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Gambling in the USA

Gaming Americas Weekly Roundup – December 7-13

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

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new acquisitions. Read on and get updated.

Latest News

Enthusiast Gaming Holdings Inc. has announced that it has been ranked #7 on Forbes’ 2020 global list of “Most Valuable Esports Companies.” This marks the first time the Company has been included in the Forbes list. The list was announced on December 5 and can be viewed on Forbes.com.

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The possible legalisation of casinos in Brazil has gained new support as the journalist Luis Solano takes over as president of the Brazilian Association of Tourism Journalists (ABRAJET) from December 18. Solano has voiced support for the legalisation of casinos as well as other segments such as bingo, slots and Jogo do Bicho. Luiz Solano is a member of the Planalto Academy of Literature and Arts and of the Federal District History and Geography Institute.

According to projections from Virginia Casinos.com, Virginia’s legal sportsbooks could earn as much as $412 million annually, yielding $61.8 million in tax revenue for the State. The projection forecasts 90% of revenue coming from online wagering, with mobile sports betting apps bringing in $375 million annually when Virginia’s market reaches full maturity. Virginia legalised sports betting in July 2020. The Virginia Lottery regulates the state’s sports wagering industry and will license up to 12 different online sportsbook brands.

New Partnership

Foxwoods Resort Casino, which is owned and operated by the federally recognised Mashantucket Pequot Tribal Nation, has entered into a partnership with the sports betting company DraftKings. DraftKings and Foxwoods said the arrangement was “setting the stage to deliver access to online sports betting” in anticipation of legislative and regulatory approvals in Connecticut.

New Acquisitions

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fuboTV Inc., the leading sports-first live TV streaming platform, has acquired Balto Sports, a company that develops tools for users to organise and play fantasy sports games. Terms of the deal were not disclosed. The acquisition marks fuboTV’s first move into the online sports wagering market. fuboTV intends to leverage its own proprietary technology along with Balto’s contest automation software to launch a free to play gaming offering.

XLMedia, a leading global digital performance publisher, has announced that it has made a significant step in its expansion into the US sports market with the acquisition of sports gaming and betting business CBWG Sports (CBWG). Under the terms of the definitive documents for the acquisition, XLMedia will pay upfront consideration of $12 million in cash and issue 7,954,546 new XLMedia plc shares, as well as potential future contingent consideration of up to an additional $9.5 million, based on net revenue performance of the acquired business, payable over three years to the end of 2023.

New Launchings

BetMGM has launched BetMGM Casino in Pennsylvania, bringing the digital gaming company’s exclusive portfolio of online slots and table games to players in the Keystone State. BetMGM’s integration with MGM Resorts’ M life Rewards programme allows BetMGM customers in Pennsylvania to redeem their gameplay for world-class experiences at iconic MGM Resorts properties nationwide, such as Bellagio and MGM Grand in Las Vegas, Borgata in New Jersey and MGM National Harbor in Maryland.

PointsBet has launched a new initiative named PointsBet Personal Good Karma Refund, the first of its kind in the burgeoning U.S. sports betting market. The PointsBet Personal Good Karma Refund initiative provides clients the power to decide which bad beat they want refunded at the end of each month. Eligibility will be applied to new clients who have placed 10 or more cash bets in a given month. Beginning 28 December 2020, those clients can then select their personal worst bad beat of the month via the “Settled Bets Page” in the PointsBet app/website.

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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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California Council on Problem Gambling

National Voluntary Self-Exclusion Program Adds Free Support for California

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Following the announcement of free self-exclusion support for Colorado, Iowa, Michigan, and Tennessee, The National Voluntary Self-Exclusion Program (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 program fills a great need for Californians.

Robert Jacobson, Executive Director of the California Council on Problem Gambling, stated: “California self-exclusion is a critical state program which allows individuals to request that a card room prevent them from gambling at, or in many cases entering, the premises for a designated period. This can be a crucial tool for those battling gambling addiction. However, enrolling in the program in person at a card room’s premises can have a powerful triggering effect, potentially leading to a relapse or deterring the individual from self-excluding entirely.”

“Remotely excluding – i.e., mailing in a form – can be a great alternative; however, it requires that the enrollment form be notarized to verify the identity of the person submitting the form. For someone suffering from an addiction – especially one which causes severe financial hardships – each added barrier or cost makes it that much more difficult for them to take that first step on the road to recovery. NVSEP’s offer of free notarization services for those enrolling in California’s self-exclusion program removes a significant barrier, potentially having a tremendously positive impact on countless Californians dealing with gambling addiction by making one of our most vital prevention and recovery tools more accessible,” said Mr. Jacobson.

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Jonathan Aiwazian, CEO of idPair, said: “NVSEP is singularly focused on expanding free and simple access to voluntary self-exclusion to those who need it. This announcement has the potential to help many of the tens of millions of people who either call California home or make it a travel destination and need a free and effective way to protect themselves.”

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