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Research finds tribal gaming boosts US economy

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The American Gaming Association (AGA) has published an exhaustive study that offers a detailed state-by-state analysis on the impact of tribal casinos on the economy. The major finding is that Tribal casinos boost the economy in general.

Meister Economic Consulting conducted the study, commissioned by AGA, on the economic and fiscal impacts of Class II and Class III tribal gaming on the U.S. and state economies.

Some of the other findings are the following:

  • California has the biggest volume of tribal gaming in terms of economic activity, jobs and tax payments. The casinos provide $20 billion to the Golden State’s economy, create 125,000 jobs and generate $3.4 billion in taxes and revenue share payments to all levels of government.
  • Oklahoma comes second. Tribal casinos create 75,000 jobs, generate $1.6 billion in taxes and revenue share payments and provide $9.6 billion to the state’s economy.
  • Florida is the third largest in terms of economic activity of Tribal gaming. Tribal casinos provide $6.1 billion to the state’s economy, create nearly 46,000 jobs and generate more than $1.1 billion in state, federal and local taxes and revenue share payments.
  • The upper Midwest is a hub of tribal gaming activity. Michigan, Minnesota and Wisconsin tribal casinos combined generated nearly $1.5 billion in state, local and federal taxes and revenue share payments, supported nearly 78,000 jobs and added $10.2 billion to the states’ economies.

“Tribal gaming operators are present in 28 states and create nearly half of all U.S. gaming revenue,” said Sara Slane, senior vice president of public affairs for the American Gaming Association. “This report details the widespread economic impact that tribal casinos have in states across the country, providing diverse career opportunities, supporting local businesses and generating tax revenue and revenue share payments for all levels of government.”

This is the second consecutive year that Meister Economic Consulting and the American Gaming Association have conducted a comprehensive study of the economic impact of tribal gaming. This data, in conjunction in previously released commercial gaming data from Oxford Economics, allows for a detailed state-by-state breakdown of casino gaming’s economic impact.

 

About the research:
On behalf of the American Gaming Association, Meister Economic Consulting measured the economic and fiscal impacts of Class II and Class III tribal gaming on the U.S. and state economies. The study relies on tribal gaming data that served as the basis for the 2018 Edition of the Indian Gaming Industry Report, including gaming revenue, non-gaming revenue (e.g., revenue from food and beverages, lodging, retail and entertainment) and gaming related revenue share payments by tribes to federal, state, and local governments (e.g., regulatory payments and local and state revenue sharing). Tribal gaming data used in this study are for calendar year 2016, the most current year for which they are available.

About AGA:
The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.


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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Relax Gaming gets the party started with Groovy Knights Dream Drop

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Relax Gaming, the iGaming aggregator and supplier of unique content, has launched Groovy Knights Dream Drop, its latest slot release packed with funky features and lucrative jackpot potential.

Groovy Knights brings a fresh disco twist to the popular Dream Drop series, giving players the chance to spin their way to wins of up to 10,000x a Dream Drop jackpot worth up to €2 million, and if that wasn’t enough, brand-new Daily Jackpots as well.

Set across a vibrant 5×4 reel layout, Groovy Knights Dream Drop is designed to keep the energy high with features that include Knight Re-Spins, Walking Wilds, multipliers up to 100x, and a ‘second chance’ mechanic to keep players in the groove.

Landing one or more Knights triggers a Knight Re-Spin, where the funky knights dance across the reels, boosting wins and multipliers as they go. When two Knights meet, the Disco Knight Feature kicks in for even bigger rewards. Players looking to jump straight into the action can use the Buy Feature to guarantee an immediate Knight Re-Spin or a Disco Knight for maximum entertainment.

True to the Dream Drop name, the jackpot bonus can trigger on any spin when the word ‘Dream’ lands on the top row, giving players a shot at one of five progressive jackpots, including the new Daily Jackpot.

Relax Gaming continues to expand its award-winning portfolio with titles designed to deliver unique gameplay, innovative mechanics and market-leading jackpot experiences.

Kunal Patel-Smith, Game Production Director at Relax Gaming, said: “With Groovy Knights Dream Drop, we’ve brought together a fun disco theme with our proven Dream Drop mechanics and some fresh twists to keep players engaged. The combination of lively features, strong win potential, and a must-win jackpot makes this a standout addition to our growing Dream Drop family.”

