Outgoing ADM chief criticises government over departure

first_img Benedetto Mineo takes the helm at Italian regulator Outgoing ADM chief criticises government over departure Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 13th August 2018 | By contenteditor Casino & games Regions: Europe Southern Europe Italy Email Address Topics: Casino & games People Sports betting Strategy Poker Giovanni Kessler has hit out at the decision by the Italian coalition government to remove him as head of national gambling regulator Agenzia Dogane Monopoli (ADM).Last week, it was confirmed that Benedetto Mineo will head up the ADM, but Kessler (pictured) has criticised the move, saying it “jeopardises impartiality”.Kessler also accused the government of “political cleansing”, adding that he was “reset” from his role at the ADM.“I was reset by the government as head of the ADM on the basis of a real or alleged party membership,” Kessler said, according to PressGiochi.“[There was] no evaluation of skills, projects, results. A political cleansing spoils system.”The change comes after the Italian government last week also signed off on the Lega-5Star ‘Dignity Degree’, which includes new laws that will ban gambling advertising in the country.The changes will not come into full effect until January 1, 2019, and operators will have until June 30 next year to comply with changes, but the move has led to widespread criticism.Maarten Haijer, the secretary general of the European Gaming and Betting Association, branded the ban on gambling advertising as impractical and “counterproductive”.Paddy Power Betfair has also spoken out against the ban.Speaking after the bookmaker last week unveiled its first-half results, chief executive Peter Jackson said the firm is seeking to achieve “podium position” in all regulated markets where it is active, including Italy.Although Jackson said while this could be possible through organic growth and mergers and acquisitions, the ad ban could hamper progress and it could be forced to pull out of the region.“I guess, as a last resort, if you couldn’t make any of those things happen, then you might choose to exit the market,” Jackson said, according to The Times. “It’s quite tough in Italy when you can’t advertise to grow.” Tags: Card Rooms and Poker Online Gambling OTB and Betting Shopslast_img read more

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TAB brand replaces UBET across Australia

first_img UBET customers transferred to TAB in the biggest move since last year’s Aus$11bn Tabcorp-Tatts merger Topics: Sports betting TAB brand replaces UBET across Australia Betting brand UBET has ceased to operate across Australia from today with customers transferred to TAB in the biggest consumer-facing shake-up since the Tabcorp-Tatts Aus$11bn merger a year ago.Tatts’ UBET brand will disappear from Queensland, South Australia, Tasmania and the Northern Territory, where Tatts held exclusive retail betting licences. All its venues will be rebranded, and sponsorship agreements changed to the TAB brand, alongside the UBET app and website.The merging of the two brands means that TAB – already active in Victoria, New South Wales and the Australian Capital Territory – is now available in seven of the eight Australian states. The changes to around 1,300 retail properties will be completed by the end of March.The company said it believes former UBET customers will benefit from a more comprehensive service, such as the addition of Sky Racing content already available on TAB.“The changing of brands from UBET to TAB is one of the largest customer rebranding exercises in recent history in Australia and is a significant key milestone in the post-merger integration of the former Tatts operations into Tabcorp,” said Adam Rytenskild, Tabcorp’s managing director of wagering and media.“We have already made a number of significant changes in the UBET states. These have included the rollout of our digital commissions model for venues and substantial fixed-odds improvements.“The rebranding is the first significant customer-facing change and a key step in our effort to improve the performance of the UBET business.”Tatts launched UBET in 2015 to replace its former TattsBet brand across the four states where it was operational. UBET’s launch coincided with high-profile partnerships with AFL Aussie Rules football teams Port Adelaide and Gold Coast Suns and Australia-based touring car championship V8 Series.Plans to merge UBET with TAB were announced when Tabcorp and Tatts combined last December, with Tatts shutting down its Luxbet online betting business just days after the deal completed.Tabcorp’s financial results for the year to June 30, released in August, showed that TAB’s revenue rose 2.5%, while UBET’s fell 0.7% despite a better second half that saw its first revenue growth since 2015. Total wagering revenue was at $2.19bn, with EBIT at $261.7m.In a statement at the time, Tabcorp CEO David Attenbrough said: “[UBET] has had hard years of decline, it’s got a weak brand … it didn’t have scale, it didn’t have the range of products and investment required for it to compete.“The stronger performance of TAB relative to UBET highlights the opportunity to improve the UBET business across its digital and retail channels, products and yield management.”Tabcorp said it had delivered initial merger synergies of $8m in earnings before interest, tax, depreciation and amortisation in the 2018 year. It is aiming for $50 million in synergies in 2019 and said it remains on track to deliver $130m in EBITDA by the 2021 financial year. Regions: Oceania Australia Subscribe to the iGaming newslettercenter_img Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 17th December 2018 | By contenteditor Email Addresslast_img read more

