Gambling in the USA
Will Video Gambling at St. Charles entertainment establishments keep on track post April 1?
Whether video gambling at St. Charles entertainment establishments should keep on track post April 1 lies with the City Council, which will call the shots for the same next month.
St. Charles had a ban against video gambling – also called video gaming – until, October 2015. Simultaneously, Mayor Ray Rogina cast the deciding vote in favor of an ordinance lifting the halt after aldermen were hooked in their decision 5-5.
However, the City Council included a sunset clause in the ordinance adhering to which it will repeal automatically after 18 months – a trial period they needed for video gambling.
In association, Police Chief James Keegan said: On March 5, aldermen will take a preliminary vote during the Government Operations Committee on whether to rescind that automatic repeal and allow video gambling to persist after the end of April.
The City Council is expected to make its final decision March 19.
Fourth Ward Alderman Steven Gaugel opposed lifting the video gambling ban in 2015. But currently he has mixed feelings about the issue and hasn’t decided how he will vote in March.
“I feel it is in the best interest of the city of St. Charles to reduce our financial dependency with the state of Illinois, but I am unsure that pulling the plug on video gaming is the right answer for St. Charles today,” he said.
The state tax on video gambling proceeds is 30 percent, with one-sixth of that amount going to municipalities where the revenue was generated.
Gaugel noted that the city’s portion of Illinois’ video gambling tax from St. Charles is helping make up for the state’s recent reduction of local government distribution funds.
“The [tax] revenue generated from video gambling last year amounted to just under $100,000,” Gaugel said. “Without video gaming, and with the 10 percent reduction in LGDF revenue, the city would see an approximate $450,000 reduction in revenue annually.”
Gaugel also is considering the effect that eliminating video gambling could have on local commerce.
“Removing video gaming now has the potential to be detrimental to our businesses, and not only the businesses that have video gambling, but other businesses that potentially benefit from the increase in traffic,” Gaugel said.
Newest alderman considers issue
The city council’s newest alderman, Lora Vitek, also has not decided yet how she will vote next month. Vitek was elected in April 2017 to fill the 4th Ward aldermanic seat vacated by Jo Krieger, who voted against lifting the video gambling ban in 2015.
Since taking office, Vitek’s approach has been to wait and see what impact video gambling had on the community, its businesses and local crime, she said. So far, she has not seen any negative impact.
Keegan has not brought any violations of video gambling rules to the city’s attention within the last 10 months nor has he raised any concerns during his monthly activity reports, Vitek said. She added that other residents she has spoken to don’t notice the presence of video gambling in St. Charles unless they walk into an establishment where it is present.
“St. Charles is still the same St. Charles it was before video gaming,” Vitek said. “Video gaming has been positive for St. Charles businesses that have opted for gaming on their premises.”
St. Charles reports statistics
Under the 2009 Illinois Video Gaming Act, municipalities and counties can allow up to five gambling machines in establishments with liquor licenses, or they can ban them entirely in their jurisdictions.
The total number of video gambling machines at 13 licensed St. Charles establishments is about 60. One business, Alibi Bar and Grill, recently removed its five machines for lack of performance.
Several other St. Charles businesses including Onesti Entertainment Corp., which operates the Arcada Theatre, have applied to the Illinois Gaming Board for approval of video gaming licenses. If the state approves those applications, the establishments then may file for a gaming license with the city, Keegan said.
In one year starting in September 2016, people spent $24.8 million on legal video gambling in St. Charles and won $22.8 million at 14 locations, from Brown’s Chicken and Pasta to the St. Charles Moose, the city reported.
After taxes, businesses kept the remaining 70 percent of their video gambling proceeds – about $1.4 million for September 2016 through November 2017.
Moose cites video gambling benefits
The new revenue that video gambling generated in 2017 for the St. Charles
Moose from five video gambling machines – about $55,000 – has helped the organization to stay open and increase its charitable endeavors, said its treasurer, Jim Buenrostro.
The Moose has used its video gambling revenue to provide its hall free to nonprofit groups, such as the Boy Scouts and Casey’s Safe Haven for fundraisers and Lifeline for health screenings.
The video gambling revenue also is helping the Moose pay for hall improvements, such as replacing the HVAC unit on the roof.
“We were struggling before so that money is helping us to keep afloat,” Buenrostro said.
