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Gambling in the USA

The Stars Group & Resorts Casino Hotel Partner to Enter New Jersey’s Online Sports Betting Market

Zoltan Tundik

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ATLANTIC CITY, New JerseyAugust 2, 2018 

The Stars Group and Resorts Casino Hotel today announced the extension of their existing partnership in the New Jersey regulated online gaming market to include online and mobile sports wagering through the BetStars brand alongside the already existing online poker and casino offering available through the PokerStarsNJ brand. The Stars Group will bring its online and mobile-led betting expertise and experience as one of the world’s largest and most licensed online betting and gaming companies to the burgeoning U.S. online sports betting market, while leveraging the company’s well recognized brands, customer trust and loyalty, and established position in New Jersey’s online gaming market.

The Stars Group intends to utilize its existing and approved proprietary technology and player account management platform for its betting offering, providing customers in the state with a single account, common wallet, various online and mobile depositing and withdrawal options, and a seamless offering of betting options along with the company’s popular poker and casino products. The Stars Group intends to draw upon its technology development, management, marketing, and sports book trading expertise to provide New Jersey customers with an innovative, compelling, and robust mobile-led sportsbook. The company anticipates providing over time, subject to required regulatory approvals, a wide range of betting products including in-play wagering, bespoke accumulators, and live streaming, as well as an ecosystem of free-to-play products and promotions and sports content, for dozens of sports, including professional and NCAA football, basketball, and baseball as well as horse racing, hockey, soccer, tennis and other sporting markets.

“We believe The Stars Group is uniquely qualified with the experience and insight needed to make sports betting a success in New Jersey,” said Matt Primeaux, SVP Strategy & Operations, USA at The Stars Group. “We have successfully launched the BetStars brand in many European regulated markets and we have invested heavily to create a premier global offering. Working with our longstanding partner, Resorts, we are really excited to introduce a brand-new consumer experience by bringing New Jersey fans closer to the sports and the teams that they love.”

“We’re excited to double down on our already successful partnership with The Stars Group, which owns leading sportsbooks globally and has always been known and respected for their advanced technology, superior customer experience and cutting-edge security safeguards,” said Mark Giannantonio, President and CEO of Resorts Casino Hotel.

The Stars Group currently owns online and mobile sportsbook operations in the UK, Europe and Australia, with more than $800 million in betting revenues generated by these entities in 2017.

BetStars is the European focused online sports betting brand of The Stars Group and sits alongside the PokerStars brand, the world’s largest poker brand, and PokerStars Casino, one of the world’s largest and fastest growing online casinos. BetStars holds nearly a dozen sports betting licenses globally, offering support in 17 languages and through its online and mobile apps and platforms offers a wide range of popular and specialist betting options, promotions, exclusive new products across dozens of sports, as well as local sports news and content in major markets.

The Stars Group recently bolstered its sports betting portfolio through its acquisition of Sky Betting & Gaming, which operates the Sky Bet brand, a leading mobile-led sportsbook in the United Kingdom, the world’s largest regulated online gaming market.

The Stars Group also recently successfully completed the acquisition of CrownBet and William Hill Australia, which combined form the third largest online sports betting operator in Australia, the world’s second largest regulated online gaming market.

About The Stars Group

The Stars Group is a provider of technology-based product offerings in the global gaming and interactive entertainment industries. Its brands have millions of registered customers globally and collectively are leaders in online and mobile betting, poker, casino and other gaming-related offerings.  The Stars Group owns or licenses gaming and related consumer businesses and brands, including PokerStars, PokerStars Casino, BetStars, Full Tilt, Sky Bet, Sky VegasSky Casino, Sky Bingo, and Sky Poker, as well as live poker tour and event brands, including the PokerStars Players No Limit Hold’em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival and PokerStars MEGASTACK. The Stars Group is one of the world’s most licensed online gaming operators with its subsidiaries collectively holding licenses or approvals in 19 jurisdictions throughout the world, including in EuropeAustralia, and the Americas. The Stars Group’s vision is to become the world’s favorite iGaming destination and its mission is to provide its customers with winning moments.