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New Dutch figures show surge in illegal online gambling

first_img30th January 2019 | By contenteditor Legal & compliance Email Address Survey commissioned by Holland Casino shows 20% rise in participation ahead of Remote Gaming Bill’s returns to parliament next week Regions: Europe Western Europe Netherlands Tags: Online Gambling The number of people gambling illegally online in the Netherlands has grown by 20% in the last two years, according to a new report commissioned by Holland Casino.Just a week before the issue of legalising online gambling returns to the Dutch Senate, a survey of 18,000 citizens conducted by research and strategy consultancy Motivaction found that 1.8m people are now betting via unlicensed sites in the Netherlands – 300,000 more than 2016.Despite the rise in the number of players, Motivaction found that the market remains worth around €600m annually.Two thirds of frequent players – judged to be those that gamble at least seven times a year – would rather play with a licensed operator. Motivaction suggests that the Dutch Treasury is missing out on up to €175m in tax revenue every year after the progress of legislation that would introduce a regulated system stalled in the national legislature almost three years ago.Erwin van Lambaart, director of Holland Casino – the state-owned company which has the legal monopoly on gambling in the Netherlands – said he hopes lawmakers will legalise online gambling to allow licensed operators to thrive.“More and more Dutch people gamble totally unprotected on the internet,” he said. “They do so with international providers who are established on sunny holiday islands with dubious regulations.“Moreover, these companies do not pay gambling tax and that is unfair competition.”Last June, it was revealed the country’s coalition government intends to resume the process with the aim of introducing new regulation by 2020.The Senate will debate the Netherlands’ Remote Gaming Bill on February 5, with the legislation having been passed by the House of Representatives in 2016.It is believed a slim majority of Senators will back the legislation, which would create a regulated market where operators are able to apply for licences. Last year, Sander Dekker, Minister for Legal Protection, proposed additional measures that should significantly reduce the risk of problem gambling.Looking to stem fears of a rise in addiction, Van Lambaart said that Holland Casino has developed technology that can identify problem gambling.“Smart algorithms in the software allow us to immediately see if someone’s playing pattern changes drastically,” he explained.Dutch gambling regulator Kansspelautoriteit (KSA) issued a record €1.7m (£1.5m/$1.9m) in fines to companies that breached rules and regulations throughout 2018.The regulator handed out a total of 23 sanctions over the course of the last year, including seven administrative penalties, 12 penalties and four charges under administrative coercion.Betclic Everest Group’s Bet-At-Home, Betsson subsidiary Corona, Mr Green operator MRG, CyberRock Entertainment and its Honeydew subsidiary, and William Hill were all found to have illegally targeted Dutch players online. Topics: Legal & compliance Subscribe to the iGaming newsletter New Dutch figures show surge in illegal online gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Optimove iGaming Pulse – April 2019

