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Gambling in the USA

Gambling.com Announces the American Gambling Awards Finalists

George Miller

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Gambling.com Announces the American Gambling Awards Finalists
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The American Gambling Awards have announced more than 50 unique finalists across 14 categories for the inaugural edition of the awards. Gambling.com will present the winners with the Golden Eagle trophy on June 18th, 2019 at the All-American Sports Betting Summit. Custom designed and developed over the past 3 months, the Golden Eagle is the new icon of achievement in the regulated American market for online gambling.

 

The American Gambling Awards were launched in March, 2019 as the first awards program to recognize excellence among operators, suppliers, advocates, policymakers, lawyers and regulators supporting the regulated online gambling market in the United States.

To properly honor the achievements of the winners, the Gambling.com awards team insisted on developing a custom trophy to be the new icon of achievement in the industry. The team engaged Society Awards, the design house that produces the most recognizable trophies in the world, including those for the Oscars, the Golden Globes and the Emmys. Manufactured in America, the Golden Eagle trophy is an 11-inch, gold-plated, cast-pewter statuette of an American Bald Eagle, proudly resting in front of a pile of casino chips.

Charles Gillespie, Chief Executive of Gambling.com Group Plc, explains, “After announcing the American Gambling Awards in March, we received tremendous feedback and excitement from throughout the industry here in America. We are pleased to announce a strong list of contenders that represents the first movers, leaders and all around go-getters, paving the way in the American online gambling market. We’ve also had great fun developing the Golden Eagle trophy, an epic statuette that is unlike anything the gambling industry has seen before.”

The nominations for each award category will now be evaluated by a panel of more than 25 expert judges. To ensure the highest possible integrity, votes will be tallied by PricewaterhouseCoopers.

The American Gambling Awards will culminate with a party and trophy presentation on June 18th, 2019 in association with the All-American Sports Betting Summit, organized by Eventus International. Matthew Berry, the fantasy sports analyst, New York Times best-selling author and host of The Fantasy Show on ESPN+, will host the party. Winners will be crowned as attendees celebrate at the historic Monmouth Park Racetrack in Oceanport, New Jersey on the 1 year anniversary of New Jersey’s first legal sports bet. The party is free to attend for all registered attendees of the All-American Sports Betting Summit, finalists, judges and others by invitation.

The finalists for the 14 award categories are:

American Operator of the Year

  • Caesars Interactive Entertainment
  • Golden Nugget
  • MGM Resorts (Borgata + PlayMGM)
  • Rush Street Interactive
  • 888 Holdings

Sports Betting Operator of the Year

  • Caesars
  • DraftKings
  • FanDuel
  • PlayMGM
  • William Hill

Casino Operator of the Year

  • Betfair Casino
  • Caesars
  • Golden Nugget
  • Rush Street Interactive
  • Tropicana
  • 888

Poker Operator of the Year

  • Borgata
  • WSOP
  • 888

Fantasy Sports Operator of the Year

  • DraftKings
  • FanDuel
  • FantasyDraft
  • Monkey Knife Fight
  • Playline
  • Yahoo! Fantasy Sports

Horse Racing Operator of the Year

  • OffTrackBetting.com
  • TwinSpires
  • TVG
  • Xpressbet

Payments Provider of the Year

  • EML
  • PaySafe

Service Provider of the Year

  • Optimove
  • Fresh8 Gaming
  • Digital Fuel
  • Evolution Gaming
  • GeoComply
  • Income Access
  • Sportradar
  • Catena Media
  • Vegas Kings

Corporate Transaction of the Year

  • Bet365 & Hard Rock
  • MGM Resorts & GVC
  • MGM Resorts & Boyd Gaming
  • Paddy Power Betfair & FanDuel
  • The Stars Group & Eldorado Resorts

Responsible Gambling Award

  • BetAmerica
  • DraftKings
  • FanDuel
  • National Council on Problem Gambling
  • Rush Street Interactive

Industry Supporter of the Year

  • Joe Brennan Jr, CEO, SportAd
  • Senator Raymond Lesniak, former New Jersey State Senator
  • Dan Wallach, Wallach Legal
  • GeoComply
  • iDEA Growth

Lawyer of the Year

  • Mark Hichar
  • Jeff Ifrah
  • Ted Olson

Policymaker of the Year

  • Shawn Fluharty, West Virginia Delegate
  • Bill Galvano, Florida State Senator
  • Brandt Iden, Michigan State Representative
  • J. Gary Pretlow, New York Assemblyman

Regulator of the Year

  • Allen Godfrey, Mississippi Gaming Commission
  • Susan Hensel, Pennsylvania Gaming Control Board
  • David Rebuck, New Jersey Division of Gaming Enforcement

For more information about the American Gambling Awards, including a full list of award finalists and judges, please visit the awards website here: www.gambling.com/us/awards

Source: Gambling.com Group Plc

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Gambling in the USA

Playtech Casino launches with bet365 in New Jersey

George Miller

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Playtech Casino launches with bet365 in New Jersey
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Playtech, the world’s leading gambling technology company, today announces it has launched its award-winning Casino content with long-term strategic partner, bet365, in New Jersey.

The launch sees bet365 go live with a selection of Playtech’s best-performing games including Playtech classics like White KingGreat Blue, and Frankie Dettori’s™ Magic Seven.

