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Gambling in the USA

March Madness Pushes New Jersey Sportsbooks to Record Month, According to PlayNJ.com

George Miller

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March Madness Pushes New Jersey Sportsbooks to Record Month, According to PlayNJ.com
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New Jersey’s online and retail sportsbooks scored a record win and near-record monthly handle in March as the industry crossed the $2 billion mark in bets since legalization. The spike was fueled overwhelmingly by the NCAA Men’s Basketball Tournament, according to PlayNJ.com analysts.

“The first week of March Madness generated more action than the Super Bowl, and even the First Four games attracted enough betting to rival a busy weekend of NFL regular season football,” said Dustin Gouker, lead sports betting analyst for PlayNJ.com. “That is unquestionably a massive success and shows clearly the importance of college basketball to the Northeast’s legal sports betting markets.”

New Jersey’s online and retail sportsbooks accepted $372.5  million in March bets, just shy of the record $385.3 million in January, according to official reporting. New Jersey’s online and retail sportsbooks have now accepted $2.3 billion in bets since legalization in June 2018.

March revenue was $31.7 million, up 150 percent from $12.7 million in February. The win and a high-water gross revenue mark for the state’s online casinos combined in March to generate more than $70 million in monthly revenue.

$2 billion in bets in nine months shows just how much pent-up demand for legal sports betting existed in New Jersey,” Gouker said. “As quickly as the industry has ramped up, though, the next milestone should come more quickly. $3 billionis certainly within reach by the industry’s first anniversary in June.”

New Jersey’s online sportsbook brands accounted for $298,3 million, or 80.8 percent, of total March bets. That’s even with the 80.8 percent of bets that flowed through online sportsbooks in February.

FanDuel Sportsbook/Pointsbet was the dominant online sportsbook, beating rival DraftKings Sportsbook, with $13.3 million in gross revenue, up from $6.59 million in February. DraftKings fueled Resorts’ $7.3 million in March, up from $3.7 million in February.

FanDuel Sportsbook at The Meadowlands remained tops in the retail market with $4.3 million in March gross revenue, up from $1.5 million in February. Monmouth Park followed FanDuel with $986,251.

“Online sports betting will continue to drive the market, and product innovations will likely bear much more fruit in the near future,” Gouker said. “New Jersey’s sportsbooks already offer the most advanced online product of any legal sports betting jurisdiction, and bettors have continually responded.”

LEGAL ONLINE CASINOS

New Jersey’s online casino and poker industry extended its run of record-breaking months of March, nearly reaching the $40 million gross revenue threshold for the first time. Legal online gambling generated $39.1 million in March gross revenue, up 53 percent from $25.6 million in March 2018 and up 23 percent from $31.8 million in February.

The industry generated $1.3 million per day during the 31 days of March, up from the $1.1 million per day in the 28 days of February. With the new record, the industry has now posted an all-time monthly revenue record in every March since New Jersey launched online casinos in late 2013.

“Online sports betting is clearly driving online casino growth,” said Steve Ruddock, lead online gambling analyst for PlayNJ.com. “March has become a predictable spark for New Jersey’s online gambling industry and a first-half indicator for what gains the industry will make in the second half of the year. That pattern should continue this year.”

For more, visit PlayNJ.com/news.

About the PlayUSA.com Network:
The PlayUSA.com Network and its state-focused branches (including PlayNJ.com and PlayPennsylvania.com) is a leading source for news, analysis, and research related to the market for regulated online gaming in the U.S.

 

SOURCE PlayNJ.com

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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eSports

Leaders Group, a new operating company which will bring Advance’s B2B sports, esports and gaming businesses under one umbrella

Zoltan Tundik

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Advance Announces Formation of Leaders Group, a Global B2B Sports, Esports and Gaming Intelligence Platform and Appoints Warren S. Thune as CEO

Advance and its subsidiary, American City Business Journals, today announce the formation of Leaders Group, a new operating company which will bring Advance’s B2B sports, esports and gaming businesses under one umbrella, and the appointment of Warren S. Thune as Leaders Group CEO.

