Happy Thanksgiving from GGB; Newsletter Returns December 4
Gaming isn’t always synonymous with emerging innovation, but Ana Galeski (l.), executive director of compliance for Marker Trax, argues that cashless credit and play can help with compliance efforts in ways that physical cash simply cannot.
In the gaming investment landscape, affiliates and data providers represent an interesting alternative to land-based operators, bookmakers and iGamers. Despite lagging performance of late, many of the biggest players in the space offer intriguing future prospects.
Carol O’Hare (r.) has been a trailblazing figure in the world of problem gambling treatment and management for decades, and when industry veteran Richard Schuetz needed some help in drafting an article about O’Hare’s tenure at the Nevada Council on Problem Gambling, he enlisted the help of another industry titan, Keith Whyte (l.).
As more jurisdictions around the U.S. adopt various forms of gaming, the challenge of setting effective tax rates remains as important as ever. However, as veteran consultant Michael Pollock (l.) notes, tax rates should be part of an overarching gaming tax policy that takes many different factors into account.
A Nevada resident has filed a class-action suit against Amazon.com over Amazon’s social casino apps, alleging sales of virtual chips makes the apps an illegal internet slot operation.
The second attempt to pass a casino referendum in Richmond, Virginia failed 62 percent to 38 percent, even worse numbers than the 2021 outcome of 51 percent to 49 percent. Developers Urban One and Churchill Downs spent $10 million compared to opponents’ $200,000.
As New Jersey lawmakers plan to vote on a casino smoking ban in a lame-duck session, a bill to ban smoking inside Pennsylvania casinos is on the move.
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The North Carolina Lottery Commission has brushed aside any hope of being ready to launch January 8. Too much to do, what with rules to examine and approve, games to sanction and catalog events to bet on.
A unanimous decision by the owners of all 30 Major League Baseball teams has given the permission for the owners of the Oakland A’s to move to Las Vegas. Commissioner Rob Manfred (l.) said he did “everything humanly possible” to prevent the relocation.
A Nassau County Supreme Court judge has nullified the 99-year lease agreement between the Nassau County government and Las Vegas Sands, signed to allow LVS to place a casino at the site of the Nassau Coliseum (l.).
Malaysian casino giant Genting will spend $5 billion to expand Resorts World Sentosa (l.) in Singapore. The total investment of $5 billion is almost double the amount planned in 2019.
The Brazilian Senate looks close to final voting on a bill that would legalize sports betting in the republic. The Chamber of Deputies has already acted on the Federal Sports Betting and Online Gambling Bill.
Over 4 million Germans either have a gambling disorder or are at risk of developing one, according to a new report presented by the country’s Federal Drugs Commissioner Burkhard Blienert (l.).
The president of the NCAA, Charlie Baker (l.), said in a lengthy interview with CBS News recently that he opposes proposition bets on college sports.
The ESPN Bet era has begun as it takes over the 17 states its predecessor operated in. Penn Entertainment stands to gain by tapping into the ESPN brand it paid a fortune to use.
An attempt by the parimutuels in Florida to halt the sports betting launched by Seminole Hard Rock earlier this month has been thwarted.
On this episode of Bull and Bear, we hear opposing views about the state of gaming for investors. There’s no denying that the overall economy is showing signs of sluggishness, but is that automatically true for gaming?
Lamont White is the co-founder of Casino Employees Against Smoking Effects (CEASE), an effort organized first in Atlantic City and which has now spread across the country.
GGB Podcast sponsored by Pavilion Payments.
The collective market value of Macau’s Big 6 gaming operators has slumped to November 2022 levels, despite strong growth in the third quarter. Analysts are scratching their heads.
Philippine Senator Win Gatchalian has asked for an investigation of crimes at an iGaming site in Pasay City. Workers have reported torture and sexual assault. In the fallout, more than two dozen police officers have been fired.
Macau’s gaming concessionaires have committed billions of dollars for non-gaming attractions over the next 10 years. MGM China President Hubert Wang warns against “repetitive” investments.
A public health journal in the U.K. has published research concluding that regulatory bodies have failed to recognize problem gambling as a public health hazard, worthy of publicly funded research.
The Finnish gaming monopoly Veikkaus has announced it will divide into three units and lay off 25 percent of its workforce. The moves are happening as Finland ends the monopoly, opening gaming up to a regulated marketplace.
A bill that would ban the use of credit cards and digital currencies for iGaming has been passed by the Australian House of Representatives and will now proceed to the Senate.
