Gambling in the USA
MGM Resorts’ Scott Butera to address NYC Sports Betting Investor Summit
MGM Resorts’ Interactive Gaming President added to roster following Buffalo Wild Wings deal
MGM Resort’s Interactive Gaming President Scott Butera is set to address delegates at next month’s Sports Betting Investor Summit in New York.
The gaming company and its sports betting venture, ROAR Digital, announced a multi-year partnership with sports bar brand Buffalo Wild Wings last week, which will see the BETMGM digital gaming platform introduced throughout its venues.
Among the first collaborations will be a new Buffalo Wild Wings sports bar that is due to open at Mandalay Bay next year, with other set to follow across the chain’s 1,200 strong restaurant estate as states continue to pass sports betting legislation
Butera will discuss the unique deal, as well as opportunities that sports betting presents for land-based casinos, on the opening panel of the Investor Summit at New York’s Metropolitan West on Monday 4th November.
He will be joined on the panel, which will be moderated by Morgan Stanley, by Kresimir Spajic, Senior Vice President and Managing Director, Online Gaming and Sports Betting, Hard Rock International.
The one-day investor summit is set to be followed by two days of debate at Sports Betting USA, which will examine the growing industry and its value chain through the lens of four crucial components: regulation, acquiring customers, maximising the value chain, and financing this $150 Billion opportunity.
Now in its third year, the show is well on the way to being sold-out again, with tickets sales up ten per cent on this time last year, according to event director Rory Credland.
He said: “Speakers like Scott Butera are what makes this a must-attend event, as they are at the cutting edge of what is set to be a $5 billion industry in the next five years.
“We have a stellar line-up again this year, with all of the major sports leagues represented, and a host of very knowledgeable speakers who will be able to shed light on all of the current challenges and opportunities.”
“As the landscape changes, we are also seeing more media companies attending, as well as key stakeholders like the National Indian Gaming Association, and some of the biggest and most experienced suppliers from both sides of the Atlantic.”
Among the highlights of this year’s show will be a presentation by New York Senator Joseph Addabbo Jr and New York State Assemblyman J. Gary Pretlow, who will share the state’s vision for sports betting.
They will be joined by senior executives from leading operators and media companies, including William Hill USA, Penn National Gaming, and The Score, as well as representatives of sporting organisations including the NFL, NBA, NHL, MLB, MLS, PGA Tour, and NASCAR.
The three Detroit casinos reported $101.98 million in monthly aggregate revenue (AGR) for the month of September 2024, of which $101.23 million was generated from table games and slots, and $755,519 from retail sports betting.
The September market shares were:
• MGM, 47%
• MotorCity, 31%
• Hollywood Casino at Greektown, 22%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of September 2024 increased 1.2% when compared to the same month last year. September’s monthly revenue was 8.6% lower when compared to the previous month, August 2024. From Jan. 1 through Sept. 30, the Detroit casinos’ table games and slots revenue increased by 1.0% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to September 2023:
• MGM, up 6.6% to $47.68 million
• MotorCity, up 0.5% to $31.17 million
• Hollywood Casino at Greektown, down 7.8% to $22.38 million
In September 2024, the three Detroit casinos paid $8.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year. The casinos also reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in September.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $22.02 million in total retail sports betting handle, and total gross receipts were $771,751 for the month of September. Retail sports betting qualified adjusted gross receipts (QAGR) were down by 52.0% in September when compared to September 2023, and down by 55.4% when compared to August 2024.
September QAGR by casino was:
• MGM: $601,794
• MotorCity: $11,817
• Hollywood Casino at Greektown: $141,908
During September, the casinos paid $28,559 in gaming taxes to the state and reported submitting $34,905 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For August 2024, fantasy contest operators reported total adjusted revenues of $613,448 and paid taxes of $51,530.
Gambling in the USA
Zula Casino Kicks Off its Spectacular 1-Year “Zula-versary” with a Month of Events and Promotions
Zula Casino launched its online social casino in the US exactly a year ago delivering more. More games. More rewards. More free-to-play entertainment through a personalized experience. Zula Casino marked its one-year launch by crossing the 1000 casino-game threshold – a milestone that positions it among the top platforms nationwide.
The month-long birthday bash intends to go over the top to give back to its amazing player community that helped make this first year so incredible. With its advent calendar format, players can unlock a special surprise each day ranging from a “Win-a-Vacation” event, a carnival event, free spins and new exclusive games, and a prize pool of over 25 billion Gold Coins (GC) plus 150,000 Sweeps Coins (SC) to be given out throughout the month. Over this period, Zula Casino will run other special events, including surprise happy hours with special coupons, various social media contests, and special giveaways.
“We’re incredibly proud of the player experience we’ve built over the last 12 months. The platform has garnered a substantial and loyal pool of players, and it’s not just because we offer one of the largest game selections from leading global providers, but also the exclusive experiences we’re providing, and the platform’s continued evolution with enhanced promotions, personalization, and seamless user experience,” said Tamar Laypan, Program Manager of Zula Casino.
Zula Casino has added over 1000 games across all categories over the past 12 months, including slots, jackpots, fish, table, plinko, megaways, crash, hold and win, tumble games, and more. These additions include top games like Big Bass Vegas and Fire Stampede, as well as branded exclusives like Gold Gold Gold 5000, supplied by Booming Games, and Sweet Bonanza 1000 by Pragmatic Play. With recent additions, Zula Casino now boasts 25 game providers, including Relax Gaming, Habanero, Evoplay, Pragmatic Play, RubyPlay, Gamzix, Let Us Entertain You Inc., to name a few.
Zula Casino flourished in a tough and highly competitive market, launching its proprietary-integrated platform in September of last year. With an average TrustPilot score of 4.6 and almost 9K reviews, the online social casino is among the highest-rated free-to-play sites in the market.
Zula Casino was also previously shortlisted for the prestigious Global SBC Awards in the category of “Rising Star in Casino”.
NCPG has announced the appointment of Diana Goode to the National Council on Problem Gambling’s Board of Directors. Diana, who has served as the Executive Director of the Connecticut Council on Problem Gambling (CCPG) since May 2018, brings over 25 years of nonprofit leadership experience to this role.
In her time with CCPG, Diana has championed initiatives that address problem gambling and promote responsible gaming across Connecticut. Additionally, she has played an active role on the NCPG Affiliates Committee, contributing valuable insights from her years of experience.
Before joining CCPG, Diana held executive roles in nonprofits focusing on poverty alleviation and financial literacy in Connecticut. Her academic credentials include a degree from Dartmouth College and an MBA in Finance and Marketing from the University of Connecticut. She resides in the Greater Hartford area, where she remains deeply engaged in her community.
Diana will serve an interim appointment in the Affiliates seat on the NCPG Board of Directors until Spring 2025.
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