Scott Mitchell

Drivers of Las Vegas casinos Depot Casino sites have confirmed that they have paid $172.4 million (€169.3 million) for a 126-acre parcel of land located south of the Vegas Strip.

The announcement that 3 casinos in the Vegas region would’ve been closed down, with the structures destroyed and the estate put up for sale, was made by holding company Red Rock Resorts merely a few days prior to releasing this information. Since the global coronavirus pandemic had started, the casinos had been closed to the general public.

They are enthusiastic about this location’s prospects as a regional and local casino tourist resort. The increased freedom in the structural plan provided by the larger package allowed the organization to capitalize on the potential development fully.

The parcel of land contains 60 acres of land the group already possessed. The 3 casinos the company previously shut down in the week will be demolished, and the land will be sold. They proclaim these perpetual shutdowns with despair because these properties have long played a significant role in their company.

The possibility of additional development in an area that has seen rapid growth in recent years enthused people that lived and worked near the area.

Not too far from South Point, the place is situated south of the city at the crossroads of Cactus Avenue and Las Vegas Boulevard. This year, the station started construction on its Durango Resort and Casino near the Beltway and Durango Drive.

With this most recent acquisition, Station Casinos significantly increased the land it owns, keeping with the original intent management announced last year to double the brand presence in the countryside. The business will be able to investigate recent innovations thanks to the parcel of land.

Red Rock Resorts is considering deals for its current location at the northwest corner of Las Vegas Boulevard and Cactus because that is where the business intends to concentrate its future development provided the newly purchased land. The acquisition was a component of a corporate strategic plan to keep growing in regions with substantial economic potential.

The company believes most former casinos’ patrons have moved to other Station properties. However, the company has also intended to move forward with future initiatives while bidding farewell to all those properties. Regarding a potential construction area for a sizable resort, the company is collaborating with the municipality of North Las Vegas, which is the residence of 2 of the closing down arenas. The massive southwest Vegas plan will debut in late 2023.

The legendary BitStarz tournament – the Last Man Standing – was launched in 2019, just before the global pandemic hit every corner of the world. The promotion has been successful for the last three years, and it has finally come to an inevitable end where players have competed to become the final Last Man Standing. 

Players participated in this tournament every day, and only two unstoppable participants played for 1,227 days consecutively. 

BitStarz Casino has finally decided to end the tournament, bring the royale battle to a close, and offer the two winners, the stead wagerers, the so-called Last MEN Standing, and cash of €5,000 each. 

Last Man Standing was first launched in February 2019, and the tournament requirements involved wagering a minimum of €20 every day. Players who failed to meet the requirements would be eliminated from the tournament. Around 7 players succeeded and completed their journey by 26th February 2020 – Let’s admit, that’s a great achievement! 

As the competition continued, and months and years went by, only 2 participants – Iron Man and Black Widow – stood steady in their endeavors. Let’s keep the names of the unstoppable players anonymous and not forget their achievements ever!There were two options that BitStarz brought to the table – Let the two competitors keep competing until one ultimately gives in or stop the competition and give them an additional €5,000 in the name of Last Man Standing. The players have been devoted and fair and deserve to be awarded for their excellent loyalty.  Although neither Iron Man nor Black Widow can win the Last Man Standing title – because there can not be two winners – after competing endlessly for 1,227 days, the players have undeniably proved to be called the Last MEN Standing of the BitStarz amazing three-year competition.

Pragmatic Play has signed a deal with Rushbet, an additional hand of Rush Street Interactive, to offer its live casino verticals across Columbia. The deal expands the current partnership with Rushbet and Pragmatic Play, where Rushbet offers the award-winning slot portfolio of Pragmatic Play.

Recent deals signed between the two parties include products like Roulette, Blackjack, and Baccarat.

Rushbet has been offering the slot portfolio to its customers, and the response to it has been amazing. Pragmatic Play launches up to six slot titles every month, meaning customers get new themes and experiences every month.

They would now be able to enjoy the live casino verticals, which are at par, probably above, with other offerings.

