
Archive: Vol-20-No-24-June-13-2022






Texans Boost Louisiana Sports Betting
Texans can’t legally place sports bets in their own state, but thousands from Houston and Austin regularly cross the state line into western Louisiana, including Shreveport-Bossier City and Lake Charles, to bet on sports.





What Kind of Casino Will New York City Get?
The New York Times did a report on the casino industry as the state moves towards awarding up to three licenses in the greater New York area, and it would seem there are more questions than answers for the future of the Big Apple’s casino industry.





Crown Sydney Gets OK to Open Amid Blackstone Takeover
The ongoing saga surrounding the licensing of Crown Resorts continues to unfold— Blackstone Group, the firm slated to acquire Crown for $6.3 billion, has now been granted approval to operate from regulators in both New South Wales and Victoria. With the approval, Crown Sydney (l.) will be permitted to open.
Featured Stories More
WEEKLY FEATURE: Oaktree Acquires Interblock
Oaktree Capital Management LP, a U.S.-based asset management firm, has acquired Slovenia’s Interblock, one of the pioneers in the electronic table game genre. Interblock will continue to operate as an independent company.
Okada Settling In at Manila IR
The group backing Kazuo Okada’s takeover of the Manila integrated resort (l.) of the same name claimed it would bring the property to “new heights” even while the former board sued over the “violent and illegal” seizure of the property.
Oklahoma Cherokees Buy MGM’s Gold Strike Tunica
Cherokee Nation Businesses announced it was buying Gold Strike Tunica, a 1,100-room casino hotel previously owned by MGM Resorts. The tribe will pay $450 million in cash for the property.
Queensland Announces New Racing Industry Tax Model
The racing industry in Queensland has been overhauled by a new funding model recently put in place by the state government. As part of the new model, taxes will increase, but the amount of tax revenue that is funneled back to the industry will be more than doubled.
Cordish Back In The Game In Madrid
The Maryland-based property developer Cordish Companies is reportedly trying again to convince the government of Madrid, Spain to support a mega-casino project (l.). It failed in its first attempt in 2016. Cordish proposes a multi-plex casino, dining and hotel project to be called EuroVegas.
CA Tribes Accused of False Attacks Against Sports Betting Measure
Five months before the election, the knives are out in the campaign over whether online sports betting will be legalized in California. The state’s gaming tribes have released ads attacking the operators’ measure that some critics like iDEA Growth partner John Pappas (l.), have called “fear mongering.”
Japan PM: No iGaming Planned in the Country
Japanese Prime Minister Fumio Kishida (l.) says iGaming is and will remain illegal in the country, and offshore operators will be banished. Some 2 million Japanese reportedly take part in online gaming.
Macau Finance Secretary: Satellite Casino Industry Will Survive
Macau Secretary for Economy and Finance Lei Wai Nong (l.) has reassured the city’s satellite casinos that, though they will have to “adjust their operations” under the new gaming law, the sector will endure.
AC Casinos Claim That They Are Unfairly Taxed and Want Relief Refuted
The Press of Atlantic City and ProPublica looked at the casinos' claim that they need tax relief. Turns out, the claim might not hold up to scrutiny. Atlantic County Executive Dennis Levinson (l.) has filed suit to stop the relief.
GLOBAL GAMING BUSINESS PODCAST: Leighton Webb, VP, iGaming and Sports Betting, PayNearMe
This week, the GGB Podcast sits down with Leighton Webb, the vice president for iGaming and sports betting for the payment company, PayNearMe, on the diversity of his company’s products in the payments arena.
ASIAN GAMING More
Macau Casino Slump Continued in May
Macau casinos generated GGR of just $410 million in May—the second lowest total since September 2020, but up 25 percent over April. An analyst wrote that 2022 “should be written off by investors” due to ongoing travel restrictions, but some continue to hold out hope for a summer boost.
IMF: Philippine Casinos Still Questionable
The International Monetary Fund says the Philippine gaming industry poses “medium” risk to the country’s global standing, including Manila’s Entertainment City (l.), due to less than robust anti-money laundering efforts.
Does Wynn’s Shares-for-Salary Plan Breach Macau Law?
Ninety percent of Wynn Macau management has agreed to a salary cut in exchange for shares of equal value. But the plan may not comply with local law, which holds that no company can use shares as a substitute for cash.
EUROPEAN GAMING More
Gibraltar Plans to Update Gaming Legislation
The government of Gibraltar has issued a draft proposal with the intent to repeal and replace its Gambling Act of 2005. There will be a public consultation on the draft until the end of August. According to the government, gaming today is “unrecognizable” from what it was 17 years ago.
UK’s Gaming Industry Could Create 15K Tech Jobs
A report issued by the Purpose Coalition for the Betting and Gaming Council (BGC) predicts that the British gaming sector will generate 15,000 new tech jobs over the next five years. The report also touts the sector’s effect on “leveling up” the economy outside of London.
