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Category Archives: Online Casino
$2.5 Trillion Dollar Millennial Megawave Drives Boom in Video Games and Sports Betting: CEOs of Electronic Arts, FansUnite, ESE Entertainment, and…
Posted: January 15, 2021 at 2:41 pm
NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: FansUnite (OTC: FUNFF) (CSE: FANS), Electronic Arts (NASDAQ: EA), ESE Entertainment (TSX.V: ESE) (OTC: ENTEF), and Penn National Gaming (NASDAQ: PENN).
Video games have replaced music as the most important aspect of youth culture is the headline of a recent article in The Guardian, which parallels recent reporting in The Washington Post, and New York Times, highlighting new paradigm shifts in entertainment and consumer behavior. Millennials and GenZ now have $2.5 trillion in spending power, replacing Baby Boomers as the dominant consumer force. The global video gaming industry took in an estimated $180bn in 2020 more than sports and movies worldwide. The new generation prefers interactive forms of entertainment such as video games and online sports betting. Younger generations left behind traditional media for social media over the past decade - and now they are leaving behind social media for more interactive experiences. Wall Street Reporter highlights the latest comments from industry thought leaders:
Electronic Arts (NASDAQ: EA) CEO, Robert Wilson: Driving Growth Through New Games and New Platforms
...After the biggest first quarter in the history of Electronic Arts, our second quarter of FY 2021 showed continued strength with net revenue and earnings above our guidance. We are driving growth through the breadth, depth and quality of our new games, our industry-leading live services and expansion to more platforms and more ways to play... We delivered eight new games so far this year, and our network has grown to more than 330 million unique accounts as tens of millions of new players have joined to enjoy more of our amazing games and content. EA SPORTS continues to be a leader in sports interactive entertainment...
...Our esports programs are scaling the new records in viewership also. Our new Madden NFL episodic content featuring NFL athletes, celebrities and top Madden NFL players is bringing great entertainment to a much wider audience. And our recent FIFA 21 challenge, which paired esports stars with celebrity soccer players was our most-watched esports event to date, with viewership that places it among top esports broadcast worldwide.
A few thoughts on our growth drivers for FY 2022 and beyond: Each previous console generation has grown in the global market and we expect this transition will be the same. We plan to launch at least six new games on the next-gen consoles in FY 2022. These will include a new Need for Speed game that is bringing some astounding visual leaps, developed by the Criterion team who have launched some of the most highly-rated games in franchise history
Electronic Arts (NASDAQ: EA) Earnings Highlights: https://bit.ly/32V49MO
FansUnite (OTC: FUNFF) (CSE: FANS) Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting
In a recent presentation at Wall Street Reporters NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton explained how the companys latest distribution deal with an online casino games aggregator sets the stage for exponential revenue growth opportunities. In the next 12 months, FUNFF plans to expand its current line from three games to twelve - while adding multiple aggregators for each game - reaching millions of new online casino customers worldwide. With each game generating as much as $500,000 in revenue per month for FUNFF - per online casino - and the potential to be in hundreds of online casinos - these numbers can quickly add up.
Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3phwp53
January 14 - FansUnite (OTC: FUNFF) is presenting at Wall Street Reporters NEXT SUPER STOCK livestream - 12:30EST. Click here to join: http://bit.ly/2PX0SpH
January 11 - FUNFF closes an oversubscribed C$13.4 million private placement driven by strong investor demand. "The successful closing of this upsized financing provides further validation that the global gambling market is seeing a resurgence in demand from investors," said Scott Burton, CEO of FansUnite. "Despite the headwinds caused by the global pandemic in 2020, we saw consumers adopt and embrace online betting for its ease of access and simplicity. With our seasoned team of gaming operators, global B2C brands, and our industry adopted B2B technology platform, we were able to execute on multiple milestones that delivered value to our customers and shareholders. As we now look to advance our operations globally, we believe this additional capital will allow us to explore strategic initiatives and execute on our vision of becoming a globally recognized iGaming leader."
