Massachusetts: Gaming regulators gauging interest in sports betting licenses Colin A. Young, State House News Service · August 18, 2022 at 3:23 pm The Gaming Commission would like to know how many and which companies are interested in seeking a sports betting license in Massachusetts and is asking that interested companies get in touch by the end of the month. As it prepares to launch a newly legal form of gambling under the close eye of the betting public, the Gaming Commission is meeting Thursday morning with five establishments -- … [Read more...]
Kansas: Sports bets to be accepted starting Sept. 1 Addi Weakley, KSHB · August 18, 2022 at 3:16 pm Gov. Laura Kelly announced Thursday sports books at Kansas’ four state-owned casinos can begin accepting wagers in September. Bets will be accepted in person and on mobile platforms as of Sept. 1 and will officially open Sept. 8. Kansas Lottery operates the wagering, which happens to begin as professional football season kicks off. "Legalizing sports betting is a common-sense solution … [Read more...]
Borgata’s July set monthly record for Atlantic City casinos Wayne Parry, Associated Press · August 18, 2022 at 2:37 pm ATLANTIC CITY, N.J. (AP) - Internet gambling and sports betting helped propel the Borgata in July to the best month an Atlantic City casino has ever had. Figures released Tuesday by New Jersey's Division of Gaming Enforcement show the Borgata, the city's top-performing casino, won more than $124 million from in-person casino gamblers, internet wagering and sports betting. The online and sports … [Read more...]
Flexia Payments introduces InstaPlay, new registration and onboarding module Rege Behe, CDC Gaming Reports · August 18, 2022 at 2:19 pm Flexia Payments Thursday announced the launch of InstaPlay, its new registration and integrated onboarding module of the Flexia Cashless Solution. InstaPlay enables casino customers to instantly enroll in the Las Vegas-based fintech company’s cashless gaming solution -- and a casino’s loyalty and other proprietary systems -- in a single automated process. “This is what will propel true … [Read more...]
Sportradar’s revenue surges David McKee, CDC Gaming Reports · August 18, 2022 at 1:36 pm Riding a two-thirds increase in U.S. revenue and 21 percent overseas, Sportradar beat Wall Street estimates for the second quarter of 2022, even though cash flow did not meet expectations. The company raised its full-year revenue projection from €665 million to €715 million. Considerably higher (38 percent more) labor expenses helped account for the miss in EBITDA (earnings before interest, … [Read more...]
Colorado Lottery extends Scientific Games Enhanced Partnership CDC Gaming Reports · August 18, 2022 at 1:05 pm Scientific Games announces the Colorado Lottery will evolve its Scratch-game business to the Scientific Games Enhanced Partnership (SGEP) program through a contract extension. The move comes as part of an overall responsible-growth plan to drive maximum contributions to Colorado’s parks, trails, pools, open spaces, and schools across the state. Scientific Games has provided the Colorado … [Read more...]
One shot at Oregon casino in gunfight with police; public asked to stay away Associated Press · August 17, 2022 at 7:23 pm PENDLETON, Ore. (AP) - One person was shot as a man and police exchanged gunfire at an eastern Oregon casino, tribal officials said. Police stopped a man with a gun at the door of Wildhorse Casino and Resort in Pendleton, the Confederated Tribes of the Umatilla Indian Reservation said Wednesday on Twitter. A bystander was struck by gunfire during the shootout. The bystander’s condition … [Read more...]
Analyst predicts Las Vegas Strip headed for a revenue decline in 2023 Howard Stutz, The Nevada Independent · August 17, 2022 at 6:23 pm Nine times in the last year, Las Vegas Strip resorts combined for monthly gaming revenue figures that shattered records and set the single-highest one-month total — $792.6 million in July 2021. But one analyst believes the record-setting run is about to end. Fitch Ratings Service gaming analyst Colin Mansfield predicted Las Vegas gaming revenue will decline as much as 10 percent during 2023. … [Read more...]
