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Gambling in the USA

Spectrum Gaming Sports Group, Econsult Solutions to Project Economic Impacts of Sports Betting for States, Operators

George Miller

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Spectrum Gaming Sports Group, Econsult Solutions to Project Economic Impacts of Sports Betting for States, Operators
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Econsult Solutions Inc. (ESI), a global leader in economic forecasting, is partnering with Spectrum Gaming Sports Group, a unit of international gaming consultancy Spectrum Gaming Group, to assist governments and gaming operators in projecting the comprehensive economic impacts of legal sports betting.

ESI and New Jersey-based Spectrum, which have worked together on multiple economic impact studies, will combine their gaming and modeling expertise to measure the myriad impacts of sports betting, including gaming demand, revenue generation (gaming and non-gaming), tax generation (income, sales, property and other applicable), job creation (direct, indirect and induced), visitation and other aspects.

Spectrum, whose principals pioneered the study of gaming’s impacts in markets throughout the world, views sports betting and other emerging forms of gaming as the tip of an economic spear that, if structured properly, can generate benefits far beyond the amounts directly wagered.

All stakeholders must carefully assess and understand the full impacts of sports-betting policy before those policies are enacted,” said Spectrum Managing Director Michael Pollock, who began studying the economic impacts of gaming in the 1980s, when he wrote the award-winning book “Hostage to Fortune: Atlantic City and Casino Gambling,” published by the Center for Analysis of Public Issues in Princeton, NJ. Pollock served on the faculties of New York University, Rutgers University and Stockton University, and led the formation of Spectrum Gaming Sports Group to address issues related to the expansion of sports betting.

ESI offers unique expertise at the intersection of economic development, public finance, entertainment and tourism, with decades of gaming experience, having studied the actual and potential economic and fiscal impacts of casino, gaming and e-gaming projects in California, Indiana, Iowa, Kansas, New Jersey, New York, and Pennsylvania, for public and private clients.

Stephen P. Mullin, President; Dr. Peter Angelides, Senior Vice President; and Dr. Daniel Miles, Vice President, who oversee the gaming projects of the company, have worked on comprehensive analyses and delivered gaming policy recommendations, notably for the Pennsylvania Legislative Budget and Finance Committee for which they analyzed the current condition of casino gaming in Pennsylvania as well as the future gaming environment. They have applied both IMPLAN and REMI input-output modeling systems to estimate the economic and fiscal impacts of public policies and have taught graduate-level economics, public policy, public finance and planning at various universities, including the University of Pennsylvania.

 

About Spectrum Gaming Group:

Spectrum has performed advisory and consulting work for gaming operators, regulators and legislatures in 36 US states and territories and 47 countries on six continents. Spectrum serves as Executive Director of NCLGS, an organization of lawmakers that shares the goal of promoting best practices. Spectrum’s sister companies include Spectrum Gaming Capital, based in New York, and Spectrum Asia, based in Bangkok and Tokyo. For more information, contact solutions@spectrumgaming.com.

About Econsult Solutions, Inc. (ESI): Econsult Solutions, Inc. (ESI). ESI is a Philadelphia-based economic consulting firm. It provides businesses and public policy makers with economic consulting services in urban economics, real estate economics, transportation, public infrastructure, economic development, public policy and finance, community and neighborhood development, and planning, as well as expert witness services in support of litigation. For more information, visit www.econsultsolutions.com or contact Stephen Mullin at mullin@econsultsolutions.com.

 

Source: Spectrum Gaming Group

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Caesars Gets FTC Clearance for Sale of Rio All-Suite Hotel and Casino

Niji Narayan

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Caesars Gets FTC Clearance for Sale of Rio All-Suite Hotel and Casino
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Caesars Entertainment Corp. has got clearance from the Federal Trade Commission for the sale of its Rio All-Suite Hotel and Casino to a New York-based real estate group.

Caesars announced last month that it has entered into an agreement to sell Rio All-Suite Hotel and Casino to a company controlled by a principal of Imperial Companies of New York City for $516.3 million.