December 16 - FUNFF gains first-mover advantage into the U.S. esports betting market, as its long-term partner GameCo joins US Bookmaking and Sky Ute Casino to establish the first dedicated esports sportsbook in the United States. FUNFF wholly-owned subsidiary Askott Entertainment will supply its iGaming platform, Chameleon, as part of a fully integrated esports betting solution. Through GameCo's partnership with Sky Ute Casino and US Bookmaking, FansUnite will be the first iGaming solutions provider to receive significant exposure in the U.S. esports betting market.
December 7 - FUNFF receives Malta Gaming Service License and Critical Gaming Supply, and will now be able to offer a full spectrum of online gambling services in Europe, covering Casino, Fixed Odds Betting, Pool Betting and Controlled Skilled Games. With MGA approval received, FansUnite will be joining other highly respected gambling companies such as PokerStars, Betfair and Unibet in operating their business within MGA regulations.
Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3phwp53
January 14 - FansUnite (OTC: FUNFF) is presenting at Wall Street Reporters NEXT SUPER STOCK livestream - 12:30EST. Click here to join: http://bit.ly/2PX0SpH
ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO, Konrad Wasiela: Building A Billion Dollar Global E-Sports Business
ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO, Konrad Wasiela, a featured presenter at Wall Street Reporters NEXT SUPER STOCK investors livestream conference, shares his vision for building ESE into the dominant player in the multi-billion dollar global E-Sports market. ESE is now rapidly expanding, with multiple revenue streams, including E-Sports infrastructure software powering global tournaments, exclusive digital media distribution, broadcast rights, and owning world-class leagues and teams, including its K1CK global E-Sports franchise.
Watch ESE Next Super Stock livestream video: https://bit.ly/38Il9JF
In his interview with Wall Street Reporter, ESE CEO, Konrad Wasiela, says the company is now ready to scale - expanding its global footprint, with new partnerships with global brands like Porsche, driving revenue growth with aggressive focus on top line sales and margin expansion, and M&A opportunities.
January 8 - ESE announces Actina, a leading gaming hardware brand, is sponsoring ESEs K1CK e-sports team for the 2021 season. The League of Legends K1CK team Competes in Ultraliga, a Riot Games licensed league that is broadcasted on national TV in Poland on the Polsat Games Channel.
December 24 - ESE closes an oversubscribed private placement of C$3.6 million.
December 17 - ESE announces that Nuvei Corporation (NVEI), a leading global payment technology company, will be the title sponsor for ESEs K1CK e-sports team for all of its competitions for the 2021 season, across League of Legends, FIFA, Apex Legends, and more.
Watch ESE Next Super Stock livestream video: https://bit.ly/38Il9JF
Penn National Gaming, Inc. (NASDAQ: PENN) CEO, Jay Snowden: Positioned to Thrive with Barstool Sports & Digital Transformation of Gaming
...we're most excited about the potential for significant long-term growth and value creation through our highly differentiated omnichannel strategy. To that end, we look forward to the launch of our Barstool Sportsbook mobile app in September here in Pennsylvania. We think Barstool's loyal followers and our existing casino guests will greet unlike anything in the market today... Our Hollywood branded real money iCasino product in Pennsylvania continues to grow nicely even after the reopening of our casinos the last couple of months, with a meaningful portion of our revenues coming from our inactive database. Our proven ability to convert our casino database, together with our partnership with Barstool Sports, will provide significant organic customer acquisition and cross-sell opportunities. In sum, we believe we are extremely well-positioned to capture an outsized share of the growing US sports betting and iCasino market... Despite the ongoing uncertainties with this pandemic, we're extremely excited for the future and believe all the seeds we planted throughout 2020 will provide a strong foundation for new growth and opportunity ahead.
