Hacksaw Gaming, a leading online casino content provider, has successfully secured a provisional license in New Jersey, marking its second entry into the US market within a year. The company, having previously obtained a supplier license in West Virginia, is poised to go live in the Garden State by the end of Q4. This rapid expansion comes amid the company’s growing confidence in the reception of its content in the competitive US market.
US Market Expansion:
Hacksaw Gaming’s CEO, Marcus Cordes, expressed excitement about the company’s swift expansion and the positive reception of its content. With its provisional license in New Jersey, following a similar achievement in West Virginia, Hacksaw Gaming is strategically positioning itself to capture a significant share of the burgeoning US online casino market.
Ontario Partnership:
In addition to its US expansions, Hacksaw Gaming has recently forged a strategic partnership with High Flyer Casino to introduce its slot games in Ontario. Popular titles such as Hand of Anubis, Blood Thirst, and Wanted Dead or a Wild are now available on the High Flyer Casino website. This move signifies Hacksaw Gaming’s commitment to establishing a global presence and diversifying its partnerships.
Performance Overview – New Jersey Gaming Revenue:
The New Jersey Division of Gaming Enforcement has reported notable growth in the state’s gaming revenue for October. Across casinos, horse tracks offering sports betting, and online platforms, the total revenue reached $487.1 million, reflecting a substantial 9.3% increase from the same period in 2022.
Atlantic City Casino Hotel Properties:
Among the key contributors to the revenue surge were the nine Atlantic City casino hotel properties, which reported a casino win of $228.1 million. This represents a commendable 3.4% growth compared to October 2022, showcasing the resilience and vitality of the region’s casino industry.
Online Gaming:
The online gaming sector in New Jersey continues to thrive, with a significant year-on-year increase of 13.3%. October’s online gaming win amounted to $166.8 million, demonstrating the sustained popularity of digital gaming platforms and the evolving preferences of the state’s gambling enthusiasts.
Sports Wagering:
Sports wagering gross revenue in October reached $92.3 million, marking an impressive 18.4% increase from the previous year. This surge underscores the robust nature of the sports betting industry in New Jersey and the state’s position as a prominent hub for sports enthusiasts and bettors alike.
Hacksaw Gaming’s proactive approach to securing a provisional license in New Jersey aligns with its broader strategy to establish a formidable presence in the US online casino market. The company’s partnerships and expansions, both in the US and globally, position it as a key player in the dynamic and competitive landscape of online gaming. As New Jersey continues to experience growth in gaming revenue, Hacksaw Gaming is well-positioned to capitalize on the evolving preferences of players and contribute to the industry’s ongoing success.