Gambling in the USA
Casinos in Pennsylvania Can Now Return to Full Capacity
Memorial Day 2021 might be a big day for casinos in Pennsylvania. Operators within this jurisdiction were beset by the state’s orders issued on Memorial Day 2020.
The casinos were forced to shut down operations in a bid to contain the spread of the notorious coronavirus. However, according to statements made by Governor Wolf, the PA state government will be lifting all Covid-19 related restrictions apart from mask-wearing.
Governor Tom Wolf recently made a statement that PA casinos can resume 100% operations on Memorial Day. With the ban on restaurants and bars being lifted, the industry expects to witness a significant turnabout.
Review the map of Pennsylvania casinos found here. Then you could decide whether to promote the companies now that they’re back in business.
Philly Set to Review State Plan
After the Governor’s statement concerning the lift of Covid-19 bans in the state, Philadelphia Health Commissioner Thomas Farley didn’t confirm whether the City of Philadelphia would follow suit. But, according to him, the Commission will have to review the state plan before giving a green light.
These statements from Farley triggered a violent reaction from the City’s council members. The furious council members argued that they are counting on the Farley’s reopening the City because Live Casino Philadelphia and Rivers Casino Philadelphia are within the City’s boundaries. As such, they are bound by the Commission’s rules.
There Lacks Absolute Certainty
You will realize that the operative word in these statements is “can.” Following last year’s closure of casinos in Pennsylvania for a hundred days, the PA Gaming Board released Covid-19 protocols for reopening.
However, with Wolf allowing these casinos to resume 100% operation, it remains unclear what the operators will do in light of added safety and health measures the gaming board put in place.
With many residents getting vaccinated and brick-and-mortar casinos resuming operation at 100% capacity, they have already begun hiring personnel. Valley Forge Casino was the first to hold a job fair. Other casinos in Pennsylvania have followed suit, with most posting job advertisements on social media.
Pennsylvania Casino Revenue Plunged in 2020
In response to the Covid-19 pandemic, PA casinos witnessed a total of 1,500 closure days, about a third of the number of days they would have run normally cumulatively. With revenue from land-based casinos plummeting by about half, casino revenues in PA were bound to drop.
The State Gaming Control Board reported that fantasy sports operators and all the land-based casinos in the state generated a total of $2.65 billion last year, a significant (22%) drop from 2019’s year’s $3 billion collected from 12 casinos.
Land-Based Casinos Rebuild
At this point, it is worth noting that Pennsylvania is the second-largest gaming and gambling industry in the U.S after Nevada. The margin between these two states has grown wider since casinos in Nevada were legally allowed to offer full-scale iGaming services during the pandemic.
With the closure of brick-and-mortar wagering houses, gamblers turned to online casinos. These virtual casinos collected a gross iGaming revenue of slightly above half a billion dollars in 2020. However, since interactive iGaming platforms went live in mid-2019, there was no year-to-year comparison.
Wolf’s closure of brick-and-mortar casinos began in March last year, and gradual reopening commenced in June. By that time, the gaming revenue had dropped significantly. Table games and slots from developers like Relax Gaming generated a revenue of $1.86 billion last year. That was a 43% drop ($1.4 billion) from $3.26 billion gross gaming revenue recorded in 2019.
In light of the current developments, PA land-based casinos are getting ready to get back into business at full capacity. Pennsylvania National Gaming, the oldest operator in PA, will be launching two more venues, one in Morgantown and the other in York, later this year. According to the casino’s Q1 2021 report, it is currently experiencing high demand across the nationwide portfolio.
PA Residents Expected to Keep their Masks On
Wolf made it clear that lifting the bans did not mean that residents can return to the streets without wearing masks. Despite being vaccinated already, residents are expected to wear their mask when walking into land-based casinos.
The Governor says that he will lift the mandatory mask wearing order after 70% of the adults in the state has been vaccinated. According to the state Department of Health, about 50.1% of the adults had received at least one dose of the Covid-19 jab by May 6. In addition, 32.2% of the adults are fully vaccinated by taking a single dose of Johnson & Johnson or two Pfizer or Moderna vaccines doses.
