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Gambling in the USA

Poker Alliance Confirms Push For Legalization Of Online Poker in the United States

Zoltan Tundik

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Online poker is widely know around the United States and it has been quite a subject of democracy after April 15, 2011, the day on which poker was rocked by Black Friday. It is also known as the day that forever changed online poker.

Fast forward into 2018, only four states in America have legalized online poker since then and these are Nevada, Delaware, New Jersey and Pennsylvania.

On the counter side, there are more than 10 states who continue to debate the possibility of legalizing online poker. Unfortunately there hasn’t been any progress and it is important to know that the Poker Players Alliance (PPA) was one of the main campaigners that pushed for the legalization of online poker in the recent years.

top10pokersites.net reports that the PPA has faced a number of challenges in the last 12 months which resulted in a name change and a leadership change. The PPA now goes by the new name of Poker Alliance and has a new funding strategy.

The new Poker Alliance confirmed that while it has gone through a name change, its central focus will not change and will continue to push for online poker to be made legal throughout America. The name change is interesting as the term ‘Player’ has been dropped on purpose. The former PPA received flak from US poker players who accused the organization of focusing more on the objectives of poker companies and less on poker players. When the PPA called for poker players to donate funds to help it out of a financial crisis, it got a lukewarm response.

The Poker Alliance will now receive funding from poker companies such as Poker Central and will have their objectives in mind as they campaign. However, the Alliance has confirmed that its central push will remain the same.

Poker Alliance needs to step up efforts, as the former PPA slacked off on its push for online poker legalization in the last 12 months as the organization had to focus on staying afloat. Now that the new Poker Alliance has a different financial model and has corporate sponsors like Poker Central backing it, the Alliance will continue to focus on its campaign.

In a statement written on their About page, the Poker Alliance said:

“Poker Alliance is an organization dedicated to advancing the sport of poker on behalf of poker players in the United States and around the world. Whether you are playing in a neighbor’s backyard, at a casino, or via the internet – we want your game to be safe, legal and fair. We also work with casinos, poker companies, and others to ensure you have a safe, fun, and fair game, whenever and wherever you decide to play.”

 

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Gambling in the USA

Boyd Gaming Completes Acquisition Of Four Pinnacle Entertainment Assets

George Miller

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Boyd Gaming Completes Acquisition Of Four Pinnacle Entertainment Assets
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Boyd Gaming Corporation (NYSE: BYD) today announced that it has completed its acquisition of the operations of four properties from Pinnacle Entertainment, Inc.: Ameristar St. Charles (Missouri); Ameristar Kansas City (Missouri); Belterra Casino Resort in Florence, Indiana; and Belterra Park in Cincinnati, Ohio.

As part of the transaction, Boyd Gaming has entered into a master lease agreement with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), which owns the real estate of Ameristar St. Charles, Ameristar Kansas City and Belterra Casino Resort. Boyd Gaming acquired both the operations and real estate of Belterra Park, utilizing financing from GLPI for the purchase of the Belterra Park real estate assets.

The acquisition follows the Company’s recent purchase of Valley Forge Casino Resort in King of Prussia, Pennsylvania, on September 17.  Boyd Gaming now operates 29 casino properties in 10 states – Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.

“By adding these four high-quality properties, we have significantly expanded our portfolio and enhanced our free cash flow profile at a compelling multiple,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming.  “We have gained a strong presence in three of the Midwest’s largest gaming markets, with access to millions of potential new customers.  We are pleased to welcome the Ameristar and Belterra team members to Boyd Gaming, and look forward to great success together.”

