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Gambling in the USA

Penn Gets Licensing Approval from Pennsylvania Gaming Control Board

Niji Narayan

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Penn Gets Licensing Approval from Pennsylvania Gaming Control Board
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Penn National Gaming has secured licensing approval from the Pennsylvania Gaming Control Board. Penn will soon begin the construction on the Hollywood Casino Morgantown.

The development of Hollywood Casino Morgantown represents an overall investment of approximately $111m, inclusive of licence fees for the property’s slot machines and table games. The approximately 80,000sq.ft facility will feature 750 slot machines and 30 table games, with the ability to accommodate an additional 10 table games.

The facility is expected to generate approximately 250 new local jobs and more than 275 construction jobs.

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

$uper Hit$® Jackpot$ Awards its 50th Jackpot

Niji Narayan

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$uper Hit$® Jackpot$ Awards its 50th Jackpot
Image Source: thevirtualgames.com
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Aristocrat’s $uper Hit$® Jackpot$ has awarded its 50th jackpot. A lucky player of the Riverstar Casino in Oklahoma hit the 50th jackpot on the 777 Bourbon Street™ game.

$uper Hit$ Jackpot$ is a 3-reel mechanical wide area progressive appearing on top of player-favorite Aristocrat Class II game titles and has a starting jackpot of $250,000.

“We are thrilled to announce this 50th $uper Hit$ Jackpot$ award. Players everywhere love Aristocrat Class II games, and the added possibility to win a super jackpot adds to the fun. $uper Hit$ Jackpot$ was a game-changing innovation, and our teams continue to create new games and ways for players to maximize their gaming experience,” Nathan Drane, vice president of commercial strategy for game sales said.

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Gambling in the USA

Oklahoma AG Hires Dykema Gossett to Represent the State in Gaming Talks

Niji Narayan

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Oklahoma AG Hires Dykema Gossett to Represent the State in Gaming Talks
Photo Source: kayak.com
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Mike Hunter, the Attorney General of Oklahoma, has agreed to pay Dykema Gossett up to $250,000 to represent the state in negotiations with Oklahoma-based Native American tribes over compacts that allow gambling. Republican Mike Hunter’s office has signed the agreement with the national law firm Dykema Gossett.

“When dealing with issues as complex as compact negotiations, it is important to have experts with experience in this area. Dykema has a proven record of success in tribal compact and gaming negotiations. We believe with their help, we can achieve a successful outcome for both the state and our tribal partners,” Hunter spokesman Alex Gerszewski said.

Discussions between the state and the tribes got off to a rocky start this summer when new Republican Gov. Kevin Stitt said he wanted to renegotiate the deals, suggesting the state should get a larger share of gambling revenue.

Oklahoma’s current gambling compacts call for the tribes to pay the state between 4% and 10% of a casino’s net revenue in “exclusivity fees.” Those fees generated nearly $139 million in payments to the state last year on roughly $2.3 billion in revenue from games covered under the compacts.

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Gambling in the USA

GAN Reports Strong August 2019 Internet Gambling Growth for New Jersey

George Miller

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GAN Reports Strong August 2019 Internet Gambling Growth for New Jersey
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GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, updated the market following the publication on September 12, 2019, by the New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of August 2019 in New Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $41.1 million in August compared to $24.8 million in the prior year period, reflecting a year-over-year increase of 65.7%.
  • Total Internet Sports Wagering Handle(1) was approximately $249.2 million for the month of August, compared to:
    • $213.0 million for the month of July 2019;
    • $226.7 million for the month of June 2019; and
    • $263.6 million for the month of May 2019.
  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $19.2 million, compared to $3.1 million in the prior year period August 2018, reflecting a year-over-year increase of 514.7% and is further comparable to:
    • $13.9 million for the month of July 2019;
    • $6.9 million for the month of June 2019; and
    • $13.7 million for the month of May 2019.
  1. Gross amount of money accepted in wagers
  2. Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.

 

About GAN Plc:

GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN).

For more information please visit www.GAN.com.

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