Monthly Archives: September 2020

Mississippi casinos reopen post-hurricane, August revenue takes a hit

Mississippi’s Gulf Coast casinos have been cleared to reopen after Hurricane Sally blew through town, while August’s gambling revenue took a hit from other ferocious females.

On Wednesday, the Mississippi Gaming Commission (MGC) announced that the 12 Gulf Coast casinos that were ordered to close on Monday could restart gaming operations as of 1pm. The MGC said that since Hurricane Sally had made landfall east of the state, the danger to customers had passed.

Not all casinos escaped unscathed, as the Palace Casino Resort in Biloxi reported flooding in its parking deck. But that was a better fate than that suffered by two dormant riverboat casinos in Bayou La Batre, Alabama, which floated free from their moorings on Tuesday as Sally bore down on the region.

The region’s seasonal influx of inclement weather is reflected in the MGC’s latest revenue figures for August, which showed its 26 commercial casinos generated combined revenue of $179.4m, nearly $7.5m better than August 2019 but a significant reduction from July’s $195m.

NFL Odds Roundup: Week 2 Lines & Trends

Odds courtesy of OddsShark.com

Two storylines appear to stand out in Week 2 of this NFL season: Tom Brady’s home debut as a member of the Tampa Bay Buccaneers, and the Raiders’ home debut in their new city of Las Vegas. Sadly, there will be no fans in attendance in either Tampa or at the spectacular $2 billion Allegiant Stadium in Sin City.

Brady was a rare regular-season underdog in Week 1 with Tampa Bay losing 34-23 at a very good New Orleans Saints team. Brady threw two picks, including one returned for a touchdown. He frankly looked his age of 43 at times. TB12 is back in his usual favored role against the Carolina Panthers on Sunday with the Bucs at -9 for the 1 p.m. ET kickoff. Carolina lost its ninth straight game in Matt Rhule’s NFL coaching debut in Week 1, 34-30 to the Raiders. The Panthers have covered just once over that stretch.

Speaking of the Saints, they will be the first visitors to Las Vegas in the Monday night game, with New Orleans sitting at -6. Future Hall of Famer Drew Brees has done just about everything possible in his NFL career other than play in Las Vegas. Check that off the list. As noted, the Raiders won their debut as Vegas’ team in Week 1, 34-30 in Charlotte. The Saints carry a seven-game road winning streak into this one, winning by an average of 13 points per game.

Ireland racetracks letting in 200 spectators, UK spectator trials proceed

Ireland’s racecourses will allow a small number of spectators to watch the action live while a few UK courses are pressing ahead with bums-in-seats trial runs.

On Tuesday, the Republic of Ireland issued its latest Living With Covid-19 strategy, which at its current Level 2 will permit 200 bodies to attend live racing events. That number will rise to 500 if the country progresses to Level 1, but Irish racing could find itself back ‘behind closed doors’ if the situation downgrades to Level 3.

That 200 cap applies only if an outdoor venue has a minimum capacity of 5k, and only if organizers can ensure ‘robust protective measures’ to ensure the health and safety of those in attendance. And if the situation worsens to Level 5, racing would be forced to suspend all activities.

Horse Racing Ireland CEO Brian Kavanagh told the Racing Post that the 200-spectator limit was “not a sustainable number for a lot of racecourses.” Even the 500 limit “doesn’t give much leeway” but Kavanagh saw a flicker of hope in the government’s vague promise to work with stakeholders on “specific guidance” for “very large purpose-built event facilities.”

Salas and Mighall lead WPT World Online Championships Main Event into Final Day

An entertaining penultimate day at the felt in the WPT World Online Championships saw Damian Salas claim the lead going into the final as British pro Phil Mighall ran him close.

Overnight, it was Russian poker powerhouse Artur Martirosian who had a massive chip lead, but he would not hold onto it for too long.

First to bust on the day was German high roller Ole Schemion, who departed for just $58,638 in 24th place, but he was quickly followed out of the door by a number of big names. Jesper Hoog busted next, just after a potentially pivotal hand where Bert Stevens bluffed Benjamin Roller off the best hand. Rolle had pocket kings and Stevens had ace-ten, and on the board of J-5-8-J-4, with three diamonds coming in by the turn, a river bet from Stevens took it down.

After players including Diego Cuellar, Paul Allen and Georgios Zisimopoulos all busted, Claas Segebrecht took a massive chunk from Stevens, flushing the turn and seeing Stevens call it down after the river with just king high.

