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Rivers Casino Waukegan Proposed by State’s Most Successful Casino Owners

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The developer, operator and owners of the state’s most successful casino, Rivers Casino Des Plaines, which earns more than twice as much gaming revenue as any other casino in the state, are teaming up to propose building a 1,625-gaming-seat Rivers Casino Waukegan. Rivers Casino Waukegan expects to create over 1,200 permanent jobs; 900 union construction jobs and pump over $150 million annually into the local Waukegan and Lake County economy.

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) and Rush Street Gaming, which jointly own Rivers Casino Des Plaines, would bring their combined expertise as developers and operators of some of the most successful gambling and entertainment venues in the country to Waukegan at the Fountain Square site at Lakehurst and Northpoint Boulevard. The companies say their proven marketing and customer service approach will attract high-end patrons to Waukegan.

Rush Street, the creator of the Rivers Casino brand, is the leading developer of world-class regional casinos in Des Plaines, New York state, Philadelphia and Pittsburgh. In addition to its premier position in Illinois, Rivers is the market leader in the Capital Region of New York state as well as in Pittsburgh.

CDI is an industry-leading racing, online wagering and gaming entertainment company anchored by its flagship event – The Kentucky Derby. The company owns and operates 10 regional gaming facilities in eight states, as well as Arlington International Racecourse in Arlington Heights.

Opening a second Rivers-branded casino in Waukegan creates a synergy in the market. Rivers, with a premier reputation among its customers, would bring Illinois’ leading gaming brand and proven record to Waukegan, delivering a tremendous benefit to the city that no other applicant can offer.

Other benefits and highlights of the proposal to bring Rivers Casino to Waukegan are:

  • Rivers Casino Des Plaines is the most successful casino in Illinois and hosted 2.9 million admissions in 2018. Its extensive patron database will help to attract players from throughout the region to Rivers Casino Waukegan, complementing—rather than cannibalizing—current local video gaming operators.
  • Rush Street Interactive, recognized by industry publisher EGR (e-gaming review) as Mobile Operator of the Year for North America, will operate in-casino and online sports betting for the proposed showplace. Affiliates of Rush Street operate the most successful sports books in Pennsylvania and New York.
  • The casino would feature Luxbar, an upscale gastropub, the first Gibsons Restaurant Group restaurant in Lake County.
  • The casino would have 1,625 proposed gaming seats, including a poker room, at the opening with the flexibility to add more.
  • CDI and Rush Street are offering to purchase or lease the city-owned Fountain Square property.
  • Rivers Casino Waukegan will make annual contributions to charities in Waukegan, Park City and North Chicago.
  • Rivers Casino Des Plaines is the first and only casino in Illinois to comply with a statutory minority- and women-ownership requirement. Rivers Casino Waukegan will use that experience to build strong minority- and women-ownership participation for the new venture. Rush Street also encourages diversity in its ranks, with 46 percent of employees and 28 percent of executives being persons of color.

“We’re happy to be considered to develop and operate what we know will be a leading entertainment destination for the City of Waukegan, Lake County and the State of Illinois,” said Rush Street Gaming CEO Greg Carlin. “It would be an honor to bring the Rivers brand and experience to Waukegan.”

“We are especially proud of our long history of hiring local people and vendors in every market where we have invested. Rush Street spends more than $23 million dollars annually on firms owned by women and minorities,” said Rush Street Gaming Chairman Neil Bluhm. “We’re especially proud of our diverse workforce and the career opportunities we have provided our associates.”

“Waukegan and Lake County deserve a world-class facility and together, with our partner Churchill Downs Incorporated, that is exactly what we will develop,” said Bluhm. “We look forward to sharing more about our proposal with city leaders.”

“Churchill Downs Incorporated has a 145-year track record of offering unmatched premium entertainment experiences for horse racing fans and significant expertise developing premier casino venues for our patrons throughout the United States,” said Bill Carstanjen, Chief Executive Officer of CDI. “We are proud to partner with Rush Street Gaming to bring our shared vision for a world-class entertainment destination to Waukegan.”

