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Gambling in the USA

Maryland casino revenues increase

Niji Narayan

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Maryland casino revenues increase
Photo Source: WTOP.com
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Maryland’s gaming sector has posted a record month in November in terms of revenue generation. The six casinos in the state has recorded a gaming revenue of $158 million, 7.3 per cent higher than the amount in the same period last year. The revenues have fallen to $140.1 million in November.

The casino-wise details of revenue break-up are listed below:

MGM National Harbour, which opened in December 2016, accounted for 41 per cent of all gaming revenue last month, at $57.3 million, up 13.2 per cent from a year ago.

Live! Casino & Hotel at Arundel Mills had $48.7 million in November gaming revenue, up 12 per cent from November 2017.

Baltimore’s Horse Shoe Casino stumbled in November, with $19.5 million in gaming revenue, down more than 14 per cent from a year ago.

Gaming revenue was mixed for the state’s three smaller casinos.

Hollywood Casino Perryville had $5.4 million in November gaming revenue, down 5.9 per cent from a year ago. Rocky Gap Casino Resort had $4 million in gaming revenue, down 2.7 per cent. But Ocean Downs Casino’s $5.2 million in November gaming revenue was up 34.3 per cent from a year earlier.

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Gambling in the USA

Gaming Americas Weekly Roundup – July 27-August 2

Niji Narayan

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Welcome to our weekly roundup of American gambling news again! It was again an eventful week at the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, financial results and new partnerships. Read on and get updated.

Latest News

Unibet, part of the Kindred Group, has officially entered into the Indiana Sports Betting Market. Unibet is now available to bettors in the Hoosier State, adding to Indiana’s already impressive sports betting landscape.

Online casino and sports betting operator Rush Street Interactive (RSI) and blank-check company dMY Technology Group have announced that they have entered into a definitive merger agreement. As a result of the transaction, RSI will become a publicly listed company on the New York Stock Exchange.

Financial Results

Newgioco Group has announced its operating and financial results for the first quarter of 2020. The Company reported a strong quarter in spite of global economic difficulties and shutdowns caused by the COVID-19 pandemic. Newgioco reported a year over year increase in revenue from $9.3 million to $10.2 million generated from $116 million in turnover (betting handle) during Q1 2020 which represents an increase in revenue of 9.8% over Q1 2019.

Partnerships

FanDuel Group has entered into a multifaceted, betting-focused partnership with The Ringer. As part of the deal, FanDuel has been designated the exclusive sportsbook, racing and fantasy sports partner of the multimedia sports and pop culture content hub created by Bill Simmons.

Transaction technologies supplier JCM Global has entered into a partnership agreement with Cash Processing Solutions which enables JCM to supply advanced high-speed count/sort equipment and cash management software in North America.

Global Payments Gaming Solutions, a division of Global Payments, has announced that Wynn Resorts has implemented its suite of igaming solutions for use in the New Jersey online gaming market. Through Global’s igaming solutions, Wynn Resorts can enable a multi-channel approach, with an online casino and sports betting.

Acquisitions

Mozzart, one of the leading sports betting and gaming companies in Eastern Europe, has acquired Meridianbet, the betting firm licensed by Colombian regulator Coljuegos since 2018. Meridianbet has been rebranded as Mozzartbet.

HeadsUp Entertainment International Inc has entered into the final stage of negotiations to acquire a licensed online sportsbook and online casino platform. HeadsUp revealed that is in the final stages of a deal to acquire between 50% and 100% of shares of the company, which has processed over $110m in wagers and reported over $5.2m in revenue in the past four years.

Soo Kim, the co-founder of hedge-fund giant Standard General, has scooped up three casinos on the cheap since the pandemic struck in March. The three acquired casinos are Bally’s Atlantic City Hotel & Casino, Eldorado’s namesake property in Shreveport and Eldorado’s Montbleu in Lake Tahoe.

New Launching

Video Gaming Technologies (VGT) has launched its first-ever The Hunt for Neptune’s Gold lounge at Osage Casino Hotel, Tulsa on July 31. The 1100 square foot gaming space is adjacent to the hotel lobby and offers 32 of The Hunt for Neptune’s Gold games on the Helix XT cabinet.