...we've taken our time to launch Barstool because we're launching a very competitive product with things like traveling wallet. I think our bet flip experience is second to none, the intuitiveness of how to use the app, and importantly the exclusive betting options, are really the differentiation that we're going to I think be able to deliver, it's going to get better over time, but even day one - and I am not going to get too much detail here because we're yet to see it when we launch it. You're going to see a lot of opportunities to engage with Dave Portnoy, and Big Cat, and Brandon Walker, and Marty Mush, and many others at Barstool - if you want, bet with them, or you want to bet against them, if you want to save their bets. These are things we're going to be able to do day one and I think you should imagine that the content and the branding integration into our app with Barstool is just going to get better and better and better every time we do a version release, and we think that we'll be able to do a new version release probably every six weeks after we launch, so I'm excited about everything
Penn (NASDAQ: PENN) Earnings Call Highlights: https://bit.ly/3iR2rlV
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Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. http://www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K
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Potential problems that every mobile punter might have to go through – Techstory
Posted: at 2:41 pm
Betting on the go has become an integral part of some peoples everyday life. Ever since the first mobile apps and websites were created, bettors can enjoy their favorite casino games and sports even if they dont have access to a computer.
Even though betting on the go is fun, there are some potential problems that you could face. Of course, you might not stumble upon all of them, but there is a pretty high chance that most people reading this will have to overcome at least a few.
Some betting websites dont have an app
Although it might seem strange at first, once you start looking around, you will notice that many betting operators dont have a stand-alone app for Android and iOS yet. This means that the only way to bet on the go is to use their mobile website.
In most cases, these companies have put a lot of effort into it, which means that you should find most of the things that are available on the desktop one.
You may not find the app on Google Play
If you have an iOS device, you can easily download the coral mobile app from the App Store and install it in just a matter of seconds. Unfortunately, Android users have to do a few additional things if they want to bet on the go.
Most online sportsbooks and casinos create apk files that have to be downloaded and installed. The download process is simple, but to install it, you have to go to your phone or tablets settings and allow it to work with apps from unknown sources.
Once this option is enabled, head back to the apk file and start the installation process.
Poor internet connection
If you have been betting on your phone or tablet for some time now, youve probably experienced problems with the internet connection at least a few times. Generally speaking, it is not advisable to bet online if your network is not stable because you can easily miss out on many opportunities.
Of course, you can still place pre-match bets, but it is nearly impossible to play casino games or wager on live sports events.
There might not be enough casino games
Nowadays, almost every online casino partners with some of the best software providers in the world. Thanks to their experience, these companies have learned how to make excellent casino games.
Unfortunately, some brands still havent optimized their titles for smaller screens. Therefore, you might not find some of your favorite desktop casino games once you start using a smartphone or a tablet. Luckily, most operators allow you to see whether a given game is mobile-compatible even if you visit their desktop site.
Some betting features wont work
The last common problem that you could face is the fact that some betting features might not work. Most online bookmakers that have things like Cash Out, Live Streaming, Edit Bet, and so on have optimized them, but other operators havent done that yet.
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Potential problems that every mobile punter might have to go through - Techstory
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Top USA Accepted Online Casinos in [2021]
Posted: January 11, 2021 at 10:12 am
Online Casinos are available for both International Players and USA Players, but choosing the right one can be a challenge for many online players. We have compiled a list of reputable casinos which have been extensively reviewed by us based off 20 years of experience. Our recommendations are based on each casinos ability to provide gaming and promotional diversity coupled with secure, fair and transparent practices.
If you are from Pennsylvania, New Jersey or Delaware then you should visit our respective pages for those states. For everyone else, all of the online casinos listed in the table below accept USA players and are completely safe to play at.
For the newest US online casinos, visit our article here.
