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Gambling in the USA

Gaming Americas Weekly Roundup – June 15-21

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Welcome to our weekly roundup of American gambling news again! It was again an eventful week at the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which includes new deals, new investments, donations and revenue estimations. Read on and get updated.

New Deals

ROAR Digital has entered into a long-term partnership with the Confederated Tribes of Grand Ronde and become the Tribes’ exclusive sports betting partner. Under the long-term agreement, ROAR Digital will open a BetMGM Sportsbook at Spirit Mountain Casino this year.

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Pearl River Resort has selected Konami Gaming’s award-winning SYNKROS casino management system to replace an existing system at its Bok Homa Casino in Sandersville, MS.

With the launch of SYNKROS at Bok Homa Casino, guests can enjoy seamless loyalty rewards across every Pearl River Resort gaming destination, including Silver Star Hotel & Casino and Golden Moon Hotel & Casino in Choctaw, MS.

New Investments

Private equity firm Bootstrap Ventures has invested $1 Million in Perpetual Media’s consumer behaviour driven advertising platform, Perpetual TV.

Following their official private equity firm announcement, Bootstrap Ventures began their first strategic investment. After reviewing the opportunity, executive team and capabilities of Perpetual Media, Founder Dennis Rogers recognised the ability Perpetual Media has to disrupt the marketing space.

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New Launchings

Sky Ute Casino Resort has launched Sky Ute SportsBook, a new mobile sports betting app. The new app allows anyone, 21 years old or older, in the state of Colorado to place bets on most popular American sports events, including football, basketball, baseball, golf, NASCAR and most college sports.

Wisconsin Lottery has started midday drawings. The lottery will hold draws for three of its games twice a day. The state’s Pick 3, Pick 4, and All-or-Nothing games will all add new midday draws. Until now, they have only had evening drawings.

Revenue Estimations

According to an estimate by PlayPennsylvania, the revenue from retail and online sportsbooks in Pennsylvania has risen in May, but lost out on about $275 million in potential bets. Also, the gamblers turned to online casinos and poker rooms in record numbers.

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According to a new analysis by PlayMichigan, the closure of 26 casinos in Michigan has cost the state and local governments nearly $100 million in tax revenue during the first three months of the shutdowns.

As Michigan moves towards reopening its casinos, PlayMichigan’s analysis shows how much revenue has been lost over the last three months.

Financial Report

GAN Limited has updated the market following the publication on June 16 by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for May 2020 in Pennsylvania.

Internet Gaming Win was $55.8 million in May, reflecting an increase of 29.7% from the prior sequential month. Total Internet Sports Wagering Handle was approximately $77.5 million, up 68.4% from the prior sequential month. Internet Sports Wagering Gross Revenues (after payouts) in May were $5.9 million, compares to $3.2 million in April.

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Donations

Sycuan Casino Resort has donated $5000 to the La Mesa Business Disaster Recovery Fund. The donation was in support of small businesses that were affected by looting and property damage stemming from recent riots in La Mesa.

The East County Chamber of Commerce Foundation is spearheading this relief fund to help rebuild the La Mesa community.

Safety Measures

To enable social distancing, Simplicity Esports and Gaming Company is going to expand the floorplan of their gaming centres. Simplicity announced that it has received multiple proposals from commercial property owners to open 8000 to 12,000 sq. ft. esports gaming centres.

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EGR North America Awards 2024

High 5 Casino Wins Social Gaming Operator of the Year for Second Consecutive Year

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High 5 Casino is thrilled to announce its consecutive win as Social Gaming Operator of the Year at the EGR North America Awards 2024. This prestigious award reaffirms High 5 Casino’s exceptional performance and innovation in the social gaming sector.

“We’re honored that High 5 Casino has once again received the Social Gaming Operator award,” said Tony Singer, CEO of High 5 Games. “Beyond our growth in users, it’s the happiness our players find in the H5C community that motivates us to continually improve. Our commitment is to provide players with top-notch casino content, and we’re determined to solidify H5C as the leading social casino brand worldwide.”

An independent panel of judges selected High 5 Casino for its outstanding performance and innovation over the past year. The award recognizes High 5 Casino’s notable commercial success and community-building efforts in the social gaming market.

“The recognition from EGR North America Awards is a testament to our team’s dedication and the support of our players,” added Tony Singer. “We are excited to continue pushing boundaries in social gaming and delivering unforgettable experiences to our community.”

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The winners were announced on June 27 at an awards ceremony held at Midtown Loft & Terrace in New York City. High 5 Casino secured the Social Gaming Operator of the Year award due to its outstanding product quality, revenue growth, and leadership in innovation across product differentiation, marketing, and technology.

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Gambling in the USA

Pennsylvania Skill, Powered by Pace-O-Matic, Congratulates PA Gaming Control Board and Casino Giants on Surpassing 2023 Revenue Numbers

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Pace-O-Matic (POM), creator of Pennsylvania Skill games, has congratulated the Pennsylvania Gaming Control Board (PGCB) which saw an 8.7% increase in gambling revenue in May 2024 over revenue in May 2023.

