Stakelogic To Enter Third US iGaming Market With Rhode Island License

Article by : Erik Gibbs Feb 16, 2024

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In a strategic move, Stakelogic, the European online casino games provider, has secured an operational license in Rhode Island, marking its expansion into the state. Rhode Island now joins Michigan and Pennsylvania as the third operational state for Stakelogic.

The acquisition of the Rhode Island license positions Stakelogic to introduce its diverse portfolio of games to the state’s burgeoning online casino market, providing players with access to its cutting-edge technological solutions.

Rhode Island is on the cusp of welcoming online casino gaming, scheduled to launch on March 1, 2024.

Extensive preparations, including meticulous operator vetting, have been underway in the Ocean State to ensure a seamless introduction of these services to both casinos and players.

Anticipating the imminent launch, Stakelogic took proactive steps by forming a strategic partnership with Bally’s Corp. in July 2023, designating it as the live casino supplier.

This collaboration swiftly followed Gov. Daniel McKee’s signing of the bill legalizing online casinos in Rhode Island on June 22.

Under the legislation governing Rhode Island’s online casinos, Bally’s holds exclusive control over the market, leveraging its established physical footprint through the Twin River properties it oversees.

Stakelogic, as announced in a recent press release by CEO Stephan van den Oetelaar, sees obtaining a license in Rhode Island as a pivotal milestone in their mission to carve a formidable presence in the fiercely competitive US market.

The team is eagerly looking forward to introducing their content and technology in Rhode Island.

This expansion underscores Stakelogic’s commitment to excellence and strategic positioning at the forefront of the North American online casino industry.

Van den Oetelaar conveyed gratitude to Rhode Island regulators for their trust and cooperation, expressing anticipation of a positive impact on the local gaming scene.

In related Rhode Island gambling news, White Hat Gaming received approval for its license this week, gearing up to unveil its PAM iGaming platform and collaborative content with White Hat Studios and Bally’s on March 1.

With these developments, Rhode Island stands fully prepared for the imminent launch.

Rhode Island’s recent approval of iGaming positions it as the seventh state embracing online casino gambling, joining the likes of New Jersey, Michigan, Delaware, Connecticut, Pennsylvania and West Virginia.

While other states consider similar legalization, Rhode Island witnessed a noteworthy 10.6% surge in casino revenue in December 2023, reaching $60.8 million.

This positive shift follows eight months of lackluster performance. With the imminent launch of online casinos, expectations are high for it to catalyze further revenue growth in the state.

The actual impact on the financial landscape awaits observation, creating an atmosphere of anticipation as the launch approaches.