Why the PFL is the Best Bet for Innovative Sports Gaming and Betting

Fight fans have always loved watching fighters going for glory and holding nothing back, and mixed martial arts has seen its popularity spike in recent years like virtually no other sport in the world.

One of the reasons for this recent growth in the industry is the innovative entertainment brought to MMA fans by the Professional Fighters League (PFL), whose million-dollar bouts that close out their seasons attracting big audiences and creatin stars.

It’s no surprise to Peter Murray, CEO of the PFL that part of the company’s success has been due to the innovative approach he and the team have taken.

“There’s been no innovation in the sport in decades,” he tells us. “Based on the demand of MMA fans around the world, we decided to launch our product three years ago and it’s really taken hold with fans. We’ve very excited about the opportunity ahead and proud of our success to date.”

DraftKings teams with New York Giants, BetRivers owns Illinois’ July betting

DraftKings has signed a wide-ranging gaming partnership with the NFL’s New York Giants while the company’s Illinois nemesis took top spot in that state’s nascent sports betting market.

On Wednesday, DraftKings became the Official Sports Betting, iGaming and Daily Fantasy operator of the New York Giants. The deal allows DraftKings to incorporate Giants’ logos into its digital platform while also enjoying “premier brand integration” during Giants home games at MetLife Stadium.

DraftKings will also open “a first of its kind virtual SportsLounge” – whatever that is – on Giants game days, while the parties will team up to offer Giants fans access to a weekly free-play Pick ‘Em game.

New York has yet to authorize online betting but does permit retail betting at upstate gambling venues, including the del Lago Resort & Casino, at which DraftKings opened a retail sportsbook one year ago.

Arkansas casinos take a billion-dollar beating from COVID-19

The coronavirus pandemic has been cruel to the gaming industry everywhere, and especially to Arkansas. According to the state’s Department of Finance and Administration (DFA), COVID-19 forced the casinos to take a massive $1.4-billion hit to their revenue. Fortunately, though, things appear to be slowly gaining momentum and the state’s three casinos might be able to get back to normal sooner than expected. 

Arkansas doesn’t have a huge gaming industry; it only has the Oaklawn Racing Casino Resort, the Saracen Casino Resort and the Southland Casino Racing property. At the trio of venues, the gaming terminal wagers flatlined when the state went on COVID-19 lockdown in March, staying that way until they were allowed to return in the middle of May. Even when the go-ahead to relaunch was given by Governor Asa Hutchinson, capacity in the venues was limited and strict health policies were implemented, preventing the casinos to enjoy their normal levels of activity. 

Oaklawn reported terminal wagers between March and July that were off by $700 million compared to the same period last year. Southland’s loss was a little larger, with it seeing a drop of $743 million year-over-year. Saracen, which just opened in September of last year, doesn’t have a previous year comparison, but only took in $128 million during the period, 42% less than the $312 million it received in the first five months of its operations. 

As casinos started to come back online in May, things have gotten a little better. Oaklawn has flipped the switch on about 780 gaming terminals, taking in around $52 million in May as a result. Since then, that figure has climbed, first to $104 million in June, then to almost $120 million in July. July’s numbers were around 80% of what was seen a year earlier and, with only about half of the machines operational, the return is significant. 

SJM Holdings could come out on top in a post-COVID Macau

Macau has been hit especially hard by COVID-19, but is finally starting to see some recovery. The numbers are still way off from where they should have been by this time; however, everyone has come together to try to put the coronavirus pandemic in the rear-view mirror as quickly as possible. Casino operator SJM Holdings could ultimately emerge as a leader in the market, but not necessarily because of its existing presence in the city. Instead, according to Singapore-based research firm Smartkarma Innovations, SJM will gain significant ground because of a new venue it will soon open. The fact that it is coming on the heels of COVID-19’s decline simply gives it a well-timed boost out the gate.

As Macau travel restrictions start to be lifted, SJM is almost ready to introduce its Grand Lisboa Palace casino resort. The $5-billion property on the Cotai Strip should have been able to start receiving gamblers earlier this year; however, the coronavirus pandemic caused those plans to be altered. Now, SJM’s first Cotai property is ready to make a splash sometime in the first quarter of next year, and the launch will allow it to capitalize on what should be a strong market of gamblers looking to get back to their favorite hobbies. 

