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Gambling in the USA

IGT And William Hill U.S. Chosen By The Rhode Island Lottery To Provide End-To-End Sports Betting Technology And Services

George Miller

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IGT And William Hill U.S. Chosen By The Rhode Island Lottery To Provide End-To-End Sports Betting Technology And Services
Reading Time: 4 minutes

LONDON, Aug, 2018 — IGT, a wholly-owned subsidiary of International Game Technology PLC (“IGT PLC”) (NYSE:IGT), and commercial partner William Hill U.S. announced that they have been chosen by the Rhode Island Lottery to be the end-to-end sports betting service provider at the state’s licensed video lottery and table game establishments, Twin River Casino and Tiverton Casino. Sports betting operations are expected to go live at both locations by mid-November. The initial term of the contract is for a period of five years from the date that the first sports wager is placed at either venue, and may be extended by mutual consent for two successive five-year terms.

“It’s an exciting time for the Rhode Island Lottery,” said Gerald Aubin, Rhode Island Lottery Director. “With the introduction of legalized sports betting, we will leverage world-class resources and technology from IGT and William Hill to provide the best-possible sports betting experience for the patrons who visit our casinos.”

“We are pleased that Rhode Island is the first lottery to set up sports betting operations post-PASPA,” said Renato Ascoli, IGT CEO, North America. “IGT is a leading and proven supplier of sports betting technology in the U.S. The combination with William Hill, a leading sports betting operator in the U.S., uniquely positions us to provide the Rhode Island Lottery with a comprehensive, market-ready solution to maximize sports betting revenues and returns to good causes for the state of Rhode Island.”

“IGT is a world-class gaming technology company and we could not be more happy to partner with them to provide a world-class sports betting solution for the state of Rhode Island,” said Joe Asher, CEO, William Hill U.S.

Under the contract, a complete end-to-end sports betting service will be provided to the Rhode Island Lottery, utilizing IGT’s sports betting platform with William Hill providing best-in-class sports betting operation and risk management.

 

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Digital and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees.

About William Hill
William Hill PLC is one of the world’s leading betting and gaming companies, employing over 16,000 people. Its origins are in the UK where it was founded in 1934, and where it is listed on the London Stock Exchange. The majority of its $2.1 billion annual revenues are still derived from the UK, where it has a national presence of licensed betting offices and one of the leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, which is now the largest sports betting business in the USA. William Hill US currently operates 107 race and sports books in Nevada and the state’s leading mobile sports betting app.  Following the ruling in May 2018 by the Supreme Court that the federal ban on state sponsored sports betting was unconstitutional, the company is planning to operate where permitted by law throughout America. William Hill US is operating in New Jersey at Monmouth Park Racetrack and Ocean Resort Casino and is a licensed sports betting provider for several casinos in Mississippi.  William Hill US is the exclusive risk manager for the sports lottery in Delaware.  William Hill also has licensed operations in The Bahamas, Italy and Spain and serves online customers throughout the world from its Online headquarters in Gibraltar.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall”, “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2017 and other documents filed from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in its entirety by this cautionary statement.

 

Source: IGT

 

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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Fantasy Sports

Louisiana House Committee Passes Fantasy Sports Restriction Bill

Niji Narayan

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Louisiana House Committee Passes Fantasy Sports Restriction Bill
Reading Time: 1 minute

 

Louisiana House Committee has passed the fantasy sports restriction bill. Voters of 47 parishes approved fantasy sports betting last fall. The bill leaves committee with an amendment that stipulates “you can only play if you’re at card checking over-21 only in establishments like video poker stops, bars, or casinos.”

“This is obviously not what people voted for, this is not how fantasy sports works, this is not how online entertainment works anywhere, for any medium,” Fairness for Fantasy Sports Louisiana spokesperson Ryan Berni said.

“Right now the proposed tax rate does not cover the cost for the state to collect it. The state actually loses money at the proposed tax rate that they are proposing on fantasy sports,” Video poker lobbyist Alton Ashy said.

“Obviously the intention is that it is places that have video poker. It really is an end around and a subversion of what people know and like about fantasy sports,” Berni added.

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Gambling in the USA

Wynn Resorts and MGM Engages in Conversation about the Sale of Encore Casino in Boston

Niji Narayan

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Wynn Resorts and MGM Engages in Conversation about the Sale of Encore Casino in Boston
Photo Source: skift.com
Reading Time: 1 minute

 

Wynn and MGM Resorts have announced a joint statement related to the sale of Encore Casino in Boston. Wynn CEO Matt Maddox and MGM CEO Jim Murren met in person in Las Vegas to explore the possibility of a sale.