Concerns still exist
Concerns three years ago among St. Charles officials about video gambling included uncertainty that the state would disburse those tax dollars on a timely basis. Since the first video gambling revenue was generated in St. Charles in 2016, typically there has been a two-month lag in the monthly state tax disbursement to the city, Keegan said.
Second Ward Alderman Rita Payleitner has other concerns about video gambling, including its effect on families.
“This is not anecdotal, this is real,” Payleitner said. “The projections made when this came to pass now have St. Charles names and faces. Shame on us.”
She believes that no dollar amount brought in by video gambling to the city can justify the detriment brought to even one family in St. Charles.
“I’ve heard video gambling is the same as playing the lottery or a friendly game of poker,” Payleitner said. “Ignoring the social ills of, and science behind, the destructive addictive behavior caused by video gambling doesn’t make it less so.”
Payleitner voted against video gambling in 2015 and plans to do the same when aldermen vote on the issue in March.
“We must take great pride and responsibility for the decisions we make,” Payleitner said. “We must, at all costs, avoid any decisions that may cause harm.”
She said nearly $2 million was lost last year by people video gambling in St. Charles.
“If it’s truly disposable income being used, as has been argued, then I venture to imagine how much better those dollars could be spent.”
As for the city’s take of less than $100,000, Payleitner said, “Big deal – a far cry from the half million plus promised by video gambling proponents.”
Payleitner said she has yet to see the business improvements and plethora of new jobs some promised would result from video gambling.
She disagrees with people who believe video gambling is OK as long as St. Charles does not allow the signage and flashing lights often associated with it.
“If it is ‘so OK,’ why hide it, why not embrace it? Payleitner said. “This seems hypocritical to me.”
Source: kcchronicle.com
Gambling in the USA
Gaming Americas Weekly Roundup – November 11-17
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
Golden Entertainment Inc. reported financial results for the third quarter ended September 30. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, the Company’s Board of Directors authorised the Company’s recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024.
Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation and culinary excellence. The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si.
Galaxy Gaming Inc., the world’s largest independent developer and distributor of casino table games and technology announced, at a special meeting of its stockholders held on November 12, 2024 (the Special Meeting), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (Evolution), Evolution AB (publ)’s wholly owned subsidiary. Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.
Caesars Virginia has announced that its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space.
Partnerships
NGX has entered into a strategic partnership with Sportradar, a global leader in sports integrity solutions, which collaborates with more than 180 sports federations and leagues. The agreement aims to support the Brazilian football federations of Rio Grande do Sul, Paraná and Pará, providing detailed reports to ensure the integrity of sporting events and combat fraud.
EvenBet Gaming has announced the launch of its advanced poker solutions in partnership with JugaMax, one of the largest and most respected casino operators in Paraguay. This strategic collaboration marks EvenBet’s debut in the Paraguayan iGaming market, solidifying the company’s expansion within Latin America. The newly established partnership enables the integration of EvenBet Gaming’s poker offering on the JugaMax platform.
Jackpocket, the leading lottery app in the US, and Barstool Sports announced a new collaboration naming Jackpocket as the “Exclusive & Official Digital Lottery Partner of Barstool Sports”. The deal with Barstool follows Jackpocket’s parent company, DraftKings, announcing a similar agreement with the media company in February 2024. This collaboration centers around the integration of Jackpocket in Barstool’s content. Fans can participate in the lottery alongside some of Barstool’s biggest names such as Dave Portnoy, Big Cat & PFT from Pardon My Take – the leading sports podcast in America, Wallo & Gillie from Million Dollaz Worth of Game and more.
Gambling in the USA
Gaming Americas Weekly Roundup – November 4-10
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
PENN Entertainment and ESPN announced that account linking between ESPN BET and ESPN is now available for customers, creating an even more deeply integrated media and betting experience. By linking accounts, fans now have the ability to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com. With this product enhancement, ESPN BET will soon bring fans more personalised bets and timely promotions based on their favourite sports, teams, players and fantasy rosters.
Accel Entertainment Inc. has announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming LLC and LSM Gaming LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT, its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalisation of the existing land-based network. The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
BetMGM Poker has become the third US operator to offer multi-state online poker. The company has merged its player pools in Michigan and New Jersey. Both states are a part of the Multi-State Internet Gaming Agreement, which allows online poker networks to share liquidity and players in participating markets. The two-state network went live Wednesday afternoon after morning maintenance.
