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Gambling in the USA

Gaming Americas Weekly Roundup – December 7-13

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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, new partnerships and new acquisitions. Read on and get updated.

Latest News

Enthusiast Gaming Holdings Inc. has announced that it has been ranked #7 on Forbes’ 2020 global list of “Most Valuable Esports Companies.” This marks the first time the Company has been included in the Forbes list. The list was announced on December 5 and can be viewed on Forbes.com.

The possible legalisation of casinos in Brazil has gained new support as the journalist Luis Solano takes over as president of the Brazilian Association of Tourism Journalists (ABRAJET) from December 18. Solano has voiced support for the legalisation of casinos as well as other segments such as bingo, slots and Jogo do Bicho. Luiz Solano is a member of the Planalto Academy of Literature and Arts and of the Federal District History and Geography Institute.

According to projections from Virginia Casinos.com, Virginia’s legal sportsbooks could earn as much as $412 million annually, yielding $61.8 million in tax revenue for the State. The projection forecasts 90% of revenue coming from online wagering, with mobile sports betting apps bringing in $375 million annually when Virginia’s market reaches full maturity. Virginia legalised sports betting in July 2020. The Virginia Lottery regulates the state’s sports wagering industry and will license up to 12 different online sportsbook brands.

New Partnership

Foxwoods Resort Casino, which is owned and operated by the federally recognised Mashantucket Pequot Tribal Nation, has entered into a partnership with the sports betting company DraftKings. DraftKings and Foxwoods said the arrangement was “setting the stage to deliver access to online sports betting” in anticipation of legislative and regulatory approvals in Connecticut.

New Acquisitions

fuboTV Inc., the leading sports-first live TV streaming platform, has acquired Balto Sports, a company that develops tools for users to organise and play fantasy sports games. Terms of the deal were not disclosed. The acquisition marks fuboTV’s first move into the online sports wagering market. fuboTV intends to leverage its own proprietary technology along with Balto’s contest automation software to launch a free to play gaming offering.

XLMedia, a leading global digital performance publisher, has announced that it has made a significant step in its expansion into the US sports market with the acquisition of sports gaming and betting business CBWG Sports (CBWG). Under the terms of the definitive documents for the acquisition, XLMedia will pay upfront consideration of $12 million in cash and issue 7,954,546 new XLMedia plc shares, as well as potential future contingent consideration of up to an additional $9.5 million, based on net revenue performance of the acquired business, payable over three years to the end of 2023.

New Launchings

BetMGM has launched BetMGM Casino in Pennsylvania, bringing the digital gaming company’s exclusive portfolio of online slots and table games to players in the Keystone State. BetMGM’s integration with MGM Resorts’ M life Rewards programme allows BetMGM customers in Pennsylvania to redeem their gameplay for world-class experiences at iconic MGM Resorts properties nationwide, such as Bellagio and MGM Grand in Las Vegas, Borgata in New Jersey and MGM National Harbor in Maryland.

PointsBet has launched a new initiative named PointsBet Personal Good Karma Refund, the first of its kind in the burgeoning U.S. sports betting market. The PointsBet Personal Good Karma Refund initiative provides clients the power to decide which bad beat they want refunded at the end of each month. Eligibility will be applied to new clients who have placed 10 or more cash bets in a given month. Beginning 28 December 2020, those clients can then select their personal worst bad beat of the month via the “Settled Bets Page” in the PointsBet app/website.

Gambling in the USA

Gaming Americas Weekly Roundup – May 9-15

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

DraftKings has reported revenue of $417m in Q1 2022, an increase of 34% compared to $312m during the same period in 2021. Revenue for the company’s B2C segment grew to $404m, an increase of 44% compared to the three months ended 31 March 2021.

The Safety Consultation and Training Section (SCATS) of the State of Nevada’s Division of Industrial Relations recognises two Boyd Gaming properties – Main Street Station Casino Brewery Hotel and California Hotel and Casino – for successful entry into the Safety and Health Achievement Recognition Programme (SHARP).

Galaxy Racer has launched a fund in North America to support women in esports. The project, called HER Galaxy, features safe and empowering online platforms for gamers who identify as women.

BetMGM has announced that the first BetMGM Poker Championship is scheduled for June 23-26 at ARIA Resort & Casino in Las Vegas. The tournament, scheduled during the 2022 ARIA Poker Classic, will lead four days of BetMGM poker events.

Saracen Casino Resort has launched its BetSaracen mobile sports betting app and has become the second gaming company in Arkansas to accept mobile wagers. Saracen is also accepting wagers through the BetSaracen website.

Leadstar Media has announced that it is fully licensed and operational in the state of West Virginia. The sports wagering supplier license issued by The West Virginia Lottery allows the company to partner with and promote the legal betting sites in the state.

Partnerships

Ruby Seven Studios has announced a new partnership with Chicago-based online gaming company ODDSworks Inc. This partnership will expand Ruby Seven’s vast content library of games to include ODDSworks’ most popular games across Ruby Seven’s suite of social casino applications.

BetMGM has announced that the company now is the exclusive Sports Betting Partner of the Houston Astros. This marks BetMGM’s first relationship in Texas.