Victor Arias, the Vice President at Pragmatic Play for Latin American Operations, expressed the happiness of the iGaming content supplier, saying that the relationship between the two is already strong, and the new deal expands it for a better experience.

Victor Arias said that the supplier was excited to witness the potential of the new deal with Rushbet through Columbia. Victor added that the new deal would allow them to enhance the offerings for Rush Street Interactive easily.

Valentin Birnstein, the Director of Operations at Rushbet, called the signing of the new deal an exciting step for them in expanding its partnership with Pragmatic Play. Valentin pointed out that the offerings have been well-received in the market by their customers, and live casino verticals are sure to create a lot of excitement in the industry.

Offerings that Pragmatic Play takes pride in are an addition to live casinos, bingo games, and other multi-product portfolios. These are all available through one single API.

Saying that the iGaming industry thrives on the content provided by Pragmatic Play would not be an understatement. Awards like Casino/Slot Developer of the Year 2021 and Bingo Supplier And Slot Provider of the Year 2021 justify every offering it supplies to its partners.

Its multi-product portfolio is even mobile-focused, giving users the freedom to play from wherever they want. It is a sign of a truly customer-centric approach. The internet has removed all the physical barriers between different community members, and pragmatic Play leverages this in the most professional manner possible. Every launch is innovative and available in the regulated market.

Positives for Pragmatic Play do not stop there. They expand to being available in 31 languages and acceptance of cryptocurrencies. Traditional currencies can still be utilized; however, cryptos are trending with better user offers.

Crypto deposits give users promotions like free spins and funds equivalent to the initial deposit. The network and its technical participants fully secure the blockchain-based digital currency.

Rushbet is right when it says that the customers’ offerings of Pragmatic Play are well-received, and monthly launches and wide acceptance make it more evident. The new deal has sparked excitement with customers waiting to get their hands on the live casino vertical of Pragmatic Play.

Tom Horn Gaming recently announced its new fruit-themed slot, named Fluxberry. The venture released the slot right before summer started to attract users with its juicy treats.

Based on a 5 x 4 grid, the slot will bring players into a mouth-watering berry land. It will be composed of different berries, namely strawberries, golden berries, blueberries, etc.

Besides the dynamic visuals, Fluxberry will also offer new features and wilds to players. Naturally, these features will be accompanied by free spins and flux spins. 

Even with such features to look out for, Tom Horn Gaming has notified users to pay attention to the falling jam. Whenever a player lands on this reel, they trigger more flux spins. As a result, the user will see the wilds sliding downwards. 

Once the wild has occupied one more cell, it will reach the bottom. It will end the flux round, making the game even more enjoyable. After this, customers have better chances of winning after the flux spin lands.

In addition to flux spins, players should also watch out for scatters as they can activate the free spin round. Once the round is triggered, the 1, 2, or 3 free spin reel acts as a wild. Based on the scattered number, players can score ten non-re-triggerable free spins. 

The wilds stay locked during this period as three scatters can lock them on reel 1. Similarly, four scatters can lock the worlds on reels 1 and 3. On the other hand, five scatters will initiate free spins where wilds will be locked on reels 1, 3, and 5. The setup improves the winning chances for users and can increase the payout rate to 1670 times.

Fluxberry is expected to perform well in a colorful gaming environment with different demographics. As summer starts, Tom Horn Gaming expects more players to enjoy the slot after a long and tiresome day.

iSoftBet recently joined the race for slot supremacy with its latest title, Musketeer Megaways. With the launch, iSoftBet has expanded its Twisted Tale series.

The new slot will follow the Quad Action format, allowing players to choose a single reel along with Cardinal Richelieu. Alternatively, they can join d’Artagnan with the Three Musketeers for a unique bonus round. During the four-reel bonus round, players can earn Free Spins. Musketeer Megaways is following the successful release of Golden Jokers Double Up. The slot also created a reputed image in the market, elevating Megaways’ prestige. 

Mark Claxton, iSoftBet’s Head of Games, praised the new title. According to Mark, Musketeer Megaways is currently the perfect title to expand the Twisted Tale collection. It integrates the advanced Quad Action mechanics and brings the best bonus features. In addition, its playful theme creates an impeccably immersive gaming experience.