first_img Tags: Mobile Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter iGamingBusiness.com has agreed a new partnership with marketing and customer retention specialist Optimove to bring readers exclusive insights into player habits from a range of different markets, across all igaming verticals. In April’s edition, research lab team leader lead Omer Liss reports on an uptick in player activity and investigates the impact of the first leg of Tottenham Hotspur’s Champions League semi final against Ajax Amsterdam.The below data is available here exclusively before being made publicly available next week.Looking at Optimove’s iGaming Pulse for April, we see that just in time for Spring, bettors are waking up from their winter slumber.Following a slower March, sports and casino operators are showing monthly revenue per player numbers up 17% on average (from €76 to €88.) There’s also a steadily rising trend in the new players retention rate from the beginning of January 2019 from 37% to 40%.Putting seasonality aside, monthly deposits show a year-on-year lift of 27% from April 2018 to April 2019, and the new retention rate shows a 39% uplift compared to April last year. Conversion is up 47% year-on-year.In sports, monthly revenue per player shows an increase from €61 to €73 on average: a 20% uplift per player, which may be explained by players’ activities around the quarter finals and one semi-final game in the Champions League which occurred during April.When comparing all countries’ average deposit amount to the Netherlands’ average deposit amount, we see that in the Netherlands, the average deposit amount is almost 60% higher than the total average for all countries.That staggering figure pales in comparison to the UK’s average deposit amount which was 130% (!) higher than the total average for all countries. Both of these metrics can be explained by the Champions League semi-finals game between Ajax and Tottenham, which occurred on the very last day of April.Another interesting sports insight shows a continuously rising trend in new retention rate following a drop in August 2018 due to the aftermath of the World Cup. The rise is steady at 48% since August 2018, and 13% year-on-year.In Casino, we see the average number of monthly deposits per player is up 16% year-on-year.The monthly revenue per player is showing a rising trend in general, going up to €100 per player in April 2019, compared to €77 in April 2018. There’s a rising trend in monthly revenue per player, and at the same time, a steady average deposit amount. One explanation for this could be that players are making smaller deposits more often, meaning they are more active and engaged with brands.Another interesting observation is the mobile bet rate which shows an overall rising trend of 8% year-on-year, and 2% month-on-month. Over all, more than half of the bets (52%) made this month were made via mobile. The mobile bettors ratio is showing the same rising trend.KPI Close-up: Margins: Margins are determined by calculating the following:Margin = 1 – (win amount divided by bet amount)Simply explained, the margin is the profit an operator makes from any bet a customer places. A 10% margin means that for every 100 the bettor places, the operator makes 10.  While the margin for sports betting is higher, casino betting has higher rollover, so in fact, operators profit more from their casino players than their sports players.Omer Liss: Omer Liss leads the Strategic Services research team at Optimove, helping leading marketers optimize their customer retention strategy. As a marketing data scientist, Omer has vast experience consulting clients, analyzing their customer data and revealing actionable, data-driven marketing insights. Omer holds a BSc in Industrial Engineering and Management, specializing in Information Systems.About iGaming Pulse: iGaming Pulse is an industry benchmark tool for the gaming sector. iGaming Pulse enables gaming operators to accurately assess their overall performance against industry-wide key performance indicators. Its figures are updated on a monthly basis. It enables gaming operators to gain a clearer understanding of how their KPIs compare against the rest of the industry, broken down by geography and game type. This type of data, which is made publicly available for the first time, provides operators with the ability to conduct comparative analysis and derive insight into how their performance compares with industry averages.iGaming Pulse comprises of data collected from over 200 online casinos and sports betting companies, including industry giants and boutique operators, providing an accurate, statistically significant sample of the industry. Access to this information is vital for operators that are limited to only their own data. Optimove’s iGaming Pulse is now fully accessible, ensuring operators will have a clearer overview of how they compare to the industry. Email Address iGamingBusiness.com has agreed a new partnership with marketing and customer retention specialist Optimove to bring readers exclusive insights into player habits from a range of different markets, across all igaming verticals. In April’s edition, research lab team leader lead Omer Liss reports on an uptick in player activity and investigates the impact of the first leg of Tottenham Hotspur’s Champions League semi final against Ajax Amsterdam Casino & games Regions: Europe UK & Ireland Western Europe Netherlands Optimove iGaming Pulse – April 2019 Topics: Casino & games Marketing & affiliates Sports betting Strategy 3rd May 2019 | By contenteditor Subscribe to the iGaming newsletterlast_img read more

