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Groove Enhances Its Partners Network Through a Deal with 3 Oaks Gaming

groove_plant_more_seeds_with_3_oaks_gaming_2Groove, the famous iGaming casino platform provider and aggregator, joined forces with 3 Oaks Gaming, the renowned iGaming content distributor.

A significant step towards global expansion:

This isn’t the first deal Groove agreed upon recently. The company signed various agreements prior to ICE2024 to strengthen its position in the global market and expand to new markets all over the world.

The newest deal with 3 Oaks Gaming is a great achievement for Groove. The impressive portfolio of 3 Oaks Gaming will be added to the aggregation platform developed by Groove to enhance its value and make it more interesting to its fans. On the other hand, this deal gives 3 Oaks an opportunity to reach new players across various key markets in the world and enhance its position in them.

Among the games that will be included in the offering and available on Groove’s platform are hit releases such as popular Hold and Win releases, as well as Little Farm, 3 Hot Chillies, 777 Coins, and the popular Goddess of Egypt. The offering also includes a hit series of games, such as Sun of Egypt, Aztec Fire, Gold Nuggets, Crystal Scarabs, Lady Fortune, African Spirit Sticky Wilds, and Olaf Viking.

Advanced integration

The games will be available through the integration with GroovePlay. Groove’s popular platform sees more than 100 new games every month in its offering, so the portfolio keeps growing. Currently, more than 15,000 games are available to players, all of them available via one single API.

The company’s partners network consists of more than 100 renowned content partners, including the most recent one with 3 Oaks Gaming, and keeps rapidly expanding. Through these partnerships, Groove focuses on developing and adding new, advanced, and unique products. Among the most popular types of games are slots, online casino games, live casino, poker, and table games. Its offering also includes crash games, sweepstakes, sportsbooks, virtual sports, and lottery.

Sebastian Damian, Managing Director of 3 Oaks Gaming, said: “Through this tie-in with Groove we boost our credentials as a distributor set to expand its footprint across a plethora of operators and jurisdictions thanks to the new partnership. We have ambitious plans to expand globally so we are very excited about this deal as a central pillar of our strategy.”

Yahale Meltzer, COO and co-founder at Groove said: “This partnership with 3 Oaks Gaming underscores our relentless pursuit of expanding our offerings and delivering world-class content to the iGaming community. Our operator network is constantly looking for fresh content, not only in the form of the more than 100 new titles we add every month but also in partner studio diversity where 3 Oaks Gaming has a unique set of player propositions.”

Source:

“Groove plant more seeds with 3 Oaks Gaming”, europeangaming.eu, January 30, 2024.

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IGT’s Sustainability Triumph, AAA Rating in MSCI ESG Evaluation

As proof of its unwavering devotion to environmental, social, and governance (ESG) excellence, International Game Technology PLC (IGT) proudly announced that the company has achieved the highest possible MSCI ESG rating—AAA.

This stellar score from the global rating agency reflects IGT’s year-over-year progress in managing ESG-related risks and capitalizing on opportunities, positioning the company as a sustainability leader in its sector.

Navigating ESG Terrain – IGT’s Yearly Surge

igt_achieves_highest_possible_msci_esg_rating_of_aaa_2IGT’s remarkable achievement in securing a AAA rating underscores its proactive approach to ESG considerations. The MSCI ESG Ratings, which evaluate a company’s resilience to long-term ESG risks, place IGT at the forefront of the industry, reflecting the company’s strategic alignment with sustainable practices.

Breaking down the AAA score, the company shines particularly bright in key categories. Governance, product safety and quality, carbon emissions management, and labor practices are standout areas where IGT has garnered high marks. This well-rounded performance underscores IGT’s holistic desire for sustainable practices, from governance excellence to reducing its carbon footprint and ensuring the highest standards in product safety.

MSCI ESG Research, the esteemed global authority on ESG evaluations, employs a meticulous process to assess and rate companies on a AAA-CCC scale relative to their industry peers. IGT’s top-tier rating speaks volumes about its conscientious business practices, with a focus on minimizing risks and capitalizing on opportunities in a rapidly evolving ESG landscape.