1
240% up to $/AU$ 2,400 + 40 Spins
4
400% up to $ 10,000
5
100% up to $ 3000
6
150% up to $ 3,000
7
100% up to $/ 100
8
225% up to $//AU$ 1,000
9
100% up to $ 100 + 100 Spins
10
100% up to $//AU$ 500
11
100% up to $/AU$ 259
14
200% up to $ 1,000
15
200% up to $ 600 + 30 Spins
16
300% up to $ 2,000
17
300% up to $ 1,500 + 60 Spins
18
99% up to $/ 999
19
100% up to $/ 500
20
250% up to $//AU$ 2,500
21
200% up to $/ 500
22
100% up to $/ 500
24
100% up to $ 1,000
26
200% up to $ 500
27
350% up to $ 1,050
28
260% up to $ 2,600
30
500% up to $ 5,000
31
300% up to $//AU$ 600 + 100 Spins
33
200% up to $/ 500
35
300% up to $ 3,000
36
200% up to $/C$ 600
37
150% up to $ 600
39
200% up to $ 2,000
40
100% up to $ 2,500 + 30 Spins
41
250% up to $ 2,500
42
100% up to $ 1,000
Online casinos seem to be springing up like mushrooms, and it is vital to know if they are licensed and regulated by all gaming authorities and whether you can access them from your state. The laws and regulations in the USA differ on local, federal, and state level.
These three levels of regulations make things complicated for online casinos. For example, according to the Wire Act from 1961, it is prohibited to use the wire communication for placing bets on any sporting event. In 2011, the Department of Justice reviewed the Act and concluded that it includes all online wagers and games of chance, such as poker and other casino games. Read More
In addition, the federal law dubbed Unlawful Internet Gambling Enforcement Act of 2006, which further complicated things by making it illegal for banks and other payment processors to accept and process payments connected to bets and wagers. The government focus was clearly on these payment institutions and not individual players, but its detrimental effects still reverberate in the online gaming industry.This kind of hostile behavior has pushed players from the USA towards offshore online casinos, but luckily, some US states have sanctioned all types of online gambling.
This increasing popularity of online casinos is making government officials from many states across the US to reconsider and embrace the possibilities stemming from online gaming. New Jersey became the first state to legalize online casinos and poker in 2013, and thus joined Nevada and Delaware on the list of states with condoned and legalized gambling. Also, other states are expected to participate, with the latest one being the state of Pennsylvania which filed their request to the authorities in 2017.
The USA Online Casinos listed here are licensed and highly ranked by players, otherwise we wouldnt recommend them. Gambling Gurus have spent days that turned into months reviewing USA online casinos in order to be able to measure up all the important criteria that USA players tend to look for in an online casino. The factors that we use to find specific qualities in an online casino include, but are not limited to:
Safe and Fair Gamesthat are regularly audited and tested.Valid Licenses Issuedby the appropriate licensing jurisdictions.Deposit and Withdrawal Optionsthat caneasily be used by USA players.Regular Promotionsthat USA players can take part in.
The online casinos listed in Table 2belowDo Not Accept USA Players.These casinos are available to most online casino players around the world with the exception of the United States. These International Online Casinos also have great bonuses while others have reasonable bonuses.These casinos have good customer service and theypay out your winnings in a reasonable time. These casinos will alsopay your winnings to your chosen e-wallet account.
1
Sign Up 100% up to kr 5,000 + 100 Spins
2
3rd Deposit 50% up to $/ 200
3
Sign Up 100% up to 300
4
4th Deposit 25% up to $/ 300
5
Sign Up 100% up to $// 500
6
3rd Deposit 50% up to 400 + 50 Spins
9
3rd Deposit 300% up to $/ 3,000 + 30 Spins
10
Sign Up 150% up to 150
11
Sign Up 200% up to $/AU$ 2,000 + 30 Spins
Online Casinos have been around since 1995 and weve seen many of them come and go over the years. Our USA Players Accepted Online Casinos List above details all of the Casinos for US Players that Gambling Gurus believe to be accepting USA Players at the time we publish these online casino lists. You should always check any regulatory requirements within your own jurisdiction before entering any Online Casino to place a wager.