The highest court in the Indian state of Tamil Nadu has overturned portions of a law that banned rummy and poker. The Madras High Court has ruled that both are games of skill rather than gambling.
Fourteen members of Paraguay’s Chamber of Deputies are asking the government to amend the proposed Gambling Law. They want less power to flow into the National Gambling Commission in granting gaming concessions.
In Kenya the Gambling Control Bill being debated by parliament would create a new Gambling Regulatory Authority. It would replace the old Betting, Control and Licensing Board (BCLB).
CreedRoomz recently took home the prize for Live Casino Provider of the Year at the SiGMA Europe Awards 2023.
The International Tennis Integrity Agency (ITIA) recently announced seven Belgian tennis players were found to have fixed matches and have been suspended.
Cease and desists and other efforts were threatening the existence of Underdog and other fantasy competitions. Underdog has come up with a game which might just be legal. Peer-to-Peer Pick’em.
Over the summer, DraftKings made some inquiries about the availability of 888, owned by Entain. The deal was never consummated, but never say never in this business.
Striking casino workers at Detroit’s three casinos have called for a boycott of four online betting platforms, which are significant sources of revenue for the casino operators. Union workers went on strike on October 17.
Alabama House Speaker Nathaniel Ledbetter (l.) said he’ll propose legislation to regulate gambling prior to legalizing a state lottery, although a lottery could generate up to $300 million in annual tax revenue.
Red Rock Resorts has pushed back the opening of its Durango Casino and Resort from November 20 to December 5. Company representatives told investors on a recent call that certain aspects of the property had not been completed to their liking.
Affinity Interactive has announced that the Silver Sevens (l.) in Las Vegas will be rebranded back to its former name, the Continental, more than 20 years after it originally closed.
The Illinois Gaming Board reported both revenue and admissions at Bally’s temporary Chicago casino (l.) declined for the month of October compared to the casino’s opening on September 9 through September 30.
Underage and prohibited gamblers that won $77,000 at Atlantic City casinos and a racetrack caused a loss for the establishments.
A new report suggests that problem gambling in New Jersey is three times the national average. New Jersey AG Matthew Platkin (l.) says the state must do more “for our most vulnerable populations.”
West Virginia has joined Delaware, Michigan, Nevada and New Jersey in the Multi-State Internet Gaming Agreement (MSIGA), allowing West Virginians to play against players from other states.
In a quest to promote responsible gambling, six U.S. gambling affiliate groups banded together to form the Responsible Gambling Affiliate Association (RGAA).
The Graton Resort & Casino (l.) in Rohnert Park, Northern California November 5 celebrated its 10th anniversary. During that decade it welcomed more than 50 million visitors. It has a reputation as one of the best employers in the region.
The Kenosha City Council approved an agreement with the Menominee Indian Tribe allowing a $360 million Hard Rock Kenosha. Voters passed a Kenosha casino referendum in 2003 but it was vetoed by then-Governor Scott Walker.
Oklahoma’s Osage Nation November 16 opened its second casino in two months: Osage Casinos Bartlesville. Just a month ago the nation opened Osage Casino and Hotel in Pawhuska.
Kambi co-founder and board member Anders Ström (l.) has been appointed as Chair of the Board of Directors after Lars Stugemo decided to stand down after almost 10 years in the role.
The Las Vegas Sphere (l.) is the talk of the town, having just opened earlier this fall. However, Gautam Ranji, the chief financial officer of the venue’s parent company, recently walked out just before the company reported a quarterly loss of $98.4 million.
The U.S. Patent and Trademark Office has sided with Acres in a patent dispute initiated by IGT over alleged infringement of IGT patents in Acres’ Foundation casino management system.
Better Collective A/S will acquire Playmaker Capital for $191 million as part of a plan to expand its presence in the Americas. Playmaker attracts more than 200 million monthly impressions from that market.
Ainsworth recently announced it has installed its HHR system and terminals at the newly opened Sandy’s Racing and Gaming in Ashland, Kentucky.
AGS recently debuted its first “Hog Heaven” slot room at Miccosukee Casino & Resort in Miami, Florida, which features a number of the company’s Rakin’ Bacon machines.
A stacked roster of industry professionals are set to speak at the National Council of Legislators from Gaming States (NCLGS) at their winter meeting in Fort Lauderdale, Florida.
Small Nuggets of News
Outrageous pronouncements, simple statements and words of wisdom.