Atari Online Casino Scrapped as Company Focuses on Premium Games

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The company is dropping its online casino to focus on premium games. 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Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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Effort","datePublished":"2021-07-06T06:00:26-05:00","dateModified":"2021-07-07T08:39:46-05:00","publisher":{"@type":"Organization","@id":"https:\/\/www.casino.org\/news\/#organization","name":"Casino.org","logo":{"@type":"ImageObject","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/corg-logo-amp.jpg","width":600,"height":60}},"image":{"@type":"ImageObject","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/atari.jpg","width":1500,"height":1126},"articleSection":"Gaming Business","description":"Video game giant Atari's foray into the world of online casinos was a brief one. The company announced Monday turning its focus to premium games and closing its casino in Africa. The famous Atari 2600 video game console, seen above. The company is dropping its online casino to focus","author":{"@type":"Person","name":"Todd Shriber","url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/","description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.\r\n\r\nTodd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.\r\n\r\nCurrently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. \r\n\r\nHe currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. \r\n\r\nContact Todd at todd.shriber@casino.org.","image":{"@type":"ImageObject","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","height":96,"width":96},"sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/twitter.com\/etfgodfather","https:\/\/www.linkedin.com\/in\/toddshriber\/"]},"video":[null,null,null,null],"audio":[null,null,null,null],"commentCount":"3","comment":[{"@type":"Comment","dateCreated":"2023-06-30 07:28:34","description":"Just about all of what you say is supprisingly appropriate and that makes me ponder why I hadn't looked at this with this light previously. This particular article truly did switch the light on for me personally as far as this particular subject goes. However there is one particular factor I am not really too comfortable with and whilst I make an effort to reconcile that with the actual main idea of your issue, allow me observe exactly what all the rest of the visitors have to say.Nicely done.","author":{"@type":"Person","name":"Maurita Krikorian","url":""}},{"@type":"Comment","dateCreated":"2021-11-17 09:08:35","description":"Atari has been making slot machines for a long time and they do have a casino its online on the new crypto network decentraland. nice try.","author":{"@type":"Person","name":"nick","url":""}},{"@type":"Comment","dateCreated":"2021-07-06 06:57:01","description":"Atari is NOT scrapping online casino. The article only said casino operations in Africa. Your article is completely wrong.\r\n\r\nAtari is building and about to launch several online casino \/ gambling platforms.","author":{"@type":"Person","name":"Josh","url":""}}]}</script> <style type="text/css">.broken_link, a.broken_link { text-decoration: line-through; }</style><link rel="icon" href="https://www.casino.org/news/wp-content/uploads/2019/06/cropped-corg-favicon-512-1-32x32.png" sizes="32x32" /> <link rel="icon" href="https://www.casino.org/news/wp-content/uploads/2019/06/cropped-corg-favicon-512-1-192x192.png" sizes="192x192" /> <link rel="apple-touch-icon" href="https://www.casino.org/news/wp-content/uploads/2019/06/cropped-corg-favicon-512-1-180x180.png" /> <meta name="msapplication-TileImage" content="https://www.casino.org/news/wp-content/uploads/2019/06/cropped-corg-favicon-512-1-270x270.png" /> <meta name="author" content="Todd Shriber"> <meta name="title" content="Atari Scraps Online Casino, Takes $6M Charge on Lost Effort"> <meta name="publishedDate" 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href="http://www.facebook.com/sharer.php?u=https://www.casino.org/news/atari-online-casino-scrapped-as-company-focuses-on-premium-games/" class="share-social__link"><i class="icon-facebook"></i> </a> </li><li class="share-social__item"> <a target="_blank" href="https://twitter.com/share?url=https://www.casino.org/news/atari-online-casino-scrapped-as-company-focuses-on-premium-games/" class="share-social__link"> <i class="icon-twitter"></i> </a> </li><li class="share-social__item"><a target="_blank" href="http://www.linkedin.com/shareArticle?url=https://www.casino.org/news/atari-online-casino-scrapped-as-company-focuses-on-premium-games/" class="share-social__link"><i class="icon-linkedin"></i></a></ul></div> <div class="post-content__content"> <h1 class="post-content__main-title">Atari Scraps Online Casino, Takes $6M Charge on Lost Effort</h1> <p class="post-content__sub-title"> Posted on: July 6, 2021, 06:00h.  </p> <p class="post-content__sub-title"> Last updated on: July 7, 2021, 08:39h. <div class="post-info-panel"> <div class="post-info-panel__author-holder js-open-close"> <div class="post-info-panel__author-logo"> <img alt='Avatar photo' src='https://www.casino.org/news/wp-content/uploads/2023/03/cropped-11-50x50.png' srcset='https://www.casino.org/news/wp-content/uploads/2023/03/cropped-11-100x100.png 2x' class='avatar avatar-50 photo' height='50' width='50' decoding='async'/> </div> <div class="post-info-panel__author-content"> <div class="post-info-panel__author-info"> <span class="post-info-panel__author-name"> <a title="Todd Shriber" href="https://www.casino.org/news/author/todd-shriber/"> Todd Shriber </a> <a href="https://twitter.com/etfgodfather" class="post-info-panel__author-tag" ref="nofollow noopener noreferrer" target="_blank">@etfgodfather</a> </span> <a href="#" class="post-info-panel__opener tablet-none js-opener">Read More</a> <div class="post-info-panel__expertise"> Expertise: <span class="post-info-panel__expertise-items"> <a 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</li> </ul> </div> </div> </div> <p>Video game giant Atari’s foray into the world of online casinos was a brief one. The company announced Monday turning its focus to premium games and closing its casino in Africa.