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Global Casino and Gaming MarketMarket 2020-2026 Key Challenges. Industry Risks and Worldwide Opportunities during Covid-19.

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By Important Manufacturers Land-based Casino Gaming, Online Casino Gaming Holdings, Las Vegas Sands, Caesars Entertainment, SJM Holdings, Galaxy Entertainment, City of Dreams Manila, Betfair Online Casino Games, Boyd Gaming, Delaware Park, MGM Resorts

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Our Research Experts have made this insightful report on Casino and Gaming Marketmarket, which is available for user on the site of Market Research Vision. The report carries various factors and elements of the industry in picture, all around the globe, be it its potential or probable threat to its growth or simply the way and method of its functioning during covid-19.

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Casino and Gaming Market Products Market 2020 Outlook to 2026 - The Think Curiouser

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Gaming Innovation Group Inc. (GiG) has today signed a long-term agreement with existingcasino client K.A.K. DOO Skopje, hospitality, tourism and services company (K.A.K.) for the provision of GiGs sportsbook, including online, over the counter (OTC), omnichannel and on premise sport solution to launch both their digital and land-based sports betting operation in the regulated North Macedonian market.

K.A.K. and Gaming Innovation Group signed a long-term agreement in September this year for the provision of GiGs platform, frontend solution and managed services to power K.A.K.s digital casino transformation. Todays additional agreement follows K.A.K. s decision to enter into Macedonias growing sports betting market under their own license, allowing up to an initial 25 physical sites across the country as well as online operations.

Gaming Innovation Group will provide K.A.K. with its end-to-end sportsbook, delivering an online offering as well as a physical offering through GiGs over the counter, omnichannel retail solution. Through GiGs partnership with Betgenius, end-to-end live data, trading and risk management services will also be delivered as part of the agreement. This allows K.A.K. to offer its customers official sports betting content from over 300 competitions including the English Premier League, Serie A and EuroLeague basketball.

The agreement is based on a combined fixed fee and revenue share structure.The sports offering is expected to go-live in Q2, 2021, and is expected to make a positive contribution to GiGs revenues from H2 2021 onwards.

Ognjan Cigovski, Chief Executive Officer of K.A.K. DOO Skopje says: Our recent decision to expand into both the retail and online sportsbook market was a natural step for us, building on our successful land-based casino activities and we see it as a very exciting proposition. We can now offer our customers a full suite of products across multiple locations as well as online. We are excited to partner with GiG on this venture whos product and service offering were a great fit for what we want to achieve in the local Sportsbook space

Richard Brown, Chief Executive Officer of GiG says, I am very pleased to expand our partnership with K.A.K, they have secured a local sports betting license and have exciting growth plans which are highly complementary to their existing premier retail casino presence in the country. By adding our online and OTC sportsbook technology offering to the online casino also powered by GiG, K.A.Ks end users will have a seamless end-to-end experience. We are very much looking forward to working with them to deliver a great product to the local market.

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EGT Extends its Partnership with Maxbet into Bosnia and Montenegro - European Gaming Industry News

Pennsylvania now has a 13th retail sportsbook with Wind Creek Bethlehem adding one this week, and its partner Betfred USA Sports will soon provide the 11th online/mobile option in the state.

Wind Creek quietly had a test period for the physical sportsbook Monday and Tuesday, and it announced Wednesday morning that it had received Pennsylvania Gaming Control Board approval for permanent operations.

Opening the sportsbook at Wind Creek Bethlehem provides yet another exciting gaming opportunity for our guests, Jay Dorris, Wind Creek Hospitality president and CEO, said in a press release. Partnering with Betfred USA Sports will allow us to bring a first-class sports betting experience in a high energy environment to the property.

Wind Creek is the last of Pennsylvanias large casinos to enter the sports betting market, which requires paying a $10 million licensing fee. Only Lady Luck Nemacolin in Fayette County, the states smallest casino, lacks a retail sportsbook or online partner.

The gaming board reported Tuesday that the states sports betting handle in the month of October amounted to a record $525.8 million, with gross taxable revenue from it (the amount lost by bettors) of $36.8 million.

When Wind Creek won sports betting licensure approval from the gaming board in June, its general manager said it expected Betfreds digital operation to start before the retail sportsbook opened. That has turned out not to be the case.

Wednesdays press release said to expect the launch of the online sportsbook powered by Betfred Sports in the Wind Creek Casino mobile applications in the coming weeks.

Betfred is a longtime British-based sportsbook that created a U.S. subsidiary and is already operating in tandem with casinos in Iowa and Colorado. It operates more than 1,500 betting shops in Great Britain.

