News

13
Dec

OHIO SPORTS BETTING LEGISLATION SUBMITTED TO GOVERNOR DEWINE

Ohio’s sports betting bill is headed to Governor Mike DeWine for approval after securing legislative approval last week.

The bill would allow sports betting online under a Type A license, at land-based sportsbooks (Type B license), and via self-service betting kiosks (Type C license), with the state lottery commission exempt from the sports betting licensing requirement.

A maximum of 25 Type A licenses would be available at any one time, although the Ohio Casino Control Commission may increase this number after all 25 licenses have been issued, if it can be proven to be beneficial to the state.

Type A licenses are available to operators with a place of business within the state with multiple employees, as well as sports gaming facilities which also hold a Type B license.

A total of 40 Type B licenses are available to land-based sports gaming facilities, while licensed liquor establishments will be eligible for one of up to 20 Type C licenses.

Type A license holders will initially be allowed to partner with one online operator, with professional sports organisations, casino operators and video lottery sales agents given preference in awarding Type A licenses.

Numerous iGaming operators and suppliers have already agreed deals to enter Ohio’s regulated market. They include Carousel Group’s Maximbet brand, which has teamed up with an undisclosed partner, Kambi and GAN, who have partnered Jack Entertainment, and DraftKings, Kindred Group, PointsBet, Rush Street Interactive, theScore and Fox Bet, who have all partnered with Penn National Gaming.

Gamingintelligence

10
Dec

SPORTS BETTING GOES LIVE IN MARYLAND

Maryland became the latest US state to launch a regulated sports betting market as Governor Larry Hogan placed Maryland’s first sports wager at MGM National Harbor on Thursday.

Governor Hogan was joined by Washington Football Legend Joe Theismann and Prince George’s County Council Chair Calvin Hawkins to mark the unveiling of the BetMGM Sportsbook & Lounge, placing the state’s first legal sports wager on an all Maryland Super Bowl, with Washington to win the National Football Conference (NFC) and Baltimore to win the American Football Conference (AFC).

“Today marks the culmination of more than a year of effort to get sports betting up and running here in the state of Maryland,” said Governor Hogan. “In addition to allowing Marylanders to bet on football, basketball, and more, sports betting will also help to keep more dollars in-state and will provide another critical revenue source for public education without raising taxes on families and small businesses.”

Prior to yesterday’s launch, the Maryland Lottery and Gaming Control Agency required two days of controlled sports betting testing at the retail sportsbook.

“The BetMGM Sportsbook & Lounge at MGM National Harbor is a key component to making the Capital Region one of the country’s premier sports betting hubs,” said BetMGM CEO Adam Greenblatt. “In partnership with the MGM National Harbor team, we’ve designed a world-class destination for sports fans.”

The retail sports betting opening is the culmination of an effort more than a year in the making. Maryland’s voters approved the legalization of sports betting in a November 2020 referendum.

A bill creating the structure of the state’s sports wagering market was passed by the General Assembly in April and signed into law by Governor Hogan in May of this year, with the Sports Wagering Application Review Commission (SWARC) awarding licenses to five facilities last month.

Horseshoe Casino in Baltimore and Live! Casino & Hotel in Hanover have been conducting controlled demonstrations this week, and are expected to begin taking wagers later today.

“It’s hard to overstate how exciting this moment is; we couldn’t be happier to see sports wagering get started,” said Maryland Lottery and Gaming director John Martin. “It’s a new form of entertainment that we know Marylanders will enjoy, but more importantly, it’s delivering a new stream of revenue for public education in the state. We’re especially proud of that.”

Gamingintelligence

10
Dec

PLAYTECH UNVEILS NEW ZÜRICH LIVE CASINO STUDIO FOR SWISS CASINOS

London-listed gaming technology provider Playtech has launched a new dedicated live casino studio in Switzerland for operator partner Swiss Casinos.

Built on the existing Swiss Casinos site in Zürich, the live casino studio strengthens the partnership between the two companies, which began in 2019 with Playtech powering the operator’s iGaming launch.

The new studio offers Swiss players direct access to the Playtech Live tables, and includes Live Roulette, as well as the classic 7 Seat Blackjack and the scalable Blackjack version of All Bets.

“We are thrilled to unveil our new live casino studio built in close cooperation with the Playtech Live team,” said Swiss Casinos online director Patrick Mastai. “The Live Dealer offering that we can deliver to our customers is unrivaled and the new, first of its kind studio in Switzerland has been built to an incredibly high standard.

“Working so closely with the dedicated and skilled Playtech Live team has also been a great experience. We look forward to developing this partnership further as we continue to grow our product and content offering in Switzerland.” 

Playtech Live senior customer relations manager Margarita Terlanova commented: “The new Playtech Live studio in Zürich is a real testament to the close partnership that Playtech has established with Swiss Casinos. By both teams working closely together, we have been able to deliver an industry-leading online experience that mirrors the feeling of playing inside one of Swiss Casinos’ leading land-based casinos.

