sports betting subscription, Choctaws eye crypto

Welcome to the Weekend Report, where iGB delivers essential insights into the week’s most noteworthy developments in the gambling sector. In this edition, we explore the burgeoning possibilities of sports betting subscription services, the Choctaw Nation’s foray into cryptocurrency at its Oklahoma casinos, and Gaming Corps’ strategic growth initiative through its partnership with Oddsworks.

Exploring the Potential for iGaming Subscription Services

This week, a significant survey conducted by YouGov has unveiled promising insights into the emerging market for sports betting subscription services. The data suggests a noteworthy willingness among bettors to invest in these innovative offerings.

According to the report, 22% of respondents indicated they would be “very likely” to enroll in a subscription service, while an additional 43% expressed they were “somewhat likely” to do so. Notably, 44% of those leaning towards subscription were from the 18-34 age demographic, a group increasingly engaged with digital gambling platforms. In contrast, merely 18% stated they were “not at all likely” to subscribe, with another 10% feeling “not very likely.”

The motivations behind this interest are revealing. A substantial 46% of bettors cited access to exclusive promotions as a compelling reason to subscribe, followed closely by 45% who favored lower fees or reduced commissions. Additional factors included new betting markets (38%) and personalized offers (35%).

When it came to cost, 25% of bettors reported they would be willing to pay up to $10 per month for a subscription. Furthermore, 17% indicated a willingness to spend between $10 and $19, while 12% were ready to invest $20 or more monthly.

Choctaw Casinos Pioneers Cryptocurrency Partnership in Oklahoma

In an exciting development, Choctaw Casinos & Resorts has announced a groundbreaking partnership with Bitline to facilitate casino chip accessibility through cryptocurrency. This initiative, supported by Everi, marks a significant evolution in gaming operations, presenting digital assets as a new liquidity channel for customers in Oklahoma.

This partnership is noteworthy as it is touted as the first of its kind in the United States. Leveraging Everi’s Cash Club payment infrastructure, the service will be available for Oklahoma players wishing to use their digital assets for gaming activities. The Cash Club will also manage the onboarding, screening, and verification process for patrons opting to gamble with cryptocurrency.

As Thomas McDonald, Senior Director of Cage and Credit at Choctaw, stated, “Through our long-term relationship with Everi, a leader in fintech solutions, we are committed to investing in innovative offerings that provide our discerning gaming clientele with secure access to their funds.”

Inspired Entertainment Forms Strategic Alliance with Altenar

In the dynamic realm of digital gaming, Inspired Entertainment has forged a strategic partnership with Altenar, a premier sports betting software provider. This collaboration aims to integrate Inspired’s virtual sports betting products into Altenar’s advanced sportsbook platform, broadening the scope of virtual betting options for customers.

Altenar, with a clientele spanning over 30 countries, has recently expanded its footprint in Latin America with launches in both Peru and Brazil, further underscoring the global nature of sports betting.

“This partnership highlights the adaptability and strength of the Altenar platform,” remarked Antonis Karakousis, Altenar’s Director of Operations. “We are excited to present Inspired’s virtual sports products to our partners, thereby significantly enhancing our sportsbook offering with cutting-edge virtual sports technology.”

Swintt Appoints Anthony Dalla-Giacoma as Chief Commercial Officer

In another noteworthy announcement, Swintt has appointed Anthony Dalla-Giacoma as its new Chief Commercial Officer (CCO). Dalla-Giacoma, who brings extensive experience from his tenure at leading companies such as Quickspin and NetEnt, will spearhead the sales, account management, and marketing teams at Swintt.

His role encompasses the development and execution of commercial strategies, fortifying partnerships, unearthing new business opportunities, and optimizing revenue streams. Dalla-Giacoma has a commendable 15-year track record in the iGaming industry.

“Joining Swintt as CCO presents an exhilarating opportunity,” Dalla-Giacoma said. “I look forward to leveraging my experience to propel the business to new heights.”

Gaming Corps Pursues North American iGaming Growth with Oddsworks

Lastly, Gaming Corps has solidified a strategic alliance with Oddsworks in a bid to amplify its growth in the North American market. This partnership will enable Gaming Corps’ content to be distributed via the BetGuard platform, targeting critical U.S. markets such as New Jersey, Pennsylvania, and Michigan.

The deal encompasses a diverse array of Gaming Corps’ offerings, which features six distinct game engines: casino slots, table games, multiplier games, mine games, plinko games, and Smash4Cash.

“The North American market holds immense potential, as every player in iGaming understands,” stated Juha Kauppinen, CEO of Gaming Corps. “We are eager to collaborate closely with industry leaders like Larry and Steven DeMar from Oddsworks, paving the way for our expansion.”