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Gambling in the USA

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

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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 [email protected].

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 [email protected].

 

Source: Spectrum Gaming Group

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Gambling in the USA

Gaming Americas Weekly Roundup – September 11-17

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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 and new partnerships. Read on and get updated.

Latest News

Potawatomi Hotel & Casino has opened the second phase of its $190m renovation project with two new gaming areas; ElevenHundred and the Atrium, offering more slots, table games, new bars and new restaurants.

Tipico Sportsbook has launched a new digital marketing campaign for the NFL and college football season. Named “Bet Against Your Rival,” this initiative engages NFL fans in Colorado, Ohio and New Jersey, where Tipico operates. The eligible customers in these states will receive weekly bet credits, allowing them to bet against their home team’s historic rivals.

Rush Street Interactive’s BetRivers and PlaySugarHouse platforms have introduced the Prop Central offering to coincide with the start of the NFL season. The product presents multiple player prop wagering options in one location, allowing bettors to navigate through the range of markets with fewer clicks.

Caesars Entertainment, in partnership with Keeneland and Red Mile Gaming & Racing, celebrated the grand opening of Caesars Sportsbook at Red Mile. The more than 4600-square-foot sportsbook in Lexington is the only retail sportsbook in Central Kentucky.

Yaamava’ Resort & Casino at San Manuel has been named the winner in two categories in the 2023 USA Today 10Best Readers’ Choice Awards. First for the Best Casino Outside of Las Vegas, ranked No. 1 among fans nationwide; and Yaamava’s fine dining restaurant, The Pines Modern Steakhouse, was also voted the “Best Casino Restaurant” this year.

Mohegan INSPIRE has appointed Chen Si as its President and Wade Howk as its chief operating officer. As President, Chen Si will guide strategic planning and operational results at Mohegan INSPIRE. As COO, Wade Howk will serve as the second in command at the property and assist the President, Chen Si, in carrying out his duties.

Betfred USA has appointed Kresimir Spajic as its new CEO. He will spearhead the sportsbook’s vision, strategy and operational execution across ten US states, which include the likes of Colorado, Ohio and Nevada.

Partnerships

Table Trac Inc. announced it has signed an agreement to replace a competitor’s system with the CasinoTrac casino management system, for the Red Cliff Band of Lake Superior at Legendary Waters Resort and Casino, in Bayfield, Wisconsin.

Braight AI has formed a strategic partnership with Amazon Web Services (AWS) in Mexico. The collaboration marks a significant milestone for Braight as it extends its international reach and harnesses the power of AWS cloud services to equip financial institutions in Mexico to make informed data-driven decisions, mitigate risks and optimise their marketing strategies.

Quick Custom Intelligence (QCI), a leading enterprise solutions provider, announced an extension of their partnership with Black Oak Casino & Resort. Building on the success of the QCI Enterprise Platform, Black Oak will now incorporate the QCI Power Pack and Events modules to elevate guest satisfaction and bolster profitability.

Genius Sports Limited has struck a new partnership with Snap Inc. to power immersive augmented reality (AR) fan experiences via Snapchat Lenses. Genius Sports will help to power the next wave of Snapchat Lenses through NFL Official League Data, providing millions of fans with phone-based, highly shareable content.

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Gambling in the USA

Gaming Americas Weekly Roundup – September 4-10

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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 and new partnerships. Read on and get updated.

Latest News

MGM Resorts International and BetMGM announced that they are launching a responsible gaming campaign at nine National Football League (NFL) stadiums, promoting their responsible gaming programme GameSense during this football season. With this development, MGM Resorts and BetMGM are among the first gaming operators to promote responsible gaming through marketing within League venues.

Mobile sports betting is coming to Kentucky, and Caesars Entertainment announced that its flagship sports wagering app, Caesars Sportsbook, is now available for download and registration. Sports fans who want to prepare for the launch of mobile sports wagering can download the Caesars Sportsbook app on iOS and Android or visit caesars.com/sportsbook on desktop to register and take advantage of a special early deposit offer when depositing between September 7 and 27.

Pragmatic Play has launched a localised Roulette table for operators in Brazil. Creating its first Brazilian Portuguese-language version of its leading Live Casino product, the new release includes Pragmatic Play’s signature high-quality studio, boasting a 4K immersive view which Brazilian operators will now benefit from.

BetMGM announced that Buffalo, a land-based casino favourite, is now available at its online casino. BetMGM is the world’s first online casino to offer the Buffalo slot. Buffalo now is available to play at BetMGM in New Jersey and the operator plans to launch the game in the near future in Pennsylvania and Michigan.

