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Gambling in the USA

Intralot Renews Its Contract With New Hampshire Lottery Commission Through 2025

George Miller

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Intralot Renews Its Contract With New Hampshire Lottery Commission
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INTRALOT announced a five-year extension to its current gaming systems contract with the New Hampshire Lottery Commission. The extension will commence at the end of the current contract term of June 30, 2020, furthering the contract through June 30, 2025.

The New Hampshire Lottery Commission is the first and oldest U.S. state lottery and continues to be an industry leader. INTRALOT began its partnership with the New Hampshire lottery in 2010.

The newest product addition included is a Keno game. The game is branded “KENO 603” and is driven in part by self- service peripherals that are an integral part of the extension.

The projected growth that keno revenues will provide the State of New Hampshire specifically is kindergarten funding for the upcoming years.

Charlie McIntyre, Executive Director of the New Hampshire Lottery, said, “Our collaboration with INTRALOT on the gaming system contract over the last eight years is an amazing success story. INTRALOT has a great understanding of our market and we look forward to our future collaboration.

John Donahue, INTRALOT U.S. CEO stated,” The New Hampshire lottery has a terrific team that INTRALOT has been privileged to work with over the past eight years on behalf and for the people of New Hampshire. INTRALOT appreciates the confidence and looks forward to a continued successful relationship.

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

Hedge funds raise investments in casino companies

Niji Ng

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Hedge funds raise investments in casino companies
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In what is termed as an after effect of the ongoing US–China trade war, the US hedge funds have increased their stakes in casino companies. Here are some examples.

Starboard Value, the hedge fund that has investments in the IT security firm Symantec and consumer goods companies Newell Brands, has pumped in over $ 500 million into MGM Resorts International. HG Vora, another hedge fund, has bought shares of Caesars Entertainment. HG Vora already has stakes in MGM, in which some other hedge funds such as Canyon Capital, Soroban Capital Partners and Eminence Capital also hold shares.

MGM shares rose 2.7 per cent in stock market, while Caesars Entertainment rose 1.2 per cent, Wynn Resorts added 3 per cent and Las Vegas Sands rose 0.5 per cent Caesars said the summer could be weak due to unusually light business deals and the lack of successful events in the period such as Conor McGregor/Floyd Mayweather’s match last year.

If you are wondering what this has to do with US–China trade war, the increased US investment and resultant policy changes could harm Chinese consumer spending and reduce revenue in Macao, which is the largest gaming center in the world.

 

Source: The Financial Times

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Gambling in the USA

EGT Interactive at G2E Vegas

George Miller

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EGT Interactive at G2E Vegas
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We are excited to announce that EGT Interactive will attend G2E Vegas 2018 for another consecutive year.

On one of the largest gatherings of gaming professionals in America, EGT Interactive will stress on its variety of online casino propositions and business solutions.

“With more than 150 video slots, extra successful RTP (return-to-player) strategy and quality support, we’ll be glad to welcome visitors on our interactive stand and show some of the latest successful propositions and software solutions for the online casinos. As we are one of the first iGaming companies with certified video slots on the Colombian market, we already made a huge step in iGaming in Latin America. So now we’ll step on the momentum to continue spreading the power of our business proposals in the region”. Said Todor Zahariev, Managing Director of EGT Interactive.

The visitors will have the pleasure to spin the reels of some of the top performers from the company portfolio like: 40 Super Hot, Burning Hot, Shining Crown, Amazon’s Battle, 81 Wins, 40 Mega Clover and of course all the rest, more than 150 proposals.

As EGT Interactive propositions are successfully transferred from the years of experience of the land-based casino games of EGT, both companies are going to be presented again together on booth 2452.

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Gambling in the USA

AGA Releases New Research On Economic Impact Of Gaming Industry

George Miller

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AGA Releases New Research On Economic Impact Of Gaming Industry
Image Credit: AGA
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Report shows 9.5 percent increase in economic output; industry now supports 1.8 million jobs nationwide

 

The American Gaming Association (AGA) released a new study examining the striking impact the gaming industry has on the U.S. economy – providing stable jobs to nearly two million Americans and generating billions of dollars in tax revenue. This is the first comprehensive report on the gaming industry’s national economic impact since 2014.

Oxford Economics’ 2018 study found that the U.S. gaming industry:

  • Contributes $261 billion to the U.S. economy, a 9.5 percent increase since 2014;
  • Supports nearly 1.8 million jobs, up from 1.7 million jobs in 2014; and
  • Generates $40.8 billion in tax revenues to federal, state and local governments.

“Gaming companies across the country are enabling long-lasting careers for their employees and making a huge impact on their communities through innovative partnerships with local nonprofits, volunteerism and the generation of revenue that supports critical services. The industry’s tax revenue alone provides enough funding to hire 692,000 new teachers,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “Since our last study in 2014, casino gaming has expanded into new markets, offered innovative new entertainment options and enhanced its position as a key contributor to local, state and federal economies.”

The research was commissioned by AGA and conducted by Oxford Economics. More information about the study can be viewed here.

About AGA: 

The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.

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