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Gambling Industry Announcement and Partnership Roundup – November 24, 2020

In the fast-moving world of gambling, sometimes you might miss news that could be important to you. To make sure you’re all caught up on gaming industry news, be it online or brick and mortar, we’re rounding up the some of the announcements and partnerships from the last week that you might have missed.

Don’t miss out on all of the latest announcements. Our Press Release section is updated constantly.

Caleta Gaming releases their 3rd game this month!

Princess of the Ocean is the title of the new game Caleta Gaming has just released. It features a beautiful pirate princess and her adventures in her ship looking for treasure, it has generous multipliers and varios free spins to keep players on their toes in this exciting new game with excellent performance cross platform.

European gambling stunted by overregulation: SiGMA Europe

SiGMA Europe, the Virtual Expo, has begun, and it’s already started warning the continent that things are getting rough. The first panel of the day, “2020 in a Nutshell”, warned legislators that Europe may fall behind the competition if new regulations continue to clamp down on the industry.

The Covid-19 pandemic has a lot to do with why operators and regulators are concerned about the new status-quo, as it has sometimes led to legislator overreach. “The truth is that the situation has changed,” said Yanica Sant, Head of International Affairs and Policy, Malta Gaming Authority (MGA). “The attitude has changed, the world has changed, it’s become more regulated.”

From her perspective, operators would be wise to not test limits at this time. “The truth is there is a higher price to pay, not just financially, but as the public perception becomes worse, so do the legislative initiatives become stricter,” she said.

Maarten Haijer, Secretary General for the European Gaming and Betting Association (EGBA), said that there is a balance to strike for regulators and legislators as well. If operators can’t advertise and becomes less attractive betting options than their international counterparts, customers will vote with their wallet. “Clearly, the position of Europe will be relatively weakened compared to especially the US jurisdictions,” he said.

Which Tribal Casinos are open and closed for Thanksgiving

As Americans get ready for the long Thanksgiving weekend, many are trying to figure out what they will do as the Covid-19 pandemic continues to run wild through the country. Lots of Tribal casinos have announced what they’ll be offering, and we’ve got a run down for you of each.

Casinos that are open for Thanksgiving

The Four Winds Casino in New Buffalo, Michigan will be open, but it has closed its arcade and kids play area. If your kids are aged six weeks to 12 years old, they’ll need to find something else to do if you hope to dine and play.

Offerings from the Saginaw Chippewa Indian Tribe will remain open, despite a new pandemic order from the state of Michigan. “Our gaming operations are part of an economic development that pretty much funds 95 percent of the essential services that we provide to our tribal membership,” said Frank Cloutier, Public Information Officer. The tribe operates the Soaring Eagle Casino in Mount Pleasant, Michigan, Saganing Eagles Landing Casino in Standish, Michigan, as well as the Soaring Eagle Waterpark and Hotel, Soaring Eagle Hideaway RV Park, Waaboose Run Golf Course, Eagle Bay Marina, and Retreat at Soaring Eagle.

US President-elect Biden shows interest in nationwide sports gambling

A report recently released by financial website MarketWatch regarding sports gambling in the U.S. slipped under most radars. The media outlet reported (paywall) about ten days ago that having Joe Biden in the White House as the next President of the U.S. might have a positive impact on nationwide sports gambling. Stopping short of saying that he would legalize federal sports gambling legislation, MarketWatch points out that Biden is interested in supporting the activity on the federal level, while still allowing states to control their own fate. 

MarketWatch points out that Biden could “support the federal government getting more involved in setting federal guidelines for sports betting,” adding that the President-elect “believes states and federal authorities should cooperate to ensure that gaming is safe, fair, and corruption-free.” This would seem to indicate that Biden might help ensure a nationwide rollout of sports gambling in some capacity, while maintaining a hands-off approach to establishing and regulating a single, nationwide plan. 

