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Gambling in the USA

NetEnt continues expansion in Pennsylvania through Parx deal

George Miller

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NetEnt continues expansion in Pennsylvania through Parx deal
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NetEnt has entered into an agreement with Parx Casino ahead of the opening of the regulated online casino market in Pennsylvania (USA).

 

NetEnt continues to ramp up its preparations to enter the regulated market for online casino in Pennsylvania. Once the market opens, a broad range of NetEnt’s portfolio of slot games and table games will be available at Parx Online, operated by Greenwood Gaming and Entertainment Inc, who also operate Parx Casino, a horse racing venue and the largest casino gaming complex in Pennsylvania.

NetEnt games will be delivered via the GAN platform, which also enables free spins and the free spin widget.

“Parx is a household brand in the gambling community in Pennsylvania. I am very excited that we have secured this important agreement ahead of market opening. I am certain that Parx players will enjoy our games and unique features and that our tools will help Parx grow their business within online casino,” says Erik Nyman, Managing Director NetEnt Americas LLC.

The agreement with Parx Online in Pennsylvania is the third agreement struck for NetEnt ahead of the market opening.

“We are looking forward to expanding the Parx Casino offerings into the online world.  As part of this, we’re excited to be able to offer NetEnt’s outstanding suite of game content as part of our online casino launch in Pennsylvania,” says Matthew Cullen, SVP iGaming & Sports, Parx Casino.

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

US billionaire Tilman Fertitta to pursue Caesars stakes acquisition

Niji Ng

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US billionaire Tilman Fertitta to pursue Caesars stakes acquisition
Photo Source: reviewjournal.com
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Billionaire real estate mogul, Tilman Fertitta, based in Texas, is still pursuing the ambitious plan to merge his business empire with Caesars Entertainment Corporation. Caesars had rejected a similar offer from Tilman, who is known as the richest restaurateur in the world. Tilman has since started acquiring stock in the company, giving rise to further news about the possible merger. Fertitta has not made any public announcement. But sources familiar with this latest move have revealed that the billionaire has bought 4 million shares in Caesars, which is less than 1 per cent of the casino and hotel operator’s total. The source also affirmed that Fertitta is still interested in combining his business with Caesars, and he believes that the corporation is undervalued. However, the businessman is yet to make another merger proposal.

Tilman is a renowned business mogul, and he currently ranks #153 on the Forbes 400 with a fortune of $4.6 billion. He is the owner of Landry’s Inc. which owns and operates the Golden Nugget group of casinos in Atlantic City, Biloxi, Lake Charles, and Laughlin. On a wider scope, Landry’s Inc. owns more than 60 brands spanning across 600 locations. Mr. Fertitta’s is also the owner of American pro basketball team, Houston Rockets which he bought last year.

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Gambling in the USA

GAN Reports Strong January 2019 Internet Gambling Growth For New Jersey

George Miller

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GAN Reports Strong January 2019 Internet Gambling Growth For New Jersey
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Total Internet Gaming Win Increased 53.0% from prior year monthly period

 

GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, updated the market following the publication on February 13, 2019 by the New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of January 2019 in New Jersey.

Highlights from the DGE include:
·         Internet Gaming Win was $33.6 million in January compared to $22.0 million in the prior year period, reflecting a year-over-year increase of 53.0%.
·         Total Internet Sports Wagering Handle (1) was approximately $305.0 million for the month of January 2019, a significant increase from $241.0 million in December 2018 and $238.6 million in November 2018.
·         Internet Sports Wagering Gross Revenues (2) (after payouts) were $15.5 million, compared to December’s $14.7 million and November’s $14.5 million.

(1)     Gross amount of money accepted in wagers
(2)     Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events such as the Super Bowl occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.

About GAN Plc:
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.  The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN) and on Euronext Growth (GAME). For more information please visit www.GAN.com.

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Gambling in the USA

Delaware igaming industry performs well in January

Niji Ng

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Delaware igaming industry performs well in January
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The Delaware Lottery’s financial results have shown that igaming performed robustly on the financial front in January 2019, by posting a 57.9 per cent increase in revenues year-on-year.

Revenue rose to $279,541 (£217,970/€247,999), showing a 11.2 per cent month-on-month from December last year.

Players wagered $7.4m across the state’s three licensed igaming sites in January 2019, which represented a 65.5 per cent year-on-year advance, but a 27.7 per cent fall from the $10.3m staked in December 2018. Players won a total of $7.2m during the month.

Video lottery accounted for $190,223.44 of total monthly revenue, a 68.0 per cent share, followed by table games, which contributed a further $66,982.14. Poker rake and fees, on the other hand, contributed just $22,335.51.

Player registrations also grew significantly in January, up 117.3 per cent to 578.

The majority of revenue was generated by Dover Downs, which saw its more than double from $48,215.61 in the prior year to $139,816.37, with 233 players registering to play over the month.

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