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MGM GVC Interactive Announces the Appointment of Adam Greenblatt as Chief Executive Officer of Joint Venture

George Miller

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MGM GVC Interactive Announces the Appointment of Adam Greenblatt as Chief Executive Officer of Joint Venture
Photo Source: verowater.com
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MGM GVC Interactive LLC, the U.S. sports betting and online gaming joint venture owned by MGM Resorts International and GVC Holdings Plc , is pleased to announce the appointment of Adam Greenblatt as the venture’s CEO, effective upon receipt of all applicable licensing and regulatory approvals.

Adam takes up the position having played a significant role in the creation of MGM GVC Interactive via his previous role as Director Corporate Development & Strategy at GVC Holdings. The joint venture was established in July 2018 to create a world-class sports betting and online gaming platform in the United States, in order to take advantage of the new opportunities created by the U.S. Supreme Court’s decision to overturn the U.S. federal Professional and Amateur Sports Protection Act (PASPA).

Prior to its acquisition by GVC, Adam served as Director of Corporate and Strategic Development at Ladbrokes from 2010 and led defining transactions for the group, including the strategic partnership with Playtech, the acquisitions which created Ladbrokes Australia and the successful merger between Gala Coral and Ladbrokes in November 2016. Adam has been President of GVC’s U.S. sports betting software business, Stadium Technology since 2012 and sits on the Board of GVC’s joint venture in Spain. Having begun his career as a Chartered Accountant in the UK with Arthur Andersen, Adam then moved into mergers and acquisitions at international investment bank, Rothschild. At Rothschild, Adam focused on the leisure sector and was instrumental in developing the betting and gaming franchise. Adam studied Business Science at the University of Cape Town.

In a joint statement welcoming the appointment, GVC CEO, Kenneth Alexander and Jim Murren, Chairman and Chief Executive Officer of MGM Resorts, said:

“We are pleased to appoint Adam as CEO of the joint venture, who will bring his in-depth knowledge and expertise in on-line gaming and sports betting from both sides of the Atlantic. His determination, experience and vision are exactly what we need to establish a prime position in the rapidly evolving U.S. gaming market.”

Adam Greenblatt added:

“I am delighted to have been chosen to lead MGM GVC Interactive at this historic time for the U.S. sports betting and gaming sector. With the combined brands, technology and market access of our two parent companies, I am determined to make it the most dynamic and successful player in the industry.”

 

ABOUT MGM RESORTS INTERNATIONAL

MGM Resorts International is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company in 2018 opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 81,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information visit us at www.mgmresorts.com.

 

ABOUT GVC HOLDINGS

GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, PartyCasino and partypoker. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 100 index and has licences in more than 20 countries, across five continents.

 

Statements in this release that are not historical facts are “forward-looking” statements and “safe harbor statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in MGM Resorts’ public filings with the SEC. Forward-looking statements are based on management’s current expectations and assumptions and not on historical facts.  Examples of these statements include, but are not limited to, statements regarding the future market position of the joint venture. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic conditions and market conditions in the markets in which the joint venture operates and competition with other sports betting platforms, risks relating to permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts’ Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

 

Source:  MGM Resorts International

Gambling in the USA

Top C-level Executives, State Representatives are joining the speakers’ lineup at Sports Betting & Casino Summit North America

Zoltan Tundik

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CEOs, decision-makers, and Government officials among the speakers at the virtual edition of Sports Betting & Casino Summit North America.

With less than a month to go until the Sports Betting & Casino Summit North America (Virtual Conference) will open its virtual doors, we are honored to announce some big names of the North American gambling industry that will be joining the speakers’ lineup.

The top industry companies have all confirmed their interest in the inaugural event which will break all records for the organizing company.

Register now to secure your seat(s)! REGISTER HERE!