This would potentially be good news for the country, as having a federal regulatory framework could make it easier to establish parameters for expanded sports gambling options. For example, it might be possible to see interstate gambling collaboration, something that has been virtually impossible because of the still uncertain definition of the federal government’s Wire Act. It also might make it possible for online sports gambling to become more prominent, even within individual states. 

MarketWatch and the Wall Street Journal are both owned by Dow Jones and Co., and both have their fingers on the pulse of financial and legislative activity across the country. Should Biden decide to address sports gambling, MarketWatch asserts that this would lead to the creation of a single regulatory framework, which would also make it easier on gaming operators. Instead of having to conform to separate regulations that are created at the state level, operators could, perhaps, only need to adhere to one set of guidelines implemented at the federal level. 

Malta and Colombia are stepping up anti-match-fixing efforts

Concern over sports integrity is one of the main reasons it took so long for sports gambling to come to the U.S. However, there are integrity issues seen in every aspect of everyday life. This is why regulatory bodies exist to try to reduce potential fraud, scams and thievery. There are methods that can be utilized to cut down on illegal activity, or at least to punish those found to have broken the rules, and anti-match-fixing operations are becoming SOP for sports. Colombia and Malta are doing their part to help control sports integrity with new initiatives that they hope will have a major impact. 

Colombia, through the Colombian National Committee for the Prevention of Manipulation of Sports Competitions, is determined to be a leader in sports integrity. It is dedicated much of its efforts through the end of next year to campaign for better integrity measures and to increase transparency in sports. Members of the committee are required to promote awareness and to develop training programs that will help prevent match-fixing, and will also have to launch public awareness campaigns that will educate the general public on the problems associated with the illegal activity. 

Gaming operators in the country, and even the government, are leading the way to ensure integrity. Companies like BetCris and Dimayor have been proactive in fighting match-fixing in Colombia, as well as across Latin America, and their efforts are likely to increase going forward. It’s in their best interest, as match-fixing not only derails respect for sports, but can cost companies, and governments, millions in lost revenue. 

Last month, the Malta Gaming Authority (MGA) introduced new regulations that require entities to report suspicious gambling activity. The regulatory body is now turning up the heat and has launched the beta version of a new website that will allow B2C licensed sports gambling operators to report that activity more easily to the country’s newly-created sports integrity monitoring unit. 

Extension of iGaming deposit limits in Sweden a non-issue

In order to protect its citizens during the COVID-19 pandemic, Sweden decided it would be a good idea to limit iGaming activity, implementing restrictions on how much money could be deposited and what type of bonuses could be provided by licensed operators. Billed as “temporary” restrictions, the limits are not going anywhere anytime soon, as they were just extended again, this time until the end of next June. However, these restrictions could be viewed as almost irrelevant, as Swedes are apparently clueless when it comes to separating licensed from non-licensed gambling platforms. As a result, it’s easy to deduce that more than a handful of gamblers are still sending their money to non-licensed operators. 

A survey (pdf) just conducted by the Swedish Gambling Authority (SGA) revealed something interesting about Swedes and gambling. The gaming regulator interviewed 1,737 people and learned that 95% don’t know whether or not a site is licensed, or how to tell the difference. Four out of five indicated that they “probably” played at a licensed site, but couldn’t positively confirm that they had – or that they had not. 

Sweden updated its gambling laws last year, and the results of the survey reflect the same numbers that were seen last year. Only 3% could definitively say that they had not gambled through an unlicensed operator, which means 97% could have, even if they didn’t realize it. This led Mattias Folkesson, a manager for online casino comparison site casinodealen.se, to assert, “The re-regulation took place largely to increase players’ security, which is why it is worrying to learn that so few Swedes know how to see if a brand has a license from the Swedish Gambling Authority. It is important information that those responsible do not seem to have communicated clearly.”

The survey showed that gambling continues to gain popularity in Sweden, as well. In 2020, 66% of those surveyed acknowledged having gambled, while only 60% responded positively last year. However, with responsible gaming now being more of an issue than ever, Sweden has apparently missed the mark in educating the public on where to go if they think they have a problem, with 81% indicating that they didn’t know where to go if they have a problem. 

