
Archive: Vol-22-No-9-March-4-2024







The Madness of Crowds
The gaming industry is logging record revenues, but that does not mean it is perfect, by any means—oftentimes, those who venture to point out its shortcomings are doing so out of love, and a desire for things to improve for future generations. Such is the case with Richard Schuetz (l.), whose half-century of experience has touched nearly every aspect of the industry.






Experts: AI, Social Engineering Pose New Challenges
In expert presentations at last week’s World Game Protection Conference in Las Vegas, social engineering experts commented that operators must deal with new challenges from artificial intelligence and high-tech hacks.






Aristocrat, Light & Wonder Top EKG Slot Awards
Aristocrat Gaming was once again named Best Overall Supplier of Slot Content in the EKG Slot Awards, but Light & Wonder scored the most individual awards this year.






IGT, Everi to Merge in $6.2 Billion Deal
IGT will spin off its gaming and digital divisions to create a new company in combination with Everi Holdings, Inc. in a $6.2 billion deal. The new public company will retain the IGT name.
Featured Stories More
WEEKLY FEATURE: U.K.’s Cap on Online Slot Spins Could Cost Casinos Millions
The government of the U.K., as part of updating the Gambling Act of 2005, is proposing setting an upward wagering limit of £2 for online slots for young people. It also proposes a £5 limit for adults over 25.
Genting Reveals $5 Billion Bid for Expanded Resorts World NYC
Genting has revealed its proposal for a downstate casino license, a sweeping $5 billion expansion (l.) that would include additional hotel rooms, a massive casino expansion and thousands of employee housing units.
Alabama Senators Review Gambling Legislation
Legislation including casino gambling, a lottery and sports betting easily passed the required two-thirds of the Alabama House. But rounding up enough support among Senators isn’t a given, with some urging paring down the measure to lottery only.
Does Macau Gaming Crime Bill Miss the Mark?
Newly proposed gaming legislation in Macau, sent to the Legislative Assembly for review, creates new categories of crime and punishment without suggesting preventive measures, say several industry experts.
Tigre de Cristal Buyer Exits Deal
A controversial deal to sell the Tigre de Cristal casino in Russia is off. The would-be buyer, Dalnevostochnyj Aktiv LLC, has notified operator Oriental Regent Ltd. of its intent to withdraw from the agreement.
Sweden Bans Gambling With Credit
Sweden’s ban on gambling with credit is coming under assault from the Swedish Trade Association for Online Gambling (BOS). BOS claims the government’s new stand is 180 degrees from its previous stance.
Daily Fantasy Sports Face Different Regulatory Approaches
Daily fantasy sports have faced an uneven regulatory life in recent months, especially those with pick’em elements. Some states want them gone as an imitator of sports betting. Still others see good if regulated.
Ohio Gaming Commission Prohibits Collegiate Prop Bets
At the request of the NCAA, the Ohio Casino Control Commission put an end to proposition bets on collegiate games in-state. The primary reason is to avert harassment or worse against players should such a bet go bad.
Chicken Ranch Tribe Unveils CA Online Sports Betting Product
Indian Country in California has gone through conniptions over sports betting including a high-stakes ballot battle in 2022. Then along comes the Chicken Ranch Tribe with a real sports betting app and: prop bets. Sorta.
FANTINI’S FINANCE: Back to the Future
One of legendary investor Peter Lynch’s most-quoted aphorisms is that of “deworseification,” meaning that diversification is not always sensible. IGT has spun off its lottery business and returned to gaming full-time, a move that Lynch (and gamers everywhere) would surely approve.
GGB PODCAST: Simon Thomas, Executive Chairman, Hippodrome Casino
The historic Hippodrome theater dates back to the turn of the 20th century. Simon Thomas (l.) and his father Jimmy took over that facility and turned it into London’s most successful gaming enterprise.
GGB Podcast sponsored by Pavilion Payments.