The Head of Games added that the slot is inspired by the adventures of the popular Three Musketeers. Thus, it offers users the utmost freedom and control with different formats to suit their preferences. 

Megaways has showcased its esteemed features with 1ForAll. The classic title offers over 117,649 methods for players to win. Its four or bonus symbols activate Free Spins that occur throughout the four new reel sets. The game also possesses two random in-built modifiers, Max Megaways and Lose To Win.

The gaming provider also excelled at slots with its 4-window title, All4One. The critically-acclaimed game merged the benefits of four Megaways games in one space. Similar to 1ForAll, it offered 117,649 winning ways. 

As the Musketeers Megaways slot machine is following the success of Golden Jokers Double Up, it carries immense pressure on its shoulder. However, seeing how the market has welcomed slots recently, the feature-rich title will likely amass concrete results.

The casino giant Las Vegas Sands moves big after its sluggish revenue performance in the first quarter of 2021. The operator makes a strategic investment in StreamLayer to work on its Video Engagement Operating System (VEOS). The development is expected to accommodate more exciting games and innovative sports betting features.

Las Vegas Sands Corporation is a reputable casino resort chain from Paradise, Nevada. The operator has a global casino business under subsidiary companies and has acquired large markets like Singapore, Macau, and other Asian territories. Las Vegas Sands is the largest global casino company in the world currently.

However, the company may be losing its touch as its revenue reports for the first quarter point toward a loss of almost half a billion. The operator continues this losing momentum as the revenue is still in free fall with debts increasing rapidly. The report released by Las Vegas Sands confirmed that the revenue slumped by 21% compared to Quarter 1 in 2021.

Not only that, but the operating loss from continuing the operations in the first quarter climbed to a whopping 70%. The consolidated property EBITDA also slumped below the halfway line in the same period. While the company is considering solutions to compensate for this loss, StreamLayer reportedly receives funding to improve the VEOS platform.

StreamLayer is a Chicago-based online media platform launched in 2018. The platform offers media and streaming media tools to bring an interactive live-streaming experience to handheld devices. This audience engagement platform operates on a B2B basis and can provide custom experiences to its audience.

The VEOS proposal by StreamLayer intends to make streaming so much more than just viewing while also benefiting those that own the rights. The linear video feeds can be turned into interactive experiences with this app, and these streams can be received in the native environment and customized for the products and offerings.

The streaming industry is one of the fastest-growing areas in the digital era. Still, it currently lacks the necessary solutions for proper monetization. CEO John Ganschow from StreamLayer believes that the funding received from Las Vegas Sands will put them several steps ahead in harnessing this growing demand for streaming.

On the other hand, Las Vegas Sands can fundamentally change how live casinos have been working by leveraging the solutions offered by StreamLayer. Other utilities of this VEOS platform include watching parties, real-time game information, sports betting opportunities, and several other e-commerce options.

Sports betting seems to be the way out for the operator from its plight, given it has already made an investment in US Integrity, a sports events and betting monitor. The casino company is shifting its focus towards Asia and has already offloaded properties like The Venetian and The Palazzo in Las Vegas.

The Nevada Gaming Control Board published figures to reveal that Nevada broke the single-month record with a win of $901.1 million in the previous month, March 2022. Casinos held 7.5% of the total amount placed in the house, bringing the wagering amount to more than $12 billion.

Out of $901.1 million, an estimated $396 million came from casinos on the Las Vegas Strip, famous for holding back 8.55% of the total amount waged.

The holding is higher, resulting in a relatively more enormous amount. However, when compared to the online casino industry, a certain introspection has to be duly noted by the state.

Nevada currently runs on in-person casino gaming, and it is yet to allow the operations of online casinos to be declared valid. Online casinos registered a win of $1.355 billion for March, continuing the billion-dollar streak for another month. It is a 26.83% increase as compared to March 2021.

Despite that fact, Nevada has broken the record of a single month’s winning.

