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Massachusetts Gaming Commission investigators to disclose the findings of Steve Wynn’s sexual assault case by summer

Athira A

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After Sexual Misconduct Claims, Vegas Mogul Steve Wynn Fell Fast. Photo credits: https://www.google.co.in
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The state gambling investigators in Massachusetts disclosed their anticipations to release the findings of their investigation  on  the sexual ravishment allegation case against the casino mogul Steve Wynn, “no later” than this summer.

In association the Massachusetts Gaming Commission Executive Director Edward Bedrosian said on Thursday that the commission’s regular review of construction at the $2.4 billion Wynn Boston Harbor casino in Everett should not  be viewed as a “prejudgment” of the ongoing investigation.

Bedrosian’s comments came as Wynn officials gave their quarterly update on the project. Wynn Boston Harbor President, Robert DeSalvio revealed that the casino is scheduled to open in June 2019 and has the necessary financing.

However, Gaming Commission Chairman, Stephen Crosby emphasized that the company is proceeding “on an at risk basis.”Commission investigators are separately reviewing misconduct allegations against the former CEO and what the company’s board might have known about it. .

Source: nbcboston.com and Associated Press

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Gambling in the USA

$uper Hit$® Jackpot$ Awards its 50th Jackpot

Niji Narayan

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$uper Hit$® Jackpot$ Awards its 50th Jackpot
Image Source: thevirtualgames.com
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Aristocrat’s $uper Hit$® Jackpot$ has awarded its 50th jackpot. A lucky player of the Riverstar Casino in Oklahoma hit the 50th jackpot on the 777 Bourbon Street™ game.

$uper Hit$ Jackpot$ is a 3-reel mechanical wide area progressive appearing on top of player-favorite Aristocrat Class II game titles and has a starting jackpot of $250,000.

“We are thrilled to announce this 50th $uper Hit$ Jackpot$ award. Players everywhere love Aristocrat Class II games, and the added possibility to win a super jackpot adds to the fun. $uper Hit$ Jackpot$ was a game-changing innovation, and our teams continue to create new games and ways for players to maximize their gaming experience,” Nathan Drane, vice president of commercial strategy for game sales said.

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Gambling in the USA

Oklahoma AG Hires Dykema Gossett to Represent the State in Gaming Talks

Niji Narayan

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Oklahoma AG Hires Dykema Gossett to Represent the State in Gaming Talks
Photo Source: kayak.com
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Mike Hunter, the Attorney General of Oklahoma, has agreed to pay Dykema Gossett up to $250,000 to represent the state in negotiations with Oklahoma-based Native American tribes over compacts that allow gambling. Republican Mike Hunter’s office has signed the agreement with the national law firm Dykema Gossett.

“When dealing with issues as complex as compact negotiations, it is important to have experts with experience in this area. Dykema has a proven record of success in tribal compact and gaming negotiations. We believe with their help, we can achieve a successful outcome for both the state and our tribal partners,” Hunter spokesman Alex Gerszewski said.

Discussions between the state and the tribes got off to a rocky start this summer when new Republican Gov. Kevin Stitt said he wanted to renegotiate the deals, suggesting the state should get a larger share of gambling revenue.

Oklahoma’s current gambling compacts call for the tribes to pay the state between 4% and 10% of a casino’s net revenue in “exclusivity fees.” Those fees generated nearly $139 million in payments to the state last year on roughly $2.3 billion in revenue from games covered under the compacts.

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Gambling in the USA

GAN Reports Strong August 2019 Internet Gambling Growth for New Jersey

George Miller

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GAN Reports Strong August 2019 Internet Gambling Growth for New Jersey
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GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, updated the market following the publication on September 12, 2019, by the New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of August 2019 in New Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $41.1 million in August compared to $24.8 million in the prior year period, reflecting a year-over-year increase of 65.7%.
  • Total Internet Sports Wagering Handle(1) was approximately $249.2 million for the month of August, compared to:
    • $213.0 million for the month of July 2019;
    • $226.7 million for the month of June 2019; and
    • $263.6 million for the month of May 2019.
  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $19.2 million, compared to $3.1 million in the prior year period August 2018, reflecting a year-over-year increase of 514.7% and is further comparable to:
    • $13.9 million for the month of July 2019;
    • $6.9 million for the month of June 2019; and
    • $13.7 million for the month of May 2019.
  1. Gross amount of money accepted in wagers
  2. Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.

 

About GAN Plc:

GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN).

For more information please visit www.GAN.com.

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