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Gambling in the USA

Horseshoe Casino’s recovery continues for second straight month

Niji Ng

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Horseshoe Casino’s recovery continues for second straight month
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Horseshoe Casino, the Baltimore-based casino operator, has bucked the trend of the dipping revenue for the second month in a row. According to the latest monthly report from Maryland Lottery and Gaming, Horseshoe Casino posted a revenue of $22.8 million from slots and tables in June, a 3.3 per cent jump from the same month last year.

In May also, the revenue rose by 2 per cent when compared to that of the last year.

These modest upticks have broken a 16-month spell – December 2016 through April 2018 – in which the casino’s revenue fell by 13 per cent on average. Horseshoe has suffered in the shadow of the higher-end MGM National Harbor, self-branded as “Vegas on the Potomac,” which opened in late 2016.

MGM – which drew upwards of $59 million in revenue in June, just for perspective – has pushed the state’s gambling proceeds to new heights. In May, Maryland’s six casinos brought in a record $156.6 million. Last month’s statewide mark of $130.5 million didn’t quite approach that degree of success, but it was still a 14 percent increase from a year before.

Horsehoe’s June revenue bump was actually the smallest among the state’s casinos. Live! Casino and Hotel in Arundel Mills saw its proceeds climb 15 per cent from June 2017. Hollywood Casino Perryville’s revenue rose 4.5 per cent, and Rocky Gap Casino in Cumberland saw an increase of 5 per cent. Ocean Downs Casino in Berlin is reaping rewards from adding table games last December; earnings rose nearly 30 per cent in June.

In an emailed statement, Maryland Lottery and Gaming Director Gordon Medenica said the recent revenue increases for casinos other than MGM are “a good sign.”

“We’re seeing the stabilization of the market share changes that occurred after MGM’s opening a year and a half ago,” Medenica said. “The six casinos are now finding their niche in the marketplace as they continue to grow and maintain their customer base.”

Caesars Entertainment Corp., which owns part of Horseshoe Casino Baltimore, has not responded to a request for comment.

Horseshoe’s success is arguably all for the better if that money makes it to the schools. Under state law, 15 per cent of all table game revenues go to the state’s Education Trust Fund, and 5 per cent go to local jurisdictions. For Horseshoe, that meant nearly $1.5 million of June proceeds from table games went to education, and $486,000 went to local jurisdictions.

 

Source: baltimorefishbowl.com

Niji 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. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at 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

West Virginia Lottery appoints new director

Niji Ng

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West Virginia Lottery appoints new director
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The governor of the state has named John Myers as the director of the regulatory body.

 

West Virginia Governor Jim Justice has appointed John Myers is the new director of the state’s official lottery, West Virginia Lottery. Myers will replace Alan Larrick, who announced his resignation September 1, immediately after the state allowed sports betting at local casinos. Douglas Buffington II. deputy secretary for the West Virginia Secretary of Revenue, has been functioning as state Lottery interim director.

The executive that was named by the Governor has served as Secretary of Administration for the Justice Administration, but it is not the first time that he will work with the Lottery, as he had different positions from 2008 to 2017 and even served as acting director from 2015 to 2017.

Earlier this week the Joint Standing Committee on Finance of West Virginia gathered to talk during the second day of September legislative interim meetings at the State Capitol about recent modifications on the Virginia Lottery Commission staff and how it can affect sports betting operations.

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Gambling in the USA

Mississippi rakes in $6.3m in the first month of sports betting

Niji Ng

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Mississippi rakes in $6.3m in the first month of sports betting
Photo Source: cardplayer.com
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The US state of Mississippi has garnered a $6.3m (£4.8m/€5.4m) as sports betting revenue in its very first complete month of licensed sports betting. This is an impressive figure, but even this is likely to increase considerably when more companies start their operation in the state.

This figure would mean $644,000 in revenue for casinos and $77,000 in tax income for the state.

Baseball was the most popular sport among the gamblers, attracting $3.3m in bets in August, while punters wagered $1.4m on parlay betting and $1.3m on American football.

Mississippi went live with a legalised market on August 1 and the first month of regulation in the state saw a number of companies roll out sports betting.

Caesars Entertainment, in partnership with Scientific Games, along with MGM and Churchill Downs were among those to take bets in August.

However, MGM was the only company to be live on day one, with others not launching until later in the month, skewering the total revenue figures for August.

SBTech did not launch in Mississippi until early September while William Hill, which obtained a licence in the state last month, recently announced a link-up with Eldorado that will cover 11 states, including Mississippi.

In addition, International Game Technology last week joined forces with the Mississippi Band of Choctaw Indians in a move that will see it launch sports betting at the Pearl River Resorts’ Golden Moon Hotel & Casino and Silver Star Hotel & Casino in Choctaw, as well as the Bok Homa Casino in Sandersville.

Mississippi was some way behind New Jersey – which has also moved to legalise sports betting since the withdrawal of PASPA – in its first month.

However, Mississippi was at a disadvantage due to the fact that fewer operators were live in month one and, unlike New Jersey, it does not currently offer online or mobile sports betting.

 

Source: iGaming Business

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Gambling in the USA

New Hampshire to launch online lottery

Niji Ng

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New Hampshire to launch online lottery
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The US state of New Hampshire is all set to launch its first online lottery products. The launch is scheduled later this week. When it takes place, New Hampshire will become the sixth US state to sell instant lottery online.

 “We have long viewed ourselves as a player-centric lottery,” said Charlie McIntyre, executive director of the New Hampshire Lottery. “Our focus in everything we do is how best to make our products entertaining and accessible to our customers by creating a strong and positive play experience. Launching iLottery is the critical next wave component in enhancing our players direct interaction with our games.”

To run its iLottery, New Hampshire selected NeoPollard Interactive, a turnkey online lottery solution active in several North American jurisdictions. NPI will provide the platform and manage several aspects of the NH online lottery for the state.

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