Penn Entertainment to buy the rest of online gaming partner Barstool Sports Gerry Smith, Bloomberg · August 17, 2022 at 6:22 pm Penn Entertainment Inc. is acquiring the remaining shares of Barstool Sports that it doesn’t already own, giving the casino operator full control of the controversial sports and pop-culture company. In a filing Wednesday, Penn said it exercised call rights and would complete the purchase of the remaining Barstool shares by February 2023. In 2020, Penn agreed to buy a 36% stake in Barstool … [Read more...]
Seneca Nation president seeks ‘fair, new’ gaming compact with New York State Mark Scheer, Niagara Gazette · August 17, 2022 at 6:21 pm The president of the Seneca Nation of Indians said Wednesday that he's looking for a "fair, new" gaming compact with the state of New York. When asked to elaborate following a press conference outside Seneca Niagara Casino in Niagara Falls, Seneca Nation President Matthew Pagels said the gaming landscape has changed "drastically" in the 20 years since the Seneca Nation obtained exclusive rights … [Read more...]
Maryland: Orioles opening Super Book lounge, FedEx Field granted license for sportsbook; still no timeline for mobile Robert Lang, WBAL Radio · August 17, 2022 at 6:11 pm There are several developments [Wednesday] regarding sports betting in Maryland. The Orioles [announced] a partnership with Super Book Sports, which, pending approval by the state sports wagering commission, will allow the company to set up a sports betting lounge in Camden Yards, which is scheduled to open next year... Meantime, the sports wagering commission approved the license of … [Read more...]
MGM Resorts Foundation awards $2 million in grants to nonprofit organizations Rege Behe, CDC Gaming Reports · August 17, 2022 at 6:02 pm The MGM Resorts Foundation Wednesday announced it has awarded 82 grants, totaling nearly $2 million, to nonprofit organizations in communities where MGM Resorts operates. The nonprofits, located in Southern Nevada, Michigan, Mississippi, New Jersey, New York, Northeast Ohio, Western Massachusetts, and the District of Columbia Metropolitan area, provide basic needs and services to residents in … [Read more...]
Racing ‘leaving money on the table’ over fixed-odds betting, conference panel says Matt Hegarty, Daily Racing Form · August 17, 2022 at 5:59 pm Fixed-odds betting on U.S. horse races could be a major business for sports-betting sites, provided the racing industry can work with regulators and other racing constituencies to smooth the way for its launch, racing and sports-betting officials said on Wednesday at a panel at the Racing and Gaming Conference in Saratoga Springs [New York]. Fixed-odds betting in the U.S. has long been a fever … [Read more...]
New York Yankees president hopes for lowered sports betting tax rate, casino in Coney Island Mark Saxon, NY Online Gambling · August 17, 2022 at 5:57 pm Like most major sports teams based in states with legal mobile sports gambling, the Yankees — who have partnership deals with FanDuel, DraftKings, and Bally Bet, among other relationships — have a stake in making sure the industry thrives in the long run. For that to happen, one prominent Yankees executive thinks New York will have to lower the 51% tax rate it is charging the sportsbook … [Read more...]
Online casino games provider Pariplay secures Pennsylvania license Derek Helling, PlayUSA · August 17, 2022 at 5:55 pm Pariplay‘s North American expansion has entered the most lucrative market for online casino revenue on the continent. On Tuesday, Pariplay announced it has secured a license to offer its games to PA online casino operators. It isn’t yet certain which apps will be the first to offer Pariplay’s games in Pennsylvania, but there are some likely contenders. Pariplay’s acquisition of this license … [Read more...]
Illinois: Danville amends zoning ordinance in anticipation of expanded gambling Jennifer Bailey, Commercial-News · August 17, 2022 at 5:51 pm Attempting to address possible future gambling expansions and allow more locations, the Danville City Council Tuesday night approved a text amendment to the city’s zoning ordinance for definitions and uses by a 13-0 vote. City officials have said this is in anticipation for when the Illinois General Assembly does further expansion of gaming activity that would be regulated by the Illinois … [Read more...]
