Category: Announcement

MGM Cotai Finally Opens in Macau As License Renewal Looms

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On Tuesday, MGM Resorts International finally opened its $3.4 billion casino resorts in Macau, a venture that is latest big bet by foreign gaming operators on the Chinese gambling haven. MGM Cotai, the casino, opens after months of delays and will be the new highlight if Macau’s Cotai Strip with its 1,390-room hotel-casino offering. Also, with the Chinese Lunar New Year just around the corner, the casino is expected to draw in massive crowds within the next few days of its launch.

MGM Resorts International is one of the six licensed casino operators in Macau which is the only place in China where the citizens can gamble legally. However, MGM’s operational license in the region is due to expire in 2020 alongside SJM Holdings’ license. The other four operators, that is, Wynn Macau, Sands China, Melco Resorts and Galaxy Entertainment, on the other hand, will be able to operate normally until 2022 when their licenses expire.

While Macau authorities are yet to provide more information regarding the renewal of the licenses, the launch of the new MGM Casino in Cotai is anticipated to hasten the process in one way or the other. In fact, Grant Bowie, the chief executive of MGM China, MGM Resorts International’s Macau unit, believes that the launch was critical for the concession renewal process.

“Concession renewals will be determined on diversifying Macau into more than just a gaming town,” Bowie told a news conference.

Riding the Revenue Boom?

As the license expiration dates draw nearer, MGM Resorts and other operators have worked tirelessly towards diversifying their non-gaming offering in a bid to pacify Beijing which has grown more wary about Macau’s acute dependence and reliance on gambling – 80 percent of revenue in Macau is derived from gambling.

At the moment, Macau gambling revenues are on the upswing having risen by 19 percent in the last year to $34 billion following years of declining fortunes as a result of wealthy Chinese gamblers shying away from the casinos to avoid being probed by an extended corruption campaign by President Xi Jinping. These Chinese high rollers who are making a come-back to the casinos helped to propel Macau’s rapid transformation into what is now considered to be a global gambling powerhouse.

Analysts are anticipating that MGM Cotai will open with about 177 mass gaming tables. VIP gaming is expected to be handled by middlemen junkets that are likely to go live by the end of the first half of year alongside MGM Resorts’ luxury mansion villas.

Pro Gaming: Could Esports Be the Future of the Olympics?

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This year’s Winter Olympics was graced by Esports or competitive video gaming is what is considered to be a warm-up of better things to come. Having been finally recognized as “real” sports by Olympic officials, Esports has its sights set on expanding more and eventually getting their own spot on the medal table.

The most recent debate on what the requirements pertaining to Esports relevance as part of the Olympics was rekindled by a gaming tournament of sorts that was held in PyongChang, which is also the venue of the ongoing Olympics. Professional video gamers who were brought in by Intel Corp, an Olympic sponsor, got the attention of everyone by playing Starcraft II. The game is known for being a real-time strategy game that demands tactical thinking, concentration, and even quick reflexes. While this may sound like the characteristics of any Olympic sport, the raging debate is about whether the rigorous requirements are sufficient to earn Esports a spot among other Olympic games.

A decent number of nations and the International Olympic Committee already recognize Esports as a “sporting activity” and thus it could go Olympic as early as 2024. Looking back at some of the key factors for its success outside all the Olympic buzz, Esports has certainly earned it;

It’s been with us for a while

Prior to the true beginning of Esports in 2000 when the Korea eSports Association (KeSPA) was created to promote and regulate Esports competitions, there were lots of video game competitions of varying scales. Remember Pac-man? Or Space Invaders? If anything is to make Esports Olympic-worthy, then, this is it.

It is a diverse and complete ecosystem

Today, Esports draws a flurry of different participants from all over the world just like regular physical sports. Other characteristics that make it such a worthy newcomer of the Olympics include the fact that it too has had its fair share of scandal. Controversies ranging from doping to abuse by Esports organizers are not completely unheard of in the Esports community. This is, of course, not something that we should be proud of but it does go a long way in proving the maturity of the Esports ecosystem as well as how serious the participants, stakeholders, and spectators are.

Resorts World Catskills Opens New Casino in Sullivan County

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After decades of waiting, the New York’s newest casino, a $1.2 billion project in the Catskills finally began operating. The Resort World Catskills casino is a 100,000-square-foot behemoth that sits on a site that is approximately 1,700 acres – which was previously owned by the former Concord Resort Hotel. This particular Resorts World Catskill project was spearheaded by Empire Resorts which also happens to be operating the Monticello Casino & Raceway in Sullivan County.

Resorts World Casino & Resorts becomes the fourth state-approved casino to open since December 2016. The state currently hosts three other commercial, non-Indian casinos – the Tioga Downs Casino in Nichols, Tioga County; del Lago Resort & Casino in Tyre, Seneca County; and the Rivers Casino in Schenectady.

