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Gambling in the USA

DraftKings Joins NCPG as Platinum Member

Niji Narayan

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DraftKings Joins NCPG as Platinum Member
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DraftKings has joined the National Council on Problem Gambling (NCPG) as a Platinum member, to further the development and implementation of responsible gambling practices.

“I am thrilled that DraftKings, a leader in online gaming and sports betting, has joined NCPG. This marks a new era in our work to raise awareness about problem gambling and provide resources for responsible gambling. We are excited to work with DraftKings to utilize technology and data to increase our mutual understanding of player behavior and reduce the risks for gambling problems,” Keith Whyte, Executive Director of NCPG said.

DraftKings’ NCPG Membership supports the wide-ranging problem gambling prevention, treatment, education, and research programmes, as well as innovative responsible gambling policies.

“From the moment someone registers a DraftKings account, our top priority is ensuring every user has an engaging, fun and, most importantly, a safe experience. We are proud to partner with a leading responsible gaming organization like the NCPG to ensure our internal efforts are informed by independent experts. DraftKings is committed to being a leader in responsible gaming efforts as we continue to expand our product into new states and more Americans have access to legal, mobile sports betting, and iGaming,” Tim Dent, Chief Compliance Officer of DraftKings said.

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Compliance Updates

EveryMatrix moves forward in New Jersey

George Miller

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EveryMatrix moves forward in New Jersey
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B2B iGaming supplier EveryMatrix has obtained Completed Application status issued by the New Jersey Division of Gaming Enforcement (DGE).

To successfully operate in the U.S., EveryMatrix will further require customer integration approval as part of the transactional waiver process to receive the green light to ‘Go Live’. By receiving Completed Application status from the DGE, EveryMatrix has provided all required application information on the company and its key officials in line with New Jersey’s law and iGaming standards.

Since Garden State’s gaming regulation came into effect in 2014, the industry has grown to a whopping $6 Billion in 2020.

Erik Nyman, President Americas at EveryMatrix, says: “I am very pleased that DGE has accepted as complete the application filings of the EveryMatrix Group of companies. Certainly, this is an important milestone for us and puts us on the verge of making our world-class platform and services available to licensed operators in the U.S. market.

“Since New Jersey regulated online gaming in 2014, their framework has played an important role for other states in their process to regulate and implement online gaming. We are very excited to soon be live in New Jersey while we are engaging in several license processes across the U.S.”

As a leading B2B provider of turnkey platform, casino, and sportsbook, EveryMatrix’s expansion plans gained shape in August 2020 with the opening of EveryMatrix Americas branch. To date, the company is on the fast track of securing a full operating license in New Jersey and is pursuing licensing in several other U.S. states.

EveryMatrix is making strides in the U.S., key milestone including the opening of its first U.S. based office in Miami, Florida, and the newly inked partnership with iDevelopment and Economic Association (iDEA) to make new ties to the U.S. iGaming industry.

 

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Gambling in the USA

Gaming Americas Weekly Roundup – April 26-May 2

Niji Narayan

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Reading Time: 4 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in 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 and new partnerships. Read on and get updated.

Latest News

SLING TV, a leading live TV streaming service, has launched a new exclusive sports betting information channel in collaboration with DraftKings. SLING TV subscribers and SLING Free users can now view real-time game scores and betting odds on the DraftKings Basketball channel. SLING TV will also launch DraftKings Baseball and DraftKings Hockey channels in the coming weeks. The expansion of the DraftKings sports betting information channels on SLING TV comes after the two companies announced a strategic agreement across DISH’s portfolio of brands to bring DraftKings’ sportsbook and daily fantasy experiences directly to its customers nationwide. DraftKings is a leader in sports betting and daily fantasy sports space in the US.

Churchill Downs Incorporated has launched TwinSpires Sports mobile app in Indiana and TwinSpires Casino & Sports app in Pennsylvania. The Company also launched its online sports betting operations in Colorado with TwinSpires Sports mobile app and desktop product. TwinSpires players in Indiana, Pennsylvania and Colorado will now be able to bet on professional sports including NBA, NFL, MLB, NHL and PGA, as well as collegiate sports and events from around the world. In Pennsylvania, online casino players will be able to enjoy traditional casino games such as blackjack and roulette, as well as a large selection of online slots and “live dealer” games.