Soccer games get a kick from Bodog bettors this past weekend

The trend that started when NFL and college football action got underway continues on Bodog, with the sportsbook seeing most of the action on football games this past weekend. However, soccer matches in both North America and Europe also proved to be enticing and made an impact on the final numbers. Although they didn’t capture nearly as much attention as football, they still accounted for five of the top ten spots on the sportsbook. 

Heading the top-ten list on Bodog this weekend, the NFL maintained its usual spot with 42.64% of the wagers. Only slightly behind was college football, which captured 42.01% of the bets. Ultimate Fighting Championship (UFC), which featured Deiveson Figueiredo and Alex Perez in the flyweight main event (and even Beyonce’s “Halo”), was a distant third at 4.37%. The ATP World Tour Finals took 3.41% as Daniil Medvedev overcame Dominic Thiem on Sunday for the single’s title. 

Soccer was then responsible for five of the remaining six spots, broken up only by table tennis, with 1.17%. Major League Soccer in North America grabbed 1.76% of the wagers, followed by the Premier League with 1.65%. Premier League Live wagers proved interesting, as well, getting 1.06% of the attention on Bodog. Germany and Spain made it on the list, as well, even if they only squeaked on. The German Bundesliga took 0.97% of the wagers, while Spain’s La Liga was responsible for 0.93%. 

It’s possible that, one day, soccer or basketball could prove to be as strong with gamblers as football, but that won’t happen anytime soon. On Bodog, the NFL game between the Kansas City Chiefs and the Las Vegas Raiders saw the most action, grabbing 26.53% of the share. As expected, the Chiefs won, but only by a four-point margin. The matchup between the Green Bay Packers and the Indianapolis Colts was also a hot one, taking 14.42% of the wagers. The Colts, favored to win at -125, pulled off an OT victory and now have their eyes firmly on a playoff spot.

Indiana’s Spectacle investigation grows, threatens new Gary casino

Actions by certain individuals with ties to Spectacle Entertainment aren’t only hurting the casino operator’s reputation, but that of Hard Rock International (HRI), as well. Spectacle became the target of the Indiana Gaming Commission (IGC) this past January due to its ties with another gaming company, Centaur Gaming, that ultimately led to former Spectacle VP John Keeler being indicted on campaign fraud charges. If those close to the company thought this might be the end of the drama, they were wrong, and the IGC’s investigation is growing. This could ultimately lead to Spectacle losing its gaming license, which would threaten the $300-million casino it has been building with HRI in Gary. 

The IGC is reportedly investigating over ten people whose names have surfaced as being linked to Spectacle. They either currently have, or have previously held, licenses with the company, or with its Centaur predecessor. In a meeting held by the regulator yesterday, IGC Executive Director Sara Gonso Tait told the commissioners that all of these individuals are now being considered for possible revocation of gaming licenses, which could put Spectacle out of the picture. 

Tait added, “The scope of our review covers financial transactions, ownership transfers, contracts, failures to disclose, improper utilization of funds, improper accounting practices, failure to act within the occupational licensure parameters, ex parte communications and other actions and situations falling outside of those good moral character and integrity standards detailed throughout Indiana statutes and regulations.”

The next step could be the nail in the proverbial coffin for anyone with ties to Spectacle and/or Centaur. The company is already being led by a trustee-in-waiting, an individual appointed to oversee the company’s operations until a new entity buys them. Tom Dingman, a former executive with Harrah’s, is Spectacle’s trustee-in-waiting, and the IGC is almost ready to determine if the company needs to be dissolved or if there’s any reason to give it another chance. Susan Williams, another IGC commissioner, asserted during the meeting, “I would say maybe within the next two weeks to 30 days, we need to have something in our hands that gives us some level of comfort that this operator is either going to be with us or going to be gone.”