Smartkarma explains, “We expect that when Grand Lisboa Palace opens, coupled with a slow recovery in sector gaming revenues from the pandemic, the immediate impact will be [market] over-capacity, leading to market-share shifts among operators with SJM [Holdings] being the primary beneficiary.”

In other parts of the world, as casinos were able to ramp up their operations again, many saw a sudden influx of patrons with pent-up desires to gamble. This led to revenue reports that were substantially higher than many anticipated, and the same could hold true for Macau’s gambling scene once it is fully operational once again. 

Gaming Malta, iGEN launch effort to boost Maltese iGaming employment

If the thought of living and working on an island in the Mediterranean sounds appealing, now might be a good opportunity to make the leap. For those in the gambling industry, a new initiative is underway to attract recruits to Malta’s online gaming sector, launched through a partnership between Gaming Malta and Europe’s iGaming trade association, iGEN. The “Why iGaming” campaign specifically targets the iGaming space and looks to bring in top talent to Malta’s constantly expanding iGaming operations. 

iGEN counts on 22 member companies from across Europe and will work with the Maltese government and the non-profit Gaming Malta group to promote job vacancies in the local marketplace. The collaboration has already led to the creation of a website, www.whyigaming.eu, for this purpose, and is introducing a number of multinational campaigns to publicize job openings and the benefits of working in Malta. Located about 62 miles south of Pozzallo, Sicily, the small island of 475,000 inhabitants offers some incredible beaches and weather that should be attractive to a number of candidates. 

Gaming Malta Chief Operating Officer Ivan Filletti says of the new initiative, “This portal is in sync with our mission to position Malta as the Home of Gaming Excellence. A home where talent succeeds and thrives. An industry and iGaming ecosystem which promotes equality and diversity in their working culture. Why iGaming will serve as a real-time showcase for the industry and the exciting opportunities which it offers.”

In general, Malta’s iGaming sector offers higher salaries than industry employees may found elsewhere; however, a lot of potential talent hasn’t been willing to explore the possibilities due to misdirected concerns about being able to work there. Still, Malta already has 7,000 full-time employees working in the iGaming market, according to local statistics, and another 4,000 working in supporting roles. There are currently over 100 open positions listed on the site, looking for everything from back-end tech support to reporters to executive positions. 

Gambling.com adds new responsible gaming content to its library

The American Gaming Association (AGA) launched its Responsible Gaming Education Week this past Monday, introducing a number of efforts to try to prevent individuals from going into gambling overload. It always wants to help improve how operators in the space market their offerings in an effort to keep things clean and has introduced its Responsible Marketing Code for Sports Wagering to help it achieve its goal. In step with the AGA’s efforts, the Gambling.com Group has expanded its allocation of resources targeting responsible gaming and now has a new Responsible Gaming Center on its website, Gambling.com. 

According to a press release, the new standalone resources are designed to “help individuals recognize problematic behavior early and provide access to support organizations in the Group’s major markets.” The library includes resources on education and guidance, and covers major topics like the fundamentals of responsible gaming, how to stay in control, how to find support and how to protect children from accessing gambling content.

Explains Gambling.com Group CEO Charles Gillespie, “As the online gambling market is established in America and continues to expand around the world, it is important to not lose focus on the social costs of the industry. We are committed to being leaders in responsible gambling and ensuring that a conservative approach is adopted by the industry at large to ensure the sustainability of what is a harmless recreational activity for most people… but unfortunately not for all.”

Gambling.com first stepped into the U.S. gambling scene in 2018 when it set up shop in New Jersey. It had already been active in Australia, Canada, Finland, Ireland, New Zealand, Norway and Sweden, and was ready to help the U.S. evolve its gambling industry, which would get a major boost in May of that year when the Supreme Court axed PASPA. Since then, it has continued to expand its efforts, even introducing the American Gambling Awards, which includes a category for responsible gaming. The Responsible Gambling Award is designed to honor the entity that has “done the most to protect online players and support a sustainable, safe online gaming ecosystem. The winner of the inaugural Responsible Gambling Award was the National Council on Problem Gambling (NCPG).”

DraftKings, FanDuel get behind sports gambling push in Maryland

Maryland is one of a small handful of states that will find its residents able to vote this November on whether sports gambling should be introduced. With less than two months to go until the elections, there’s not much time left, but a dedicated effort to drum up support in the area is now underway. DraftKings and FanDuel are opening their wallets to fund a media campaign designed to grab as much attention to the legislative effort as possible, and is getting support from a WNBA star. 

