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Virtual Sports popular with land casino operators
Thursday May 12,2016 : VIRTUAL SPORTS MAKING AN IMPACT IN THE STATES
Innovative European betting vertical is proving popular with land casino operators.
Betting on computer simulated competitions in sports like horse and greyhound racing, football and cycling - generically titled virtual sports - is proving increasingly popular with US land casino operators, with Atlantic City's Golden Nugget the latest to contract the Inspired group's products, and the Tropikana taking similar horse racing products from Slovenia-based Alfastreet
Players have access a wide range of information on the contestants in order to help them select what they hope will be a winner, but the games are algorithmically controlled, with outcomes determined through the random-number generation model developed for online gambling.
The software engines driving the game are clad in modern cinematic-quality graphics with sound effects to create the appropriate environmental ambience for the player.
This week Golden Nugget VP for online gaming, Thomas Winter, told the Press of Atlantic City that virtual sports presentations tend to be short - between 30 seconds and 2 minutes - and concentrate on the highlights of a particular race or match, with state law requirements imposing a minimum return to player percentage of 83 percent (because the games are RNG-driven they are not classified as skill games).
He said that the company hopes to launch virtual sports betting in July or August this year once it has received the green light from the New Jersey Division of Gaming Enforcement
UK virtual sports supplier Inspired is watching New Jersey developments with interest, seeing a significant potential market in the United States. The company claims it has virtual products in over 50,000 land-based venues across the globe.
The head of the North American division of Paddy Power-Betfair, Eamonn Toland, shares Inspired’s enthusiasm, commenting that virtual racing is particularly popular in his company's 600 betting shops throughout the UK and Ireland, and that the product is a revenue driver for operators of retail sports books, allowing them to “fill in the gaps between actual races.”
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
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Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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