Gambling in the USA

LAS VEGAS – RE-LAUNCH OF THE STRIP, an important discussion at Sports Betting & Casino Summit North America 2020

Published

4 years ago

June 18, 2020

Reading Time: 6 minutes

The top industry companies have all confirmed their interest to join the Sports Betting & Casino Summit North America (Virtual Conference), which will open its virtual doors between 23-24 June

The virtual seats are limited, so hurry and register now to secure your seat(s)! REGISTER HERE

Lasvegassun.com has released an interesting editorial which is titled “Sights and sounds of Vegas give us hope for a full recovery”, and we can directly tie this piece with one of the most interesting land-based industry related panel discussions at Sports Betting & Casino Summit North America (Virtual Conference).

After the Bellagio fountains are now back to life with a playing of “Simple Gifts” to honor the Las Vegas front-liners who have protected the city during the pandemic, MGM Resorts International made another spot-on choice for the follow-up song. This is of course an anthem of the fabulous city, “Viva Las Vegas”.

Las Vegas is already booming and WADE VANDERVORT, of Lasvegassun.com wrote it so beautifully as we would not change anything:

“…it was a godsend to see waters dancing, lights twinkling and guests coming through the doors in the resort corridor and downtown. After 78 days of eerie quiet, Las Vegas took its first steps to recovery.

It’s a moment of hope and a reminder that our community has rebounded from crisis and tragedy before.”

Besides the Bellagio fountains, the gondolas are also gliding along the faux canals at The Venetian.

Up and down Las Vegas Boulevard, from Wynn Las Vegas at the north end to New York-New York and MGM Grand on the south end, gamblers are sliding bills into slot machines and wagering chips at blackjack and roulette tables.

Life is slowly returning to normal in Sin City.

As mentioned above, at Sports Betting & Casino Summit North America (Virtual Conference) we will discuss the subject, and the “LAS VEGAS – RE-LAUNCH OF THE STRIP” panel discussion has some very important guests who are joining us on the 23rd of June to share their insights.

The panel discussion is joined by Jay Kornegay (Vice President Race & Sports Operations – Westgate LV Resort & Casino), Seth Schorr (CEO of Fifth Street Gaming and Chairman of Downtown Grand Hotel & Casino) and Matthew Holt (President at U.S. Integrity), and will be moderated by Benjie Cherniak (Managing Director of SG Digital’s Don Best Sports group).

Do not miss this unique opportunity to attend a virtual conference that gathers all North American gaming industry experts for 2 days of discussions and networking. Register your seat now!

Jay Kornegay – Vice President Race & Sports Operations – Westgate LV Resort & Casino

Jay Kornegay is Vice President of the LVH – Las Vegas Hotel & Casino SuperBook. He has more than 26 years experience in the race and sports book industry. Jay graduated from Colorado State University in 1987 with a bachelor’s degree in Restaurant Business Management. Always intrigued by gaming, Jay moved to Nevada later that year to start his path in that field.

Starting in Lake Tahoe and soon afterwards moving to Las Vegas, Jay has worked at four major sports books. He opened the Imperial Palace sports book in 1989, which soon turned into one of the more popular sports books in the state of Nevada.

In 2004, Jay took the reins of the LVH SuperBook. As the world’s largest race and sports book with over 30,000 square feet, the SuperBook is one of the top sports books in Nevada. Over the years, the SuperBook has won numerous awards and often represents the Las Vegas market with national media outlets. It is known for its aggressive nature and being a player-friendly book by offering fair odds to guests. The LVH SuperBook is also known for offering Nevada’s largest wagering menu by posting many 2nd/3rd tier sports, as well as having an international flavor. In addition, the SuperBook hosts the “SuperContest,” which is recognized as the most prestigious pro football handicapping contest. For the fourth consecutive year, the “SuperContest” set a record for number of entries and marked the most entries ever this past football season at 1034.

Jay resides in Las Vegas with wife Pam, daughter Cara and son Nicholas. He is also well known for shooting a 36 on the front nine and a 59 on the back nine.

Seth Schorr – CEO of Fifth Street Gaming and Chairman of Downtown Grand Hotel & Casino

Seth Schorr is CEO of Fifth Street Gaming and Chairman of Downtown Grand Hotel & Casino. The urban casino resort is the embodiments of Schorr’s vision to create a downtown Las Vegas hospitality experience delivering a superior guest experience and a genuine sense of community.

