Gambling in the USA
BetMGM SELECTS POKERORG AS OFFICIAL MEDIA PARTNER FOR BORGATA WINTER POKER OPEN
Set to deliver Instant Live coverage highlighted by $10,000,000 in guarantees, first poker millionaire of the year
BetMGM, a leading iGaming and sports betting operator, announced today it selected PokerOrg, the fast-growing poker news source, as the official media partner for the $10,000,000 GTD Borgata Winter Poker Open. The series features 22 main events and is powered by BetMGM Poker, the official online qualifier and online registration partner. The 2024 Borgata Winter Poker Open is projected to be the largest tournament series in Borgata Poker history.
PokerOrg will bring the poker world inside the rail with unparalleled coverage from the East Coastâs premier poker destination where the first poker millionaire of the New Year will again be crowned. The experienced PokerOrg team is set to deliver coverage on its Instant Live feed during the entirety of the Winter Poker Open Championship as well as key days of other high-profile events. PokerOrgâs wide-ranging reporting will keep players connected throughout the entire series through written articles, event recaps, seat draws, chip counts, and more across social channels.
âPlayers are at the core of everything BetMGM Poker does and PokerOrg amplifies poker playersâ stories,â said Luke Staudenmaier, Director of Poker, BetMGM. âThe Borgata Winter Poker Open will create countless stories over the course of 22 trophy events and we know PokerOrg is going to bring those stories to life. This is just the start of a thrilling year of omnichannel poker events ahead.â
Eric Hollreiser, CEO of PokerOrg, said, âHot off the heels of our coverage in Las Vegas, PokerOrg is excited to be heading East to bring poker fans all the action from the Borgata Winter Poker Open. Players and fans will be able to follow along as PokerOrgâs independent, player-focused, social-media style of reporting brings all the characters, hands, bad beats, and hero calls to life via our Instant Live feed and our social channelsâ.
PokerOrg is known for its modern, player-obsessed, social-first and vibrant style of live event poker news. For the latest updates on all the Borgata Winter Poker Open action, follow:
BetMGM Poker is the exclusive home for Online Qualifiers and players can win their way to the Borgata Winter Poker Open from Sunday, December 3 through Saturday, January 20. Borgata Poker Packages are up for grabs every Wednesday and Sunday, with buy-ins as low as $5. Seat-Only Online Qualifiers for individual WPO events will run nightly, from Thursday, December 28 through Saturday, January 20.
Players can also reserve their Borgata Winter Poker Open seat online exclusively on BetMGM Poker.
Online Registration for the Kickoff, Almighty Million, Mystery Bounty, and Borgata Winter Poker Open Championship opens December 3. Online registration for all Borgata Winter Poker Open events closes at 2:05 a.m EST the day of the event. All players that qualify or register online for the 2024 Borgata Winter Poker Open will be awarded BetMGM Poker Swag Bags and are eligible for BetMGM Pokerâs Winter Poker Open on-property Spin the Wheel promotion.
PokerOrg has established itself with a fresh, exciting and a highly visual approach to bringing poker news, information and entertainment to life on the web, social channels and at live poker events. PokerOrg represents player voices and passion by leveraging the deep relationships it has with poker players, which is highlighted by its unique Player Advisory Board representing all facets of the game. Moreover, PokerOrgâs staff has an extensive network of sources built up over a combined 100 years of poker experience. PokerOrg has become a poker player favorite through coverage of poker events throughout 2023, including the record-breaking WSOP at the Paris & Horseshoe in Las Vegas, the WSOP Circuit Events and the Moneymaker Tour events in Florida and Cincinnati.
Gambling in the USA
Detroit Casinos Report $109.44M in April Revenue
The three Detroit casinos reported $109.44 million in monthly aggregate revenue (AGR) for the month of April 2024, of which $107.87 million was generated from table games and slots, and $1.57 million from retail sports betting.
The April market shares were:
- MGM, 46%
- MotorCity, 30%
- Hollywood Casino at Greektown, 24%
Monthly Table Games, Slot Revenue, and Taxes
The casinosâ revenue for table games and slots for the month of April 2024 decreased 1.6% when compared to the same month last year. Aprilâs monthly revenue was 11.8% lower when compared to the previous month, March 2024. From Jan. 1 through April 30, the Detroit casinosâ table games and slots revenue decreased by 1.6% compared to the same period last year.
The casinosâ monthly gaming revenue results were mixed compared to April of last year:
- MGM, down 0.7% to $49.86 million
- MotorCity, down 4.5% to $32.68 million
- Hollywood Casino at Greektown, up 0.6% to $25.33 million
In April 2024, the three Detroit casinos paid $8.74 million in gaming taxes to the State of Michigan. They paid $8.88 million for the same month last year. The casinos also reported submitting $12.8 million in wagering taxes and development agreement payments to the City of Detroit in April.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $15.28 million in total retail sports betting handle, and total gross receipts were $1.57 million for the month of April. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.5 million in April when compared to the same month last year. Compared to March 2024, April QAGR was down by 1.7%.
April QAGR by casino was:
- MGM: $475,492
- MotorCity: $516,812
- Hollywood Casino at Greektown: $578,131
During April, the casinos paid $59,362 in gaming taxes to the state and reported submitting $72,554 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For March 2024, fantasy contest operators reported total adjusted revenues of $494,162 and paid taxes of $41,510.
