Industry News of the Day for June 26, 2019
Pennsylvania:
- Legal Sports Report, 6.25.19 – PA Online Sports Betting Apps Triple As Parx, River Launch Mobile
- Parx Casino in Bensalem entered the PA online sports betting market Monday when its three-day live testing period opens.
- Play USA, 6.25.19 – Two More Sportsbooks Join The Pennsylvania Online Sports Betting Party
- Two more Pennsylvania online sportsbooks launched this week, bringing the state’s total to three. Parx and BetRivers are now conducting live testing in Pennsylvania.
West Virginia:
- Play WV, 6.25.19 – WV Sports Betting Revenue Is Like A Seesaw; One Week Up, One Week Down
- West Virginia sports betting is not doing so well. An additional sluggish week at WV sportsbooks led to another drop in handle and a terrible showing in terms of revenue. The legal sports betting market in WV has become stagnant due in large part to the lack of an online sportsbook.
Illinois:
- AP, 6.24.19 – Holcomb Monitors Illinois’ New Casino, Marijuana Laws
- Indiana casinos will compete effectively against a slew of new casino sites in Illinois, the state’s governor said. Gov. Eric Holcomb called gambling an “uber-competitive industry” after lawmakers in both states approved the legalization of sports betting this spring, the (Northwest Indiana) Times reported.
Indiana:
- Indianapolis Business Journal, 6.25.19 – Caesars Set To Update All Indiana Facilities For Sports Betting
- Caesars Entertainment Corp. plans to update its Winner’s Circle off-track betting facility in downtown Indianapolis, as well as its casinos in Shelbyville, Anderson and other Indiana properties, in preparation for the legalization of sports gambling later this year.
Washington, D.C.:
- NBC Washington, 6.25.19 – Jaffe Report: Evans Investigations Give DC Council Reason To Pause On Sports Betting Contract
- C. Council member Jack Evans has done his colleagues a favor. As he succumbs to charges of corruption, he’s given them the opportunity to exercise true oversight on the sole-source sports betting contract he maneuvered through the D.C. government.
Mississippi:
- AP, 6.25.19 – Mississippi Casinos Continue To Win More From Gamblers
- Casino revenues rose in Mississippi in May, as gambling halls continued their streak of winning more since sports betting was legalized.
iDEA Growth Member News:
- LCB News, 6.25.19 – GVC Aims To Establish As “Safest And Most Trusted” Corporation In The iGaming Industry By Highly Prioritizing Consumers’ Protection
- Following the successful acquisition of Ladbrokes Coral, GVC Holdings went live with a report announcing strong determination to become “the safest and the most trusted operator” in the industry.
- NJ Online Gambling, 6.26.19 – DraftKings’ Young NJ Staff Finds A Home In Hoboken.
- Surveying the staff at work at the new DraftKings office in Hoboken during a brief tour before a ribbon-cutting event on Tuesday, I jokingly asked an executive, “Um, is there an age limit?” No, but this is indeed as youthful a group as you’ll find at most companies.
Overall Industry News:
- Online Poker Report, 6.25.19 – Caesars And Eldorado To Combine Assets, Forge New US Sports Betting Empire
- The $18 billion mega-merger of Caesars Entertainment and Eldorado Resorts will have an impact that extends far beyond the two companies. Of note for our purposes, the new company is poised to disrupt the young US sports betting landscape.
- Legal Sports Report, 6.25.19 – What The Caesars Merger With Eldorado Means For US Sports Betting
- Reuters reported over the weekend that Caesars agreed to merge with Eldorado Resorts in a debt-laden deal valued at $17.3 billion. Eldorado confirmed the “transformational” union Monday via a press release.
- Yahoo! Finance, 6.25.19 – One Big Topic Was Missing From The Eldorado-Caesars Mega-Merger Call
- Eldorado Resorts, owner of 26 casinos, is buying Caesars Entertainment for $8.6 billion in cash and stock, plus assumption of Caesars’ debt, in a deal that will create the largest casino company in America. And on a celebratory merger call on Monday to tout the deal, there wasn’t a single mention, by Eldorado or Caesars brass, of sports betting or the NFL.