What To Expect

Already, there are huge expectations being mounted on the new casinos. For instance, the Resorts World officials are projecting that the complex will draw about 4 million visitors every year. Also, the operator’s management held job fairs in Orange and Sullivan Counties this winter in order to fill around 1,400 vacancies the casino would have when it finally launched. As it stands, this has been handled quite well and the state officials have confirmed that about three-quarters of the 1,300 permanent employees that the casino hired were either women or minorities. The number will eventually be bumped up by adding 600 more permanent employees next year when a planned indoor water park, entertainment village and the Concord’s redesigned Monster golf course open.

Resorts World Catskills’ Sullivan County complex boasts of a 100,000-square-foot floor comprising of a whopping 2,151 slot machines, 150 exciting table games as well as a poker room. Also available at the venue is a meeting space and 27,000 square feet of entertainment.

Customers will also be treated to some dining options including the Cellaio – restaurant operated by celebrity chef Scott Conant – which will be offering an Italian-style steakhouse menu. The casino will further host Good Friends Market and Lotus, both of which are outstanding Asian restaurants.

 “Resorts World Casino will be a destination with a variety of gaming, entertainment and dining options for tourists near and far that will boost the region and the entire state,” said Lt. Gov. Kathy Hochul, who attended Resorts World Catskills’ grand opening ceremony on Thursday.

The casino has a hotel that has 336 premium all-suite rooms and another with 324 rooms even though the latter will not be opened until next year.

Pennsylvania Online Poker May Go Live by the End of the Year

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This week, the Pennsylvania Gaming Control Board (PGCB) announced that manufacturers and suppliers will be allowed to apply for online gambling licenses as from April 2. The development follows the state’s legislation last October to pass the legislation to legalize online poker and other forms of online gambling in Pennsylvania.

Poker enthusiasts are hopeful that this implies that online poker games could be a thing by the end of the year if everything goes smoothly. It took so long for lawmakers in the state to agree on the details of expansion that it came as a surprise when they finally settled on a bill and passed it. It will certainly take a little more time before online casinos and online poker become a reality in the state but since the process has already kicked off, stakeholders will have to be patient and see how it all plays out in the end.

The PGCP is yet to announce dates for when online gaming operators will be able to apply for licenses – this makes the timeline a little uncertain but this is probably because the state is also moving forward in other areas of the planned expansion. This includes applications for the Video Game Terminal Operators and Establishments that the board has placed on their website.

The manufacturers and suppliers who will apply for the online casino licenses are expected to team up with Pennsylvania’s land-based casino operators in coming up with internet versions of the games they offer. Sounds familiar? Well, it should – the same model was implemented in the neighboring state of New Jersey which now boasts of $250 million per annum online gambling market.

The PGCB further outlined that the process for the applications involving Interactive Gaming will require the submission of an application after which it will provide instruction on how to be fingerprinted. After the fingerprint results are provided and all the other steps are followed, the application process will be considered to be complete. Also, background checks and investigations will be carried out for each every individual and entity that will be part of the applications.

Online poker will most certainly boost Pennsylvania’s live poker market which presently stands at about $60 million annually but seems to be stagnated.

Iowa Sports Betting Bill Facing Opposition from NBA and MLB

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As it turns out, the state of Iowa has been preparing a House bill that is aimed at legalizing sports betting in case the U.S. Supreme Court lifts the nationwide ban on sportsbetting, but the Major League Baseball (MLB) and the National Basketball League are not too happy about it. Both leagues have officially registered an opposing bill against the Iowa House bill.

However, it is more complicated than it seems – the leagues are not actually opposed to the state’s bid to legalize sports betting, per se. Apparently, the real problem is a provision of the bill that points to a proposed “integrity fee.” The integrity does not guarantee the leagues a piece of the profits that will be amassed from sports betting once it is legalized. According to the Iowa Gaming Association, while the leagues are not being forward about it, NBA and MLB are essentially demanding for major league sports fees.

Members of the Iowa casino industry have unanimously pointed out that the fees that the leagues are demanding is not only unrealistic but will also make sportsbooks unprofitable in the long run.

“It would kill sports betting in any state,” said Iowa Gaming Association president, Wes Ehrecke in an interview with a news outlet.

“It is unfortunate there wouldn’t be a good partnership with all the leagues because they will benefit from people watching games and betting on games,” Ehrecke told the news outlet. “But there certainly doesn’t need to be an integrity fee.”

Ehrecke further pointed out that in case the leagues are allowed to have the 1 percent fee that they are asking for, they would be walking away with about 20 percent or more of what is left after pot money is paid out. In addition to this, he also based his reasoning on the fact that 95 percent of the money wagered would be returned to the gamblers, and the remaining 5 percent is divided among the state, overhead expenses, federal taxes and a small share of the profits for the casinos and community groups.

