Gambling in the USA
MLS Launches Launches New Prediction Game with BetMGM
Major League Soccer and MGM Resorts International have joined hands to launch “Predict 6,” the first weekly free-to-play prediction game involving MLS. The game is available on MLSsoccer.com and the award-winning MLS mobile app. This will be the first time, the MLS is offering fans a chance to showcase their knowledge of the League and to compete against their fellow supporters and friends for weekly prizes.
The rules are simple. The participants will be asked to predict a set of questions for each of six matches, first, the outcome of the match (Win, Lose, Draw) and for each of these matches, also answer a second proposition style question (example: which team will score first, what will be the final score, etc.). If a fan correctly predicts all six match outcomes and correctly answers the six additional proposition questions, they may win a $50,000 grand prize; if there is no grand prize winner, the fan with the highest score each week will win $500 or other prizes provided by BetMGM.
“Major League Soccer is excited to elevate the digital fan experience with the new free-to-play ‘Predict 6’ game presented by BetMGM,” said Chris Schlosser, MLS SVP of Media. “We are always looking for new experiences for our fans that bring them closer to the game. ‘Predict 6’ builds upon our existing fantasy offerings to give fans a free, quick and easy way to both compete and showcase their knowledge of the League and our clubs with friends.”
Kicking off every Thursday at 12 p.m. throughout the regular season, fans will have a chance to create leagues to compete against their friends and fellow supporters for bragging rights. MLS fans will have a chance to predict in-game action including who will be the first player to score, what will be the halftime score, and first goal scored minute range, among others.
“Predict 6” is powered by BetMGM odds. Fans will earn points by making correct predictions. The fan with the most points in any week will be eligible to win the weekly $500 prize. MLSsoccer.com will also feature BetMGM content each week to help fans make their “Predict 6” selections.
“Predict 6 is a concept that will allow fans to engage with their favorite MLS teams in a way that they’ve never experienced before,” said MGM Resorts International President of Interactive Gaming, Scott Butera. “BetMGM looks forward to providing this free-to-play game during the upcoming season to soccer fans, as well access to MGM’s world-class entertainment offerings and resorts.”
Gambling in the USA
Casino Management Systems Market size worth $ 30.36 Billion, Globally, by 2031 at 15.5% CAGR – Report By Verified Market Research®
The Global Casino Management Systems Market is projected to grow at a CAGR of 15.5% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 9.59 Billion in 2024 and is expected to reach USD 30.36 Billion by the end of the forecast period.
Scope Of The Report
REPORT ATTRIBUTES | DETAILS |
STUDY PERIOD | 2021-2031 |
GROWTH RATE | CAGR of ~15.5% from 2024 to 2031 |
BASE YEAR FOR VALUATION | 2024 |
HISTORICAL PERIOD | 2021-2023 |
FORECAST PERIOD | 2024-2031 |
QUANTITATIVE UNITS | Value in USD Billion |
REPORT COVERAGE | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
SEGMENTS COVERED |
|
REGIONS COVERED |
|
KEY PLAYERS | International Game Technology, Scientific Games Corporation, Everi Holdings Inc., NCR Corporation, Micros Systems, Konami Gaming, Light & Wonder, Astra Gaming Group, Novomatic AG Group, Gauselmann Group, Gamesys Group plc, BetConstruct, Melco Resorts & Entertainment, Galaxy Entertainment Group, SJM Holdings Limited, Suncity Group, Paradise Entertainment Limited |
CUSTOMIZATION | Report customization along with purchase available upon request |
Casino Management Systems Market Overview
Technological Advancements Propel Growth: Technological advancements play a crucial role in driving the ever-changing Casino Management Systems Market. Advancements like AI-powered analytics, integration with IoT, and mobile compatibility contribute to improved operational efficiency and increased customer engagement. These advancements fuel the need for businesses to improve their operations and provide exceptional customer experiences, leading to the growth of the market.
Rising Demand for Enhanced Security Solutions: Security is a major concern in the Casino Management Systems Market, leading to a high demand for cutting-edge security solutions. Given the rising number of fraudulent activities and data breaches, casinos are actively looking for strong security measures to protect their assets and ensure the safety of customer information. Addressing these concerns, solutions that provide biometric authentication, encryption, and real-time monitoring can foster trust among stakeholders and contribute to market growth.
Increasing Regulatory Compliance Requirements: The Casino Management Systems Market is seeing a notable increase in demand due to the growing importance of regulatory compliance. Comprehensive compliance solutions are required to meet the stringent regulations in the gaming industry. By utilising systems that provide regulatory reporting, audit trails, and age verification capabilities, casinos can ensure compliance with legal requirements and prevent potential penalties. The increasing emphasis on compliance highlights the significance of advanced management systems, driving the growth of the market.