Pennsylvania is a massive sports betting market, and we look forward to making Wind Creek Bethlehem a go-to destination for sports bettors, Betfred USA Sports COO Bryan Bennett said in the press release. He added in an interview, I dont think weve reached the apex of how big Pennsylvania can be, in terms of future growth now that the statewide monthly handle has surpassed a half-billion dollars.

The sportsbook occupies space in the casino that was formerly Buddy Vs Ristorante. It has two video walls, 31 individual TVs, three betting windows, eight self-service kiosks, and a pub for dining and drinking.

While the casino is hosting a grand opening for invited guests at the sportsbook Saturday, Betfreds soon-to-launch mobile component will see far more betting action. About 90% of Pennsylvanias betting handle comes digitally instead of in person.

Bennett told Penn Bets that the company would have liked to launch online by now, but with COVID, everything has just taken a little longer than originally anticipated. He said he is hoping Betfred will be available digitally by years end sharing the play.windcreekcasino.com website that provides the casinos iGaming component, but the timing will depend on the state approval process.

The British operator will face a crowded market of better-known online operators. The Barstool Sportsbook of Penn National Gaming just arrived in September as the newest site, placing third in betting volume behind national titans FanDuel and DraftKings. The seven other digital sites combined claim less than one-fourth of the market.

Bennett said Betfred has always relied on an image of providing the best value to the bettor, and it is counting on its path into the Pennsylvania market being greased by the association with Wind Creek, the second-largest revenue generator among the states casinos.

Well start out by leveraging the retail sportsbook space and converting players over to the online book, he said. Im sure a number of them are already betting online with competitors, and our first order of business is to convert them over.

In addition, BetMGM recently won licensing approval to provide sports betting in Pennsylvania, although it is unclear when and how it will do so. It would need to form a partnership with an existing Pennsylvania casino as its sports betting provider, and the casinos with sports betting licenses all already have relationships.

While Wind Creek is the newest retail sportsbook in the state, it will not be the last.

The new Live! Pittsburgh mini-casino opening to the public next Tuesday in Westmoreland County has a FanDuel sportsbook, and the Live! Philadelphia property to open in early 2021 will also have one.

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Wind Creek And Betfred Debut Retail Sportsbook, With New Online Option Weeks Away - Penn Bets

Youve reached the Grande Vegas online casino and grande it is! With the best games, all the platforms, fun and interactive promotions, the most convenient banking methods, 24/7 responsive support, and on and on it just doesnt get any better than this. But lets take it one step at a time.

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To get you going, the Grande Vegas casino bonus for first time players is a healthy 100% match up bonus, up to $100. In other words, you deposit $100, but you play with $200! This welcome bonus is followed up with more bonuses during your first week. And those bonuses are followed up with free cash bonuses, free spins bonuses, daily, weekly and monthly bonuses, and more! The VIP Club grants you comp points each time you bet, which in turn, becomes cash to bankroll even more casino play!

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Online casino and poker reached an all time high in Pennsylvania through August, as the states sportsbooks complemented the performance by recording their best month since the region launched the legal sports industry in November 2018.

As total revenue for the month reached $310.7m, a 5.89 per cent increase from 2019s $293.4m, its Parx Casino that continues its dominant status by reporting a 7.01 per cent rise to $58.8m (2019: $54.9m).

Online casino games and poker reached another all-time high during the month with $55.9m in revenue, toppling the $54.4m generated a month earlier. This resulted in a $15.8m injection into state coffers and another $6.3m in local share assessments.

Rivers Casino Philadelphia leads the way with $17.1m, made up by $15.1m in slots and $1.94m in table games, ahead of Valley Forge Casino Resorts $8.7m and Parxs $7.4m. The Keystone States sole online poker operator, Mount Airy Casino Resort, brought it $2.72m in poker revenue, nudging its total figure to $6.85m.

The continued growth of online casino revenue, even with opened retail casinos, shows that the industry has set a new standard for online gambling, stated Valerie Cross, analyst for PlayPennsylvania.com. The popularity of these games should remain, and likely expand, over the next few months even as casinos steady.

Retail and online sportsbooks generated $364.99m in wagers in August, up 121.5 per cent from $164.8m in July and 234.7 per cent from $109m in August 2019, a performance which analysts say could be enough to secure number two status in the country.

Pennsylvania fell shy of Nevadas $165.6m handle in July, but its record-breaking August could top the Silver State, which will announce August data later this month.

In what has been a difficult year, Augusts packed schedule of major sports helped Pennsylvania sportsbooks make up some of what was lost from pandemic-related shutdowns, explainedDustin Gouker, lead analyst for PlayPennsylvania.com.