Florida Gov. Ron DeSantis has reached an agreement with the state’s Seminole Tribe that would expand gambling in the state, including the introduction of legalised sports betting. The tribe would be allowed to offer sports gambling at its casinos in South Florida and near Tampa and will be allowed to license horse tracks, jai-alai frontons and former dog tracks to accept such wagers on its behalf for a share of the income, the Republican governor announced. The tribe will also be allowed to introduce craps and roulette at its seven casinos, including the popular Hard Rock near Fort Lauderdale. The state would get at least $2.5 billion from the tribe over the first five years and at least $6 billion by 2030.

Betway’s parent company Super Group is nearing a deal to go public through a merger with blank-check acquisition firm Sports Entertainment Acquisition Corp at a valuation of about $5.1 billion. The deal comes as Betway, which has its roots in Europe, expands in the US. Betway has also agreed to acquire Digital Gaming Corp, tapping the online sports betting and gaming market in 10 U.S. states. Shareholders accounting for more than two-thirds of Super Group’s equity will maintain their stakes under the deal. Sports Entertainment’s executive chairman Eric Grubman will become chairman of Super Group and Sports Entertainment CEO John Collins will join Super Group’s board.

The Brazilian Institute for Legal Gambling (IJL) has called for the Supreme Federal Court (STF) to set a date to discuss the decriminalisation of gambling in Brazil. Although the regulation of gaming in Brazil has been held up, it could see a good resolution with a favorable ruling from the STF. The judicial body has yet to judge resolution 966.177, which could decriminalise gambling. So far there is no official date for this to happen. The court had originally set April 7 as the date to evaluate the appeal but it didn’t have time to do so. Since then it has been delayed indefinitely. The IJL is now pushing for a new date to be set for the dispute to be resolved.

Partnerships

TikTok has partnered with Enthusiast Gaming and e.l.f. Cosmetics to launch “TikTok Gamers Got Talent”. Premiering Sunday, May 9, 2021 at 7:00 PM EST, this content series will mark the inaugural search for the TikTok gaming community’s hidden talents. This exclusive seven-week live series will follow contestants as they show off their diverse talents and compete in front of millions of fans for a chance to win $25,000 and e.l.f. products. From guitar riffs to trick shots to cooking and everything in-between, TikTok Gamers Got Talent is an opportunity for gamers and gaming fans on TikTok to showcase their most impressive skills to a panel of celebrity judges.

Global esports organisation Gen.G and American gas station brand Conoco have joined forces and hosted a first-of-its-kind college esports rivalry week between University of Colorado and University of Montana esports programmes. This marked Conoco’s first-ever activation in the esports space. Rivalry Week was a two-day event pinning the Buffaloes and Grizzlies against each other in Rocket League on April 27 and Minecraft on April 29. The livestream was distributed via Katz LIVE across CTV platforms.

A partnership between Mazooma, the gaming industry leader for bank account-based payments, and Fifth Third Bank is bringing real-time withdrawals to sports wagering and iGaming industries through the RTP network from The Clearing House. The offering, now live for all of Mazooma’s operators, enables players to receive payouts immediately into their bank accounts safely and securely. Immediate payouts are a win-win for both players and operators. Players enjoy peace of mind with the option to access their winnings instantly. For the gaming operator, real-time withdrawals offer a better user experience than any other payment method available.

New Appointment

Rush Street Interactive has appointed Lauren Seiler as Associate Vice President of Investor Relations and Development. Ms. Seiler brings to RSI over 17 years of diversified Wall Street experience, with 12 of those years being gaming-centric. As a long-time industry specialist, she brings an in-depth knowledge of iGaming, sports wagering, land-based operations and finance, along with extensive relationships within the buy and sell-side investor communities to the organisation. In this newly created role, Ms. Seiler will lead RSI’s Investor Relations efforts, while also working with the team to drive RSI’s growth, development, and M&A initiatives.

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Gambling in the USA

Gaming Americas Weekly Roundup – April 19-25

Niji Narayan

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Reading Time: 4 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in 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 and new partnerships. Read on and get updated.

Latest News

Betsson Perch Investments AB, a subsidiary of Betsson AB (publ) (Betsson), has acquired a 50% stake in the software development company JDP Tech Ltd, which owns a proprietary technology platform for handling LatAm payments. The consideration payable for the shares amounts to EUR 8.8 million. This allows Betsson to secure customer payment flows for the continued expansion in Latin America.

Nevada Gov. Steve Sisolak has announced that the casinos in the state can operate at full capacity from June 1. Nevada is one of the leading tourist destinations in the world and has dramatically suffered due to the coronavirus pandemic. At one point last year, the entire state was shut down for three months until mid-June. But even then capacity limits were in place and hotel casinos were begging to return to full capacity. Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, said the vaccines played a huge role.

