Home Blog

Nevada Casinos to Operate at 100% Capacity from June 1

0
Nevada Casinos to Operate at 100% Capacity from June 1

 

Nevada Gov. Steve Sisolak has announced that the casinos in the state can operate at full capacity from June 1.

Nevada is one of the leading tourist destinations in the world and has dramatically suffered due to the coronavirus pandemic. At one point last year, the entire state was shut down for three months until mid-June. But even then capacity limits were in place and hotel casinos were begging to return to full capacity.

Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, said the vaccines played a huge role.

“The wide availability and rapid administration of vaccines will allow our valued events industry to reconvene with confidence and in its entirety. Las Vegas will continue providing the gold standard for health, wellness and safety precautions for the benefit of its workforce, the community and our visitors,” Hill said in a statement.

Caesars Entertainment also released a statement saying: “We are grateful for Governor Sisolak’s continued, thoughtful leadership and are heartened by his goal to reopen Nevada at 100% capacity by June 1. We strongly encourage all Caesars Entertainment Team Members to get vaccinated and are continuing to provide free and convenient COVID-19 vaccines.”

Sisolak finally relented in the wake of decreasing COVID-19 cases combined with more than three months of successful vaccinations going on.

Nevada is currently at 50% capacity, although some of the resort corridors have featured shoulder-to-shoulder traffic on recent weekends.

“Nevada, we are closer to the end than the beginning,” Sisolak said.

Sisolak also said the state would transition the social distancing mandate to individual counties beginning May 1 because “each county in Nevada is unique and has different factors to consider: rural or urban settings, community transmission rates in the area, and vaccine administration, among a few. This is one of the best measures I can take as your governor to increase flexibility and remove roadblocks for local authorities as they take over authority of mitigation measures.”

Sisolak said the introduction of the vaccines “changed the game,” and led to his decision after months of being conservative and erring on the side of caution.

ArizonaCasinos.com Projects $252 Million Sports Betting Market In The Grand Canyon State

0
47 Million Americans to Wager on March Madness as Legal Sports Betting Booms

 

Following the passage of Arizona’s sports betting bill (House Bill 2772), ArizonaCasinos.com projects that the state at full maturity could produce $252 million in annual revenue. Using the minimum tax rate of 8% outlined in Arizona’s bill, that projection would yield $20,160,000 in yearly tax revenue for the state General Fund.

Under Arizona’s landmark sports betting bill, up to 20 different sports betting operators could offer betting platforms in the Grand Canyon State. Tribal casinos, sports franchises, and sporting venues in the state will all be eligible to apply for operating licenses.

Geoff Fisk, Senior Analyst for ArizonaCasinos.com, said, “Arizona has all the pieces in place to evolve as a successful sports betting market. Phoenix is one of the best sports cities in the US, and the state hosts a thriving tribal casino industry. Lawmakers went all-out in the effort to make Arizona a major sports betting hub. With 20 licenses up for grabs, we’ll see all of the biggest names in the industry want a piece of the Arizona market.

The $252 million annual revenue projection was reached through careful analysis of other US and international sports betting markets. Though 20 licenses will be allowed by Arizona’s law, it coil take multiple years for every license to be granted. In the first 6-12 months of Arizona sports betting, ArizonaCasinos.com projects 8-12 licenses will be granted, allowing operators to launch quickly in response to final regulations.

Sportsbook operators are already gearing up for an Arizona launch. FanDuel announced a partnership with the Phoenix Suns NBA franchise, which includes plans for retail and online sports betting. DraftKings partnered with the PGA Tour and announced plans to build a retail sportsbook at TPC Scottsdale in addition to launching an online platform.

Fisk continued: “The professional sports partnerships make so much sense. Arizona’s franchises are fully embracing sports betting, and those fan bases will do the same. That effect will boost the state’s industry as a whole, including the mobile-only sportsbooks operated by the tribal casinos.”

 

SOURCE ArizonaCasinos.com

2021 Federal Budget Assistance for Canadian Gaming Industry

0
2021 Federal Budget Assistance for Canadian Gaming Industry

 

The 2021 federal budget released yesterday outlines a $12 billion plan to extend key COVID-19 business programs and commits to continue other income support measures while planning for the reopening of society and international borders.