Cautionary Note Regarding Forward Looking Statements and Other Information

This news release may contain forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements can, but may not always, be identified by the use of words such as “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “would”, “should”, “believe”, and similar references to future periods or the negatives of these words and expressions. These statements are based on management’s current expectations and are subject to a number of risks, uncertainties, and assumptions. There can be no assurance that actual results will not differ materially from those expressed or implied in forward-looking statements. Undue reliance should not be placed on forward-looking statements. Please refer to The Stars Group’s most recent annual information form and annual and interim financial statements and management’s discussion and analysis for more information about the factors, assumptions and risks that may apply to The Star’s Group’s forward-looking statements. Each forward-looking statement speaks only as of the date hereof, and The Stars Group undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

About Resorts Casino Hotel

The resort that brought gaming to Atlantic City in 1978, Resorts Casino Hotel, a Mohegan Gaming & Entertainment Property, is at the top of its game today, offering world-class casino action in a relaxed environment that keeps the focus on fun. Resorts Casino Hotel made history as the first American casino outside of Nevada and recently celebrated a major milestone – their 40th anniversary. Winner of 20 Casino Player Magazine 2017 “Best of Gaming Awards,” Resorts Casino Hotel has undergone $100 million in renovations, including the all new state-of-the-art Resorts Conference Center, a large $25 million room renovation project and the $35 million Jimmy Buffett’s Margaritaville themed entertainment complex with the only beach bar, Landshark Bar & Grill, on the Atlantic City sand, open year-round.

Mohegan Gaming & Entertainment assumed management of Resorts Casino Hotel in 2012, a move that has set the stage for its return as the most exciting gaming destination in Atlantic City. Boasting a prime location spanning 11 acres at the northern end of the famed Atlantic City Boardwalk, the resort features 942 guest rooms and suites in two hotel towers, an 80,000-square-foot casino, two theaters, 10 restaurants, a food court featuring five eateries, two VIP slot and table player lounges, a casino bar, indoor-outdoor swimming pool, health club and spa, salon, and retail shops. Its 64,000 square feet of technologically advanced meeting space includes 24 meeting and function rooms, most featuring natural light and ocean views, and a 13,000-square-foot ballroom.

For media inquiries, please contact:

Eric HollreiserPress@starsgroup.com

For investor relations, please contact:

Tim Foran: Tel: +1 437-371-5730, ir@starsgroup.com

 

SOURCE The Stars Group

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Gambling in the USA

US domestic casinos record a revenue of $42.7 billion in 2018

Niji Ng

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US domestic casinos record a revenue of $42.7 billion in 2018
Photo Source: booking.com
Reading Time: 1 minute

 

Domestic commercial casinos in the USA posted a revenue of nearly $42.7 billion in 2018, marking an increase of 4 per cent year on year. This is also the highest ever total for the country’s gambling industry.

The Adams Revenue Revue, prepared by Reno-based gaming analyst and consultant Ken Adams for CDC Gaming Reports, indicates that 23 commercial casino markets reported gross gaming revenue (GGR) totalling $42.69 billion.

Adams termed 2018 as “a good year,” with increased earnings stemming from the opening of new casinos in Atlantic City, Massachusetts, and New York. The $42.7 billion win is a $1.5 billion premium on 2017’s total haul.

December revenue was fuelled by the introduction of new casinos, more (slot machine-like) VLTs, and, in the last half of the year, by sports betting, Adams wrote.

Despite the US gaming industry’s best casino revenue win in the nation’s history, associated stocks do not reflect the same prosperity. A downward second half for the US stock market pushed shares lower for major operators including MGM Resorts, Caesars Entertainment, Wynn Resorts, and Las Vegas Sands.

Nevada, the richest casino state in America, reported $11.9 billion in GGR last year, its third highest mark in history. Despite the Silver State losing its monopoly on sports betting following the Supreme Court’s repeal of the federal ban last May, Nevada sportsbooks recorded a record $5 billion handle, and record $301 million win.

Pennsylvania commercial casinos enjoyed their best year in history, with GGR totaling $3.24 billion.

