Casinos

BetMGM Launch New Mobile App

February 22, 2024 William Mcmaster

BetMGM is one of the biggest sports and gaming entertainment companies in the United States and all around the world with its headquarters in New Jersey. They are casino giants among US online casinos. BetMGM is available in different states including New Jersey, Indiana, Colorado, Tennessee, Nevada, Pennsylvania, Iowa, West Virginia, Virginia, and Michigan.

MGM is a name that rings bells when speaking about land-based casinos as they own numerous casino properties worldwide. BetMGM is a partnership between MGM Resorts and Entertain Plc; which means BetMGM has access to physical casino locations as well as online gaming.

BetMGM app is one of the best innovations in the USA online casino apps community. BetMGM app has been available in three states (New Jersey, Pennsylvania, and West Virginia) but was launched in Michigan on the 21st of January, 2021. Michigan online gambling community can now enjoy the privileges that come with being a customer at Bet MGM, they have access to the perks associated with MGM Grand Detroit and MGM Resorts’ casino-resorts nationwide.

BetMGM CEO, Adam Greenblatt in response to the warm welcome the app received said, “Reaction to the opening of MGM Grand Detroit’s BetMGM Sportsbook and Lounge has been incredible. We’re thrilled to complement our retail offering with the launch of the BetMGM mobile app in Michigan, ”

He also mentioned that “Michigan sports fans can access our interactive sports betting platform and exclusive line of casino games directly from their phone. The Wolverine State now has new ways to engage with the teams they love, while earning rewards from their gameplay.”

David Tsai, the President of the Midwest Group, MGM Resorts expressed his excitement in a statement, “Working with BetMGM to offer our customers a new, innovative way to engage with our brands is very exciting for us. This is yet another example of our continued commitment and investment in Detroit and Michigan and we are proud to be part of this historic launch.”

How to Download the Bet MGM App

Michigan players looking for the best Michigan online casino can sign up with BetMGM Michigan and enjoy all they have to offer. New and existing players can download the Bet MGM app and begin to enjoy what a great mobile casino is like. The app is available on both Android and iOS devices and players can maintain their BetMGM accounts across all platforms.

To download the app, create an account (if you do not have one yet) with BetMGM. You will find the download option in the main menu; you can either click on download for Android if you are using an android device or download for iPhone if you are using an iOS device.

Google play store does not allow gambling apps so you have to download the BetMGM app to access the app. The app is available on iTunes for iOS users.

Benefits of the BetMGM App

The app is user friendly and easy to navigate. It delivers the best gaming experience to players, giving Michigan bettors an avenue to bet on their favorite sports. Bets can be made pregame as odds are available before the game time using different bet types including futures, parlays, money lines, and others. Also, in-play bets are available on the app and since BetMGM ensures that odds are updated quickly, you should get the best deal while betting.

The app uses geolocation to ensure that players using it are well within the Michigan state line as not all states in the United States allow gambling. You have to confirm your location by turning it on using GPS in the location settings.

BetMGM app users are not only limited to the sportsbook, they can also play casino games and participate in tournaments. There are progressive jackpots especially for the Michigan areas that players can take advantage of. Other casino games like roulette, blackjack, poker are all available on the app.

Michigan players using the BetMGM app can retrieve their gameplay to enjoy awesome experiences at all MGM Resorts locations. This is because the BetMGM app works hand in hand with the MGM Resorts’ M life Rewards program. Players from Michigan can use these rewards at MGM Grand Detroit, MGM Grand, Bellagio and ARIA in Las Vegas, Borgata in New Jersey, and Beau Rivage in Mississippi.

Conclusion

Michigan is the ninth state BetMGM is operating and the fourth state with an online casino. BetMGM continues to ensure that they give players nothing but the best in all states they are established, and we expect them to do the same in the new states they will be breaking into so when you think of USA casinos online, you think BetMGM.