Jdigital Appeals Spain’s ban on Gaming Ads
The organization that represents Spain’s gaming industry may get its day in court before the country’s Supreme Court. Jdigital and media counterpart AMI have appealed the government’s ban on gaming advertising, saying it is unconstitutional.
Slovakia to Revise Gaming Ad Standards
The Central European nation of Slovakia has begun revising gaming advertising standards. The Office of Gambling Regulation has announced it will publish a “Concept of Responsible Advertising” document. It will inform operators and the media on what are acceptable practices.
GLOBAL GAMING More
Brazilian Govt. Seeking New Tax Structures for Foreign Operators
Regulators in Brazil are proposing new legislation for foreign gaming operators that would require them to establish residence within the country in order to assure that they will be taxed accordingly.
Kazakhstan Backpedals on Restricting Gaming
Kazakhstan is backing away from its crackdown on gaming that it began two years ago. Instead of restrictive regulations, it is now looking at amendments that will protect consumers. It will seek to create conditions for growing the gaming sector.
New South Wales to Update Gaming law
The Australian state of New South Wales is beginning the process of updating its gaming laws, which expire in September. It is seeking public comment on the Betting and Racing Regulation and Totalizator Regulation. It will include new provisions on minimizing harm to consumers.
B.C. Government to Release Money Laundering Inquiry Report Soon
The government of British Columbia is reviewing a report created by the Cullen Commission, headed by Supreme Court Justice Austin Cullen (l.), before releasing it to the public. The commission spent three years inquiring into how prevalent money laundering is in the gaming industry, luxury car market and real estate.
ONLINE GAMING More
B.C.’s PlayNow Expands Into Saskatchewan
The British Columbia Lottery Corporation and the Saskatchewan Indian Gaming Authority (SIGA) have signed a vendor agreement that expands BCLC’s PlayNow into the province. Saskatchewan will become the third Canadian province to be served by the PlayNow platform.
Soaring Eagle Adds Live-Dealer Games
Soaring Eagle online casino in Michigan has added live-dealer content from the Evolution Gaming portfolio of online casino brands including Evolution, NetEnt and Red Tiger.
SPORTS BETTING More
Ohio Sports Betting Law Requires Monthly Tax Payments
When Ohio wrote the regulations for sportsbooks, the state required taxes to be paid daily by operators. Sportsbooks enlightened the state of the trouble with that approach—a new law will make it monthly.
Mass. Sports Betting Bill Complicates Horse Racing Dates
The Massachusetts legislature passed a sports betting bill, but the Senate and House versions are so far apart, passage this session is unlikely. The uncertainty affected horse racing dates at tracks.
New Jersey Requires Sportsbooks Verify Income ID
The New Jersey Division of Gaming Enforcement is requiring all sportsbooks to establish two factor or multi-factor authentication for access to sites. The purpose is to reduce the chance of hacking.
No Movement In North Carolina House On Sports Betting
North Carolina Governor Roy Cooper (l.) has indicated he’d sign a sports wagering bill the state Senate approved last year, but it’s still languishing in the House. The legislative session ends June 30.
Caesars Sportsbook, NYRA Bets Launch Racing App
The new horse racing app Caesars Racebook, now live in Florida and Ohio, offers a complete horseracing menu, livestreaming from more than 250 international racetracks and player rewards.
Elys opens its 4th and 5th Restaurant/Sportsbook in D.C.
Elys Game Technology has signed two more restaurants to house sports betting access in Washington D.C. The two bring the total of Ely locations in the nation’s capital to five.
Barstool’s 4th Sportsbook in PA Now Open at Hollywood Casino
Barstool Sports and Penn National Gaming have teamed up again to open another Barstool Sportsbook in Pennsylvania, this time at Hollywood Casino at The Meadows. The location is expected to open June 9.
BetRivers Launches Online Sportsbook in West Virginia
BetRivers now offers an online sportsbook in addition to online casino games in West Virginia. The two share a wallet for wagering and winnings. Winners can use sports wager rewards for free play on iGaming and vice versa.
UNITED STATES GAMING More
VA: Push is On To Bring Casino to Petersburg
Petersburg and Richmond vow to fight to bring a casino to their town, like it’s a magical elixir. Petersburg (l.) wants the license because Richmond voters said no, and Richmond wants a do-over referendum.
Nebraska Approves Gaming License Fees
WarHorse Gaming became the first casino operator to apply to the Nebraska Racing and Gaming Commission for a license for its casinos in Lincoln (l.) and Omaha. Both venues will open temporary facilities, possibly later this summer.
AC Lawmakers Don’t Have the Votes To Ban Smoking This Summer
The list of legislators sponsoring the anti-smoking ban keeps growing but they are still too short on the numbers. It looks like the ban may have to wait until at least after summer.
Florida Gaming Commissioners Target Unregulated Games
The new 5-member Florida Gaming Control Commission has tasked Executive Director Louis Trombetta (l). to find a director of gaming enforcement to pursue so-called gray market slots−a growing concern of the Seminole Tribe of Florida.
