Gaming Americas Weekly Roundup – July 13-19

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and financial results. Read on and get updated.

Latest News

Boyd Gaming has announced that it will be laying off a number of furloughed employees across the US. The firm has said that due to closures and restrictions caused by the Covid-19 pandemic recovery will be slow.

Hawks Talon Gaming Club, the official NBA 2K League affiliate of Atlanta Hawks, has lost in two games as part of a best-of-three series over Kings Guard Gaming, the official affiliate of Sacramento Kings. The results of each game were 75-71, 63-72 and 60-73.

Partnerships

Digilant, an omnichannel digital advertising services company, has partnered with Tipico, an international provider of sports betting and casino games.

Brazilian sports club Corinthians Paulista has announced Galera.Bet as its new sponsor. The deal will guarantee a total of $7.4 m for the Brazilian soccer team for the next five years. As per the deal, the sports betting brand will appear on the sleeves of the team’s jerseys.

Financial Results

Sportsbooks in Indiana have seen a decrease in revenue last month as most major sports continued on hiatus. The state saw $29.8 million in sports wagers in June, which was down 20.1% from $37.3 million in May.

GAN Limited has updated the market following the publication of Internet gaming and Internet sports betting financial information for the calendar month of June 2020 in New Jersey, by the New Jersey’s Division of Gaming Enforcement. Internet Gaming Win was $84.9 million, Total Internet Sports Wagering Handle was approximately $165.0 million and Internet Sports Wagering Gross Revenue was $12.8 million.

Tax Break

The casinos in Illinois have reopened this month, but they are not paying as much tax to the state as they did before the COVID-19 pandemic, thanks to a change Springfield lawmakers approved quietly.

The casinos were not supposed to see their tax rate cut until a newly approved casino finally opened in Chicago, ramping up competition for the existing facilities outside of the state’s biggest city. But the change made during this spring’s session of the Illinois General Assembly moved up the date when the lower tax structure at existing casinos would take effect to July 1. That turned out to be the same day the casinos across the state reopened.

Analysis of Brazilian Market

In its latest Industry Report “Brazil Betting Focus: LatAm’s Largest Regulated Market in the Making?”, BtoBet analyses the strengths which characterise the Brazilian market.

The report gives detailed information regarding the country’s high mobile connectivity, strong internet penetration, mobile and fixed internet connection speeds and respective year-on-year changes, share of web traffic by device, and in-depth financial inclusion factors.

Compliance

Score Digital Sports Ventures Inc. (theScore Bet), subsidiary of Score Media and Gaming, has received Gaming Laboratories International GLI-33 certification for its mobile sports betting app and the sportsbook player account management platform it plans to deploy in Indiana.

The New Jersey Division of Gaming Enforcement has decided to prohibit betting on table tennis events in Ukraine and any matches involving six named Ukrainian players, after reports of alleged match-fixing.

Louisiana Gov. John Bel Edwards has approved an 8% tax rate on fantasy sports betting. Edwards approved the regulations for fantasy sports betting last month. The competitions for online cash prizes could not begin until the state set the rules and tax rate.