
Archive: Vol-18-No-47-December-7-2020





In China, eRMB Is for Real Macau Might Not Be Too Far Behind
The idea of digital wallet gambling in Macau, denominated in renminbi, would seem to be a long shot. Or is it? Because it may well be what Beijing ultimately wants, and that makes the case for it a strong one.




Chicago Casino One Step Closer To Reality
Eleven respondents answered a comprehensive questionnaire from the office of Chicago Mayor Lori Lightfoot about a possible Chicago casino, including Hard Rock International, MGM Resorts International, Wynn Resorts and a Rush Street Gaming partnership. Eight of the 11 stated the casino should be built in or near downtown Chicago (l.). The information will be used to craft a request for proposals to be issued next year.
Featured Stories More
WEEKLY FEATURE: A Visionary Remembered
Although he wasn’t a “gaming guy,” all of Las Vegas mourned the passing last week of Tony Hsieh (l.) whose vision and tenacity transformed Downtown Las Vegas. Hsieh died of injuries sustained in a house fire in Connecticut in late November.
Report Spells out Market Leaders in Mobile Bets
Roundhill Investments issued a report naming the market leaders in mobile sports betting by jurisdiction. In New Jersey, it's FanDuel and PointsBet. In Nevada, it's William Hill, while in Pennsylvania, FanDuel rules the roost. DraftKings leads in Indiana as well as West Virginia. William Hill takes the checkered flag in Iowa.
Billionaire Fertitta Considers IPO
Texas billionaire, casino and restaurant owner Tilman Fertitta (l.), is considering taking those parts of his empire public with an IPO. He needs to raise money to pay down debt accrued by expanding his empire and hits taken because of the pandemic.
Effects of FOBT Limit Weighed in UK
A £2 limit on bets on fixed odds betting terminals (l.) resulted in a steep loss of revenue from the machines, but did not cost the UK gaming industry as many jobs as predicted. While gamblers lost £700 million less on gambling machines in the year ending in March, predictions that 20,000 jobs would be lost did not materialize.
February Debut Set for Londoner Macao
Most of the themed megaresort that replaces Sands Cotai Central will be up and running in time for Chinese New Year, with more attractions rolled out as 2021 progresses.
Caesars Sells Belle Of Baton Rouge
Caesars Entertainment will sell the operations of the Belle of Baton Rouge (l.) in Louisiana, leaving it with three casinos in that state. The new owner will be the privately held CQ Holding Company, operators of DraftKings at Casino Queen in East St. Louis, Illinois and Casino Queen Marquette in Iowa. The purchase price was not disclosed.
Investment Fund Seeks William Hill Assets
Rebuffed in its proposed acquisition of William Hill, Apollo Global Management will bid for the sportsbooks non-U.S. assets, including the high street bookmakers (l.) in the UK.
Casino Money Laundering Flourished Under Former BC Minister
The Cullen Commission in British Columbia, Canada, is holding hearings on corruption between law enforcement and the province’s casinos. Last week it heard testimony that included transcripts between Kash Heed (l.), a former solicitor-general, and former RCMP officer.
GLOBAL GAMING BUSINESS PODCAST: Deron Hunsberger, Chief Commercial Officer, Ainsworth Game Technology
This week, the GGB Podcast features a conversation with Deron Hunsberger, the chief commercial officer for Ainsworth Game Technology, on how the company has survived the pandemic and is planning for future growth.
ASIAN GAMING More
Gambler-Friendly Tax Scheme Likely in Japan
Reports are the governing Liberal Democratic Party has moved away from an earlier proposal for withholding income tax from casino gambling winnings. The exemption is expected to be incorporated in a fresh set of guidelines scheduled for release this month.
Fifth Korean Casino Closes Amid Covid Surge
Grand Korea Leisure has shuttered its Busan casino (l.) for at least two weeks to help with the government’s efforts to flatten a rising coronavirus curve. The closure comes as GKL prepares to reopen its two Seoul casinos to limited occupancy after a Covid shutdown dating back to November.
Hotel Occupancy on the Rise in Macau
The key metric has climbed past 40 percent in another clear sign that momentum is building behind the market’s recovery from the Covid crisis. Visitation and gaming revenues are in the ascendant as well as China’s restoration of tourist visas begins to make its impacts felt.
