Barstool Sportsbook Gets llnos Lcense Launches on Thursday

Posted on August 31, 2020 by Cory - Other

Aristocrat Technologies was one day away from launching the first of its new slot machines designed for Illinois' burgeoning video gaming terminal market when the state became the first in the U. S. to shut down its gaming industry in the wake of the coronavirus pandemic.

Kurt Ghisane, Aristocrat's vice president of North American sales, said the company wasn't discouraged by the closure of Illinois' 10 riverboat casinos and the state's entire video gaming market, which lasted 106 days.

"We were going to be up and running the next day," he said. "That gave us time to build out our gaming terminal strategy and prepare for a stronger opening."

Kurt Ghisane, Aristocrat

Aristocrat announced last week that it has installed more than 300 machines in video gaming terminals in Illinois. Each machine contains eight different games, including the company's trademark Buffalo products.

Gissane, who has been supplying slot machines to the Illinois riverboat casino industry for many years, said that Aristocrat, which is based in Australia and has its U. S. headquarters in Las Vegas, has a good understanding of the state's gaming situation.

Last year, Illinois passed a gaming expansion bill that allowed video gaming facilities to add one more slot machine, increasing the number of games from five to six. The bill also allowed six new casinos, including one in Chicago, to add several slot machines to existing riverboats, and allow two Chicago airports (Midway and O'Hare) to operate only slot machines.

The addition of video gaming terminals gave Aristocrat the opportunity to develop games specific to Illinois, according to Gissane.

Illinois has one of the largest video gaming terminal markets in the nation, with 7, 137 locations across the state, and 35, 680 games in total, although none are currently in Chicago. Locations include bars, taverns, restaurants, convenience stores, fraternal lodges, gas stations, truck stops and other locations with liquor licenses.

In 2019, video gaming terminals generated $1. 677 billion in revenue, up from $12. 3 million when gaming was legalized in 2012. At the same time, revenue from Illinois' 19 casinos has fallen more than 17%, from $1. 638 billion in 2012 to $1. 354 billion last year.

In July, the first month when Gaming in Illinois resumed business, Gambler bets over $ 2 billion in a video slot, reaching $ 634. 6 million.

Two casino operators, Pennn National Gaming and Boyd Gaming, have acquired a throttle sales company in Illinois to strengthen casinos.

Gissane believes that ARISTOCRAT games will be supported by reversboat casinos, which will be reproduced in the video game market. He is part of the intentional strategy of continuous investment of Aristrat's "Casino Slot Machine's (Casino Slot Machine) business and continuous investment to expand our and our reaches." I mentioned.

He stated that Ariste Clut was cooperating with all major video game consoles in Illinois.

"When we challenge (design teams) to create a new game experience using the most popular titles of our company to meet the VGT guidelines in Illinois, the team is an exciting new game suite. Gissane said.

Aristrat offers a machine in the Oregon video game market and Canada's video treasure terminal business.

Aristocrat and other slot machine providers have announced upgraded barto p-type slot machines used in many restricted gaming locations, including Nevada, in 2019 Global Gaming EXPO. However, according to Gissane, Illinois has not used any bartops.

In the other eight states, there are legal video game terminals or slot machines, including Louisiana, Nevada, and Oregon. It is also legal in Montana, West Virginia, Pennsylvania, and Georgia. Legalization is being considered in Missouri, Mississippi, and Indiana.

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Pandemic withers Galaxy Gaming’s second-quarter results; acquisition seen as hopeful sign

Posted on August 30, 2020 by Cory - Others

Galaxy Gaming felt the pain of Coronavirus in the second quarter with other companies in the casino industry, recorded the deficit, and reduced cash flow and revenue. However, the company has completed the acquisition of $ 12. 4 million Progressive Games Partners this month, and hopes.

Galaxy, a Las Vegas-based casino table game and system development, manufacturing, and sales company, ended on June 30 in the 10-Q report submitted to the Securities and Exchange Commission this month. The pure loss for the month was $ 2. 2 million (12 cents per share), and it has announced that it has turned from the profit of $ 1. 1 million (4 cents per share) of the previous year.