The hotel and casino resort’s new owner will lease it back to Caesars for at least two years. Under their lease agreement, Caesars will pay $45 million in annual rent.

While the FTC clearance is an important step towards the finalisation of the deal, it also needs shareholder and regulatory approval from Nevada casino regulators.

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Gambling in the USA

Digitain set to showcase latest U.S. strategy and products at G2E 2019

George Miller

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Digitain set to showcase latest U.S. strategy and products at G2E 2019
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Leading provider heads to Las Vegas with pioneering sportsbook and a G2E gameplan for expansion

Leading platform provider Digitain is on site and all set for next week’s Global Gaming Expo 2019, which runs from 14-17 October at the Sands Expo Convention Center, Las Vegas.

Spearheaded by a dedicated sales force with proven experience delivering industry-leading B2B solutions across online and retail sports betting technology, the Digitain team will be on hand to advise delegates as to its North American strategy, featuring a wide-ranging product portfolio and trading tools which lead the field.

After PASPA’s landmark repeal last year, regulated state-by-state sports betting is gathering progressive pace and traction. Accordingly, G2E 2019 – the largest igaming gathering of the year stateside – provides a must-attend conference at which to both distil and illuminate the North American opportunity, as the U.S. market continues to coalesce and crystallise its potential.

Digitain’s definitive sportsbook solution and trading tools are tailor-made for the demands of live betting in a fragmented legislative landscape, facilitating rapid integrations across the world, all supported by centralised control systems.

In total, this sportsbook product covers 65 sports, covers 7,500 leagues, and offers more than 3,000 betting markets. It also offers odds on 35,000 live events each month, while its casino solution has 3,000-plus games from major casino suppliers (such as Novomatic, Microgaming, NetEnt and Playson).

Simon Westbury, Digitain’s Director for International Business Development, said: “G2E 2019 provides us with a perfect venue at which to underline the quality and innovation we bring to the sports betting industry. Our platform was specifically designed for fast deployment across multiple territories.

“Unlike the cookie-cutter solutions that increasingly dominate the U.S. landscape, Digitain can work flexibly with operators state-by-state to offer tailored front-ends which speak to representing their individual brands accurately, thanks to a customisable user interface. It’s a brave, new world.”

Suren Khachatryan, CCO at Digitain, added: “I’m hugely optimistic about the U.S. market for sports betting, and requests for proposal in the U.S. have been very encouraging. We’re noticing a surge in interest from southern states such as Mississippi, while even the likes of New Jersey and Nevada retain potential. It’s a fascinating time, particularly with more mature states about to release figures on the current NFL season (certain to be a core revenue-driver). But it’s still an embryonic period where operators must not make rushed decisions in the collective stampede to market.”

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Gambling in the USA

DWG to attend G2E

George Miller

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DWG to attend Global Gaming Expo
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Supplier heads to Vegas to explore future opportunities

Leading games provider and operator Design Works Gaming (DWG) will be attending G2E next week as it looks to strengthen its global position across its three business verticals.

DWG operates five social casinos, has a strong reputation for creating hit land-based slot games and will soon be entering the real money gaming market in several territories, including Europe and New Jersey.

As an omni-channel supplier, DWG will be attending the show which takes place in Las Vegas between October 15-17, to connect with industry stakeholders and potential clients from multiple verticals and jurisdictions.

Andy Harris, CEO of DWG UK, said: “G2E has traditionally been an event for the land-based gaming industry but with the recent regulatory developments in the U.S. we have seen a shift towards online gaming and an increased interest from European operators and suppliers.

“As a company, we have also evolved to become both omni-channel and omni-market which makes G2E the perfect event for us as we look to expand in our own territory in the U.S. as well as across the pond.”

DWG uses data collected from its land-based and social operations to advise partners on which of its games will perform best in key territories around the world. This data is also used to inform the development of its future products.

All of DWG’s games and player-focused promotional tools are created in-house at its Scottsdale headquarters.

To set up a meeting with DWG at G2E, please email hello@designworksgaming.com.

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