2.2- Acre Plot on Las Vegas Strip Sold to Mystery Buyer for $12.8 Million
An anonymous buyer has purchased a 2.2-acre plot on the Las Vegas Strip for just under $13 million. The plot was owned by Lily Funds, a Florida-based firm run by former NFL player Tom McManus.
Caesars Unveils More Investments for AC Property
Caesars Entertainment has lined up a number of projects this summer for its flagship Atlantic City resort (l.). The projects include renovations to a pool in the spa area, the casino floor and its dining options.
Mississippi Casino Restricts Visitors To Age 21-Plus
The Silver Slipper Casino Hotel (l.) will not admit guests under age 21 starting July 1. Officials said too often employees had to remind parents to look after their children. The venue was cited by the Mississippi Gaming Commission.
TRIBAL GAMING More
Illinois’ South Suburban Chicago Casino Breaks Ground
Ground was broken on the Wind Creek Chicago Southland casino hotel on the Homewood-East Hazel Crest Border. Owned by the Poarch Creek Indians, the venue will open in 2023 and create 800 permanent jobs.
Oklahoma Choctaw Landing Groundbreaking Planned
Ground will be broken June 14 for the Choctaw Nation’s newest venue, the $165 million Choctaw Landing (l.) casino resort in Hochatown, Oklahoma, scheduled to open in 2023.
Oneida Nation Goes All-Out to Recruit Dealers
New York’s Oneida Nation has launched a dealer recruitment program, with incentives that include 50 new apartments in central New York at below-market rates at its Turning Stone Casino (l.).
Mohegans, Yale Team up to Fight Problem Gambling
Connecticut’s Mohegan Tribe is donating $2 million to the Yale University School of Medicine (l.) to help develop new cognitive behavioral therapy to help patients fight problem gambling. This research could lead to a mobile app to widen the availability of such treatment.
Hard Rock Opens new Concert Venue Near Sacramento
On June 3, Hard Rock Hotel & Casino Sacramento at Fire Mountain opened its new 2,500-seat, 6,000-square-foot stage. The concert venue can be moved to accommodate music, boxing, basketball or corporate events. It is part of a $75 million expansion by the Estom Yumeka Maidu Tribe.
LOTTERY More
IGT Extends Kansas Lottery Contract
International Game Technology announced its subsidiary, IGT Global Solutions, and the Kansas Lottery agreed to a 10-year contract extension. IGT’s INTELLIGEN central system software offers strategic management and player benefits.
Arkansas Companies Worry Missouri Lottery Director
Missouri Lottery Director May Scheve-Reardon (l.), concerned about the impact of unregulated gaming machines on revenue, said she may pull the lottery licenses of businesses that allow the games on their premises.
PEOPLE More
Markantonis to Exit Venetian Las Vegas; Nichols is new CEO
Last week, the Venetian Las Vegas announced that George Markantonis (l.) will leave his post as president and CEO in August, to be succeeded by industry veteran Patrick Nichols.
Michael Vanaskie Named Partner At The Innovation Group
Longtime Innovation Group executive Michael Vanaskie was named SVP at partner. His task is to drive Latin American and Caribbean business, and expand project development services
Rush Street Gaming Promotes Keena, Arndt to COO, CFO
Rush Street Gaming has named Bill Keena (l.) as the new COO for the company and Marc Arndt as CFO, a restructuring of the company following the departure of CEO Greg Carlin in April.
Sightline Payments Appoints 3 New Execs for Canadian, U.S. Markets
Payment processing company Sightline Payments has appointed two new executives in Canada and one in the U.S., those being Will Hill, Tamara Tenenbaum, and Brian Cottengim (l.), respectively.
Circa Sports Hires Veteran Bookmakers Baccellieri, Bogdanovich
Circa Sports, Las Vegas’ expanding sportsbook operator, has brought in veteran bookmakers Richie Baccellieri and Nick Bogdanovich (l.) as director of product development and sportsbook manager, respectively. Both have decades of experience in the Las Vegas sportsbook market.
Hard Rock AC Appoints Alicia Magee as VP of Finance
Alicia Magee has been named as vice president of finance at Hard Rock Atlantic City. Magee has worked in Hard Rock’s upper management team since 2020, and also has experience with Borgata and Caesars.
GOODS & SERVICES More
Accel Completes Century Gaming Acquisition
Accel Entertainment announced the completion of its acquisition of leading slot route operator Century Gaming, adding more than 900 customers and 8,300 gaming terminals to its portfolio.
AGEM Index Rises in May
The AGEM Index rebounded in May after a decline in April. Some positive results among individual companies include Konami and Aristocrat.
Caliente Casinos Add Zitro Games
Mexico’s Caliente Casinos has installed 100 new multi-game slots on Zitro’s new Altius Glare cabinets, completing a total contingent of 250 games at the casinos.
TRADE SHOWS & CONFERENCES More
SBC Sets June 13-15 for Canadian Gaming Summit 2023
SBC, which has announced that it will acquire the Canadian Gaming Summit from the Canadian Gaming Association (CGA) and MediaEdge Communications, has set the date and location of the 2023 conference. It will be held June 13-15 at the Metro Toronto Convention Center.
NUTSHELL More
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