It is remarkable to think that Pennsylvania could surpass Nevada, the nations most mature sports-betting market. The states online products have helped bridge a gap that at one point looked nearly insurmountable.

Online wagering accounted for 88.1 per cent, or $321.6m, of all bets in August. FanDuel Sportsbook at Valley Forge Casino was again the primary driver by accepting $144.6m, a 110.3 per cent gain from $68.8m a month earlier. Those bets produced $8.9m in taxable revenue, up 518.6 per cent from $1.4m month-on-month.

The retail sector picked up steam in August with $43.4m in bets, up from $9.4m in July, to produce $2.8m in revenue. Rivers Philadelphia led retail books with $11.8m in bets and $949,903 in gross revenue.

The online market could get another boost, too, with the kickoff of American football and the launch of the Barstool sportsbook app.

Barstool is the most intriguing launch since FanDuel and DraftKings entered the market, and could really move the needle, added Cross. Its difficult to capitalise on such a busy sports schedule if bettors are limited in their online choices.

The states gaming industry still has significant challenges, but its ability to entice so many online competitors has made the Pennsylvania market far more resilient.

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Pennsylvania online casino, poker and sports betting bask in an August surge - Casino Beats

Nowadays, there are so many things that you can do online. When it comes to the biggest sectors in the online industry, gaming is one of these. There are now many games that you can play including casino games or real money games.

In the last few months, online casino gaming has exponentially grown because many land casinos were ordered to temporarily close because of the pandemic. Not only frequent gamblers turned to online casinos, but also players with no experience entered the scene.

If youre new to online casino gaming, then there are a few things that you should consider when picking the right online casino. There are now many online casinos that cater to the USA Market and it can be overwhelming to choose the right place. Well, you dont have to worry anymore as were here to help you out. Here are the things to consider when looking for the right casino online.

Safe and Secure

The first thing that you should think about is your safety whenever you make online transactions. Make sure that you are dealing with a legit online casino. Always check if a casino is licensed. Some of the most common licenses that casinos have are the ones issued by Curacao, Malta, Gibraltar, the UK, and Costa Rica.

Typically, the license number is displayed on the bottom part of a casino site. Most of the time, this is also clickable. Once you click it, it should lead you to the website of the jurisdiction showing that this online casino is indeed licensed by them.

Aside from the license, you should also browse through the site to see how secure the website is. Online casino sites should be encrypted so that your transactions are safe. This means that no one else will be able to see or access your personal and banking information. Its also best that an online casino address starts with an HTTPS rather than HTTP. Check if there is also a padlock icon beside the web address.

Variety of Games

There are so many online casinos that you can choose from and these casinos mainly differ on what they could offer to their customers. If you enjoy playing all sorts of casino games, then go for an online casino with a wide variety of game choices.

However, if youre someone who is new and is more into playing easy casino games, then you should go after online casinos with plenty of choices for games like slots and roulette. If you want to feel like youre in an actual casino and would like a social experience, the look for casino sites with live dealer games.

Bonus and Promos

Online casinos are in great competition when it comes to getting new customers. This is why they make sure that they have the most enticing promos and bonuses to offer. To make the most out of your gambling money, you should shop around for an online casino to see which ones have the best offer.

The best offer will depend on your gameplay. If you think that you wont be playing that much, then go for sites that are generous when it comes to welcome or sign-up bonuses. If you will be playing often, then you should go for casinos that are more generous with their monthly or VIP bonuses.

Payment Options

The convenience of playing and making a transaction on a casino site should also be considered. Part of this is being able to make a deposit and a withdrawal the easiest way possible. Fortunately, there are now many options for this.

You can always use your credit or debit card. If youre not comfortable disclosing your banking information on gambling sites, then you can opt for payment options like digital wallets (PayPal, Neteller, Skrill) and cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple).

Customer Service

Theres no perfect website. There will be times that youll need assistance on things like your deposit and withdrawal. This is why a casinos customer service must be easy to be in touch with. There are online casinos that have support available 24/7 through different channels. You can reach their support through chat or email. Some casinos also have hotlines that you can call.These are important things to consider when choosing the right online casino. Keep in mind that the best online casino will depend on what they offer and how they can deliver your needs. The best online casinos will always depend on your preference, and so its always best to make your list of what a casino should have.

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What Makes an Online Casino Stand Out From the Rest - Programming Insider

Almost two years after jumping into the online sports betting market, West Virginia online casino games finally appeared to enhance a Las Vegas-like experience from at home in Appalachia.