Sycuan Casino Resort announced that the organisation has signed a one-year endorsement deal with San Diego Padres Pitcher Joe Musgrove. As a part of this new agreement, Musgrove will be featured in upcoming marketing campaigns, promotions, social media content and make exclusive casino appearances.

New Appointments

Fanatics has announced the appointment of preeminent fintech, e-commerce and marketing executives Lydia Jett and Jonathan Mildenhall to its board of directors.

Infinite Arcade, the blockchain platform built to launch the mobile games industry into the metaverse, has announced the appointment of marketing industry leader Andrew Dubatowka as Core Contributor to their Product Marketing Department.

Digital audio advertising platform AdTonos has appointed Tony Moustakelis, former Director of Business Development at iHeart Media, as Business Development Director (US).

Super Group announced the appointment of Natara Holloway and Jonathan Jossel to its Board of Directors, effective immediately. These appointments increase the number of independent Board members and take the total directors on Super Group’s Board to nine.

Parleh Media Group announced that popular Canadian soccer broadcaster James Sharman has joined the company as an investor and new Head of Soccer Content.

Game Play Network Inc (GPN) has announced that it has appointed Ian Smith as the company’s Chief Technology Officer (CTO).

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Gambling in the USA

Gaming Americas Weekly Roundup – May 2-8

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

Light & Wonder Inc has announced that the Company has completed the previously announced legal entity name change from Scientific Games Corporation to Light & Wonder Inc in connection with its recently announced rebranding pursuant to the sale of its Lottery business.

Beach Point Capital Management LP has announced a $30 million private credit investment in GAN Limited, a leading full-service internet gaming software-as-a-service provider.

Kings Entertainment has announced that the company’s common shares commenced trading on the OTCQB market under the ticker “JKPTF”. Kings Entertainment’s common shares will also continue to trade on the Canadian Securities Exchange (CSE) under the ticker “JKPT”.

Brazil’s Senate has passed a cryptocurrency law project that seeks to give more clarity and protect users from different cryptocurrency-related scams that have happened in the country. The project will now advance to the Chamber of Deputies, which will be responsible for debating and approving or rejecting this new project.

The Massachusetts Senate has passed a bill that would allow legal sports betting – but with a prohibition on many forms of marketing – in the state. The chamber reviewed Senate Bill 2844, which added a clause to the Massachusetts General Laws clarifying that sports betting, whether online or land-based, was not a form of illegal gaming.

Aristocrat Gaming has broken ground on a new manufacturing facility in Henderson, Nevada. Henderson Mayor Debra March joined hundreds of Aristocrat team members for the groundbreaking celebration.

International Game Technology PLC (IGT) has announced that it has become the first U.S. supplier in the gaming industry to receive Global Gambling Guidance Group (G4) responsible gaming accreditation for its sports betting operations.

Maine governor Janet Mills has signed a bill that would allow for both retail and tribal-operated online sports betting into law. LD 585 would allow for the state’s four Native American tribes to apply for a license to operate online sports betting.

Ainsworth Game Technology has successfully installed its award-winning Historical Horse Racing System (HHR) and 100 machines at The Brook in Seabrook, N.H. It marks the first time HHR machines have been utilised in the recently opened New Hampshire market.

The Michigan Gaming Control Board (MGCB) has announced the addition of fantasy contest operator license applications to its official website. The agency may now issue two types of licenses.

FlowPlay has announced the launch of a new in-game fundraising campaign to benefit the American Cancer Society (ACS).

Partnerships

FanDuel Group has announced a multi-year partnership renewal to become an Official Sports Betting Partner of the New York Yankees.

playAWARDS has added experiential entertainment brand Lighthouse Immersive to its growing portfolio of reward partners.

New Appointment

FanDuel Group has appointed David Jennings as its Chief Financial Officer. Jennings will be responsible for oversight of all FanDuel’s finance functions including FP&A, strategy, accounting, procurement, tax and treasury in support of the company’s Sportsbook, Casino, Racing, Daily Fantasy, Retail and corporate functions.

New Acquisition

Playmaker Capital Inc. has acquired The Sports Drop, a US-based sports media company that focuses on NFL, NBA, MLB and collegiate sports coverage.

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Compliance Updates

EveryMatrix signs patent license agreement with IGT

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EveryMatrix signs patent license agreement with IGT
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iGaming provider EveryMatrix has just signed a patent license agreement with IGT, holder of the largest slot game feature patents portfolio in North America.

This agreement will allow EveryMatrix to offer slots across North America that utilize patented game features within IGT’s portfolio and others in IGT’s game features patent licensing program, increasing EveryMatrix’s reach and strengthening its position in the U.S. and beyond.

Erik Nyman, President EveryMatrix Americas, comments: “Signing a patent license agreement with IGT was an important milestone in our U.S expansion. Through this agreement, EveryMatrix will have access to IGT’s game feature patents, allowing us to distribute our gaming content to partners across North America.”

Stephen Calogero, VP and Deputy General Counsel, Global Gaming and Intellectual Property at IGT said: “We are pleased to add EveryMatrix as a member of the game features licensing program which has fostered unprecedented innovation for game mechanics across the industry.”

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