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Increase of Canadian gamblers in Detroit casinos

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Increase of Canadian gamblers in Detroit casinosReading Time: 2 minutes

There has been an increase in the number of Canadian gamblers in Detroit casinos. The gains in the gambling industry have revived the hopes of a new lease of economic surge in the city after the distress following the 2008 financial crisis.

There are currently three casinos in the Detroit area: The MGM Grand Detroit, MotorCity, and Greektown Casino. While there are some tribal casinos and horse racing tracks in the state, there are no casinos on par with the three operating in Detroit.

The MGM Grand Detroit is a resort-style hotel, with a music venue and 100,000 square feet of gaming space, including VIP gaming space. The MotorCity casino has approximately the same space for a hotel and the gaming floor as well as a music venue. Greektown Casino is the youngest of the three and has roughly the same number of rooms and gaming space, as well as VIP amenities. These are the only casinos in a major metropolitan area outside Las Vegas.

While they saw decades of economic downturn and declining revenue, the casinos are now having record years. The three casinos took in nearly $150 million in one month this spring, which is their biggest haul since 2012. The expectation from financial experts is that the three casinos will continue to grow and pump more revenue into a city that desperately needs it.

Why Are the Casinos Growing in Revenue?

There are three reasons why the Detroit casinos are growing in revenue. First, the economy of the United States is continuing to improve as is the economy of Detroit since the Great Recession of 2008. There are more jobs available, and people have much more income to spend on entertainment, including the Detroit casinos.

In addition, Detroit itself is experiencing a revival. The shattered housing market all over Detroit allowed artists and entrepreneurs to take advantage of rock-bottom rents and housing prices, especially in the city’s centre. Over the last few years, Detroit has become well-known for its art, food, and culture scenes. That means more and more tourists are coming to the city and staying to eat, drink, and gamble. And, that is good news for the casinos. In addition to anchoring the downtown entertainment district, the casinos are benefitting from the sheer number of people who are visiting the area.

Perhaps the biggest reason the Detroit casinos are seeing an upswing in the number of customers is that their closest competition has been shuttered because of a worker’s strike. The Caesars Windsor Casino, which is located directly across the river in Windsor, Ontario, has been unable to have any revenue flowing through its business for the last two months.

The employees, rather than collect a 75-cent raise offered by management, decided to go on strike. So far, the casino and the employees have refused to budge, and the casino remains closed. Gamblers who wish to gamble in a resort casino have no choice but to come across the river and gamble in Detroit. To their credit, the Detroit casinos are offering incentives for Canadian residents who are coming across the border to play and will continue to offer incentives to keep them coming back even if the Canadian casino reopens. It is safe to say that Canada’s loss in revenue is Detroit’s gain.

 

Source: usaonlinecasino.com


Source: European Gaming Media Latest News

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The Betmakers Holdings Limited Signs Deal with UK Platform Provider to Deliver Racing Solution and Global Tote Access

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The BetMakers Holdings Limited announced that its wholly owned subsidiary BetMakers DNA Pty Ltd (BetMakers) has signed an agreement with wagering platform provider, InPlayNet Entertainment Limited (“InPlayNet”) to provide the full racing solution including Global Tote access for their clients.

Highlights:

– BetMakers signs UK platform provider InPlayNet to deliver racing solution including Global Tote access

– InPlayNet provides white label gaming and wagering solutions for operators across Europe and Asia.

InPlayNet provide white label gaming and wagering solutions for operators across Europe and Asia.

BetMakers and InPlayNet will commence integration immediately and are expected to be live by October 2018.

BetMakers Managing Director, Todd Buckingham commented: “This deal with InPlayNet will give BetMakers and in particular the Global Tote further distribution emphasizing its international attraction across jurisdictions. The racing solution being delivered to InPlayNet under this agreement covers all aspects of racing, including data delivery, odds and pricing, trading solutions and Global Tote.”

“InPlayNet partner with some of the world’s leading providers for their software and data solutions such as NYX Gaming for their casino products and BetRadar for their sports solutions along other leading payment providers so it’s great they will be partnering with BetMakers for their racing solution”

BetMakers will collect and distribute revenues for racing bodies through its data distribution deals and Global Tote.

BetMakers will generate revenues through a percentage of gross gaming with InPlayNet

About The Betmakers Holdings Limited:
The Betmakers Holdings Limited formerly TopBetta Holdings Limited, is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services. Global Tote Australia Pty Ltd conducts TBH’s Wholesale Business, which includes operating and licensing its wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world, to participate in global pools. The Wholesale Business is conducted under a B2B licence granted by the UK Gambling Commission to Global Tote Limited, a company incorporated in Alderney, UK.


Source: European Gaming Media

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INTRALOT presents its Next-Generation products and services

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INTRALOT presents its Next-Generation products and servicesReading Time: 3 minutes

 

INTRALOT ushers in the Digital Transformation era for Lotteries through its Next Generation of Products and services in its booth #124 as Level I associate partner at North American Association of State and Provincial Lotteries (NASPL) Annual Conference, on 25-28 September 2018, at the Huntington Convention Center of Cleveland. INTRALOT will present its novel Sports Betting and Lottery Solutions along with a variety of gaming technology innovations such as Cashless transactions, Retailer optimization, business analytics, in-Lane solution, superior Trading Managed Services and best in class terminals, including the newest self-service gaming solutions, such as DREAMTOUCH Lite, simplified betting concept of TAPnBET and WINSTATION 30, the first in the market vending machine with a capacity of 30 scratch tickets games.

