Industry News of the Day for December 5, 2022

By iDEA | December 5, 2022

Industry News

  • PlayMA: Why Legalizing Online Casinos Is Harder than Online Sports Betting
    • Aside from the few regulated online poker markets, online sports betting is the first form of online gambling that many states have regulated. But some types of online gambling are more acceptable to voters and state legislators than others. Different levels of acceptability are why legalizing online casinos is harder than legalizing sports betting.
  • SBC Americas: Bounty Sports To Launch BetSwap Marketplace For DFS
    • Bounty Sports will launch BetSwapacross its daily fantasy sports (DFS) product offering after reaching an agreement with the marketplace technology provider. A fully integrated online secondary marketplace for sportsbooks and DFS, BetSwap allows users to trade active bets with odds no longer available on their sportsbook and DFS roster entries already in play but not yet finalized.
  • Las Vegas Review-Journal: Like Casinos, Gaming Equipment Manufacturers Riding Growth Wave
    • As the casino industry continues to show resilience in its rebound from the pandemic, so too is the gaming equipment manufacturing sector. No company may be showing more resiliency than Las Vegas-based Light &Wonder Inc., formerly Scientific Games Corp. In the past 18 months, the company has changed its name, strategic vision, board of directors, chairman and CEO.

Colorado

  • Sports Handle: Colorado Posts Second Highest Handle Month To Date, Tops $500 Million
    • The Colorado Department of Revenue reported sports wagering handle totaling $526.6 million for October, marking the third time the Centennial State has cleared the half-billion dollar total in 30 months of wagering. The October figure ranks behind only the $573.7 million from January, and the only other time Colorado eclipsed $500 million in accepted bets was in March at $505.6 million.

Florida

  • PlayFL: Plaintiff In Florida Sports Betting Lawsuit Wants To Sell Miami Casino To Alabama Tribe
    • The ownership group of the two Florida pari-mutuels that started the legal battle against the state’s sports betting model is looking to offload their Miami property to a Native American tribe from Alabama. West Flagler Associates, the plaintiff in the Florida sports betting lawsuit, and the Poarch Band of Creek Indians agreed to terms on the sale of Magic City Casino.

Nevada

  • PlayNevada: Nevada Gaming Tops $1 Billion In Revenue for 20th Straight Month
    • Las Vegas continues to see more visitors, and casinos see record revenue, according to the latest reports. Nearly 4 million people stayed in Sin City last month, near pre-pandemic levels. And Vegas casinos collected a record $90.5 million.

New York

  • PlayUSA: Las Vegas Sands Eyes Long Island Site For NY Casino
    • Las Vegas Sands Corp., one of the world’s largest gambling firms, is looking to build a casino on Long Island. It was the suggestion of Las Vegas Sands’ senior vice president David A. Paterson, who was also a former New York governor. The Nassau Hub, including Nassau Veterans Memorial Coliseum, is one of several sites that Sands is considering, according to sources who requested anonymity.
  • New York Post: Star Power! Jay-Z Joins Times Square Team Bidding For Prized NYC Casino
    • SL Green and Caesars Entertainment have a glam new partner in their hoped-for Times Square casino — Brooklyn-born billionaire rapper and entertainment impresario Jay-Z and his Roc Nation, Realty Check has learned. The three-way partnership, to be announced at SL Green’s annual investor conference on Monday.

Ohio

  • PlayOhio: Kroger Sports Betting Kiosks Will Not Be Available In Ohio Jan. 1
    • The Kroger supermarket chain is approved to add sports betting kiosks to more than 40 of its Ohio stores in 2023, but the machines will not be up and running on Jan. 1. The Ohio sports betting market is set to begin on New Year’s Day when upwards of 20 retail sportsbooks, two-dozen sportsbook apps and hundreds of kiosks will go live.

Texas

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