Florencia Brancato says to be on the ground if you want to know LATAM

As we heard repeatedly at SiGMA LATAM in September, the LATAM region is not a monolith. Each country has its own culture, and catering to those different requirements requires some planning. We learned from an expert as our Becky Liggero Fontana sat down with Florencia Brancato, Marketing Consultant for LATAM, to understand what works.

Liggero Fontana began by asking where companies should consider placing their call centers. “For some companies, something is working, and for others its different,” Brancato responded. “For example, one of the companies that I used to work, they have a call center here in Uruguay, but they focus only in Portuguese and Spanish speaking people. When you want to do it more globally, you need someone to speak English as well or other language.”

https://www.youtube.com/watch?v=83NSEAHHGd4&feature=youtu.beVideo can’t be loaded because JavaScript is disabled: Florencia Brancato says to be on the ground if you want to know LATAM (https://www.youtube.com/watch?v=83NSEAHHGd4&feature=youtu.be)

Brancato gave her tips on how to offer the right languages, but also with the right dialects. “My recommendation is to have it locally in any country of LATAM because they speak Spanish and also you have people who can speak Portuguese,” she said. “The main thing is the Portuguese need to be from Brazil, not from Portugal, and the Spanish need to be from LATAM, not from Spain, otherwise its going to be difficult.”

Summit Ascent is on the Ascent

Summit Ascent, still the main investment choice in the budding Primorye region of Russia, is breaking out. The casino continues to be one of my favored long term holds in the gambling industry, and I see no reason why that should change any time soon. Russia continues to be one of the more stable regions in the world right now, politically, monetarily, and socially.

Politically, there is no danger of a major breakup as there is in Europe or the United Kingdom, both of which may see their unions disintegrate in the near future. Monetarily, Russia has remained conservative and responsible throughout the pandemic, not increasing government spending that much as other western countries have been spending in ways that would embarrass a particularly profligate drunken sailor. Socially, Russia is gradually opening up its borders, and Vladimir Putin has indicated that the country plans no future lockdowns for any second wave.

As to the social point, the latest move by the Russian Foreign Ministry to open up travel from 16 countries including Primorye’s next door neighbor Japan, probably has something to do with Summit’s 100% plus rally since the beginning of October. Make your own judgments as to the wisdom of this of course, but the fact that Russia is specifically opening up in the midst of a second wave and a new high in daily coronavirus deaths, I believe is proving to investors that the lockdown days in Russia are in fact over, come what may. Since Russia is pretty much in the grip of Putin, what he says goes, and he says lockdowns are over. For better or worse, it’s not like other parliamentary democracies where policy decisions have to be made through long drawn out bureaucratic process with a million different pressure points and no one person making any decision. Things go faster, and there is less uncertainty. That has its dangers, obviously, but also its advantages.

Travel has not opened up with China yet, but it will eventually, and when it does, I believe Summit Ascent will take off. In the meantime, the company is digging in its heels, and is in a good position to hibernate for a long time without any strategic or existential danger to it. This it says straight out in its latest interim report page 7 (which could use some copy editing, but I’m pasting it here as is):

UK gambling ops get rare praise for reducing ads on kid-friendly sites

UK gambling operators have received rare praise from the local advertising watchdog for reducing the number of gambling promos on ‘kid-friendly’ websites.

Last Friday, the Advertising Standards Authority (ASA) released the latest report on its new program of occasionally ‘sweeping’ the interwebz for signs of ‘age-restricted’ advertising appearing in children’s media.

In the previous report this summer, the ASA’s search of 50 YouTube channels and kid-friendly sites found 159 incidents of age-restricted ads, of which nearly half involved gambling. The other verboten products included alcohol, e-cigarettes/tobacco, weight control products and food high in fat/salt/sugar (HFSS).

In the most recent report, the ASA scanned 49 websites and seven YouTube channels from July to September 2020, ultimately detecting 127 age-restricted ads posted by 44 different advertisers. Miracle of miracles, only five gambling ads from three operators were found on six sites and zero YouTube channels.

