Author: OnlineGamblingDaily

The sale of the Cosmopolitan Casino in Las Vegas is moving forward, following the Nevada Gaming Control Board unanimously approving the transfer of interest and licensing to MGM. Now, the state Gaming Commission will weigh in on a final approval on May 19th. The Cosmopolitan Casino, in a prime location on the Las Vegas Strip, opened its doors in December of 2010. It was built for $3.9 billion, and now MGM will purchase the operations of the property for $1.6 billion.It sits beside the popular CityCenter complex and the Bellagio casino, both owned by MGM Resorts. Despite the positive move…

Las Vegas-based casino and hospitality business Red Rock Resorts has announced financial results for the first quarter of the year. The Station Casinos parent company delivered net revenues of $401.6 million, an increase of 14% from $352.6 million in the same period of 2021, while it advances its Durango Casino & Resort project in the Las Vegas Valley and its cashless strategy. Additionally, the business posted net income of $92.2 million, an increase of $198.8 million from a net loss of $106.6 million in the comparable period last year. Adjusted EBITDA was $178.7 million, up 14% from $156.6 million in…

Ohio is moving forward with the launch of its legalized sports betting market. The Ohio Casino Control Commission announced on Wednesday that it will begin accepting sports betting license applications in June. A first application window starts on June 15 for Type A, B and C proprietors, first-designated mobile management services providers (MMSPs), management services providers, and suppliers. The window is to close on a July 15 deadline.  A second application window will then commence on July 15 for Type C sports gaming hosts and second-designated MMSPs. It will close one month later, on August 15. Type C licenses bring…

Uplatform, a sports betting platform provider, has identified Africa as one of the most promising markets, due to its strong base of young, tech-hungry sports fans, growing levels of technology penetration, and regulated markets. But, despite this high potential, these markets can also present some challenges to enter. Therefore, the company has issued the following analytical article to examine the key challenges that operators planning their expansion to the African market should be aware of, and provide insights and tips for overcoming them. The Infrastructure Challenge According to stats cited by Uplatform, offline bettors can be converted to online betting,…

Genius Sports announced Wednesday it has secured a new partnership deal with online sportsbook Betsul to help power its offering in Brazil.  Described in a press release as one of the largest online sportsbooks operating in Latin America, Betsul will benefit from Genius Sports’ full suite of data-driven outsourced solutions including PreMatch, LiveTrading and Risk. Genius Sports will provide Betsul with full flexibility over their entire sportsbook operation, expected to help maximize turnover, margins, and control. Betsul will also receive Genius Sports’ live streaming service, providing its customers with low latency broadcasts across thousands of events a year. Included in…

Last month, the renowned ICE London trade show returned as an in-person event following a two-year pandemic gap, gathering hundreds of attendees at ExCel London, April 12-14. Among exhibitors was gaming certification lab BMM, which was able to catch up with clients and partners at its stand, reconnecting face-to-face. “Our stand was constantly busy as our team curated our own meeting schedule,” BMM Testlabs’ Jon Stuckey, SVP Business Development, EURSAM; and Andrea Zanettini, Vice President of Land-Based Sales, EURSAM, tell Yogonet in a post-ICE interview. “We are seeing major opportunities in all United States markets, and throughout the rest of…

As announced by a Caesars executive during a Danville City Council Meeting on Tuesday, the opening of a new casino at the former Schoolfield Mill in Danville, which was originally set for December 2023, will be delayed until 2024. Robert Livingston, Senior VP for Development for Caesars Entertainment, described the opening date set for 2023 as an “unrealistic goal” for this half-billion dollar project, due to supply chain issues and labor shortages, reports 10 News. In addition to the economic problems, Livingston pointed out that there are some challenges when it comes to turning the old mill complex into a state-of-the-art…

A California advocacy group backed and funded by major online gambling operators DraftKings, BetMGM, FanDuel, Bally’s Interactive, WynnBET, among others, announced on Monday that it had collected enough signatures that would qualify a measure on the November ballot that would allow gaming companies and Native American tribes to provide online sports betting across the state. The tax revenue would address homelessness and mental health in California. ​​Californians for Solutions to Homelessness and Mental Health Support said it collected about 1.6 million signatures for the measure, more than the roughly 1.1 million signatures required to authorize a ballot measure in the…