Insights for Investors, MSCI’s Critical Role

MSCI’s ESG Ratings offer investors invaluable insights into a company’s ESG-related practices. By providing a comprehensive analysis of thousands of companies globally, MSCI equips institutional investors with the tools to make informed decisions, identifying both risks and opportunities that might escape conventional investment research.

As IGT proudly displays its AAA ESG Rating, the company stands as a beacon of sustainable excellence in the gaming industry, reinforcing its loyalty to responsible business practices and resilience in the face of evolving ESG dynamics.

Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability said: “IGT achieving the MSCI AAA ESG rating demonstrates our strong commitment to enhancing our company-wide sustainability results through our ongoing Sustainable Play initiatives. Sustainability is embedded throughout our daily operations as we focus on creating long-term value for our key stakeholders.”

Source: ”IGT Achieves Highest-Possible MSCI ESG Rating of AAA”. European Gaming. January 26, 2024.

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Union Scores Decent Severance Pay for Many Tropicana Las Vegas Employees

When the Tropicana Casino permanently closes on April 2 — two days shy of its 67th anniversary — many of its employees could walk away with a year or more in pay.

An undated photo of the Tropicana casino floor. Many veteran employees will walk away from the doomed resort with a year or more in pay. (Image: bons-plans-voyage-ouest-american.com)

Due to a union contract in December, severance at the Las Vegas Strip resort includes $2K for each year of employment, with no cap on the benefit. So hundreds of employees could receive as much as $60K each.

“It’s a significant part of that workforce that has been working there for decades,” Secretary-Treasurer of the Culinary Workers Union Local 226 Ted Pappageorge said during a Zoom news conference earlier this week.

“In Las Vegas, hotels are bought and sold on a regular basis,” Pappageorge added. “New projects are welcomed to Las Vegas, but workers can’t be discarded like an old shoe.”

The Trop’s owner, Bally’s Corporation — which is unrelated to the Caesars property that used to be called Bally’s — has decided to implode the vintage Vegas property to make room on the Strip for a new baseball stadium for the Oakland A’s.

Nevada legislators approved $380M in public funding last year to help build the $1.5 billion ballpark.

Bally’s Corp. also intends to build a new casino resort adjacent to the ballpark, and longtime employees of the Tropicana are also being offered the option of accepting a lower severance payout in exchange for being considered higher on the list of candidates for employment there.

Pappageorge said the union’s contract with the Tropicana will apply to the new casino resort, but not to the stadium. However, the union does have an agreement with the A’s that would potentially allow stadium workers to unionize and negotiate union contracts.

“We hope there will be a path forward for all stakeholders so the Las Vegas A’s can join the Vegas Golden Knights and the Las Vegas Raiders to continue this transformation as Las Vegas, the ‘Entertainment Capital of the World,’ also becomes the ‘Sporting Capital of the World,’” Pappageorge told Casino.org last year.

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Strive Gaming Remain Fully Focused on North American Markets

home_field_advantage_strive_creates_a_pam_for_north_americaStrive Gaming, a software supplier that has created a full service omni-channel iGaming platform designed specifically for the North American markets, has announced it will keep focusing on the United States.

The company was founded just three years ago by Damian Xuereb, the current President, together with Max Meltzer, the current Chief Executive Officer. Xuereb says that the business had the advantage of understanding nuances of markets in each of the American states it operates in.

“We had the opportunity to do our research and ensure we built a product that meets not just the current state, but the future state or requirements, as and when we roll out into more and more states,” Damian Xuereb explained.

Another advantage for the company is that it refused to step into other markets away from the United States, keeping its focus solely on North America. “We won’t get distracted by other regulations,” Xuereb underlined, pointing out that the Brazilian, Dutch or German markets are not of interest for his company. “That means our business and our product will continually evolve around the North American player experience,” he added.

Eight Big Clients Secured

During its three years of activity, Strive Gaming secured partnerships with eight important iGaming brands. The first two were Desert Diamond and Golden Nugget Online Gaming in Arizona. Then the company signed agreements with Betsafe, PointsBet in Canada and Four Winds, owned by the Pokagon Band of Potawatomi Indians. The supplier has already secured additional clients which are yet to be announced.

