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Mississippi discussed lottery plans

George Miller

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Mississippi discussed lottery plans
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The state’s committee held its last meeting to discuss if a lottery in Mississippi would be profitable.

 

The committee that has been studying the possibility of bringing a lottery to Mississippi held its last meeting last Thursday. According to estimations made by a state econimist, a lottery would eventually bring between US$82 and US$94 million annually in revenue.

Darrin Webb and other economists shared their thoughts and projections on what a lottery could bring to Mississippi. The meeting held last week is believed to be the last one from the study committee formed by House Speaker Philip Gunn, R-Clinton.

Webb told the nine-member panel that whilst it would bring significant revenue, a lottery would shift money away from retail sales: “It would create a slight decrease in total economic activity within the state,” he said and commented that sales would come from a loss in existing activity and that leakages would exist because of the state’s contribution to multi-state lottery payouts and operation costs.

The economist said that a lottery would bring US$101 to US$116 million to Mississippi’s general fund and would cost US$18.8 to US$22 million to retail sales tax collections. State Rep. Richard Bennett, R-Long Beach added that the information would be compiled in a report in December and would be available for legislators to read when the 2018 session starts in January. “We are presenting a report on the facts, not making a recommendation one way or another on a lottery,” said Bennett.

Larry Gregory, director of the Mississippi Gaming and Hospitality Association, added: “Mississippi’s regulated commercial casino gaming industry, which has operate successfully for 25 years, has been limited to adults at least 21 years old in counties along the Mississippi River and the Gulf Coast. A lottery would spread its form of gambling to every community of our state with a minimum age of 18. This would be a seismic shift in Mississippi’s public policy on gambling.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Sports Betting Revenue of West Virginia Increases in May

Niji Narayan

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Sports Betting Revenue of West Virginia Increases in May
Photo Source: wvpublic.org
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Sports betting revenue in West Virginia has increased by 69% in May to $937,065, while amounts wagered rose 4%.

The Penn National Gaming-operated Hollywood Casino remains the leading venue in the state generating $672,070 in revenue from $7.64m staked. Eldorado Resorts’ Mountaineer Casino ranked second with revenue of $222,736 and total wagers of $2.84m.

Delaware North’s Wheeling Island Hotel-Casino-Racetrack and Mardi Gras Casino did not accept any wagers again last month as its sportsbooks remained closed. Neither casino has processed any sports bets since early March. However, both the Wheeling Island Hotel-Casino-Racetrack and Mardi Gras Casino paid out on a number of bets placed prior to the split, leaving them with minor losses for the month.

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Gambling in the USA

SugarHouse Casino to Change Name as Rivers Casino Philadelphia

Niji Narayan

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SugarHouse Casino to Change Name as Rivers Casino Philadelphia
Photo Source: visitphilly.com
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SugarHouse casino is going to change its name as Rivers Casino Philadelphia. Greg Carlin, CEO of the casino’s parent company Rush Street Gaming said it was a corporate decision, to unify all their casinos under the same name.

“This is something we’ve been thinking about for quite a while. I think we are at the point in our company’s history where it makes sense to have a unified brand. All our properties and markets, especially with the advent of online gaming, we think it makes a lot of sense,” Greg Carlin said.

Carlin said the change will not happen overnight because they have a great deal more work to do.

“We’re going to buy all new chips, change all the signage, all the shirts, all of the business cards — it’s a long list of things that need to be swapped out. Not only that we’re upgrading the property, but we’re also going to add a state of the art sports book. We’re redoing one of the restaurants. We’re re-carpeting the original casino floor. We’re changing the decorations, we don’t want this just to be a name change, we’re really changing the property as well,” Carlin added.

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Gambling in the USA

Intralot Announces New Board Of Directors For Its U.S. Subsidiary

George Miller

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Intralot Announces New Board Of Directors For Its Us Subsidiary
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INTRALOT announces the appointment of a new Board of Directors at its fully owned US subsidiary, INTRALOT Inc. to include three new Independent Directors.

  • Ambassador (Ret.) Thomas Miller, Non-Executive Chairman and Independent Director
  • Mr. Daniel Rappaport, Non-Executive Vice-Chairman and Independent Director
  • Mr. Nicholas Mitropoulos, Independent Director
  • Mr. Byron Boothe, Director and Interim CEO, INTRALOT Inc.
  • Mr. Nikolaos Nikolakopoulos, Director and INTRALOT Group Deputy CEO

INTRALOT Group Chairman and CEO Mr. Sokratis Kokkalis stated: “I am very pleased to welcome three very senior Independent Directors at the Board of INTRALOT Inc. joining a very experienced team, in support of our efforts to strengthen corporate governance as a driver for growth and customer satisfaction.”

Thomas Miller is a former American diplomat and three-times U.S. Ambassador, including ambassadorships in Greece, Bosnia-Herzegovina, and as Cyprus negotiator. He has also served as CEO of Plan International, a UK-based NGO, working to help children in developing countries; President/CEO of International Executive Services Corps (IESC); President of the United Nations Association; Chairman of the International Commission of Missing Persons (ICMP); and a board member of The Partnership for a Secure America. He is a member of the Council on Foreign Relations.

Daniel Rappaport has served as Chairman of the Board/CEO of the New York Mercantile Exchange (NYMEX); member of the National Petroleum Council (NPC); and member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee. He served as a board member of the Futures Industry Institute, a trustee on the Board of Trustees of New York Law School, and as an appointment of the Governor of the State of Connecticut on the board of directors of Connecticut Innovations.

Nicholas Mitropoulos is a political and business consultant who has previously worked with the Monitor Company. He served as Executive Director of the Taubman Center for State and Local Government at the Harvard Kennedy School, was the Director of the Forum at the Kennedy School, as well as Deputy Director of Institute of Politics at Harvard.

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