About Rush Street Gaming
Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates, headquartered in Chicago, Illinois, have developed and operate successful casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago area) and Schenectady, New York.  Rush Street Gaming and its affiliates has become one of the leading casino developers in the United States and operators of online casinos and sports books. Additional information at: www.rushstreetgaming.com

About Churchill Downs Incorporated
Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN), headquartered in Louisville, Ky., is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event – The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville. We also own and operate the largest online horseracing wagering platform in the U.S., TwinSpires.com, and are a leader in brick-and-mortar casino gaming with approximately 11,000 slot machines / video lottery terminals and 200 table games in eight states. We also operate sports wagering and iGaming through our BetAmerica platform in multiple states. Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Information set forth in this news release contains various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), which provides certain “safe harbor” provisions. All forward-looking statements made in this presentation are made pursuant to the Act. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit; additional or increased taxes and fees; public perceptions or lack of confidence in the integrity of our business; loss of key or highly skilled personnel; restrictions in our debt facilities limiting our flexibility to operate our business; general risks related to real estate ownership, including fluctuations in market values and environmental regulations; catastrophic events and system failures disrupting our operations; online security risk, including cyber-security breaches; inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; increases in insurance costs and inability to obtain similar insurance coverage in the future; inability to identify and complete acquisition, expansion or divestiture projects, on time, on budget or as planned; difficulty in integrating recent or future acquisitions into our operations; number of people attending and wagering on live horse races; inability to respond to rapid technological changes in a timely manner; inadvertent infringement of the intellectual property of others; inability to protect our own intellectual property rights; payment-related risks, such as risk associated with fraudulent credit card and debit card use; compliance with the Foreign Corrupt Practices Act or applicable money-laundering regulations; work stoppages and labor issues; difficulty in attracting a sufficient number of horses and trainers for full field horseraces; inability to negotiate agreements with industry constituents, including horsemen and other racetracks; personal injury litigation related to injuries occurring at our racetracks; our inability to utilize and provide totalisator services; weather conditions affecting our ability to conduct live racing; increased competition in the horseracing business; changes in the regulatory environment of our racing operations; changes in regulatory environment of our online horseracing business; increase in competition in our online horseracing; uncertainty and changes in the legal landscape relating to our online wagering business; legalization of online sports betting and iGaming in the United States and our ability to predict and capitalize on any such legalization; inability to expand our sports betting operations and effectively compete; failure to comply with laws requiring us to block access to certain individuals could result in penalties or impairment with respect to our mobile and online wagering products; increased competition in our casino business; changes in regulatory environment of our casino business; costs, delays, and other uncertainties relating to the  development and expansion of casinos; and concentration and evolution of slot machine manufacturing and other technology conditions that could impose additional costs.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Rivers Casino Waukegan Proposed by State’s Most Successful Casino Owners

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Red Rake Gaming expands in Romania with Netbet.ro

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Red Rake Gaming expands in Romania with Netbet.roReading Time: 2 minutes

 

Casino games specialist Red Rake Gaming, based in Spain and Malta, has agreed a partnership with netbet.ro to offer the full Red Rake Gaming portfolio in the Romanian market.

NetBet.ro has selected Red Rake Gaming as its newest partner to continue to offer their players the best in gaming products for the Romanian market. NetBet has a strong reach in Romania, built through continually delivering engaging and high quality content to its players, which will continue with the release of the top performing games from the Red Rake Gaming portfolio.

Red Rake Gaming is delighted to be included in one of NetBet’s strongest markets and looks forward to seeing the results from top performing games, including its newly released Super 12 Stars which delivers an action packed experience to players from the first spin.
Red Rake Gaming, certified in Spain, Portugal, Sweden, Italy and Romania, and with licenses in Malta and the UK, are very adept with the regulated landscape and can ensure players can have the best experience when playing on any of the popular titles on offer.

Nick Barr, Managing Director for Red Rake’s Malta operations, commented on this agreement, saying: “We are thrilled to expand our partnership with NetBet who we have built a great working relationship with since our initial launch. Our growth in the regulated market space has been exceptional this year, which is a testament to the delivery of new and engaging content we produce. We look forward to continuing to work with the NetBet team and the results which are sure to come from the growing Romanian market.”

Horia Valuch, NetBet Romania’s COO, said: “We welcome Red Rake Gaming on our platform and we are confident that this partnership will be appealing to our users. Our Casino offering is always being enhanced with new and innovative providers, and the addition of Red Rake Gaming’s content brings fresh and engaging games, full of intriguing features and mechanics. Without a doubt, Red Rake’s content will be very popular with our players.”

