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TAPPP & BetMGM Announce Distribution of BetMGM Gift Cards in Ontario, Canada
Prnewswire· 2025-07-08 12:00
Core Insights - BetMGM has launched its gift cards in Canada, marking the first sportsbook-branded gift card available in the country across 2,500 retail locations [1][2] - The gift card program allows players to fund their iGaming and sportsbook accounts securely via PIN redemption, with a 99% redemption rate reported in the U.S. [2][3] - Ontario is identified as a strong market for sports betting and iGaming, with BetMGM being a top-tier operator in the region [3] Company Overview - TAPPP is a leader in flexible payment options and has established a retail network covering over 50,000 locations across the U.S. and Canada [7] - BetMGM is a market leader in sports betting and gaming entertainment, formed through a partnership between MGM Resorts International and Entain Plc, and offers various online gaming services [8] Market Expansion - The BetMGM gift card program initially launched in the U.S. in September 2021 and has since expanded rapidly across 15 states [3] - The introduction of gift cards in Canada represents a significant step in BetMGM's expansion strategy into new jurisdictions [2][3] Responsible Gaming - BetMGM emphasizes responsible gaming education and provides resources through the GameSense integration on its platforms [4]
DraftKings Launches “My Budget Builder” to Enhance Its Responsible Gaming Tools and Resources
Globenewswire· 2025-06-30 17:00
Core Insights - DraftKings has launched a new Responsible Gaming tool called My Budget Builder, aimed at helping players manage their entertainment budgets across various platforms [1][2] - The tool allows players to set customized limits and reminders for their gaming activities, reflecting DraftKings' commitment to promoting responsible gaming [2][3] Group 1: My Budget Builder Features - My Budget Builder is designed to be intuitive, proactive, and personalized, enabling players to create a gaming budget based on deposit amounts, total wagers, maximum wager size, loss limits, time spent, contest entries, and contest fees [2] - Players can set limits or reminders for a specified duration (e.g., day, week, or month), and while limits can be decreased at any time, they cannot be increased until the selected time period expires [2] Group 2: Commitment to Responsible Gaming - The introduction of My Budget Builder enhances DraftKings' existing Responsible Gaming initiatives, which focus on accessibility, education, and innovation [3] - This new tool complements the previously launched My Stat Sheet, which has recorded over 20 million visits and provides players with insights into their gaming activity [3] Group 3: Company Overview - DraftKings Inc. is a digital sports entertainment and gaming company that operates in various sectors, including daily fantasy sports and regulated gaming [5] - The company is headquartered in Boston and is the only U.S.-based vertically integrated sports betting operator, with operations in 28 states and Ontario, Canada [5]
BetMGM Champions Women's Sports with Las Vegas Aces and WNBA Partnerships
Prnewswire· 2025-05-28 13:30
Core Insights - BetMGM has entered into a partnership with the Las Vegas Aces, becoming the exclusive online casino and sportsbook partner for the WNBA team through the 2027 season, marking its first major collaboration with a women's professional sports franchise [1][2][3] - The partnership includes various promotional activities, such as signage at the Michelob ULTRA Arena, sponsorship on Aces' social media, and exclusive experiences for BetMGM players [1][2] - BetMGM will also serve as an authorized gaming partner of the WNBA, gaining commercial inventory on nationally televised games and the rights to co-branded content [2][3] Partnership Details - The "BetMGM Steals for Meals" program will donate $50 to The Just One Project for every steal made by the Aces during home games, aimed at supporting food-insecure families [3][4] - BetMGM plans to launch a WNBA-branded online slot game, which will be the first-ever WNBA online casino game, available exclusively on its platform [2][3] Market Growth - BetMGM reported a 133% year-over-year growth in betting on the WNBA during the 2024 season, reflecting the increasing popularity of women's sports [4] - The WNBA has seen significant growth in fan engagement, and BetMGM aims to leverage this momentum by expanding its betting markets and enhancing fan experiences [5] Company Background - BetMGM is a leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain Plc, and has exclusive access to MGM's U.S. sports betting and online gaming operations [7] - The Las Vegas Aces have achieved notable success, including back-to-back WNBA Championships in 2022 and 2023, and have established a strong fan base, selling out their season ticket allotment in 2024 [8][9]
