Tuesday, September 18, 2018

Further expansion plans for Tigre de Cristal revealed

World Casino News
Further expansion plans for Tigre de Cristal revealed

In eastern Russia, the state-run Primorsky Krai Development Corporation has reportedly revealed that the coming second phase of the Tigre de Cristal integrated casino resort is set to feature a substantial shopping center as well as an indoor beach club. Development to feature artificial beaches: According to a report from GGRAsia, the information was included […]

Evolution signs agreement with Les Ambassadeurs Club

Casino News Today
Evolution signs agreement with Les Ambassadeurs Club

Leading provider of Live Casino solutions, Evolution Gaming, has announced that it has signed an agreement with Les Ambassadeurs Club, one of London’s most distinguished gambling clubs. Under the terms of the agreement Evolution will operate a Mayfair Salle PrivĂ©e Live Casino studio within the venue and also install Dual Play Roulette and Baccarat ‘convergence’ tables on the club’s gaming ...

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Formula One Inks Historic Sponsorship Deal to Launch Live Betting

Casino News Daily
Formula One Inks Historic Sponsorship Deal to Launch Live Betting

Formula One, the highest and most prestigious class of auto racing sports in the world, has surprisingly changed its years-long attitude towards sponsorship by bookies on Tuesday. The brand’s owner, Liberty Media, announced it has signed a sponsorship and data rights deal with Interregional Sports Group and Sportsradar.

As part of the groundbreaking partnership, the first ever F1 betting offering will be created, allowing fans to place live bets on the competition. According to an official press statement, released Tuesday, the deal enables the development of in-play betting markets. For the first time in the history of Formula One, millions of people around the world will be able to wager easily on Grand Prix.

This is the first strategic partnership for Formula One and according to media reports in The Edge, the contract between Liberty Media and the two companies costs US$8 billion. The Financial Times estimates that the deal will be worth at least $100 million over the next five years. Interregional Sports Group (ISG), which is a London-based marketing agency, will grant betting partnership rights to various betting brands in regulated markets. This will include on-screen graphics, trackside signage, as well as digital integration with the social platforms of Formula One, the statement reveals.

Although the details of the deal are still unclear, ISG would make an upfront payment to Formula One and then, it would sell the access rights to gambling companies. The other company in the partnership is Sportsradar, a sports betting and data analyzing firm, headquartered in Switzerland. According to the press release, the company and its Fraud Detection System will provide assistance with the safety and integrity policies. It already works with various rights holders and helps them prevent and fight match-fixing. Some of these leagues are NBA, NHL, FIFA, World Rugby, ITF, UEFA, AFC, and more.

F1’s First Betting Sponsorship Deal in 40 Years

During Bernie Ecclestone’s era, which continued for 40 years, the endorsement from betting companies was not allowed. Ecclestone who ran Formula One since the 1970’s did not want the brand to be associated with gambling in order to preserve its glamorous image. Most sports, leagues, and teams, on the other hand, have signed multi-million sponsorship deals with sports betting and gambling companies over the years. Such partnerships have increased in value in recent years, earning fortunes to some of the most successful teams in the world.

The deal with ISG and Sportsradar will not only allow fans to place live bets but it will also enable advertisements to be displayed on electronic billboards track-side. Gambling brands will be flashed on the track and on-screen during televised races. After this partnership takes into effect, Formula One will become a lot like English football, for example. This season, 17 of all 24 Championship clubs and 9 of all 20 Premier League clubs are sponsored by sportsbooks, which names are clearly displayed on footballers’ shirts.

The move is an important shift in the business strategy from what was practiced over decades under the previous owner. But it also comes in a time of controversy regarding the influence of gambling giants on sports groups and major sporting leagues. For this season, Formula One has 21 races which take place worldwide. Some of the countries where they are held, however, prohibit or restrict gambling ads during live broadcasts.

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MGM, Wynn tamp down Boston casino intrigue

Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...

Monday, September 17, 2018

Starlight Casino Edmonton to officially open next week

World Casino News
Starlight Casino Edmonton to officially open next week

In western Canada, casino operator Gateway Casinos and Entertainment Limited has announced that its $43 million transformation of the Palace Casino into its new Starlight Casino Edmonton has been completed and is to be officially opened on September 26. Plethora of gaming attractions: The Vancouver-based firm used a Friday press release to reveal that the […]

Visitor Numbers at MGM Springfield Exceed Expectations

Casino News Daily
Visitor Numbers at MGM Springfield Exceed Expectations

The number of daily visitors at the recently opened MGM Springfield has been around 50,000 on average during weekends and approximately 25,000 on weekdays, which significantly exceeds expectations. Revenues have also been higher than initial projections, casino officials told state regulators.

MGM Springfield, a $960 million investment by MGM Resorts International, opened on August 24 as Massachusetts’ first commercial casino resort. Since its grand opening, which was marked by huge celebrations and music performances by the likes of Stevie Wonder and Dropkick Murphys, the resort is seeing a surprisingly large attendance, especially during weekends. Daily visitors are averaging 50,000, while the numbers are half during weekdays, MGM Springfield President Michael Mathis said last week at a meeting with the Massachusetts Gaming Commission.

According to him, the operator’s early projections were rather modest compared to the actual figures reported so far. The company had estimated that there would be between 15,000 and 20,000 visitors a day. In reality, around 25,000 on average visit the integrated casino resort on weekdays. Revenues are also showing great potential, although it is too early for conclusions as the casino opened less than a month ago. As expected, Mathis did not share specific figures.

During the Thursday meeting, casino officials also reassured the Gaming Commission that they the facility is complying with all regulations. As a result, the state regulator voted unanimously to grant MGM Springfield a permanent certificate of operations. Until now, it was operating under a temporary license. The state receives 25 percent of the gross gambling revenues generated by the 14-acre facility. According to earlier projections, MGM could earn around $500 million in winnings, which would translate to roughly $125,000 in taxes for the state. Still, there are no clear figures on the revenues generated so far.

New Policies to Keep Minors Off Casino Premises

All seems to be going well for the new casino resort. Several issues have been reported by the MGM Springfield, however, with underage access to the casino being the most serious one. There was a case when minors were discovered on the casino floor, which is a clear violation of Massachusetts law. The operator has, since then, taken steps to stop and prevent underage gambling, Mathis explains.

One of the measures states that individuals under the age of 16 will not be allowed at the facility if they are not accompanied by an adult. In addition, people under the age of 21 will not be able to enter the casino after midnight. The only exception is made for the guests at the resort who may be staying with their family members.

Of course, there are lots of non-gambling amenities at MGM Springfield that can be visited by both adults and youngsters. They include restaurants and retail stores, a bowling alley and a movie theater, slated for an opening very soon. The outdoor plaza is a popular venue for concerts, comedy performances, group yoga classes, etc. There is also a spa and fitness center with a swimming pool.

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