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Gambling in the USA

Scientific Games to Reschedule Investor Conference Call on Thursday, February 21, 2019 to 8:30 a.m. Eastern Time

George Miller

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Scientific Games to Reschedule Investor Conference Call on Thursday, February 21, 2019 to 8:30 a.m. Eastern Time
Photo Source: OJO Images / Rex Features
Reading Time: 1 minute

 

Scientific Games Corporation announced it is rescheduling the release of results for its fourth quarter ended December 31, 2018 on Thursday, February 21, 2019 to before the market opens. The Company will host an investor conference call and simultaneous webcast that day at 8:30 a.m. Eastern Time to discuss these results. The call was originally scheduled for Thursday, February 21 at 4:30 p.m. Eastern Time. Analysts and investors on the conference call will have an opportunity to ask questions.

We encourage participants to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator.  Participants may pre-register at any time, including up to the call start time. To pre-register, click here: Scientific Games Investor Call.

Investor Conference Call

Thursday, February 21, 2019

8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time

Those without internet access or unable to pre-register may dial in by calling: 

All participants:  +1 (412) 317-5420

Conference ID: Scientific Games Corporation Investor Call

Webcast:

To access the live webcast of the call, please visit the Company’s website at www.scientificgames.com and click on the webcast link under the investor information section. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.

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Gambling in the USA

Hard Rock Hotel & Casino Sacramento at Fire Mountain Holds Historic Topping Off Ceremony

George Miller

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Hard Rock Hotel & Casino Sacramento at Fire Mountain Holds Historic Topping Off Ceremony
Reading Time: 2 minutes

 

Commemorates partnership between The Seminole Tribe of Florida and Enterprise Rancheria

 

Hard Rock Hotel & Casino Sacramento at Fire Mountain held a topping off ceremony on Feb. 13, 2019, to celebrate reaching this major construction milestone in the project. The highly-anticipated property is slated to be the premier entertainment destination in Northern California once it opens in fall of 2019.

“I want to thank everyone involved in this momentous development,” said Mark Birtha, president of Hard Rock Hotel & Casino Sacramento at Fire Mountain. “It is such an incredible feeling of pride and excitement seeing it coming to life. I know this property is going to be a landmark in the region and a shining representation of all the Hard Rock brand has to offer.”

During the event, the final beam, signed by tribal members, was grandly lifted up by a crane to the top of the structure. As part of the ceremony, Hard Rock executives and tribal council recognized the construction workers’ incredible efforts and commitment to the project. The topping off event also commemorated the historic partnership between two Native American Tribes — The Seminole Tribe of Florida, owners of Hard Rock International and Enterprise Rancheria.

“This is truly a great day for our Tribe and community and for the workers, customers and business partners of our region,” said Enterprise Rancheria Tribal Chairperson Glenda Nelson. “Partnering with Hard Rock and the Seminole Tribe is a real game changer with their world-recognized brand, commitment to premium quality experiences across a full spectrum of hospitality and entertainment options, and unique corporate values make them a dream partner for us.”

Situated in the North Sacramento Valley, the property will offer the latest in live music and entertainment, hospitality, world-class gaming and exceptional cuisine. It will feature a hotel with multiple suite offerings, a large gaming facility with over 1,800 slot machine and table game positions, along with an outdoor pool and deck area, large meeting space and a great selection of bars and restaurants. The property also includes signature brand amenities like the Rock Shop® and Body Rock® fitness center.

Hard Rock Hotel & Casino Sacramento at Fire Mountain is expected to create more than 2,000 construction jobs upon its completion, with nearly 750 working at peak times on the project any given day. The development includes approximately 1,500 tons of steel (1/10th the weight of the Brooklyn Bridge steel), 15,000 cubic yards of concrete (if paved, would stretch to downtown Sacramento), 550 tons of rebar steel (laid from end to end, would stretch to San Francisco), 120 miles of electrical conduit, as well as 380 miles of wire and cabling (would stretch from Sacramento to Los Angeles) being used for the project. Upon opening later this year, the hotel-casino will employ over 1,000 full-time and part-time team members.

 

Source: Hard Rock International

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