The state department of health continues to make progress in the fight against Covid-19. With the evolving CDC guidance and more residents getting vaccinated, the state is committed to seeing its reopening efforts come to fruition.
However, the health agency is still calling upon Pennsylvanians to take all the necessary steps required to eradicate Covid-19, which means masking, social distancing, sanitizing, frequent hand washing and receiving vaccines.
Some Casinos are Enduring Better than Others
While not a single PA casino has managed to match pre-Covid revenue performance, the experience is different for each operator. In March, for instance, the statewide plunge in table and slots revenue from 2019 for casinos that had been in operation for at least two years was 21.5%, but Meadows went down 35.8%, Wind Creek 32,8%, and Mohegan Sun 13.9%.
McCraken and Frabbiele, two casinos on the opposite sides of Pennsylvania, both reported that part of their problems had to do with being in close proximity with other states that had adopted less restrictive measures. Meadows is also facing new competition from Live! Pittsburgh, a young but promising casino.
With the state allowing PA casinos to drop the 6-foot social distancing order and the resumption of full operation on May 31, operators within the state are filled with hope. According to state statistics, about 5,000 slot machines were not in operation as of March 2021 compared with March 2019.
The number of table game players had also been reduced from six to three. Casino executives suggest that cautious players be allowed to sit at a reserved table with three seats while others play on 6-player tables.
To surmise, PA casino operators need to be fully aware that the post-Covid world remains undefined.
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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
Golden Entertainment Inc. reported financial results for the third quarter ended September 30. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, the Company’s Board of Directors authorised the Company’s recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024.
Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation and culinary excellence. The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si.
Galaxy Gaming Inc., the world’s largest independent developer and distributor of casino table games and technology announced, at a special meeting of its stockholders held on November 12, 2024 (the Special Meeting), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (Evolution), Evolution AB (publ)’s wholly owned subsidiary. Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.
Caesars Virginia has announced that its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space.
Partnerships
NGX has entered into a strategic partnership with Sportradar, a global leader in sports integrity solutions, which collaborates with more than 180 sports federations and leagues. The agreement aims to support the Brazilian football federations of Rio Grande do Sul, Paraná and Pará, providing detailed reports to ensure the integrity of sporting events and combat fraud.
EvenBet Gaming has announced the launch of its advanced poker solutions in partnership with JugaMax, one of the largest and most respected casino operators in Paraguay. This strategic collaboration marks EvenBet’s debut in the Paraguayan iGaming market, solidifying the company’s expansion within Latin America. The newly established partnership enables the integration of EvenBet Gaming’s poker offering on the JugaMax platform.
Jackpocket, the leading lottery app in the US, and Barstool Sports announced a new collaboration naming Jackpocket as the “Exclusive & Official Digital Lottery Partner of Barstool Sports”. The deal with Barstool follows Jackpocket’s parent company, DraftKings, announcing a similar agreement with the media company in February 2024. This collaboration centers around the integration of Jackpocket in Barstool’s content. Fans can participate in the lottery alongside some of Barstool’s biggest names such as Dave Portnoy, Big Cat & PFT from Pardon My Take – the leading sports podcast in America, Wallo & Gillie from Million Dollaz Worth of Game and more.
The post Gaming Americas Weekly Roundup – November 11-17 appeared first on European Gaming Industry News.
Gambling in the USA
Snoqualmie Casino Announces Exciting Rebranding to Snoqualmie Casino & Hotel Ahead of Major Expansion
Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation, and culinary excellence.
The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si. With a focus on sustainability and modern design, the hotel will feature upscale accommodations, a full-service destination spa, and amenities that cater to both leisure and business travelers. Plus, there are architectural details inspired by Snoqualmie culture from a modern slant roof hotel design representing the original longhouses of the Snoqualmie Tribe’s ancestors to carefully chosen artwork placed throughout for guests to enjoy.
