Bally’s to Bring Live Casino Action to Rhode Island with Stakelogic Partnership

Bally’s recently made a huge announcement that will have everyone in the gaming industry talking. Together with industry-leading live casino provider Stakelogic, they want to revolutionize how players enjoy casino games online. This new partnership follows the recent passage of Rhode Island’s iGaming bill, which gave Bally’s the only authority to run online gambling in the state.

Through this partnership, Bally’s will provide its live casino product to the North American market using Stakelogic’s state-of-the-art software and studio equipment. Live casino games including Blackjack, Roulette, and Baccarat will be available to Rhode Island residents from their homes beginning in April 2024.

This cooperation is crucial for Bally’s since Rhode Island’s new iGaming laws require live dealers to be present on online gambling platforms. The games will be simulcast to mobile devices from a purpose-built mini-casino designed to look like a high-tech studio, guaranteeing a smooth and engaging user experience.

High Expectations

Stakelogic is one of the leading startups in the iGaming sector, and it already has a significant footprint in more than 20 international regions. They have two live casino studios in Europe, a huge selection of slot games (over 250), and cutting-edge live dealer technology.

Bally’s CEO Robeson Reeves is very enthusiastic about their partnership with Stakelogic, and he shared that sentiment when he discussed the company’s plans to introduce online gambling to Rhode Island. They know they can wow Rhode Island consumers with a first-rate live dealer experience thanks to their partnership with Stakelogic.

The CEO of Stakelogic, Stephan van den Oetelaar, has also voiced his company’s excitement for the deal, saying that they are “incredibly excited” to engage with Bally’s since it would allow them to introduce their innovative technology to the American market. Stakelogic’s rapid ascent to prominence as a supplier of cutting-edge technology for the iGaming sector follows the introduction of their live casino barely 14 months ago.

Market Insights

Bally’s will be Rhode Island’s sole online gambling licensee under the state’s new iGaming law. Gamesys, its online division, runs under well-known names like Virgin Casino, Tropicana Casino, and Rainbow Riches Casino to provide players with the best possible online gambling experience.

Online slot earnings are subject to a 50% tax under the new law, with the proceeds split evenly between slot manufacturers Bally and IGT. However, the income from table games will only be taxed at a rate of 18%. Also, like the state’s current land-based legislation, Rhode Island will continue limiting mobile sports betting to those at least 21 years old.