Churchill Downs Incorporated has announced that it will launch its BetAmerica sports betting and iGaming platform in Michigan through a partnership with the Hannahville Indian Community.

Compliance

Las Vegas-based GameCo LLC has received a Casino Service Industry Enterprise License from the New Jersey Division of Gaming Enforcement. The company is now able to bring its diverse portfolio of esports betting, skill-based iGaming and Video Game Gambling products to casinos and sportsbooks in New Jersey.

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Gambling in the USA

Habanero strikes Rush Street Interactive deal

George Miller

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Habanero strikes Rush Street Interactive deal
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Supplier debuts games with high-profile online operator in Colombia – with US social casino to follow

Premium slots and table games provider Habanero has announced an agreement with Rush Street Interactive (RSI), the first United States-based gaming operator to launch a legal and regulated online sportsbook on a national basis in Latin America and a market leader in online casino and sports betting in the United States.

The Chicago-based company is known among its industry peers as the preeminent operator in the US online gaming market, having won the EGR North America “Mobile Operator of the Year” Award for 2019 as well as “American Operator of the Year” and “Casino Operator of the Year” at the 2019 American Gambling Awards.

Under the agreement, more than 50 titles from Habanero’s portfolio of engaging slots and table games have been launched on Rush Street Interactive’s RushBet.co, as well as taking its full portfolio of 170 games live with the group’s US-based social casinos in the near future.

The deal sees the supplier’s immersive gaming suite reaching a US audience for the first time, in addition to extending its LatAm reach following a string of major continental partnerships.

Commenting on the deal, Vera Motto, Business Development Executive at Habanero said:We are thrilled to partner with Rush Street Interactive, a highly acclaimed group with an impressive multi-brand portfolio.

“We’re honoured to have been selected by an operator with such high standards and see this as testament to our record-breaking expansion over the past year. We look forward to a long and productive relationship together, especially when it comes to the US.”

Omar Calvo, GM at Rushbet.co added: “Habanero is a premium quality provider with a widely celebrated product suite, so we are delighted to partner with them as we continue to grow our existing catalogue of games for our players to enjoy.

“The supplier’s innovative slots and table games catalogue fits perfectly with our commitment to offer our players the most exciting mobile playing experience in Latin America, and we look forward to a productive commercial relationship across the Americas.”

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Gambling in the USA

IGT Drives Casino Hardware Innovation with Nationwide Launch of PeakSlant49 Cabinet

George Miller

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IGT Drives Casino Hardware Innovation with Nationwide Launch of PeakSlant49 Cabinet
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International Game Technology PLC announced that its newest upright cabinet for casino gaming, the PeakSlant49™ gaming machine, has premiered at casinos throughout the U.S. The sleek, performance-driven cabinet is backed by IGT’s engaging, player-tested content library and includes a range of innovative features that contribute to its remarkable player experience.

“IGT’s PeakSlant49 cabinet is a performance-driven hardware solution that is supported by an exceptional game library with marquee titles such as Fortune Coin Boost! and Bubble Blast slots, and is loaded with compelling technology that makes it attractive to our customers and their players,” said Nick Khin, IGT Chief Operating Officer, Gaming. “As our customers look to IGT for technologies to re-engage their players, differentiate their casino floors, and ignite growth, the PeakSlant49 emerges as a cabinet that they can deploy with confidence given its research-backed design and quality game content.”

The PeakSlant49 cabinet features a progressively curved, 49-inch, ultra-HD touchscreen display that offers players an immersive player experience with ideal game-viewing angles. The cabinet’s innovative Dynamic Player Panel includes a 13.3-inch multi-touch display, inductive wireless charging pad and USB charging port for player convenience. Standing at more than six-feet tall, the PeakSlant49 is equipped with intelligent cabinet lighting and dynamic attract features that make the striking hardware a destination on the casino floor.

The first IGT game title made available on the PeakSlant49 is the celebrated Fortune Coin Boost! video slot game. An evolution of IGT’s award-winning and high-performing Fortune Coin game, Fortune Coin Boost! is a vibrant, multi-level linked progressive with a range of player-favorite mechanics. Other multi-level linked progressive IGT game themes slated for release on the PeakSlant49 include international sensation, Bubble Blast and the compelling Dragon Lights slots.

SOURCE International Game Technology PLC

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