Leaders Group will build on the strong foundation that Sports Business Journal and Sports Business Daily have built over the last 20+ years as the authoritative voice in the business of sports. The group will also include Leaders, The Esports Observer and Newzoo. These trusted brands will continue to be led by their talented management teams, but will now work collaboratively to enhance and accelerate product development, provide superior access to their collective global data assets, and build and capitalize on an increasingly connected global professional network to better serve professionals in the sports and entertainment industries.

Mr. Thune joins from Gartner and CEB where he spent fourteen years in a series of executive roles culminating in serving as Group President, SaaS and Technology Enabled Services. Prior to Gartner, he was a Senior Partner at Oliver Wyman. Mr. Thune holds an MBA from The University of Chicago Booth School of Business and a BA from the University of Pennsylvania.

The addition of Mr. Thune and his business building experience will elevate the value proposition offered to Leaders Group’s customers through the enhancement of the group’s product and service offering, which includes:

  • Market Intelligence and Analytics – Critical and timely global data and intelligence needed to support daily business decisions.
  • Networks – Access and connectivity to globally relevant networks, such as league operators, team owners, facility operators, vendors, brands and merchants to facilitate knowledge sharing, best practices, commerce and opportunities across the global sports, technology, media and entertainment ecosystem.
  • Events – High value events with local to global perspectives through data-driven content and access to relevant industry thought leaders, practitioners and investors.
  • Media – Delivery of real-time news, insights and analysis from industry and functional experts.        

Whitney Shaw, CEO of American City Business Journals and Co-Founder of Sports Business Journal, will become Chairman of the newly established Leaders Group board of directors to which Mr. Thune will report.  Mr. Shaw said: “Warren is a talented executive with a strong track record of building high performing teams and businesses. The business models Warren has executed throughout his impressive career, his ability to manage a global organization and his experience implementing acquisition strategies make him the ideal individual for the role. By combining our media, events and analytics holdings under a single corporate entity, we will be able to more effectively serve a customer base that is increasingly trying to understand how to best operate in a more technologically connected sports and entertainment ecosystem.”

Janine Shelffo, Chief Strategy and Development Officer at Advance, stated, “The business of sports, esports and gaming is a multi-billion-dollar global business with significant unmet demand for more timely data and information and better intelligence to help participants optimize their businesses. We are enthusiastic about working with Warren and the Leaders Group team to seek additional investment and acquisition opportunities to create the most compelling and highest quality insights for clients in the industry.”

Warren S. Thune commented: “I am thrilled to be joining Leaders Group. This is an exciting opportunity to further enhance these industry leading companies and elevate our platform into the premier intelligence provider for global sports, esports and gaming professionals. I look forward to working with each of the Leaders Group businesses and their leadership teams to execute this vision.”

About Advance

Advance is a private, family-owned company that operates and invests in a broad range of media, communications and technology businesses globally.  The Advance family of companies includes Condé Nast, Advance Local, American City Business Journals, Leaders Group, 1010data, POP, Stage Entertainment and, upon the expected completion of its acquisition in Q2, Turnitin. Advance is also among the largest shareholders in Discovery, Charter Communications and Reddit. For further information, please visit www.advance.com

SOURCE Advance

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Gambling in the USA

MGM Resorts International ranked No. 18 on Forbes’ list of 500 America’s Best Large Employers for 2019

Zoltan Tundik

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MGM Resorts International - source: avianaglobal.com
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Forbes, in partnership with the research firm Statista, compiled the annual list by independently surveying more than 50,000 employees across 25 industries. This year MGM Resorts led the Travel & Leisure Industry with its ranking.

Other hospitality companies that made this list were: Hilton Hotels at No. 65; Four Seasons Hotels and Resorts (No. 78); Hyatt Hotels (No. 144), Marriott International (No. 124), and Wynn Resorts (No. 207).

“As a customer focused company, we realize how crucial employee engagement is to the success of our mission to provide a superior guest experience,” says Phyllis A. James, Chief Diversity & Corporate Responsibility Officer for MGM Resorts International. “Our workforce consists of amazingly talented and dedicated people who understand the value of treating our guests and each other with fundamental respect and dignity. We invest in many initiatives to support development and advancement of our team members, such as our College Opportunity Program which allows eligible employees the opportunity to enroll in designated online degree or certificate programs at any Nevada System of Higher Education college or university, without having to worry about the cost. We greatly appreciate the honor this recognition represents.”

