News

GMA quoted in the Nevada Independent

Indy Gaming: A second ballot referendum clouds California’s sports betting’s future

by Howard Stutz

The effort to legalize sports betting in California just got a little more complicated.

the largest state in the U.S. with some 40 million residents, California is considered the most lucrative prize in the fast-moving sports betting growth trajectory.  But the state could offer voters two different ballot referendums in November 2022 on the issue.

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GMA quoted in the Las Vegas Review Journal

Proof of vaccination to be a requirement for CES 2022 admission

by Richard N. Velotta

When tens of thousands of people arrive for CES in January, they’ll be required to provide proof of a COVID-19 vaccination to be registered.

The Consumer Technology Association, sponsors of Las Vegas’ largest annual trade show, announced the proof-of-vaccination policy Tuesday.

CES, a showcase for consumer electronics products, has attracted around 170,000 people every January for years through 2020. This year, the show was conducted exclusively online with no live CES presence in Las Vegas.

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GMA quoted in Global Gaming Business News

Japan IR Partners: This Bet Could Still Pay Off

by Marjorie Preston

Patience is a virtue.  It also may be an investment for operators who stick it out in the unpredictable race to develop integrated resorts (IRs) in Japan.

Back in 2016, when lawmakers approved a plan for three IRs, global operators raced each other for a chance at the opportunity.  CSLA analysts famously called Japan “a holy grail, given the market’s potential size” and estimated the industry could generate $30 billion per year – or more.

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GMA quoted in the Las Vegas Review Journal

15 tribes apply for 10 sports-betting licenses in Arizona

by Richard N. Velotta

The Arizona Department of Gaming plans to evaluate sports wagering proposals of 15 Indian tribes to determine which 10 would be licensed to take bets – and do it before the National Football League season begins.

Department representatives on Tuesday disclosed they have received 10 applications seeking licensure as a professional sports team or organization, and 15 applications seeking licensure as an Arizona tribe.

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GMA quoted in the Las Vegas Review Journal

AGA says 2021 ‘on pace to be the best year ever for gaming’

by Mike Shoro

Commercial gaming revenue across the country this spring reached record levels during what is shaping up to be a banner year for the gambling industry.

The industry brought in a record $13.6 billion in revenues during the second financial quarter, and “2021 is on pace to be the best year ever for gaming,” the American Gaming Association announced Tuesday.  The previous quarterly record was $11.1 billion in the third quarter of 2019 and again during the first three months of the year.

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GMA quoted in The Nevada Independent

DraftKings-branded sportsbook in Las Vegas a possibility through Golden Nugget Online Gaming deal

by Howard Stutz

DraftKings could eventually operate retail and online sportsbooks in Nevada after the Boston-based company’s planned $1.56 billion acquisition of Golden Nugget Online Gaming, a business owned by billionaire Tilman Fertitta.

On Monday, DraftKings unveiled the all-stock transaction, which includes a commercial agreement with Fertitta Entertainment, the Texas mogul’s holding company that co ntrol businesses across gaming, lodging, dining and entertainment sectors, including Golden Nugget casinos in downtown Las Vegas, Laughlin and three other states.

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GMA quoted on SportsHandle.com

BetMGM Partners with NFL Cardinals And Gila River Casinos in Arizona

by Jill R. Dorson

BetMGM on Monday became the first major sports betting operator with multiple partners in Arizona when it announced a deal with the Gila River Indian Community and the Arizona Cardinals for market access into the biggest legal sports betting state in the West.  The deal was announced on the final day for prospective operators to submit even wagering applications to the Arizona Department of Gaming.

BetMGM now has multiple points of market access in Arizona, is the only company to partner with both a professional sprts team and a tribe, and has the opportunity to open at least four retail sports betting locations – one each at Fila Rivers’ three casinos and one at the Cardinals’ State Farm Stadium. The tribe is planning a fourth casino in the future, and MGM would be able to put a branded sportsbook in that location as well.

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GMA quoted in Northern Nevada Business Weekly

Nevada sportsbooks headed toward record year

by Howard Stutz

Sports betting is legal and regulated in more than half the U.S.

But despite the competition, Nevada’s sports betting industry has thrived.

If the first six months of 2021 are an indicator, Nevada sportsbooks are on pace to shatter the state’s annual records for wagers and revenues that were recorded in 2019.  Through June, sportsbooks collected $3.3 billion in bets, an increase of 32 percent compared to 2019.  Total sports revenue of $207 million in already 56.2 percent ahead of the 2019 total.

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GMA quoted in PlayUSA.com

Florida Sports Betting Future Still Murky As Seminole Gaming Compact Took Effect Friday

by Brant James

The Seminole Tribe’s landmark new 30-year gambling compact with the state of Florida has passed federal scrutiny.

It did so by avoiding federal judgment.  The Department of the Interior informed the Tribe and State of Florida on Friday that it would take no action in ascertaining its legality, letting the deal bringing legal sports betting to Florida pass into law without a verdict as the 45-day consideration period ended.

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GMA quoted in the Associated Press

Casino giant MGM Resorts selling land to New York-based firm

By Ken Ritter

A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment and MGM Resorts International.

Combined, VICI Properties Inc. will end up with properties in 15 states.

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