As an online casino player you are personally responsible for determining if it is legal for YOU to sign-up and play or place wagers at any online casino from within the jurisdiction that you reside in. Gambling Gurus is an independent information only site that is free of any gaming operators control and as such we can only recommend that you always do your own due diligence research before playing at any online casino. Well keep you updated on any changes in the casinos status on the lists above as any new information that we receive here will be passed along to our visitors.
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Casino.org – Most Trusted Online Casino Guide for 25 Years
Posted: at 10:12 am
Your safety is our priority
Casino.org has been players go to online casino comparison site since 1995. Featuring the latest updates and reviews, our team lives for the online casino community and is determined to provide accurate, transparent, and honest information.
Guided by our experience and passion, we have developed a 25-step system to effectively review casino websites and their practices. The final goal is to provide players like you with the best casino experience.
We create content to help players, not casinos. Casino.org is 100% independently owned, which means casinos cant influence our opinions or research. Our news team is ringfenced and operates completely independently. All our information is free to access and free from influence.
Casino.org have been on a mission to help players win more since 1995. We were the world's first ever online casino site, and have continued to trailblaze in the online gambling world ever since. Today we're trusted as the #1 casino and games reviews provider by over a million players worldwide, each year.
Gambling should be fun, but it is important to know where you can go for help if it becomes a problem. We ensure players gamble responsibly and have the right resources if help is needed. For an in-depth guide to this topic please visit our page on responsible gambling.
Everything we do is built around player feedback. We love to hear what our visitors think, and to help in any way we can! If you have any questions, ideas or just want to drop us a message, don't hesitate to contact us via email at enquiries@casino.org.
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Online Casino – Best Casino Games & Slots
Posted: at 10:12 am
Online Casino - Best Casino Games & Slots
Casino OnLine is a recommendation service for casino online bonus offer and promotes the online gambling establishments that have attained the highest ranking in our reviews. Our reviewing process is much more involved than those offered by many other referral sites for gambling establishment online, and we focus specifically on Service Quality, Schedule, Reliability and Fairness. The casino audits happen occasionally, and ads for online casinos that do not maintain their rank in service and quality are immediately eliminated from our website.
Our casinos have actually been in organisation for several years, and have the sponsorship to cover your jackpots. When you bet with among the gambling establishments on our list, you are not dealing with an operation that has just barely adequate money to build a site and acquire a software license. These are real business with marketing budgets, advanced software and the sponsorship to cover the jackpots that you are playing hard for. Such big business implies that there is inevitable competition to bring in potential gamblers and gambling establishments online complete with each other by using bonus offers and benefit schemes to players in a bid to make their online casino more enticing.
When it concerns Internet Genuine Money Slots, the online casinos, all over the web, provides a big quantity of money as a bonus offer to their fresh gamers. The game is quietly similar to the maker slots. All the actions are handled with the assistance of computer system software. But, online slots have a fantastic advantage over machine slots i.e. they can offer you with the center to bet fun, when you don't have any sort of cash.
Slots games are available in a variety of diverse kinds and have different features in them. You can bet cents, quarters, and dollars. You can play games with 5 reels and 25 paylines or with 3 reels. Scatter signs, wild symbols, bonus offer video games, and progressive prizes all add a tasty taste to these games.