$20M Ocean Prime steakhouse to open atop Project 63 on the Las Vegas Strip Johnathan L. Wright, Las Vegas Review-Journal · August 17, 2022 at 5:48 pm At a desert crossroads, four stories up, it’s a trip through the pasture, and a plunge to the briny deep. For $20 million. Ocean Prime, the first Las Vegas location from the luxury steak and seafood restaurant brand, is taking shape atop Project 63, at the corner of West Harmon Avenue and the Strip. It’s a particularly posh stretch of the souk, a center-cut portion also populated by The … [Read more...]
Lyft unveils self-driving car service in Las Vegas, with ‘safety drivers’ in place Cade Metz, The New York Times · August 17, 2022 at 5:43 pm Self-driving car services are popping up across the country. But they are not what they seem. The latest example is an upgraded service in Las Vegas from the ride-hailing business Lyft. On Tuesday, the company said it would allow users to hail a new kind of self-driving car on and around the Las Vegas Strip, building on a similar service that it has offered in the city for the last four … [Read more...]
OPINION: A casino is the chance Coney Island has been waiting for Randy Peers, President and CEO of the Brooklyn Chamber of Commerce, in Brooklyn Paper · August 17, 2022 at 5:39 pm New York created a major economic opportunity when voters approved the expansion of gaming in 2013 through an amendment to our state Constitution. It will soon become reality: effective April 11, 2022, three new downstate casino licenses will be approved in our state. The Gaming Commission will be soliciting proposals which need to demonstrate community support, follow local zoning rules, and … [Read more...]
Sportradar surges on American sports betting in Q2; CFO resigns for U.S. job Brendan Coffey, Sportico · August 17, 2022 at 5:34 pm Data and analytics company Sportradar reported second-quarter sales rose 23% this morning as the company raised its expectations for full-year sales. Wall Street responded by buying up shares, sending the company up more than 21% by mid-morning on the Nasdaq. Sportradar generated nearly $186 million (177.2 million euros) in revenue in the quarter that ended June 30, driven primarily by an … [Read more...]
Bahamas: Atlantis Paradise Island names new chief gaming and customer development officer Caribbean Journal · August 17, 2022 at 5:32 pm Atlantis Paradise Island has named a new chief gaming officer. The signature resort has tapped Joe Brunini as its new chief gaming and customer development officer. In the role, Brunini will oversee the operations and marketing of the world-renowned Atlantis Casino. “We are thrilled to welcome Joe to Atlantis and eager to see his ideas for new initiatives take shape,” said Audrey Oswell, … [Read more...]
Ohio Commission approves 200 applicants for Type C sports wagering host licenses Donald Emmons, OHBets · August 17, 2022 at 2:57 pm The Ohio Casino Control Commission moved another step closer on Wednesday morning to getting things in order for launching sports wagering in the Buckeye State. During its monthly meeting, the commission unanimously approved the first 200 applicants for Type C sports wagering host licenses that will become effective Jan. 1, 2023, which is also the designated universal start date for Ohioans to … [Read more...]
FanDuel, DraftKings and others scale back marketing as NFL season arrives Katherine Sayre, Wall Street Journal · August 17, 2022 at 2:53 pm Sports-betting companies are revisiting their game plans. Gambling operators have been pouring hundreds of millions of dollars into the pursuit of new customers as more states have adopted online sports betting. Now, those companies are under pressure to rein in spending because they have said they plan to turn a profit sometime next year. The college football and National Football League … [Read more...]
Gambling giant Entain could lose UK licence after record £17m fine Rob Davies, The Guardian · August 17, 2022 at 2:37 pm Entain, the gambling firm behind Ladbrokes and Coral, could lose its licence to operate in the UK after it was told to pay a record £17m settlement over its inaction as individual customers spent hundreds of thousands of pounds. The Gambling Commission highlighted multiple failings in Entain’s online and high street business, all of which occurred after the government announced a review of … [Read more...]
Ex-Indiana lawmaker sentenced in casino money scheme August 17, 2022 at 2:33 pm INDIANAPOLIS (AP) - A former Indiana state senator and a longtime casino executive were sentenced Wednesday to federal prison terms for their roles in a scheme that illegally funneled gambling company money to the politician's unsuccessful 2016 congressional campaign. The federal investigation into contributions to Republican Brent Waltz's campaign tied to casino company lawyer John Keeler led … [Read more...]