Best PayPal Casinos 2025: High 5 Casino Ranked Top PayPal Casino
GlobeNewswire News Room· 2025-05-19 20:30
Core Insights - High 5 Casino has been recognized as the best PayPal casino of 2025, setting a new standard in digital gaming experiences through extensive evaluations and user feedback [1][2][12] User Experience and Engagement - User preferences significantly influenced High 5 Casino's development, with player surveys and data-driven insights helping to optimize operations for seamless PayPal integration [2][9] - The platform offers a user-friendly registration process, allowing new players to secure a 150% sign-up bonus [3][4] Financial Transactions - High 5 Casino emphasizes fast deposits and withdrawals through PayPal, ensuring players experience no delays during transactions [4][6] - The integration of PayPal is designed to facilitate frictionless transactions, enhancing overall user satisfaction [9] Security Measures - High 5 Casino employs robust security measures, including industry-leading encryption protocols and fraud detection systems, to protect player information and transactions [7][10] - The platform's commitment to security is reinforced by its collaboration with PayPal, ensuring multi-layer authentication and end-to-end encryption [7] Game Variety and Quality - The casino boasts a diverse game library, including slots and poker, developed in-house and in collaboration with renowned software providers, offering immersive themes and dynamic animations [8][12] - Players have praised the variety of games available, which enhances their gaming experience [8] Responsible Gaming Initiatives - High 5 Casino prioritizes responsible gaming by providing tools linked to PayPal for setting deposit limits and self-exclusion features, aligning with global responsible gaming organizations [10][11] - The platform's commitment to ethical gambling practices is highlighted by its user-friendly configuration of responsible gaming tools [10] Customer Support - High 5 Casino offers 24/7 customer support, including a dedicated PayPal support line for transaction-related issues, enhancing user satisfaction [11][12] - The specialized support channel ensures quick resolution of payment-related concerns, further solidifying its top ranking among PayPal casinos [11]
Flutter Q1 2025 - Shareholder Letter
GlobeNewswire News Room· 2025-05-07 21:31
Core Insights - Flutter Entertainment reported strong Q1 2025 financial results, with a year-over-year net income growth of 289% and adjusted EBITDA growth of 20% [7][40][34] - The company continues to expand its US operations, achieving a 15% growth in sportsbook revenue and a 32% growth in iGaming revenue despite adverse sports outcomes during March Madness [34][12] - Flutter's international segment also showed resilience, with a 1% revenue growth year-over-year, driven by strong performances in Southern Europe and Africa [22][35] Financial Performance - Q1 2025 adjusted EBITDA reached $161 million, significantly higher than the previous year, reflecting strong operating leverage [34] - Total revenue for the quarter was reported at $3.67 billion, with the US segment contributing $1.9 billion and the international segment contributing $2 billion [58][35] - The company expects 2025 revenue and adjusted EBITDA to reach $17.08 billion and $3.18 billion, representing year-over-year growth of 22% and 35% respectively [44][48] US Market Update - Flutter maintains a leading position in the US market with a 43% market share in sports betting and a 27% share in iGaming [12][34] - The average monthly players (AMPs) grew by 11% to over 4.3 million, indicating strong customer engagement [12] - Innovative features such as "Your Way" pricing capability and "Bet back tokens" have been launched to enhance customer experience and engagement [14][15] International Market Update - The acquisition of Snai in Italy is expected to enhance Flutter's scale in the European market, with integration already underway [23][11] - The Southern Europe & Africa (SEA) region reported a 14% revenue increase year-over-year, driven by strong market share growth [37][22] - The Central and Eastern Europe (CEE) region also showed robust growth, with a 15% revenue increase year-over-year [29] Strategic Outlook - Flutter's long-term growth strategy focuses on sustainable business practices and responsible gaming, with a commitment to invest in both organic growth and M&A opportunities [8][30] - The company is optimistic about navigating the evolving US regulatory landscape and expanding its market presence [20][21] - Flutter's diversified portfolio of brands positions it well to capitalize on the growing global online sports betting and iGaming market, projected to be worth approximately $368 billion by 2030 [8][57]