Gaming Americas Weekly Roundup – June 15-21

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 includes new deals, new investments, donations and revenue estimations. Read on and get updated.

New Deals

ROAR Digital has entered into a long-term partnership with the Confederated Tribes of Grand Ronde and become the Tribes’ exclusive sports betting partner. Under the long-term agreement, ROAR Digital will open a BetMGM Sportsbook at Spirit Mountain Casino this year.

Pearl River Resort has selected Konami Gaming’s award-winning SYNKROS casino management system to replace an existing system at its Bok Homa Casino in Sandersville, MS.

With the launch of SYNKROS at Bok Homa Casino, guests can enjoy seamless loyalty rewards across every Pearl River Resort gaming destination, including Silver Star Hotel & Casino and Golden Moon Hotel & Casino in Choctaw, MS.

New Investments

Private equity firm Bootstrap Ventures has invested $1 Million in Perpetual Media’s consumer behaviour driven advertising platform, Perpetual TV.

Following their official private equity firm announcement, Bootstrap Ventures began their first strategic investment. After reviewing the opportunity, executive team and capabilities of Perpetual Media, Founder Dennis Rogers recognised the ability Perpetual Media has to disrupt the marketing space.

New Launchings

Sky Ute Casino Resort has launched Sky Ute SportsBook, a new mobile sports betting app. The new app allows anyone, 21 years old or older, in the state of Colorado to place bets on most popular American sports events, including football, basketball, baseball, golf, NASCAR and most college sports.

Wisconsin Lottery has started midday drawings. The lottery will hold draws for three of its games twice a day. The state’s Pick 3, Pick 4, and All-or-Nothing games will all add new midday draws. Until now, they have only had evening drawings.

Revenue Estimations

According to an estimate by PlayPennsylvania, the revenue from retail and online sportsbooks in Pennsylvania has risen in May, but lost out on about $275 million in potential bets. Also, the gamblers turned to online casinos and poker rooms in record numbers.

According to a new analysis by PlayMichigan, the closure of 26 casinos in Michigan has cost the state and local governments nearly $100 million in tax revenue during the first three months of the shutdowns.

As Michigan moves towards reopening its casinos, PlayMichigan’s analysis shows how much revenue has been lost over the last three months.

Financial Report

GAN Limited has updated the market following the publication on June 16 by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for May 2020 in Pennsylvania.

Internet Gaming Win was $55.8 million in May, reflecting an increase of 29.7% from the prior sequential month. Total Internet Sports Wagering Handle was approximately $77.5 million, up 68.4% from the prior sequential month. Internet Sports Wagering Gross Revenues (after payouts) in May were $5.9 million, compares to $3.2 million in April.

Donations

Sycuan Casino Resort has donated $5000 to the La Mesa Business Disaster Recovery Fund. The donation was in support of small businesses that were affected by looting and property damage stemming from recent riots in La Mesa.

The East County Chamber of Commerce Foundation is spearheading this relief fund to help rebuild the La Mesa community.

Safety Measures

To enable social distancing, Simplicity Esports and Gaming Company is going to expand the floorplan of their gaming centres. Simplicity announced that it has received multiple proposals from commercial property owners to open 8000 to 12,000 sq. ft. esports gaming centres.