Since beginning his career in gaming and hospitality in 1991, Schorr served as an integral member of the Wynn Resorts team, developing the international marketing department in Macau, the interactive gaming division, and The Wynn Collection of Fine Art. Earlier in his career, Schorr also worked in numerous capacities at Mirage Resorts including positions at Bellagio Hotel & Casino, The Mirage Hotel & Casino, and Treasure Island Hotel & Casino.

Schorr and his partner, Jeffrey Fine, co-founded Fifth Street Gaming which owns and operates five casinos. The principals of Fifth Street Gaming also control, through its affiliate, the LEV Restaurant Group, a food and beverage operation that owns and manages more than 50 restaurants in the Las Vegas area and Southern California including The Coffee Bean & Tea Leaf, Jamba Juice, Lobster ME, JaBurritos, Daily Kitchen, Evel Pie, and Golden Tiki.

In early 2015, Schorr was introduced to the world of eSports and lead the effort of developing the first fully integrated eSports program in a casino resort at The Downtown Grand. The Downtown Grand’s eSports program has included weekly eSports contests, team residencies and sponsorships, a weekly broadcast and professional tournaments. Schorr sits on the board of GameCo and advised on the development and launch of the world’s first video game slot machine. In 2017 Schorr launched Commercial Streaming Solutions which developed a patent-pending media platform, KonekTV, that provides streaming content, including Esports and sports betting content, to retail venues. Schorr is a founder of the Nevada Esports Alliance and continues to be a leader in the convergence of Esports and sports gambling. Schorr is the co-founder of The Strategy Organization: a Modern Gaming and Hospitality consulting firm.

Schorr is a graduate of the University of Pennsylvania, is a member of YPO and sits on numerous boards including those for The Las Vegas Natural History Museum, Nevada Restaurant Association, Jewish Federation of Las Vegas, the Advisory Board of The Smith Center for Performing Arts, One Night for One Drop and was appointed by Governor Sandoval to serve on Nevada State Board of Museums & History. He is also an executive board member and Chairman of the Communications Committee of the Downtown Las Vegas alliance. Schorr is an avid cyclist, amateur photographer and has two little angels Dax (10) and Mia (9). Most importantly, Schorr recently married Dr. Emily Schorr.

Matthew Holt – President at U.S. Integrity

Originally from New Hampshire, Mr. Holt originally honorably served in the United States Air Force. Once completing his term in the Air Force Mr. Holt attended Morehead State University, obtaining a sports marketing degree before taking up residence in Las Vegas, Nevada. Mr. Holt founded U.S. Integrity, LLC. based out of Las Vegas, Nevada. U.S. Integrity is the gold standard of game integrity and fraud prevention services in the United States. Mr. Holt and his team at US Integrity have built innovative, technology based solutions that allow for easy accessible data and analytics for fraud prevention and game integrity monitoring.

Benjie Cherniak – Managing Director of SG Digital’s Don Best Sports group

Benjie Cherniak is the Managing Director of SG Digital’s Don Best Sports group, a leading provider of sports information products and services relevant to the North American sports betting industry. Benjie oversees the company’s sports information platform, automated data distribution, live pricing, and ancillary consulting services.

Following the acquisition of Don Best by Scientific Games, Benjie has accelerated the growth of OpenBet, the company’s sports betting platform, by integrating Don Best’s world-class pricing services into the technology. Don Best’s trading and pricing expertise have seamlessly become an integral part of SG Digital’s core offering.

Prior to joining Scientific Games, Benjie spearheaded Don Best’s international growth via tailored solutions to tier-one sportsbook operators in the United States, Europe, Asia, Latin America and beyond. Under Benjie’s supervision, Don Best introduced (a) a proprietary pricing product for North American based sports that rapidly established itself as the industry standard; and (b) a data integrity offering to assist North American based sport leagues in identifying potential fraudulent betting patterns.

With 15 years of industry experience, Benjie is a leading voice in the emerging US sports betting industry from both an operational and legislative perspective.

Gambling in the USA

BetConstruct to Display Its Products and Services at Sigma Americas

Published

19 hours ago

April 18, 2024

GamingAmericas.com

betconstruct-to-display-its-products-and-services-at-sigma-americas

BetConstruct, a leading company in iGaming technology and services, is heading to Sigma Americas in Sao Paulo, Brazil from April 23-25, 2024.

