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The known effects of online poker in New Jersey

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pexels-photo-590020 The known effects of online poker in New Jersey

New Jersey has never been a focus point when it comes to talk about online poker revenue. Every month when the numbers come out and the stats are revealed per vertical in NJ, somehow online poker always seems to fall short.

This has been the case for the past 18 – 19 months and the recent figures are highlighting the side effects of the signing of the game changing multi-state agreement.  The multi-state agreement was set up to allow online poker operators to share online poker player pools with others in Nevada and Delaware.

To put it as simple as possible, online poker players in Nevada, New Jersey, and Delaware were able to play against each other legally for the first time when they logged on to the WSOP.com and 888poker network on May 1, 2018.

Before the shared liquidity was allowed in New Jersey, the market was in a perpetual decline with only a few months of annual increases posted by individual operators scattered across the entire history of the market.

As mentioned earlier, the agreement beseem to be a booster for the online poker industry in NJ, but it proved to be deficient in raising the scores when it comes to income from online poker. We must mention the fact that 888poker NJ, who are currently the only New Jersey online poker network that is able to share player liquidity with other states, reported a 19.5% annual increase last month.

The combining of player pools is a huge step forward for the online gambling industry in the US and even if it came with some technical glitches at first, technology has managed to resolve most of the reported errors.

If there are signs that are pointing toward a rise in revenues, we certainly must mention that larger player pools will have a ripple effect on online poker and shared liquidity may also have a positive impact on potential legislation in other states. This could be in the mind of the Pennsylvanian legislators, who are flirting with the idea of launching online poker.

Pennsylvania is the sixth largest state in the US (population of nearly 13 million people) and rumors say that the process of launching online poker already begun with the likely case of joining the Multi-State Internet Gaming Association when it goes live.

We can already say that if the plan goes through, it would double the number of those currently exposed to online poker in the three states, mentioning the fact that when the current shared liquidity begun, it brought an additional exposure to 4 million people for the All American Poker Network (AAPN).

Thus, in my opinion, we can set an additional news alert, next to the New Jersey Division of Gaming Enforcement (DGE) notifications of course, for online poker in Pennsylvania.

With an experience of over 8 years in the online gambling industry, as an affiliate, later affiliate manager and consultant, I consider myself a veteran of the industry and can guarantee that you will be served with the most accurate information.

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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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