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SG Digital Prepares for U.S. Sports Betting with New Jersey’s Division of Gaming Enforcement

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Scientific Games preps for NJ sports bettingReading Time: 3 minutes

LAS VEGAS, April 16, 2018  — Scientific Games Corporation yesterday announced that SG Digital has commenced sportsbook product review sessions with New Jersey’s Division of Gaming Enforcement (DGE).

OpenBet™, SG Digital’s market-leading sports betting solution, is getting ahead of the game and is fully prepared to ensure its ambitious partners are ready to launch their sportsbook offering should the U.S. Supreme Court decide to repeal the Professional and Amateur Sports Betting Association Act (PASPA), allowing legalized sports betting in the state of New Jersey.

Key to SG Digital’s entry into the emerging U.S. sports betting landscape will be the addition of market-specific product enhancements to its platform, ensuring it meets the expectations of operators and consumers. In addition, the company is undertaking a recruitment drive to support the growth of the business, hiring a significant number of new people for a variety of roles across its multiple offices around the world.

Keith O’Loughlin, SVP Sportsbook and Platforms at SG Digital, said, “Legalized sports betting in the U.S. is an exciting prospect for us, and we’re taking every step possible to ensure our product offering is fully compliant to hit the ground running when the marketplace eventually opens up beyond the current regulated states. OpenBet has built a strong reputation as a trusted sportsbook provider in Europe, and we’re confident we can replicate that success in the U.S. and all other emerging regulatory territories. We have spent time considering U.S. customer needs and are focused on ensuring that the user experience is of high standard and can be delivered with speed.

Matt Davey, Group Chief Executive, SG Digital, said, “SG Digital has a strong presence in New Jersey with our Open Platform System (OPS) already certified in the state; our knowledge of the market will play an important part in preparing OpenBet for the marketplace. We work closely with the DGE to ensure responsible gaming experiences and congratulate the effort of the DGE and the state of New Jersey for taking progressive action to help create a safer sports betting market for the public.

We are setting the foundations well in advance to help our partners establish themselves early in the emerging territory.

OpenBet is the world’s leading sportsbook platform, delivering a scalable and reliable performance for industry leading operators across the globe. At the heart of its product offering is a fully managed sportsbook, combining the resilience and trusted nature of OpenBet technology in partnership with Managed Trading Services in a convenient, turnkey solution.

© 2018 Scientific Games Corporation.  All Rights Reserved.

About Scientific Games:
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit www.scientificgames.com.

 

 

Forward-Looking Statements
In this press release, Scientific Games makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “may,” and “should.” These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 3, 2017 (including under the headings “Forward Looking Statements” and “Risk Factors”). Forward-looking statements speak only as of the date they are made and, except for Scientific Games’ ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.


Source: European Gaming Media and Events

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Kansas Lottery posts positive revenue reports

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Kansas Lottery posts positive revenue reportsReading Time: 1 minute

The Kansas Lottery reported impressive figures for the fiscal year 2018. The results almost match the all-time combined transfer record for traditional lottery and casinos.

The state of Kansas received through the sale of traditional lottery games US$74.7 million in revenue. The four casinos with state-owned and state-operated gaming also totalled US$89 million in revenue. Combined, traditional lottery and casino revenue totalled US$163.7 million transferred to the State in Fiscal Year 2018, slightly below the record combined transfer of US$163.9 million in the fiscal year 2016, WIBW News reported.

Traditional lottery sales in FY18 were US$283.2 million, 4.3 per cent ahead of last year’s sales of US$271.4 million. “I’m grateful to our retailers, staff and players for the good year we’ve had,” said Kansas Lottery Executive Director Terry Presta, and added: “Instant tickets continue to grow as our biggest category. We are up in the two big multi-state jackpot games Powerball and Mega Millions, and sales show players are enjoying our new games, Lotto America and Lucky for Life.”

“While I’m very pleased with this year’s results, it’s next fiscal year that’s going to be the real game changer,” continued Presta. “The Kansas Lottery hopes to have vending machines in stores sometime next calendar year, and our new partner Scientific Games is providing us with a brand new state-of-the-art gaming system with incredibly fast terminals and a whole new central system that’s scheduled to go live at the end of this month. These changes will help create revenue next year and in years to come.”