Iowa’s sports gambling legislation is scheduled for consideration today (Wednesday, 7th )and if passed will establish a framework to legalize sports betting on college and professional sports which would then be regulated by the Iowa Racing and Gaming Commission.

Hard Rock Collaborating With GiG to Build Online Casino

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Hard Rock International, which owns what is considered to be the world’s most recognizable gambling brands, has announced that its iGaming division is entering into a strategic partnership with Gaming Innovation Group (GiG) to create a new online casino platform.

As part of the terms of the partnership, Gaming Innovation Group (GiG) will be providing Hard Rock International with a state-of-the-art digital consumer portal and a back-end platform for operation management. GiG’s design and development team will collaborate with Hard Rock in designing and developing the online casino which is expected to launch later in the year. Furthermore, GiG expects to move into its third regulated market and it has already kicked off preparation towards that by beginning the application process for the Casino Service Industry Enterprise License in New Jersey.

“Hard Rock has an ambitious plan to become a global leader in the international online gaming space,” said Kresimir Spajic, Hard Rock International’s Online Gaming SVP. “We are confident that, together with GiG, we can disrupt the market, through product innovation and unique user experience.”

Already, Hard Rock boasts of a portfolio of over 10 casinos. The company recently invested $500 million in Hard Rock Hotel & Casino Atlantic City with the new establishment expected to launch in the summer of 2018. This partnership with GiG will certainly strengthen both companies’ already solid foundations and reputation while helping them plow back some huge chunks of revenue.

“We are excited to be part of Hard Rock International’s inspiring and innovative plans to become a global leader in the international online gaming space,” says Robin Reed, the GiG CEO. “The online casino will be a stand-out product with the sizzle of the Hard Rock music, entertainment, and lifestyle brand.”

GiG has had a number of lucrative partnership deals in the recent past but this one is expected to be a very important building block towards an initiative that the company has had towards launching some its other products to the mainstream market.

Seattle to Host First-Ever Esports-Dedicated Convention

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It is finally here! All roads lead to Seattle’s GG Expo where Esports champions, enthusiasts, and fans will be coming together for the very first Esports convention in history. Even though the rapidly growing Esports industry has had a number of video game conferences in various parts of the globe, there has never been any major convention where the primary focus is on Esports in a broader sense and not to certain specific video games. This is the void that the organizers of the Seattle convention are seeking to fill.

“There are a lot of shows that cover video games very broadly,” said the GG Expo’s Executive Director, Joe English. “And on the esports sides, there are a lot of tournaments. But where do esports players come together for community building and learning and the experience of esports? That’s where the genesis of the GG Expo came from – bringing the community together and bringing pro players to an event where they can talk about how they become successful.”

Esports has proven to be quite a big deal especially considering the huge market potential it has. Case in point, according to Newzoo, a gaming analyst firm, in 2017 Esports global market hit $660 million with the number of hardcore Esports enthusiasts growing to over 191 million worldwide.

The three day convention will address three of the biggest areas in Esports during each of the three days – the first day will focus on sports games such as NBA 2K and FIFA, the second day will be set aside for Fantasy games like Hearthstone and the third day will be all about battle games like Counter-Strike: Global Offensive. Furthermore, the focus programming will feature player panels on various Esports titles.

The programming will be extended beyond the scheduled focused programming on each day. For instance, the programming for each day will further included panels whose major focus will range from issues such as career opportunities in Esports and associated tech industries. In addition to that, people who attend the conference will be treated to some exciting daily Esports contests and match play.

The guest roster comprises of some pretty big names in Esports. They include players from the Lenovo Silver Snipers, Team Fnatic as well as their team managers, coaches, and even team operations managers.

Tickets for the conference went on sale last Friday. So, if you are interested in attending and partaking in making history or meeting your favorite Esports champions, head over to the GG Expo website and get yourself a ticket.

DraftKings Hoping to Get Into Legal Sports Betting by 2019

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DraftKings has always argued that its business, a daily fantasy sports game where customers play to win cash prizes in exchange for cash entry fees, is a game a skill and not chance – the former being legal and the latter being illegal in the United States. However, for those who have been looking forward to it, the operator is now officially preparing to cross over to the other side with a new sports betting product that they hope to get off the ground by 2019. Hopefully, by that time the United States Supreme Court will have already delivered a ruling regarding the bill that intends to legalize sports betting in the country. From the looks of it, it is likely that the court will rule in favor of New Jersey and abolish the Professional and Amateur Sports Protection Act (PASPA).

“We’re certainly going to go after it,” DraftKings CEO Jason Robins said in an interview. “I think the Supreme Court — I’m hopeful — will rule that way. You can’t really predict what the government will do, but you have to be prepared.”