Sigma Americas is a major event focusing on iGaming with 10,000 delegations and more than 200 professional speakers. This event serves as an exceptional platform for participants to present their innovative offerings, engage with fellow industry leaders, and establish new business relationships.

BetConstruct is poised to introduce its cutting-edge products and solutions to the growing Brazilian market at the upcoming event. As a premier provider of online iGaming solutions, the company will showcase its comprehensive range of services to all attendees, offering diverse solutions tailored to meet their specific needs and preferences.

Moreover, BetConstruct will demonstrate its newest Spettacolare offer by Mr. First, which is a fleeting opportunity to maximise user profits and explore the potential of FTN.

Attendees of the event can find BetConstruct in the Transamerica Expo Center at Stand O60, where they will have the opportunity to gain a comprehensive understanding of BetConstruct’s products and solutions.

BetMGM

Play’n GO announces expansion of BetMGM partnership with Pennsylvania launch

Published

1 day ago

April 18, 2024

GamingAmericas.com

play’n-go-announces-expansion-of-betmgm-partnership-with-pennsylvania-launch

Swedish gaming giants’ games now live with leading US operator in Michigan, West Virginia, New Jersey, and the Keystone State

Play’n GO, the world’s leading casino entertainment provider, has today announced further expansion of its partnership with leading US operator BetMGM,with the Swedish gaming giant’s content now available with the group in Pennsylvania.

Play’n GO and BetMGM’s US partnership has already proven stunningly successful in Michigan, New Jersey, and West Virginia, and this expansion sees the partnership extend to a fourth US state. Having secured its Pennsylvanian gaming license in March, Play’n GO is now live with two operators in this key state. BetMGM players in Pennsylvania now have access to classic Play’n GO titles, such as Reactoonz.

Play’n GO is now licensed in six US states and is aiming to be active in every regulated market, in the US and around the world.

Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re pleased to expand our partnership with BetMGM into a fourth US state, and look forward to continued success together. We have always been committed to a safe, regulation-led industry to secure a sustainable future for us all. BetMGM share our vision, and so are a perfect partner for us. We will continue our mission of being active in every regulated market around the world, and we’re excited for further growth opportunities well into the future, in the US and beyond.”

Gambling in the USA

Casino Management Systems Market size worth $ 30.36 Billion, Globally, by 2031 at 15.5% CAGR – Report By Verified Market Research®

Published

2 days ago

April 17, 2024

GamingAmericas.com

casino-management-systems-market-size-worth-$-3036-billion,-globally,-by-2031-at-15.5%-cagr-–-report-by-verified-market-research

The Global Casino Management Systems Market is projected to grow at a CAGR of 15.5% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 9.59 Billion in 2024 and is expected to reach USD 30.36 Billion by the end of the forecast period.

Scope Of The Report

REPORT ATTRIBUTES	DETAILS
STUDY PERIOD	2021-2031
GROWTH RATE	CAGR of ~15.5% from 2024 to 2031
BASE YEAR FOR VALUATION	2024
HISTORICAL PERIOD	2021-2023
FORECAST PERIOD	2024-2031
QUANTITATIVE UNITS	Value in USD Billion
REPORT COVERAGE	Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED	Module Application
REGIONS COVERED	North America Europe Asia Pacific Latin America Middle East & Africa
KEY PLAYERS	International Game Technology, Scientific Games Corporation, Everi Holdings Inc., NCR Corporation, Micros Systems, Konami Gaming, Light & Wonder, Astra Gaming Group, Novomatic AG Group, Gauselmann Group, Gamesys Group plc, BetConstruct, Melco Resorts & Entertainment, Galaxy Entertainment Group, SJM Holdings Limited, Suncity Group, Paradise Entertainment Limited
CUSTOMIZATION	Report customization along with purchase available upon request

Casino Management Systems Market Overview

Technological Advancements Propel Growth: Technological advancements play a crucial role in driving the ever-changing Casino Management Systems Market. Advancements like AI-powered analytics, integration with IoT, and mobile compatibility contribute to improved operational efficiency and increased customer engagement. These advancements fuel the need for businesses to improve their operations and provide exceptional customer experiences, leading to the growth of the market.