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Enlabs reshuffles senior management with new COO and CFO

first_img Subscribe to the iGaming newsletter Email Address Enlabs reshuffles senior management with new COO and CFO 4th December 2019 | By contenteditor People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Baltic-facing gaming operator Enlabs has made a number of changes to its senior management, including appointing George Ustinov as its new chief operating officer and Adam Jonsson as chief financial officer.Ustinov will move into his new role having previously served as CFO of Enlabs. He will oversee operational work in Enlab’s main markets, as well as head up its expansion efforts in new regions.Jonsson had been controller and head of investor relations at the operator since 2018 and will move into his new position having worked alongside predecesor Ustinov for the past year.“George has done a very good job as CFO and has gradually become more involved in the operational work,” Enlabs president and chief executive Robert Andersson said. “As we now prepare for the next phase of growth, I want George to be able to dedicate full time to developing the operational business as COO and deputy CEO.“Adam has already shown great competence in managing responsibility for many of the financial parts and, for the past year, has been part of the management team as responsible for investor matters, which is a natural step for him to assume the CFO role.”The appointments come after Enlabs last month posted record revenue for the third consecutive quarter, breaking the €10m (£8.5m/$11.1m) barrier for the first time. Revenue was up 32% year-on-year in the third quarter.Also last month, Enlabs announced that it had completed its acquisition of KDB Games, a land-based gaming business in Belarus, as part of its preparations to apply for an online gambling licence in the country. The deal, first announced in August, is worth around €127,000, with Enlabs to purchase all of the shares in KDB. Baltic-facing gaming operator Enlabs has made a number of changes to its senior management, including appointing George Ustinov as its new chief operating officer and Adam Jonsson as chief financial officer. Tags: Online Gambling Topics: People Strategy Regions: Europelast_img read more

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EGBA joins opposition to Swedish casino restrictions

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games The European Gaming and Betting Association (EGBA) has criticised the online casino restrictions set to come into force in Sweden next month as “not evidence-led” and warned they may do more harm than good for Swedish player protection.Proposed by Minister for Health and Social Affairs Ardalan Shekarabi, the restrictions would set an SEK5,000 (£401/€459/$495) mandatory weekly deposit limit and a SEK100 cap on bonuses from 1 June to the end of 2020.Maarten Haijer, secretary general of EGBA, said the restrictions could end up doing more harm than good.“We understand that politicians seek to reassure and protect their citizens during these difficult times, but the proposed gambling restrictions could actually harm more customers than they protect,” Haijer said. “Many Swedes are already gambling on unlicensed websites and these restrictions will make unlicensed websites – which don’t apply any limits – even more attractive to them.”EGBA said that the regulations were “not evidence-led” and the more effective way of preventing problem gambling during lockdown would be to focus specifically on at-risk customers. The Association cited data from Belgium, Denmark and Great Britain as well as H2’s global gambling forecasts, all of which it said proved online gambling has decreased “substantially”.“Rather than one-size-fits-all restrictions, which will have no effect on the majority of customers and jeopardise consumer protection for those they seek to protect, EGBA supports targeted measures, including tailored interventions, to protect those at risk of problem gambling at this time,” it said.EGBA echoed the Swedish Gaming Authority’s (Spelinspektionen) sentiments towards the rules, which the regulator said could have a negative effect on channelisation towards the licenced market in Sweden“The deposit limit could, as Spelinspektionen rightly warn, drive high-spending players towards unlicensed websites which undermine their consumer protection – these websites are readily available, easy to access and do not apply any limits or responsible gambling measures, including the country’s Spelpaus self-exclusion scheme,” EGBA added.Haijer concluded by saying that top-down regulation is rarely the most effective way to solve problem gambling issues.“We must remember gambling is human behavior, consumers will always make their own choices and top-down regulation rarely works. In this case, it could have detrimental or counterproductive effects by pushing more gambling onto unregulated websites.”Many businesses active in the Swedish market have also criticised the controls. Cherry warned that the controls could make it harder to track changes in customer habits and spending as players would move between operators more frequently.AB Trav och Galopp (ATG) said it supported efforts to improve safeguards, though also noted that it has seen no increase in unhealthy play among its customer base.Henrik Tjärnström, chief executive of Unibet operator Kindred, called the proposals “an open invitation to illegal gambling sites”, while  Svenska Spel chief executive Patrik Hofbauer argued existing regulations set out each operator’s responsibilties to customers, meaning that additional controls were unnecessary. 18th May 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter EGBA joins opposition to Swedish casino restrictions Regions: Europe Nordics Sweden Tags: Online Gambling Topics: Casino & games Legal & compliance The European Gaming and Betting Association (EGBA) has criticised the online casino restrictions set to come into force in Sweden next month as “not evidence-led” and warned they may do more harm than good for Swedish player protection. Email Addresslast_img read more