CHECK OUT BETMGM HERE AND START PLAYING ON THEIR APP!

The Kahnawake Gaming Commission – Who Are They and What Do They Do?

February 22, 2024 William Mcmaster

Kahnawake Gaming Commission is the governing body for physical and online casinos located in the Kahnawake Mohawk Territory in southern Quebec. Kahnawake Mohawk Territory is a First Nations Reserve that is autonomous; they have their laws and regulations for different issues. They have regulations regarding company laws, corporate operations, taxation, and licensing.

The Kahnawake Gaming Commission issues licenses to casinos in this region and also monitors these licenses. They have licensed about fifty casino operators running roughly 250 online casinos.

Kahnawake Gaming Commission was established in 1996 and three years after, they passed laws concerning online gambling. This makes them one of the oldest online gaming legislators worldwide. From the time of its establishment to the time it enacted online gaming laws, Kahnawake Gaming Commission worked on becoming an autonomous entity in Canada. They spent this time outlining the political and legal structure of the Mohawk Territory, therefore, obtaining the legal right to license casinos.

Kahnawake Gaming Commission Regulations

Following its regulation of online sites, the “Regulations concerning Interactive Gaming”, casino operators seeking licenses have to host their gaming site at the Mohawk Internet Technologies data center. The data center is managed by Continent 8 Technologies which works specifically for hosting eGaming platforms.

The Regulations concerning Interactive Gaming gives some key principles by which Kahnawake Gaming Commission casinos should operate under the Kahnawake gambling law. Some of these principles are:

Online gambling based in, from, or within the Mohawk Territory of Kahnawake is regulated and controlled based on the law.
Ensure that online gambling activities carried out under this license are fair, honest, and responsible.
To ensure that online gambling from the jurisdiction of Kahnawake is not associated with criminality and crime.
To ensure that players playing in casinos with the Kahnawake license are treated fairly. They ensure that players’ information and activities at the online casinos are kept confidential.
They protect minors (persons under 18 years) and other vulnerable persons from the dangers of online gambling

Kahnawake Gaming Commission casinos are checked from time to time to confirm fairness, transparency, and excellent customer service. Kahnawake gaming commission complaints are thoroughly investigated and recorded. The commission takes action in cases where a player claims to have been wronged. For instance, when a player is not paid his/her winnings, when a player’s account is suddenly closed, or when players complain about the fairness of games in the casino.

Operators with a Kahnawake casino license are expected to be open to these investigations. This gives both the casino operator and the player peace of mind.

Kahnawake Gaming Commission Licenses

The commission gives four types of licenses to casino operators, they are:

Interactive Gaming Licences
Client Provider Authorisation
Inter-Jurisdictional Authorisation
Key Person Permit

Responsible Gaming

Like we mentioned earlier, Kahnawake Gaming Commission cares for players in its jurisdiction hence the provision of a self-exclusion list. There is a detailed self-exclusion request form that players who need help with their gambling habits can fill to get the care they need. Players can request a 1- year, 5- year, or lifetime ban on gambling. This form is only functional in Kahnawake Gaming Commission casinos. This is something you will not find with most casino licensing bodies.

Approved Agents

Kahnawake Gaming Commission works with third-party organizations called the ‘Approved Agents’ to aid them. The approved agents are auditors and consultants who give professional assistance in licensing and controlling online casinos. The four third party organizations listed on the website are

eCOGRA
Gaming Associates
iTech Labs
Technical Systems Testing (TST)

These four organizations work in different capacities to ensure one end goal: that the casinos licensed by the Commission are fair, safe, and trustworthy. TST ensures that casino sites are not hacked by identity thieves, eCOGRA publishes the RTPs of the casinos monthly, iTech tests and certifies online gaming systems and games, and Gaming Associates also certifies online gaming systems.

Conclusion

Kahnawake Gaming Commission, one of the earliest online licensing organizations has proved itself trustworthy. They have provided a great interactive environment for online casinos and players. Look out for their logo when signing up on a North American casino.