 

About Boyd Gaming:
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states.  The Company currently operates 1.76 million square feet of casino space, approximately 38,000 gaming machines, 900 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets.  With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and include (without limitation) statements regarding Boyd Gaming’s significant expansion of its portfolio and its enhanced free cash flow profile at a compelling multiple. These forward-looking statements are based upon the current beliefs and expectations of management and involve certain risks and uncertainties, including (without limitation) risks associated with changes to the financial conditions or the economic conditions in the areas in which Boyd Gaming operates; the fact that Boyd Gaming’s expansion projects are subject to many risks inherent in expansion, development or construction of a new or existing project; competition; litigation; financial community and rating agency perceptions of Boyd Gaming and its subsidiaries; changes in laws and regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital market conditions; and the effects of war, terrorist or similar activity. Additional factors are discussed in “Risk Factors” in Boyd Gaming’s annual, periodic and current reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this press release are made as of the date hereof, based on information available to Boyd Gaming as of the date hereof, and Boyd Gaming assumes no obligation to update any forward-looking statement.

 

Source: Boyd Gaming Corporation

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Gambling in the USA

Wynn Resorts and BetBull Limited Announce U.S. Sports Betting Partnership

George Miller

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Wynn Resorts and BetBull Limited Announce U.S. Sports Betting Partnership
Photo Source: fool.com
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Wynn Resorts, Limited announced that it has entered into a strategic partnership with BetBull Limited, a Europe-based digital sports betting operator, to pursue sports betting opportunities in the emerging U.S. market. The strategic partnership will position both parties to capitalize on the developing U.S. opportunity by combining Wynn Resort’s nationally recognized brand with BetBull’s digital sports betting operations capabilities and technology.

In conjunction with the formation of the strategic partnership, Wynn Resorts will make a minority equity investment in BetBull. Wynn Resorts will own 22.5% of BetBull on a fully-diluted basis upon closing of the investment which will occur in due course subject to customary closing conditions. Moelis & Company LLC acted as financial advisor to Wynn Resorts.

 

About Wynn Resorts:

Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Wynn Macau (wynnmacau.com) and Wynn Palace, Cotai (wynnpalace.com).

Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,750 spacious hotel rooms, suites and villas, approximately 192,000 square feet of casino space, 22 dining experiences featuring signature chefs and 11 bars, two award-winning spas, approximately 290,000 square feet of meeting and convention space, approximately 110,000 square feet of retail space as well as two showrooms; three nightclubs, a beach club and recreation and leisure facilities. A luxury retail Strip-front expansion, Wynn Plaza, is currently under construction and is scheduled to debut the second half of 2018.

Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People’s Republic of China with two luxury hotel towers with a total of 1,008 spacious rooms and suites, approximately 273,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 31,000 square feet of meeting and convention space, approximately 59,000 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show.

Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 420,000 square feet of casino space, 11 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 106,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities.

Wynn Resorts is currently constructing Encore Boston Harbor located in Everett, Massachusetts.

About BetBull Limited:

BetBull is the next generation betting company that offers users a truly unique experience, the first of its kind to combine free-to-play game mechanics with a mobile-first and truly social design.

Founded in 2015 by serial entrepreneur Sadok Kohen, BetBull has a presence in Malta and the United Kingdom. The Company is backed by former CEOs of 888 Holdings and Bwin, as well as several other prominent investors.

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Gambling in the USA

Arkansas court ruling paves way for casinos

Niji Ng

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Arkansas court ruling paves way for casinos
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The Arkansas Supreme Court has ruled in favour of an amendment, which will pave the way for setting up licensed casinos in the state. Specifically, the court upheld Issue 4, the amendment for allowing four casino licenses in the state.

Nate Steel, counsel for Driving Arkansas Forward that lobbies for casino licenses, said that the Supreme Court ruling clears the path for Arkansas voters to add almost US$6 million to the state’s economy and create 6,000 new jobs.

 “We are grateful the Supreme Court upheld the Attorney General’s certification that Issue 4 is clear and understandable to voters. We are confident Arkansas will vote to keep casino entertainment dollars in our state when they cast their ballots on Nov. 6,” said Steel.

The legal challenges were filed in September against the ballot and Chief Justice Dan Kemp, who was in charge of the challenges and later recused from the cases. The lawsuits were trying to get the proposal disqualified from the ballot, even after a major lobbying campaign that managed to get the question on the November election.

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