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888 expects to surpass earnings expectations for 2020

first_img Tags: Card Rooms and Poker Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 888 expects to surpass earnings expectations for 2020 26th June 2020 | By contenteditor Topics: Casino & games Finance Sports betting Poker Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business.Though 888 is yet to publish its results for the first quarter, an update released on 24 March showed that the operator traded well in the period, and the operator claims this continued in the period from the end of March to 23 June.Average daily revenue for the entire year-to-date to 23 June was up 34% compared to 2019, which 888 said reflected higher levels of customer acquisition during the second half of 2019 across several regulated markets.The operator said it also benefited from a structural shift towards online services that accelerated across several consumer-facing verticals in recent months, due in part to the shutdown of land-based gambling as a result of the pandemic.888 noted a particularly encouraging performance within its poker business, and while sports betting was hit by the cancellation of events due to Covid-19, it saw a better-than-expected customer reaction to the return of competitions in recent weeks. During June so far, the sports revenue run-rate was ahead of June 2019.However, 888 also said it was mindful of possible headwinds in the second half of 2020 including the potential for a period of prolonged global macro-economic uncertainty that could impact consumers’ spending on its products.Despite this, the 888 board said it is confident the operator will “significantly” surpass its EBITDA expectations for the full year“We are pleased with 888’s trading during the year to date which has resulted in the board now anticipating that adjusted EBITDA for 2020 will be significantly ahead of its prior expectations,” 888’s chief executive Itai Pazner (pictured) said.“This performance builds on 888’s strong customer acquisition during 2019 and our continued focus during recent years on entertaining a greater number of recreational customers.”Pazner also noted that 888 is now in the early phases of enabling some teams to return to its offices, with a number of new guidelines and measures in place to help protect all workers.“Our global teams have demonstrated fantastic flexibility and commitment as they have had to adapt to new ways of working over recent months,” he said.“888 is well positioned to continue to benefit from a potential long-term shift towards online services that we have seen accelerate across several consumer industries during the Covid-19 pandemic.”The trading update comes after 888 in April revealed that revenue increased to a record high of $560.3m (£451.6m/€499.6m) in 2019, but profits fell as gaming taxes and other expenses increased.Revenue was up 5.7% year-on-year, with 888 saying revenue from regulated and taxed markets represented a record $414.6m of this total in 2019.center_img Subscribe to the iGaming newsletter Casino & games Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business. Email Addresslast_img read more

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Strong digital growth helps Lotto NZ beat FY projections