Among the already confirmed 40 speakers, you can find:

  • Brandt Iden (State Representative at the State of Michigan)
  • Nick Papadoglou (Chief Commercial Officer at Intralot Inc/US – Head of Sports Betting in the US)
  • Joe Asher (CEO at William Hill US)
  • Seth Schorr (CEO of Fifth Street Gaming and Chairman of Downtown Grand Hotel & Casino)
  • Jay Kornegay (Vice President Race & Sports Operations – Westgate LV Resort & Casino)
  • Grant Johnson (CEO at Esports Entertainment Group)
  • Dmitry Starostenkov (CEO at Evenbet Gaming – the leading poker platform provider)
  • Daniel J. Kustelski (CEO & Co-founder at Chalkline Sports)
  • Benjie Levy (President/COO at Score Media and Gaming Inc
  • Lloyd Danzig (Founder & CEO at Sharp Alpha Advisors)

You can view the full list of speakers on the official site.

We are happy to also reveal the program of the conference which will start on 23 June at 12:00 PM EDT (New York Time) / 9:00 AM (Pacific Time) / 6:00 PM (CET), and looks the following way:

Day 1 (23 June)

  • THE STRATEGY OF RESTARTING THE ONLINE SPORTS BETTING INDUSTRY
  • NAVIGATING THE SIGNIFICANT CHALLENGES & OPPORTUNITIES IN US SPORTS BETTING & ONLINE GAMING IN AN EVER CHANGING WORLD POST COVID-19
  • THE FUTURE OF LEGALIZED SPORTS BETTING IN CALIFORNIA, FLORIDA, AND TEXAS
  • OUTLOOK FOR US GAMING – WHEN CAN WE EXPECT THE US GAMING MARKET TO NORMALISE
  • LAS VEGAS – RE-LAUNCH OF THE STRIP
  • ESPORTS BETTING VS CLASSIC SPORTS BETTING IN NORTH AMERICA
  • VIRTUAL GAMING, IS IT GAINING TRACTION IN AMERICA AND CANADA AUDIENCE?

Day 2 (24 June)

  • IS THERE REALLY AN ONLINE POKER RENESSAINCE?
  • INNOVATION DURING AND POST COVID-19 – HOW IS THE INDUSTRY ADAPTING?
  • COMPLIANCE AND CERTIFICATION DURING COVID-19
  • TRIBAL GAMING INDUSTRY – A NEW ERA?
  • THE FUTURE OF ONLINE GAMING IN CANADA
  • RESPONSIBLE GAMING: LESSONS LEARNED FROM EUROPE AND VICE VERSA
  • THE CURRENT & FUTURE STATE OF THE SPORTS BETTING INVESTMENT LANDSCAPE

The full schedule is available on this link!

Register now to secure your seat(s)! REGISTER HERE!

The virtual conference is designed to bring together regulators, operators, suppliers, marketing managers, C-Level Executives, policymakers, and more for two days of quality online learning and networking.

More speakers and moderators are being added daily so make sure to visit, the event’s official website frequently for updates: summits.gamingamericas.com

For further sponsorship/speaking and marketing inquiries, make sure to reach out to Andrada Bota (B2B Sales Executive at Hipther Agency).

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

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Gambling in the USA

Gaming Americas Weekly Roundup – May 25-31

Niji Narayan

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Welcome to our weekly roundup of American gambling news.

Last week, several gambling companies have re-entered into their businesses despite the ongoing pandemic. Here, we are going through the weekly highlights of the American gambling industry which includes casino reopening, new partnerships, product launches, award winnings, latest approvals, and recent announcements. Read on and get updated.

Casino Reopening

Most of the casinos have resumed their operations this week. Some are on the preparations to restart their business.

Rodney Butler, Chairman of the Mashantucket Pequot Tribal Nation, said that the plans to partially reopen Foxwoods Resort Casino on June 1 are still moving ahead despite opposition from Connecticut Gov. Ned Lamont.

Rodney Butler told in an interview that Lamont is welcome to tour Foxwoods and see firsthand the safety precautions being taken to prevent the spread of the coronavirus, ranging from fewer open slot machines to air filtration systems.

New Deals

AGS announced a new partnership with the Kindred Group to provide its online, real-money games for the Kindred Group’s Unibet brand in New Jersey.

The Vancouver Titans esports team entered into a new partnership agreement with Pizza Hut Canada and designated Pizza Hut as the Official Pizza of the team and their fans.

Microgaming signed an exclusive distribution agreement with game design and development studio, Neko Games. The studio’s Super Showball video bingo game is live on Microgaming’s content aggregation platform from 26 May 2020.

