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Gambling in the USA

Kambi all set to obtain US sports betting license

Niji Narayan

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Kambi all set to obtain US sports betting license
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Kambi Group, the Malta-based betting company, is close to obtaining five new US sports betting licenses, its chief commercial officer Max Meltzer said.

Last month, chief executive Kristian Nylén said that Kambi had applied for sports betting licenses in New Jersey and Mississippi, apart from planning to apply for licenses in New York, Pennsylvania and West Virginia.

“Our US sales director in New York is, along with others in the commercial department, consistently evaluating and trying to establish partnerships with the right partners,” Meltzer told iGamingBusiness.com.

“A combination of our speed to market, quality of product and managed services in the US has certainly caught the attention of a number of operators. So too has our strong corporate probity, an element which is playing well with companies looking for a trusted partner.”

“In terms of licences, in our Q2 report we said we were in the process for five permits and we are closing in on those, but in terms of further licences we are limited, like everyone, by the pace of regulation in the US.”

Kambi has been linked with a sports betting partnership with Greenwood Gaming & Entertainment and its Parx Casino in Pennsylvania. Greenwood recently submitted an application for a licence to offer sports betting at Parx Casino and its South Philadelphia Turf Club off-track betting facility.

A Kambi spokesperson declined to comment on the possible partnership to iGamingBusiness.com.

However, one Kambi deal that has been confirmed is an agreement to provide its sportsbook and associated services to Global Gaming.

The service will be made available in all markets where Global Gaming holds a relevant licence, with plans to launch in the fourth quarter.

In addition to the core sportsbook, Kambi will provide its open-APIs and risk management processes as part of the deal.

Meltzer told iGamingBusiness.com that the new agreement tallies with Kambi’s focus on targeted clients.

“We are very selective about who we choose to work with – we have no interest in doing a stream of easy, white-label-style deals,” Meltzer said. “Essentially, prospective customers must share the same motivation we have – to offer customers the best sports betting experience possible, to be forward-thinkers, and to have the ambition to gain market leadership positions.”

Meltzer added: “In our discussions, Global Gaming displayed huge enthusiasm and detailed plans of how to succeed in sports betting, as well as an understanding of the differences between a Kambi Sportsbook and those of our competitors.”

“Having grown rapidly through its Ninja Casino brand, they now seek to do similar in sports betting by leveraging our flexible sportsbook, using our open APIs and empowerment features to offer their customers something truly unique.”

 

Source: igamingbusiness.com

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

Sports Betting Revenue of West Virginia Increases in May

Niji Narayan

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Sports Betting Revenue of West Virginia Increases in May
Photo Source: wvpublic.org
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Sports betting revenue in West Virginia has increased by 69% in May to $937,065, while amounts wagered rose 4%.

The Penn National Gaming-operated Hollywood Casino remains the leading venue in the state generating $672,070 in revenue from $7.64m staked. Eldorado Resorts’ Mountaineer Casino ranked second with revenue of $222,736 and total wagers of $2.84m.

Delaware North’s Wheeling Island Hotel-Casino-Racetrack and Mardi Gras Casino did not accept any wagers again last month as its sportsbooks remained closed. Neither casino has processed any sports bets since early March. However, both the Wheeling Island Hotel-Casino-Racetrack and Mardi Gras Casino paid out on a number of bets placed prior to the split, leaving them with minor losses for the month.

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Gambling in the USA

SugarHouse Casino to Change Name as Rivers Casino Philadelphia

Niji Narayan

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SugarHouse Casino to Change Name as Rivers Casino Philadelphia
Photo Source: visitphilly.com
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SugarHouse casino is going to change its name as Rivers Casino Philadelphia. Greg Carlin, CEO of the casino’s parent company Rush Street Gaming said it was a corporate decision, to unify all their casinos under the same name.

“This is something we’ve been thinking about for quite a while. I think we are at the point in our company’s history where it makes sense to have a unified brand. All our properties and markets, especially with the advent of online gaming, we think it makes a lot of sense,” Greg Carlin said.

Carlin said the change will not happen overnight because they have a great deal more work to do.

“We’re going to buy all new chips, change all the signage, all the shirts, all of the business cards — it’s a long list of things that need to be swapped out. Not only that we’re upgrading the property, but we’re also going to add a state of the art sports book. We’re redoing one of the restaurants. We’re re-carpeting the original casino floor. We’re changing the decorations, we don’t want this just to be a name change, we’re really changing the property as well,” Carlin added.

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Gambling in the USA

Intralot Announces New Board Of Directors For Its U.S. Subsidiary

George Miller

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Intralot Announces New Board Of Directors For Its Us Subsidiary
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INTRALOT announces the appointment of a new Board of Directors at its fully owned US subsidiary, INTRALOT Inc. to include three new Independent Directors.

  • Ambassador (Ret.) Thomas Miller, Non-Executive Chairman and Independent Director
  • Mr. Daniel Rappaport, Non-Executive Vice-Chairman and Independent Director
  • Mr. Nicholas Mitropoulos, Independent Director
  • Mr. Byron Boothe, Director and Interim CEO, INTRALOT Inc.
  • Mr. Nikolaos Nikolakopoulos, Director and INTRALOT Group Deputy CEO

INTRALOT Group Chairman and CEO Mr. Sokratis Kokkalis stated: “I am very pleased to welcome three very senior Independent Directors at the Board of INTRALOT Inc. joining a very experienced team, in support of our efforts to strengthen corporate governance as a driver for growth and customer satisfaction.”

Thomas Miller is a former American diplomat and three-times U.S. Ambassador, including ambassadorships in Greece, Bosnia-Herzegovina, and as Cyprus negotiator. He has also served as CEO of Plan International, a UK-based NGO, working to help children in developing countries; President/CEO of International Executive Services Corps (IESC); President of the United Nations Association; Chairman of the International Commission of Missing Persons (ICMP); and a board member of The Partnership for a Secure America. He is a member of the Council on Foreign Relations.

Daniel Rappaport has served as Chairman of the Board/CEO of the New York Mercantile Exchange (NYMEX); member of the National Petroleum Council (NPC); and member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee. He served as a board member of the Futures Industry Institute, a trustee on the Board of Trustees of New York Law School, and as an appointment of the Governor of the State of Connecticut on the board of directors of Connecticut Innovations.

Nicholas Mitropoulos is a political and business consultant who has previously worked with the Monitor Company. He served as Executive Director of the Taubman Center for State and Local Government at the Harvard Kennedy School, was the Director of the Forum at the Kennedy School, as well as Deputy Director of Institute of Politics at Harvard.

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