 

About Netbet.ro :
NetBet is an online gambling operator established in 2001, present in over 16 countries and on the Romanian market since 2015, where they were the first to secure a 10-year class 1 license. In addition to their huge online casino they offer a sportsbook, Poker, Vegas, Lotto and Live Casino games making them one of Romania’s top gambling platforms and also the country’s largest online casino.

About Red Rake Gaming:
Red Rake Gaming, an online casino provider, offers a wide and varied portfolio of top-performing games across various markets including Belgium, Italy, Spain, Portugal, Romania, Malta and the UK. As a boutique provider to the iGaming industry, we pride ourselves on working closely with our partners to drive their revenues through our high-quality game production, exclusive promotions and flexibility to accommodate their individual needs. Coming from a strong social background,

Red Rake Gaming content has already been proven in the social casino space, with all the success from social applied to our real money gaming. Since its inception, Red Rake Gaming has experienced significant growth, and demand for featuring rich games continues to strengthen. With over 30 top-performing slots, video bingo’s, video poker and table games, Red Rake Gaming has games to meet all operators’ requirements.

For more information on industry-leading content, please visit: www.redrakegaming.com.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Red Rake Gaming expands in Romania with Netbet.ro

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BMM’s Director Tribal Gaming, Jodi DiLascio Announced as a 2019 AISES Board Member

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BMM's Director Tribal Gaming, Jodi DiLascio Announced as a 2019 AISES Board MemberReading Time: 2 minutes

 

BMM Testlabs, the world’s leading gaming test lab and product compliance consultancy, is pleased to announce that Director, Tribal Gaming, Jodi DiLascio has been elected as a 2019 Board Member for the American Indian Science & Engineering Society (AISES) and will serve a three-year term.

DiLascio commented, “This opportunity is a true culmination of my life’s work, uniting my leadership and mentoring skills with my passion and commitment to Tribal youth to promote STEM advancement as a proud member of AISES Board of Directors. Working at BMM Testlabs for the past 10 years has allowed me to dedicate time doing what I am passionate about, Native Sovereignty and encouraging young Native people to pursue their dreams. I am thankful to the AISES membership for the opportunity to serve the organization and advance the mission of AISES with increasing the number of Native Americans and 1st Nations in STEM careers.”

COO, Travis Foley added, “As BMM’s Director, Tribal Gaming, Jodi does a great job representing the company in the Tribal community. Our commitment and valued relationships within Tribal gaming are as strong as ever and we are very pleased to have Jodi serve on the AISES Board of Directors.”

DiLascio also currently serves as a member of the National Indian Gaming Association Board of Directors.

About BMM:
BMM is the longest established and most experienced private independent gaming certification lab in the world, providing professional technical and regulatory compliance services to the gaming industry since 1981.

At its core, BMM is a systems-expert company that has provided consulting for and tested many of the largest gaming networks and systems over the last 37 years. In addition, BMM has been successfully testing and certifying the full scope of Class III casino products for over two decades.

BMM authored the first set of independent gaming standards in 1992 and the first set of online gaming standards in 2001.

BMM employs some 400 people in 15 global locations and serves over 460 jurisdictions.

BMM’s world headquarters are in Las Vegas (USA), with offices in Mexico City (Mexico), Lima (Peru), Melbourne and Sydney (Australia), Singapore, Macau (SAR, China), Moncton (Canada), Buenos Aires (Argentina), Barcelona (Spain), Vienna (Austria), Bologna (Italy), Midrand (South Africa), Bucharest (Romania) and Krakow (Poland).

For more information on BMM Testlabs, please visit bmm.com


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BMM’s Director Tribal Gaming, Jodi DiLascio Announced as a 2019 AISES Board Member

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With The Kickoff Of Football Season, Pennsylvania’s Sportsbooks Generate $109 Million Handle

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With The Kickoff Of Football Season, Pennsylvania’s Sportsbooks Generate $109 Million HandleReading Time: 3 minutes

 

Pennsylvania bettors jumped at their first chance to legally bet on football, pushing the state’s online and retail sportsbooks to new heights. In all, Pennsylvania sportsbooks attracted a record $109 million in bets in August, offering a first glimpse into the power of football betting, according to PlayPennsylvania.com analysts.