Ocean Casino Resort is Atlantic City’s only profit gainer in Q3

Ocean Casino Resort was the sole Atlantic City gaming venue to post an annual operating profit gain in the third quarter of 2020, while the normally omnipotent Borgata only narrowly staved off a rare operating loss.

Figures released Monday by the New Jersey Division of Gaming Enforcement (DGE) show AC’s nine casinos (and its two online-only offshoots) generated net revenue of $629.3m in the three months ending September 30, down 32.3% from the same period last year. For the first nine months of 2020, revenue is down 44.4% to slightly less than $1.35b.

The market combined for an operating profit of just $150.5m in the most recent quarter, down 37.2% from Q3 2019. However, that’s a damn sight better than the $112m loss the casinos reported in Q2 2020, during which all of their land-based operations were shut due to COVID-19 and the market was forced to rely on its online casino and sports betting options.

Ocean Casino Resort (OCR) posted an operating profit of $24.4m, up nearly 139% year-on-year as the property finally put its 2018 (re)opening costs behind it. Apart from the two online-only operators, the closest any other casino came to posting a net year-on-year improvement was Bally’s AC, which saw its Q3 profit decline only 8.3% to $13m.

Golden Nugget casino secures online market access in W. Virginia, Illinois

New Jersey’s leading online casino operator Golden Nugget is out to prove that its Garden State dominance is more than just a fluke.

On Monday, Golden Nugget Online Gaming Inc (GNOG) announced that it had secured West Virginia online gambling and sports betting market access through a deal with the Greenbrier Hotel Corporation, which operates the swanky resort of the same name.

The deal, which is subject to GNOG securing local regulatory approval, will see GNOG pay Greenbrier an undisclosed percentage of online gambling revenue, subject to minimum royalty payments over the term. The parties also exchanged the usual platitudes about how their lives were miserable and incomplete until they met.

The Greenbrier previously inked a similar deal with the FanDuel Group, which launched mobile sports betting in August 2019 but has yet to follow up with an online casino product. At present, West Virginia has only two online casino options; DraftKings and BetMGM (the latter outfit also operates off the Greenbrier’s online permit).  

Tyson favored over Jones in Saturday exhibition bout

Odds courtesy of OddsShark.com

One could argue that the popularity of boxing in the United States and Canada started going downhill fast one Mike Tyson’s reign atop the heavyweight division ended. When Tyson was in his prime, there was nothing like one of his fights as he was the biggest and baddest athlete on the planet.

 

“Iron Mike” returns to the ring, somewhat, on Saturday night from Staples Center in Los Angeles against fellow boxing legend and former four division champion Roy Jones Jr. for an eight-round exhibition available via pay-per-view. There will be judges but no fans in attendance. Yes, this is what boxing has come to as it now lags far behind the UFC in terms of popularity. The two were originally set to meet on September 12, but the fight was postponed.

Sweden reins in land-based gambling as operators protest online curbs

Sweden doesn’t appear interested in revising its pandemic online casino strategy even as COVID-19 forces the government to revise its land-based gambling strategy.  

On Monday, Sweden’s Spelinspektionen gambling regulatory body announced that restaurant casinos and other alcoholic watering holes featuring slot machines will need to halt gambling activity after 10pm each night. The new rules, which took effect Friday (20), are currently slated to extend through the end of February 2021.

The change comes as the government ordered a halt in the sale of alcohol between 10pm and 11am each day in a bid to blunt the sharp rise in new COVID-19 infections over the past month or so. Along with the alcohol curbs, the number of Swedes allowed to gather in public has shrunk from groups of 50 to just eight.

Sweden formerly bucked the global pattern of strict lockdowns, relying instead on optional recommendations that initially seemed to be achieving the elusive ‘herd immunity.’ But the country’s number of cases is nearing 210k while deaths have jumped to over 6,400, leading Prime Minister Stevan Löfven to issue blunt instructions on Sunday to cancel or postpone “all the things you would like to do but that are not necessary.”

Pascal Lefrancois wins CPP Super High Roller for $585,175

The latest partypoker Caribbean Poker Party event has been completed and the $25,000+$500 Super High Roller was only for the nosebleed-stake players.  

