Gambling in the USA

Everi Extends Agreement with Caesars Entertainment to Provide Access to Industry’s Largest Gaming Credit Bureau and Reporting System

Published

7 days ago

October 11, 2018

Everi Extends Agreement with Caesars Entertainment to Provide Access to Industry’s Largest Gaming Credit Bureau and Reporting System

Reading Time: 2 minutes

Everi Holdings Inc., the casino gaming industry’s single source provider of gaming products and financial technology solutions, announced that it has entered into a three-year agreement with Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”) to provide its CentralCredit® services to select Caesars casino properties. This industry-leading service is used by casino operators to make real-time decisions when it comes to extending credit lines for guests.

“Securing a long-term extension for our CentralCredit® solution with Caesars Entertainment is another proof point of our ability to offer the industry’s most effective financial technology products that help our customers manage their operations,” said Darren Simmons, Business Leader, Financial Technology Solutions, at Everi. “Similar to other solutions in our Intelligence toolkit, CentralCredit® increases our casino partners’ operational efficiencies with seamless, real-time credit reporting access while helping grow market share and increase patron loyalty.”

Everi’s CentralCredit® service is the industry’s largest gaming credit bureau and the leading source of casino-related credit information and reporting. Used to determine guest credit worthiness, the service enables casino operators to access credit reports and updates on guest activity through a private, secure interface. The service features real-time updates to casino activity and international gaming credit data.
For more information about CentralCredit® or the Intelligence toolkit, visit Everi’s website at www.everi.com/intelligence.

About Everi :
Everi is a leading supplier of technology solutions for the casino gaming industry. The Company provides casino operators with a diverse portfolio of products including innovative gaming machines that Powers the Casino Floor®, and casino operational and management systems that include comprehensive, end-to-end financial technology solutions, critical intelligence offerings, and gaming operations efficiency technology. Everi also provides proven, tier one land-based game content to online social and real-money markets via its Remote Game Server and operates social play for fun casinos. Everi’s mission is to be a transformative force for casino operations by facilitating memorable player experiences, delivering reliable protection and security, and striving for customer satisfaction and operational excellence.

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Gambling in the USA

Pennsylvania not to allow online gambling inside casinos

Published

17 hours ago

October 17, 2018

Niji Ng

Pennsylvania not to allow online gambling inside casinos

Photo Source: automaticpoker.com

Reading Time: 1 minute

In an interesting piece of legislation, the Pennsylvania Gaming Control Board (PGCB) has clarified that it will not allow online gaming and sports betting inside casinos. Online gaming and sports betting will be soon available in the state. PGCB said geo-targeted software will be used to prohibit players from playing online poker, casino games or slots from within any land-based Pennsylvania casinos.

“The Gaming Control Board will put in place a system that, through the use of GPS software and IP Address identification, will block entry and play of Pennsylvania-licensed internet gaming if a user is outside of the state,” it was stated in a 2 page document from the PGCB. “In addition, participating in internet gaming when in a Pennsylvania casino will also be blocked.”

Gambling in the USA

MGM Springfield posts impressive revenue in September

Published

18 hours ago

October 17, 2018

Niji Ng

MGM Springfield posts impressive revenue in September

Photo Source: YouTube

Reading Time: 1 minute

The Massachusetts Gaming Commission (MGC) has announced the revenue figures for September. MGM Springfield made an impressive start by posting US$27 million in revenue during September, its first full month of operation. The gaming venue was started in August 24. It has so far amassed US$18 million in GGR from slot machines and another US$8.8 million from table games.

The state tax share from the revenue is US$6.7 million, 25 per cent of the venue’s GGR.

The MGC explained that only casino revenues, and no other proceeds from the 14-acre casino complex’s hotel, restaurants, bars and other non-gambling entertainment, are considered for the report.

According to MGM Springfield president Michael Mathis, September visitor volume was “solid” and the casino’s financial performance is “on track” with company expectations.

Source: FocusGN

eSports

Cloud9 proposes eSports facility in Santa Monica

Published

19 hours ago

October 17, 2018

Niji Ng

Cloud9 proposes eSports facility in Santa Monica

Photo Source: engadget.com

Reading Time: 1 minute

Cloud9 Esports Inc., an eSports company based in Santa Monica has proposed to construct an eSports facility in the city. The company has already raised a $19.6 million in the first round of fund raising for the purpose.

The facility is likely to be spread over 20,000–30,000 square feet and to be completed by the end of 2019.

Jack and Paullie Etienne founded Cloud9 in November 2016. It operates e-sports gaming teams across multiple titles, including Daybreak Game Co.’s “H1Z1,” Santa Monica-based Activision Blizzard Inc.’s “Overwatch,” and “League of Legends,” developed by Sawtelle-based Riot Games Inc.

Valor Equity Partners, based in Chicago, led the Series B. Venice-based Reimagined Ventures, TrueBridge Capital Partners and Glassdoor Inc. Founder Robert Hohman also participated. Valor Equity Partners Founder Antonio Gracias joins the Cloud9 board of directors.

Source: LABusinessJournal