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Gambling in the USA

GVC Holdings vouches to fund problem gambling study

Niji Ng

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GVC Holdings vouches to fund problem gambling study
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GVC Holdings, a premier gambling operator based in the UK, has committed to fund a new study about problem gambling in the USA.

The company has announced that it had joined the President’s Circle of the National Council on Problem Gambling (NCPG), America’s leading advocate for programme and services to assist problem gamblers and their families.

GVC’s commitment to the NCPG includes helping to fund the National Survey of Gambling in America, a new study aimed at quantifying gambling prevalence in the US of A and establishing a baseline by which to judge the scope of problem gambling behaviour.

GVC CEO Kenny Alexander celebrated his group joining the NCPG’s efforts, which he said “reinforces our commitment to ensure that GVC promotes the highest standards of responsible gaming while ensuring our customers can enjoy our products in a safe environment.”

NCPG executive director Keith Whyte welcomed GVC to its President’s Circle, an initiative that involves “essential multi-year contributors who support overall operations, sustainability, future growth and innovation.”

Current President’s Circle members include major land-based gaming operators such as Las Vegas Sands, Mohegan Sun, Caesars Entertainment, International Game Technology and MGM Resorts.

GVC has partnered with MGM on a US-facing joint venture to explore online sports betting, casino and poker opportunities where such activities are legal, and GVC is clearly eager to make a good first impression in a market that could prove a major contributor to the company’s bottom line over the next decade or so.

 

Source: CalvinAyre

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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Fantasy Sports

Pennsylvania Gaming Control Board Reports January Fantasy Contests Revenue

George Miller

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Pennsylvania Gaming Control Board Reports January Fantasy Contests Revenue
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The Pennsylvania Gaming Control Board posted on its web site the January Fantasy Contests Revenue Report. The report provides a breakdown on fees collected from the play of Pennsylvania participants, Fantasy Contests Operators’ adjusted revenue, and tax revenue due to the Commonwealth. The report can be found at www.gamingcontrolboard.pa.gov.

Fantasy adjusted revenue for January was $2,116,499 compared to adjusted revenue of $2,860,503 in December 2018.

Tax revenue is derived through a 15% assessment on the adjusted revenue reported by the Fantasy Contest Operators and is deposited into the Commonwealth General Fund. This resulted in tax revenue generated during January of $317,475. Seven of the Fantasy Contest Operators reported tax revenue due.

Fantasy revenue and tax revenue for each of the providers for January 2019 is displayed in the following table:

Fantasy Contest Provider

January 2019

Fantasy Contest

Adjusted Revenue

January 2019

State Tax Due

DraftKings

$1,026,565.22

$153,984.78

FanDuel

$998,218.08

$149,732.71

Yahoo Fantasy Sports

$41,878.21

$6,281.73

DRAFT

$35,986.44

$5,397.97

Sportshub Technologies

$8,795.00

$1,319.00

Fantasy Draft

$4,201.20

$630.18

Boom Fantasy

$854.78

$128.22

Total

$2,116,498.93

$317,474.59

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, including sports wagering offered currently at six locations. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ nearly 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

Source: Pennsylvania Gaming Control Board

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Gambling in the USA

William Hill strengthens activity in Nevada

Niji Ng

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William Hill strengthens activity in Nevada
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William Hill has expanded operation in Nevada, as it is now now operating all Golden Entertainment, Inc. race and sportsbook operations in the state.

The expanded partnership allows bettors use William Hill’s innovative wagering technology, including its award-winning mobile sports betting app and live InPlay wagering menu.

“We are excited to continue expanding our relationship with William Hill, which has a proven sports wagering platform not only in Nevada but around the world. We look forward to growing our business in Nevada and other jurisdictions through this partnership,” said Steve Arcana, COO of Golden Entertainment, Inc.

“The addition of the four new casino resorts marks an exciting new chapter in our relationship with Golden Entertainment. We look forward to working together to offer sports fans an amazing experience for many years to come in Nevada and elsewhere as opportunities arise,” said Joe Asher, CEO of William Hill U.S.

The new development expands Golden Entertainment’s existing partnership with William Hill, which includes operating the race and sports books at Pahrump Nugget Hotel & Gambling Hall and full-service kiosks at Gold Town Casino – Pahrump, and Lakeside Casino & RV Park in Pahrump, as well as depositing kiosks at approximately 80 Golden Entertainment wholly-owned taverns and third-party-distributed gaming locations throughout Nevada. William Hill will also continue to operate the race and sports books at Edgewater and Colorado Belle casino resorts in Laughlin, following Golden Entertainment’s recent acquisition of the properties.

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Gambling in the USA

Sacramento Kings and Swish Analytics to test innovative predictive gaming lounge

Niji Ng

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Sacramento Kings and Swish Analytics to test innovative predictive gaming lounge
Image Source: theundefeated.com
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Sacramento Kings and Swish Analytics have joined hands to launch the first of its kind gaming lounge, named ‘Sacramento Kings Skyloft’. It presents a new entertainment experience to the club’s fans Both the companies will demo the NBA’s first dedicated space for the free-to-play, in-arena predictive gaming experience.

“Basketball fans across the country are clamoring for gaming options, and we’re thrilled to be the first NBA team to bring this unique experience to Sacramento,” said Vivek Ranadivé, Owner and Chairman of the Sacramento Kings. “Predictive gaming is incredibly disruptive and will only continue to gain popularity in the NBA and beyond. Working with industry leaders like Swish Analytics allows us to test and perfect this technology to give fans the best experience in future seasons.”

“We’re proud to bring this gaming technology to the NBA with a forward-thinking and creative organization like the Sacramento Kings,” said Bobby Skoff, Co-Founder of Swish Analytics.  “Nobody is better than the Sacramento Kings at building best-in-class fan experiences utilizing technology. The popularity of predictive gaming shows no signs of slowing down and we look forward to continuing to build and iterate the BetRush platform in Sacramento.”

 

About Swish Analytics:
Swish Analytics is the leading platform for powering U.S. sports betting products. We deliver odds origination, risk management and trading software for the core four U.S. sports, with specializations in player propositions, in-play and Bet Request odds making solutions.

About BetRush:
BetRush is a Live Bet Stimulation engine: a real-time streaming feed of betting-focused analysis, content, statistics, odds and visualizations to help viewers engage with live games and to stimulate betting activity. All content is derived from Swish’s proprietary in-house sports analytics and odds making platform. BetRush helps league gaming partners, streaming providers, media partners, affiliates and sportsbook operators to attract more betting interest, increased turnover and higher revenues around NBA, NFL, MLB and NHL betting. BetRush is available via API, white-label iOS application, iframe, SDK or HTML feed.

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