Interest rates, taxes, and depreciation deductions, which are cash flow indicators excluding temporary costs, have decreased from $ 2. 4 million to minus $ 1. 4 million. According to the company, after adjustment, EBITDA's numbers do not include about $ 480, 000 litigation expenses related to the lawsuit with the Triangulum Partors LLC.

On May 7, 2019, Galaxy redeemed all 23. 3 million shares held by the Triangulum Partners dominated by the founder and former CEO Robert Saucier.

Before repayment, Soschier was a Galaxy major shareholder. Soschier, who founded Galaxy in 2000, left the company in November 2018.

Galaxy's sales in the second quarter fell to $ 663, 972 to $ 87. 7 % to $ 663, 972.

In the statement, Galaxy brought out a million dollars of credit revolver on March 12 and lending an unsecured pa y-check protection program loan, which is suspended from operating curves. He said he had worked to reduce. According to the 8-K-K submitted to the SEC, the loan was $ 835, 300.

Galaxy stated that the fiscal tightness in the second quarter has a "negative effect" to the ability to meet one or more of the financial restriction clause for bank debt. Nevada State Bank agreed to match the execution of several financial restriction clause until the first quarter of 2021.

Galaxy announced on March 17 that it will suspend charging for customers who have been forced to close during the COVID-19 COVID-19 pause required by the state government.

For this reason, Galaxy had no game revenue from casino customers. However, online games customers who license Galaxy games have continued to operate and gained money to Galaxy.

"We are earning from them during the crisis, and we expect to continue so," The company has stated in the submitted documents. " It may be a low level. "

Galaxy's CEO Todd Cravens said in a statement that he would like to make the most of the dormant period, develop new games and technologies, and introduce it later this year.

"Our online games and businesses are still doing well.

On February 25, Galaxy Gaming agreed to pay $ 12. 4 million to the progressive gaming partners. Among the payments, $ 6. 4 million to $ 10. 4 million is cash, and the rest will be paid for new issuance of Galaxy's ordinary shares ($ 1. 91 per share). The transaction ended last week.

Progressive gaming partners owns exclusive online rights for Galaxy's unique casino table games.

According to CRAVENS, contracts with Progressive Gaming Partners will be able to cooperate more closely with Internet gaming customers, increasing the interest per share of Galaxy.

Galaxy gaming stock prices fell by about $ 28 $ 28 on Friday's ove r-th e-counter sales. The stock price has fallen 39. 8 % in 2020.

Follow Matthew Crowley on Twitter @Copyjockey.

Mohegan Gaming & Entertainment appoints Kevin Lowry as assistant general manager of Mohegan Sun

Posted on August 28, 2020 by Cory - Others

Mohegan Gaming & Amp; Entertainment has been appointed Kevin Lowry as an assistant general manager of Mohegan Sun Connecticut. In a new role, Kevin is in charge of Mohegan Sun's finances, gaming, cacher, tenants and retail.

"Kevin has been a member of the Mojigan family for over 20 years, and has been sincere in Mojigan Sun Connecticut since its opening in 1996.

Since its establishment, Kevin has been the vice president and highest finance officer of Mojigansan and Mojigansan Pokono. In the financial department, he has served as analysts, senior analysts, budget / analysis managers, financial planning / analysis directors, and vice president of financial planning and analysis.

Kevin works on all major measures with Jeffrey Hamilton and leadership teams, president and general manager of Mojigansan. Kevin graduated from Marietta College, acquired the Bachelor of Business Administration, and now lives in Pocatag, Connecticut, along with his two sons Kyle and Luke.

GAN announces agreement with Churchill Downs in multi-state roll-out of igaming

Posted on August 28, 2020 by Cory - Others

Gan Limited announced yesterday that Churchill Downs had a mult i-year contract for CHUCHILL's Internet Sports Betting and Eagaming Business Enterprise Software Platform.

With this new customer relationship, Betamerica will participate in the approved online sports and betting market by utilizing GAN's optimized enterprise software. Beta Marica currently operates a sportbook in New Jersey, Pennsylvania, Indiana, Mississippi and Arkansaw.

Churchill has a combination of retail gambling assets held in the United States and the combination of existing Igaming market access contracts, and GAN classifies Churchill as a Ti One operator.

