon the UK market comes less than a year after Mansion Group had decided to shut down its sports betting business and focus entirely on its casino brands which were thriving at the time.
After a detailed review of the sports betting market and regulations in the UK, the group announced that it will cease trading its MansionBet brand and will no longer operate in the sports betting vertical.
English Football League side Bristol City FC was also impacted by the decision as it had to terminate its existing sponsorship agreement with the sports betting operator.
In August, the group teamed with Les Ambassadeurs Club, a club and casino located in Mayfair, London, to offer players of its online casino brands a chance to experience live play at the private club.
Looking forward, Mansion Group will focus its efforts on “improving their online casino offerings in Spain, Ontario and other licensed markets” where the group is operational.
The triple barrel bluff is the play that everyone wants to do at the poker table. There is nothing more badass than firing three shells at a pot to take it down. Showing the bluff is likely to draw cheers from the rail. Nothing says excitement and big bet poker like river shells that get through.
Of course, this play is so exciting because it is so rare. It is tough to land in actual competition. It can also be difficult to use when you are playing against basic opponents who never want to fold.
That said, just because this play is hard to execute does not mean it should be abandoned entirely. A complete poker player can execute any poker play.
Have you ever done a triple barrel bluff? What led you to making that play? Was it a hunch?
What You Need to Do
Today, we will focus on one triple barrel bluff you can do. If you have never done a triple barrel bluff before don’t worry. We will start with one of the most fundamental big bluffs you can run. This will be a good starting point for you.
The first thing you are going to need for a triple barrel bluff is a target. You will need an opponent who clearly cares about winning. You don’t want to be focusing on loose recreational players at this time. Those players are great for value betting. They are not great for bluffing.
If someone carries themselves well in the poker room and isn’t afraid to execute a thin fold or a preflop reraise that is someone we should focus on. That is someone who is playing to win.
“Once they call you with half the deck preflop, they are not going to hit the flop that often.”
We want to target this player when they are in the big blind. We are going to raise when they are in that position. When they call us out of the big blind, they will likely be defending too many hands. To be fair to them, most people are not triple barreling them so they can get away with calling a few too many hands. You’re just going to be the exception to the rule.
Once they call you with half the deck preflop, they are not going to hit the flop that often. When they do hit the flop, they are not going to have better than ragged pairs most of the time.
This is how we’re going to find out what they flopped. We are going to continuation-bet. If our opponent just calls us on the flop when there is a flush draw or straight draw out there it is likely they do not have a set or two pair. Why? Because most people would raise with two pair or a set on a coordinated board. They want to simultaneously get money from their hand and also protect their hand.
Once they have called you out of the big blind you know they most likely do not have their premium overpairs. They likely would have three-bet with those hands. They are also likely to not have their two pairs or sets if they called on a coordinated board because most people will raise those hands to protect them and get value from them.
Target Crappy Pairs
So, what does that leave them with when they call on the coordinated flop? Pairs. Crappy pairs. Pairs with crappy kickers. Most likely it is not a pocket pair because there are not many combinations of those. Their most likely pairs are matching one of the cards on the board.
So, what does that mean? When the turn is an overcard or brings in a draw your opponent does not have a good hand most of the time. They have not hit the draw the vast majority of the time. They have not hit the overcard the vast majority of the time. They are hoping you do not fire again.
This is when you will disappoint them. You can bet large to set up a river jam. Count how much would have to go in on the turn to set up a clean river jam versus their stack and don’t be afraid to set it up. Apply pressure.
People will often tip the strength of their hand live. They will play quickly on the flop and call without much hesitation. This can tip off that they have a weak pair. If they had flopped a huge hand, they would have to consider whether they want to slowplay or raise right then. This would take a few seconds of their time. If they look like they’re dealing with something routine that means they didn’t have much to think about. They flopped a pair they were never considering raising so now they’re calling with it.
It goes without saying but this is a high-variance play. Be prepared to invest a recreational gaming budget you are willing to lose.
Alex Fitzgerald
Get Comfortable Being Uncomfortable
You are setting up a river jam or huge river bet because many disciplined players will not call off most (if not all) of their chips with one weak pair, especially if a draw comes in. That doesn’t mean they don’t sometimes figure out what you have. If you get called on the river, be polite about it. Say nice call and shake their hand.
You will make mistakes when you first implement this play. You will have to get comfortable being uncomfortable.
Sometimes people do not like to triple barrel bluff because if it fails the table gives them a hard time. However, it’s a good sign when the table complains about your aggressive play. If they truly thought you were donking your chips off they would remain silent. They would let you keep doing the same dumb play.
“No one mocks a recreational player who limps every single hand preflop. Why? Because everyone knows that that kind of passive play is likely to lead to massive losses.”
No one mocks a recreational player who limps every single hand preflop. Why? Because everyone knows that that kind of passive play is likely to lead to massive losses. They don’t want to interrupt their opponent while they’re making such a huge mistake.
But if multiple people are loudly complaining about your aggressive triple barrel? They’re telling you that that play makes them uncomfortable. They don’t want you doing the same thing to them. They just tipped off that they’re not prepared for it.
Getting caught triple barrel bluffing in a cash game can be a huge asset too. You can get action for weeks off of just one failed bluff. No one wants to be the guy who let the reckless player run over them. They’ll hero call because no one at the table who saw your earlier bluff will criticize them.