FIND A PLACE TO PLAY AT A CASINO WITH THIS LICENSE HERE!

PayPal Is Now Available To MoneyMatrix’s iGaming Clients in 15 European Countries

February 22, 2024 William Mcmaster

PayPal is one of the world’s most popular payment solutions for various industries, including the online gambling industry. iGaming clients in 14 European countries can now access the payment platform for deposits and withdrawals. This is possible due to a recent partnership between PayPal and MoneyMatrix, a global payment processing gateway by EveryMatrix.

The monetary exchange has been at the heart of all gambling activities for centuries now. Since many of these gambling activities today are done on the internet, secure and efficient payment solutions must be used. PayPal is already an established payment method used by online gamblers over the world for deposits and withdrawals.

For instance, there are a large number of safe PayPal casinos across the world. Also, the platform’s services are utilized by several online sportsbooks and poker rooms, simplifying the financial aspects of gambling. According to Samoil Dolejan, the CEO of MoneyMatrix, ‘PayPal is one of the most popular payment methods globally, so naturally, we are glad to make their solution available to our iGaming clients.’

Who is MoneyMatrix?

MoneyMatrix is an EU-licensed financial institution by EveryMatrix, based in St Julians, Malta. They specialize in helping merchants connect to local and international payment solutions, who are their trusted partners.

They also optimize these merchants’ payment processes by securing transactional data and providing KYC solutions, all through one integration. The platform’s partnership with PayPal is expected to further promote their mutual aim of simplifying payment solutions for gamblers across the world, including Europe.

PayPal Holdings Inc, an American company with headquarters in California, has been in operation for over two decades, serving as a payment processor to customers in almost every country of the world. They have successfully made several financial processes simpler for numerous industries, resulting from affordable and user-oriented activities.

The e-wallet platform, PayPal, allows users to send, store, and receive money from a wide range of platforms globally. Gambling sites users can make deposits and make withdrawals at a faster processing time and less risk of security compromise. Samoil Dolejan was recently appointed the CEO of MoneyMatrix, after spending four years working for EveryMatrix, their parent company.

He admitted that his years of experience taught him that both players and merchants are looking for the simplest payment methods. Thus, from the onset, he set out to increase the number of local and international payment options for MoneyMatrix. One of the results of this goal is what we now see in the platform’s collaboration with PayPal, whose most prominent feature is convenience and simplicity.

Which Countries Will Benefit?

“Players in 14 EU countries and the UK will now be able to select PayPal as their preferred payment method, which is highly convenient and an added benefit for operators using MoneyMatrix. There is no gambling without payments, and we are dedicated to helping our clients run their operations smoothly and effectively while giving them access to a vast portfolio of global and local payment methods,” Samoil also said.

The European countries where iGaming Clients can now add PayPal to their list of preferred payment methods for gamblers are Austria, Greece, Belgium, Sweden, Germany, Italy, Romania, Spain, Portugal, Denmark, Finland, France, Ireland, Poland, Spain, and the United Kingdom.

Sources:

US Gambling Stocks — What Will Happen in 2021?

February 22, 2024 William Mcmaster

When it comes to stocks you can buy stocks from several companies that are selling shares of their companies at reputable stock exchangers. Gambling stocks are currently a hot topic for several stock exchange enthusiasts and professionals.

There have been big changes in regulations for sports gambling across the US which could lead to a massive increase in stock prices of companies that implement sports betting on their platforms. In this article, we’ll go through what gambling stocks are and the massive potential they’ve got for 2021.

What are Gambling Stocks?

Stocks are a share of the company that is registered to sell portions of its company on the stock market. Gambling stocks are just that, It’s a share of the gambling company. The gambling company can decide on how many stocks it would like to sell and these stocks are traded, and the success of the business will either drive the price up or down depending on if good or bad news is released. We anticipate that 2021 will be a good year for gambling stocks.

