Monthly Archives: May 2017

Pennsylvania pol seeks to okay up to 25 ‘satellite casinos’

Pennsylvania’s rapidly multiplying gambling expansion proposals are turning the state into a gamblified version of Baskin Robbins, although stakeholders are finding many of these new flavors leave a sour taste in the mouth.

The Pennsylvania state Senate’s Community, Economic & Recreational Development (CERD) committee will hold a hearing on Tuesday to discuss HB 271, one of the many work-in-progress gambling expansion bills vying for legislators’ attention in the dying days of the current session. While intrastate online gambling appears to be a shoe-in for making the bill’s final text, the rumored tax rate and other provisions could doom the bill’s chances for further progress.

Enter state Sen. Camera Bartolotta, a man who clearly never heard the phrase ‘too many cooks.’ Bartolotta filed a memo on Monday signaling his intention to introduce new legislation that makes no mention of online gambling but would authorize “satellite casino locations,” a concept that you know the state’s current 12 brick-and-mortar casino operators are just gonna love.

Bartolotta’s plan is to allow “up to 25” of these satellite gaming venues, each of which would be allowed to offer 500 gaming machines but no table games. However, they could offer off-track betting (OTB) or “other legalized games of chance.”

Uganda launches crackdown on unauthorized gambling operators

Uganda has launched a nationwide crackdown on illegal gambling operations in advance of the government introducing new laws to manage the sector.

Late last week, inspection teams led by Uganda’s Lotteries and Gaming Regulatory Board began fanning out across the country, targeting gambling businesses deemed to be operating either without formal approval or failing to comply with the terms of their license.

The total number of targeted businesses is unknown, but New Vision reported that 28 unlicensed gaming and betting shops had been closed in the country’s capital Kampala. The closed shops were guilty of a variety of infractions, including lack of proper licensing, operating too close to schools or being smaller than the required minimum size of 30-square-meters.

Prior to unleashing the inspectors, Regulatory Board CEO Edgar Agaba held a media conference (see video below) at which he warned that he’d directed the nation’s telecom watchdogs to shut down an estimated 500 online betting sites currently serving Ugandan punters without the government’s permission.

SKS365 bites off bigger piece of Italy’s online gambling market

Sports betting operator SKS365 Group surged to second place in Italy’s regulated online sports betting market in April.

Figures compiled by Italian gaming news agency Agimeg.it showed overall land-based and online sports betting handle in Italy’s regulated market topping the €1b mark in April, of which nearly €542m was wagered online.

April’s overall handle was nearly 63% higher than the same month last year. Italian-licensed sports betting operators reported revenue of €149.5m, more than twice the sum generated in April 2016. Online betting revenue was up over 93% to €56.6m.

As ever, Bet365‘s Italian site dominated the online sports betting chart with a 29.4% share, but it was April’s runner-up that made the biggest impression. The local operations of Austria’s SKS365 Group leaped into second place with an 11% share, dethroning perpetual number two Eurobet, part of the Ladbrokes Coral family, which sank to third with an 8.9% share.

Crown Resorts sells entire stake in Melco Resorts & Entertainment

Australian casino operator Crown Resorts is shedding its remaining stake in Melco Resorts & Entertainment (MRE), bringing an end to its decade-long international joint venture operations.

On Monday, MRE announced the launch of a public offering of nearly 28m American depositary shares, equal to 165m ordinary MRE shares, following MRE’s repurchase of Crown’s remaining stake in the joint venture, which operates casinos in Macau and Manila.

MRE said it expects this transaction to take be complete by May 15, as of which time “Crown Resorts will no longer hold any shares in Melco Resorts.” The transaction won’t dilute MRE’s shareholding, nor will it affect the size of stake held by MRE’s controlling shareholder Melco International Development Ltd, which will remain at 51.2%.

One year ago this month, Crown began reducing its 34.3% stake in MRE’s predecessor, Melco Crown Entertainment, as part of a sweeping refocus of Crown’s business on its domestic properties. Crown initially reduced its MCE stake to 27.4%, then further reduced its holdings to 11.2%, after which MCE announced its rebranding as MRE to reflect Crown’s diminished role.

Mohegan Sun, Incheon Airport ink new casino agreements

U.S. tribal casino operator Mohegan Sun has forged new agreements with Incheon International Airport Corp. (IIAC) in connection with the planned casino project in Incheon, South Korea.

Mitchell Etess, president and chief executive of Mohegan Sun, announced that it signed a development services agreement with IIAC concerning the construction of Inspire Integrated Resort. The casino project is a consortium among Mohegan Sun, IIAC and South Korean chemicals manufacturer KCC Corp.

Under the said agreement, Mohegan Sun will receive US$40 million over the development period for the project.

He described the agreements signed as “important” in order for the project to move forward. The consortium is targeting the construction of Inspire to begin late this year or early next year. The casino operator expects the construction to be finished in three to four years.