Churchill Downs Incorporated (CDI) and Aristocrat Leisure entered into an agreement in principle to settle the Kater v. Churchill Downs, and Thimmegowda v. Big Fish Games lawsuits.

New Launchings

The igaming publishing company Oddschecker Global Media announced the launch of RacingPicks, a standalone horse racing site. The site’s purpose is to provide day-to-day expert content to the American racing community.

TransAct Technologies Incorporated launched its new Epicentral Clean2Play Sanitization Tracking System for casinos. This new casino product provides real-time printed proof that a slot machine has been cleaned, sanitized, and is ready for play.

The D.C. Lottery is set to launch its sports betting platform in the coming days. The online sportsbook GambetDC will take its first wagers in June, even though a large number of global sports events remain canceled due to COVID-19.

Awards

Michigan State Rep. Brandt Iden received an honorary American Gambling Award for his extraordinary efforts in legalizing sports betting, online poker, and online casino gaming throughout the state in 2019.

Latest Approvals

Illinois lawmakers have approved an approximately $40 billion state budget that largely maintains spending, along with a plan to push forward a Chicago casino.

The budget, which largely relies on federal funding, mostly maintains funding from the current budget, which the exception of health care agencies affected by the COVID-19 outbreak.

Legislators also approved a plan pushed by Chicago Mayor Lori Lightfoot to change the tax structure for a casino in the city. The Chicago casino was included in last year’s gambling expansion authorizing six new casinos, part of a critical funding source for the state’s $45 billion capital plan.

Financial Help

Ontario Lottery and Gaming (OLG) is going to receive a $500m loan from the Provincial Government.

With Ontario’s state of emergency shuttering casinos, slot machines, and racetracks for the past two months, the gaming monopoly was in dire need of a cash injection.

Announcements

Brazilian Deputy Bacelar has affirmed that the legalization of all gambling verticals could play a key role in economic stability in the country.

He stated that following the current health pandemic, he is in favor of legalizing all gambling verticals, including jogo do bicho, on the grounds that gambling could save Brazil from its current financial crisis and rejuvenate the economy.

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Gambling in the USA

GAN Signs Platform Deal with Cordish Companies

Niji Narayan

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GAN Signs Platform Deal with Cordish Companies
Reading Time: 2 minutes

 

Cordish Gaming Group, the global gaming division of the Cordish Companies, has selected GAN Limited as the enterprise software Platform provider to power its new “PlayLive!” branded Internet gambling business in the State of Pennsylvania, complementing the development of two new Live!-branded gaming facilities in Philadelphia and Pittsburgh.

The new Live! Casino & Hotel, located in the Stadium Entertainment District in the City of Philadelphia, will be a world-class hotel, gaming & entertainment destination featuring 2200 slot machines and 150+ live action table games.

The second new Live! Casino, located in Westmoreland County, near Pittsburgh, will feature more than 100,000 square-feet of gaming, dining and entertainment space, including 750 slots and approximately 30 live action table games. Both locations are expected to open in 2020.

Live! Casino will be GAN’s third client of real money Internet gambling enterprise software in the State of Pennsylvania, expanding GAN’s real money Internet gambling operations in the U.S. These operations now include the following states—New Jersey, Pennsylvania, Indiana, as well as Michigan and Ohio, both of which are expected to commence operations in the first half of 2021.

“We’re delighted to expand upon our long-standing relationship with one of America’s premier commercial real estate families. Bringing Pennsylvania’s newest casino online later this year will be a genuine privilege, and we look forward to supporting their on-property gaming business by leveraging our U.S. patented iBridge Framework, bridging the Internet gambling experience with that of retail gaming. Online will remain the growth driver of this Industry for decades to come, not just in Pennsylvania but across the nation,” Dermot Smurfit, CEO of GAN Limited, said.

“With our established relationship, GAN was the logical provider of our enterprise platform for launching real money Internet gambling and offers Cordish the ability to extend on-property rewards into the online channel, which has been shown to increase loyalty amongst players of Simulated Gaming,” Robert J. Norton, President of Cordish Gaming Group, said.

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