SharpLink Gaming announced the successful launch of LeagueSafe’s new, highly rated mobile app, with over 16,000 downloads by fantasy sports players since the app’s debut in Google Play and the Apple App Store in early August.

Betr Holdings announced it has officially launched its real money sportsbook product in Virginia, its third real money online sports betting (OSB) state following Ohio and Massachusetts. The Betr Fantasy & Sportsbook app is available on the iOS store and the Betr – Microbetting app is available on the Google Play store.

Century Casinos announced that it completed the sale of the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta (collectively, the Century Canadian Portfolio) to subsidiaries of VICI Properties Inc. for an aggregate purchase price of CAD 221.7 million (USD 162.4 million) in cash.

Gaming Laboratories International is now the first laboratory accredited in the State of Paraná and the first laboratory to be accredited following a formal laboratory accreditation process in Brazil. The milestone achievement builds on GLI’s 25 years of service to the gaming industry throughout Latin America and the Caribbean.

Partnerships

Bravery Gaming and Konami Gaming announced a groundbreaking partnership that will revolutionise the Coin Operated Amusement Machine (COAM) landscape in Georgia. Konami has chosen Bravery Gaming to be the exclusive distributor of its games in regulated non-casino markets, beginning with the state of Georgia.

SCCG Management announced a strategic partnership with the innovative sports league, Pillow Fight Championship (PFC). This collaboration aims to elevate PFC’s global stature, leveraging SCCG’s extensive experience with sports leagues and teams across North America.

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Gambling in the USA

Gaming Americas Weekly Roundup – August 14-20

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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 and new partnerships and new appointments. Read on and get updated.

Latest News

Euro Games Technology announced it is among the finalists in the 10th consecutive edition of Global Gaming Awards Las Vegas. The competition distinguishes the companies with outstanding achievements in the gaming sector in the Americas region for the past 12 months. The Bulgarian manufacturer has been shortlisted in the Land-Based Industry Supplier of the Year category which recognises the efforts of the providers who drive the development of brick-and-mortar casinos.

International Game Technology announced that Michelle Carney, the Company’s Vice President of Global Lottery Marketing, will be honoured with Public Gaming Research Institute’s (PGRI) Major Peter J. O’Connell Lottery Industry Lifetime Achievement Award. PGRI will recognise Carney with this award at its upcoming PGRI Lottery Expo Nashville on September 12. Established in 1993, the Major Peter J. O’Connell Lottery Industry Lifetime Achievement Award honours individuals who have distinguished themselves throughout their careers with important lottery industry contributions.

The Michigan Gaming Control Board unanimously voted to approve the one-year renewal of the licenses for the three authorised Detroit casinos — MGM Grand Detroit, MotorCity Casino and Hollywood Casino at Greektown. By law, three votes, which constitute a quorum for the Board, are required in support of final determinations on applications for a casino license.

Three Rivers Casino, powered by Internet Sports International, has been named the 2023 “Best Sportsbook” by Best of the Willamette Valley. This is the first time Three Rivers has won this distinction. The notable recognition as “Best Sportsbook” follows extensive work from ISI and Three Rivers to refine the casino’s product offering and guest experience since the partnership’s initial launch in December 2021.

1X2 Network has now formally been granted a full supplier’s license by the Michigan Gaming Control Board. This approval will see games from 1X2’s in-house game studios Iron Dog Studio, Prospect Gaming and AD LUNAM being made available to players in Michigan, including games such as 1 Million Megaways BC, 1 Million Fortunes Megaways and Iron Dog Studio’s Strike Series of Hold and Win titles.

New Partnership

Catena Media has strengthened its position in the North American and Latin American online sports betting and casino gaming markets by entering a content and commercial media partnership with The Sporting News, one of the best-known sports publisher brands in the US. The partnership will run for three years and will see Catena Media create editorial and advertorial content as the exclusive betting partner to Sporting News.

New Appointment

Lottery.com has appointed Christopher Anderson Gooding to its board of directors. Christopher Gooding brings decades of service at respected law firms, predominantly within the heart of London’s financial district. His professional journey began as an Assistant Solicitor at Clifford Turner in London and Dubai, advancing to a 15-year tenure at Clyde & Co. A consummate legal strategist, he also served as a partner at LeBoeuf Lamb Greene & MacRae and Howard Kennedy. Notably, from 1999 to 2009, he held the position of Director at the Sovereign Trade Corporation. Since 2022, he has honed his expertise as a Consultant at Crowell and Morsing.

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