Pandemic Hits Japan’s Pachinko Industry
Japan’s pachinko industry has been hit so hard by the pandemic that many operators have had to suspend operations. Some have closed permanently.
South Shore Could Fold Following Shareholder Vote
A funds investor has called for unwinding the Hong Kong-listed developer behind Macau’s troubled luxury resort, The 13 (l.). The Cotai property, which never fully opened and never secured a planned casino, has been for sale for months but has yet to find any takers.
Local Authorities Against Revoking IPI's License
Local officials in Saipan, in the Commonwealth of the Northern Mariana Islands appear to reject the idea of revoking the license of Imperial Pacific International, operators of the Imperial Palace Casino (l.). IPI owes multimillions of dollars in license fees, payments to the community benefit fund and even employee salaries.
Marina Bay Sands Hosts Hybrid Trade Show
The "first hybrid trade show," TravelRevive, took place at Marina Bay Sands in Singapore, featuring presentation technology that combines in-person attendance with online participants. "Mixed reality" presentation technology is offered at the venue's on-site hybrid broadcast studio, created to adapt to Covid-19 issues.
EUROPEAN GAMING More
French Casinos To Reopen December 15
Casinos in France, including Barriere Casino Biarritz (l.), will reopen Tuesday, December 15 under strict new Covid-19 protocols, according to the trade union Casinos de France. Casinos, betting shops and bingo halls, shut down for the second time on October 30, originally planned to reopen December 1. The union said reopening the casinos will benefit French citizens and the economies of several cities.
UK Gambling Commission Pushes Copyright Protections
The UK Gambling Commission is asking its licensed gambling operators to register their subsidiaries with the London Police “Infringing Website List” to protect against intellectual property rights and copyright infringement. The list keeps track of websites that infringe on copyrights, helping advertisers to avoid them.
CEO Of Swedish Company ATG Wants ‘Credit Break’
With 400,000 people in the country who cannot pay off their loans, the number of people applying for debt restructuring is at a record high. Horse racing executive Hasse Lord Skarplöth (l.) wants a credit break self-exclusion tool.
GLOBAL GAMING More
Tabcorp Fined for Violating Advertising Rules
Tabcorp has been fined more than $22,000 for violating advertising rules in the Australian state of New South Wales. The fines come from ads that targeted former Tabcorp account holders. New South Wales gambling code makes it illegal to publish gambling ads featuring an inducement to participate in gambling or open a betting account.
Peru Casino Employees Demand Reopening
Casino employees in Peru marched on Congress (l.) to demand the government reopen the gambling halls. The tourism ministry has approved protocols for reopening.
SkyCity Helped by Loosening Covid-19 Restrictions
Buoyed by easing of restrictions, SkyCity Adelaide opened its new luxury hotel (l.) and two restaurants
Audit of Mafia Perks in Quebec Casinos Planned
A finance minister in Quebec has ordered an independent audit of casinos to investigate whether Mafia leaders were given luxury perks at provincial casinos, including Casino Montreal (l.). The audit, coming on the heels of a TV station report, will examine potential money laundering and other crimes in part through loyalty programs.
Tabcorp Partners with TAB NZ
Tabcorp has signed an agreement with TAB NZ under which the operators will exchange broadcasting and wagering rights for horse racing in Australia and New Zealand.
SPORTS BETTING More
Sportsbooks Conflicted About Betting Limits
While it is not a hard and fast rule, too many sportsbooks fail to establish consistent betting limits. As a result, some players get to make bets with favorable odds, while others seeking similar bets are rejected by the sportsbooks. The FOX Bet and Circa (l.) sportsbooks tries to play by the same rules.
Yahoo, BetMGM Expand Partnership
Yahoo Sports and BetMGM are expanding their sports betting partnership to offer new features to patrons, including the Watch Together initiative and the augmented reality experience.
Genius Sports, Scientific Games Partner on Content
Genius Sports and Scientific Games Corporation are partnering to provide in-game content to customers worldwide, though excluding U.S. sports leagues.
Montana Sportsbook Boosts Local Businesses
The addition of sportsbook to the gaming scene in Montana in March has helped many of the state’s bars and casinos weather the Covid pandemic. Even though sports itself didn’t start returning until summer.
Sports Betting Companies Lining Up in Iowa
Five sports betting companies in Iowa have had agreements with casinos approved by the Iowa Racing and Gaming Commission as they look forward to changes in the state’s registration procedures. Starting in January, according to Administrator Brian Ohorilko (l.)bettors can sign up for sports betting online, rather than exclusively in person at casinos. The change is creating new interest in the market.
