Month: November 2021

The results were recorded by the AGA’s commercial gaming tracker.

The second quarter results came in at $13.64bn, meaning that revenue grew by 1.8% when compared to Q2. Compared to novel coronavirus-(Covid-19)-hit Q3 of 2020, revenue rose by 53.8%.

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This total came on wagers worth $591.8m, the second-highest recorded by the state, after March’s $627.6m. This was up significantly from $394.0m in August and $305.1m in September 2020.

Online betting made up almost all of the total, at $37.6m. This was just short of seven times the total recorded in September 2020 as players wagered $566.0m, almost exactly double the amount wagered the year prior.

Retail betting brought in the remaining $2.4m, up 64.8%. This came on bets worth $25.8m, a 16.8% increase from 2020.

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Archie, Peyton, Eli and Cooper Manning will be featured in advertising for the sportsbook and make live event and commercial appearances in partnership with Caesars.

“This isn’t the typical partnership between a sports betting company and major talent,” said Chris Holdren, co-president of Caesars Digital. “We’re welcoming the most acclaimed family in football history to be integrated holistically into the Caesars family. Archie, Peyton, Eli, and Cooper are extraordinary people who are champions of their communities and we’re honored to partner with such a prestigious group of individuals.”

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Prior to his role at 888, Romero had also worked Gaming Innovation Group (GiG) and – most recently – William Hill, where he also held positions relating to safer gambling. Before this, he had served at Jackpotjoy.

Romero was in his role during in the 888’s major acquisition of William Hill’s non-US assets in a £2.2bn deal. The acquisition is set to close in the first half of 2022.

Romero announced his departure via Linkedin.

“I’d like to let all my connections know that I have left my role as head of safer gambling at 888holdings,” he said.

“Thank you to all within the company, especially my fantastic safer gambling team who I will be missing. I will be looking for a new challenge in the new year. Excited to share what is next to come.”

Romero’s departure comes one week after Safer Gambling Week 2021.

The agreed total purchase price is $15.5m (£11.4m/€13.4m) on a cash and debt-free basis, with $12m of this to be paid on closing and a further $1m post-closing.

A further $2.5m will be settled through the issuance of new Raketech shares.

The number of Raketech shares issued will be determined by the volume-weighted Raketech share price 30 trading days prior to the closing date. The shares will also be subject to a lock-up period of 36 months following the completion of the transaction.

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McGrath is scheduled to take on his new roles from 1 November next year, subject to the receipt of necessary approvals.

Reporting directly to Crown Resorts chief executive and managing director Steve McCann, McGrath will join the operator after most recently serving as CEO of Accor Pacific, where he oversaw 397 hotels.

Prior to this, McGrath held senior executive positions in hotel groups including Southern Pacific Hotels (SPHC) and Rydges Hotel Groups.

“We are very excited to welcome Simon to the executive team at Crown, to lead our newest Australian resort in Sydney and oversee our hospitality offer,” McCann said. “Simon is a highly regarded executive who will bring to Crown his wealth of experience in the operation of luxury hotels and global hospitality businesses. 

“With Simon’s stewardship, we are confident that Crown Sydney will set the standard of excellence for all of our customers and guests.”

The appointment follows the publication of an inquiry into Crown Sydney earlier this year, which concluded that Crown was unsuitable to operate a casino at Barangaroo in central Sydney.

The New South Wales Independent Liquor & Gaming Authority formed the inquiry, led by former judge Patricia Bergin, in August 2019, and found evidence that Crown Sydney’s facilities and accounts were being used for money laundering.

Having determined that Crown was not a suitable licensee, the inquiry said its problems “stem[med] from poor corporate governance, deficient risk management structures and processes and a poor corporate culture”.

However, Crown may still receive a licence after carrying out a series of changes in recent months.

Last month, Crown was also found unsuitable to operate a casino in Victoria, though its licence was not revoked, following a report into its suitability for a licence conducted by the Victorian Royal Commission after the Bergin Report was released.

Another inquiry, this time carried out by the Western Australia Government, is set to end in March 2022. This inquiry will assess whether Crown is an appropriate recipient of a licence to operate in Perth.

Since the publication of the first report, Crown has made a number of senior personnel changes.

Steve McCann was named as the new CEO and managing director of Crown in May, replacing former CEO Ken Barton. McCann officially took up the position in October.

Most recently, Danielle Keighery was appointed to the new roles of chief corporate affairs officer and brand officer,

Revenue for the three months to September 30 amounted to $47.2m (£34.7m/€40.7m), up from $42.0m in the corresponding period last year.

Full House experienced year-on-year revenue growth across all but one of its business areas, with casino revenue up 1.2% to $32.5m, food and beverage revenue rising 26.8% to $7.1m and other operations, including sports wagering, up 173.7% to $5.2m. Hotel revenue was marginally down to $2.5m.

Breaking down this performance geographically, Full House’s casino activities in Mississippi generated the highest proportion of revenue, with the Silver Slipper Casino and Hotel seeing revenue reach $21.5m.

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Players aged 21 and over in the state will be able to place bets on professional, collegiate, and other sports contests at the DraftKings Sportsbook inside the Golden Nugget Casino Lake Charles.

Due to open on November 10, the temporary facility will feature six ticket cages, while a network of 30 self-service kiosks will be placed throughout the casino.

Plans are also in place to construct a permanent, 10,000-square-foot DraftKings Sportsbook and lounge with odds boards, televisions and nearly 300 seats, with the aim of opening in summer 2022.

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Players aged 21 and over in the state can now register, deposit funds, wager and withdraw funds from the BetRivers Sportsbook mobile app.

The BetRivers Sportsbook offers thousands of betting options on a wide range of leagues, competitions, games and players, as well as other features such as betting tips, a stats center and player search functionality, live streaming content and real time game tracker visualisations.

The launch was made possible after RSI in August entered into a multi-year market access partnership with Arena League Football team the Arizona Rattlers, with the duo issued a license ahead of the market opening in September.

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Revenue for the three months to September 30 reached $704.7m, up 40.0% from $503.3m in Q3 of 2020.

Zynga noted growth across both its core business segments, with online game – or user pay revenue – increasing by 31.0% year-on-year to $571.1m, primarily driven by a change in deferred revenue.

Advertising and other revenue rocketed 98.5% to $133.6m, with Zynga putting this down to both the addition and strong performance of Rollic’s hyper-casual portfolio.

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