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Gambling in the USA

Everi and Penn National Gaming Extend Cash Access Services Agreement

George Miller

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Everi and Penn National Gaming Extend Cash Access Services Agreement
Reading Time: 2 minutes

 

Everi Holdings Inc., the casino gaming industry’s single source provider of gaming products and financial technology solutions, announced a four-year extension of its cash advance, ATM, check warranty, and redemption device services agreement with Penn National Gaming, Inc., the nation’s largest regional gaming operator with 40 properties in 18 jurisdictions throughout the United States.

Everi will also serve as the exclusive supplier of any new kiosk hardware deployed at Penn National sites during the extended agreement term. Everi has been a long time provider of ATM, cash advance, and check warranty services for Penn National as well as ATM and cash advance services for Pinnacle Entertainment prior to its recent acquisition by Penn National.

“Extending our agreement to provide a full range of cash access services for Penn National is a testament to the level of operating efficiencies and ease of use our cash access products deliver to casino operators and their players,” said Darren Simmons, Business Leader, Financial Technology Solutions, at Everi. “Our cash access products are designed and built with both the casino employee and patron in mind all in an effort to help drive more funds to the floor efficiently and securely. We appreciate Penn National’s continued recognition of the unique benefits our innovative products bring to their operations and their ability to offer a better patron experience in deciding to extend and expand on the services we provide them.”

“Our goal is to deliver best-in-market gaming, entertainment, and dining experiences for our customers,” said Jay Snowden, President and Chief Operating Officer of Penn National. “We want to provide our more than five million active customers in our player rewards database, and those patrons who visit our gaming facilities for the first time, an exceptional experience which typically starts with them accessing funds. Everi’s cash access products and intuitive kiosks will enable us to offer that premium experience our patrons have come to expect from a Penn National facility.”

 

About Everi:
Everi is a leading supplier of technology solutions for the casino gaming industry. The Company Powers the Casino Floor® by providing casino operators with a diverse portfolio of products including innovative gaming machine 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.

About Penn National Gaming:
Penn National Gaming owns, operates, or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent completion of the Pinnacle Entertainment transaction, the Company now operates 40 facilities in 18 jurisdictions. In total, Penn National facilities feature approximately 49,000 gaming machines, 1,200 table games, and approximately 9,000 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.

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

Legislators discuss bill to legalise sports betting in Montana

Niji Narayan

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Legislators discuss bill to legalise sports betting in Montana
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Members of a legislative committee discussed a bill to legalise betting on college and professional sporting events in Montana. The bill proposes to allow betting in bars with full liquor licenses.

The bill is proposed by Republican Sen. Mark Blasdel of Kalispell after the 2018 U.S. Supreme Court ruling that allows states to legalise sports gambling.

Supporters told the Montana Senate Business, Labour and Economic Affairs committee that passing the bill would allow the state to legalise, regulate, and tax activity that is already happening.

The computerised wagering would be run by sportsbook companies that install equipment in bars. The bill calls for bars to receive 5 per cent of the net sportsbook income derived from the premises while operators would pay an 8.5 per cent state tax on adjusted gross betting receipts.

The committee did not vote on the bill which was drafted in consultation with the state Department of Justice, companies that provide gambling machines to casinos, and the Montana Tavern Association.

If passed, it would not take effect until June 2020, giving the state time to write rules and taverns time to install and test machines, Blaisdel said.

If problems arise, Blaisdel said, the Legislature would be back in session in six months and could address them.

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Gambling in the USA

William Hill US contributes $50,000 in New Jersey

Niji Narayan

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William Hill US contributes $50,000 in New Jersey
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William Hill, America’s premier sportsbook operator, has donated $50,000 to the Council on Compulsive Gambling of NJ. This fund helps conduct a campaign that supports people with gambling problems.

The campaign will produce an educational video that shows the family of a problem gambler and directs them to helpful resources. The video will be distributed online and via social media and promoted through ads on TV, on the radio, online and in movie theatres.

“We are proud to partner with the Council on Compulsive Gambling of New Jersey on bringing attention to this extremely important issue,” said Joe Asher, CEO of William Hill U.S. “When we settled a lawsuit recently, we said a portion of the proceeds would go to an organization that supports people with gambling problems. The Council on Compulsive Gambling of New Jersey saw the article about our intentions and reached out to us. We spent a lot of time working on best use and we decided to focus on reaching out to family members of those with a gambling problem. I know from personal experience that family members of problem gamblers can help push those that need help to seeking it.”

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Gambling in the USA

NY Governor declares himself “not a fan” of online sports betting

Niji Narayan

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NY Governor declares himself “not a fan” of online sports betting
Photo Source: newsday.com
Reading Time: 1 minute

 

New York governor Andrew M. Cuomo has categorically stated during WAMC News that he is “not a fan” online sports betting. He also downplayed the economic gains that could come with mobile wagering in New York.

The state regulators have already approved legislation for allowing sports gambling at Native American-owned casinos and the four private gaming halls upstate, including Rivers Casino & Resort in Schenectady.

Cuomo described the plan as an attempt to “fortify” the upstate casinos.

The limited blueprint, which will soon be subject to a 60-day public comment period, is based on the restrictive gambling language in the state constitution.

“If we want to expand it beyond the land-based casinos … we need a constitutional amendment,” state Budget Director Robert Mujica told reporters when the state budget was revealed in January.

Despite this interpretation, industry stakeholders and some state legislators are still pushing for online sports wagering.

The budget resolution approved by Senate Democrats last week would allow the full-scale upstate casinos to offer sports gambling online. Other gambling operators — including off-track betting corporations, the New York Racing Association and the video lottery terminal parlors known as racinos — would still be excluded from participating.

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