The government is also planning to extend the federal wage and rent subsidies and lockdown supports. Originally set to expire in June, the supports will now be available through September, as well the Canada Recovery Benefit aimed at people who aren’t covered by employment insurance (EI), though the $500-a-week support will drop to $300 per week after July 17.

Billions more is being earmarked to support affected workers though a range of steps, including a series of changes to the EI program, which includes extending the EI sickness benefit from 15 to 26 weeks and continuing to offer COVID-19-prompted caregiving supports in the short-term.

Canada Emergency Wage Subsidy (CEWS) & Canada Emergency Rent Subsidy (CERS)

The 2021 Federal budget proposes the extension of the wage and rent subsidies until September 25, 2021, with potential until November 20, 2021. It also proposes to gradually decrease the subsidy rate, beginning July 4, 2021, in order to ensure an orderly phase out in tandem with vaccinations.

The general consensus in the entertainment, tourism and hospitality industries is that while we welcome this news, the extension doesn’t go far enough to support industries that have barely reopened and may not be fully open by November. The CGA has been advocating for an extension to at least end of 2021, and we will continue to work to ensure our industry receives continued support.

Regional Relief and Recovery Fund

$500 million Tourism Relief Fund, administered by the regional development agencies to support investments by local tourism businesses in adapting to the pandemic.
$200 million through the regional development agencies to support major festivals and $200 million through Canadian Heritage to support local festivals, community cultural events, outdoor theatre performances, heritage celebrations, local museums, amateur sport events, and more.
Extension of the application deadline for similar support under the Regional Relief and Recovery Fund and the Indigenous Business Initiative until June 30, 2021. Budget 2021 proposes to provide up to $80 million in 2021-22 on a cash basis, for the regional development agencies, and to shift remaining funds under the Indigenous Business Initiative into 2021-22, to support an extended application deadline for the RRRF and Indigenous Business Initiative until June 30, 2021. This would support small businesses in rural communities so that they can continue to serve local populations.

Genius Sports Closes Business Combination with dMY Technology Group, Inc. II and Will Begin Trading on the New York Stock Exchange

0
Genius Sports Closes Business Combination with dMY Technology Group, Inc. II and Will Begin Trading on the New York Stock Exchange

 

Genius Sports Group (“GSG”) the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media, announced today that it has completed its previously announced business combination (the “Business Combination”) with dMY Technology Group, Inc. II (“dMY II”). The Business Combination was approved at a special meeting of dMY II’s stockholders held Friday, April 16.

Upon completion of the Business Combination, the combined company changed its name to Genius Sports Limited (“Genius Sports” or “the Company”). Beginning on Wednesday, April 21, 2021, Genius Sports’ ordinary shares and warrants will trade on the New York Stock Exchange (the “NYSE”) under the ticker symbols “GENI” and “GENI WS”, respectively. With over $145 million in cash and no financial debt on the balance sheet, Genius Sports is poised to continue to capitalize on the considerable growth expected in the global online sports betting market.

GSG is a leading provider of sports data and technology powering the sports, betting and media ecosystem. Genius Sports acquires data from sports events around the world and supplies it to sports betting operators, providing them with secure, high-quality, mission critical data and content that helps them better engage with and protect their customers. The Company is an innovator with a leading portfolio of rights to official data – the feed of live sports statistics that is sanctioned, and otherwise owned, by the relevant governing league. Genius Sports provides data on over 240,000 events each year – effectively every hour of every day – and is the official provider for over 150,000 of these events. The Company also provides digital marketing and engagement for the world of sport, empowering brands to activate fans across the globe with personalised, multi-channel content.

Genius Sports’ scale, access to official data, and innovative technology platform differentiate it within the industry. The Company maintains long-term partnerships with over 400 sports organizations globally, including the NFL, NBA, NCAA, FIBA, FIFA, EPL and NASCAR. Its proprietary technology and data feeds are mission critical to the success of its sportsbook partners.

