Gambling in the USA
Game Play Network Closes Additional Financing to Accelerate Growth
Game Play Network, Inc. announced the closing of a new round of funding with strategic investments by HG Vora and other investors in the gaming and entertainment industry. This additional capital will enable the company to accelerate the expansion of its B2B business through strategic partnerships across a number of platform distribution models and business verticals.
GPN is a licensed gaming company with a patented technology platform that gives the vast majority of the U.S. the immediate, unrivaled ability to play casino and social games for real money, reaching 40% more of the population than other iGaming companies today.
With the addition of real money casino games, the most popular and profitable form of gambling, GPNâs iGaming strategic partners can leverage their marketing engines and large customer bases to expand quickly across the country, lower their customer acquisition costs and increase the profitability of their players.
âHG Vora Capital is excited to make our initial investment in Game Play Network, a truly innovative company in the digital gaming space that opens large iGaming and other market opportunities for its B2B partners,â said Parag Vora, HG Voraâs founder and portfolio manager. âBased on our experience investing across the gaming ecosystem, we see great potential for GPN to create mutually beneficial partnerships in the space.â
GPN also announced today plans to enter into a strategic partnership with SuperDraft, the daily fantasy platform partnered with Caesars Entertainment Inc., which will give SuperDraft the opportunity to materially advance its online gaming vision to provide a well-rounded portfolio of DFS, sports betting and iGaming products in 22 states currently (more than any other sports betting site in the country) with plans to expand into even more states in the near future.
âWe are grateful to HG Vora, our other investors and our strategic partners who have supported our vision to allow the majority of the country to enjoy a legal way to play casino and social games for real money,â said David Marshall, Game Play Networkâs CEO and Co-Founder.
In addition to the digital application of its patented gaming platform, GPN plans to expand via gaming floors and lounges across the country whereby specially designed machines, free standing kiosks and table top display cases will be placed at racetracks, sporting venues, casinos, restaurants, bars, hotels and other locations in order to provide an additional source of entertainment, advertising and revenue for its distribution partners and the host locations.
Gambling in the USA
Detroit Casinos Report $101.98M in September Revenue
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 casinosâ revenue for table games and slots for the month of September 2024 increased 1.2% when compared to the same month last year. Septemberâs monthly revenue was 8.6% lower when compared to the previous month, August 2024. From Jan. 1 through Sept. 30, the Detroit casinosâ table games and slots revenue increased by 1.0% compared to the same period last year.
The casinosâ 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 âZula-versaryâ 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 â 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 âWin-a-Vacationâ 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.
âWeâre incredibly proud of the player experience weâve built over the last 12 months. The platform has garnered a substantial and loyal pool of players, and itâs not just because we offer one of the largest game selections from leading global providers, but also the exclusive experiences weâre providing, and the platformâs continued evolution with enhanced promotions, personalization, and seamless user experience,â 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 âRising Star in Casinoâ.
Gambling in the USA
NCPG Welcomes Diana Goode to the Board of Directors
NCPG has announced the appointment of Diana Goode to the National Council on Problem Gamblingâs 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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