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Casino Slots – Play Best Casino Slots – Online casino
Posted: at 10:12 am
Because of this reason, before few months, many best internet on line casino software providers have launched combined scratch playing cards and slots video games and little question, it will continued to be increased further within the upcoming months and years. Software providers of best web on line casino games at the moment are extending concept of model worth additional. If one of the best web on line casino site doesn't point out what encryption methodology is used, a web browser can reveal the data. Advanced Bets Feature of Expert Roulette powered by WagerWorks Advanced bets is one other useful feature included within the Expert Roulette gaming variant of WagerWorks. Usa Gambling. When 5 or more wild symbols seem on the lively payline, then the player win the jackpot worth 6000 coins. However the current administration within the United States is adamant. You will also discover the pay desk affords more for this bet. Therefore, these on-line casinos are toned down themselves towards provided temptations. All US Online Casinos. On registering you could have an choice of taking part in with play cash or actual money. Each participant is dealt a card initially of the first spherical. Usa Gambling. There is no time restrict with regards to online play. In order to beat this drawback greatest web on line casino software program suppliers have devised mechanisms that allow players to start wagering at certain games earlier than your entire finest internet casino is downloaded. These games options real spins with huge image and even bigger win meters. Brain Nick the proprietor of Online Casino Site is thought to be sympathetic to the reason for online players and has successfully intervened in many circumstances. They've also paid political worth as playing bands have stronghold on the government. Welcome to Grosvenor Casinos, where you may play a variety of video games including poker, blackjack, and roulette. Theres one thing for everybody - be part of our online stay on line casino or attempt your hand at a desk sport. You may also participate in sports betting on a variety of events, resembling football, horse racing, or rugby union. Once youve signed up, there are plenty of casino promotions to make the most of. Explore all the pieces Grosvenor Casinos has to offer to seek out the perfect online casino games. Our online casino is designed with you in thoughts. At Grosvenor Casinos we have almost 50 years experience within the playing enterprise and weve used that data and experience to create an accessible web site, filled with high-class on-line video games. 1. Click the be a part of button in the highest-right nook of the homepage. If youre already a member of Grosvenor Casinos then you'll be able to simply login using the main points youve already given us. Otherwise, you can register as a new buyer. 2. Once your account is set up, you'll be able to make the most of our generous welcome gives and make your first deposit. Then you possibly can play our on-line video games everytime you select.
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Online Casino – Casino Games 2020
Posted: at 10:12 am
Online Casino - Casino Games 2020
Have you ever played the real cash online slots or do you still think they threaten and are not worth attempting? On this page, we will inform you why playing gambling games in genuine money gambling establishments is remarkable and why you need to try it today. Here you will find the list of the most trustworthy gambling establishments that we have actually personally inspected, the answers to one of the most of the often asked concerns concerning real money video games and all the information about the real money gambling you might ever need. After reading this short article, you will have the ability to play games online and win genuine money, even if you believed it was difficult.
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iGaming to make waves in 2021. But not in Nevada. – Las Vegas Review-Journal
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In certain parts of the U.S., placing a bet on a round of slots or roulette is as easy as pulling out a smartphone or booting up a computer.
But not in Nevada.
Industry watchers say online casinos, also referred to as iCasinos or iGaming, will spread to more markets in 2021 as states reeling from the pandemics economic impacts look for new forms of tax revenue. While the Silver State offers online poker, experts say itll take years before it broadens its online gaming offerings.
As more state budgets come up short, theres going to be more of an appetite to pass legislation for iGaming, said former Gaming Control Board Chairwoman Becky Harris, now a distinguished fellow at UNLVs International Gaming Institute. But as a practical matter, the (Nevada casino) industry has determined it is not something they want to develop at this time.
Nevada became the first state to authorize interactive gaming in 2013, but it has yet to expand its iGaming offerings beyond online poker.
Leading examples
Five states have legalized iGaming to date: New Jersey, Pennsylvania, Delaware, West Virginia and Nevada. Michigan is set to launch iGaming and sports betting in the coming weeks.
Macquarie gaming analyst Chad Beynon expects more to follow, with the pandemic and casino shutdowns accelerating the industrys growth.
He said up to five states could go live in 2022, followed by another five in 2023. By 2025, he expects up to 27. More details about iGamings U.S. expansion should be made clear after the 2021 session of state legislatures begins.
Gaming consultant Sara Slane said iGaming has massive potential growth and will certainly be brought up in 2021, but she doesnt expect a nationwide embrace anytime soon.
Its going to be an ongoing conversation for years to come, she said.