“From training the team of dedicated croupiers to work as Live hosts, to the bespoke design of the studio itself, this live experience is like no other we have delivered before. Playtech Live is leading the way on creating an entertainment-led experience that delivers on both a gameplay and presentation perspective. We have every confidence that the customers of Swiss Casinos will have an exceptional gaming experience.”

Shares in Playtech plc (LSE:PTEC) were trading marginally lower by 0.20 per cent at 735.00 pence per share in London earlier Friday.

Gamingintelligence

9
Dec

ILLINOIS SPORTS BETTING WAGERS SOAR TO RECORD $840.4M IN OCTOBER

Illinois’ licensed sportsbook operators have recorded a 93 per cent increase in total amounts wagered to $840.4m in October 2021.

The bulk of the monthly total was wagered on professional sports ($712.6m), with $127.4m bet on college sports and a further $500,243 on motor races.

Overall, online sports wagers soared to $803.4m during the month, with retail contributing $37.0m in wagers.

ILLINOIS SPORTS BETTING HANDLE: OCTOBER 2021 (US$)

Online Retail TOTAL
Casino Queen 308,838,497 6,417,050 315,255,548
Fairmount Park 235,425,523 1,264,632 236,690,155
Midwest Gaming & Entertainment 119,009,434 16,668,921 135,678,357
HC Aurora 67,917,082 1,909,544 69,826,626
Hawthorne Race Course 59,572,923 2,830,811 62,403,736
Elgin Riverboat Resort 12,685,905 1,313,401 13,999,307
Alton Casino — 4,035,267 4,035,267
HC Joliet — 1,800,348 1,800,348
Par-A-Dice Gaming — 751,089 751,089
TOTAL 803,449,367 36,991,067 840,440,435

Casino Queen and partner DraftKings maintained their leadership position in Illinois’ sports betting market with wagers of $315.3m in October, comprised of $308.8m online and $6.4m from retail.

The next biggest operator was Fairmount Park and partner FanDuel with $236.7m in wagers, which comprised $235.4m from online and $1.3m from retail.

Sports wagers from Churchill Downs Incorporated and Rush Street Gaming’s Rivers Casino Des Plaines (trading as Midwest Gaming & Entertainment) amounted to $135.7m during the month, of which $119.0m was generated online. Rivers Casino remained the biggest retail sportsbook in the state with October wagers of $16.7m.

Gaming & Leisure Properties’ Hollywood Casino Aurora collected wagers of $69.8m during the month, including $67.9m online via Barstool Sports, while Hawthorne Race Course and partner PointsBet took in wagers of $62.4m, of which $59.6m was derived online.

Caesars Entertainment’s Grand Victoria Casino (trading as Elgin Riverboat Resort) generated wagers of $14.0m, including $12.7m online via Caesars Sportsbook. This was ahead of Penn National Gaming’s Argosy Casino Alton’s $4.0m, Hollywood Casino Joliet’s $1.8m and Par-A-Dice Gaming’s $751,089, all derived from retail.

Gamingintelligence

6
Dec

WEST VIRGINIA SPORTS AND IGAMING WAGERS REACH $281.3M IN NOVEMBER

West Virginia’s regulated sports betting and iGaming market hit a new record high in November as total wagers soared to $281.3m.

Total wagers in the four-week period ended 27 November increased by 203 per cent year-on-year, with iGaming wagers rising 173 per cent to $198.2m and sports betting wagers climbing 71 per cent to $83.1m. Within sports betting, retail accounted for wagers of $14.9m, with online betting generating wagers of $68.2m.

WEST VIRGINIA SPORTS & IGAMING WAGERS: NOVEMBER 2021 (US$)

Sports Betting iGaming TOTAL
The Greenbrier 50,230,808 104,902,300 155,133,108
Hollywood Casino at Charles Town Races 23,935,874 70,953,896 94,889,770
Mountaineer Casino, Racetrack & Resort 6,043,152 22,306,107 28,349,259
Mardi Gras Casino & Resort 1,901,149 — 1,901,149
Wheeling Island Hotel Casino Racetrack 986,875 — 986,875
TOTAL 83,097,858 198,162,303 281,260,161

iGaming

The Greenbrier and its partners FanDuel and BetMGM maintained their market leadership position in November, generating iGaming wagers of $104.9m, compared to just $28.6m a year ago.

The next biggest iGaming operator was Hollywood Casino at Charles Town Races, where wagers from DraftKings rose 62 per cent to $71.0m. Mountaineer Casino collected iGaming wagers of $22.3m during the month through Caesars and BetRivers, having only launched iGaming operations in April of this year.