MGM’s Hornbuckle Bullish on Online Sportsbook
Bill Hornbuckle (l.), chief executive officer of MGM Resorts International, believes there is a bright future for online sports betting. That’s true even though the many contradictory rules in the various states that allow it complicate things for a multi-state corporation like MGM.
Betsson AB Launches Kenya Sportsbook
Stockholm-based operator, Betsson AB, has initiated the first African market sportsbook, Betsafe Kenya. The partnership places a high value on responsible gaming approaches. The Kenyan High Court has given the go-ahead for Sportpesa to resume activities after a year-long withdrawal.
U.S. Sports Betting To Reach $3 Billion
When October results for Illinois get reported, U.S. sports betting handle overall expects to hit $3 billion.
UNITED STATES GAMING More
Las Vegas To Bounce Back Like The Roaring ‘20s, Wynn CEO Predicts
Post-pandemic, Wynn Resorts CEO Matt Maddox sees a “bright” future and an ability to bounce back and re-establish itself, just as the country did after the 1918-1919 pandemic.
Virginia Lottery Expects Casinos In 2022
Casinos in Virginia, recently approved in voter referendums, continue to make progress. Lottery Executive Director Kevin Hall said the earliest the Hard Rock Bristol Casino (l.) could open a temporary facility would be April 2021, although developers are aiming for late 2021. Danville expects Caesars Virginia LLC's $15 million up-front payment any day. And Richmond residents can take an online survey about what the city should consider for a casino.
LA County Towns Call Cardroom Closures ‘Final Nail’
Officials of Los Angeles County cities that rely heavily on casinos for government revenue are condemning the action last week by the county to close cardrooms in the county, including the Commerce Casino (l.), to reduce the spread of Covid. They say the casinos are already operating safely.
Nevada Regulators Mull Appeal in Wynn Case
Steve Wynn (l.) has no interest in returning to the gaming industry in the aftermath of his resignation over allegations of sexual misconduct. But the Nevada Gaming Control Board tried to find him unsuitable for a license. But a judge said the agency had no authority for such a finding. An appeal might follow.
Black Hawk Council Lifts Bet Limit
The city of Black Hawk, Colorado (l.) has decided to lift the city’s $100 betting limit. This goes into effect May 1.
Atlantic City’s Credit Getting Stronger
New Jersey’s oversight of Atlantic City’s municipal operations has helped improve the city’s overall economic outlook according to Moody’s Investor Services. The credit agency affirmed Atlantic City's Ba3 credit rating last week, but changed the city’s outlook from stable to positive.
VICI Donates Former Kentucky Racetrack Land
The 58-acre site of the former Bluegrass Downs Racetrack (l.) in Paducah, Kentucky will become a sports recreation facility for the 1,200 youth of McCracken County, thanks to VICI Properties' donation of the land. Caesars Entertainment operated the venue which closed in October 2019 after Caesars did not renew its Kentucky racing license.
More Than 20 Online Travel Firms Sued For Avoiding Taxes In Nevada
Fraud alleged against some of the biggest names in the online hotel booking industry amid accusations the industry underpaid taxes by hundreds of millions of dollars.
Illinois To Further Study Gambling Amid High Sports Betting Numbers
The Illinois Department of Human Services announced it will conduct a year-long, $500,000 study on gambling and gambling addiction within the state. Officials said the recent accessibility of sports betting could lead to a major increase in problem gambling in the next few years.
Atlantic City Casino Jobs Shrink Again in October
For the fourth straight month, employment in the Atlantic City casino industry declined by double digits. The sharp fall off speaks to capacity and other constraints, the need to help balance decreasing revenues and a threat of a recent surge on visitation as winter approaches.
Maine Casino Revenues Near Bottom of U.S.
The two casinos in Maine are recording some of the most severe drops in gaming revenue of casinos in the United States. Revenues dropped 55 percent since March.
Clark County Taps Stadium Reserve Fund To Make Stadium Bond Payment
Drastic measures taken to ensure Clark County’s latest $16 million payment on the Las Vegas Raiders’ stadium bonds can be made on the $2 billion structure, even in the face of lower taxes on occupied hotel rooms.