Since 2016, MGM Resorts has supplemented its robust employee engagement initiative with new programs and platforms including: an awards-based employee recognition platform called Applause, upward feedback appraisals for managers, and an improved online-based communications portal that gives employees the opportunity to engage each other and stay informed about company news.

Employees who completed the Forbes survey were contacted online and asked to provide anonymous feedback. Employers did not play a role in the selection of participants, who were asked their willingness to recommend their company on a scale of 0 to 10. They were also asked to give their opinions about working conditions, salary, potential for development and company image regarding their current employer.

Each year, Forbes partners with market research company Statista to measure the leading employers around the country and the world by asking those in the best position to say: the workers. Since the employee experience can vary greatly depending on an organization’s size and the individual worker, Forbes’ rankings examine large and midsize employers. Beginning in 2015 with America’s Best Employers, Forbes and Statista have since expanded the coverage to include those employers considered best for diversity, women and new graduates.

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 30 unique hotel and destination gaming offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company recently acquired the operations of Empire City Casino in New York and Hard Rock Rocksino in Ohio, which was rebranded as MGM Northfield Park. In 2018, MGM Resorts opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 83,000 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.

SOURCE MGM Resorts International

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Daily Fantasy Sports

World’s Most Famous Boxer “Pump Fakes” Fight Promotion For Daily Fantasy App

Zoltan Tundik

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Photo source: dailynumber.app
Reading Time: 2 minutes

 

‘Daily Number’ Reaches Exclusive Partnership With Floyd Mayweather

Daily Number, the hottest new daily fantasy sports app, today announced its exclusive partnership with legendary boxer Floyd Mayweather. This announcement was delivered as a fight promotion “pump fake” that put the boxing world on notice and signaled the start of an exclusive partnership between the crown jewel of daily fantasy sports and one of the most famous boxers in history. Daily Number is founded by successful entrepreneur Tom McAuley.

To officially announce this partnership, Daily Number worked closely with Mayweather and Connor Kroll, both of whom have joined the company as equity partners along with Co-Founder and All-Pro NFL Cornerback Richard Sherman, to covertly orchestrate a pseudo fight promotion aimed at shocking the sports world into believing one of the most successful boxers of all time was coming out of retirement. Mayweather ignited the rumor mill by posting a teaser video on his social media accounts on Monday, teasing a big announcement. Today, Mayweather made his much-anticipated big announcement with another video on social media. In the video, the global sports icon held a fake press conference to announce his exclusive partnership with Daily Number.

“I’m excited to announce to the world that The Money Team is now Team Daily Number,” said Mayweather. “You’re talking about the highest paid athlete of all time. It doesn’t take me 10 years to collect a couple hundred million like those guys playing baseball. Daily Number and my brand together is a guaranteed home run.”

The artificial fight promotion is just the beginning for Daily Number, which will be rolling out unique content over the next year featuring Floyd MayweatherRichard ShermanAntonio BrownPaul Pierce and more.

“Daily Number is just going to keep punching you in the mouth,” said McAuley. “Right when you think we’ve stretched the limits of what is possible for an early stage company, we’re going to hit you with the next thing. It truly is an exciting place to be, where the craziest idea you can imagine is executable. That’s 100% a factor of the incredible people that have bought into what we’re doing.”

About Daily Number
Daily Number initially launched in beta in the fall of 2018 behind the endorsement of Sherman, who is the company’s chief brand ambassador, in addition to being a co-founder with McAuley. The company’s patent-pending fantasy sports platform empowers fans to select their own degree of difficulty and subsequent prize, by picking any combination of players – from a lineup filled with all-stars to a roster comprised of role players – to simply beat a preset target score known as the Daily Number. The platform provides unmatched control and enhanced transparency for DFS players throughout the United States.

In addition, the company is also building a lifestyle brand that is unique to the sports gaming industry and will be rolling out additional games over the next year.

Daily Number is available to play on the web and for download on iTunes & Google Play Stores and features daily fantasy opportunities for the NFL, NBA, MLB, and PGA. After being founded in the fall of 2018, the company has been featured in Sports Illustrated, ESPN and CBS Sports.

For more information, visit thedailynumber.com or find them on FacebookTwitter and Instagram.

SOURCE Daily Number

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