Bally’s Corp

NGCB Recommends Approval of Licenses for Bally’s and William Hill

Published

4 years ago

March 5, 2021

The Nevada Gaming Control Board (NGCB) has recommended approval of licenses for both William Hill and Bally’s.

William Hill US, which has more than 120 sportsbook and kiosk locations across the state and is a subsidiary of the UK-based William Hill Plc, would become the centerpiece of Caesars’ sports wagering operation if the board’s unanimous recommendation is adopted by the Nevada Gaming Commission when it meets March 18.

Caesars’ $3.7 billion deal for William Hill, first announced in April and approved by shareholders of both companies, is scheduled to close on March 23. The two companies currently operate as a joint venture with 20% and 80% equity ownership respectively.

Through the existing joint venture, William Hill runs online sports betting operations through Caesars’ market access in each state and retail sports betting operations in Caesars’ properties as well as those of other casino operators around the United States. Caesars owns and operates 54 domestic properties in 16 states. The company’s resorts operate primarily under the Caesars, Harrah’s, Horseshoe, and Eldorado brand names.

European Gaming Congress 2024 (Warsaw, Poland)

Caesars CEO Tom Reeg said he expects sportsbooks to help drive traffic to other parts of the casino.

“We’ve seen customers show up that were not otherwise coming that skews younger, tends to be a table-games customer, tends to drink a lot of beer — all good for a casino operator,” Reeg said.

Also, the board recommended a series of licenses that would register Bally’s Corp as a publicly-traded company in the state, operate the Montbleu resort in Stateline at Lake Tahoe and issue favorable suitability findings for several of its executives.

Bally’s Corp

The Global Casino Market is expected to grow by $ 38.23 bn during 2022-2026, progressing at a CAGR of 3.97% during the forecast period

Published

3 years ago

March 11, 2022

GamingAmericas.com

Reportlinker.com announces the release of the report “Global Casino Market 2022-2026” –
Our report on the casino market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing popularity of online gambling, liberalization of the regulatory framework, and increase in esports betting. In addition, the growing popularity of online gambling is anticipated to boost the growth of the market as well.
The casino market analysis includes the type segment and geographic landscape.

The casino market is segmented as below:
By Type
• Poker
• Blackjack
• Craps
• Lottery
• Others

By Geographical Landscape
• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the use of technological innovation in casinos as one of the prime reasons driving the casino market growth during the next few years. Also, use of virtual currency for awarding a prize and increasing use of social media marketing will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on casino market covers the following areas:
• Casino market sizing
• Casino market forecast
• Casino market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading casino market vendors that include 888 Holdings Plc, Apricot Investments Ltd., Ballys Corp., Betsson AB, Casino Del Sol, Delta Corp Ltd., Entain Plc, Evolution Gaming Group, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Kindred Group Plc, MGM Resorts International, NetBet Enterprises Ltd., Playson Ltd, Scientific Games Corp., Station Casinos LLC, The Rank Group Plc, and William Hill Plc. Also, the casino market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research – both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.