A total of $192.2m was paid out in iGaming winnings during the four-week period, resulting in revenue of $5.9m across the state’s three licensed iGaming operators, compared to $1.1m a year ago.

Sports Betting

West Virginia’s five licensed sportsbook operators took in total sports wagers of $83.1m in November, with online wagers climbing 140 per cent year-on-year to $68.2m, offsetting a 26 per cent decline in retail wagers to $14.9m.

The Greenbrier maintained its sportsbook market leadership position in November with wagers of $50.2m, of which $48.2m was derived online, while Hollywood Casino collected wagers of $23.9m, of which $16.6m came from online.

The next biggest sportsbook operator in West Virginia was Mountaineer with wagers of $6.0m, ahead of Mardi Gras’ $1.9m and Wheeling’s $1.0m.

A total of $76.7m was paid out in sports winnings during the month, alongside $124,662 in voided bets, leaving the five sportsbook operators with total taxable receipts of $6.3m, up from $4.4m in November 2020.

Hollywood Casino’s share of taxable receipts amounted to $2.9m, with The Greenbrier at $2.4m, Mountaineer at $517,526, Mardi Gras at $275,987 and Wheeling at $211,341.

Gamingintelligence

6
Dec

DANISH GAMBLING MARKET HIT BY SPORTS BETTING SLUMP IN OCTOBER

Denmark’s regulated gambling market contracted in October, with strong growth in land-based casino revenue failing to offset declines across all other segments.

Total gross gaming revenue (GGR) from betting, online gaming, gaming machines and retail casinos amounted to DKK525.0m (€70.6m) in October, a fall of 25.6 per cent versus October 2020.

The land-based casino segment grew GGR by 18.4 per cent in October to DKK38.0m, while GGR from gaming machines fell by 9.6 per cent year-on-year to DKK115.0m. Online casino GGR for the month was 0.2 per cent lower than a year ago at DKK241m, while sports betting GGR fell by 56.8 per cent to just DKK131.0m.

For the first ten months of the year, GGR across all reported segments amounted to DKK5.07bn (€681.7m), up from DKK4.97bn (€667.6m) a year ago, with betting contributing the largest share of the total at DKK1.95bn, an increase of 4.2 per cent year-on-year.

Online casino GGR grew 13.7 per cent in the ten-month period to DKK2.33bn, helping to offset a 28.1 per cent fall in gaming machines revenue to DKK610.0m and a 12.8 per cent fall in GGR from land-based casinos to DKK1173.0m.

3
Dec

NETHERLANDS TARGETS AFFILIATES AS ONLINE GAMING REVENUE EXCEEDS EXPECTATIONS

Netherlands gambling regulator Kansspelautoriteit (KSA) has investigated 22 online gaming affiliates who are active in the recently regulated market, with more than half of them found to be promoting unlicensed gambling.

Fifteen of the 22 affiliate websites violated the Gambling Act, including 13 which have been, or soon will be, served with a desist order and penalty.

Two investigations are ongoing and a number of websites have switched to promoting licensed operators, the regulator said.

KSA chairman René Jansen also provided an update this week on the state of the newly regulated online gaming market, upping the full-year forecast gross gaming revenue to €814m from the previously forecast figure of €580m.

Jansen said that it is still too early to draw any conclusions from the market bit it is clearly a lot bigger than expected. He also noted that most players have found their way to the regulated market, with monitoring showing that 83.6 per cent of time spent in October by Dutch players on gambling websites was with legal providers.

24
Nov

GERMAN STATE OF THURINGIA PROPOSES ONLINE CASINO MONOPOLY

GERMAN STATE OF THURINGIA PROPOSES ONLINE CASINO MONOPOLY The parliament of the German state of Thuringia has voted for an amendment to its gambling law, which would see a monopoly operator granted the concession to offer online casino table games such as blackjack or roulette. The amendment to the Thuringian Casino Act will now be referred to the European Commission
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23
Nov

SWEDEN’S GAMBLING MARKET GROWS 5% IN THIRD QUARTER OF 2021

SWEDEN’S GAMBLING MARKET GROWS 5% IN THIRD QUARTER OF 2021 Sweden’s regulated betting and gaming market has seen net sales increase by 5 per cent to SEK6.33bn (€622.9m) during the third quarter of 2021. The year-on-year growth was driven by continued growth from the online casino and sports betting segment and the first contributions from land-based casino operations (Casino Cosmopol)
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22
Nov

CHICAGO RELEASES SUMMARY OF PROPOSALS FOR FIRST INTEGRATED CASINO RESORT

CHICAGO RELEASES SUMMARY OF PROPOSALS FOR FIRST INTEGRATED CASINO RESORT The City of Chicago has released a summary of five proposals received through its recent RFP process to create a new integrated casino resort. An initiative that has been three decades in the making, the Chicago casino will be selected from one of five bids first announced earlier this month, with applicants
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