With interest from around the world, the final seven players would cash, and it produced an exciting final table of action to round out the event.  

The final table kicked off as it went along, at a fast pace and with plenty of drama. American player Daniel Colpoys was the first player to leave the action as Colpoys moved all-in with pocket jacks and was coolered by Stoob Claas’s pocket aces.  

Team partypoker ambassador Isaac Haxton would bust in 6th place as he was rivered by a one-outer. Haxton had pocket sevens, which had picked up a set against Trickett’s pocket aces. With an ace already having been folded, ‘Tricky’ was drawing to one out, but it popped up on the river to condemn Haxton to the rail.  

Seven Poker Quotes from World Champions to inspire you

Having a champion kind of week? Maybe your Monday started like getting one-outered on the river. If so, never mind! We have seven quotes from World Series of Poker Main Event World Champions for you to absorb and be inspired by.

Despite protestations to the contrary, we haven’t included any from WSOP $5,000 Rebuy Main Event Stoyan Madanzhiev, although as he told us himself last week, maybe he should be considered a World Champion too.

Let’s seek solace in these wise words from seven World Series Main Event winners.

“I respect anyone that pulls a chair up to a poker table, no matter what the stakes are.”

Champions League sportsbetting preview

This week sees the return of the UEFA Champions League and while there will be hope in the hearts of players from such legendary teams in the competition as Real Madrid, Manchester United, Barcelona and Bayern Munich, there may be more expectation coming from some camps compared to others.  

The Champions League has long produced the kind of football that other club competitions can only dream of. Not only is the tournament filled with the best of the best, that somehow filters through to the kinds of goals we see week in, week out.  

Check out these Champions League classic goals as a warm-up to the sportsbetting preview of the midweek action that lies ahead.  

https://www.youtube.com/watch?v=08GY0GusyCc&list=PLhjLO-ekrsRu1FXl1Sx3yAl0pL_5c75bvVideo can’t be loaded because JavaScript is disabled: BABEL, IBRAHIMOVIĆ, KAKÁ: Classic #UCL Matchday 4 GOALS! (https://www.youtube.com/watch?v=08GY0GusyCc&list=PLhjLO-ekrsRu1FXl1Sx3yAl0pL_5c75bv)

Which Premier League Player is most important for Each Club?

The first nine games have been completed for most of the club in the English Premier League, and while most fans have got their club favourites, not many get it right.  

Who are the most successful players for each club, and what makes them so? Well, it’s not Fantasy Football, where assists, bonus points and clean sheets count for bundles. This is the business end of actual accountability, and as discovered in this study by sportsbetting site Betting Expert, it’s wins that counts.  

Yes, the Premier League’s most successful players are the ones that lead to more points being accumulated, it’s as simple as that in a league format. So, who has been the player to beat for your favourite English Premier League team? Let’s take a look at the whole list.  

Highest Player Win% per Premier League club (minimum 5 appearances):   

Aussie casinos juggle pandemic limits as Blackstone eyes struggling Crown

Australian casinos continue to frantically revise their pandemic operating conditions, while the embattled Crown Resorts is once again the subject of takeover talk.

This weekend, casino operator SkyCity Entertainment Group announced that its Skycity Adelaide property would reopen Sunday (22) on a limited basis following the South Australian government lifting certain restrictions imposed last week due to a new COVID-19 cluster in Adelaide (sparked by a pizza worker’s lies to local officials).

For the time being, SkyCity Adelaide is restricted to the company’s Premier Rewards membership tiers and only 100 members will be allowed onto the gaming floor at any one time. The property is also imposing the standard physical distancing measures, including limits on the number of gaming machines in operation and the number of people allowed at each gaming table.

Meanwhile, next door in the state of Victoria, Crown Melbourne announced that new Restricted Activity Directions issued by state officials will cap the property’s total capacity at 1,000 patrons, with each indoor space limited to 150 patrons or one person per four square meters, whichever is less.