“As Genius Sports enters an exciting new chapter in its history, we are uniquely positioned at the heart of the world’s sports, betting and media ecosystem,” said Mark Locke, Chief Executive Officer and Co-Founder of Genius Sports. “Our merger with dMY II and listing on the NYSE are a testament to the enormous opportunity ahead of us as we leverage our unique scale, drive innovation and deliver products that help our partners create new and immersive experiences for sports fans around the world.”

“With its proprietary technology, unparalleled access to data and growing network of partnerships, GSG is powering the global sports, betting and media ecosystem,” said Niccolo de Masi, Chief Executive Officer of dMY Technology Group. “What’s more, the company benefits from a strong competitive moat and clear, promising growth opportunities that should drive compelling value for shareholders over the long-term.”

As previously announced, Mark Locke will continue to lead the business as Chief Executive Officer. Locke will be supported by a deep bench of talent with substantial experience across finance, technology and the sports betting industry. The Board of Directors will initially consist of eight members, including Mark Locke; Chairman David Levy; dMY II’s Chairman Harry You and CEO Niccolo de Masi; Apax Partners’ Albert Costa Centena, Gabriele Cipparrone and Roxana Mirica; and Oakvale Capital’s Daniel Burns.

BCLC Licenses GameSense to BetMGM

0
BCLC Licenses GameSense to BetMGM

 

First Deal of its Kind with a U.S. Online Gambling and Sports-Betting Operator

BCLC announced today that GameSense, its industry leading player-focused education program, will expand its support to players thanks to a new licensing agreement with BetMGM: a leading U.S.-based online gambling operator.

The agreement marks the first time an online gambling operator in the United States will utilize GameSense, a player-health program developed by BCLC and integrated into its products, marketing and distribution channels, including on PlayNow.com.

“BCLC is so pleased that our forward-thinking approach to player health through our GameSense program continues to be adopted by other jurisdictions,” said BCLC Interim CEO and President Lynda Cavanaugh. “Through this new agreement, BCLC looks forward to working with BetMGM to share best practices and new learnings as we continuously evolve our understanding and approach to online player-health supports.”

GameSense is BCLC’s player-facing, positive-play program designed to assist players in making informed choices. Launched in 2009, GameSense aims to improve player trust, awareness and education using research-based guidelines and best practices, including access to player-health specialists online, over the phone and in every casino and community gaming centre in B.C.

The integration of GameSense within BetMGM is an extension of BCLC’s longstanding relationship with MGM Resorts: MGM Resorts first launched GameSense at its U.S. properties in 2017 and it’s currently offered at 17 of MGM Resorts’ U.S. properties.

“As the mobile gaming industry in the U.S. continues to grow, responsible gambling is a key focus for BetMGM and is critically important for the industry as a whole,” said Adam Greenblatt, Chief Executive Officer, BetMGM. “GameSense presents a forward-thinking approach to responsible gambling. We look forward to empowering our players with a proven program, designed to help support a positive gambling experience.”

PokerGo® Reaches New Multi-Year Television Agreement With CBS Sports

0
PokerGo® Reaches New Multi-Year Television Agreement With CBS Sports

 

CBS Sports announced a new multi-year rights agreement with PokerGO as its new television partner for the World Series of Poker Main Event and select WSOP Bracelet Events.

Beginning in 2021, CBS Sports Network will be the exclusive domestic television home of the WSOP, featuring 15 hours of Main Event coverage and 36 hours of 18 additional Gold Bracelet events, easily marking a new high for the historic poker festival.

CBS Sports and the WSOP rekindle a past partnership with this deal.  It was CBS Sports who first broadcast poker in the U.S. and the WSOP Main Event on its CBS SPORTS SPECTACULAR program throughout the mid-1970s.

“CBS Sports has long been a pioneer in covering a broad range of championship sports,” said Ty Stewart, WSOP Executive Director. “We couldn’t be more excited to see increased television coverage of the WSOP in the coming years and benefit from their growing media platforms.”

“Following our past success with PokerGO, we are excited to expand our relationship with the highest-profile and richest event in competitive tournament poker featuring the best players in the world,” said Dan Weinberg, Executive Vice President of Programming, CBS Sports.  “This deal fits perfectly in our strategy to combine best-in-class events with our CBS Sports brand.”