The funding comes from slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). The May revenue total is $520,997,868.

As the PGCB celebrates yet another enormous financial win, small businesses, veterans groups, volunteer fire companies and other fraternal clubs across the state also are pleased with the income they receive from operating legal skill games.

“The increased revenue for casinos and other gambling enterprises under the jurisdiction of the PGCB is good for the commonwealth. These numbers show that there is room in the state for both casinos and small businesses that operate skill games to be successful. There is no competition between the two,” said Mike Barley, spokesman for Pennsylvania Skill.

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Barley questions why casinos, especially Parx Casino, are fighting skill games when they continue to see increased revenues month after month and year after year. He added he is disappointed the giant casino industry wants to destroy family businesses and organizations that count on skill games for supplemental income by seeking to impose a crushing tax rate on the games. Legislation to regulate skill games calls for a 16% tax on skill games while casinos say the tax should be 52%.

“Sadly, $521 million a month is not enough to satisfy the greedy casino industry. Instead, they want to kill small businesses, American Legions, volunteer fire companies, Moose Lodges and other places that count on income from skill games. These locations could never afford to pay the same tax rate that wealthy casinos pay. Casinos know that but they simply don’t care,” Barley added.

Barley explained that POM supports legislation sponsored by Sen. Gene Yaw and Rep. Danilo Burgos that will regulate and tax skill games. There is bipartisan backing for the legislation that will put guardrails around skill game operations and provide $250 million in skill game tax revenue for the state in the first year alone. Gov. Josh Shapiro wants to see skill game tax revenue as part of his 2024-25 state budget. But, Barley added, that revenue is generated only through a reasonable tax on skill games.

Several courts have ruled Pennsylvania Skill games are legal, including a unanimous Commonwealth Court in November. In addition to providing supplemental income to small businesses, the games are manufactured in Williamsport and 92% of the income they generate stays within the local economy or the state.

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Gambling in the USA

Gaming Americas Weekly Roundup – June 24-30

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Sportingtech, an award-winning platform by SBC Latinoamérica and full-service betting and gaming provider, announced the opening of its new office in the vibrant Villa Lobos area of São Paulo, Brazil. This strategic location, chosen to bring the company closer to its partners, customers and those interested in the Brazilian gaming market will serve as a hub for its operations and cater to the unique needs of this market.

Stokastic has appointed Daniel Haight as its Chief Operating Officer. Haight joins Stokastic from Yahoo Sports, where he spent the last eight years building their paid gaming products ecosystem from the ground up, overseeing all operational aspects, including product development, business strategy and P&L management. He spearheaded the successful launches of Yahoo Daily Fantasy, Yahoo Best Ball and Yahoo Sportsbook.

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A subsidiary of Betsson AB has obtained its first local licenses for the newly regulated market in Peru. The licenses cover online casino and sports betting for the Betsson and Betsafe brands. Further, licenses for the Inkabet brand are expected to be obtained soon.

Following the announcement of free self-exclusion support for Colorado, Iowa, Michigan and Tennessee, The National Voluntary Self-Exclusion Programme (NVSEP) announced that, beginning this August, individuals in California will have a simple, no-cost way to take the proactive step of voluntary self-exclusion to address their gambling through NVSEP. NVSEP is working closely with the California Council on Problem Gambling to ensure that the programme fills a great need for Californians.

Partnerships

SCCG Managed Services (SCCGMS) has selected PLYMKR as a key partner to evolve its comprehensive managed services. This strategic collaboration combines SCCGMS’s extensive expertise and vast experience in managing tribal gaming, iGaming and sportsbook operations with PLYMKR’s innovative retail betting technology and complimentary gaming solutions.

Aftermath Interactive AB, a Sweden-based independent game studio, and Hensel Grad P.C., a U.S. gaming law and advisory firm, announced a strategic agreement to develop a skill-based poker game for launch in the US. The strategic agreement partners Aftermath Interactive’s innovative game development expertise with Hensel Grad’s deep knowledge of U.S. gaming laws and regulation. Together the companies will create a truly skill-based digital poker experience.

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Spinmatic has signed a partnership deal with Blazesoft, a leading provider of social gaming solutions in the US and Canada, and its brands. Through this agreement, Spinmatic’s premium casino games will be available for Blazesoft players via its social brands Fortune Coins, Zula Casino and Sportzino.

SCCG Managed Services (SCCGMS) has selected Altenar as a key partner to evolve its comprehensive managed services. This strategic collaboration combines SCCGMS’s extensive expertise and vast experience in managing tribal gaming, iGaming and sportsbook operations with Altenar’s innovative sports betting solutions.

Duetto, a global leader in revenue management solutions, and SHR (an Access company), a leading provider of innovative and intelligent technology solutions for hotels and resorts, announced a strategic partnership designed to revolutionise the casino resort industry. Using Duetto’s Dynamic Rate Engine, SHR Group will enable its casino customers to deliver real-time personalised pricing online to maximise revenue, as well as increase occupancy and guest satisfaction.

The post Gaming Americas Weekly Roundup – June 24-30 appeared first on European Gaming Industry News.

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