INTRALOT’s new Intelligent Ecosystem of Lottery and Sports Betting Solutions is designed to drive growth. Our solutions offer a personalized player’s experience adhering to the principles of Responsible Gaming with flexible, reliable, and secure offerings to address Lotteries’ modernization needs in the digital era.

 

New Sports Betting Solution in the World of Betting section

Our 25-years of experience in Sports Betting has guided the development of our next generation, flexible and scalable sports betting platformat the heart of an integrated Sports Betting Solution that incorporates advanced content, PAM, reporting and security functionalities.  The platform offers pre-integration with multiple commercial feeds, event creation, markets pricing, resulting, and in-play incidents. Our CMS and PAM carry the latest security and transparency features, KYC and geo-fencing, and payment provider integration capabilities. The Sports betting solution with its cross-channel capabilities can easily integrate with the Lottery platform and provide both cross-selling opportunities and economies of scale to State Lotteries in the United States. INTRALOT’s experience in running Sports Books covers more than 65 sports supported with different pricing models for over 24 sports, 24,000 In-Play events and 30,000 Pre-Game events per month capacity and more than 800 different market types. Our Betting entertainment portfolio includes Racing, Virtuals, and Pre-recorded propositions that increase player’s life time value.

 

New Lottery Solution in the World of Lottery section

In the Lottery area, the latest version of flagship Retail Terminals are exhibited with Self-Service and Vending terminals offering major improvements to players’ experience with their new features. The new INTRALOT Lottery Solution comprises new platforms, our CMS and our analytics software focusing on cross-channel functionalities and fast go-to-market, along with a modern touchpoint philosophy. With the use of Bluetooth/ WIFI technologies and mobile solutions, along with traditional retail solutions we transform customers’ journey. The new mobile lottery native app offers players new ways to seamlessly prepare and submit playslips and deliver benefits for all digital game offerings. A new, fully responsive web-portal for all viewports and games expands operator presence in all online channels.

During the conference, INTRALOT’s Executive members will discuss further on the Digital evolution and the complex challenges of Lotteries’ modernization:

  • Antonios KerastarisINTRALOT Group CEO – will participate in the Associate Member Panel Discussion in the General Session on Wednesday, 26 September 2018, 10:45 a.m.-12:00 p.m. in Atrium Ballroom A/B of the Huntington Convention Center of Cleveland.
  • Nick Papadoglou, VP CCO, together with Mr. Scott Hoss, Senior Marketing Manager, INTRALOT Inc. will be presenting Celebrating Ohio: A leading example of modernizing lotteries in a digital world. on Thursday, September 27, 2018, 10:15am -Associate Member Presentations (Level I) at Atrium Ballroom A/Bof the Huntington Convention Center of Cleveland.

INTRALOT’s Group CEO Antonios Kerastaris stated: “We are very proud about the digital evolution of our portfolio and the next-generation, flexible, and scalable suite of products in Lottery and Sports Betting that we will be presenting during NASPL. Our geographic refocus on the developed markets and especially in North America provides tremendous potential and opportunities for growth to operators that can be easily achieved through our rich and diverse products and services portfolio and experience”.

 

We invite you to experience a unique customer journey through the Lottery and Betting zones and learn more about our next-generation solutions designed to support Lotteries’ modernization by focusing on simple holistic solutions. Our specialists will be available to offer insights about our player-centric approach.

 

About INTRALOT:

INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 52 regulated jurisdictions around the globe. With €1.1 billion turnover and a global workforce of approximately 5,100 employees (3,100 of which in subsidiaries and 2,000 in associates) in 2017, INTRALOT is an innovation – driven corporation focusing its product development on the customer experience. The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise. Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT). Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive. INTRALOT has been awarded with the prestigious WLA Responsible Gaming Framework Certification by the World Lottery Association (WLA) for its global lottery operations.


Source: European Gaming Media

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GVC to thrive after Ladbrokes Coral integration

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GVC to thrive after Ladbrokes Coral integrationReading Time: 1 minute

 

GVC Holdings, the premier casino company in the world operating of Isle of Man, has drafted into its product mould a selection of content developed by CR Games, the in-house studio of the Ladbrokes Coral Group. GVC’s online brand will now include 20 titles from CRM games such as bwin, PartyCasino and Sportingbet.

The move is expected to thrive GVC’s business further. Integration of five more titles, including CR Games’ flagship “Big Banker” slot title, will start soon. This will include.

GVC plans to introduce the full line-up of games within the next few weeks, with the firm to launch the content in regulated market such as Italy, Denmark and New Jersey in the US before the end of the year.

GVC took ownership of CR Games when it completed its acquisition of Ladbrokes Coral in March.

Liron Snir, chief product officer at GVC, said: “This is an important milestone in the integration of GVC and Ladbrokes Coral and demonstrates the benefits to customers of bringing the businesses together.”

“At GVC, content is king and we believe building a unique gaming offer, which marries exclusive in-house developed games with the very best titles from third-parties, is a win-win for our players.”


Source: European Gaming Media

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