About the company’s partners, Damian Xuereb said that all of them managed to “gain meaningful market share.” The Strive Gaming President gave the example of Desert Diamond in Arizona, which is owned by a local tribal operator, and revealed that the brand is successfully competing with “big hitters” and also triumphed against nationwide companies. “With the right technology behind a brand, local operators can compete,” Damian Xuereb concluded.

The Strive Gaming founder also predicted that there will be growing opportunities in North America because while online sports betting is currently present in 36 American states, iCasino is available in just seven states and the market is bound to expand. Indiana is one of the states where gambling legalization is discussed, while Joseph Addabbo, a state senator from New York, has introduced a new version of a bill which would legalize online casino gaming and internet lottery.

Source: “Home field advantage: Strive creates a PAM for North America“. iGaming Business. January 24, 2024.

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Atlantic City Road Diet to Proceed, as Judge Finds No ‘Irreparable Harm’

The narrowing of Atlantic Avenue in Atlantic City will continue after a state judge ruled the casino plaintiffs that asked the court to halt the project failed to prove irreparable harm.

Atlantic City road narrowing lawsuit
Atlantic City’s Atlantic Avenue at Caesars. The narrowing of Atlantic Ave. will proceed after a New Jersey judge dismissed arguments against the project raised by five casinos on the Boardwalk. (Image: AP)

New Jersey Superior Court Judge Michael Blee on Friday dismissed an injunction request from five Boardwalk casinos and a local health care system. The plaintiffs argued that reducing the number of vehicular lanes on Atlantic Ave. from four to two would further increase traffic congestion — an unappealing sight for arriving casino guests — and could delay emergency vehicles trying to reach AtlantiCare Regional Medical Center to provide life-saving services.

The court does not consider the personal inconvenience of residents and visitors to be irreparable harm,” Blee wrote.

Atlantic City officials, including Mayor Marty Small Sr., believe narrowing the city’s main drag — in what’s called a “road diet” — will improve pedestrian safety. Nearly 10% of the more than 800 vehicle accidents that occurred on Atlantic Ave. between 2013 and 2017 involved a pedestrian.

By reducing the number of vehicular lanes from four to two, Atlantic Ave.’s sidewalks will be widened to facilitate easier walking and prevent pedestrians from stepping onto the road to get around slower people.

Trial Scheduled

Bally’s, Caesars, Hard Rock, Resorts, and Tropicana argue a more congested Atlantic Ave. will further dampen the arrival experience for its guests.

The Atlantic City Expressway arrives in town at Baltic Ave. and Christopher Columbus Blvd. From there, guests continue straight to Caesars or make a left or right on Atlantic Ave. to reach their casino destination.

The Atlantic City Boardwalk casino properties and AtlantiCare are disappointed in today’s ruling,” said Mark Giannantonio, president of the Casino Association of New Jersey and Resorts Casino Hotel. “We stand firm in our belief that this change in traffic patterns on Atlantic Avenue could have very real public health, safety, and general welfare implications.”

Even with four lanes, Atlantic Ave. becomes extremely busy during the summer months and marquee events and concerts.

Ocean Casino Resort, which is the northernmost gaming property on the Boardwalk, as well as the three Marina District casinos — Borgata, Harrah’s, and Golden Nugget — are not participating in the road diet litigation.

The case will head to a full trial, but likely won’t be heard until February 2025. The road-narrowing project is expected to be finished by this spring. The project began last month and is already about half complete.

Blee says if the trial goes the plaintiffs’ way, Atlantic Ave. can be remarked to return the roadway to four lanes.

Casino Foe, Not Friend

The casinos and AtlantiCare argued that the road narrowing needed approval from the Casino Reinvestment Development Authority (CRDA), which has jurisdiction over the city’s Tourism District where Atlantic Ave. is being trimmed. The city argued, and Blee agreed, that the state holds final authority and CRDA did not participate in the lawsuit.

Blee’s ruling is his latest decision against the Atlantic City casino industry. In 2022, Blee overturned a deal reached between New Jersey lawmakers and the casinos that sought to significantly reduce the amount of money they pay under their PILOT (payment in lieu of tax) program.

Blee said the state’s willingness to remove iGaming and online sports betting revenue from the calculation that determines how much property tax the casinos collectively pay violated the state constitution because it provided a tax benefit to an industry without a “public purpose.”

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