High Initial Investment Costs: One of the main challenges in the Casino Management Systems Market is the significant upfront costs involved in implementing comprehensive management solutions. Acquiring, integrating, and customising these systems can result in significant upfront expenses for casinos. The financial obstacle hinders the expansion of the market, especially for small and medium-sized businesses. Nevertheless, companies that offer adaptable pricing structures and scalable solutions can help alleviate this limitation, thereby expanding the market’s accessibility to a wider array of businesses.
Integration Challenges and Legacy Systems: The Casino Management Systems Market faces significant challenges due to the complexities of integration and the presence of legacy systems. It is common for casinos to have a wide range of IT infrastructures, some of which may be outdated and incompatible with modern management solutions. Implementing new systems and ensuring smooth compatibility with current infrastructure demands significant time, resources, and specialised knowledge. The integration challenges mentioned can impede market growth as they result in longer implementation timelines and higher deployment costs.
Concerns Regarding Data Privacy and Security: In the ever-growing landscape of data breaches and privacy scandals, the Casino Management Systems Market faces significant challenges when it comes to data privacy and security. Casinos are responsible for managing extensive amounts of sensitive customer data, which includes personal and financial information. This makes them highly attractive to cyber threats. With increasing regulatory scrutiny, casinos are under growing pressure to maintain data protection standards and ensure the privacy of their customers. Tackling these concerns necessitates strong security measures and adherence to data privacy regulations, which introduces additional complexity and expenses to system implementations, thereby limiting market expansion.
Geographic Dominance:
The forecast period is expected to see the Asia Pacific region experiencing the most significant growth. Several countries in the Asia Pacific region, such as Macau, Singapore, the Philippines, and South Korea, have experienced significant expansion in their casino industry. Emerging markets are actively expanding their gaming sectors in order to attract more tourists and boost revenue. This expansion requires sophisticated management systems to optimise operations, enhance visitor experiences, and ensure compliance with regulations.
In addition, the Asia-Pacific region has experienced a notable rise in middle-class populations and disposable incomes. As a result, there has been a growing trend of increased leisure spending, with a particular focus on gaming and entertainment. With the increasing number of casino visitors, there is a growing need for cutting-edge casino management systems. This has led to the creation of innovative technologies that enhance customer service, marketing strategies, and overall operational efficiency.
Casino Management Systems Market Key Players Shaping the Future
Major players, including International Game Technology, Scientific Games Corporation, Everi Holdings Inc., NCR Corporation, Micros Systems, Konami Gaming, Light & Wonder, Astra Gaming Group, Novomatic AG Group, Gauselmann Group, Gamesys Group plc, BetConstruct, Melco Resorts & Entertainment, Galaxy Entertainment Group, SJM Holdings Limited, Suncity Group, Paradise Entertainment Limited. and more, play a pivotal role in shaping the future of the Casino Management Systems Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.
Casino Management Systems Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Casino Management Systems Market into Module, Application, And Geography.
- Casino Management Systems Market, by Module
- Slot Games
- Table Games
- Casino Management Systems Market, by Application
- Accounting
- Security & Surveillance
- Players Tracking
- Marketing & Promotions
- Gaming Analytics
- Others
- Casino Management Systems Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Leading Casino Management Systems taking gambling to new heights
Visualize Casino Management Systems Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Gambling in the USA
MONEYMAKER TOUR LAUNCHES COACHING PARTNERSHIP WITH FARAZ JAKA
Collaboration will offer Tour participants and fans resources to improve poker skills
The Moneymaker Tour, which was founded in 2023 by former 2003 World Series of Poker Champion Chris Moneymaker, has partnered with notable poker player Faraz Jaka’s coaching programme, JAKAcoaching to offer Moneymaker Tour players and fans with exclusive coaching offers, materials and access to tools, insights and resources to build and elevate their poker skills.
Faraz Jaka, who won his first WSOP bracelet in the $1,500 NLHE Shootout at the 2023 series and who has more than $12 million in tournament winnings to his name, will provide analyses of hands from the livestreams of Moneymaker Tour stops exclusively for JAKAcoaching members and on his Instagram channel. This analysis will start from the next Moneymaker Tour stop, which kicks off today at the Daytona Beach Racing & Card club and runs until April 29th.
“We are excited to join forces with the Moneymaker Tour to provide participants with practical resources and impact their game in a meaningful way,” said Faraz Jaka, founder of JAKAcoaching, who is also a member of the PokerOrg Player Advisory Board. “Through our partnership, we aim to empower players with the knowledge and skills needed to succeed in today’s competitive poker landscape.”