</p> <figure id="attachment_178706" aria-describedby="caption-attachment-178706" data-style="width: 1200px" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" class="wp-image-178706" src="https://www.casino.org/news/wp-content/uploads/2021/07/atari-142x107.jpg" alt="Atari casino" width="1200" height="901" srcset="https://www.casino.org/news/wp-content/uploads/2021/07/atari-142x107.jpg 142w, https://www.casino.org/news/wp-content/uploads/2021/07/atari-1024x769.jpg 1024w, https://www.casino.org/news/wp-content/uploads/2021/07/atari-768x577.jpg 768w, https://www.casino.org/news/wp-content/uploads/2021/07/atari.jpg 1500w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption id="caption-attachment-178706"class="text-description">The famous Atari 2600 video game console, seen above. The company is dropping its online casino to focus on premium games. (Image: Amazon)</figcaption></figure> <p>In a statement released on Monday, the company said it’s shifting its focus away from free-to-play mobile games as part of its latest turnaround strategy. The company will focus on premium gaming, which is a better representation of the company, Atari CEO Wade J. Rosen said in a statement.</p> <p>The strategy also includes scrapping its online casino.</p> <blockquote class="main-blockquote"><p><strong>In order to efficiently allocate its resources to the success of this new strategy, Atari has decided to exit its direct operations of Atari Casino in Africa,”</strong> according to a statement.</p></blockquote> <p>The Paris-based company said it’s taking a $5.93 million charge for the financial period ending March 31, 2021, as a result of the move. Its board of directors on July 1 approved the shift in strategy for the Atari Gaming business, the unit where the internet casino resides.</p> <p>Atari revealed plans <a href="https://www.casino.org/news/atari-casino-is-coming-backed-by-ethereum-blockchain/">for the casino in March</a>, noting at the time it would be developed in partnership with Decentral Games and launched on the Ethereum blockchain. That leveraged it to two hot themes – iGaming and cryptocurrency.</p> <h2>Atari Casino Gaming Ambitions May Be Halted</h2> <p>It wasn’t that long ago that the video game company known for such iconic titles as <em>Asteroids, <span style="color: #000000;">Centipede</span> Missile Command, </em>and<em> Pong</em> harbored casino gaming ambitions.</p> <p>Before the online casino was revealed earlier this year, the company said in early 2020 it was planning a chain of luxury hotels around the world, with Las Vegas being one of the slated destinations. The hotels were to be themed after Atari video games and potentially aimed to capture some of <a href="https://www.casino.org/news/esports-technologies-seeking-patent-for-streaming-betting-plan/">the booming esports market</a>.</p> <p><strong>However, the latest release on the hotels on Atari’s website is dated last October and the company doesn’t mention the hotel project in its July 5 statement. It does, however, note material changes to its free-to-play games model.</strong></p> <p>“Atari intends to shift its video game portfolio to premium games for consoles and PC. While the competitive and marketing environment is weighing on the free-to-play business model, five free-to-play games will be discontinued or sold (RCT Stories, Crystal Castles, Castles & Catapults, Ninja Golf, Atari Combat: Tank Fury),” said the company.</p> <h2>Still Plenty of Reasons for iGaming Optimism</h2> <p>While Atari is abandoning its internet casino platform, there are still plenty of reasons to be bullish on the industry’s trajectory. For example, CFRA Research said last month the North American online casinos and sports wagering market could <a href="https://www.casino.org/news/north-american-igaming-sports-betting-market-could-rise-to-42b/">vault to $42 billion</a> over the next several years.</p> <p>Add to that, <a href="https://www.casino.org/news/goldman-sachs-forecasts-massive-market-for-igaming-sports-betting/">Goldman Sachs said</a> earlier this year online sports betting and internet casinos could jump to $39 billion and $14 billion, respectively, by 2033.</p> <p>Industry analysts and executives see iGaming not only providing a long runway for growth but materially superior margins and profitability relative to both sports wagering and land-based casinos.</p> </div> </div> <aside class="sidebar"> <h3 class="main-title main-title--sm">Most Popular </h3> <div class="flex-row flex-row--flex-start last-post-border-none"> <div class="col"> <div class="blog-post-item blog-post-item--vertical 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style="display: none !important;" class="akismet-fields-container" data-prefix="ak_"><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="ak_js" value="96"/><script>document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );</script></p></form> </div> </div> </div> <ul class="comments-list"> <li class="comments-list__item"> <div class="comments-list__content"> <div class="comments-list__title-row"> <strong class="comments-list__name">Maurita Krikorian</strong> <span class="comments-list__date">June 30, 2023</span> </div> <p>Just about all of what you say is supprisingly appropriate and that makes me ponder why I hadn't looked at this with this light previously. This particular article truly did switch the light on for me personally as far as this particular subject goes. However there is one particular factor I am not really too comfortable with and whilst I make an effort to reconcile that with the actual main idea of your issue, allow me observe exactly what all the rest of the visitors have to say.Nicely done. </p> </div> </li></li> <li class="comments-list__item"> <div class="comments-list__content"> <div class="comments-list__title-row"> <strong class="comments-list__name">nick</strong> <span class="comments-list__date">November 17, 2021</span> </div> <p>Atari has been making slot machines for a long time and they do have a casino its online on the new crypto network decentraland. nice try. </p> </div> </li></li> <li class="comments-list__item"> <div class="comments-list__content"> <div class="comments-list__title-row"> <strong class="comments-list__name">Josh</strong> <span class="comments-list__date">July 6, 2021</span> </div> <p>Atari is NOT scrapping online casino. The article only said casino operations in Africa. Your article is completely wrong. 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