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Gambling in the USA

Rhode Island to open sports betting at casinos

Niji Narayan

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Glenn Pinkerton/Las Vegas News Bureau via Getty Images. Photo credits: focusgn.com
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Rhode Island could soon seek a company to run sports betting at Twin River’s casinos, provided the Supreme Court lifts the federal ban.

The state governor Gina Raimondo proposed a budget for the next year that comprises a state revenue forecast of US$23.5 million from sports betting at Twin River’s casino in Lincoln and a new planned casino in Tiverton. The budget proposal – subject to the Supreme Court annulling of the federal ban on sports betting – also forecasts US$4.1 million revenue from a new type of gaming, including “stadium gaming” at Twin River.

Lawmakers believe that a gambling expansion is essential in order to protect Rhode Island’s third-largest revenue source. The Rhode Island Lottery said that it hopes to obtain an exclusive contract to provide initial sports betting services this year in time to start accepting wagers at Twin River on October 1st.

“If the Supreme Court overturns, we have to have sports gambling to remain competitive,” Mark Furcolo, director of the state Department of Revenue, said. “Massachusetts has big gambling entities to run their casinos. They will be able to offer sports betting very quickly.” The proposal does not set a percentage of gambling revenue that the state would obtain, as it will be defined through the RFP process, Furcolo said.

Despite the fact that the proposal only details sports betting at brick-and-mortar locations, the RFP said that Lottery officials are open to online sports betting as well, and that bidders should show capability to readily adapt to any future additions to authorised sports betting operations in the state including, but not limited to, remote sports betting.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Gambling in the USA

Caesars and Eldorado Set Date for Shareholders Meetings

Niji Narayan

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Caesars and Eldorado Set Date for Shareholders Meetings
Photo Source: bloomberg.com
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Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

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Gambling in the USA

Continent 8 Technologies and Iforium strengthen partnership to pursue US online gaming opportunities

George Miller

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Continent 8 Technologies and Iforium strengthen partnership to pursue US online gaming opportunities
Nick Nally, Chief Development Officer of Continent 8 (right) with Andrew Cairns, COO, Iforium (left) on Douglas Head, Isle of Man.
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Continent 8 Technologies and Iforium have announced the expansion of their partnership, to pursue exciting opportunities in the emerging US online gaming market.

Iforium is the first tenant at Continent 8’s latest data centre at the Atlantic City Convention Center which opened in June this year in partnership with the CRDA (Casino Reinvestment Development Authority). Designed to Tier 3 standards, it is the first ever purpose built data centre in Atlantic City and is already playing a significant role in growing New Jersey’s reputation as the largest hub for online gaming, sports betting, and eSports in the United States.

Michael Tobin, Co-Founder and CEO of Continent 8 Technologies, said: “We’re delighted to announce Iforium as the first tenant at our Atlantic City data centre. Iforium are a long-standing Continent 8 client, but today’s announcement represents a significant strengthening of our business relationship, and a major step forward in terms of Continent 8’s commitment to the emerging US market.”

Over the past 12 months, Continent 8’s US multi-state capacities increased to include Indiana, Mississippi, Nevada, New Jersey, Pennsylvania, and West Virginia, with upcoming locations in Florida, Illinois, Iowa, New Hampshire, New York, Ohio, Oregon, and Tennessee.

Phil Parry, CEO of Iforium, commented: “Our presence in the US online gaming market is growing rapidly and Continent 8 are providing the gateway with their state-of-the-art data centre in Atlantic City. It’s an exciting time for Iforium. We received our transactional waiver from the New Jersey Division of Gaming Enforcement (DGE) in July, and are now live with our first operator in the state of New Jersey.”

The granting of the transactional waiver was a landmark decision for the company and the US sector because it means that the DGE will allow Iforium to provide licensed operators with its Gameflex casino platform that now hosts more than 9,000 games from over 100 third-party suppliers.

Continent 8’s advanced data centres and high-quality networks support critical online operations in both private and public-sector organisations in over 40 locations across Europe, Asia, and the Americas. The company will be welcoming more clients to its Atlantic City data centre in the coming months. Visit https://www.atlanticcity-datacenter.com/ for more information.

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Gambling in the USA

BMM Testlabs – The World’s Best Regulatory Partner Since 1981

George Miller

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BMM Testlabs - The World's Best Regulatory Partner Since 1981
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BMM Testlabs, the world’s original gaming test lab and product compliance consultancy is pleased to offer complimentary, tailored training solutions and tools to gaming regulators across the globe.

Travis Foley, BMM’s Chief Operations Officer commented, “Through our BMM Academy, training and technology services are available year-round and are customized to meet the unique needs of each regulatory body, without a need for gaming lab exclusivity. We offer decades of expertise and industry experience to provide 24/7 support to the jurisdictions we serve. Our mission is to go above and beyond what is required of us, do the right thing and lead the way in responsible and ethical business practices.”

Martin Storm, BMM Testlabs’ President and CEO added, “Importantly, BMM’s complimentary services do not require a pledge of exclusivity from commercial and tribal gaming regulators. Our only desire is to ensure our regulatory partners are up to date on all the latest gaming technology and get the help they need. We encourage all regulatory bodies to stop by BMM Testlabs booth at G2E to learn how we can align our exceptional training solutions to fit their unique needs.”

BMM provides regulatory training at BMM’s state of the art training facility in Las Vegas, at various locations around the world and at client’s or regulator’s facilities, through the BMM Academy. The training curriculum provides a wide array of no-cost training solutions that include:

* Field Audits
* System Audits
* Wagering Terminal Essentials
* Understanding System Essentials
* Wireless Security
* Forensics/Incident Response
* IT Security Essentials
* Development of Internal Controls
* Cyber Security

Visit BMM Testlabs at G2E #4408

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