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Gambling in the USA

MGM Resorts’ Scott Butera to address NYC Sports Betting Investor Summit

George Miller

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MGM Resorts' Scott Butera to address NYC Sports Betting Investor Summit
Photo Source: sportingnews.com
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MGM Resorts’ Interactive Gaming President added to roster following Buffalo Wild Wings deal

 MGM Resort’s Interactive Gaming President Scott Butera is set to address delegates at next month’s Sports Betting Investor Summit in New York.

The gaming company and its sports betting venture, ROAR Digital, announced a multi-year partnership with sports bar brand Buffalo Wild Wings last week, which will see the BETMGM digital gaming platform introduced throughout its venues.

Among the first collaborations will be a new Buffalo Wild Wings sports bar that is due to open at Mandalay Bay next year, with other set to follow across the chain’s 1,200 strong restaurant estate as states continue to pass sports betting legislation

Butera will discuss the unique deal, as well as opportunities that sports betting presents for land-based casinos, on the opening panel of the Investor Summit at New York’s Metropolitan West on Monday 4th November.

He will be joined on the panel, which will be moderated by Morgan Stanley, by Kresimir Spajic, Senior Vice President and Managing Director, Online Gaming and Sports Betting, Hard Rock International.

The one-day investor summit is set to be followed by two days of debate at Sports Betting USA, which will examine the growing industry and its value chain through the lens of four crucial components: regulation, acquiring customers, maximising the value chain, and financing this $150 Billion opportunity.

Now in its third year, the show is well on the way to being sold-out again, with tickets sales up ten per cent on this time last year, according to event director Rory Credland.

He said: “Speakers like Scott Butera are what makes this a must-attend event, as they are at the cutting edge of what is set to be a $5 billion industry in the next five years.

“We have a stellar line-up again this year, with all of the major sports leagues represented, and a host of very knowledgeable speakers who will be able to shed light on all of the current challenges and opportunities.”

“As the landscape changes, we are also seeing more media companies attending, as well as key stakeholders like the National Indian Gaming Association, and some of the biggest and most experienced suppliers from both sides of the Atlantic.”

Among the highlights of this year’s show will be a presentation by New York Senator Joseph Addabbo Jr and New York State Assemblyman J. Gary Pretlow, who will share the state’s vision for sports betting.

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

 

 

Gambling in the USA

Rush Street Interactive Partners With Global Leader Scientific Games To Premier Its Online Casino Games In The Pennsylvania Market At BetRivers.com And PlaySugarHouse.com

George Miller

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Rush Street Interactive Partners With Global Leader Scientific Games
Reading Time: 2 minutes

 

Rush Street Interactive (RSI) is excited to partner with Scientific Games to become the first online casino operator in Pennsylvania to premier the global entertainment company’s fan favorite games on its BetRivers.com and PlaySugarHouse.com sites.  The newly launched games include 88 Fortunes, which is the most popular slot game on the PlaySugarHouse.com online casino site in New Jersey, as well as a player favorite at Rivers Casinos in Philadelphia and Pittsburgh, along with Spartacus™, Starmania® and Mad Mad Monkey®.

“We are excited to partner with Scientific Games to be the first online operator in Pennsylvania to bring these top quality and well-known casino games to our players,” said Richard Schwartz, President of Rush Street Interactive, which operates BetRivers.com and PlaySugarHouse.com.  “88 Fortunes is already the most popular slot game out of over 550 slot games on PlaySugarHouse.com in New Jersey and we expect Pennsylvania players will love playing it online just as much.”

With the combination of beautiful Asian artwork and bonus features, 88 Fortunes is a fan favorite because of the bounty of winning opportunities it offers players.  88 Fortunes Fu Bat Jackpot feature offers four progressive levels with a Grand Jackpot possible.  Players also enjoy the ability to trigger the free games feature that can also be retriggered.