ASIAN GAMING More
In Korea, Mohegan Irons Out Kinks Ahead of Inspire Opening
Mohegan Inspire in Korea is ironing out a few operational kinks in advance of its March 5 grand opening. The resort, which has been opening in phases since last November, has faced some early challenges.
Facing License Revocation, Saipan Operator Offers Settlement
In court hearings last week, Saipan casino operator Imperial Pacific International proposed a settlement to satisfy millions in overdue license fees to Northern Mariana Islands regulators. Terms were not disclosed.
RWG Closes Malaysian Casinos for Upgrades
Malaysia’s sole integrated resort, Resorts World Genting (l.), announced last week that it had closed two of its three casinos effective February 28. It disputed reports that the closures would be permanent.
Philippines Still Working to Exit Grey List
Officials in the Philippines say they are making progress in efforts to be removed from the “grey list” of jurisdictions that are vulnerable to money laundering and other financial crimes.
EUROPEAN GAMING More
Svenska Spel closes two casinos in Sweden
With Sweden’s Svenska Spel announcing the closing of its Cothenburg and Malmö casinos, there is just one land-based facility remaining.
Finland Warned on Gambling Harm Trends
Finland’s Health and Welfare Institute warns that although the numbers of Finns gambling has declined, that there may be an increase in gambling harms. The warning comes from a survey published every four years.
GLOBAL GAMING More
Australian EPL Provider Under Investigation for Illegal Ads During Play
Australian EPL streamer Optus Sport is being investigated by the Australian Communications and Media Authority over pitch-side ads for offshore gaming sites that were featured during a match broadcast. The sites are illegal in the market and therefore cannot be advertised.
How Will Revised AGCO Ad Standards Affect Gaming operators?
The rollout of the revised AGCO ad standards in Ontario will have new standards, such as reshaping advertising and marketing practices, emphasizing responsible gambling messaging and limiting the use of prominent figures.
SkyCity Adelaide Hit with US$8.5 Million Tax Ruling
The recent decision by the South Australian Court of Appeal confirms that SkyCity Adelaide is indeed subject to a casino tax obligation amounting to AU$13 million (US$8.5 million).
ONLINE GAMING More
China Busts $100 Billion iGaming Ring
China’s Ministry of Public Security has uncovered a “mega cross-border online gambling case” valued at $100 billion. Law enforcers arrested 93 people on the mainland in association with the case.
SPORTS BETTING More
Georgia Sports Betting Bill Ready to Repeat History
Georgia really wants to approve sports betting. Heck, they have so many sports teams, as well as the Masters. But unrelated yet critical issues seem to drag it down. This year may follow suit.
Betr, WynnBET Depart Massachusetts Sports Betting Market
The exit of Betr and WynnBET from the Massachusetts sports betting market leaves only six online sportsbooks for bettors.
Seminole Sports Betting Could Bring Florida $4.4 billion
A five-year spurt sounds so much more powerful from sports betting taxes than just reporting a single year. And with that in mind, the state now expects the taxes to flood the treasury with more than $4.4 billion.
Strapped by Shortfalls, Illinois to Raise Sports Betting Tax
Go with the so-called sin tax. Illinois Governor J.B. Pritzker (l.) has an ambitious plan for the upcoming budget and doesn’t have the money. Pritzker will go for the enhanced sports betting tax.
Iowa State Athletes File Motions to Dismiss Charges
Not all the athletes in Iowa took a plea bargain over sports betting last year. Three former players and one suspended player hired lawyers and charged misconduct on the part of the investigator.
UNITED STATES GAMING More
Iowa Lawmakers Approve Casino Tax Cut
An Iowa House panel advanced a bill to lower taxes on gross gaming revenue at the state’s 19 casinos from the current 22 percent to 19 percent in 2027. Proponents said that would help Iowa’s gaming industry compete with new casinos in Nebraska and Illinois.
Philadelphia Council Targets Skill Games
The Philadelphia City Council held a contentious hearing on a proposed ban on so-called skill games, which mimic slot machines but operate outside of Pennsylvania gaming regulations.