GAN plans to publish a thir d-party sports betting content, which is developed by thir d-party, and online casino games, which are integrated from/ or a third party, from Kambi, which is currently integrated into the GAN platform. 。

Gan's highest executive officer Dermot S. Smartfit says, "Our technology platform has strengthened its solid American brand, and churcholdowns will invest in marketing to attract sportsbetting and waging players. I will make that possible. "

"With the migration of GAN and Kambi as a new technology provider, our team will be able to execute Betamerica sportsbooks and wagaming products in the future, and will be able to develop the development of Eagaming products. We believe that each state legalizes and provides more efficient services in the legalization of sports betting and wigming. "

Nevada regulators approve William Hill purchase of CG; company’s Strip operations expand

Posted on August 28, 2020 by Cory - Others

The chairman of the Nevada Gaming Committee has added a last blow just before approving the sale of Las Vegas sportsbook management company CG Technologies to Rival William Hill U. S.

John Moran Junior Junior Chairman, "CG will disappear and bring some luggage for the company, which has a long history of $ 9 million in Nevada since 2014. "He said on Thursday.

William Hill's CEO, CEO, told the Gaming Committee that the acquisition would include the operation of six casino sportsbooks in the strip or nearby.

According to Asher and his lawyer, Venetian Las Vegas, Palazzo, Tropicana Las Vegas, Cosmopolitan of Las Vegas, Silverton are all WILLIAM Strip street, a market where Hill grows , Or near it.

On the other hand, William Hill is also proceeding with the operation of the former Caesars Entertainment, which is operated by the other 11 sportsbooks in Nevada (nine of them are along the strip or nearby). It also contains a symbolic sports book of Caesters Palace.

The company, which is still known as Caesers, was acquired by Eldorado Resorts, which is affiliated with William Hill last month with a mergers of $ 17. 3 billion.

Sherreller quoted lon g-term analysis for the gaming control board (Gaming Control Board) before the merger with Caesers was approved, and the merger with CG was ant i-competitive. He said there was no.

"Historically, William Hill's smallest market is the strip area. He is also a" market for the entire state "in Nevada, and more than half of the bets are performed through the mobile sports betting app. He pointed out that he was.

"William Hill is developing a business throughout Nevada, and the line and odds are the same," Sheller said.

Prior to CG's deal with Caesars, William Hill's only properties on the Strip were Circus Circus, Sahara and Casino Royale. William Hill CEO Joe Asher (right) and NHL Commissioner Gary Bettman at the 2019 AGA Sports Betting Executive Summit

Usher said he is excited about the sportsbook locations William Hill will acquire on the Strip through the CG acquisition, which include the Venetian, Palazzo and Cosmopolitan. He said the company has begun discussions with Las Vegas Sands about renovating the sportsbook at the Venetian, and is also considering plans to renovate the Silverton.

"Some things we do a little differently. We just wanted to get to the finish line," Asher said. "We've invested millions of dollars in sportsbooks in this state.

The acquisition was announced last November. The sale price was not disclosed, and Asher told the commission that a legal judgment owed by CG stemming from a 2017 lawsuit was deducted from the purchase price. A Clark County jury found that Asher did not violate a non-compete agreement when he left CG in 2007 to start his own company.

CG A spokesman for CG said the company had no comment on the deal itself.

Usher also said on Thursday that Bahamas gaming regulators approved a deal for William Hill to provide a betting platform and risk management consulting for Atlantis on Paradise Island.

Earlier this month, Usher told the Gaming Control Board that it would appear to be a seamless transition for sports betting customers. Unsettled CG betting tickets will be held by William Hill, and CG mobile sports betting customers will be migrated to William Hill's mobile app. He said Thursday that William Hill plans to hire 80 to 100 former CG employees, including those who will work in the sportsbook and CG's corporate offices.

William Hill also manages sports betting operations for five resorts in downtown Las Vegas: The Strait, Downtown Grand, Binion's, Plaza and Four Queens.