“Sports bettors almost universally bet on football, so it is no surprise that even with just one full week of college football games and NFL futures to bet on, that Pennsylvania would experience a significant uptick,” said Jessica Welman, sports betting analyst for PlayPennsylvania.com. “But with the NFL season now underway and more sportsbooks online, August’s successes are just a precursor to much bigger things ahead.”

According to official data released on Monday, the handle from online and retail sportsbooks was up 84% from the previous record of $59.3 million set in July. Combined, online and retail bets yielded $9.9 million in revenue in August, up from $5.1 million in revenue in July. August’s “win” injected $2.1 million into state and local government coffers.

The four online sportsbooks that operated in Pennsylvania in August grabbed an increasing share of the total sports betting market. Online bets increased from $39 million in July to $83.2 million in August, representing 76% of the state’s total handle, up from 65.7% in July. By comparison, about 85% of sports bets in New Jersey are made online.

“Online betting in Pennsylvania will continue to increase its share of the state’s handle to a level on par with New Jersey,” Welman said. “To that point, the early-September launch of Fox Bet — the first major sports media-branded betting site in any state — is an interesting development that should gain bettors’ attention. And other online sportsbooks are planning on launching this fall.

The growth of FanDuel Sportsbook at Valley Forge Casino, which enjoyed its first full month of operation in August, is another key reason why the future of online sports betting is bright. FanDuel — a brand that dominates both the retail and online markets in New Jersey — attracted $35.3 million in online bets in August, yielding $2.9 million in revenue and overtaking SugarHouse Casino as the market leader. SugarHouse generated $25 million in online bets, up from $22.2 million in July. That generated $1.7 million in revenue for SugarHouse.

SugarHouse and FanDuel were followed in the online market by:

  • Rivers ($16.9 million online handle, up from $9.9 million in July; $1 million online revenue, up from $773,642)
  • Parx Casino ($6 million online handle, up from $3.6 million; $620,573 revenue, up from $333,070)

SugarHouse took the retail market lead in August, accepting $5.4 million bets, up from $4.3 million in July. That yielded $816,768 in revenue. SugarHouse was followed by:

  • Parx ($5 million handle, up from $3.6 million; $722,945 revenue, up from $414,730)
  • Rivers ($4.9 million handle, up from $4.4 million in July; $631,012 revenue, up from $384,576)
  • Valley Forge Casino ($2.5 million handle, up from $1.8 million; $175,330 revenue, up from $168,146)
  • Hollywood Casino at Penn National Race Course ($2.1 million handle, up from $1.8 million; $309,171 revenue, up from $196,188)
  • South Philadelphia Race and Sportsbook ($2 million handle, up from $1.9 million; $337,680 revenue, up from $150,074)
  • Harrah’s Philadelphia ($1.9 million handle, up from $1.7 million; $251,296 revenue, up from $186,574)
  • Presque Isle ($1.2 million handle, up from $162,781; $282,384 revenue, up/ from $45,469)
  • Oaks Race and Sportsbook ($942,856 handle, up from $789,502; $48,230 revenue, down from $110,553)

“Even if FanDuel’s ascension is all but inevitable, its first full month in the online market was impressive,” Dustin Gouker, lead analyst for PlayPennsylvania.com. “To take over the market lead so quickly shows the strength of the FanDuel brand. However, competition for market supremacy should remain fierce.”

Online casinos post strong first full month

SugarHouse, Parx and Penn National casinos enjoyed their first full month of online casino games in August, and generated $3.4 million in gross revenue on $111.8 million in wagers. That is up from $812,306 in July revenue and $49.2 million in bets. The revenue injected $985,155 into state coffers.

Sugarhouse led the way with $1.6 million in revenue on $40.9 million in bets, followed by Parx ($1.1 revenue, $53.1 million wagers), and Penn National ($684,452 revenue, $17.8 million in wagers). But as strong as August was, many more online casinos are in the works this fall, according to PlayPennsylvania.com analysts.

“It will take a few more months before we get a clear picture of Pennsylvania’s online gambling market, but the early returns are positive,” Gouker said. “This market should grow dramatically before the end of the year, working with online sportsbooks to grow exponentially in the coming months.”

For more information on the revenue generated by Pennsylvania sports betting, visit www.playpennsylvania.com/sports-betting/revenue.

 

About the PlayUSA.com Network:
The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: With The Kickoff Of Football Season, Pennsylvania’s Sportsbooks Generate 9 Million Handle

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