To kick start their learning journey with JAKAcoaching, the site is offering Moneymaker Tour participants access to an exclusive, free training video featuring Florida poker legend Scott Baumstein which can be found at JAKA.poker/moneymaker.
JAKAcoaching also has a special 16% membership discount offer for Moneymaker Tour players and fans to subscribe and join the thousands of players, from beginners to experienced professionals, who benefit from the full range of coaching materials, expertise and resources offered by JAKAcoaching to take their game to the next level.
“Faraz teaches all skill sets within the game and with the majority of players lying in the mid major market, our partnership is a perfect match”, said Tony Burns, Executive Manager, Moneymaker Tour. “With Faraz’ well proven results and his high respect within the poker community from his peers, we felt our brands complimented each other nicely.”
The Moneymaker Tour, which saw its inaugural stop in May 2023, has been steadily increasing in popularity. Its third series at Hard Rock Casino in Cincinnati in September was the first to draw a $1 Million guaranteed Main Event, with a strong 788 entry field eventually won by Joseph Bakun for more than $208,000.
The Moneymaker Tour was created by 2003 WSOP Champion and ACR Team Pro, Chris Moneymaker and Moneymaker Tour Executive Manager, Tony Burns. The Tour was conceived as a way for Moneymaker to give poker players opportunities to have their own ordinary to extraordinary moments as he did. One such player was Michael Rossi, who echoed Chris’s own story when he won the first Moneymaker Poker Tour $2,500 Buy-in Main Event at Palm Beach Kennel Club. Rossi, who won his seat via an online satellite for just $95, this time courtesy of ACR Poker, took down the tournament for more than $134,000 on May 23, the 20th anniversary of Moneymaker’s 2003 WSOP Main Event victory.
The Moneymaker Tour returns to Daytona Beach Racing & Card Club from April 17-29, and moves on to the Palm Beach Kennel Club from May 2-14.
For more information visit: moneymakerpt.com
Detroit casinos
Detroit Casinos Report $123.86M in March Revenue
The three Detroit casinos reported $123.86 million in monthly aggregate revenue (AGR) for the month of March 2024, of which $122.26 million was generated from table games and slots, and $1.6 million from retail sports betting.
The March market shares were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino at Greektown, 23%
Monthly Table Games, Slot Revenue, and Taxes
March 2024 table games and slot revenue increased 3.8% when compared to March 2023 revenue. March’s monthly revenue was 16.7% higher than February 2024. From Jan. 1 through March 31, the Detroit casinos’ table games and slots revenue decreased by 1.6% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to March 2023:
- MGM, up 4.1% to $56.65 million
- MotorCity, up 7.2% to $38.35 million
- Hollywood Casino at Greektown, down 1.4% to $27.26 million
In March 2024, the three Detroit casinos paid $9.9 million in gaming taxes to the State of Michigan. They paid $9.5 million for the same month last year. The casinos also reported submitting $14.5 million in wagering taxes and development agreement payments to the City of Detroit in March.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $17.25 million in total retail sports betting handle, and total gross receipts were $1.61 million for the month of March. Retail sports betting qualified adjusted gross receipts (QAGR) in March were up by 13.2% when compared to the same month last year. Compared to February 2024, March QAGR was up by $1.7 million.
March QAGR by casino was:
- MGM: $327,857
- MotorCity: $538,988
- Hollywood Casino at Greektown: $731,389
During March, the casinos paid $60,413 in gaming taxes to the state and reported submitting $73,838 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For February 2024, fantasy contest operators reported total adjusted revenues of $405,342 and paid taxes of $34,049.
-
Latest News7 days ago
Wizard Games produces delicious treat with Cakes of Fortune
-
Latest News6 days ago
Inspired steps into Spring with its latest line up of slots: Space Invaders Win And Spin, Big Big Fishing Fortune and Piggy Bandits
-
Latest News6 days ago
Week 15/2024 slot games releases
-
Asia7 days ago
Profiles of Animesh Agarwal, Naman Mathur, Payal Dhare and Tirth Mehta
-
Latest News6 days ago
STAKELOGIC INKS NEW DEAL WITH PLAYUZU TO BOOST MEXICAN PRESENCE
-
Balkans6 days ago
Making a Bang in Bulgaria! Hacksaw Gaming goes live with Alphawin
-
Bankers Casino6 days ago
California Gambling Control Commission Approves Key Licensing Decisions Amid Regulatory Updates
-
Compliance Updates6 days ago
IOC and UEFA host joint betting integrity workshop