States and casino operators have had mixed reactions to the industrys expansion. While some have been gung-ho about the potential to capture additional customers and revenue, others fear that iGaming could cannibalize the gaming market and draw money away from brick-and-mortar establishments.
There are also concerns about responsible gaming: How do you make sure customers are gambling safely when theyre miles away from your casino?
Some of those concerns dissipated after New Jersey and Pennsylvania went live with iGaming in 2013 and 2019, respectively, and demonstrated that iGaming in certain markets can be safe and lucrative without hurting brick-and-mortar business.
New Jersey, for instance, saw iGaming revenue increase 87 percent between November 2019 and last month, to $91.8 million. Casino revenue fell 35 percent in that same time frame, but that drop has largely been attributed to COVID-19-related restrictions among casino operators, including Caesars Entertainment Inc., Ballys and Golden Nugget.
There (has been) actually very little cannibalization (in New Jersey), Beynon said. It grew their database into new customers.
But some worry that the same would not hold true in Nevada.
Some local operators and coalitions have strongly opposed the expansion of online gaming, such as the Coalition to Stop Internet Gambling, which was financially backed by Las Vegas Sands Corp. Chairman Sheldon Adelson.
Concerns in Nevada
Opponents of online gambling say its success in other states doesnt equate to success in Nevadas unique gaming market.
Most states with online gaming have very few commercial casinos. Delaware has three, New Jersey has nine and Pennsylvania has 12. Nevada, in comparison, has 219, according to a 2020 report from the American Gaming Association.
Many players in other states opt to wager online because visiting a brick-and-mortar casinos could mean hours in a car. The same does not hold true in Nevada. As of September, there are nearly 2,500 facilities with gaming licenses in the state, including more than 800 restaurants and bars, according to the Nevada Gaming Control Board.
Some argue that online casinos could steal away Nevadans who had been regular customers at nearby retail locations, including local gambling parlors and taverns.
You have all of these convenience-gaming locations throughout neighborhoods (that) rely on the ease of access as the bases of their business model, said Kahlil Philander, an assistant professor at Washington State Universitys School of Hospitality Business Management. When the state thinks about offering online gaming, all of a sudden the main advantage these companies have, which is that they are convenient, disappears.
One of the states most popular gambling parlors, Dottys, did not return a request for comment.
Anthony Cabot, a distinguished fellow of gaming law at UNLVs Boyd School of Law, agreed that some operators could suffer under an iGaming expansion, even if the industry acts as a boon to the states overall gaming revenue.
If you have a more convenient way to gamble, you might forgo the trip (to a brick-and-mortar location), he said, adding that he believes this would hurt local gaming bars and taverns more than the locals-focused casinos that offer amenities like food courts, movie theaters and bowling alleys.
Grove said its hard to say how legitimate these cannibalization concerns are for Nevada, especially knowing that its gaming industry is such an outlier.
There isnt a great, direct comparable market that you can point to that mirrors Nevada that allows you to say with total certainty what the effects (of online gaming) would be, he said. This is a conversation that every state is going to have, and its a complicated conversation with a lot of moving parts.
Tax revenue incentives
One of the powerful driving forces behind iGamings growth is its potential tax revenue.
The industry can bring in millions each month. New Jersey made nearly $14 million from its 15 percent tax on online gaming in November alone, accounting for about 45 percent of its total gaming tax revenue that month.
New Jersey went full-steam ahead (with iGaming) and has really embraced technology. (The state) has shown that online wagering can be done safely, that they can appropriately regulate it, and theyre realizing the benefits from tax revenues as a result, Harris said. Other states are looking to capture some of that revenue stream for their state budget.
Online casinos have proved to be even more lucrative than the gaming industrys latest focal point, sports wagering. New Jerseys online gaming business made 82 percent more than that states sports betting revenue in November.
Similar trends can be found in other states. The American Gaming Association reported that between July and September, after many commercial casinos and sportsbooks reopened, nationwide sports betting revenue was $352.3 million. Meanwhile, iGaming in legal states, excluding Nevada, hit $435 million in revenue, a 234 percent increase from the same period last year.