“Scientific Games is thrilled to partner with Rush Street Interactive, a proven online gaming operator and market leader for online casinos in Pennsylvania,” said Bob Hays, VP Commercial, North America for Scientific Games.  “We are proud to be close partners with RSI as we collaborate together to grow the exciting online casino category in the US market.”

Both BetRivers.com and PlaySugarHouse.com currently offer a match of a new customer’s first deposit, up to $250.  The award-winning sites/apps also focus on offering high quality customer service; great deposit/withdraw methods and quick payouts.  Both sites have seen an uptick of 4 to 5 times more players signing-up in the past few weeks.

Scientific Games slots join a robust but growing online casino catalog that now contains over 100 real-money slots, table games and video poker variants in Pennsylvania. In addition to fan-favorite casino slots, BetRivers.com and PlaySugarHouse.com feature online exclusive slots as well as progressive jackpot slots.  New titles are added weekly.

All ® notices signify marks registered in the United States.

 

SOURCE Rush Street Interactive

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Gambling in the USA

GAN’s Online Gambling Revenue in Pennsylvania Rises in February 2020

Niji Narayan

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GAN’s Online Gambling Revenue in Pennsylvania Rises in February 2020
Reading Time: < 1 minute

 

GAN plc has updated the market following the publication of Internet gaming and Internet sports betting financial information for the calendar month of February 2020 in Pennsylvania, by the Pennsylvania Gaming Control Board (PGCB).

Internet Gaming Win was $19.5 million in February, reflecting an increase of 39.6% from the prior sequential month. Total Internet Sports Wagering Handle was approximately $294.1 million in February, compared to $308.6 million in January. Internet Sports Wagering Gross Revenues (after payouts) for the month of February were $10.8 million, compared to$26.7 million in January.

Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.

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Gambling in the USA

Scientific Games Statement on COVID-19 Response

George Miller

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Scientific Games Statement on COVID-19 Response
Reading Time: 2 minutes

 

Scientific Games Corporation is taking essential actions to respond to the global COVID-19 crisis.

Scientific Games CEO Barry Cottle said: “Like many others, our industry is facing unprecedented challenges from the widespread impact of the COVID-19 outbreak. We are working around the clock to take care of our employees, customers, shareholders and other key stakeholders in these difficult times, while providing uninterrupted products and services to those customers who continue to operate. Thankfully, we came into this year with a very strong liquidity position, including substantial capacity under our revolver, and also refinanced our debt, extended our major maturities and lowered our interest expense. We have a diverse portfolio of assets, product and services that uniquely position us to weather this crisis.

We are taking a variety of actions to help ensure that we meet the demands of this outbreak and are ready when the industry begins to recover. I am confident that the measures we are taking now will prepare us to come out of the crisis even stronger than before. And, I have never been prouder to lead a team where everyone is stepping up to help each other, our partners and our Company.”

The Company is instituting a number of cost-savings measures to ensure stability for team members and protect the operations of the Company. Some of these measures include workforce hour and pay reductions to preserve as many jobs as possible and furloughs for those support roles that have seen a decrease in industry work. During this challenging time, the executive leadership team has committed to a voluntary 50% salary reduction while Chief Executive Officer Barry Cottle has volunteered a 100% reduction in pay.

We recognize that the temporary furloughs that are made necessary by the impact of COVID-19 on our Company create substantial hardship for the furloughed employees and their families. We are establishing a Hardship Relief Fund to provide short-term assistance to those employees and their immediate families who incur unexpected and onerous personal, family, or living expenses as a result of the COVID-19 crisis. The Company, Barry Cottle and several other senior executives will be making contributions to the fund.

Scientific Games is committed to supporting our customers in this crisis by continuing to provide quality, secure products and services to partners across lottery, iGaming, sports betting and land-based casinos. In addition, SciPlay continues to publish free-to-play apps for players to enjoy.

Scientific Games leadership will continue to evaluate this rapidly-evolving situation and assess the duration of cost-savings measures based on the continuing impact of COVID-19.

© 2020 Scientific Games Corporation. All rights reserved.

 

About Scientific Games:
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

SOURCE Scientific Games Corporation

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