Usher said he joined CG in the mid-2000s. He was managing director of Lucky's Gaming Company (then called Cantor Gaming) when the company expanded into Nevada. Cantor Gaming was the sports betting arm of financial firm Cantor Fitzgerald. He left Cantor Gaming in 2007 to start his own sportsbook management company, Brandywine Bookmaking, which quickly grew into a network of 16 racebooks and sportsbooks across Las Vegas under the brand name Lucky's Races & Sports.

William Hill is currently operating more than 120 racebooks and sportsbooks in Nevada through retail stores, Kiosque gambling, and mobile sports gambling apps. It also operates retail sportsbooks in New Jersey, Indiana, West Virginia, Illinois, Colorado, and Iowa, and operates online in Iowa. He has also acquired a sports betting license for a large number of casinos in Mississippi and New Mexico, and is also a dedicated risk manager for sports lottery in Delaware and Road Island.

William Hill has also opened a sportbook in Washington, D. C. Capitol One Arena.

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted: August 28, 2020 Author: Cor y-Others

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Las Vegas visitation falls in July along with airline passengers and gaming revenues

Posted on August 28, 2020 by Cory - Others

And, of course, in July 2020, the convention participants became zero for four consecutive months.

"The Las Vegas Tourism Bureau announced the results of July on Thursday.

In addition to continuous concerns about pandemic, it is not surprising that the number of visitors has decreased by 61 %, given that air travel to southern Nevada is decreasing. Nevada's casinos are operated under COVID-19 health, safety and cleaning guidelines, as well as capacity limitations and social distance protocols.

The number of guest rooms opened in June and July was 123, 684 rooms, decreasing from 148, 000 rooms in March before pandemic. The overall occupancy rate reached 42. 5 % in July, with a weekend operating rate of 54. 4 %. The operating ratio of the mi d-week area in the strip area reached 36. 9 %. The occupancy rate in July last July was 91. 1 %.

In the strip area, the average daily accommodation for open facilities was $ 115. 68, down 15. 2 %, and sales per room were $ 44. 47, down 61. 9 %.

There are several facilities in the strip in August, such as Chromewell, Oyo Hotel and Casino, Palms Resort, Park MGM, Planet Hollywood, The Rio, Tropicana Las Vegas. MGM Resorts International resumed Mirage on Thursday.

The decrease in the number of visitor gaming in July has been reduced by 39. 2 % of the number of visitors. Strip gaming income has decreased by 46. 7 % for the first seven months in 2020.

Las Vegas's McCaran International Airport was transported by more than 1. 6 million in July, down 64 % yea r-o n-year. For the first seven months in 2020, McCalan's passengers have decreased by 55. 3 %.

It is the decrease in tourists from overseas.

The number of passengers passed through the airport international terminal in July was 5, 372, a decrease of 98 % yea r-o n-year. Foreign travelers who have slowed down due to pandemic travel restrictions have decreased by 68. 3 % in the first seven months this year.

Almost all foreign travelers came from Guadalahara in Mexico through Boralis Airlines. Other foreign travelers used flights operated by West Jets and Air Canada from Canada.

The average daily vehicle traffic to Las Vegas, which passes through all major hig h-way, was estimated in July of 122, 299 units, decreasing 9. 9 % from the same month last year, but increased 14 % from the first two months this year. The average daily traffic traffic in July on the state of California and Nevada on the state of the Metropolitan Expressway 15 was 44, 332 units, 13 % higher than the first two months this year.

Other sightseeing markets in South Nevada were similar in July. Downtown's hotel operating rates were 44. 4 %, and game revenue in the market decreased by 20. 6 %. Laflin tourists were down 47. 6 %, and game revenue was reduced by 17 %.

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted on August 28, 2020 by Cory - Others

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

theScore Bet to operate online casino in New Jersey

Posted on August 28, 2020 by Cory - Others

"The addition of online casinos to our mobile, sports and betting platforms will expand our reach and deepen our powerful asset portfolios.

With this contract, the Twin River will receive the percentage of revenue from the online casino in the Squore Bet, and will be paid a minimum warranty, lum p-sum contract, and if applicable. The contract can be updated for five years by the selection of Thescore in the first 10 years, and can be updated for another five years due to the agreement between the two.

Posted on August 28, 2020 by Cory - Others

The industry conference and exhibition will return to Malta in March with the launch of the spring Igaming Week.

