Industry News of the Day for January 6, 2023

By iDEA | January 6, 2023

Industry News

  • CDC Reports: AGEM Index Falls 7.4 percent In December
    • The Association of Gaming Equipment Manufacturers’ monthly AGEM Index, which comprises 12  gaming suppliers throughout the world, took a 7.4 percent fall in December, decreasing by 66.85 points to 839.10. Year over year, the Index was down 132.49 points (13.6 percent).

Illinois

  • PlayIllinois: Circa CEO Derek Stevens: We’re Ready To Launch In Illinois
    • Circa CEO Derek Stevens told PlayIllinois on Thursday that Circa is technically ready to launch as soon as The Temporary by American Place Casino in Waukegan opens its doors.  Except, that’s not how the regulatory process works in Illinois.

Kentucky

  • SBC Americas: Kentucky Sports Betting Bill Filed With Online Poker And DFS Included
    • A bill that would drastically expand gambling across Kentucky has been sponsored by three democratic representatives, in a bid to resurrect plans that failed in the senate in 2022. House Bill 106 was filed yesterday and was sponsored by Representatives Derrick Graham, Cherlynn Stevenson and Rachel Roberts.

Maryland

  • CBS Baltimore: Maryland Gaming Revenues From Casinos Top $165 Million In December
    • That’s a decrease of 4.5%, or about $7.7 million, compared to December 2021. The state’s six casinos generated over $50.6 million for Maryland’s Education Trust Fund (ETF), which is about $1.4 million less than the ETF contributions during the same period last year, according to the gaming commission.

Massachusetts

  • SBC Americas: Fanatics Sportsbook MA Approval Delayed
    • As has often been the case with the Massachusetts Gaming Commission hearings for sports betting licenses, the group once again ran out of time during its Thursday meeting before reaching a point where they could vote on the application from Fanatics Sportsbook.

Michigan

  • PlayMichigan: Judge Orders Kewadin To Pay $88.9 Million To Investors Over Failed Casino Plans
    • Kewadin Casinos Gaming Authority has been ordered to pay $88.9 million to two separate investor groups over failed plans to build two retails casinos in Michigan. KCGA made plans to build new casinos in New Boston and Lansing over a decade ago. However, the plans fell apart leading to lawsuits from JLLJ Development LLC and Lansing Future Development II LLC.

Missouri

  • Legal Sports Report: Missouri Sports Betting Bill Starts New Path With Familiar Hurdles
    • Despite a major hurdle ahead for Missouri sports betting legislation, there is optimism for a compromise this year. The Missouri House gave a first reading to Rep. Dan Houx’s MO sports betting bill, HB 556, Wednesday, but it is unlikely to move through any committees until later this month. The bill is essentially the same legislation Houx pushed through the chamber last year before it stalled in the Senate.

Oklahoma

  • PlayUSA: Oklahoma State Rep. Luttrell Introduces Sports Betting Bill, Again
    • Lawmakers will give it another go in terms of legalizing tribal sports betting in Oklahoma in 2023. A state representative pre-filed a House bill that could pave the way for Oklahoma to benefit from the rising popularity of sports betting. State Rep. Ken Luttrell introduced House Bill 1027 to bring in-person and online sports betting to tribal casinos and racetracks.

Ohio

  • PlayOhio: Ohio Seeks Fines Against DraftKings, Caesars, BetMGM For Advertising Violations
    • The Ohio Casino Control Commission announced Thursday that it is seeking six-figure fines against three major Ohio sportsbooks. Just days after the launch legal sports betting in Ohio, the state’s regulatory body said BetMGM, Caesars Sportsbook and DraftKings all violated rules surrounding advertising and promotion.

Pennsylvania

  • PlayPennsylvania: Penn Entertainment Set To Acquire Remainder Of Barstool Sports In February
    • Penn Entertainment is in line to complete its acquisition of Barstool Sports next month, making the media company and Barstool Sportsbook full subsidiaries of Penn. The gaming operator filed its call rights to secure 100% of Barstool in August, with the process finishing up in February.

Texas

  • PlayTexas: Lt. Gov. Dan Patrick Finally Addresses Legal Texas Gambling
    • Along the path to gambling legalization in Texas, most people will point to the same sizable roadblock: Lieutenant Governor Dan Patrick. Lt. Gov. Patrick, as head of the Texas Senate, holds tremendous sway over what legislation makes it to the floor for debate. As a top Republican in the state congress, his opinions also carry weight across both houses of the legislature.

 

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