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Casino Essentials Announces Details of 12th Annual AML Conference

Niji Narayan

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Casino Essentials Announces Details of 12th Annual AML Conference
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Casino Essentials has announced the names of the inaugural keynote speaker of its 12th annual AML Conference in gaming. Kenneth Blanco, the Director of FinCEN, will inaugurate the conference with a keynote speech on the first day of the three-day event. There will be further keynotes, panel discussions and presentations from FinCEN’s Enforcement Division, the Chief of IRS Criminal Investigations and the Chief of Money Laundering and Asset Recovery Section of the Department of Justice.

The Bank Secrecy Act or BSA requires financial institutions including casinos in the United States to assist government agencies to detect and prevent money laundering.

In 2018, Casino Essentials’ National AML conference attracted high profile speakers from FinCEN, IRS and DOJ. More than 600 gaming professionals, regulators and attorneys attended the annual conference in Las Vegas, developed by Casino Essentials in partnership with the Dowling Advisory Group (DAG).

“Attendees will hear from the most experienced legal and regulatory experts in the gaming industry,” said Jim Dowling, the Managing Director of The Dowling Advisory Group (DAG). “Our extensive experience with AML compliance allows us to connect casino professionals with federal regulators to address the most challenging issues in the gaming industry.”

 

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 Bill of Michigan Moves Forward

Niji Narayan

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Sports Betting Bill of Michigan Moves Forward
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A sports betting bill would allow organised sports betting in Michigan casinos and online was passed out of a state house committee. State Representative Brandt Iden of Kalamazoo is sponsoring the legislation.

“Because this is already going on in the market place so we can protect those people who want to play and want to play legally, and we can, you know, make the state a little bit of money, which I think is also a positive,” Iden said.

Iden hopes the bill continues to make its way through the legislature and onto Governor Gretchen Whitmer’s desk before Superbowl season.

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Gambling in the USA

Gaming Innovation Group extends Hard Rock’s sportsbook in Iowa

George Miller

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Gaming Innovation Group extends Hard Rock's sportsbook in Iowa
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We found in a new press release that

Gaming Innovation Group Inc. (GiG) has reached an agreement with its partner, Hard Rock International (Hard Rock), to support its market entry with sports betting in the US state of Iowa. The sportsbook will initially launch with an over-the-counter solution on the casino floor at the Hard Rock Hotel & Casino Sioux City in Iowa. This will be followed by the launch of online and mobile sports betting in Iowa, expected in Q4 2019.

In Iowa, Hard Rock will offer a similar seamless and engaging betting experience for its consumers as it has already delivered in New Jersey, with an omni-channel sportsbook solution based on GiG’s modern and flexible technology.

For GiG, this means the Company will be able to leverage its platform in the US adding more scale to its network and revenues to the business. GiG already has the groundwork done in New Jersey after a successful proof of concept suitable and relevant to the American audience.

Iowa is one of the 12 states in the US legalising sports wagering since the US Supreme Court overturned the federal sports wagering ban in 2018. In August this year, the Iowa Racing and Gaming Commission (IRGC) authorised the 19 casinos in the state to offer statewide retail, online and mobile sports betting to consumers aged 21 or over. Iowa has approximately 3.2 million inhabitants and should also benefit with visitors from neighboring states such as Nebraska and Minnesota. It has an estimated mature sports betting market valued at revenues of around $160 million based on the total amount of money wagered by consumers. The tax rate on the sports betting revenue is 7.5%.

GiG expects this agreement to have limited impact on its revenues in 2019, with an increasing contribution from the launch of online and mobile betting in 2020 onwards.

Kresimir Spajic, Senior Vice President of Online Gaming at Hard Rock International says, “We’re excited to extend our partnership with GiG to support sports betting in Iowa, and further grow our sportsbook portfolio.”  

“Offering sports betting through GiG provides our players and guests a new level of engagement – we couldn’t be more thrilled to be launching in Iowa,” Jim Franke, General Manager of Hard Rock Hotel & Casino Sioux City.

Richard Brown, acting Chief Executive Officer of GiG says, “After a successful launch in New Jersey, I am delighted to further deepen the relationship with Hard Rock, delivering on our strategy to grow with our partner by entering a new state in the US with our sportsbook. The agreement is both a testament to our know-how and prowess to lead a land-based casino into the digital world of betting, and a strong validation of GiG’s commercial and product delivery capabilities. We are looking forward to growing with our partner long term. We have mutual ambitions to entertain consumers with a safe and exciting first-class sports betting experience.”

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Gambling in the USA

Vegas Golden Knights home opener viewing party at the Plaza Hotel & Casino

George Miller

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Vegas Golden Knights home opener viewing party at the Plaza Hotel & Casino
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The Plaza Hotel & Casino will host a free viewing party for the Vegas Golden Knights home opener against the San Jose Sharks on Wednesday, Oct. 2.

The free viewing party, open to all ages, will be held in the Plaza Events Center, which has 18 large screen high definition televisions, two projectors and a state-of-the-art sound system, making it one of the best sports viewing experiences in downtown Las Vegas.

Guests can toast the Knights with an exclusive $4 12 oz. Training Day draft beer from 7Five Brewing, Ryan Reeves’ Official Vegas Born Beer (while supplies last). A special $2 Irish Whiskey Shot will also be available with any draft beer purchase. The party will also offer pizza and wing specials from Pop Up Pizza and beer buckets: Domestic (5 bottles for $25) or Imported (5 bottles for $30).

Throughout the game, the Plaza will giveaway official VGK licensed Items, such as lanyards, car gear, hats, bags, VGK wine, and select inaugural season Items. One lucky guest will also have a chance to win a 2-night complimentary stay in one of the Plaza’s newly renovated premium Luxe rooms (restrictions may apply). Each guest will receive one complimentary drawing ticket upon entry for a chance to win prizes (21 years of age or older for certain items).

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