DraftKings and BetMGM have both introduced casino games within their sportsbook apps that can be played in West Virginia.

We took a look at both apps to get a better idea of which is better and who will end up the leader of the pack. Fortunately, there is room for both if you want them. The DraftKings casino games have a heavy emphasis on blackjack, while MGMs games are more heavily tilted toward the slots.

DraftKings offers a total of 18 games 13 varieties of blackjack, four roulette games, and one slot game.

Though that appears to be a formidable list of options, most of the differences between the games are cosmetic. For instance, the different sporting options are simply choices in how your blackjack table is designed you can play on a baseball diamond or hockey rink, but its still regular blackjack.

There are a couple of exceptions.

Single-hand blackjack has you and the dealer playing from only one deck of cards.

Multi-hand blackjack goes in the opposite direction. You can bet on as many as seven hands against the dealer, who has only one. If you live under the mantra go big or go home, this is the game for you. There is an opportunity to win big or lose big with each hand I played long enough to do both.

The one game with a twist is Touchdown Blackjack, in which each winning hand drives you down the field until you get a bonus for scoring a touchdown.

Touchdown Roulette abides by the same principles as Touchdown Blackjack.

The lone slot offering in the DraftKings lineup is 2 Tribes. So, if youre a slot person, youll want MGM.

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Black and Yellow Roulette is a variety of European Roulette, which has 37 numbers rather than the 38 of the American version.

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Both platforms offer a variety of ways to pay.

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On BetMGM you can deposit with all of the same options. The biggest difference is that BetMGM offers different bonuses depending on which service you choose, including ones specific to Discover, Visa and Mastercard if youre using a credit card.

MGM is a traditional casino operation, while DraftKings got its start in the world of daily fantasy sports. Given those differences, you might think the BetMGM app would have a slight edge.

Wrong. And its not even close.

BetMGMs app is buggier than a Louisiana swamp in mid-August.

Over a span of four days, the app froze every single time I attempted to play one of the casino games. I tested every other app on the phone to be certain it was not a phone or iOS issue. None of them had any issues. But every time I tapped to play a casino game on BetMGM, a wheel spun and nothing happened.

Even if this problem was not prevalent, DraftKings simply has a more user-friendly feel. Every time you open BetMGM, you have to log in. DraftKings, on the other hand, has Face ID enabled. This is a minor convenience, to be certain, but it adds to the sense that MGMs app is just slapped together without much care.

If you are the type of person who likes the strategy of blackjack over the pure chance of slots, DraftKings was already a better offering. With the glitches of BetMGM thrown into the mix, its a no-brainer as to which service offers a better playing experience.

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The Lion, The King And The Best Online Casino in West Virginia - Play WV

Belarusian igaming operator GrandCasino.by has bolstered its range of online casino content after sealing a distribution deal with BetConstruct.

Lauded the agreement as giving its players access to unparalleled gaming experience, via the introduction the Belarus igaming brand is striving to broaden its appeal to the market and stay ahead of the competition.

Rafael Davtian, head of business development and marketing department of GrandCasino, said: The demand for diverse and exciting gaming products has always been around. We are happy to entrust BetConstruct to complement our casino with outstanding games and soon sports betting software too.

Under the terms of the agreement, BetConstruct is supplying a range of gaming solutions to the online casino entity, including a variety of slots of in-house developed live casino games.

The group says that these will all be backed-up with bonus and tournament management engines, allowing the operator to carry out bespoke promotions for its players.

Anna Poghosyan, head of business development at BetConstruct, added: We are confident that our games and services will prove successful with GrandCasino players and their business in general contributing to the further growth of the brand.

Earlier this week, BetConstruct partnered with French casino operator Barrire Group in a deal which will see the firm make its online entry via the launch of its first platform.

Leveraging BetConstructs technology, the group will start its online betting operation as BarrireBet, initially offering players sports betting with the addition of poker and horseracing to come at a later date.

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BetConstruct takes gaming solutions to GrandCasino - Casino Beats

MGM Resorts International (NYSE:MGM) has been as hard hit by COVID-19 as anyone. Its properties were shuttered globally and its revenues abruptly disappeared.

While the pandemic has undeniably created a historically painful demand shock for MGM's business, the longer-term picture remains intact. Here, we dive into where MGM looks to be headed five years from now.

Image source: Getty Images.

COVID-19 halting casino operations makes balance sheet health all the more vital for enduring these tough times and even making it to 2025. As of its last quarter, the company had $4.8 billion in cash and equivalents on its balance sheet, and total liquidity of $8.1 billion including credit. That is more than any of its competitors, and provides the company with a cushion to survive in a zero-revenue environment for several quarters. Fortunately, zero revenue is an overly pessimistic forecast.