Spring iGaming Week will be in Malta in 2021

Posted on August 28, 2020 by Cory - Others

The beginning of Siw2021 is the KPMG Malta Gaming E Summit. This year's third year, Esummit, will reach 400 advanced and C-level gaming industries in Westin Dragonala in St. Jurian's on the 22nd.

The highlight of the Spring Igaming Week is Casinobeats Summit 2021, which will be held on March 23 to 24 at Intercontinental in St. Julians. At CBS2021, as many as 2, 000 participants, conference, exhibition, and networking will be held for two days.

In the CBS2021 closing party "Molly's Malta Game", Casino Malta and an American writer and entrepreneur Molly Bloom will be hosting.

Regarding this collaboration, KPMG Malta's director and gaming lead, Russell Mifsud, said, "The E Summit is an invitation meeting for executives and sort leaders. Esummit is for executive and sort leader. It is an invitation meeting, and we spend comfortably in our colleagues to gather, examine the industry's worst brain, and explore the sustainable opportunities. You can "

"SBC's CEO and founder, Lasmas Soimark, said:" After the tough 2020, physical events will return to the betting and gaming department for the first time in a year or so. Is there a place that is as suitable for Malta? "

"Malta is the center of gaming and a physical meeting and exhibition back to Malta is appropriate to Malta," said Ivan Filetti, COO of GAMINGMALTA. I'm thinking. "

The Game Developer Showcase will provide an opportunity for game providers to showcase their recently launched titles as well as new titles for 2021. The Game Developer Award will be determined by a vote by the judges and a vote by the audience on the day.

Posted on August 28, 2020 by Cory - Other

The City of Chicago today issued a Request for Information (RFI) to solicit creative ideas and potential strategies for developing and operating a world-class casino in Chicago. This RFI provides an opportunity to get the perspectives of leading casino operators and real estate developers on key issues that will be considered as the City evaluates Chicago casino proposals.

City of Chicago solicits ideas and industry input for a casino

Posted on August 28, 2020 by Cory - Others

After decades of multiple failed attempts, a gaming expansion bill was signed by the Illinois State Legislature in June 2019, authorizing a Chicago casino. However, according to a feasibility study published by Union Gaming Analytics, the approved bill imposed an effective tax rate of approximately 72%, making it nearly impossible to develop a profitable Chicago casino. Earlier this year, Mayor Lightfoot stepped up her efforts and worked with the state legislature to lower the tax rate and amend the law to make a Chicago casino a reality.

As the third largest metropolitan area in the United States with a population of over 9. 5 million, Chicago is the largest untapped gaming opportunity in the country.

"We need projects like this more than ever to revitalize Chicago's economy, provide jobs for working men and women, and revitalize direct and indirect support for small businesses," said Jack Lavin, president and CEO of the Chicago Chamber of Commerce.

"The construction of the casino complex will provide new revenue to the city's police and fire pension fund and budget relief to the city's enterprise fund," said Chicago Chief Financial Officer Jenny Bennett.

RFI respondents are asked to share their thoughts on key issues such as requirements for operating a temporary casino, recommendations for the size and scope/physical footprint of the gaming complex, their vision for leveraging Chicago's existing urban assets, and how they envision addressing COVID-19 as part of the development. The RFI is the first step in the casino development process.

Posted on August 27, 2020 by Cory - More

BetMGM today launched BetMGM Casino in West Virginia, now offering online casino gaming to Mountain State residents.

BetMGM launches BetMGM Casino in West Virginia

Available for download on both iOS and Android, and accessible from desktop, BetMGM Casino will launch with 30 games including blackjack, roulette, and standalone and progressive slots. The new casino is a dedicated tab within the BetMGM Sports West Virginia mobile app and complements BetMGM's sports betting products and online casino.

"With the largest selection of casino games in the state, we are confident that our offering will quickly become the online gaming destination of choice for players," said Adam Greenblatt, CEO of BetMGM.

BetMGM Casino is operated in conjunction with The Greenbrier, a luxury mountain resort. BetMGM Casino is also available in New Jersey and is expected to be available in Pennsylvania and Michigan in the coming months, subject to regulatory approval.

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