Gambling stocks are exchanged and traded on several stock exchanges. Two of the top stock exchanges in the US include:

New York Stock Exchange (NYSE)
Nasdaq

These two companies have massive market caps. The NYSE is the biggest with a market cap of $19.3 trillion while Nasdaq has a market cap of $13.8 trillion. In case you were wondering, the world’s biggest stock exchange is the NYSE. The top 10 exchanges across the world are here www.marketinsider.com.

Why Will There Be a Price Pump?

The gambling industry has been significantly growing over the past 3 years within the US specifically. This has occurred due to the fact that gambling, in general, had been slowly legalized across several states. In 2018 the gambling industry raked in $6.5 billion, in 2019 a massive $13 billion was made. This was due to the legalization of online sports betting in the US. However, several of these betting forms were restricted. In 2021, some of these restrictions may be lifted which could lead to a massive increase in stock prices.

Currently, two new states, Virginia and Michigan are set to release sports betting for online/mobile devices. This will lead to several companies taking advantage of a larger market audience in two big states. There is also expected action to occur with gambling laws in the states of:

North Carolina
Ohio
Massachusetts
Connecticut
Georgia
Nebraska

There are still states which we’ve heard no news from in terms of easing restrictions for online sports betting. Those states currently include:

Nevada
Mississippi
Montana

What Does This Mean for the Industry?

With two states releasing online/mobile sports betting in their states, several providers will start to bring their sportsbooks to the market. Companies that were previously struggling with the restrictions on sports betting will have the pressure eased as opportunities will start to arise.

The consensus seems to be that other states will begin to ease restrictions and allow online sports betting. Slowly this will cause a domino effect and result in almost all states passing similar laws. The industry will start booming as an influx of money will start pouring into these casinos and sportsbooks. This will inevitably increase the stock prices of several gambling companies.

Yearly Returns On Gambling Stocks

As there have been some great gains for yearly returns for several gambling stocks, here is a list of some of these stocks and their crazy returns:

Gravity Co Ltd ADR: 433.29%
Penn National Gaming, Inc: 286.25%
Bally’s Corporation: 100.90%
Boyd Gaming group: 66.83%
Scientific Games Corporation: 63.67%
Churchill Downs Inc: 46.20%
Elys Game Technology Corp: 32.45%
Caesars Entertainment Inc: 29.76%
International Game Technology Inc: 19.86%
Full House Resort Inc: 18.30%

The US. News has in-depth information on each of the stocks mentioned above, including what they do within the gambling industry.

Conclusion

In the past 3 years, we’ve seen a surge in stock prices for several gambling companies. This occurred even though there were still restrictions in sports gambling across multiple states. This time around when the restrictions are lifted even more hopefully in 2021 expect a significantly higher increase in stock prices.

Online Gambling and Online Sports Betting Launches in Michigan Today!

February 22, 2024 William Mcmaster

The Michigan Gaming Control Board has authorized online sports betting and online gambling in the state, effective later today. The launch will come just over a year after the bill to legalize online gambling in Michigan was signed by Governor Gretchen Whitmer in 2019. Throughout 2020, regulators worked tirelessly to formulate policies and laws regarding the new online platforms.

Even though sports betting in Michigan was legalized in March 2019, wagers could only be placed in person at retail sportsbooks. Now that a new era of gambling has dawned on the state, online sports betting and gambling will be considered legal from Friday, January 22, 2021.

According to the Executive Director of the MGCB, the days between the endorsement on Tuesday and the launch on Friday will be to provide operators with ample time to test-run the online platforms and make adjustments, if necessary.