The post Relax Gaming gets the party started with Groovy Knights Dream Drop appeared first on European Gaming Industry News.

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WA. Technology Launches New Global Sportsbook Managed Service

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Global iGaming solutions provider, WA. Technology has launched a new Sportsbook Managed Service to allow operators to improve their offering and maximise profitability through a team of industry-leading experts.
The latest service launched by the company provides sportsbooks with a more granular approach to their risk and trading strategy which will get the most out of their content, improving efficiency through improved profiling, reporting, and content management.
The team will finely analyse margins from sports, leagues, and events down to the market offering.
Available to sportsbooks around the world and compatible with any software provider via third-party technology, the aim is to achieve strong results for brands at a fraction of the price of hiring a full team.
The Sportsbook Managed Service brings a human approach to customer profiling by reducing risk exposure through rejected bet monitoring, stake factoring, and watchlist monitoring. The team will also ensure that available features are used to their full potential, including analysing cashout algorithms.
Using WA Technology’s experience of managing sportsbooks all over the world, the service targets the promotion of localised content, identifies inefficiencies or areas of concern to keep margins in line with competitors in the region, and provides regular reports and analysis to operators with changes made to strategy and the effect on performance.
The Sportsbook Managed Service has been offered to existing WA Technology platform clients for five years as part of other packages, but with increasing interest to provide this externally, this has been refined to be an individual offering to sportsbooks.
In-house, the team has managed a large number of clients across Brazil, Mexico, India, Eastern Europe, and Africa. Since launching the service, four sportsbooks have already joined and seen increased results.
The service is led by Commercial Director Dave Hickey and Risk & Trading Manager Niall Creevey, supported by a team of 24 people, with decades of experience in risk and trading, as well as operations staff who have been handpicked from tier one operators.
Dave Hickey, Commercial Director at WA. Technology commented on the new service: “We understand the high standards required to support an operator in a hugely competitive market, and that’s why our super team of highly experienced professionals is perfect for those brands looking to make immediate improvements.
“This market-leading Sportsbook Managed Service has a proven track record for in-house clients and has also been trialled externally on new brands across areas such as Africa, Brazil, and Eastern Europe to ensure that it works seamless in any territory, and that’s why we’re delighted to officially launch this and have already signed our first contracts.”
Niall Creevey, Risk & Trading Manager, added: “Our focus is to build on this successful offering by bringing it to the wider market and simplifying the lives of operators. Whether it’s short-term to help a new business or long-term due to the expertise at our disposal at a cost-effective amount, we increase the efficiency of a sportsbook through local knowledge and customer profiling, which is tailored specifically to the client’s needs and ultimately increases their profitability.”

The post WA. Technology Launches New Global Sportsbook Managed Service appeared first on European Gaming Industry News.

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ClearStake ditches the passport with launch of revolutionary new ID product

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ClearStake, the digital due diligence specialists for the iGaming industry, has released ID by Bank, a new player identity and verification product.

ID by Bank is designed to minimise operator exposure to identity fraud, while also significantly reducing the player drop-off when requesting physical ID documents.

The new product fundamentally changes the way operators can identify and verify players. By securely confirming name, address and date of birth in real time via a player’s banking app, ClearStake delivers a solution that meets the Gambling Commission’s requirements for electronic verification providers.

This innovation comes at a critical time for the industry, with operators facing rising levels of identity fraud, including false documentation, deepfake videos and face swaps generated by artificial intelligence. Meanwhile, opt-in rates for physical document scans also remain stubbornly low.

It is the first time such a product has been available to iGaming operators in the UK, dramatically streamlining compliance processes, increasing player opt-in rate and combating fraud.

Martin Burt, CEO at ClearStake, said: “We all know about the challenges around physical document requests, and how they adversely impact the customer experience at registration and for later life customer due diligence checks. This new product is a natural fit for the ClearStake solution, offering a pathway to something far more efficient, where players can be identified to the highest standards without needing to upload a passport or driver’s license. It’s a fundamental paradigm shift in how operators ID their players, and we’re excited to lead the way as the first to bring this to the iGaming industry.”

The post ClearStake ditches the passport with launch of revolutionary new ID product appeared first on European Gaming Industry News.

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