Table of Contents
- Sweden’s Spelinspektionen backs reintroduction of gambling restrictions
- Despite sports betting decline, NJ gambling revenue up 29.1% in December
- Global Online Gambling Approached $1 Trillion In 2021, What’s in the Cards for 2022
- Minneapolis Gaming Company in SharpLink $8.1M Deal
- New Online Slot Sequel Tombstone RIP announced by Nolimit City
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Sweden’s Spelinspektionen backs reintroduction of gambling restrictions
The Spelinspektionen Swedish regulation agency says it has no objection to the reintroduction of Covid-19 prevention actions in Sweden, based on the spread of COVID-19. The Swedish Gaming Authority noted that the country introduced stricter infection control measures due to the current rapid spread. Alongside a prior cessation of the temporary measures in 2021, the Swedish government instructed the Spelinspektionen to conduct an evaluation to follow up and analyze how forms of gaming and accessibility will be affected in the short and long term.
Spelinspektionen will present a partial report on the first part of the evaluation measures in March 2022. Earlier this month, Sweden’s Ministry of Finance submitted a memorandum containing provisions for online casino deposits not to exceed NZ$650. It is also mandatory for players to set limits on playing time when playing at online casinos with bonus amounts limited.
Despite sports betting decline, NJ gambling revenue up 29.1% in December
In December, gambling revenue in New Jersey increased 29.1% year-on-year despite the US state seeing an 11.1% decline in sports betting revenue. Total market revenue for December 2021 was $404.1m, up from $312.9m in the same month of 2020 but 8.1% down from $439.6m in November 2021. Sports betting revenue fell from $55.4m in December 2020 to $59.0m, 48.6% lower than the record $114.8m. However, player spending on sports betting remained high, with the state’s heist for the month at $1.23 billion, up 23.5% year-on-year and just below the record $1.5 billion.
Online casino revenue was 33.9% higher than 2020 at $133.2m, a new record. An amount of $130.9m was attributed to online pokie games, and $2.3m from online poker. The Borgata retained the top spot in the state’s igaming market with $37.1m in revenue, just ahead of Golden Nugget Online Gaming with $36.0m and Resorts Digital with $32.9m. At land-based casinos, revenue was up 44.0% to $211.8m, while this was also 2.4% higher than $206.9m in November 2021. Slots contributed $150.5 and table games $61.3 million. The total market revenue was up 64.5% to $4.74 billion, compared to the same time in 2020. Sports betting revenue was up by 104.7%.
Global Online Gambling Approached $1 Trillion In 2021, What’s in the Cards for 2022
Juniper Research found that the value of online gambling wagers soared from just over $550 billion to nearly $950+ billion in 2021. Wagers were expected to exceed $1 trillion on all digital goods and services for the first time in 2021. The latest research conducted by Juniper found that gambling activities were increasingly migrating to the online casino environment, with the majority of net growth attributed to mobile channels. Expected to account for just under half of wagers by value in 2021, new technologies like Virtual Reality would further stimulate the online casino sector. The report also mentioned that there would be a drive for consolidation focused on ensuring customer loyalty. Research author Lauren Foye confirmed that user engagement goes a long way towards drawing in return business. Providing features like news and media and personalized offerings based on past betting activity creates a greater engagement rate. While several leading sportsbook providers offer Bitcoin, Juniper feels that cryptocurrency is unlikely to see mass adoption.
Minneapolis Gaming Company in SharpLink $8.1M Deal
To shake off a gambling addiction, Chris Carlson, an online-gambling entrepreneur, moved to Minnesota from New York in 2005, stayed, and opened a company called FourCubed, a top leader in the iGaming industry. SharpLink has purchased FourCubed, and as part of the deal, Carlson is now “vice president of conversions” at SharpLink. CEO of SharpLink Rob Phythian said that FourCubed excelled in securing profitable gaming-revenue contracts with many of the world’s leading operators. SharpLink has 2.5 million-plus players engaging on its fantasy sports and sports betting online platforms and is now counting on Carlson’s software platform that will be integrated with SharpLink. FourCubed has an annual revenue of about $5.5 million, which stems from recurring contracts with some elite online iGaming operators like Party Poker, Bet365, 888 Poker, and others.
New Online Slot Sequel Tombstone RIP announced by Nolimit City
Online gaming software developer Nolimit City is kicking off 2022 with a sequel to the famous Tombstone online pokie game. Tombstone RIP offers a creepy-style Wild West theme with plenty of exciting action as you spin the reels in search for bandits, and hopefully a few wins along the way. Join Edda Star, El Gordo, and Skinny Joe on the reels, along with Royal symbols, Scatters, and Wilds. Load the game, and you enter the Wild Wild West. Tombstone RIP has five reels and offers a 2-3-3-3-1 setup with no low-value icons and all symbols counting double. The main feature is the XNudge which increases Wild Multipliers x1, while several Wild Multipliers will escalate your wins. Nolimit City owner Per Lindheimer said the pokie is bigger, badder, and more brutal.
Nolimit City’s new Tombstone RIP includes regular, and reel split Wilds to help create winning combinations. In the game’s special feature, the Hang’em High round, the win multiplier increases with regular Wilds, reel split Wilds, XSplit Wilds, and XNudge Wilds. Players can reach a top win of 5x to 999x their bet. Tombstone RIP is now available at our featured online casinos NZ dollars.