Rising Demand for Enhanced Security Solutions: Security is a major concern in the Casino Management Systems Market, leading to a high demand for cutting-edge security solutions. Given the rising number of fraudulent activities and data breaches, casinos are actively looking for strong security measures to protect their assets and ensure the safety of customer information. Addressing these concerns, solutions that provide biometric authentication, encryption, and real-time monitoring can foster trust among stakeholders and contribute to market growth.

Increasing Regulatory Compliance Requirements: The Casino Management Systems Market is seeing a notable increase in demand due to the growing importance of regulatory compliance. Comprehensive compliance solutions are required to meet the stringent regulations in the gaming industry. By utilising systems that provide regulatory reporting, audit trails, and age verification capabilities, casinos can ensure compliance with legal requirements and prevent potential penalties. The increasing emphasis on compliance highlights the significance of advanced management systems, driving the growth of the market.

High Initial Investment Costs: One of the main challenges in the Casino Management Systems Market is the significant upfront costs involved in implementing comprehensive management solutions. Acquiring, integrating, and customising these systems can result in significant upfront expenses for casinos. The financial obstacle hinders the expansion of the market, especially for small and medium-sized businesses. Nevertheless, companies that offer adaptable pricing structures and scalable solutions can help alleviate this limitation, thereby expanding the market’s accessibility to a wider array of businesses.

Integration Challenges and Legacy Systems: The Casino Management Systems Market faces significant challenges due to the complexities of integration and the presence of legacy systems. It is common for casinos to have a wide range of IT infrastructures, some of which may be outdated and incompatible with modern management solutions. Implementing new systems and ensuring smooth compatibility with current infrastructure demands significant time, resources, and specialised knowledge. The integration challenges mentioned can impede market growth as they result in longer implementation timelines and higher deployment costs.

Concerns Regarding Data Privacy and Security: In the ever-growing landscape of data breaches and privacy scandals, the Casino Management Systems Market faces significant challenges when it comes to data privacy and security. Casinos are responsible for managing extensive amounts of sensitive customer data, which includes personal and financial information. This makes them highly attractive to cyber threats. With increasing regulatory scrutiny, casinos are under growing pressure to maintain data protection standards and ensure the privacy of their customers. Tackling these concerns necessitates strong security measures and adherence to data privacy regulations, which introduces additional complexity and expenses to system implementations, thereby limiting market expansion.

Geographic Dominance:
The forecast period is expected to see the Asia Pacific region experiencing the most significant growth. Several countries in the Asia Pacific region, such as Macau, Singapore, the Philippines, and South Korea, have experienced significant expansion in their casino industry. Emerging markets are actively expanding their gaming sectors in order to attract more tourists and boost revenue. This expansion requires sophisticated management systems to optimise operations, enhance visitor experiences, and ensure compliance with regulations.

In addition, the Asia-Pacific region has experienced a notable rise in middle-class populations and disposable incomes. As a result, there has been a growing trend of increased leisure spending, with a particular focus on gaming and entertainment. With the increasing number of casino visitors, there is a growing need for cutting-edge casino management systems. This has led to the creation of innovative technologies that enhance customer service, marketing strategies, and overall operational efficiency.

Casino Management Systems Market Key Players Shaping the Future

Major players, including International Game Technology, Scientific Games Corporation, Everi Holdings Inc., NCR Corporation, Micros Systems, Konami Gaming, Light & Wonder, Astra Gaming Group, Novomatic AG Group, Gauselmann Group, Gamesys Group plc, BetConstruct, Melco Resorts & Entertainment, Galaxy Entertainment Group, SJM Holdings Limited, Suncity Group, Paradise Entertainment Limited. and more, play a pivotal role in shaping the future of the Casino Management Systems Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Casino Management Systems Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Casino Management Systems Market into Module, Application, And Geography.

Casino Management Systems Market, by Module
- Slot Games
- Table Games
Casino Management Systems Market, by Application
- Accounting
- Security & Surveillance
- Players Tracking
- Marketing & Promotions
- Gaming Analytics
- Others
Casino Management Systems Market, by Geography
- North America
  - U.S
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - U.K
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - Rest of Asia Pacific
- ROW
  - Middle East & Africa
  - Latin America

Leading Casino Management Systems taking gambling to new heights

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