“For me, it was always, ‘this is going to happen, it’s just [a matter of] when. We’ll be prepared,” he added.

By branching out from the full-slate, roster-drafting contests that made it the top spot for daily fantasy sports competition the company hopes to achieve the same level of success in the legal sports betting industry. In fact, it has already created a single-game contest which will allow DraftKings’ customers to participate in 2018’s NFL title game. By 2019, DraftKings hopes to have a curved up a solid reputation and attracted enough customer recognition that will be very helpful in securing a portion of the Super Bowl action.

The company will also keep running their daily fantasy sports platform which Robins says will continue to grow, and may even grow faster thus dispelling the need to constantly keep tabs on it. The company thinks that the new venture is just as important as the business they have been running all this while. While DraftKings has always distanced itself from sports betting in the past, it is quite clear that the opportunities that legal sports betting presents are just too enticing to be ignored especially considering the huge revenue potential of the market. After all, it’s business.

Mansion Ventures Into Sports Betting With SBTech

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Renowned sportsbook solutions provider SBTech has unveiled its new sportsbook offering with iGaming operator Mansion Group. The Gibraltar –licensed iGaming operator launched with SBTech’s sportsbook and full platform solution as it makes an entry into the European sports betting market with MansionBet, its new brand. This deal is a pretty huge one for the technology provider as it also comes with such perks as SBTech’s Managed Services that Mansion will have access to alongside the sportsbook platform. The Managed Services solution provides operators with protocols for payment services, compliance and fraud detection, and prevention.

Furthermore, Mansion will be able to access a variety of key tools that will include trading and risk management services, price differentiation, controls for bespoke payouts as well as giving the customer control over their betting limits – this will be through Chameleon360, SBTech’s multi-award-winning iGaming platform. Mansion intends to give a lot more attention to mobile-first products like Action Betting and Add2Bet, both of which are designed to improve the in-play betting experience for the users.

“SBTech’s full platform solution is widely acknowledged as the industry’s leading iGaming product, delivering greater engagement, increased brand loyalty and higher lifetime value to our many clients around the world,” said Richard Carter, the SBTech Chief Executive. “This launch confirms SBTech’s position as the leading supplier of sports betting solutions for the sector’s top operators. We’re anticipating significant growth for all of Aspire Global’s partners, thanks to our expertise in deploying flexible trading and content solutions, with a unique focus on cross-selling from casino to sports.”

Mansion Group chief executive, Karel Manasco, also expressed his appreciation of the all-round strength and flexibility of the SBTech platform. He pointed out that these factors, coupled with the sheer quality of the iGaming provider’s products and the scalability of its solution, influenced the company’s decision to select SBTech as their main provider.

888Poker, Poker Central Partnership Renewed for Third Year

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888Poker continues to be the leading face of American online poker with the extension of the poker operator’s partnership contract with Poker Central for the third year in a row. Poker Central, which is a renowned online poker content hub made the announcement that their huge sponsorship deal had been extended and expanded to allow 888Poker to be the exclusive in-show sponsor of the Super High Roller Bowl that will take place this spring. Furthermore, 888poker will feature, to a very large extent, during several broadcasts of poker events such as the U.S. Poker Open, the ARIA High Roller Series and Poker Masters throughout 2018. The World Poker Tour and the World Series of Poker were among some of the most notable events that were not included in the list even though both have partnered with PokerGO before. At the moment, there is nothing but speculation surrounding the choice to leave out both events but a likely scenario is that both prominent series are basking in lucrative sponsorship deals that have effectively taken them out Poker Central’s league. Still, nothing is certain at this point.

“This is our third consecutive year partnering with 888poker, and we couldn’t be more pleased to have them on board for our growing slate of prestigious events. Together, we’re looking forward to further growing the sport by offering more tournaments that poker fans and professionals alike will enjoy,” Poker Central Vice President, Sam Simmons said after the announcement.

888Poker is also quite excited about the renewal and expansion of the partnership – they are showing it by offering reciprocal opportunities to Poker Central. Some of 888Poker’s broadcasted events are owned by Poker Central – these include Poker Masters and Super High Roller Bowl. 888Poker will now be giving gamblers opportunities to qualify for some of the exclusive tournament events through highly sought-after packages.

All Thanks to NBC?

Poker Central’s renewed contract with 888Poker coincides with another huge reveal. NBC Sports Group will be incorporating more Poker Central programming into its US schedule all through 2018. This further applies to both NBCSN’s linear and digital platforms and the programming partnership will run through to 2020.

All of the three Poker Central events that we mentioned earlier will be covered by all of NBC Sports Group’s online platforms and will be available for streaming on internet-connected TVs, tablets, desktops and mobile devices. Tournament dates and broadcast schedules are set to be officially announced later in the year.