Industry News
Gaming
Top stories summarized by our editors
12/21/2020

Lucky Dino, an online casino operator, will be purchased by a Malta Gaming Authority-licensed subsidiary of Esports Entertainment Group for approximately $30 million. "In addition to further strengthening our tech stack, Lucky Dino's assets will give us a substantial foothold in multiple new jurisdictions across Europe and Scandinavia where esports are extremely popular, and with Lucky Dino's 30K monthly active casino players we will have tremendous cross-selling opportunities with our SportNation and Vie.gg betting platforms," said Grant Johnson, CEO of Esports Entertainment Group.

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CasinoBeats (UK)
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Grant Johnson
12/21/2020

WarHorse Gaming, a gaming division of the Winnebago Tribe of Nebraska, has been established to oversee casinos that will be developed in Lincoln, South Sioux City and Omaha, following the state's passage of a constitutional amendment repealing a ban on casino gaming. The casinos are expected to be fully operational in 2022, with limited gaming to be available by the end of next year.

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The Washington Times
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Winnebago Tribe
12/14/2020

Sports betting in Iowa reached almost $87.2 million in wagers in November, a record high since sports gaming was legalized in the state in August 2019. Officials expect even higher numbers beginning in January, when a requirement that sports bettors must first go to a state-licensed casino in person to set up an account is no longer in effect.

12/14/2020

New Jersey is one of most recent states to legalize recreational cannabis, but gaming experts say it is unlikely that Atlantic City casinos will allow the consumption or sale of marijuana in their facilities even after state regulations have been finalized. "Atlantic City's casinos will likely follow Las Vegas' lead in not openly embracing recreational marijuana until increasing mainstream acceptance, and the experiences of states like Colorado, California, Washington, Oregon and Nevada lead to a change in the federal position," said Jane Bokunewicz, of Stockton University's Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism.

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Stockton University
12/14/2020

In an effort to recover revenue lost due to the pandemic, the Philippines has issued a regulation that will permit casino-resorts to offer online gaming to Filipino high rollers, and the new rule may go into effect this month. It is estimated that high rollers make up 10% to 15% of overall gaming revenue.

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Reuters
12/14/2020

Century Casinos and Rush Street Interactive have joined forces to offer BetRivers.com, an online casino in West Virginia that will be available in the second quarter of 2021 pending licensing and regulatory approval. Rush Street previously has launched sportsbooks and online gaming in Pennsylvania and New Jersey, along with sports betting platforms in Colorado, Indiana, Iowa and Illinois.

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Gambling News
12/14/2020

A joint project between the Mohegan Tribe, owners of Mohegan Sun Casino, and the Mashantucket Pequot Tribe, owners of Foxwoods Resort Casino, to build a casino in East Windsor, Conn., has been postponed indefinitely, as the tribes are still dealing with the financial fallout from the pandemic. "The past seven months have presented our organizations with unprecedented challenges, and for the foreseeable future, we need to focus our efforts on the successful operation of our existing facilities," the tribes' chairmen said in a statement.

12/7/2020

To reinvigorate Las Vegas casinos, author and gaming historian David Schwartz says operators need to return to providing customers with a more intimate, personalized feeling that was commonplace in the 1950s and 1960s when Rat Pack members such as Dean Martin and Frank Sinatra frequented the Strip and mingled with guests. Casinos are much larger and provide more amenities now, but "they don't always do such a good job of communicating what will make the experience inside them unique and worthy of a trip," Schwartz says.

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Casino
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Rat Pack
12/7/2020

A sportsbook from Betfred USA Sports has opened at Wind Creek Casino in Bethlehem, Pa., and it includes two video walls, eight self-service betting kiosks and a sports pub. The casino also has plans to add an online sportsbook soon.

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Wind Creek Casino
12/7/2020

Revenue at Macau casinos was expected to improve in November as coronavirus restrictions became less stringent, but instead operators saw a decline of 7% from the previous month. Year-over-year gross gaming revenue in November was down 70.5%.

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The Motley Fool