The Plaza Hotel & Casino Announces Greyhound Station Redevelopment And Symphony Park Connectivity Projects
The Plaza will also partner with the City of Las Vegas to build a pedestrian-friendly pathway that leads to a new elevated bridge connecting the hotel-casino on Main Street to Symphony Park.
Former Suffolk Downs Owner Sues Wynn Again
Sterling Suffolk Racecourse, which once owned Suffolk Downs racetrack (l.) near Boston, is pursuing its legal battle for damages from losing the casino license to serve the Greater Boston area to Wynn Resorts six years ago. It lost its case in federal court but now has taken the case to a state court.
Casinos in Mississippi Suffer Millions in Hurricane Damage
Hurricane Zeta in October caused millions in damage to Mississippi’s Gulf Coast casinos, according to the properties. Mississippi-based Yates Construction recently filed for $48 million in building permits to repair damage to four of the eight resorts in Biloxi.
New York Casino Tops $3 Billion for Education
Resorts World Casino (l.) at Aqueduct Raceway in Queens has generated more than $3 billion for education funding since it opened in 2011. In the past fiscal year alone, the casino contributed $348 million to the lottery, more than any other operator in the state.
TRIBAL GAMING More
Agua Caliente Casino Cathedral City Opens
The Aqua Caliente Band has opened its third casino. The property is called Agua Caliente Casino Cathedral City and it opened the day before Thanksgiving.
Washington Tribal Casino Announces Expansion
The Kalispel Tribe of Washington state has announced it will go forward with a previously announced expansion that will include a hotel tower. A previously announced convention center is being put on hold.
Mohawk Casino Reduces Days of Operation
Akwesasne Mohawk Casino Resort has closed down on Monday and Tuesday due to a lack of business.
LOTTERY More
UK Lottery CEO Draws Criticism on Possible Underage Ban
UK Lottery CEO Nigel Railton (l.) is drawing criticism for telling Parliament it could be a year before an under-18 ban on lottery products is in place. Railton said the ban presents logistical challenges that can’t be dealt with quickly. Member of Parliament, however, were skeptical that the lottery needs a fully year to put a ban in place.
Massachusetts Lottery Will Allow Claiming Prizes With App
Customers of the Massachusetts Lottery will soon be able to claim some cash prizes using an app on their mobile phone. The app will be available beginning in March.
Lotteries Discourage Tickets for Kids
The National Council on Problem Gambling (NCPG) and the International Centre for Youth Gambling Problems and High-Risk Behaviors at McGill University in Canada Responsible have teamed up for a gambling holiday lottery campaign a reminder to adults not to buy tickets as gifts for children.
PEOPLE More
AGS Adds Two Veterans To Slot Products Team
Slot maker AGS has named Steve Walther senior director of slot products and Amy Greene as director of gaming operations. Both the addition bring a wealth of industry experience to the company.
Crown Names New Head of Compliance, AML
Stephen Blackburn, who manages financial crimes oversight for National Australia Bank, will assume the newly created role of chief compliance and financial crimes officer on March 1. The appointment could prove critical to the gaming giant’s battle to save the license for Crown Sydney.
PlayUp Appoints Drazin to Board
Australian-based PlayUp appointed Dennis Drazin to its Board of Directors. Drazin is CEO of the company which runs Monmouth Park racetrack in New Jersey.
GOODS & SERVICES More
Ainsworth Installs 105 HHR Machines in Virginia
Ainsworth Game Technology has installed its Historical Horse Racing system in 25 machines at Rosie’s Gaming Emporium (l.) in Richmond, Virginia.
JCM Global, Cordish Companies Execute Supplier Agreement
JCM Global has signed a master supplier agreement with Cordish Companies to supply equipment to Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia (l.), and Live! Casino Pittsburgh.
Morongo to Introduce Marker Trax Cashless Wagering
California’s Morongo Casino will be the first tribal casino to adopt cashless wagering marker technology produced by Marker Trax, delivered via Konami’s Synkros casino management system.
Ainsworth Projects AU$15 Million Loss
Ainsworth Game Technology anticipates a loss of around AU$15 million for the six months ending December 20, according to its CEO, who cites ongoing Covid-19 restrictions.
David Chang’s Bāng Bar to Debut at the Cosmopolitan of Las Vegas
The famous restaurateur David Chang (l.) calls his new restaurant at the Cosmopolitan “one of the craziest concepts we’ve come up with”.
NUTSHELL More
NEWS & NOTES
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