But even with lower margins, experts say sports betting is poised to spread across the U.S. at a much faster pace than iGaming.
Online sports betting has sort of taken the spotlight from online casinos, Josh Swissman, founding partner of gaming and hospitality consulting agency The Strategy Organization, said. But iGaming is really where the potential bigger impact is. The iGaming customer is much more valuable.
iGaming in Nevada
Industry watchers say most, if not all, states will offer online casinos eventually. Nevada, however, is expected to be among the last to expand its offerings.
The industry, while initially progressive out of the gate in looking at things like online poker, hasnt necessarily kept up with the changes that have occurred over the last couple of years (in the online casino space), said Brendan Bussmann of Las Vegas-based Global Market Advisors.
Gaming regulators have the power to expand Nevadas online casino offerings, but Cabot doesnt expect that to happen any time soon. He said operators have yet to voice much interest in expanded iGaming in Nevada because it would likely have a low return on investment.
New Jersey and Pennsylvania, two of the most successful iGaming markets, have populations of roughly 8.8 million and 12.8 million, respectively. Meanwhile, Nevadas population is estimated to be just over 3 million, leaving casino operators a much smaller market with which to work.
Nevertheless, some iGaming companies have their eyes on Nevada.
The CEO of Las Vegas-based interactive gaming and sports betting company Bet.Works, David Wang, said the company plans to launch iGaming offerings in New Jersey next year and continue to grow from there. He hopes Nevada expands its online casino offerings sooner rather than later but said other challenges, such as the states reluctance to allow remote registration, could hinder the industrys growth.
Nevada is an important market, Wang said, but being able to register remotely makes a huge difference in customer adoption and acceleration.
Company opinions
A representative of Penn National Gaming which has a wholly owned iCasino subsidiary and operates land-based casinos across the country, including at the Tropicana and M Resort in Southern Nevada said it supports the growth of iGaming in Nevada but did not have details to share on any legislative efforts to expand the industry.
There are tremendous growth opportunities for iCasino across the country, the spokesperson said. As we saw early on during the pandemic, iCasino provided much needed revenues to states like New Jersey and Pennsylvania when the brick and mortar casinos were temporarily closed. We expect other states to consider legalizing iCasino in the near future as they seek new tax revenues that are sorely needed in the wake of the virus.
MGM Resort Internationals digital gaming company, BetMGM, has launched online casino operations in West Virginia, Pennsylvania and New Jersey. Matthew Sunderland, BetMGMs vice president of gaming, expects the company to go live in a handful of states in the new year and eventually be in as many states as possible.
The wide-ranging selection has introduced casino to and strengthened our relationship with players of all types, he said. BetMGM has long viewed Nevada as a hub for providing a top online experience to players in a largely land-based environment. We want players in the state to play with BetMGM, earn M life rewards, andif they are visitingdevelop a continued relationship that they can bring home digitally, he said.
Spokespeople for Red Rock Resorts Inc., Caesars Entertainment Inc. and Golden Entertainment Inc. declined to comment. Spokespeople for Boyd Gaming Corp., Las Vegas Sands Corp. and Wynn Resorts Ltd. did not respond to requests for comment.
Cabot said online gaming will likely have its day in Nevada; its just unclear how soon.
Once the other states adopt internet casinos and it becomes prevalent across the United States, theres going to be no reason to prevent Nevada from getting into the game, Cabot said. I think the fears of cannibalization and other things will have dissipated by then. At some point, well roll into it.
But Grove warned that the adoption could take time.
I wouldnt confuse inevitability with immediacy, he said. Just because were moving rapidly, (that) doesnt mean were close to the end.
The Review-Journal is owned by the family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson.
Contact Bailey Schulz at bschulz@reviewjournal.com. Follow @bailey_schulz on Twitter.
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