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$2 Billion in Sight: US Lottery Breaks Record

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thelotter $2 Billion in Sight: US Lottery Breaks RecordReading Time: 2 minutes

 

theLotter.com: “Estimated $1.6 billion US Mega Millions jackpot likely to be adjusted upwards due to unprecedented international sales.”

Industry insiders widely expect this week’s record-breaking $1.6 billion jackpot in the US Mega Millions to break through the spellbinding $2 billion threshold before the draw takes place. One of the main factors driving the landmark prize up even further is the colossal number of overseas players participating in the US lottery. theLotter.com has long been one of the main lottery ticket messengers for players from outside of the US.

TheLotter’s spokesman Austin Weaver said: “As the original pioneer we’ve seen the online landscape change rapidly in recent years, with more and more companies seemingly offering US lotteries online, but ‘the proof is in the pudding’: We’re unique as we actually provide paper tickets instead of mere bets, and with winners from Europe, Australia, Canada, Iraq and Latin America , we have proven to be reliable.”

Weaver continues: “We’ve been growing steadily for 15 years, but sales really accelerated in 2016 when Powerball reached $1.58 billion and media outlets from CNN to CBS reported on theLotter’s services. What we’re experiencing right now though, is unheard of. The current Mega Millions jackpot is spurring on more sales from places in Europe than in 2016.”

“With so much money at stake, overseas players tend to turn to theLotter, as we physically purchase tickets as opposed to offering a chance to bet on the draw like our competitors. There’s simply no guarantee at these sort of jackpot levels that a bet is even fully covered by insurance, so how these betting companies will come up with billions in prize money if one of their punters wins remains to be seen. Our paper ticket model may seem old school in the digital age, but there is no risk to players. When one of our customers wins they are flown out to the US to personally claim their prize, ticket in hand. It’s legal, we’ve done it for more than a decade and it’s secure.”

“The current $1.6 billion Mega Millions jackpot is the biggest prize in lottery history. Now it is just a matter of time before we celebrate the first lottery billionaire. The question is: will it be an American?”


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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MGM Resorts International Announces Fourth Quarter And Full Year 2018 Earnings Release Date

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Bellagio_Las_Vegas_Nacht MGM Resorts International Announces Fourth Quarter And Full Year 2018 Earnings Release DateReading Time: 2 minutes

 

MGM Resorts International (NYSE: MGM) will release its financial results for the fourth quarter and full year 2018 after the market closes on Wednesday, February 13, 2019. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM’s Investor Relations website at http://investors.mgmresorts.com.

The call will be accessible via the Internet through http://investors.mgmresorts.com/investors/events-and-presentations/or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers. The conference call access code is 3924102.

A replay of the call will be available through Wednesday, February 20, 2019.  The replay may be accessed by dialing 1-877-344-7529 or 1-412-317-0088.  The replay access code is 10127989.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company in 2018 opened MGM Springfield inMassachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 81,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information visit us at www.mgmresorts.com.

Statements in this release that are not historical facts are “forward-looking” statements and “safe harbor statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company’s public filings with the Securities and Exchange Commission.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGM Resorts International Announces Fourth Quarter And Full Year 2018 Earnings Release Date

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PA Gaming Control Board to Hold Public Hearing on February 20th for Parx Casino License Renewal

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addiction-bet-betting-casino PA Gaming Control Board to Hold Public Hearing on February 20th for Parx Casino License RenewalReading Time: 3 minutes

 

The Pennsylvania Gaming Control Board will hold a public hearing on Wednesday, February 20, 2019 to gather evidence, including public comment, on the renewal of the Category 1 Slot Machine Operator’s license for Greenwood Gaming and Entertainment, Inc., operator of the Parx Casino in Bucks County.

The hearing will begin at 10:00 a.m. in Council Chambers at the Bensalem Township Municipal Building, 2400 Byberry Road in Bensalem, Pennsylvania.

Complete information on the hearing, including links to sign up to present oral comment at the hearing or to provide written comment prior to the hearing, is on the Board’s web site, www.gamingcontrolboard.pa.gov, under its Quick Links section of the home page. The deadline for registration to speak at this hearing is noon on Tuesday, February 19, 2019.

Written comments can be mailed, with a postmark no later than Tuesday, February 19th to:

PA Gaming Control Board 
P.O. Box 69060
Harrisburg, PA 17106
Attention: Board Clerk

Comments can also be faxed prior to that deadline to 717-265-7416 or e-mailed to boardclerk@pa.gov.

