Corporate social responsibility in gambling: What’s the end game?By Luke Haward, CDC Gaming Reports • October 17, 2018Short-term thinking is an affliction deep-rooted and almost definitional to the nature of a corporate structure. It presents major challenges across most industries, including the gambling sector. The emphasis on turning maximum profits in the immediate term and a healthy… [continue reading]
Gambling on the BlockchainBy Andrew Tottenham, Managing Director, Tottenham & Co • October 17, 2018Whilst at this year’s Global Gaming Expo I sat in on a talk entitled “Gambling on the Blockchain.” It was a fascinating look at how this emergent technology is being used in sectors of the gambling industry. I left the… [continue reading]
Turbulent stock market disconnected from gaming universe during G2E-crazed Las VegasBy Howard Stutz, Executive Editor, CDC Gaming Reports • October 16, 2018While the industry partied in Las Vegas during the Global Gaming Expo, Wall Street burned. Last week’s stock market plunge – the Dow Jones Industrial Average fell nearly 1,400 points over two days – eliminated much of the value gained… [continue reading]
Joystick nostalgia: Pac-Man Battle Casino joins fight for younger slot playersBy John L. Smith, CDC Gaming Reports • October 15, 2018Not every column includes a confession. This one has two. First, my own. There was a time I was addicted. Not to booze or barbiturates. To Pac-Man. And Missile Command. And Centipede. And Asteroids a little bit. I didn’t need… [continue reading]
Lucky Dragon casino was supposed to be a Vegas hot spot for Asians. Two years later, it’s going up for auctionBy David Montero, The Los Angeles Times • October 15, 2018It opened up in the Year of the Monkey and closed in the Year of the Dog — a two-year stretch of bad fortune for a casino that once had designs on being the go-to place for an authentic Asian… [continue reading]
State’s gambling revenues need a designated homeBy The Lewiston (Pa.) Sentinel • October 12, 2018In the 2 1/2 months since the Supreme Court cleared the way for states to legalize sports betting, the state of New Jersey took in $1.1 million from its 8.5 percent tax on gambling. That came from $153 million spent… [continue reading]
The Rio Rumor: True or False?By Ken Adams, CDC Gaming Reports • October 11, 2018There are rumors floating around Las Vegas that the Rio is for sale. One rumor says there are several suitors and the property is already scaling back some operations in preparation for new bosses. Another speculates the property is to… [continue reading]
For brave new world of legalized sports betting, biggest news yet to comeBy John L. Smith, CDC Gaming Reports • October 10, 2018If you think the world of legalized sports betting turned upside down in 2018, just wait until next year. That’s the clear message sent Tuesday at the Global Gaming Expo in Las Vegas during a dynamic presentation on the Sands… [continue reading]
Everi Holdings using G2E to showcase company’s growth prospects for 2019 and beyondBy Howard Stutz, Executive Editor, CDC Gaming Reports • October 9, 2018Everi Holdings hasn’t always been the easiest company for the investment community to understand. Born out of the 2014 buyout of slot machine maker Multimedia Games by payment processing business Global Cash Access for $1.2 billion, Las Vegas-based Everi was… [continue reading]
In a post-Steve Wynn casino industry, an emphasis on empowering womenBy John L. Smith, CDC Gaming Reports • October 8, 2018In an industry long dominated by men, this is as close as I’ve ever seen to the year of the woman at the Global Gaming Expo in Las Vegas. It’s unofficial, of course. There are no banners to that effect. But… [continue reading]
Outsiders Still Misunderstand Japan Casino OpportunityBy Muhammad Cohen, Forbes • October 8, 2018A recent entry on a investing discussion board asked, “In which quarter in 2019 do you think Japan will determine the three [casino] licensees?” Might as well ask, “In which quarter in 2019 do you think medical science will conquer… [continue reading]
Compulsive gambling stats should be on tableBy The Daily Item (Susquehanna) • October 8, 2018It’s “game on” in Pennsylvania. Within the past 14 years, Pennsylvania lawmakers have done what few other states have even attempted, swinging open the casino doors to a myriad of on-site and online gambling options. Legal gaming began in Pennsylvania… [continue reading]
Tottenham Hotspurs betting partner 1XBet found to take cockfighting bets onlineBy Luke Haward, CDC Gaming Reports • October 6, 2018When Tottenham Hotspurs announced last month it was partnering with the Russian betting firm 1XBet for its sponsorship in Africa, nobody foresaw the fallout to come. The firm’s site, www.uk-1xbet.com, is fully licensed and legal, and permits gambling from the… [continue reading]
