"Soft" gaming activities are not really betting, according to a significant number of people responding to a YouGov/Industry Group For Responsible Gambling survey in advance of this week's Responsible Gambling Week in the UK. One-third or more of those surveyed don't consider lottery tickets, bingo games or arcade machines as forms of wagering.
Online casinos are finding that "trying to measure the value on tons of customers that spend over thousands of dollars a month can be complicated," Harry Stark writes. He tells how to determine where the majority of customers create value and how to make them feel appreciated.
Indiana's Rising Star Casino Resort accepted the first wagers at its BetAmerica sports book this week. The state's casinos were allowed to offer sports betting as of Sept. 1.
A federal judge sided with an arbitration panel, ruling that New York's Seneca Nation must pay the state $255 million. The amount covers casino revenue payments the group withheld in 2017 and 2018.
What once seemed like a boon for casino operators is looking more like a potential boondoggle lately as each company is realizing the cost of building a single casino resort in Japan could surpass the combined investment in all its casinos and shopping malls in Macao. Most companies except for MGM have dropped out of consideration for a casino in Osaka, and Las Vegas Sands' latest earnings call revealed that the company is re-evaluating whether shareholder returns for any Japanese resort would be sufficient.
Hold Gaming's games -- a blend of skills, esports, iGaming and social casino -- are attracting younger wagerers and making inroads in every state that allows sports betting, and the company has jumped into Australia and is eyeing Canada. By building compliance into the platform from the outset, CEO Phil Runyan believes moving into markets with tight regulation will be easy.
Puducherry, India, is a rising tourism star, welcoming more than 16 million domestic and 1.4 million international tourists in 2018. The local government plans to allow private companies' offshore casinos and five-star hotels to take advantage of and expand the trend.
Casino operators' third-quarter earnings calls spoke volumes about the windfall sports betting is creating -- not on its own but via traffic-building for casinos and brand awareness for hotels and more. Dan Lee of Full House Resorts penned sports-wagering agreements in four states before it was even legal and -- now that it is -- believes that stock values will double once investors realize what the company is sitting on.
The misfortunes of some Mississippi casinos have led to greater fortunes for Southland Casino Racing in West Memphis, Ark., which is a short drive from Memphis, Tenn. Casino owner Delaware North infused the facility with $38 million in 2015 to add a restaurant and new games, and this year's $250 million addition will include 113,000 square feet for a casino, plus a 20-story hotel.
New Jersey's Borgata Hotel Casino took the state's initial wager on a video game tournament -- the League of Legends Paris championship -- last week, after the Division of Gaming Enforcement approved the activity. Video tournaments, a $1 billion industry, may entice a younger demographic that has not been attracted by typical casino games.