Vol-21-No-41-October-16-2023 Archives

Fontainebleau Fills Out Executive Staff Ahead of December Opening

Fontainebleau Las Vegas has appointed John Helderman as its chief financial officer and promoted Stacie Michaels to the role of chief administrative officer.

5 Concerns AI Developers Need to Prevent from Materializing

Artificial intelligence, like all innovative technologies, is a double-edged sword in the sense that it has the potential to do both a lot of good and a lot of harm. But just what harms and pitfalls should we be looking for? Jason Toy, founder of AI image generator 88stacks, offers five concerns that developers need to be aware of sooner rather than later.

All of Canada to Have Access to NorthStar Bets

NorthStar Gaming is rolling out its online casino and sportsbook platform called NorthStar Bets, which will be available across Canada.

DFS Pick ‘Em Contests Face November Ban in Michigan

Daily Fantasy Sports pick ‘em contests that mimic player prop betting are being outlawed in Michigan by the state’s gaming control board starting next month.

Showtime at G2E 2023

The annual Global Gaming Expo drew more than 25,000 attendees for a display of new games, new technology and both land-based and online products.

WEEKLY FEATURE: Hard Rock Bet Blocked Again in Florida

Chief Justice of the U.S. Supreme Court John Roberts (l.) issued a ruling last week that will prevent Hard Rock International and its owner, the Seminole Tribe, from launching sports betting in Florida.

PAGCOR Casino Sale to Be Complete by 2028

Alejandro Tengco (l.) of the Philippine Amusement and Gaming Corp., has confirmed the agency’s plan to divest of 41 casinos by 2028. Before the sale, PAGCOR will work to enhance the value of its assets.

AGA Study: Gaming Has $329 Billion Economic Impact

A new study released by the American Gaming Association showed the casino gaming industry contributes $329 billion in annual economic impact to the U.S. economy, generates $53 billion in tax revenue and directly employs more than 700,000 people.

Gambling Lobbyists Target Irish Lawmakers

The updating of Ireland’s gambling laws, some of which have been on the books for more than a century, is sparking interest by lobbyists. They are targeting the country’s lawmakers.

California Tribe Tests Support for Sports Betting Plan in 2024

Rumors swirl. Tribes deny. Not after their debacle of 2022. Except for one: the Pala Band of Mission Indians. A history of aggressive efforts by Pala over the years has sparked eagerness to see if they’ll step up.

Virginia Reinstates Skill Games Ban

The Supreme Court of Virginia has once again banned skill games in the state, reversing an order from a lower court judge that allowed the games to resume while a challenge to the ban was being heard.

FANTINI’S FINANCE: Looking Back at G2E

Just like that, another G2E has come and gone, and as always, there were a multitude of takeaways and observations to be gleaned from one of the industry’s most important weeks. Here are just a few that piqued our interest.

GLOBAL GAMING BUSINESS PODCAST: Tim Minard, CEO, Eclipse Gaming

Coming off of a record $40.9 billion year in 2022, it’s clear to see that the U.S. tribal market is a force to be reckoned with. One company that’s primed to capitalize on this growth is Eclipse Gaming, led by CEO Tim Minard (l.).

GGB Podcast sponsored by IGT.

How Will $2 Billion Money Laundering Case Affect Singapore IRs?

A multibillion-dollar money laundering case won’t have a lasting negative impact on Genting Singapore, according to a Maybank analyst. But others say the scandal proves the city-state is vulnerable to financial crimes.

IPI Hit with Two Petitions Regarding Non-Payment

Imperial Pacific International, which has long been scrambling to preserve the license of its Imperial Palace casino (l.) in Saipan, was recently served with two petitions regarding nonpayment of judgement amounts.

Kentucky Rakes in $72.5 Million in First Month

Kentucky completed one month of sports betting, including three days of mobile betting. The handle for the month topped $72.5 million. $68 million came from mobile wagering in just a few days.

Howard Hughes Holdings Proposing Sky High Casino

The booming success of the Las Vegas Strip continues to pique the interest of developers and investors alike, and now another non-gaming entity, Howard Hughes Corp., appears to be the latest suitor with a proposal for a casino built over the Fashion Show Mall on the Strip.