If online casinos will ever be considered in the state is a question that is often debated. There are various benefits that online casinos bring in favor of the authorities. To start with, they generate more significant revenue than offline casinos. They could still be the best source for the state to generate revenue and direct it toward the region’s development.

With the rise of cryptocurrency and blockchain technology gaining momentum in every household, it is evident that ints integration is the only way forward to grow the industry for the next generation.

Instead of keeping the online casino in the dark, giving it recognition would solve more purposes than none can quote in the books. Dealing with problem gambling would become much more manageable, considering the tools that can be deployed to ensure that players are always responsible for gambling their money.

Transparency and security are ensured with decentralized operations. Since software integrated with the interface stands for time-tested, proven fairness, there is no doubt that the results will ever be questioned.

Games like Roulette, Slots, or Table can be played live to soak in the real-life experience. Anonymity makes sure that players don’t feel insecure about revealing their identities.

The best words for online casinos are that they can go beyond the national boundaries to get as many players on board as possible. With cryptocurrency integrated, there would rarely be a problem with currency exchange.

Deposits and withdrawals are more accessible and faster. Players can enter and leave the game with a single click.

Traditional casinos would continue to operate, but there is already a chance they may go online, considering the income they have generated in the previous month.

Pragmatic Play, which is known for its intuitive slot games across the globe, came out with an exciting game this month. Named Eye of Cleopatra, the new slot will venture into the unexplored lands of Egypt with snakes, cats, birds, and Queen Cleopatra herself. The gameplay will bring exotic feelings of a journey through the desert lands of ancient Egypt. 

Eye of Cleopatra comes with a five-column interface with symbols of exotic Egyptian animals presented in four rows. Apart from that, the symbols also depict an enchanting picture of Queen Cleopatra of Egypt. The slot interface comes with a mechanical pattern given on the far right of the reels. This feature comes with eight lights that replicate the wild symbols you get during the game for better wins and bonuses.

The players can also trigger the bonus by getting the scarab symbols in the right combination during the game. The patterns and the combinations may vary depending on the type you are playing. Yes, Eye of Cleopatra allows players to choose six, eight, or ten spin games during the start. These games will carry different wild patterns and varying odds of reaching the grand prize. Users who choose games with fewer spins, like the six spins, have a better chance at the wild pattern mechanic. Alternatively, you can opt for getting a random number of spins from the game. Your odds of rewards will then depend on the risks involved in the game. It is also reported to be instrumental in landing the 4000x jackpot.

Yossi Barzely, Chief Business Development Officer at Pragmatic Play, thinks this game brings an unexpected to a widely beloved theme through the wild mechanic pattern. Furthermore, it offers intriguing gameplay that will help in engaging the players. The game’s uniqueness rests in letting the players choose their very own strategies for their games, unlike other inflexible models. Last but not least, the 4000x maximum win would be key to attracting more players to Eye of Cleopatra.

Pragmatic Play’s recent launches have been warmly welcomed by the iGaming communities worldwide. The success of games like Chicken Chase, Drill That Gold, and Barn Festival has excited the players for this new arrival. And the team believes that it will be just an addition to the award-winning portfolio of Pragmatic Play. The firm currently launches up to six slots games a month, not to mention other smaller products like live casino, bingo, poker, etc. The game content provider is en route to becoming an inevitable force in the iGaming arena.

Online Casinos, as the name suggests, are the casinos that exist over the internet. Players can participate from any part of the world to enjoy their favorite game. The rise of Cryptocurrency has spiced up the existence of online casinos.

Many users now look to utilize their digital holdings to play a game. While some online casinos are yet to integrate their operations with a blockchain-based network, many have already taken a step in this direction. Players now only need to have a digital wallet to deposit and receive their digital holdings from online casinos.

All the major games are easily accessible at an online casino. These include Roulette, Blackjack, and Slots, to mention a few. One can also try their hands at Dash casinos. They have proved to be very popular among enthusiasts because of the benefits that they offer to the players.

