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JACKPOT.COM LAUNCHES IN MASSACHUSETTS

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JACKPOT.COM LAUNCHES IN MASSACHUSETTS

 

Jackpot.com, the leading lottery app and website that allows customers to securely buy official state lottery tickets and collect winnings directly from their phone, desktop, or tablet, announced its launch in Massachusetts.

Customers in Massachusetts can now say goodbye to time spent waiting in line, searching for lost tickets, and missing out on prize money. Jackpot.com’s platform gives customers a better experience across all stages of play – from buying tickets, to notifying customers when they win, to securely transferring winnings immediately into their account.

Jackpot.com will offer Powerball, Mega Millions, Mass Cash, and Lucky for Life tickets, with more games to be included in the near future. To celebrate the Massachusetts launch, customers can receive a free ticket by entering promo code MASS on their first play.

“We’re excited to bring Jackpot.com to Massachusetts and offer customers a better experience to get in on the fun and try their luck on a winning ticket,” said Akshay Khanna, Jackpot.com CEO & co-founder. “Every year, billions of dollars from the lottery go unclaimed due to lost tickets or otherwise. When you play the lottery with Jackpot.com on your phone, tablet, or computer, there’s no missing out on jackpots and your winnings are instantly transferred to you.”

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Jackpot.com’s recent expansion across the United States is quickly transforming the one hundred billion dollar lottery industry. The company operates in Texas, New York, and Ohio, and boasts investments from major players in sports, entertainment, and gaming, including Massachusetts institutions such as the Kraft Group, Fenway Sports Group President Mike Gordon, Former Red Sox GM Theo Epstein, and Boston Red Sox President and CEO Sam Kennedy.

Jackpot.com’s growth and adoption across states with the biggest lotteries in the country, including Massachusetts, is ushering in a new era. Its progressive platform not only modernizes how to play, but also empowers customers to play responsibly, with industry-leading safeguards and technology to identify problematic gaming.

Jackpot.com sets a new standard for responsible gaming and leverages safety guardrails and modern conveniences that are distinctive to digital platforms. The company has invested significantly in responsible gaming protections by setting default limits on daily deposits, providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help if problematic behavior is detected. These investments helped Jackpot.com become the only lottery courier service to launch with iCap certification from the National Council on Problem Gambling.

Since its founding in 1972, the Massachusetts Lottery has generated over $149 billion in revenues, awarded over $105 billion in prizes, and contributed more than $32 billion in net profit for unrestricted local aid for cities and towns in the Commonwealth.

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MGM Resorts Named a Proud Partner of the New York Yankees

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MGM Resorts International announced a new partnership designating MGM Resorts as a “Proud Partner of the New York Yankees”.

The two organizations will collaborate to deliver exclusive VIP experiences to MGM Rewards members and baseball fans, including the opportunity to watch batting practice from the warning track and throw out a ceremonial first pitch at Yankee Stadium. MGM Resorts will also have brand placement at Yankee Stadium on LED signage, first and third base rotational signage, and its logo appearing on the back of the pitcher’s mound during live local television broadcasts of select games.

“We remain committed to investing in the community, while collaborating with the New York Yankees to provide unparalleled experiences for baseball fans. Our company has owned and operated Empire City Casino and Yonkers Raceway for the past five years. As we continue working to secure a full commercial casino license at Empire City, this partnership allows us to further develop these properties to their potential, while providing the world-class hospitality guests have come to expect from the MGM Resorts brand,” Bill Hornbuckle, CEO & President of MGM Resorts, said.

“We are excited to partner with MGM Resorts this season. Through branding displayed on signage inside Yankee Stadium and integrated into our television broadcasts, the MGM Resorts brand will only see increased exposure and recognition for its resort and casino properties— especially for the nearby Empire City Casino,” Michael Tusiani, SVP of Partnerships at New York Yankees, said.

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As this partnership moves forward, MGM Resorts’ Empire City Casino plans to host New York Yankees-themed fan activities and experiences involving active Major League Baseball players, as well as alumni.

Ed Domingo, President and COO of MGM Resorts’ Empire City Casino, said: “This alliance with the Yankees allows us to create unique and engaging opportunities for guests and baseball fans alike. Empire City sits less than two miles from the Bronx border and is not only the gaming entertainment destination of choice for Bronxites, but also the longtime employer of hundreds of team members who call the Bronx home. We are well positioned to significantly increase that number when a full-scale commercial casino license is secured.”

In November 2018, MGM Resorts and Major League Baseball formed a wide-ranging and groundbreaking partnership in the US and Japan, designating MGM Resorts as the first “Official Gaming Partner of MLB” and “Official Entertainment Partner of MLB”. Additionally, MGM Resorts has been an “Official Partner of MLB Players Inc” since 2022.

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Super Group Announces Exit from U.S. Sportsbook Markets

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Super Group, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, announced that, following the completion of an extensive internal review, the company intends to undertake an exit plan for its sportsbook product in the US.

The company, along with relevant regulators and partners, will shortly begin the process to fully close its U.S. sportsbook operations in the nine states in which it is currently live. Super Group will, however, maintain its iGaming presence in the US and plans to operate two iGaming brands from its Spin portfolio (including Jackpot City) in both New Jersey and Pennsylvania.

Chief Executive Officer Neal Menashe said: “As a global business, we constantly evaluate the optimal use of our resources across all markets in which we operate. We have recently concluded an extensive review of our U.S. operations and, at present, we do not see a long-term path to profitability for the sportsbook product.

“The vast majority of Super Group’s revenue is generated in iGaming and, in line with that strategy, we will continue to offer our leading casino product in New Jersey and Pennsylvania. We are open to expanding our U.S. footprint if the right investment or strategic opportunities arise.”

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Funds Advised by Apax Partners LLP Fully Exit their Equity Position in Genius Sports

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Genius Sports Limited announced that Funds advised by Apax Partners LLP (Apax Funds) have fully monetized their equity interest in Genius Sports and no longer holds any shares in the Company. The Apax Funds first acquired a majority interest in Genius Sports in September 2018 and have supported the Company through a period of transformational growth over the last six years.

“Apax has been a tremendous partner to Genius Sports, and we are grateful for their valuable insight and expertise over the last six years. Today marks the conclusion of a very successful partnership, and we look forward to welcoming this next chapter with the ongoing support of our high-quality institutional shareholders,” Mark Locke, Co-Founder and CEO of Genius Sports, said.

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