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Gambling in the USA

Gaming Innovation Group extends Hard Rock’s sportsbook in Iowa

George Miller

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Gaming Innovation Group extends Hard Rock's sportsbook in Iowa
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We found in a new press release that

Gaming Innovation Group Inc. (GiG) has reached an agreement with its partner, Hard Rock International (Hard Rock), to support its market entry with sports betting in the US state of Iowa. The sportsbook will initially launch with an over-the-counter solution on the casino floor at the Hard Rock Hotel & Casino Sioux City in Iowa. This will be followed by the launch of online and mobile sports betting in Iowa, expected in Q4 2019.

In Iowa, Hard Rock will offer a similar seamless and engaging betting experience for its consumers as it has already delivered in New Jersey, with an omni-channel sportsbook solution based on GiG’s modern and flexible technology.

For GiG, this means the Company will be able to leverage its platform in the US adding more scale to its network and revenues to the business. GiG already has the groundwork done in New Jersey after a successful proof of concept suitable and relevant to the American audience.

Iowa is one of the 12 states in the US legalising sports wagering since the US Supreme Court overturned the federal sports wagering ban in 2018. In August this year, the Iowa Racing and Gaming Commission (IRGC) authorised the 19 casinos in the state to offer statewide retail, online and mobile sports betting to consumers aged 21 or over. Iowa has approximately 3.2 million inhabitants and should also benefit with visitors from neighboring states such as Nebraska and Minnesota. It has an estimated mature sports betting market valued at revenues of around $160 million based on the total amount of money wagered by consumers. The tax rate on the sports betting revenue is 7.5%.

GiG expects this agreement to have limited impact on its revenues in 2019, with an increasing contribution from the launch of online and mobile betting in 2020 onwards.

Kresimir Spajic, Senior Vice President of Online Gaming at Hard Rock International says, “We’re excited to extend our partnership with GiG to support sports betting in Iowa, and further grow our sportsbook portfolio.”  

“Offering sports betting through GiG provides our players and guests a new level of engagement – we couldn’t be more thrilled to be launching in Iowa,” Jim Franke, General Manager of Hard Rock Hotel & Casino Sioux City.

Richard Brown, acting Chief Executive Officer of GiG says, “After a successful launch in New Jersey, I am delighted to further deepen the relationship with Hard Rock, delivering on our strategy to grow with our partner by entering a new state in the US with our sportsbook. The agreement is both a testament to our know-how and prowess to lead a land-based casino into the digital world of betting, and a strong validation of GiG’s commercial and product delivery capabilities. We are looking forward to growing with our partner long term. We have mutual ambitions to entertain consumers with a safe and exciting first-class sports betting experience.”

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

Interblock Signs License Agreement with National Hockey League

George Miller

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Interblock Signs License Agreement with National Hockey League
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Electronic Tables Games Decorated with all 31 NHL Team Logos

Luxury gaming manufacturer and electronic table game (ETG) market leader Interblock® announced it has signed a license agreement with the National Hockey League (NHL ®) to incorporate League and Team logos into Stadium and standalone products.

John Connelly, CEO of Interblock commented “The historical synergy between sports and table game players made signing a deal with the NHL all the more exciting.  This collaboration will create a new portfolio of Electronic Table Games designed to attract a new type of patron to casino floors across North America. The NHL has given Interblock the ability to feature all 31 team logos in the design of our machines, where available, across North America.  Interblock will begin introducing the initial products in Q1 of 2020.

 

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Gambling in the USA

Gaming Regulators Seek Ban on Steve Wynn from Nevada Casino Industry

Niji Narayan

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Gaming Regulators Seek Ban on Steve Wynn from Nevada Casino Industry
Photo Source: axios.com
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Nevada gambling regulators have filed a complaint against Steve Wynn, saying that the casino magnate’s alleged sexual misconduct has damaged the industry’s reputation in the state. The complaint lists multiple instances of sexual misconduct allegations that have been lodged against Wynn since January 2018.

The 23-page complaint, filed to the Nevada Gaming Commission, says Wynn is “unsuitable to be associated with a gaming enterprise or the gaming industry as a whole.” Wynn has denied all misconduct allegations against him.

The move follows a $20 million fine the commission levied on Wynn’s former company in February to settle allegations that former executives failed to investigate claims of sexual misconduct against Wynn by female employees. Gambling regulators in Massachusetts levied a $35 million fine on the company in April but allowed it to keep a casino license for a Boston-area resort.

An investigation by the Nevada gaming control board detailed allegations that Wynn paid hush money to multiple women who claimed he had pressured them into nonconsensual sexual relationships.

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Gambling in the USA

Two new speakers added to Sports Betting USA roster

George Miller

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Two new speakers added to Sports Betting USA roster
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Senator Raymond Lesniak and Jamaal Lesane set to join stellar line-up

Two new speakers are to share their knowledge with delegates at next month’s Sports Betting USA conference in New York after being added to the roster.

Former New Jersey Senator Ray Lesniak and Jamaal Lesane, Senior Vice President, Legal and Business Affairs at The Madison Square Garden Company, will take to the stage on the second day the Metropolitan West.

Senator Lesniak, who was the instigator and driving force behind the legal battle that led to the repeal of PASPA, will deliver the keynote address.

Lesane is at the vanguard of venue owners looking to optimise in-stadia facilities for sports fans and will join the panel discussing the monetisation of the game day experience.

Sports Betting USA, which takes place 5-6 November and follows a one-day investor summit, will examine the opportunities and challenges of the wagering industry that has been estimated to be worth up to $150 Billion.

Event director Rory Credland believes the show, now in its third year, has a stronger line-up than ever and has become a must attend event for those with a stake in the growing market.

He added: “We’re delighted to welcome another two great speakers to Sports Betting USA and are confident they will have a lot to contribute to the exchange of knowledge.

“Senator Lesniak in particular needs no introduction and is one of the main reasons we are all gathering in New York. It will be fascinating to hear his take on the way other states can follow the lead of New Jersey in the coming months.”

Among the other highlights of this year’s show will be a presentation by New York Senator Joseph Addabbo Jr, who will share his state’s vision for sports betting as they look to include its legalisation in the 20/21 budget.

They will be joined by senior executives from leading operators, suppliers and media companies, including William Hill USA, Penn National Gaming and Sportradar, as well as representatives of sporting organisations including the NFL, NBA, NHL, MLB, MLS, PGA Tour, and NASCAR.

 

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