first_imgRevenue for the year – after goods and services tax – amounted to NZ$1.31bn (£672.1m/€742.3m/US$871.3m), up 12.9% on the previous year and ahead of Lotto NZ’s $1.19bn projection for the period. Full year results 2020 Sales for the year to 30 June rose 17.0% to $1.38bn, beating the lottery’s target by 12.2%. As a result, this left Lotto NZ with a $20.1m profit for the year, having not been able to post a profit in the previous 12-month period.  “This has delivered performance that is significantly ahead of both MyLotto sales and player targets for the year.” Looking at outgoings for the year, total expenses edged up 1.7% to $70.6m, though spending was reduced in some areas, including marketing and retail support, where costs were cut by 16.6% to $20.6m. Lotto, Powerball and Strike sales amounted to $1.17bn, up 23.0% on 2018-19, which Lotto NZ put down to higher sales activity driven by two high Powerball jackpots during the year. Gaming system expenses, excluding depreciation, was cut from $7.5m to $7.2m, but intangible asset amortisation was 3.3% higher at $3.1m. Property, plant and equipment depreciation charges climbed 29.6% to $7.0m, and employee remuneration increased 20.6% to $19.9m. However, Instant Kiwi sales were down 4.4% to $166.2m, due to reduced retail trading as a result of the Covid-19 crisis, while other sales were also hit by the pandemic, with sales for Keno, Bullseye and Play3 down 3.0% to $49.3m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Lottery Full year results 2020 Online lottery Retail lottery State monopoly The New Zealand Lottery Commission (Lotto NZ) was able to surpass expectations and post a profit during its 2019-20 fiscal year, with a strong digital performance offsetting the impact of novel coronavirus (Covid-19) on retail sales. “We have continued to drive demand for our games in order to deliver positive results in the short term,” Lotto NZ said. “This is reflected in the strong financial sales performance experienced during the year, despite the impact of the Covid-19 Alert Level 4 lockdown on retail sales.” Tags: Finance Lotto NZcenter_img Despite the retail shut-down, the channel remained Lotto NZ’s main source of income in 2019-20, with total sales reaching $953.8m, up 0.6% on last year, but below its target of $984.4m as a result of Covid-19 restrictions closing retail outlets. Regions: New Zealand Strong digital growth helps Lotto NZ beat FY projections Profit before distributions to the NZ Lottery Grants Board amounted to $333.5m, up 27.7% on the previous year, with Lotto NZ paying $313.4m to the Board in 2019-19. Confirmation of growth in 2019-20 comes after Lotto NZ in July warned of an possible decline in sales in 2020-21, having taken what it described as a “conservative” approach to setting out its expectations for the year due to uncertainty over the long-term impact of Covid-19. 28th October 2020 | By Robert Fletcher Sales are expected to amount to NZ$1.23bn in the coming year, which would be 6.1% lower than 2019-29, while the amount to be paid to the Lottery Grants Board is set to be around 10.7% lower at $280.0m. Cost of sales climbed by 15.6% year-on-year to $907.5m, leaving Lotto NZ with a gross profit of $404.1m, up 20.1% on last year. Subscribe to the iGaming newsletter Digital sales amounted to $430.6m, an increase of 89.2% on last year and some way ahead of the $270.2m target, as Lotto NZ’s platforms saw more traffic as a result of retail closure enforced by Covid-19. “While many players returned to playing in retail after the lockdown, we saw a large proportion continue to engage with us through both channels reflecting the importance of an omni-channel approach,” Lotto NZ said. Email Addresslast_img read more

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Wonderland Wilds by Stakelogic

first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Go-live date (expected):25/02/2021Game special features:-Pick & click -Free spins -Super Stake -Gamble featureNumber of paylines:20Number of reels:5 reels, 3 rowsRTP% (recorded/theoretical):95.6% (With Super Stake 95.6%)Variance/volatility:3/5 (With Super Stake 4/5)Number of symbols to trigger feature/bonus?3Number of free spins awarded?6-10Stacked or expanding wilds in feature play?YesNumber of jackpot tiers?NoAuto-play function?Yes 9th February 2021 | By Aaron Noy Slots Leap through the rabbit hole and journey to the magical Wonderland Wilds. center_img Topics: Casino & games Slots Wonderland Wilds by Stakelogic Subscribe to the iGaming newsletter Enjoy a free spins picnic through the looking glass, where all kinds of random bonuses await. On the bonus buffet menu: sticky, added and transformed wild symbols; stacked symbols; a double win multiplier or even more free spins. Activate Super Stake to enjoy more bonuses during free spins – have fun and don’t be too late!last_img read more

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Churchill Downs to sell Illinois’ Arlington Racecourse site

first_img24th February 2021 | By Daniel O’Boyle Horse racing Image: Marswilsalc THe operator, however, said it remains committed to running Arlington’s 2021 racing calendar, which lasts until 25 September. It said it does not expect the sale to close before this date, nor does it expect the sale to impact the schedule in any other way. Churchill Downs Incorporated has launched the process to sell the Arlington International Racecourse in Arlington Heights, Illinois, with plans for the new owner to redevelop the site. Subscribe to the iGaming newsletter Regions: US Illinois Read the full story on iGB North America Real estate business Coldwell Banker Richard Ellis (CBRE) will market the property to new developers. Topics: Finance Sports betting Horse racing Churchill Downs Incorporated chief executive Bill Carstanjen said the racecourse’s location should make it an attractive property site for buyers. Tags: Churchill Downs Bill Carstanjen Churchill Downs to sell Illinois’ Arlington Racecourse site AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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