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PARX CASINO persuades the Keystone states regulators to confine the number of IGOs in the state

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In an effort to confine the number of Interactive Gaming Operators (IGO’s — aka skins) that can establish shops in the State of Pennsylvania, Parx Casino Bensalem, the largest casino complex based in Pensylvania owned and operated by the Greenwood Gaming and Entertainment (GGE), persuaded the regulators of the state.

Parx: One skin per certificate holder

As per a  letter discovered by Gambling Compliance Research Director, Chris Krafcik, on January 30th, GGE  beseeched the keystone state’s  Gaming Control Board (paywall) to confine specifically each incoming internet gambling certificate holder (understood to be the land-based casinos that currently possess a license to conduct brick & mortar business in PA) to one skin per establishment; and that all branding should directly correlate to the main license holder.

GGE argued “The contrary scenario — whereby a Certificate Holder can have unlimited skins with it bestowing the ability to operate with any number of Interactive Gaming Operators (“IGOs”), some perhaps in partnership with third-party Qualified Gaming Entities and utilising the third party’s brand — creates a sublicensing regime that essentially transfers licensing authority from the PGCB to the Certificate Holder.”

In addition, GGE clings to the belief that the Board “should require that any branding associated with those skins match the brand of the Certificate Holder’s commercial casino operating under its PGCB slot machine license.” The entire email correspondence from GGE to the Gaming Control Board is available here.

The mandates suggested by GGE would essentially block sub-licensees (such as PokerStars, Betfair, and WSOP) from marketing their brands in Pennsylvania while locking-down the state’s future iGaming market in favour of a handful of large casinos with major brand power and customer databases in Pennsylvania. Parx Casino would, of course, be a primary beneficiary of such a policy, as it is the long-standing revenue leader in the PA brick & mortar casino industry.

Parx Casino is joined by Hollywood Casino Grantville, parent company Penn National, in its view that Pennsylvania should not adopt a similar strategy to neighbouring New Jersey, where iGaming revenue has consistently risen as more IGOs have entered the picture.

Response from iDevelopment and Economic Association

The iDevelopment and Economic Association (iDEA – which encompasses iGaming power brokers such as The Stars Group, GVC Holdings (parent company of Party Poker), Resorts Interactive and Tropicana Entertainment) has responded to GGE’s lobbying efforts with its own communication to the Pennsylvania Gaming Control Board.

Not surprisingly, iDEA points to the current New Jersey iGaming model which has provided clear benefits for the health of the industry as well as Garden State residents through additional tax revenue.

“By allowing multiple skins per license, Pennsylvania will encourage robust competition among operators,” iDEA states in its letter to the PGCB.

“To compete with larger casinos, smaller casino operators might partner with both poker and table game operators under separate skins to provide innovative products under larger brand names,” iDEA adds. “Without the availability of multiple skins, they would be unable to do so. That competition and innovation will result in higher revenue for the state and greater satisfaction for players.”

 Thoughts and analysis

There is truth to iDEA’s arguments, as the allowance of multiple skins does encourage competition, ultimately resulting in a healthier environment for both operators and players. In New Jersey, there’s been a clear appetite for more sites than there are casinos, with brands such as Betfair and Play Sugar House gaining significant market share, all while bolstering the revenue of smaller Atlantic City brands.

In Pennsylvania, limiting the number of skins will be highly discouraging to smaller casinos, as the licensing fee to become an iGaming certificate holder for slots, table games, and poker is set at an outlandish $10 million (or $4 million per vertical). It is hard to foresee lesser land-based casinos getting too excited about paying this exorbitant amount for just one or two sites, especially for online gambling services that offer slots, which will be taxed at an unprecedented 54 percent of Gross Gaming Revenue.

Not to mention, if the sites are required to be self-branded, big brands like Parx will have a built-in advantage at launch, further discouraging smaller brands from taking a shot. This will be a shame, as smaller brands have proven more successful than the top dogs in New Jersey over the long haul — a fact we assume Parx is well aware of.

Ultimately this feels like a power grab from Parx, who will be a reluctant participant in the iGaming industry, and is looking to protect its industry-leading brand by all but preventing its competitors from entering the space.

The Pennsylvania Gaming Control Board will have the last say on this developing story as Keystone State residents anxiously await the 2018-2019 rollout of real money internet gambling.

Source: European Gaming Media and Events

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Casino Cash Trac Named on Inc. 5000 List For Third Consecutive Year

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TULSA, Okla.Aug. 17, 2018 – Casino Cash Trac (CCT) is excited to announce that once again it has been ranked on the Inc. 5000 list. Inc. magazine announced that Casino Cash Trac ranked No. 1044 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies with an outstanding three-year sales growth of 470%.

Led by CEO Kurt Williams, Casino Cash Trac joins an elite group of companies which have been honored three years in a row. Of the tens of thousands of companies that have applied to the Inc. 5000, only one in four percent have made the list three times.

“It is truly an extraordinary accomplishment for the company. To be selected three years in a row is remarkable and I thank our employees and customers for trusting our vision,” says CCT’s CEO, Kurt Williams.  “Our teams continue to deliver the best Casino Audit System (CAS) across the country and it is amazing to work with such a talented group of individuals.”

The Inc. 500 award underscores the value of CCT’s offerings and validates their strategy of providing a cutting edge solution accompanied with extraordinary customer service.