Softswiss Upgrades

Luck is definitely needed to withdraw handsome winnings from online casinos. A segment where one can win through their patience is with the authorities who hold control over granting licenses for the operations.

Softswiss, the online gambling software company, has finally passed the security and audit conducted by Asensi Technologies, allowing it to finally expand its operations in the Spain market.

Arseni Technologies is the testing company that has been accredited by DGOJ, short for Dirección General de Ordenación del Juego.

With the certification in place, the Game Aggregator of Softswiss will now be able to offer easy integration to the local operator. They earlier had to pass a security audit in order to be certified. Local operators will now be able to integrate game providers simply by securing one certificate.

The certificate will be between the online gaming entity and the Game Aggregator.

Tatyana Kaminskaya, the Head of Game Aggregator for Softswiss, said that the move had been on their radar for a long time, and the team was pleased to add Spain to the list of regulated markets. Tatyana Kaminskaya called the Spain market a very demanding market, an ideal place for operators and software suppliers.

The Game Aggregator, on this occasion, announced that it had launched Crypto-Exchange, a Crypto-centric feature, on the platform.

Crypto-Exchange opens the doors for everyone irrespective of the form in which they hold their currency. Prior to this update, players could only play those games that either accepted Cryptocurrency or fiat currency. Their options were limited.

Things have now changed as players can engage in any game they want. Through the in-game conversion feature, players can indulge in games that accept only fiat currency even if they hold Cryptocurrency in the balance.

Approximately 170 game providers will remain accessible through this feature. The number earlier was around 40-plus game studios. All the bets placed with Crypto will currently be registered in the US Dollar. More fiat currencies are being lined up for the future.

Andrey Starovoitov, the Chief Operating Officer for Softswiss, said that the company was pleased to move forward and open up its portfolio to the players. Andrey Starovoitov added that Softswiss would further look to simplify the player journey and gameplay experience.

Every update that comes into the market gives hope that there is a lot left for Crypto Casinos to offer. The future surely looks good and depends on how well they adapt to the changes in regulations.

There will not be a point of concern till the time Cryptocurrencies continue to gain recognition in the global market. However, they still need to address concerns around the volatility of digital currencies.

The demerger plans of the Australian gambling platform seem to be reaching a verdict after the supreme of New South Wales called for a shareholder vote. The proposal for the demerger of Lottery and Keno was reportedly put forth in the best interest of the shareholders. However, the plan remained on hold since last year as the company was making a strategic review and assessment of the proposed model. As the plan is getting close to becoming year-long, the shareholders will be convening to decide on the demerger on the 12th of May, Following the court order. The demerger was initially proposed last July as the Tabcorp share values dipped. 

Significantly. Planning to maximize the share values, they suggested the creation of two separate companies, Lotteries & Keno and Wagering & GamingCo, registered with the Australian Securities Exchange. The distinct growth strategies, operating profiles, and market opportunities were expected to value each business separately. The idea was to re-rate the two companies and look for potential market opportunities.

The fast-growing cryptocurrencies are looked at as one of the potential areas for the Lottery and Keno to explore once the demerger happens. Tabcorp is looking serious about its ventures into crypto keno and lottery opportunities. When the demerger happens, this firm will expect institutional-level investments to boost its value. However, attracting investment needs the company to prove potential markets and opportunities. In that case, the crypto ecosystem would be a great addition to the company’s portfolio.

The other company, Wagering & GamingCo, already has wagering operator TAB, gaming services provider MAX, and other broadcasting and media services in its portfolio.

Previously, an independent expert was appointed to assess the advantages and drawbacks of the demerger. After extensive study, Grant Samuel, who was appointed for this job, concluded that the demerger would be in the best interest of the shareholders. In addition to this, the proposal also comes with unanimous support from the board of directors. The Tabcorp Board also expects a vote on capital reduction. Along with the demerger, this strategy will also be subjected to shareholder vote during the convention in May.

All the information regarding the demerger and the independent report will be made accessible to shareholders on the 8th of April. The scheme meeting will be organized along with the generator meeting on the 12th of May. The meeting will take place in the Whitelty Ballroom of Amora Hotel in Sydney. However, the shareholders are also given the option to attend the meeting via video conferencing.