Gaming and hospitality giant Caesars Entertainment Inc. is allegedly seeking a buyer for its Flamingo casino in Las Vegas at a price of more than $1 billion, according to Bloomberg. However, some buyers would have thus far passed on the transaction given the casino’s age, according to reports. The casino has been reportedly offered to private equity firms and other operators, some of whom have been reluctant to buy an older property that needs “a lot of maintenance.” Additionally, another issue brought up in Bloomberg’s report is that Flamingo could potentially lose a lot of business when separated from the…

SCCG Management, a sports betting and gaming consultancy, announced the addition of Matt Di Giorgio as Director of Talent Recruitment for the company, as confirmed by Stephen Crystal, Founder and CEO. In this role, Di Giorgio will be leading the firm’s practice in the category of Gaming Talent Recruitment. Di Giorgio will be primarily focused on executive searches at VP level and above, whether that be in the product, marketing, IT, finance, or HR disciplines. He will oversee all projects personally, “with the support of an established research team and all the latest candidate attraction tools and technologies,” the company stated.…

In 2019, Delaware North’s Southland Casino Racing began construction of a $320 million casino expansion project. After years of planning, Arkansas Gov. Asa Hutchinson was present on Tuesday at the opening of its revamped casino floor, a key part of the millionaire endeavor. The expanded 113,000 square feet casino, features an ambiance that mirrors a Las-Vegas style casino, with more than 2,400 gaming machines, 50 live table games, sports betting, new dining and restaurant options, and a new 1,400-space covered parking garage. Rendering for the completed expansion process “The newly expanded Southland Casino Hotel represents a transformative, new age in…

 May 5, 2022 Having just celebrated their 75th Anniversary in November of last year, rumors that the Flamingo Las Vegas will be sold by Caesars for over $1 billion are now swirling. We’ve known that Caesars was looking to sell a Strip property for quite a while now. Here at This Week in Gambling, our suspicion was clearly on Planet Hollywood as the most likely casino to go. And it looks as if Caesars agreed with us, right up until they realized it had theater they could use to host concerts. Attention then shifted back to Flamingo Las Vegas as…

Sports betting and gaming giant Flutter Entertainment has shared a trading update for the first quarter of the year. The business delivered a 15% year-on-year increase in average monthly players to 8.5 million and a group-wide revenue increase of 6% to £1.6 billion ($2 billion). Both sports revenue and gaming revenue were up: by 4% to £930 million ($1.2 billion) and by 8% to £636 million ($796.9 million) respectively. “Flutter delivered a positive Q1 performance with revenue growth of 6%,” commented CEO Peter Jackson. “The quarter saw us launch our new global sustainability strategy, the Positive Impact Plan, aligning commercial…

The Alcohol and Gaming Commission of Ontario (AGCO) announced Tuesday it has served BetMGM Canada and PointsBet Canada, two AGCO-registered internet gaming operators, with Notices of Monetary Penalty for alleged infractions of the Registrar’s Standards for Internet Gaming, pertaining to advertising and inducements, “in order to protect the public interest and ensure Ontario’s igaming market operates responsibly and with integrity”.  The Standards include clear restrictions on the advertising of inducements, bonuses or credits, except when they are on an operator’s site, or through direct advertising and marketing issued after receiving active player consent (Standard 2.05).  They also require that all…

After a 0.3% rise in March, with an increase of 2.45 points from February, the AGEM Index published Wednesday its numbers for April 2022, which saw a decline by 92.98 points to 862.42, marking a 9.7% decrease from the prior month. Compared to one year ago, the index added 3.99 points for an annual growth rate of 0.5%. During the latest reporting period, eleven of the AGEM Index companies delivered tock price declines, with only one company posting an increase. As a result, all twelve companies in the AGEM Index posted negative contributions to the overall index, ending a three-month period of upward growth. The largest negative contributor to…

Recently reopened Palms Casino Resort in Las Vegas is bringing AGS’ Bonus Spin Xtreme to nearly 40 table games on the venue’s casino floor, the gaming machines manufacturer and operator announced on Tuesday. It marks the largest BSX installation to date. BSX is a proprietary technology that can link all table games within a casino, even if those games have disparate math models, explains AGS. The feature aims to provide faster incrementing and larger progressive jackpots, rising to the challenge of offering a single jackpot on community-style table games. The technology is now available on 39 total table games at…