iGaming Industry
Gambling is heading to truck stops and online sites in Pennsylvania
Pennsylvania, the USA’s second-largest commercial casino state, is taking an even deeper plunge into gambling and will allow people to bet online, in airports and at truck stops.
With government leaders searching for money to plug holes in the state’s tattered finances, Gov. Tom Wolf on Monday signed legislation authorizing a major expansion of gambling.
Under the measure, the state will become the fourth to allow online gambling, joining Nevada, New Jersey and Delaware. It also makes Pennsylvania the first state to allow online play for both commercial casinos and its state lottery, as both go in search of newer and younger players.
Wolf, a Democrat, had not been enthusiastic about expanding gambling, but he entertained the idea in dealings with a Republican-controlled Legislature that saw it as a better option to balance the state’s persistent deficits than a tax increase.
While lawmakers also saw a gambling expansion as a way to bring tax revenue to their districts and pet projects, Wolf had focused on ensuring a gambling expansion wouldn’t damage the state’s existing tax collections from casino revenues or receipts from the struggling Pennsylvania Lottery.
“There’s been a lot of pressure from a lot of places in the commonwealth to actually expand this, and we do need some recurring revenue,” Wolf said. “Again, the goal has been all along to do what’s prudent, not cannibalize existing gambling revenue coming to the state, and I think what we’re settling on will actually do that.”
Besides online play, the new law will pepper Pennsylvania with games of chance.
Ten of the state’s 12 existing casinos can bid on a license for a new, smaller casino with hundreds of slot machines. Bidding would start at $7.5 million, with a table games certificate costing an extra $2.5 million, for a casino limited to 750 slots and 30 table games. Currently, the state’s larger casinos can operate up to 5,000 slot machines.
Meanwhile, casinos will be able to offer interactive gambling parlors in eight airports, including Pittsburgh and Philadelphia, while qualifying truck stops can operate up to five slot machine-style monitors called video gaming terminals. Only Nevada and Puerto Rico currently allow airport gambling.
Lawmakers expect the gambling legislation to produce $200 million or more annually from casino license fees and taxes on higher gambling losses.
The legislation was years in the making, and the compromise came together after House leaders dropped their long-standing demand that a gambling expansion favor bars and other liquor licensees, rather than casino owners.
The Northeast’s slow population growth and big post-recession casino expansions have drawn warnings that the region is so saturated that new gambling opportunities are cannibalizing existing ones.
But Colin Mansfield, a gambling industry analyst for Fitch Ratings, said he did not expect Pennsylvania’s move to spur much competitive response from other states. Still, he said, he could envision benefits for casinos and internet poker players if the law leads to an expansion of player pools joining Pennsylvania with New Jersey, which has the nation-leading internet gambling market.
Pennsylvania’s casinos rake in more gross revenues than any other state’s except Nevada’s, American Gaming Association figures show. But Pennsylvania is the No. 1 state in tax revenue from the casino industry, netting $1.4 billion in the most recent fiscal year. Pennsylvania’s lottery is one of the nation’s biggest, delivering $1 billion in profits on $4 billion in sales.
The bill emerged last week and won passage within 18 hours in both chambers of the Legislature despite opponents’ protests that they barely had a chance to read it, warnings that it carried unforeseen consequences and complaints that it was packed with sweetheart deals for casinos.
The gambling bill passed as part of a broader package designed to break a four-month budget stalemate over how to wipe out a projected $2.2 billion deficit.
Wolf also signed other elements of the legislature’s package to bail out the state’s finances, a $1.5 billion borrowing measure and a grab-bag of tax adjustments that could net $140 million annually. — (AP)
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Source: EEGaming.
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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