Pursuant to section 1326 of the Pennsylvania Race Horse Development and Gaming Act, all licenses shall be subject to renewal every five years.  The renewal application must include an update of the information since its last renewal.

To implement the renewal requirement, the Board utilizes a two-step process:

  • First, the February 20th public hearing will be held before the Director of the PGCB’s Office of Hearings and Appeals for the purpose of receiving documentary evidence, hearing testimony and building a record upon which the Board will base its licensing decision.  The hearing record, along with a report from the Director of Hearings and Appeals, will be transmitted to the Board.
  • The second step is to hold a separate public hearing in Harrisburg at a later date where Greenwood Gaming and Entertainment, Inc. representatives will offer oral arguments and Board members can ask additional questions.

At the renewal hearing, the burden is on the renewal applicant to establish and demonstrate, by clear and convincing evidence, its eligibility and suitability for renewal of the gaming license last renewed in November 2014.  During the hearings, the renewal applicant will be given the opportunity to demonstrate, among other things, its good character, honesty, and integrity; compliance with its statement of conditions; tax revenue generated; jobs created; amenities added since the last renewal; success in implementing its diversity plan; and involvement in the surrounding communities.

Following these proceedings, the Board will then be able to determine whether the licensee remains eligible and suitable consistent with the laws of the Commonwealth and are otherwise qualified to have the license renewed for a five-year period.

All questions that are not press-related should be referred to the PGCB’s Office of Hearings and Appeals at (717) 265-7451.

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017. To date, the PGCB regulates the play within the Commonwealth of Fantasy Sports Contests along with four casino operators offering Sports Wagering. Additional new gaming initiatives are expected to launch in the coming months.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PA Gaming Control Board to Hold Public Hearing on February 20th for Parx Casino License Renewal

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Spinola unveil €50m jackpot Instant Game Engine

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fafe9197-a164-4e82-b1ae-efdc58d9b947 Spinola unveil €50m jackpot Instant Game EngineReading Time: 2 minutes

 

Spinola Gaming, the leading Malta-based lottery content provider, has continued its far-reaching development programme with the launch of the Spinola Instant Game Engine, an initiative which offers players the chance to win up to €50m per draw.  The Instant Game Engine delivers enhanced levels of flexibility in order to help operators build their own bespoke Instant Win Lottery Games and in the process retain and recruit players more effectively.

Expanding on its groundbreaking applications, Owen Formosa, Chief Technical Officer at Spinola Gaming said: “Operators now have the ability to create their very own Jackpot Games utilizing Spinola’s leading lottery software (Lotto Connex) and jackpot coverage.  It’s a risk free solution that can assist operators in creating unique promotions and campaigns to engage and retain their players in a whole new way.”

Spinola believe that a growing number of operators are using the lottery experience as part of their customer engagement programme.  “The gambling market can be characterised by an absence of brand loyalty which means that operators are reliant on promotions to attract traffic which in turn cuts into profit margins,” stated Formosa.

“The existing business models of Bonus and Free money Offers is so commonplace now that it has become harder for operators to be different or unique and more operators are now looking to Lotteries and Instant Games as a unique marketing tool in order to attract and retain players.

“It’s a much smarter approach and one that can also help to broaden the customer base due to the sheer size of the lottery market space outside of a traditional Casino player.  The Instant Game Engine provides everything that an operator needs to provide a targeted offering to players across the board.”

The Spinola Gaming model is based on a fully insured, risk free solution in which the company provides all of the tools and all of the insight necessary to make the offering work to maximum effect. Developed over the last two and a half years Spinola has created a fully managed range of lottery and jackpot products that integrate seamlessly with online operators.

 

About Spinola
As a new entry to the global lottery market, Spinola Gaming has very quickly established itself as the leader of B2B Lottery Products and Jackpot Solutions now serving over 70 Global Lotteries to more than 100 Operators across the globe through one seamless integration. Spinola’s powerful and innovative lotto engine (Lotto Connex) provides online and state run lottery operators the ability to take advantage of a fully managed solution with the ability to create new lotteries, add lotto betting as a new vertical and offer Jackpots of up to €250m per draw.

www.spinolagaming.com


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Spinola unveil €50m jackpot Instant Game Engine

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