According to PlayMichigan, the online sportsbooks in Michigan set fresh records for handle and revenue, reaching nearly $400 million in online and retail bets in March and surpassing $30 million in online revenue, while online casino revenue approached $100 million. The NCAA Tournament spurred Michigan’s online sportsbooks to $359.5 million in handle, according to official data released. That total was up 19.1% from $301.9 million in February. Combined with the state’s $24.2 million retail handle, Michigan’s online and retail sportsbooks collected $383.7 million in bets. That overall total is up 17.8% from $325.6 million in bets in February.

Caesars Entertainment has revealed its plan to invest $400 million into its Atlantic City resorts by 2023. In Atlantic City, Caesars owns and operates three of the region’s preeminent casino destinations – Caesars, Harrah’s Resort and Tropicana Atlantic City. The plans include remodeled room towers; freshly appointed interior design elements; enhancements to the casinos’ gaming floors; new dining concepts with acclaimed restaurant partners; and many more exciting additions within the next three years.

Argentine organisation KRÜ Esports has selected international marketing agency Vanquish as its exclusive commercial agent. KRÜ Esports was established in October 2020 and is founded by Manchester City striker Sergio Agüero. KRÜ Esports currently has three partners in the form of GIGABYTE gaming brand AORUS, streaming platform Twitch and American multinational semiconductor company AMD.

Scientific Games Corporation has signed an agreement with Gold Dust Casino to install its iVIEW displays across 233 slot games and seven table games in addition to SDS and CMP core systems. iVIEW technology enables operators to show dynamic marketing content, animations and videos on the gaming machine while providing an instant response through a sophisticated multi-touch display. iVIEW uses player-friendly graphical widgets to enable marketing teams to easily update content throughout the property, significantly enhancing the player experience.

Betsson Perch Investments AB, a subsidiary of Betsson AB (publ), has acquired a 35% stake in Strive Platform Ltd (Strive) for a total amount of USD 6.5 million. Upon launch in the US, planned for the second half of 2021, Betsson has an option to increase its shareholding in Strive by another 5% for the consideration of USD 1 million. Betsson will also grant to the company a convertible shareholder loan facility of USD 2.5 million.

Partnerships

Phoenix Suns and FanDuel Group have announced a multi-year market access partnership designating America’s #1 Sportsbook operator as the Suns’ Official Sportsbook and Daily Fantasy Sports Partner. As part of this new commercial arrangement, FanDuel will open a luxury sportsbook retail location inside the Phoenix Suns Arena. The sportsbook is expected to be completed in time for the 2021-22 NBA season.

The Professional Fighters League (PFL) has announced a new, multi-year partnership that designates DraftKings as the Official Sportsbook and Daily Fantasy Partner of the PFL. The partnership will give MMA, daily fantasy and sports betting fans a truly unique viewing and gaming experience utilising PFL’s proprietary SmartCage technology.

Ainsworth Game Technology has partnered with Konami Gaming to launch historical horse racing machines (HRMs) for Churchill Downs Incorporated (CDI). Konami’s newly engineered historical horse racing machines will operate on Ainsworth’s proprietary Historical Horse Racing System. Konami’s HRMs include a suite of popular game titles and cabinet platforms. The machines will be deployed at CDI’s HRM facilities in Kentucky, including Derby City Gaming, Oak Grove Racing, Gaming & Hotel and Newport Racing & Gaming.

New Appointments

Rush Street Gaming has announced that Justin Moore, former general manager of Rivers Casino & Resort Schenectady, has been named general manager of Rivers Casino Philadelphia, pending approval from the Pennsylvania Gaming Control Board. Justin joined Rivers in Schenectady soon after the property opened in 2017. He helped establish the Rivers Casino brand in a new and competitive market, operated The Landing Hotel and debuted New York’s first sportsbook—all while leading dynamic teams and earning a market-leading position.

Scientific Games Corporation has announced that Victor Blanco will join the Company in 2022 as Chief Technology Officer. In this role, Blanco will oversee Scientific Games’ technology strategy to support the Company’s leadership across gaming, lottery, sports betting and iGaming as well as support the development and execution of the Company’s great games.

DraftKings has appointed Gisele Bündchen, an environmental activist, philanthropist and former super model, as a special advisor to the company’s CEO and board of directors for environmental, social and governance (ESG) initiatives. Bündchen has been recognised in Time Magazine’s 100 Most Influential People in the World and 100 Fashion Icons lists, appeared in hundreds of campaigns for the most prominent and iconic brands, graced more than 1200 magazine covers worldwide and walked the runway in close to 500 fashion shows. She is a prominent supporter of numerous environmental and social projects.

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