If legalized gambling is the future, our sports are really in troubleBy Thomas Boswell, The Washington Post • October 4, 2018“I liken sports betting more to Wall Street . . . I don’t believe it’ll be considered a game of chance. I think it will be a game of skill, just like you can be a day trader — you can be… [continue reading]
The UK Gambling Industry: Change (Under New Management) or Decline?By Luke Haward, CDC Gaming Reports • October 3, 2018The cartoon version of the UK gambling industry probably would have it as a naughty schoolboy who knows he’s done wrong, fearing a severe punishment from the new headteacher. But an alternative might be a dinosaur, set in its ways… [continue reading]
The state of gambling in Great BritainBy Andrew Tottenham, Managing Director, Tottenham & Co • October 3, 2018Each September, the UK Gambling Commission publishes its annual survey of gambling behaviour in Great Britain (not the UK). So September is the month when gambling operators hold their breath and gird themselves for the predictable media onslaught. Last year’s… [continue reading]
Storm warnings abate, but U.S. casino operators still cautious over Macau’s challengesBy Howard Stutz, Executive Editor, CDC Gaming Reports • October 2, 2018The investment community isn’t pushing the panic button on Macau – at least, not yet. Gaming numbers for the market during September came in far below expectations. However, the powerful Typhoon Mangkut that shut down the region’s casinos for 33… [continue reading]
A day of reflection brings tributes, lessons, and a few troubling questionsBy John L. Smith, CDC Gaming Reports • October 1, 2018ALEXANDRIA, VA. – On what should long be considered a day of remembrance and reflection in Las Vegas, I found myself far from the Strip, but close to a casino. So I decided to visit MGM Resorts’ sparkling $1.4 billion… [continue reading]
Kentucky must help addicts, not limit sports gamblingBy Mike Stone, Lexington Herald-Leader • October 1, 2018I read with interest the Sept.18 commentary by community columnist Carson Benn, “Expanding Ky. sports wagering not a wise bet,” As the debate over expanded gambling continues, some facts need to be emphasized. As Benn alludes to, Kentucky is a… [continue reading]
Pennsylvania gaming expands ‘with all deliberate speed’By Mark Gruetze, CDC Gaming Reports • September 30, 2018It’s been only 12 years, but in some respects 2006 seems a lifetime ago: In June 2006, Yahoo offered $1 billion to Mark Zuckerberg, then 22, for Facebook. He turned it down, saying the bid undervalued his company, which was… [continue reading]
The Money Side of RacingBy Bernard Kroviak, Special to CDC Gaming Reports • September 28, 2018Let’s talk about the money side of horse racing. Many of you already know this business fairly well, so what follows will read like Racing: A Beginner’s Guide. For those who don’t, let me outline some of the basics. Race… [continue reading]
Labour Supports Ban on Live Sports Gambling AdsBy Luke Haward, CDC Gaming Reports • September 28, 2018The Labour Party announced last Thursday, as part of its party manifesto, that it plans to remove gambling ads from live sports broadcasts and to require the gambling industry to submit to a mandatory 1% levy, which will be used… [continue reading]
Sports, Media and Gambling Have a Common CauseBy Ken Adams, CDC Gaming Reports • September 27, 2018In May, the United States Supreme Court ruled against a federal law banning sports betting. With that ruling New Jersey, Mississippi, Pennsylvania, Rhode Island and West Virginia rushed to pass enabling legislation. In June, sports betting began in New Jersey… [continue reading]
One year after senseless slaughter, community of Las Vegas continues to give real meaning to Vegas StrongBy John L. Smith, CDC Gaming Reports • September 26, 2018Late September marks the change of the season, but for many Las Vegans it will always mean the approach of a fateful day that saw the community challenged by unspeakable evil on October 1, 2017. Faced with the largest mass… [continue reading]
Nevada’s sports betting model protects consumersBy A.G. Burnett, Special to CDC Gaming Reports • September 26, 2018Earlier this year, the Supreme Court ruled in Murphy v. NCAA that a federal ban on sports betting was unconstitutional, giving each state and sovereign tribal nation the opportunity to create their own legal sports betting markets. This is welcome… [continue reading]