Nine retail operators are expected to go live by noon. This means that wagers can now be placed right from the comfort of your home, from your preferred mobile device and desktop devices. The authorized operators and their casino partners include:

William Hill Grand/ Traverse Band of Ottawa and Chippewa Indians
BetMGM/ MGM Grand Detroit
FanDuel/ MotorCity Casino
DraftKings/ Bay Mills Indian Community
Golden Nugget/ Keweenaw Bay Indian Community
Wynn/ Sault Ste. Marie Tribe of Chippewa Indians
TwinSpires/ Hannahville Indian Community
Penn Sports Interactive/Barstool Sportsbook Greektown Casino
Rush Street/ Little River Band of Ottawa Indians

The gaming control board expects to endorse more operators in the coming weeks once their requests have been reviewed and they have been confirmed to have met the licensing requirements of the state.

Friday’s launch is coming just in time for the Super Bowl and March Madness, which will begin shortly. The mobile apps can be downloaded immediately and bettors can wager on any sports, from the NFL to cricket, blackjack, slots, and many more. The DraftKings mobile app can be used from state to state.

“There are possibly residents in cities adjacent to Michigan who may be interested in Michigan online gambol, all they have to do is come to Michigan, register, and place their bets, and go back to their place of residence and continue betting from there” commented Johnny Avello, DraftKings’ director of race and sportsbook.

The Michigan Gaming Control Board confirms that three Detroit casinos recorded $639 million in revenue, a 56% reduction from the value reported in 2019. However, online sports betting and online gambling are expected to help casinos make up for the incurred losses and also generate tax for the state. Experts at MichiganSharp.com have predicted that Michigan online sports betting and online gaming could generate up to $650 million in revenue, while the tax projection revenue is at $93.6 million.

A tax rate of 8.4% applies to online sports betting, which is quite low when compared to other states where online gambling is legal. The tax rate for online gambling varies between 20% and 28%. It is expected that the 30% of the taxes received from the three commercial casinos – MGM and Grand Detroit, MotorCity, Greektown, will be allocated to the city of Detroit, 5% to the Michigan Agriculture Equine Industry Development Fund, and the remaining 65% to the Internet Gaming Fund.

Twenty percent of iGaming revenue will be allocated to the local regulatory authority, 10 percent for the Michigan Strategic Fund, and 70 per cent for the Internet Gaming Fund. Ninety per cent of sports betting revenue generated by tribal casinos will be allocated to the Internet Sports Betting Fund, while 10% will be allocated to the Michigan Strategic Fund.

Up and Coming Casino Providers in 2021

February 22, 2024 William Mcmaster

Casino providers create the software behind some of the world’s best online casinos. While the game providers often get a lot of the focus, the casino providers are equally as important as they create the interface through which the players can sign up and access the site.

Over the past few years, the number of casino providers has grown, and companies looking to start their own online casino now have a wealth of different options to choose from.

2021 is expected to be another great year for new online casinos as more players join in the fun. We’ve made a list of some of the most exciting up and coming casino providers for 2021, picking out some of the most innovative and fastest-growing companies in the market.

Casino Software Provider Banner CC theme

BetPoint Group

BetPoint had a great 2019, having provided the software for Casino of the Year winner 21.com. The casino provider is based in Malta and delivers high-quality bespoke software for sites and other online gambling industry products. BetPoint Group first emerged in the industry when it launched 21.com back in 2018. After tremendous success with its debut site, the company has gone on to produce several more first-class online casinos.

Recent releases from BetPoint Group include Justspin (2019), Nitro Casino (2020), NeonVegas (2020) and Ultra Casino (2020). If 2021 is anything like 2020, we expect to see more online casinos from BetPoint Group as the company looks to continue delivering exceptional results.

While BetPoint Group hasn’t been around for as long as some of the more established casino providers, the company clearly knows what players love. All of the provider’s casinos have provided a fresh and vibrant style to the world of online casinos and the company has introduced plenty of new innovations and features for players to enjoy.

Betconstruct

Betconstruct recently won the award for best technology provider/supplier at the 2020 International Gaming Awards. The company has 15 years of experience delivering excellent software solutions to clients from around the world. The Betconstruct portfolio stretches across many different iGaming products and includes online casinos and live casinos. The company supports licenses from multiple countries, including the UK and Malta.