“It is an incredible achievement to be listed among the nation’s fastest-growing companies yet again. For CCT, this honor is a direct reflection of our commitment to push ourselves to get better every day. We are thankful for the employees we have, the clients we work with and the trust they put in us every day to help them streamline their operations,” says CCT’s CRO Wanor França.

About Casino Cash Trac

Based in Tulsa, Oklahoma, Casino Cash Trac is the creator of Casino Insight™, an award-winning suite of transactional, reporting, and analytical tools designed to streamline and automate cage operations, revenue audit processes, and operations analysis. Casino Insight™ offers full integration with most casino management, food & beverage, and hotel systems, as well as most cash dispensers, kiosks, and other bank machines.

Since developing Casino Insight™ in 2012, Casino Cash Trac has helped over 130 casinos across multiple states and countries to maximize productivity and efficiency while minimizing paper waste and manual processes that are prone to human error.


Source: European Gaming Media Latest News

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Wazdan goes wild with one of Europe’s fastest growing casino companies

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Friday, August 17; 2018, Malta – Slots pioneer Wazdan has inked a deal with GoWild Gaming to provide the innovative operator with Wazdan’s full portfolio of slots, which have been attracting attention across the igaming industry all year. GoWild is a leading online gaming operator. The jungle-themed gaming brand has been leading expeditions through the wilds of the internet since 2008.

The GoWild platform currently features over 1,500 games from more than twenty carefully selected software providers including Microgaming, NetEnt, Evolution, Scientific Games, Yggdrasil, iSoftBet, Play’n GO, and now Wazdan. In addition, the platform has a sophisticated CRM system enabling GoWild to personalise promotions and content in an unprecedented manner to boost retention and customer loyalty.

Wazdan’s portfolio of over 110 HTML5 slots for desktop, tablet and mobile incorporates the Unique Wazdan Features, that include the world’s first Volatility Levels™, Energy Saving Mode, Double Screen Mode and Unique Gamble Feature which deliver outstanding player engagement and casino revenue.

Upcoming games from Wazdan include the eagerly anticipated Mayan Ritual™, a slot that explores the mystery of the lost ancient culture of the Maya; Black Hawk Deluxe, a magic and fantasy game with ghosts, skeletons and a treasure-filled castle; and, Los Muertos™, a game which celebrates the unique Mexican holiday Day of the Dead and will be released in time for Halloween.

Anthony Berningham, Director of Gaming Content at GoWild, said,”With best-of-breed content from all the leading providers on our platform, we feel the fit with Wazdan is excellent. Their world-class technology and games help to expand the gaming experience further which is why we wanted to bring them on-board. It’s our desire to provide our players with the best gaming experience possible with deals like this one.”

Head of Sales at Wazdan Andrzej Hyla said: “Our games bring a new dimension to casinos as they seek to deepen player experience and to unlock the potential of added-value built-in to technology tools like the Unique Wazdan Features. We are absolutely delighted to be joining GoWild’s platform and supporting GoWild’s ambition to provide access to the best gaming content on one platform.”

So far in 2018, Wazdan has signed with some of the biggest names in the industry including EveryMatrix, Videoslots, SlotMillions, Tipbet, Iforium, iSoftbet, Evenbets, Groove Gaming, Globalplay, Tipbet, Rabbit Entertainment, SoftGamings, and now Go Wild Gaming, amongst others. For further information visit www.wazdan.com

 

ABOUT WAZDAN:

Wazdan is a popular game producer, developing innovative casino games that deliver original, fun and truly omni-channel player experience. Offering an extensive game library of over 100 HTML5 slots, table games and video pokers, Wazdan is gaining popularity on the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of such popular titles as Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns and soon will extended with new amazing slot games, including Los MuertosTM, Mayan RitualTM and Captain FlyntTM, among others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility LevelTM, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of  European trademarks including for their world’s-first Volatility Level TM. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales Team is showcasing their products at SiGMA in Malta from 28 to 30 November.

 

For more information on this press please contact Ogilvy Malta on 00356 99207677 or edwin@ogilvymalta.com


Source: European Gaming Media Latest News

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Pennsylvania Gaming Control Board Reports July Monthly Fantasy Sports Contests Revenue

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HARRISBURG, Pa.Aug. 17, 2018 – The Pennsylvania Gaming Control Board today posted on its web site the July Fantasy Sports Contests revenue report. The report provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Sports Contests operators adjusted revenue, and the tax revenue due to the Commonwealth, and can be found at www.gamingcontrolboard.pa.gov.

Tax revenue is derived through a 15% assessment on adjusted revenue reported by the Fantasy Sports Contest operators, and is deposited into the Commonwealth General Fund. In total, tax revenue generated during July totaled $131,728. Seven of the Fantasy Sports Contest operators reported tax revenue due.

Fantasy Sports revenue and tax revenue for each of the providers for July 2018 is displayed in the following tables:

Fantasy Sports Contest Provider

Fantasy Sports
Contest Adjusted
Revenue

State Tax

Due

DraftKings

$437,108.24

$65,566.24

FanDuel

$427,451.31

$64,117.70

DRAFT

$8,760.00

$1,314.00

Fantasy Draft

$1,737.19

$260.58

Yahoo Fantasy Sports

$1,627.97

$244.20

Sportshub Technologies

$1,236.16

$185.42

Boom Fantasy

$264.06

$39.61

Full Time Fantasy Sports

$0.00

$0.00

Fantasy Football Players Championship

$0.00

$0.00

Total

$878,184.93

$131,727.75

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvaniahomeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board


Source: European Gaming Media Latest News

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