Snoqualmie Casino & Hotel’s destination spa will offer an immersive escape that blends relaxation with the healing power of nature. Nestled in the serene landscapes of the Pacific Northwest, the spa provides a range of rejuvenating treatments. Experience the perfect blend of wellness and nature where luxury, tradition and innovation come together for an incredibly transformative experience.
“It is my honor and privilege to announce that Snoqualmie Casino has now become Snoqualmie Casino and Hotel. Over the past three years, the Snoqualmie Tribe and Casino have been diligently working to bring a one-of-a-kind, world-class hotel to the Snoqualmie Valley,” said Interim CEO Mary Lou Patterson.
In addition, Snoqualmie Casino & Hotel will expand its gaming floor, introducing an array of new options to enhance the entertainment experience for guests. This expansion will include the latest slots, electronic and traditional table games, as well as a dedicated high-limit gaming area for discerning players seeking a more exclusive gaming experience.
One of the highlights of the expansion is the development of a state-of-the-art 2000-seat entertainment and convention center. This versatile venue will host a variety of events, from concerts to conferences, positioning Snoqualmie Casino & Hotel as a key player in the region’s entertainment landscape. With cutting-edge technology and a focus on guest comfort, the center will attract top-tier talent and events, making it a must-visit destination.
In addition to the award-winning Vista Prime Steaks & Seafood, 12 Moons, and Falls Buffet, a new sports bar and grill will be introduced to provide patrons with the ultimate game day experience. Other new dining options, set to open later, will showcase local ingredients and flavors, ensuring a memorable culinary experience for guests.
Snoqualmie Casino & Hotel recently launched a brand-new valet garage. The dual level indoor and outdoor structure, with 600 additional spaces, doubles the previous capacity for valet parking creating easier access into the casino. This is the first piece of new development at Snoqualmie Casino & Hotel that has opened for immediate use. The entire project anticipates creating numerous job opportunities for local residents, contributing to the economic growth of the Snoqualmie area.
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
PENN Entertainment and ESPN announced that account linking between ESPN BET and ESPN is now available for customers, creating an even more deeply integrated media and betting experience. By linking accounts, fans now have the ability to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com. With this product enhancement, ESPN BET will soon bring fans more personalised bets and timely promotions based on their favourite sports, teams, players and fantasy rosters.
Accel Entertainment Inc. has announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming LLC and LSM Gaming LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT, its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalisation of the existing land-based network. The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
BetMGM Poker has become the third US operator to offer multi-state online poker. The company has merged its player pools in Michigan and New Jersey. Both states are a part of the Multi-State Internet Gaming Agreement, which allows online poker networks to share liquidity and players in participating markets. The two-state network went live Wednesday afternoon after morning maintenance.
Betsson Group has celebrated its success at the SBC Awards Latinoamérica 2024, winning two prestigious awards: Sportsbook Operator of the Year and Leader of the Year, which was awarded to Kevin Saliba, Commercial Director (Business Development) for Latin America. This marks the second consecutive year Betsson has earned the Leader of the Year accolade, following Andrea Rossi’s win in 2023 – an achievement that underscores Betsson’s consistent leadership in the region.
Partnerships
Play’n GO has announced a new operator partnership with renowned gaming brand Hard Rock Digital for their top-rated Hard Rock Bet online casino platform in New Jersey. The Hard Rock brand is synonymous with entertainment worldwide, and this partnership will see Hard Rock Bet players in New Jersey gain access to hit Play’n GO titles such as Piggy Blitz, Book of Dead and Rise of Olympus 100.
SCCG Management, a global leader in gaming innovation and advisory, has announced a strategic partnership with Chata.AI, a technology provider specialising in self-service, proactive analytics that enables businesses to access real-time insights without requiring extensive technical expertise. This partnership introduces Chata.AI’s technology to the gaming industry, providing operators with powerful tools to streamline decision-making and increase operational efficiency.
The post Gaming Americas Weekly Roundup – November 4-10 appeared first on European Gaming Industry News.
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