The partnership marks the first step for Playtech into the US market, with plans to partner with more New Jersey operators in the coming months. This follows Playtech securing regulatory approval for the market just last month. Playtech has also started the licensing process in other US jurisdictions.

bet365 entered the New Jersey market in 2019 and has since been providing its sportsbook and online casino to customers in the state.

A bet365 spokesperson, said: “We’re excited to partner with Playtech in order to expand our content offering to the US market. Given the range and caliber of Playtech’s content, being first to market it is a real differentiator for our platform. We look forward to developing upon our already solid partnership as we continue to grow our Casino offering.”

Shimon Akad, Playtech Chief Operating Officer, said: “This is a significant moment for Playtech and our development in the US. Launching Playtech’s software in the US is a landmark, and we are very pleased to be taking this step with one of our most trusted partners in bet365. With more titles and content launching in the coming weeks and months, there are exciting times ahead. This launch also serves as a prime example of our commitment to partnering with leading operators to bring leading software services and great content to new and growing markets.”

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Gambling in the USA

Michigan’s Sports Betting and Online Gambling To Bring $650M In First-Year Revenue, According to MichiganSharp.com

George Miller

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Michigan's Sports Betting and Online Gambling To Bring $650M In First-Year Revenue, According to MichiganSharp.com
Reading Time: 2 minutes

 

Sports betting and online casinos could produce as much as $93 million in first-year tax revenue in Michigan, according to projections from MichiganSharp.com.

The first of Michigan‘s online sports betting and casino platforms might launch by the end of 2020. This sets the stage for Michigan to become one of the top online gambling states in the U.S.

Competitive State Tax Rates Make for an Online Betting Hub

Gross revenue from sports betting, both online and retail, will be taxed at 8.4% from the state. Detroit‘s three commercial casinos pay an additional 1.25% city tax.

Michigan hosts 26 land-based casinos, all of which can be expected to offer sports betting and online gaming to the state’s 10-million population at some point.

“All of the pieces are in place for Michigan to become a major hub for sports betting and online gambling,” said Geoff Fisk, analyst for MichiganSharp.com. “Virtually all of the state’s casinos should want a piece of the new market, especially with the attractive tax rates.”

By comparison, New Jersey taxes land-based sports betting at 9.75% and online sportsbooks at 13%. Indiana‘s online sports betting tax is levied at 9.5%, while Pennsylvania taxes sports betting at 36%.

State lawmakers passed House Bill 4916 in December 2019, which legalized both retail and online sports betting. The bill also brings online casinos and online poker to the state, setting the stage for Michigan to become one of the biggest legal online gambling markets in the US.

All 26 of Michigan‘s retail casinos can apply for sports betting and internet gaming licenses through the Michigan Gaming Control Board. In a situation unique to Michigan, the state’s three commercial casinos, as well as the 23 tribal casinos, are eligible to offer internet gaming.

Online sports betting has proven massively successful in Pennsylvania and New Jersey. In both states, online wagering accounts for more than 80 percent of total sports betting revenue.

First-Year Revenue Projections of $650M, According to MichiganSharp.com

MichiganSharp.com projects that the state could bring in as much as $400 million in total first-year sports betting revenue, producing $33.6 million in tax revenue for the state.

“Mobile wagering should be the major revenue driver for Michigan‘s sports betting market,” Fisk said. “The convenience and ease of access of online sports betting opens up a whole new world of opportunities for both bettors and sportsbook operators.”

Online casino and poker revenue will be taxed at 20-28% from the state, using a tier system dependent on earnings. MichiganSharp.com projects that online casinos and poker could earn as much as $250 million in first-year operations, bringing in a possible $60 million in tax revenue.

MichiganSharp.com projects that total revenue from sports betting, online casinos, and online poker, could earn $650 million in year one of operations, resulting in $93.6 million in tax revenue for the state.

For more analysis and news on the latest developments in Michigan‘s legal gambling industry, visit MichiganSharp.com.

 

SOURCE MichiganSharp.com

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EveryMatrix Press Releases

EveryMatrix recruits Erik Nyman to establish US presence

George Miller

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EveryMatrix recruits Erik Nyman to establish US presence
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Technology provider EveryMatrix recruits iGaming executive Erik Nyman to join its Leadership Team and lead the opening of the company’s first US office.

Erik Nyman will lead EveryMatrix’s expansion in the US market by building the organization as President Americas. With over 10 years of experience in the online gaming business, Erik is specialized in new market entries and strategic deals. His leadership and business acumen played a pivotal role in establishing NetEnt in the US.

CasinoEngine, the company’s iGaming and Integration Platform, will be the leading product for the expansion, following its massive success in several European markets.

Ebbe Groes, Group CEO of EveryMatrix, comments: “Expanding into the US is the next step for the organization. We have a strong European presence, very experienced teams, premium products on both casino and sports, so tackling more regulated markets is a logical strategic move for us.

“I welcome Erik to our team, and I personally admire his skills, experience, and determination. I am delighted that we can attract such talent in our Leadership Team. Erik will make our entry considerably more effective and successful.”

Erik Nyman, President Americas at EveryMatrix, says: “EveryMatrix offers the largest variety of products and functionality in the online gaming business. Their platform, entrepreneurial spirit and people have enabled their success, which has accelerated over the last years.

“Today EveryMatrix is among the leading turnkey suppliers in our industry. Success in the US requires great product, dedication and the ability to establish strong beneficial partnerships. The organization possesses all of those qualities, and I am very honoured to lead their expansion into the US and Americas.”

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