“Over the past several weeks, we have engaged in conversations around the potential sale of Encore Boston Harbor,” the statement reads. The companies add that the talks are “very preliminary” and the casino giants do not know “where these conversations will lead.”

Encore’s license is the only one the state will allow in the Boston area, making it highly desirable. MGM, on the other hand, owns the only casino license for Western Massachusetts for its Springfield location.

As per the Massachusetts law, a company can only hold one casino license. MGM did not comment, but if it buys the Encore casino it would have to sell its license for a casino in Springfield, Massachusetts.

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Gambling in the USA

What’s at stake at the 2019 World Series of Poker main event?

George Miller

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What’s at stake at the 2019 World Series of Poker main event?
The 2019 WSOP main event takes place this summer in the spiritual home of gambling – Las Vegas.
Reading Time: 3 minutes

 

The wait for the 2019 World Series of Poker is almost over with the event due to start in just a few weeks’ time. That hasn’t dampened the anticipation amongst poker fans or the thousands of players preparing to play in the WSOP tournaments.

This article gives you everything (almost) you need to know about the 2019 WSOP including estimated prize money, the best tournaments and a guide on how to enter the 2020 WSOP.

WSOP 2019

When is it?
The tournament starts on May 28th and last for just over a month and a half with the final table closing up on July 16th.

Where is it?
The Rio All-Suite Hotel & Casino in Las Vegas is the venue for the 50th WSOP event. This has been the official venue of the WSOP since it moved from original venue Binion’s Horseshoe in the mid-noughties.

How many players have entered?
Official participation figures are yet to be released for the 2019 WSOP but the figure is expected to be an increase on last year’s record-breaking figure of 123, 865. Of that figure only 7,874 featured in the WSOP main event.

What’s the prize money?
The 123,865 participants involved last year contributed towards a staggering figure of $266,889,193 in prize money. With numbers expected to increase this time around that figure will be slightly higher although it will still be some way off the $300 million mark.

What events are on?
Undoubtedly the biggest draw of the WSOP is the main event which will see the world’s best players battle it out for supremacy. This final table of this event finishes the entire poker festival with the winner scooping a minimum $10 million in prize money.

Elsewhere players can enjoy Millionaire Maker, Seniors No-Limit, Monster Stack, Big 50 and Crazy Eight’s. The competition in these events will be less fierce but there will still be a of prize money available with the winner of the Big 50 getting their hands on a minimum $1 million.

(In 2003 accountant and amateur poker player Chris Moneymaker took the world of poker by storm, winning the tournament with an epic bluff against Sammy Farha.)

 

How to enter the WSOP

Unfortunately the time to enter this year’s WSOP is almost over but you can always prepare to enter next year’s tournament. You can do that in two-ways by paying your way in or by qualifying through a number of licensed events.

The buy-in option

This is by far the easiest option if you just want to get involved and make sure you’re at the 2020 WSOP. Although at $10,000 the buy-in for the main event is slightly expensive. If money is no object to you then you may as well buy-in.
If like most of us ten thousand dollars sounds like a lot of money to spend on a poker tournament then fear not, there are other ways. Players sell stakes of their potential winnings to investors to raise the WSOP buy-in amount.

Alternatively if you’re part of a poker league you can persuade the rest of the league to front the cost of a buy-in for the league’s best player – you’ll of course have to ensure you’re the best player in the league.

Classic qualification
WSOP run a series of satellite events across the world in the run-up to their showpiece event where players can win entry to the WSOP main event. The vast majority of these tournaments tend to take place in the United States with a few taking place in Europe and Asia.

If you can’t make it to any of these tournaments keep your eyes on the 888 Poker website. The online gambling company are the only officially licensed online satellite for the WSOP and regularly run qualification events throughout the year.

Who will win the 2019 WSOP?
After 10 hours of gruelling back and forth play, John Cynn finally overcame Tony Miles in a heads-up to win the 2018 WSOP. You might expect then that Cynn will be the hot favourite to take the crown again this year.

However if history has told us one thing about the WSOP it’s that it is incredibly hard to retain your poker crown. Tony Miles will be among the front runners to go one better than last time with Joe Cada, Nicolas Manion and Michael Dyer all hoping to win the WSOP main event.

Where can I watch the 2019 WSOP?
Dedicated poker fans can get their card fix this summer on the WSOP live stream after subscribing. If you’d rather watch the action on your TV then the tournament will be shown live on ESPN in the United States.

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