Bitcoin casinos are on the rise. A lot can be accredited to the increase in the adoption of Cryptocurrency. As more people come on board, casinos line up themselves to upgrade to the latest blockchain-based technology.

These casinos enable their players to utilize their crypto holdings to participate in casino games. They are normally considered to be safe as they offer full control to the users and maintain anonymity surrounding their identity on the internet.

A lot is similar to traditional offline casinos except for the fact crypto casinos allow players to deposit funds and withdraw their winnings in the form of a digital asset.

Background

Bitcasino is a crypto casino that enables players to place their bets using their preferred cryptocurrency. It allows players to deposit cryptocurrencies like Bitcoin, Litecoin, and Ethereum, to name a few.

Once deposited, players can enjoy a large number of games – 2800, to be more specific. Games include slots, table games, and live dealer casinos. The very popular Crypto Blackjack is also available on the platform. The game has gained popularity among every type of player, whether a new entrant or an experienced one.

Bitcasino is a part of Yolo Group, and it was launched in 2014. The Crypto casino has come a long way since then. It has achieved the in-house development of various features and rewards solely based on the feedback received from the players.

Bitcasino focuses on user feedback and continues to seek feedback from players to improve itself in the future.

It is reportedly the first crypto casino that withdrew its welcome offer. The move was taken in favor of its Loyalty Club, which allows players greater control over their gaming experience. Bitcasino offers the fastest withdrawal time of 1.5 minutes, the best in the industry.

Tekno Miles Joins Bitcasino

Bitcasino has found itself a new Global Ambassador. The Afropop star Tekno Miles has joined the team as its main face, especially in the West African region.

A popular producer in West Africa, Tekno Miles will now feature in a series of promos for Bitcasino over the next two years. He will attempt to encourage the audience through the promos to join the crypto revolution.

Tekno Miles will also deliver a VIP experience to the players who sign-up at the platform. The VIP experience includes a chance for the players to earn amazing experiences. For instance, they will be able to win a personal invitation to join the executive box for watching Premier League matches.

When asked, Tekno Miles called Bitcasino a fun and fair place to play the games. He called cryptocurrency a game-changer and said that he could not be happier to work with Bitcasino, the best one out there.

Tauri Tiitsaar, the Director of Casino at Yolo Group, responded to his statement by saying that the company was thrilled to have him as a Global Ambassador. He highlighted that the goal was to bring crypto education closer to the fans of Tekno Miles while also offering more entertainment to the players.

Monarch Casino and Resort is a rapidly developing company with steady statistical growth that is often the best option for long-term income generation. In the share market, what one must be concerned about is the EPS value or Earnings Per Share. Fortunately, Monarch Casino and Resort has shown annual growth of 25% for the last three years. This alone can make the investors line up for the Monarch shares. As it is a growing company, these shares become the optimal option for a long-term investment.

Although Monarch’s revenue from operation might seem a little off the line, its EBIT, or earnings before interest and tax, has been revamped up to 11% and currently stays at 21%. This comes as good news for those considering Monarch as an investment option.

Insider Involvement

The insider traffic in a share is a good sign for the investors to consider the share. It is encouraging to see insiders taking a significant interest in the Monarch shares. Around half a billion is currently invested in Monarch’s shares by the insiders. This investment covers around 30% of the entire volume of the shares. So one can sigh in relief that the intentions of the insiders and external investors seem to be on the same line.

Remuneration Level

Although not very significant, another factor to consider in a company is the CEO remuneration. A market cap between 1 billion and 3.2 billion expects an average CEO remuneration of around 3.6 million. With 2.3 million, Monarch clearly falls short in this aspect. However, it could also be a sign that the company values the shareholders’ interests and is decisive in its intentions.

Conclusion

When it comes to shares, we cannot say that there is one standard method of investment. It depends on the individual requirements. But essentially, everyone looks for a profit, be it for a short time or long. Given the data, we cannot deny that the growth rate of Monarch has been attractive enough to put one’s money in.