 

Source: focusgn.com


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Three Casinos line up for Pennsylvania iGaming license

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Three Casinos line up for Pennsylvania iGaming licenseReading Time: 2 minutes

Three casinos – Parx Casino, Mount Airy and still-to-start Stadium Casino – have submitted their application for a Pennsylvania iGaming license.

Parx Casino Bensalem became the first land-based “Main Certificate” holder in the Keystone State to apply for a Pennsylvania iGaming license, according to a report by Jessica Welman of PlayPennsylvania.

Within hours, two other casinos – Mount Airy and the yet-to-be-built Stadium Casino – also submitted their applications to the Pennsylvania Gaming Control Board.

Welcome News for Pennsylvania Online Poker Players

Pennsylvania online poker players will be happy to learn that Parx Casino parent company Greenwood Gaming & Entertainment “wants all three interactive gaming licenses” (online slots, house-edge table games and poker) that are being made available by the state.

The total cost for the three licenses will be $10,000,000 USD.

Deadline to Receive Discounted Pennsylvania iGaming License is Sunday, July 15th.

There had been plenty of nerves from iGaming analysts and customers in the Keystone State leading up to this weekend, as land-based casinos held off until the last possible moment to apply.

Pennsylvania’s ginormous 54 per cent tax rate for online slots is a contentious issue with incoming operators who believe it will be hard for online businesses to turn a profit in PA.

There are also other issues dealing with PA Lottery games crossing over into the realm of slot machine mechanics, as well as doubts as to how consumers will perceive branding restrictions that mandate all iGaming services in the state be hosted on websites that clearly identify existing land-based Main Certificate Holders.

Pennsylvania brick & mortar casinos will still be eligible to apply for iGaming licenses following this Sunday, but will not receive a discounted rate of $10 million for all three licenses – and instead will have to pay $4 million for each.

Will Pennsylvania iGaming License Holders Begin Operations in 2018?

There has been much speculation as to whether real money online poker, slots and house-edge table games will be available to Pennsylvania residents and tourists before the end of the calendar year.

While this remains a distinct possibility, it will depend on how quickly the licenses from Parx, Mounty Airy, Stadium (and potentially other PA casinos) are approved by the PGCB.

Many poker players who already compete in regulated Nevada, New Jersey or Delaware games are also asking if Pennsylvania will eventually join the tri-state online poker compact that combines player pools in those three states.

 

Source: parttimepoker.com


Source: European Gaming Media Latest News

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William Hill makes a strong start in New Jersey

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William Hill makes a strong start in New JerseyReading Time: 2 minutes

William Hill has made a “great start” in New Jersey, as more than $16m (£12.2m/€13.8m) was wagered in sports betting during the first two weeks of its entry.

William Hill started out in New Jersey at Monmouth Park racetrack on June 14. The Borgata casino in Atlantic City went live on the same day while William Hill’s Ocean Resort sportsbook began trading on June 28.

Figures released by New Jersey’s Division of Gaming Enforcement show that a total of $16.4m was wagered between June 14 and the end of the month. Operators retained 8 per cent of the amount wagered, which would be around $1.2m.

Gross sports betting revenue was nearly $3.5m, with Monmouth Park bringing in $2.3m, the Ocean Resort contributing $193,000 in just three days of operations and the Borgata accruing $987,000.

William Hill US chief executive Joe Asher (pictured) said the figures show the “big appetite for legal sports betting” in the US.

“While it’s still early, we’re obviously off to a great start,” Asher said. “We always knew there was a big appetite for legal sports betting during the years of litigation, and now it is being proven.”

“We are proud to be creating new jobs in New Jersey and bringing excitement to our customers. We can’t wait until football season.”

Total gaming revenue in New Jersey increased by just over 7 per cent year-on-year to $233.6m, with sports betting aiding other gaming verticals according to Seeking Alpha’s Charles Schultz. “The extra traffic presumably helped in other gaming areas,” he said.

Meanwhile, two Ohio lawmakers are sponsoring a bill to legalise sports betting in the state.

Sean O’Brien told Cleveland.com he would like to have specifics in the bill by August or September. Ohio is the seventh largest US state by population with 11.5 million residents – three million more than New Jersey.

 

Source: igamingbusiness.com


Source: European Gaming Media Latest News

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