Gambling in the USA
CogniPlay Launches New Social Casino Platform
CogniPlay has today announced the official launch of their new software product, which aims to provide a robust online sweepstakes or social gaming platform to their clients.The system is designed to be modular, allowing customers to tailor their brand and offering to what they believe will give them optimal performance.
The rise of sweepstake casinos in the US is continuing to gather pace and many companies from real money gaming are investigating the business model and the potentially lucrative revenue opportunity. With no standout platform solution currently on the market, CogniPlay looks to serve clients a full white label style solution with every detail taken care of. Brands like Chumba and Pulsz are already seeing tremendous success and CogniPlay gives an extremely efficient route to market for potential new sweepstake casino owners.
The CogniPlay system has several key integrations which help to deliver the product, including games integrations with the likes of Pragmatic Play, BetSoft, Mascot Gaming and many more, giving them 100s of games for their clients. There are other integration options for their customers to pick from too, including affiliate programme software, CRM platforms and associated products, KYC, ID verification, Geo-IP systems, Gamification, and customer support.
They also have a very long and extensive development pipeline which will see the product offering develop at pace, giving clients an extensive list of options and USPs, and of course giving players a great user experience as a result.
As well as the platform itself the CogniPlay team, due to their considerable experience, also offer a whole host of managed services, with almost a menu that clients can choose from to fill any gaps in their own skillsets or experience.
It is also this experience that CogniPlay hopes to utilise to great effect to provide industry-leading client management to build successful relationships and partnerships with their clients. CogniPlayâs Chief Executive Officer Allan Turner said, âWe are very proud to take the CogniPlay product to market and are excited that people who want to start a new social or sweeps brand can get in touch with us to see what we can do for them, or in fact established brands that are unhappy with their existing provider.
Our underlying principles are that we want to provide the most flexible platform in the space, to enable our clients to create the product they want to have, not for us to dictate the product to them. The two other main areas of focus are that we want to be the most future-proof product on the market with plans for any regulatory or legal changes that may arise in the future, and that we have all the right safeguards in place to ensure that we look after both our clients and players with our responsible gaming setup.
This of course means having the right tech and processes in the key areas of KYC, Geo-IP tech, anti-money laundering, fraud, risk assessment and ID verification.â
Gambling in the USA
XSOLLA RELEASES QUARTERLY â INSIGHTS REPORT ON THE FUTURE OF GAMING AND GAME DEVELOPMENT: A PRELIMINARY ANALYSIS OF SPRING 2024 METRICS AND UPCOMING TRENDS
Key trends include the fast-growing mobile gaming segment, the impact of recent regulations, the integration of blockchain and AI, and the investments in equity and inclusion across the gaming industry.
Xsolla, a global video game commerce company, published the Spring 2024 edition of “The Xsolla Report: The State of Playâ today. Launched on the heels of the Game Developers Conference (GDC) 2024, this extensive report provides invaluable insights into the emerging trends and pivotal shifts impacting the gaming industry in the short and long term. â It sets the stage to significantly shape the future of mobile gaming, deepen academic connections within the gaming ecosystem, and redefine investment patterns.
In an era where mobile gaming commanded a 49% share of the global market in 2023, this edition of “The State of Play” sheds light on the evolving landscape of mobile gaming. The report navigates through the advancements in global compliance and regulation, including the Digital Markets Act in Europe’s new player engagement strategies, offering a glimpse into the potential future of mobile gaming monetization and distribution. It discusses the impact of cross-platform play and the importance of innovative monetization models, providing actionable insights for developers and industry stakeholders.
“The State of Play” emphasizes the importance of academia in the growth and diversification of the gaming industry. It explores how educational programs and initiatives develop talent and promote diversity and inclusivity within the gaming community. This edition underlines the symbiotic relationship between the gaming industry and academic institutions, highlighting programs that significantly impact students and the industry.
Berkley Egenes, Chief Marketing and Growth Officer at Xsolla, comments: “As we introduce the latest edition of ‘The State of Play,’ we’re not merely sharing industry insights but advocating for a transformative vision: Equal Access for Everyone. This initiative goes beyond our commitment to innovation and growth within the gaming industry. It’s about breaking down barriers to ensure that every developer, regardless of company size, has the opportunity to showcase their creativity and reach a global audience. Our focus is on providing platforms and tools that foster creative opportunities, international exposure, and the development of unique projects, ensuring that the future of gaming is accessible to all. We aim to empower every player and developer worldwide, ensuring the gaming landscape is as diverse and dynamic as its community.”
The report offers an in-depth analysis of the gaming industry’s current investment climate, including funding trends, mergers, and acquisitions. It outlines the shifts in investment patterns, from the heights of the pandemic-induced boom to a more measured approach in 2024. “The State of Play” provides a roadmap for navigating the industry’s financial aspects, offering insights into strategic investment opportunities and forecasting future trends.
Featuring expert commentary from industry voices like:
- Mukul Aurora, Co-founder of Appsoleut Games;
- Mariusz Gasiewski, CEO of Mobile Gaming and Apps Lead at Google;
- Karla Reyes, Founder and Studio Director,
Anima Interactive, the Xsolla Report: The State of Play is now available for complimentary download. To secure your copy and gain invaluable insights into the gaming industry, visit our website.
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XSOLLA RELEASES QUARTERLY â INSIGHTS REPORT ON THE FUTURE OF GAMING AND GAME DEVELOPMENT: A PRELIMINARY ANALYSIS OF SPRING 2024 METRICS AND UPCOMING TRENDS
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