Now, my time in this article was limited so I have to wrap things up here. However, there are many other triple barrel bluffs you can execute in competition aside from this basic one. If you want to learn about what triple barrel bluffs work well deep in major tournaments check out my in-depth course here.
That master class contains a quiz that will reveal if you are triple barrel bluffing in the right situations or not. All of the quiz hands are based on real hands that happened in real deep tournament competition.
About Alex Fitzgerald
Alex Fitzgerald is a professional poker player and best-selling author who currently lives in Denver, Colorado. He is a WPT and EPT final tablist. He has WCOOP and SCOOP wins online. His most recent win was for $250,000 online. He currently enjoys blasting bums away in online tournaments while he listens to death metal.
Alex can be reached for private coaching at [email protected]
The deal between the two parties was originally announced for an initial consideration of €300 million ($324 million) and a maximum deferred contingent consideration of €550 million ($594 million) in June 2022.
Now, Entertain has presented the completion of all procedures for a final acquisition cost of €450 million ($484.2 million). The total cost, which was negotiated by corporate advisory specialist Partis, could go as high as €850 million, depending on BetCity’s performance.
Entain Getting Access to the Netherlands’ Gaming Market
The newly inked agreement will bring the leading sports betting and gaming group access to the regulated gaming market in the Netherlands. BetClic, the popular operator of the successful online casino and sports betting platform based in Amsterdam was given one of the original 10 licenses in the country.
BetClic rapidly turned into a leading operator once the market officially launched on October 1, 2021. During the fourth quarter of 2021, BetCity had already announced a 20% market share.
Entain’s brands were unable to launch on the market because they lacked the necessary licenses. This problem was generated by the country’s two-year cooling-off period for licensees that was proposed by the Dutch Gaming Authority in July 2019.
The cooling-off period was completed in 2022. However, Entain did not receive the expected licenses for its legacy brands. Now, with BetClic’s acquisition finally coming to an end, explained Entain’s chief executive Jette Nygaar-Andersen, Dutch customers can prepare themselves for “an enriched and broader offering of engaging products”.
This will come on top of the newly generated content and fresh gaming experiences awaiting them. The mix between BetCity’s domestic expertise and powerful brand and Entain’s global reach and top platform will now be possible thanks to the new acquisition.
Nygaar-Andersen expressed the group’s excitement to be collaborating with BetCity’s co-founder and chief executive Melvin and the company’s team while pursuing all the fresh opportunities provided by their access to the market.
The Deal’s Consideration Structure
As mentioned earlier, the initial consideration for the acquisition was capped at €300 million ($324 million) which would have been paid on completion. The balancing payment will be paid once BetCity will have its 2022 financial performance confirmed.
An additional contingent payment calculated based on BetCity’s EBITDA x10 for 2023 would also be paid at the start of 2024. A contingent payment of €50 million ($54 million) would also be paid at the end of BetCity’s transfer to Entain’s platform and upon the effective delivery of synergies.
In the following three years, the combination could deliver around €28 million ($21.6 million) of cost synergies mostly from content, royalty benefits, and technology.
Last October, 1×2 Network announced it would roll out its games via the BetCity.nl platform. The following month, Entertain Entain Central and Eastern European announced the completion of the acquisition of the SuperSport Group in Croatia.
BtoBet, a pioneer in the provision of iGaming platform and sportsbook solutions, has been greenlit to launch in Ontario. This is an important milestone for the company, which has been looking to expand its presence in the NA region.
BtoBet to Launch in Ontario
BtoBet, a subsidiary of NeoGames, will now launch in the province after successfully securing the approval of the Alcohol and Gaming Commission of Ontario (AGCO). This will allow the former company to provide locally-licensed operators with its critically-acclaimed suite of sports betting tech and sportsbook solutions.
The foray into Canada and North America as a whole was facilitated by the GLI-33 Events Wagering System Certification BtoBet recently acquired from Gaming Laboratories International. It also follows recent events that have seen the iGaming and sports betting supplier dramatically expand its presence in Africa.
Maimon Excited to Expand the Brand in NA
Tsachi Maimon, the president of BtoBet’s parent company, NeoGames, commented on the latest development. He said that the registration approval from the AGCO represents a key milestone for the provider, which currently seeks to establish a foothold in North America.
Maimon added that the approval from the Ontarian regulator attests to BtoBet’s diligent work when it comes to following local regulations. He concluded that the company is looking forward to powering local operators with its acclaimed suite of sports betting tech.
“This approval underscores BtoBet’s exemplary track record in compliance, and we are excited to be in a position to deliver our market-leading sportsbook technology to customers in Ontario.
BtoBet has been steadily expanding its global presence over the past few months. The Company successfully expanded its footprint in Africa, inking deals with two local operators. In August, the supplier teamed up with the Ethiopian brand UtopBet. A few months prior to that, the company also joined forces with Bet237, a Cameroon-based gambling company.
In recent times, BtoBet expanded its team by naming the experienced Malte Hegeler as vice president of product. The new hire, boasting over 15 years of experience in the sports betting sector, will be responsible for improving the company’s pipeline and helping it produce better products.
Speaking about recruitment, yesterday, BtoBet announced that it is looking for a new head of development. The company said that its perfect candidate would be a “true leader who would like to have a pivotal position within a fast-growing company.”
