Gambling in the USA
Fair taxes will help US market reach maximum potential, says Evolution’s Todd Haushalter
Evolution’s Chief Product Officer Todd Haushalter believes that regulators overseeing the nascent online betting and gaming industry in the United States should take a leaf out of the land-based sector’s playbook.
Amid a whirl of M&A activity on behalf of suppliers to the US industry, Haushalter compared the current state of the market with the .com boom of the late 1990s and early 21st Century.
However, the live casino specialist predicted that the iGaming revolution in the US can prove to be every bit as successful as its most optimistic proponents expect as it rolls out from state to state.
That is, provided that taxation levels do not become prohibitive in order to free up suppliers to innovate and serve players with the best possible range of products.
Nevada taxes brick-and-mortar casinos at a maximum rate of 6.75% of GGR, comparing favourably with New York’s current 51% tax imposed on GGR from sports betting.
Haushalter said: “’Feverish’ or ‘frenzy’ are the first words that come to mind when it comes to describing the market as things stand. The excitement around the business is incredibly high and it reminds me of the early days of the .com boom.
“Everyone knows that online gaming will be massive in America, since this is the world’s largest gaming market already. As a result of this, we are seeing many companies investing heavily today to secure their place in the future of online gaming.
“What is needed now is the same thing that made the great land-based markets flourish – low gaming taxes and a great offering. Nevada and New Jersey have the lowest gaming tax rates in America and inevitably have seen the most investment. They also offer everything a tourist could ask for.
“In online gaming that means offering the full range of sports betting, all types of slots, skill-based games, table games, and of course Live Casino with its innovative game shows.”
Las Vegas-based Haushalter will make the trip east to speak at the upcoming boutique and investment event iGaming NEXT New York City ’22, which takes place on May 12-13, 2022, in Manhattan.
Delegates at the event will be educated on what is happening on the ground in the US, with tracks focusing on investment opportunities within the industry, as well as the convergence between iGaming and the metaverse and the consequent opportunities this will present.
Gambling in the USA
Games Global Launches Custom Slot Game Caesars Palace Frenzy with Caesars Digital
Launch marks the first bespoke game launch in the partnership between gaming operator and premier gaming provider
Games Global today announced the exclusive launch of Caesars Palace Frenzy, a Caesars-branded slot title that marks the first bespoke game launch on behalf of Games Global’s partnership with premier gaming operator Caesars Digital. Caesars Palace Frenzy is now exclusively live on Caesars Palace Online Casino in New Jersey with plans to expand to Michigan and Pennsylvania, offering players another highly engaging, operator-specific gaming experience with iconic Caesars Palace branding.
Caesars Palace Frenzy combines the excitement of the Las Vegas Strip’s iconic casino with innovative gaming dynamics crafted by Games Global. Designed exclusively for Caesars Digital online casino players, this game delivers an online slot experience with engaging gameplay, sophisticated graphics and dynamic features like scatter pays, multiplied free spins selected by a concentric wheel and a seven-tier jackpot line-up.
This launch demonstrates Games Global’s continued emphasis on partnering with top iGaming operators to deliver exclusive and custom gaming products to players.
“Working closely with Caesars Digital to create Caesars Palace Frenzy has been an exciting journey,” the Chief Executive Officer for Games Global, Walter Bugno, said. “This game is more than just an online slot experience, it is an adventure that mirrors the thrill and grandeur of one of the world’s most iconic destinations. We’re thrilled to see it come to life and deliver a unique blend of entertainment and gaming.”
“We’re committed to collaborating with top gaming providers to launch custom online casino experiences for our players that can’t be found anywhere else,” the Senior Vice-President and Chief iGaming Officer for Caesars Digital, Matt Sunderland, said. “Caesars Palace Frenzy delivers on that commitment by providing an elevated gaming experience that we’re certain our players will enjoy.”
The Alabama-Coushatta Tribe of Texas has announced the plans to build a brand-new casino resort on its Tribal lands in Polk County.
“We are incredibly excited to embark on this new chapter. This new casino resort will not only provide significant economic benefits for those living and working in the region, but it will also become a vibrant destination for visitors,” Ricky Sylestine, Chairman of the Tribal Council, said.
While specific details are still being finalized, the new resort may offer a variety of amenities including a state-of-the-art casino floor, hotel accommodations, and diverse dining and entertainment options.
The Tribe has engaged the architectural firm FFKR to design the new resort. FFKR is known for its innovative and creative designs. The Tribe is confident the firm will create a truly exceptional destination.
In addition to the new casino resort, the Tribe is planning an extensive remodel to its existing Ischoopa/One Stop Convenience Store and Truck Stop. The remodel will include adding electronic bingo machines.
The Alabama-Coushatta Tribe of Texas will be releasing news related to the new resort and any additional developments in the coming months.
BetConstruct, a leading company in iGaming technology and services, is heading to Sigma Americas in Sao Paulo, Brazil from April 23-25, 2024.
Sigma Americas is a major event focusing on iGaming with 10,000 delegations and more than 200 professional speakers. This event serves as an exceptional platform for participants to present their innovative offerings, engage with fellow industry leaders, and establish new business relationships.
BetConstruct is poised to introduce its cutting-edge products and solutions to the growing Brazilian market at the upcoming event. As a premier provider of online iGaming solutions, the company will showcase its comprehensive range of services to all attendees, offering diverse solutions tailored to meet their specific needs and preferences.
Moreover, BetConstruct will demonstrate its newest Spettacolare offer by Mr. First, which is a fleeting opportunity to maximise user profits and explore the potential of FTN.
Attendees of the event can find BetConstruct in the Transamerica Expo Center at Stand O60, where they will have the opportunity to gain a comprehensive understanding of BetConstruct’s products and solutions.
-
Latest News2 days agoXpoint Launches Groundbreaking New Capability to Reduce Geolocation Costs for Operators
-
Industry News7 days agoJennifer Shatley Joins ROGA as Executive Director
-
Canada7 days agoGiG increases Ontario market presence, powering the launch of Casino Time
-
Latest News6 days agoOdditt Appoints Elaine Milardo as its New Chief Technology Officer
-
Gambling in the USA7 days agoPlay’n GO announces expansion of BetMGM partnership with Pennsylvania launch
-
Latin America7 days agoBetby Forges Strategic Partnership With Latam Powerhouse Cactus Gaming
-
Latest News7 days agoAEG and Yaamava’ Resort & Casino at San Manuel Announce 16th Year in Partnership, Shaping the Future of Sports and Live Entertainment Across Southern California
-
Latest News6 days agoBroadcast Legend Mike Francesa Renews Exclusive Partnership with BetRivers