This isn’t the first time that Betconstruct has won the best technology supplier award from the IGAs and it’s unlikely to be the last. The company provides hundreds of different solutions to clients in the iGaming industry, offering various casino platforms and options for buying or leasing technology.

Betconstruct has also started to also offer virtual reality casino gaming platforms, potentially leading to a new form of casino gaming. The company has always been at the forefront of innovation in iGaming and we expect great things from Betconstruct in 2021 and beyond as the provider continues to offer new and exciting technologies to casinos from around the world.

EGT Digital

EGT Digital is a technology provider for casinos and online gambling platforms. Based in Bulgaria, EGT Digital has been described as one of the fastest-growing casino providers in the industry. The company is part of the Euro Games Technology (EGT) Group which is responsible for providing software across all areas of the iGaming industry including games, betting and full platforms.

While the EGT Group has been involved in the casino and gambling industries since 2002, the company has only recently moved into the world of online gambling. EGT Digital is a relatively new venture from the company that aims to use the experience of the EGT Group to build its success as a software provider. The company is currently developing white label casino platforms for a number of clients, and it’s expected that EGT will continue to grow in 2021 after a busy 2020.

Right now, EGT Digital is forming partnerships with some of the biggest game providers in Europe, meaning that its software will feature thousands of high-quality games when it goes live. Big things are expected of EGT Digital in the next few years as the company uses its connections within the industry to form interesting new partnerships and deliver excellent platforms for players.

Alea

Alea is a multi-licensed gaming operator and provider, offering software to casinos across the world. Alea founded Slotsmillion in 2014. Since then, the online casino has won numerous awards for innovation including the 2016 eGR Innovators of the Year award and the 2018 Gaming Awards Innovator of the Year award. On top of that, Alea recently won the Mobile Operator of the Year award at the 2020 Gaming Awards.

Alea has long been focused on innovating the iGaming industry, delivering excellent software for casinos to use and offering an unmatched user experience. The company uses its ten years of experience in the iGaming industry to provide high-quality casinos to clients and players. Alea was initially founded to provide slots to players but now offers access to its online casino platform to other casino operators.

Intending to innovate and create new experiences for players, Alea looks set to continue to bring new things to the industry in 2021. The company has an office completely dedicated to the development and implementation of virtual reality. The company has also made great progress in bringing mobile casino gameplay to more players than ever.

Araxio Development

Araxio Development is a relatively young software development company that has recently made a big impression on the iGaming market. The company started developing casinos several years ago, providing players with Malina Casino in 2016 and Zet Casino in 2018 among others. Recently, Araxio has launched SlotsPalace, which promises more fun and loads of high winning potential for online casino enthusiasts.

Araxio Development may be fairly young compared to other providers out there, but the company still has plenty of expertise when it comes to iGaming. Some of the casinos that the company has launched have been highly successful in their respective markets. While Araxio doesn’t have big licences from the likes of Malta and the UK, it still manages to get by just fine with a Curacao licence.

We expect that 2021 will see Araxio Development continuing to provide first-class software for casino operators and yet more high-quality options for casino fans around the world. The company also has a strong focus on mobile development, using its experience developing apps in other industries to create dynamic and intuitive casino apps for players to enjoy.

Final Thoughts

There’s lots of talent in the iGaming industry, and new and innovative companies are always emerging to introduce fresh ideas that change the way online casinos operate. This year is bound to see more growth than ever as the online casino industry attracts new players from across the world. With more players than ever before, casino providers have some amazing opportunities to build and grow their business as they create the next generation of online casinos.

Sources:

https://gaming-awards.com/
https://www.newcasinosites.co/articles/casino-white-label-and-platform-providers/
https://araxiodevelopmentnv.com/
https://www.alea.com/
https://www.betconstruct.com/