Veterans Protest Florida Gambling Bill
Florida legislative committees passed similar bills increasing penalties for illegal gambling operations. But veterans groups said the bills’ vague language could cause unintended consequences and impact fundraising.
Mississippi Senate Addresses Casino Approval Process
Responding to the Mississippi Gaming Commission’s controversial casino site approval to a Biloxi developer without state permission, Senators are reviewing a bill to overhaul the casino approval process and require a lease from the Secretary of State.
Countdown to Tropicana Closure Reaches One-Month Mark
We are officially less than one month away from the closure of the Tropicana Las Vegas (l.), as regulators and operators alike prepare to begin construction on a new stadium for the Oakland, soon-to-be Las Vegas Athletics.
New OTB Official Pushes for More Buffalo Terminals
A new official of New York’s Western Regional Off-Track Betting Corp. is taking aim at a state law that hampers the placement of off-track betting terminals throughout Buffalo.
West Virginia House Considers Responsible Gaming Bill
A West Virginia House committee advanced the Responsible Gaming and Research Act, which requires gaming operators to provide anonymous player data to West Virginia University to help legislators create safe-gambling laws.
North Carolina Offers Self-Exclusion Program
Ahead of the March 11 debut of sports betting in North Carolina, regulators kicked off a new voluntary gambling self-exclusion program. One application will block participants from accessing all gambling apps in the state.
Study: Problem Gambling Down in Connecticut
A new study has found that problem gambling in Connecticut has dropped over the past two decades from a 3.2 percent rate in 1991 to 1.3 percent today.
TRIBAL GAMING More
Casino Opponents Sue Shasta County Over Agreement With Tribe
A mysterious group that formed in February has sued the Board of Supervisors of Shasta County, California. The lawsuit seeks to overturn a financial agreement with Redding Rancheria over its casino.
Mohegan Tribe, Resorts Casino Atlantic City Part Ways
The decision by the Mohegan tribe to end its management of Atlantic City's Resorts Casino (l.) marks the end of a partnership that has spanned more than a decade.
CA Tribes Say Cardrooms Cost Them $100 Million Annually
California tribes at the Western Indian Gaming Conference unveiled information they say shows card clubs hurt their profits by $100 million a year. The data comes from the pandemic years.
Arizona AG: HHR Machines would Violate Compact
The Arizona Attorney General’s Office has issued an opinion that the addition of historical horse racing machines to the state’s racetracks would violate its gaming compact with Native American tribes.
Hackers Attack Arizona Casino Systems
Casino del Sol in Tucson was attacked by unknown hackers on February 21, causing ATMs, credit card systems, Wi-Fi, TV, phones and electronic door keys to go down. Table games and bars and restaurants shifted to cash-only.
PEOPLE More
Michael Daly Out as CEO of Catena Media
Michael Daly (l.) has resigned as CEO from Catena Media following disappointing fourth-quarter results and a stock price that has fallen as much as 80 percent.
Aristocrat Names Matthew Primmer CPO
Aristocrat Leisure Limited has named Matthew Primmer (l.) chief product officer and a member of the company’s Executive Steering Committee.
Former NIGC Chairman Joins FanDuel as VP for Strategic Partnerships
E. Sequoyah Simermeyer's (l.) appointment as the vice president for strategic partnerships at FanDuel continues the company’s commitment to building sustainable relationships with tribal partners and promoting economic development.
Yuri Padilla new leader of Peru’s Directorate of Gambling
Yuri Padilla, a highly respected figure in the gambling industry, has been chosen to lead the reorganized Directorate of Gambling in Peru.
Interblock CEO Named ‘Exemplary Executive’
Last month, Global CEO of Interblock Gaming John Connelly (l.) was named one of the year’s exemplary leaders in Vegas Inc.’s 2024 C-Suite Honors. The award celebrates leading executives in southern Nevada.
NUTSHELL More
NEWS & NOTES
Small Nuggets of News
THEY SAID IT More
QUOTABLE QUOTES
Outrageous pronouncements, simple statements and words of wisdom.