News

GMA quoted on Ice365.com

Asia doldrums stir EuroVegas prospects

by Muhammad Cohen

Bringing Vegas to Europe fired the imagination of Las Vegas Sands founder Sheldon Adelson a dozen years ago.

As Spain struggled with 20% plus unemployment amid a devastating global economic crisis, Adelson pledged billions to create EuroVegas outside Madrid, with a dozen hotels, six casinos, shopping, golf, conventions and tens of thousands of jobs, even while championing a Vegas Strip replica on Macau’s Cotai landfill.

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GMA quoted in The Nevada Independent

Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021

by Howard Stutz

As the Las Vegas resort industry awaits the full return of its convention and meeting business, one gaming analyst said high-profile events tied to the National Fottball League will boost Southern Nevada visitation in the first half of the year, despite the recent national spike in COVID-19 cases.

Daniel Politzer, who follows the gaming industry for Wells Fargo Bank, had an opposing view from another analyst who believes the Strip’s gaming market will decline in 2022. Politzer said gaming and non-gaming revenues produced by Strip resort operators with multiple properties, such as MGM Resorts International and Caesars Entertainment, could jump as much as 20 percent over 2021 – a year that already portends to be a record-setting.

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GMA quoted in The Nevada Independent

Indy Gaming: Meruelo launches SaharaBets in Arizona.  What about Nevada?

by Howard Stutz

Alex Meruelo paid an undisclosed amount to purchase the former Sahara Hotel Casino in 2018 and announced a year later that he was spending more than $150 million to restore the Las Vegas Strip resort to its Rat Pack-era name after it suffered through a failed five-year run as the SLS.

So it makes sense that meruelo would utilize the name Sahara in other gaming ventures.

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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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