News

Article by Clayton Peister published in Inside Asian Gaming

Factors Underpinning Casino Win Rates

by Clayton Peister and Nayah Patel

Casino win rates are the dark matter of the gaming world.  The current model of the universe only works if we assume that unobservable dark matter exists, and likewise the casino industry business model only works if win rates exist.  At least historically, some win rates we can observe indirectly like table hold; and some are unknowable like table win rate on turnover.

With the advent of bet tracking, more granular recording of electronic gaming behavior, and new data-sources like iGaming, we are getting better insights into the cloistered world of win rates.  Along with these insights we can distill the behavioral and mechanical factors which influence win rates and by extension revenues.

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GMA quoted on SportsHandle.com

NY Meets Target Of Launching By Super Bowl As Four Sportsbooks Get Green Light

by Matt Rybaltowski

Shortly after New York Gov. Kathy Hochul delivered her State of the State address earlier this week, the New York Gaming Commission confirmed Thursday that four mobile sports betting operators will be authorized to begin accepting wagers this week.

The four sportsbooks, Caesars, DraftKings, FanDuel, and Rush Street Interactive, have been approved to commence online sports wagering operations in New York as soon as 9 a.m. ET Saturday, the commission said in a statement.  Those four satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity, the commission noted.

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GMA quoted on USBets.com

FanDuel, DraftKings, BetRivers, Caesars Can All Launch Saturday in New York

by Jill R. Dorson

Four major sports betting operators have received their licensing approval to go live with wagering in New York, the state gaming commission announced via press release Thursday. They could begin operating as soon as 9 a.m. ET Saturday.

FanDuel, Caesars, DraftKings, and Rush Street Interactive (BetRivers) are the four operators, and when the first goes live, it will make New York the biggest U.S. state by population to offer digital wagering.

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GMA quoted in the Las Vegas Review Journal

Analyst: Southern states most likely to approve gaming in 2022

by Richard N. Velotta

Alabama, Georgia and Florida are best positioned to approve legalized gambling this year, a Las Vegas-based analyst told Truist Securities investors on Thursday.

Brendan Bussmann, director of government affairs for Global Market Advisors, handicapped potential expansion for sports betting, internet gaming and land-based casinos in an hourlong webinar.

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GMA quoted in the Las Vegas Review Journal

Arizona sportsbooks debut with most wagers, revenue in first month

by Richard N. Velotta

Sportsbooks in Nevada’s southern neighbor debuted with the most bets taken and the most gross revenue of any state in its first month, the Arizona Department of Gaming announced.

Arizona opened with seven commercial sportsbooks in September and the department reported they took $291.2 million in wagers with gross gaming revenue of $32.3 million.

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GMA quoted in the Las Vegas Review Journal

Unknowns still abound for CES, city’s largest annual trade show

by Richard N. Velotta

CES has always been the city’s largest annual trade show, but with the uncertainties surrounding COVID-19, it’s possible it could be dethroned this year.

No one really knows just how many people will arrive this week for CES, which is facing challenges because of the rapid spread of the omicron variant of COVID-19.

Organizers of the show announced Friday that they are cutting the show by a day, closing Jan. 7 at 6 p.m., and eliminating Saturday activities.  They said the step was taken as an additional safety measure to the current health protocols that have been put in place for CES.

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GMA quoted on SportsHandle.com

Which States Will Legalize Sports Betting in 2022?

by Jill R. Dorson

When Ohio Gov. Mike DeWine signed a legal sports betting bill into law during Christmas week, he capped off what was already the most prolific year yet for legal wagering.  Nine states legalized sports betting in some fashion while 11 went live – either retail, digital or both.

In the 3 1/2 years since the Supreme Court overturned the Professional and Amateur Sports Protection Act on May 14, 2018, 33 U.S. jurisdictions have legalized some form of sports betting.  That number includes Florida, where earlier this year a tribal-state compact was agreed upon and ratified by the state legislature and then “deemed approved” by the U.S. Department of the Interior before a federal district court vacated it.

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GMA quoted in the Las Vegas Review Journal

CES, hit by withdrawals, stresses safety during pandemic

by Richard N. Velotta

the producers of CES are determined to have an in-person trade show next week that will be safe for the tens of thousands of people who plan to attend.

With the show opening a week away, Karen Chupka, executive vice president of CES for the Consumer Technology Association, said that while the withdrawal of several large companies from the show was discouraging, organizers understand why they’ve done it – and there are still silver linings for attendees.

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GMA quoted in the Las Vegas Review Journal

CES room rates are high but not as pricey as in previous years

by Colton Lochhead

Getting a room on the Strip when CES comes to town next month will still cost you a tidy sum, even with a smaller crowd expected for the annual consumer electronics trade show.

CES 2022 will be held at the Las Vegas Convention Center Jan. 5 through Jan. 8. Consumer Technology Association, which puts on the show, has said it doesn’t expect typical pre-pandemic attendance for this year’s return of the in-person convention after going entirely online in 2021.

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GMA quoted in the Nevada Independent

Strip’s failed condo market remains quiet, but analysts hint at a comeback

by Howard Stutz

Hiding beneath a torn and disintegrating tarp that mimics the neighboring Venetian and Palazzo resorts, the unfinished St. Regis condominium tower stands at the center of the Las Vegas Strip.

The structure is a symbolic monument to an era more than a decade ago when the gaming industry sought to blend high-rise residential complexes into the international tourist destination.

Except for a handful of projects, the concept failed.

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