News
Will The Coronavirus Lead To More Legalized Online Casinos?
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The Coronavirus has affected the gambling world in a drastic way. Sports betting has effectively been halted in the United States, with all major sports postponing their seasons. Las Vegas and every other land-based casino in the country have also shut their doors.
Instead of March being the massive wagering month that Nevada and sportsbooks around the country are used to, the cancellation of March Madness led to the worst sports betting handle since 1993 in the Silver State.
However, there has been one sector of gaming that has been flourishing in a big way, and that is legit online casinos.
Online Casino Revenues Explode Amidst COVID Pandemic
Although gambling revenues are down for states across the board, one area that is exploding is online casino gambling. Poker has seen a surge as well, but nowhere near where casino gambling has gone in the past two months.
For example, with Atlantic City casinos closing their doors, revenues have skyrocketed for online casinos in the month of March in New Jersey. Gambling sites took in $64.8 in revenue that month. It was a near 25 percent increase from February and over a 65 percent increase from March 2019 numbers.
In Pennsylvania, we see similar numbers for online play. Though overall gaming revenue was down 51 percent, the state set new records for online casinos, bringing in over $24 million in revenue, setting records for monthly revenue, and the total amount wagered.
There are states around the country with similar marks for revenue and amount wagered.
Will This Spur Online Gambling Legalization Across the US?
It’s possible, but just because it becomes more economically viable or the opportunity presents itself, it doesn’t mean states will act.
One could draw the comparison to sports betting legalization, which has happened rapidly in the country after the Supreme Court overturned the Federal sports betting ban in May 2018. Since then, 16 states have regulated and legalized recreational betting in some form in their states.
However, we have to remember that the green light for legal online casinos and poker sites has been around since 2011.
The Wire Act Flip Flop
After much of the online poker world got wiped out by the US Department of Justice, in what became known as the “Black Friday” of poker, the online gambling world changed dramatically.
However, the DOJ quickly changed course on the legality of online poker and casino gambling. They stated in December of the same year that only sports betting fell under the scope of the 1961 Wire Act.
That was changed with the 2018 decision for sports betting, but the ability for states to legalize online casino gambling has been around since 2011. However, only 13 states have decided to tax and regulate the activity within their borders.
Will More States Act Now On Online Casino Gambling?
It’s possible but still seems unlikely. Most states that have legalized sports betting often don’t have an online component for wagering sports, making online gambling an afterthought.
As it stands now, only three of the 16 states that have regulated sports betting have also legalized online casinos. So, even though states are moving quickly with sports betting, casino gambling has not been a part of these gambling expansions.
Don’t Worry, Players Still Have Options
Regardless of how states act in regards to online gambling expansion – players have all sorts of options for online casino gambling. There are lots of legal online casinos operating that accept players from all 50 states and across the globe.
Their games offered, bonuses and casino software are also better than land-based options. Most of them also offer sports betting and poker from the same account.
Players may be moving towards online casinos because of the Coronavirus, but it’s been the better choice, all along.
News
Already Media opens new Warsaw headquarters
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Already Media, the tech-driven affiliate and media company, has opened its new headquarters in the Polish capital of Warsaw.
The office will initially house more than 20 members of Already Media’s 250-strong global team, with a focus on C-suite positions including CEO, COO, CLO, CFO, as well as senior SEO department heads.
Officially opening on July 1, the office provides a base for the company as it continues to pursue a primarily remote-work strategy, hiring on-the-ground talent worldwide, particularly in the emerging markets it focuses on.
Alina Famenok, CEO of Already Media, said: “It’s a proud moment to open our new headquarters in Warsaw. We’re excited to tap into the city’s thriving tech and start-up scene, as well as adding to our team from the huge amount of local talent here. Already Media has expanded rapidly over the last couple of years, and this HQ positions us well to continue what has been a remarkable journey so far.”
Members of the Already Media team – whether they work remotely or are based in Warsaw – enjoy a wide-range of benefits, with a focus on professional growth, health and work-life balance.
The approach has helped the company build a unique culture which contributes significantly to maintaining its edge when it comes to innovation.
It has been a busy few months for Already Media. In March, it acquired iconic affiliate asset PokerListings. In the months since, PokerListings has already significantly ramped up its video content output and launched into additional markets.
News
SiGMA East Europe edition moves to Budapest with Affiliate World
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SiGMA East Europe will hold its third event for the Balkan-Slavic markets in Hungary this September. Powered by Soft2Bet and taking place at the Hungaro Expo in Budapest from the 2nd to 6th of September, the event is expected to attract a 9,000-strong crowd to the expo’s Pavilion E arena.
The event will also be held back-to-back with Affiliate World, which takes place on the 5th and 6th of September in Budapest – making SiGMA East Europe a must attend for operators.
This unique partnership promises an unrivalled networking environment, offering operators the chance to connect with top tier affiliates from a diversity of sectors. With an estimated 5,000 new affiliates expected to participate, this collaboration is set to elevate opportunities for operators and suppliers alike, while also bringing many of the world’s top affiliates closer to the iGaming community. Affiliate World also took place alongside the SiGMA Eurasia event, held in Dubai earlier this year.
Affiliate Announcements
Stase Blitz: ‘For PIN-UP Partners, iGB L!VE is a trove of opportunities and sets the tone for the rest of the year’
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PIN-UP Partners will be attending iGB LIVE 2024 with a mission to be at the vanguard of the affiliate sector and a pledge to set new trends as the industry prepares to bid farewell to Amsterdam ahead of iGB L!VE’s relocation to London in July 2025.
PIN-UP Partners will be using its iGB L!VE presence to build new partnerships and find affiliates as CMO Stase Blitz confirmed: “For PIN-UP Partners, iGB L!VE is a trove of opportunities, as the event brings together the best and the brightest of the iGaming industry. Every year, iGB L!VE delivers for the business, and our team leaves the event with hundreds of new contacts that have the potential to really propel our business forward.”
Looking ahead to what she believes the industry will experience at the show she noted: “We can expect to be part of what will be the biggest edition of iGB L!VE there has ever been which would be the best possible way to say a big thanks to Amsterdam in advance of the move to London in 2025.
“Like everyone in our field we are always looking to identify new affiliates and iGB L!VE provides us with the perfect platform to do exactly that. For our part we will be using our presence on booth 11-D50 to launch amazing terms for our offers alongside some catwalk-worthy merch!”
She added: “One of our goals is to build a strong community: harnessing the power of people who are the greatest influence on any industry – but in particular ours! At iGB L!VE we are planning to host a grand event where we can gather our friends and partners for networking and so much more, so don’t forget to stop by our booth!
“The PIN-UP Partners team is delighted to be a part of the iGaming industry’s greatest event.”