Additional coverage details will be announced in the coming months with the release of the full WSOP schedule, as well as coverage across other ViacomCBS platforms, including Paramount +.

SOURCE Caesars Entertainment

Rivers Casino Philadelphia Names Justin Moore as General Manager

0
Rivers Casino Philadelphia Names Justin Moore as General Manager

 

Rush Street Gaming has announced that Justin Moore, former general manager of Rivers Casino & Resort Schenectady, has been named general manager of Rivers Casino Philadelphia, pending approval from the Pennsylvania Gaming Control Board.

Justin joined Rivers in Schenectady soon after the property opened in 2017. He helped establish the Rivers Casino brand in a new and competitive market, operated The Landing Hotel, and debuted New York’s first sportsbook—all while leading dynamic teams and earning a market-leading position.

Before joining Rush Street, Justin spent 16 years working in Nevada at various casinos and resorts, beginning as a food server in Mesquite and eventually serving as vice president and assistant general manager at Green Valley Ranch Resort & Casino.

“Rush Street’s accelerated growth in destination and online gaming has created more opportunities for career development inside the company. After a successful four-year term in Upstate New York, we’re very pleased to welcome Justin to Philly,” Greg Carlin, CEO of Rush Street Gaming and Rivers Casino, said.

“Eleven years after opening, Rivers Philly has a large number of day-one employees, which speaks volumes about their commitment to the property. I’m excited for this new opportunity and proud to remain in the Rush Street family—thanks to our Team Members in Schenectady and in Philly for their continued support,” Moore said.

FanDuel Partners with Phoenix Suns

0
FanDuel Partners with Phoenix Suns

 

With the historic decision by the Arizona State Legislature and Governor Doug Ducey to pass legislation that legalizes fantasy sports and sports wagering within the state, Phoenix Suns and FanDuel Group have announced a multi-year market access partnership designating America’s #1 Sportsbook operator as the Suns’ Official Sportsbook and Daily Fantasy Sports Partner.

As part of this new commercial arrangement, FanDuel will open a luxury sportsbook retail location inside the Phoenix Suns Arena. The sportsbook is expected to be completed in time for the 2021-22 NBA season.

FanDuel will also bring its industry-leading daily fantasy Sports product to Arizona later this year. Designed for the everyday fan, FanDuel’s fantasy sports app offers boundless options in daily, weekly or season-long contests with cash prizes.

“This is a watershed moment for the Suns organization and our fans. FanDuel is the perfect partner as our missions are fully aligned. Simply put, FanDuel is committed to making sports more exciting while the Suns are focused on delivering exciting sports and entertainment and engaging fans at the highest level possible,” Jason Rowley, President & CEO of Phoenix Suns, said.

“As we gear up to bring our best-in-class online and retail offerings to the state of Arizona, this is a momentous time for FanDuel, the Suns, and Suns fans alike. We’re excited to open a luxury sportsbook within Phoenix Suns Arena, as the beginning of a long-term and innovative collaboration that will have a lasting impact on the state,” Mike Raffensperger, CMO of FanDuel Group, said.

Betsson Acquires 50% Stake in JDP Tech Ltd

0
Betsson Acquires 50% Stake in JDP Tech Ltd

 

Betsson Perch Investments AB, a subsidiary of Betsson AB (publ) (Betsson), has acquired a 50% stake in the software development company JDP Tech Ltd, which owns a proprietary technology platform for handling LatAm payments. The consideration payable for the shares amounts to EUR 8.8 million. This allows Betsson to secure customer payment flows for the continued expansion in Latin America.

In addition to the newly announced partnership agreement in Mexico, Betsson has been active in the LatAm region mainly in Peru, Brazil (acquisition of Suaposta), and Colombia (acquisition of Colbet). Furthermore, Betsson is in the process of obtaining a license for both the Province and City of Buenos Aires. This acquisition will strengthen Betsson’s position even further and support its growth strategy in the LatAm region.

“LatAm is a strategically important region for Betsson and we see great future potential for the company there. With this strategic investment Betsson is well positioned to further expand our business in the LatAm iGaming market,” Pontus Lindwall, CEO of Betsson AB, said.

257FansLike
87FollowersFollow

Recent Posts