Betsson Group has celebrated its success at the SBC Awards Latinoamérica 2024, winning two prestigious awards: Sportsbook Operator of the Year and Leader of the Year, which was awarded to Kevin Saliba, Commercial Director (Business Development) for Latin America. This marks the second consecutive year Betsson has earned the Leader of the Year accolade, following Andrea Rossi’s win in 2023 – an achievement that underscores Betsson’s consistent leadership in the region.
Partnerships
Play’n GO has announced a new operator partnership with renowned gaming brand Hard Rock Digital for their top-rated Hard Rock Bet online casino platform in New Jersey. The Hard Rock brand is synonymous with entertainment worldwide, and this partnership will see Hard Rock Bet players in New Jersey gain access to hit Play’n GO titles such as Piggy Blitz, Book of Dead and Rise of Olympus 100.
SCCG Management, a global leader in gaming innovation and advisory, has announced a strategic partnership with Chata.AI, a technology provider specialising in self-service, proactive analytics that enables businesses to access real-time insights without requiring extensive technical expertise. This partnership introduces Chata.AI’s technology to the gaming industry, providing operators with powerful tools to streamline decision-making and increase operational efficiency.
Gambling in the USA
Gaming Americas Weekly Roundup – October 28-November 3
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
Elray Resources Inc. has announced a significant milestone in the company’s growth strategy. The company has completed the sale of proprietary technology to 180 Life Sciences Corp. (NASDAQ:ATNF), a NASDAQ-listed company in exchange for preferred stock convertible into a 40% stake in ATNF and warrants to purchase 3 million shares of ATNF common stock, the conversion/exercise of which is subject to stockholder approval. The technology stack contained within Elray’s technology package will assist ATNF in launching an iGaming Blockchain casino.
PrizePicks, the largest daily fantasy sports operator in North America, has announced that it has been awarded Daily Fantasy Sports Operator Licenses in Delaware and Missouri. The company will launch Arena, its innovative peer-to-peer fantasy sports contest, in both states. With these new state launches, Arena will now be available in 15 states across the US.
The Pennsylvania Gaming Control Board (Board) unanimously voted to renew the Category 2 stand-alone casino license of Wind Creek Bethlehem LLC, operator of Wind Creek Bethlehem casino in Northampton County. In making the decision, the Board determined that Wind Creek Bethlehem LLC had fulfilled the obligations under its previously approved casino operator’s license and therefore qualified to have its license renewed for an additional five-year period.
Aristocrat announced that the company was the first international slot and online technology company to be granted a Gaming-Related Vendor license by The General Commercial Gaming Regulatory Authority (GCGRA), the federal entity overseeing commercial gaming activities in the United Arab Emirates (UAE). This announcement grants Aristocrat the ability to provide the company’s land-based electronic gaming machines (EGMs) and online games and technology solutions to commercial gaming operators licensed by the GCGRA.
Partnerships
SCCG Management, a leading global advisory and consulting firm in the gambling industry, has entered into a strategic partnership with Slot Machines Unlimited, a premier provider of refurbished slot machines and gaming equipment. The partnership between SCCG Management and Slot Machines Unlimited leverages both companies’ strengths: Slot Machines Unlimited’s expertise in refurbished gaming equipment and SCCG’s deep industry insight, global network and strategic growth capabilities. The collaboration will enhance Slot Machines Unlimited’s international sales and service operations, ensuring gaming establishments worldwide have access to high-quality slot machines and support.
Galaxy Gaming Inc. has announced that the Galaxy Operating System (GOS) is now live on over 50 ships worldwide with Carnival Corporation & PLC, the world’s largest leisure travel company. Since the installation, tables powered by GOS have awarded over $5 million in jackpot payouts to players. GOS is the jackpot progressive system for all Carnival Corporation ships, including Carnival Cruise Line, Holland America Line and Princess Cruises. Launched in 2024, GOS is the next-generation game management system developed by the industry’s leading table game experts.
The hottest new game from Aristocrat Gaming, Phoenix Link, is now live on casino floors, with Yaamava’ Resort & Casino being the first in North America to offer the highly-anticipated game. As the next evolution of the international hit game, Dragon Link, Phoenix Link features player-favourite mechanics from top games with all-new themes, features and bonuses.
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