The Baltimore Sun reports that DraftKings is sinking $250,000 into the campaign, which it contributed in July, while FanDuel plunked down twice that amount earlier this month. The two sports gambling and daily fantasy sports (DFS) operators began introducing ads yesterday on area TV channels, and has also put together a website to help with the efforts. The ads are expected to be found across Maryland, as well as in its neighbor, Washington, DC. 

Joining the campaign is an advocacy group, Vote Yes on Question 2. It is sponsoring the effort and is led by Marissa Coleman, a University of Maryland graduate who is a familiar face in the area. The 33-year-old is a WNBA All-Star who has played for several teams in the league, as well as internationally, and was the second pick in the first round of the WNBA Draft in 2009. She is currently playing for France’s Tango Bourges Basket team, and said in a statement about the legalization efforts in Maryland, “Sports betting has been going on forever. It’s not like Marylanders aren’t betting on sports. This gives us the opportunity to regulate it and make sure there is protection in place for the consumer.”

As most people have (smartly) realized, sports gambling exists, whether it’s in a regulated market or not. The reversal of PASPA in 2018 paved the way for a number of states to introduce and approve legislation to allow sports gambling, and this number is expected to reach around 30 by the end of next year. Maryland could be one that is added to the growing list, especially as it can now only sit back and watch as neighboring states, including New Jersey, Delaware and West Virginia, poach paying customers through their legalized and regulated markets. 

Macau leaders now have legal grounds to close casinos in an emergency

Macau, for the most part, runs on casinos. At least, that’s how it has been in the past. The city is evolving and looking to become a more well-rounded tourist destination but, in the meantime, gambling is still a major source of income. Gaming operators, just like any other business, don’t like the thought of having to shut down their operations unless it’s absolutely, unequivocally the only alternative. There have been several instances in Macau where the city’s government and its casinos reached a pact to partially close the facilities for the good of the people, such as with Typhoon Hato in 2017, or fully, like was necessary because of COVID-19. Going forward, such pacts won’t be required, as the city’s government now has the legal authority to order casinos to close. 

As of yesterday, in accordance with Macau’s new civil protection framework, the city’s chief executive can make the decision to shut down one or more casinos that could be considered particularly vulnerable in an emergency, such as flooding, typhoons or security risks. Any emergency that has the potential to be hazardous to people can be included under this guidance, with the government able to make the determination on what constitutes a threat. The law stipulates that it can be used for a single casino or the entire industry, depending on the situation.

After Typhoon Hato attacked Macau with 124 mph winds and causing the death of ten people, Typhoon Mangkut roared into the city the following year. As a result, Macau’s leaders and casinos agreed to the first-ever city-wide closure ahead of the storm, which may have served as the catalyst behind the recent change in legislation. At the time, there was debate over whether or not the city had the authority to order casinos to be closed and, in order to prevent any dissention going forward, the new law makes it perfectly clear.

Macau’s casinos, according to existing gaming laws, have to open every day. However, they can suspend their activity in certain circumstances if government approval is granted. Now, in addition to the government being able to order closures, a casino operator can make the call to shut down without requesting approval, but must inform the government when the decision is made. As with the chief executive’s new authority, the closure should only be due to an event that threatens public safety.

Artur Martirosian leads WPT World Championships Main Event with 24 Left

Day 2 of the World Poker Tour’s World Online Championships Main Event saw 156 players reduced to just 24 as the Russian professional Artur Martirosian once again flexed his poker prowess at the expense of the opposition.

With a massive $10.1 million prizepool in place, Martirosian took full control of Day 2 as he bullied his way up to 30 million chips to take the chip lead with the final day on the horizon.

Play got under way with 156 players, but only 136 of them would make the money. Plenty of big names missed out on profit, with GPI end boss Alex Foxen and Christian Jeppsson both busting before the bubble burst. When it did, the last player to leave without cashing out a return was Ioannis Angelou-Konstas, and he preceded a flurry of min-cashes and double-ups.

Among those to crash out early but with a five-figure sum going into their partypoker accounts were Team partypoker’s Jason Koon (131st for $23,253), Jake Schindler (130th for $23,253), and Anton Wigg (123rd for $23,253).