Industry News Roundup as New Jersey Witnesses Revenue Decline
With the end of the year fast approaching and the gambling industry as busy as it has ever been, we take a look at the most popular events that are making the headlines.
While the industry is certainly as busy as ever, one US state that has witnessed unusual events is New Jersey.
Although gambling revenue continued to increase in November year-on-year by 9.4 per cent, monthly revenue for this year has declined.
This, though, can certainly be interpreted, in the grand scheme of things, as slightly deceptive when thinking about the bigger picture. Effectively, the state has been a victim of its own success, especially after such an explosive start to the year.
The US is one of the fastest growing markets in the global gambling industry and the state of New Jersey has been a big component of that over the last few years. For November alone, the revenue that was recorded was by no means meagre. The scores on the doors for casinos, racetracks and their associated partners was a staggering $482.4 million for November - 6.6 per cent behind October - essentially nothing in terms of the bigger picture.
All eyes will be on December, especially as with the congested sporting calendar, in addition to the festive season, where people have significantly more time available.
PointsBet strikes long term deal with Strive Gaming
It has been revealed that the fast emerging online operator, PointsBet has struck a long term deal with software provider Strive Gaming as the firm looks to continue to gain a foothold in the increasingly popular Canadian market.
The Australian brand has witnessed considerable success over the last few years, especially with its impressive growth trajectory.
There is hope that the technological capabilities of Strive Gaming will help PointsBet to improve its internal gaming offerings as it looks to ramp up its operations over the next 12 months and beyond in a market that is primed to challenge the majors.
Octoplay moves into Romania
Online gambling software provider, Octoplay has secured entry into yet another European market after forging a supplier deal with prime operator brand Superbet.
As a result, it will see a content deal be established with Superbet looking to increase its portfolio of games that players have available to them over the next 12 months.
It is positive news for the developer, which has witnessed steady growth over the last year and there are expectations on both sides that this will be an equally mutually beneficial relationship.
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