During MGM's most recent quarter (ending June 30, 2020), it began opening its properties back up across the United States. The executive team alluded to how encouraged it was with the initial response from consumers several times during the recent call.

Its properties in Macau and Shanghai are also open once more. Occupancy restrictions have been placed on all of MGM's properties -- as with the rest of its competition -- but getting the properties back open was certainly the first step toward a recovery. The performance of MGM's brick-and-mortar properties will surely take some time to mend, but for long-term investors with a five-year time horizon, even more help is approaching.

Leading infectious disease expert Dr. Anthony Fauci consistently restates his belief in a coronavirus vaccine by early 2021. Under that scenario, it's feasible to think MGM's properties could continue their march to recovery. With the mortality risk from COVID-19 vastly reduced by an inoculation, consumers should feel more comfortable going about their normal lives whenever one is approved and distributed.

Regardless of when this slow move to normalization takes hold, MGM is taking success into its own hands. We are in the early days of its online offerings; to date the company operates BetMGM -- its online casino product -- in Colorado, Indiana, Nevada, New Jersey, and West Virginia to date. It plans to roll this product out in more states over the coming years to solidify online casino market share.

MGM is no software expert, so to most effectively build out online offerings, it enlisted the help of InterActiveCorp (NASDAQ: IAC). As a reminder, IAC recently spun off Match.com, the parent of Tinder, Hinge, and several more dating applications. While online gambling and dating are far from synonymous, IAC's reputation of creating thriving digital apps is a welcome skill for MGM, and IAC's $1 billion equity stake in MGM depicts its confidence in the newly announced partnership. The future of gambling is online and on our mobile devices, and this partnership is ideal for tapping into that distribution channel.

Beyond the help IAC will provide to MGM's online casino offerings, the boost it will give to yet another MGM pursuit is just as clear. 22 states and Washington D.C. have legalized sports gambling since the Supreme Court ruled to remove that decision-making power from the federal government in 2018. With illicit sports gambling generating an estimated $150 billion in annual revenues, the approaching end to prohibition is truly a giant opportunity for companies like MGM.

Legalization of online gambling across the globe is expected to power an 11.5% growth annually in global online gambling over the next five years.The combination of MGM's brand plus IAC's digital know-how truly is a compelling recipe for achieving success.

Sports gambling's future is predominantly in mobile applications, IAC's sweet spot. This unique duo is ideal in a crowded field featuring all of the traditional casino operators, as well as new-age companies such as Barstool Sports (owned partially by Penn National Gaming) and DraftKings -- both born on the internet.

While 2020 will not be a good year for MGM, I believe five years from now the company will be enjoying much rosier results. Its casino footprint meshes well with a dive into online gambling to create an omni-channel approach to betting, and IAC is an ideal partner to help realize that vision. In terms of sports gambling stocks to own for the next five years, MGM is a great bet.

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Where Will MGM Resorts Be in 5 Years with IAC's Help? - The Motley Fool

Diamonds have returned as a reward for the GTA Online casino heist in the latest update. If youre planning a run on the casinos vault in the open-world game, youve got a high chance of maximum pay-out for the foreseeable future.

The update comes via dataminer Tez2, who runs through everything thats coming in the latest patch. Generally when you rob the casino, youll find a cash reward of up to $2.1 million, which is hardly chump change, but when diamonds are in play, you can make considerably more. The extra valuable stones are periodically taken out and re-inserted, to help mitigate folks getting too rich or trying for the gambling hub too often. As of now, you can start planning your next heist, and odds are good youll be rewarded for your exploits in the crime game.

Some other additions include the Coquette D10 as the podium vehicle, 40% off all bunkers and renovations, and a number of cars, including Stirling GT, Rapid GT Classic, Infernus Classic and Swinger are a lovely half-off. The highlight, going by replies at least, is the flourescent Lemon Sports track pants and top,which will guarantee you stand-out in any crowd. Might be best to leave that one in the wardrobe if youre thinking of trying any high-risk crimes.

Its always good to keep your exploits within the parameters of the game, as players using a recent money exploit suffered their accounts being reset by Rockstar. In some stranger datamining news, GTA Online has a UFO mission that only dataminers have been able to play so far.

If getting some diamonds has you thinking about dipping your toes into GTA Online, we have a guide for making your first million dollars, and heres the best GTA 5 mods for some offline fun, too.

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GTA Onlines casino diamonds are back, with high probability - PCGamesN