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Gambling in the USA

LottBox™ Aims to be the Last Word in Lottery Retail

George Miller

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LottBox™ Aims to be the Last Word in Lottery Retail
Reading Time: 2 minutes

 

When it comes to in-lane lottery solutions, The Froelich Group believes they have the answer. After years of bootstrapping, the small fintech company has successfully tested its revolutionary technology and is set to open its doors for business.

“Do you know why you can’t put instant tickets on the shelf within reach of the consumer?” asks Christian Froelich, Founder of The Froelich Group; a financial services technology company serving the lottery industry. “You can’t do it because someone could grab a bunch of tickets and run out the door. But what if those tickets weren’t worth anything until they were purchased… like gift cards? What if we could activate a lottery’s current stock of instant tickets when they’re sold? Today those ideas become a reality.”

This week, the Froelich Group introduced “LottBox,” a patented system for selling instant tickets that allows lotteries and their retailers to securely activate individual instant tickets upon sale.

“The secret to securely selling instant tickets in-lane is the ability to autonomously inspect each ticket for tampering. If you can do this, you can put your instants on the shelf and activate them in-lane without fear of falling victim to a scam,” said Froelich. “Without it, you’re either trying to redesign instant tickets themselves, or you’re back to locking up instants in a vault of some sort.”

The company’s website outlines the specific benefits for all stakeholders from the players to the lottery to the retailer.

Froelich says that because the price of each LottBox unit is negligible, client lotteries will order enough LottBoxes to put one in every checkout lane of their larger retailers. “Broad distribution is the whole point of in-lane sales. If you’re only in one lane, you may as well save your money and stick with your vending machine,” continues Froelich. “We built a cellular system that is affordable, scalable, can be rolled out within days and requires almost no training. Perhaps most intriguing is the fact that we don’t require a common API or coordination with other lotteries or retailers. In other words, it’s ‘plug and play.'”

Currently, The Froelich Group is developing the second generation, market-ready LottBox that is quicker, smaller, faster and more secure than the original. Froelich says the units will be available to U.S. lotteries by early 2020.

 

Forward-Looking Statements

In this press release, The Froelich Group makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “may,” and “should.” These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors.

 

Source: The Froelich Group

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

Pennsylvania Sports Betting Revenue Increases in July 2019

Niji Narayan

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Photo source: thefiscaltimes.com
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GAN plc has updated the market following the publication by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for July 2019 in Pennsylvania.

Internet Gaming Win was $2.9 million in July compared to $1.4 million in June, reflecting an increase of 100.7%. Total Internet Sports Wagering Handle was approximately $39.0 million for the month of July, compared to $19.3 million in June.

Internet Sports Wagering Gross Revenues for the month of July were $2.9 million, compared to $1.4 million in June.

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

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Gambling in the USA

MGM Springfield Reports First Year a Success

Niji Narayan

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Photo source: newsroom.mgmresorts.com
Reading Time: 2 minutes

 

Michael Mathis, president of MGM Springfield, has reported that the first year of the casino was a success. While revenues for the first year are significantly below its own predictions, Mathis said that the casino is doing fine and he is bullish about the coming year.

“I think there were a lot of naysayers that first said we would never build this; then they said people wouldn’t come because it’s Springfield. And a year later, 6 million visitors later, we’re knocking the cover off the ball on many, many facets of it,” Mathis said.

He cited examples of success as bringing in “world class” entertainment to the downtown, hiring approximately 2500 employees, and that about 40% of its workforce is from Springfield compared to its goal of 35%. In addition, the casino has not caused the traffic congestion and crime that some of the naysayers predicted, Mathis said.

For the month of July, MGM Springfield’s gross gaming revenue was $20.4 million, a 2.23% increase over gaming revenues in June. Since its opening, it has not come close to its expectations of raising $418 million in annual gross gaming revenues during its first full year of operation.

The market has some really strong competitors that have been in operation for many years, Mathis said. MGM Springfield, in luring people to the Springfield casino, has been “really successful in getting return trips.”

“It’s just a matter of when we are going to be able to get there. It’s going to take some time in a market like this. If you look at any other facility in the market, there’s always a ramp-up,” Mathis said.

The casino is making a number of changes such as adding bars including a VIP Lounge, adding new amenities, “and we will continue to get smarter about it and chip away into that number,” Mathis added.

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Gambling in the USA

Plaza Hotel & Casino to host second annual Las Vegas Pickleball Open, Sept. 24-28

Vlad Poptamas

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LAS VEGAS – With more pickleball courts than any Las Vegas hotel/casino, the Plaza Hotel & Casino is again the official hotel and title sponsor of the Las Vegas Pickleball Open, Sept. 24-28. The annual competition saw registration more than double in its second year and expects to welcome nearly 650 players in 2019.

Due in large part to the success of last year’s tournament, hundreds of amateur and professional pickleball players from across the United States and around the world, including Japan, Mexico and Canada, will participate in next month’s event. Players also span multiple generations, from 12 to 81 years of age. Many players from last year are also returning, including top pros Simone Jardim and Kyle Yates to defend their mixed doubles title.

The Las Vegas Pickleball Open offers professional players a competitive prize package of $25,000 split between grand prize, silver and bronze medalists. The Plaza will again construct special grandstand seating for championship matches that will be streamed live on the event website.

“Pickleball continues to grow in popularity for players young and old,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “Since we debuted the permanent pickleball courts on the rooftop pool and recreation deck in 2016, the Plaza has built a unique reputation as a premier pickleball destination. Now, we are welcoming hundreds of players from around the globe for this unparalleled tournament that offers players everything: top-notch competition as well as delicious dining options, exciting entertainment and relaxing accommodations, all in the heart of downtown Las Vegas.”

The tournament will offer men’s, women’s, and mixed amateur doubles matches as well as men’s, women’s, mixed and senior (50-plus) professional doubles matches. Matches will be played from 8 a.m. to 10 p.m. daily, with the scheduling of the championship matches to be announced. Spectators can attend any of the matches, including the semi-finals and championships, for free.

Players can register for the tournament online at www.lasvegaspickleballopen.com. Participants can also book hotel rooms at the Plaza at a special tournament rate, starting at $40 per night on the event site or at https://www.plazahotelcasino.com/entertainment/pickleball-open/.

A cross between tennis, badminton and ping pong, pickleball is the fastest growing racquet sport in the U.S., boasting more than three million players – a number that has been growing by more than 10 percent each year over the past decade.

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