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October 28, 2023
Arizona Department of Gaming Releases June Report, Betting Handle Drops 31%

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The Arizona Department of Gaming has released its June monthly report, which states that the total sports betting handle was $318.7 million in the said month. The number represents a massive 31% drop from the $461.4 million handle in May.

Arizona Was Ranked 6th Nationally in Handle and a Majority of Bets Were Made Online

According to the report, $315.9 million of the total handle came via mobile bets. Additionally, Arizona ranked 6th nationally in total handle.

Payouts were decent in the month as the total winnings by players reached $306.2 million. Mobile winnings reached $303.3 million, whereas retail winnings were $2.9 million.

FanDuel, which is set to launch its own sports TV network, was the biggest winner in June. Its retail handle was $2.3 million and its mobile handle reached $103.9 million. Caesars (American Wagering) had a $331,583 retail handle and its mobile sports betting handle reached $59.7 million.

DraftKings/Crown Gaming’s mobile revenue reached $92.8 million, followed by BetMGM ($59.7 million) and Penn Sports (Barstool Sports), whose mobile revenue was $9.3 million. Rush Street Interactive’s mobile handle was $3 million SBOpco, LLC (SuperBook) had a $2.7 million mobile sports betting handle.

The top 5 operators in terms of payouts were FanDuel ($96.4 million), DraftKings/Crown Gaming ($96 million), BetMGM ($54.3 million), Caesars (American Wagering) ($32.2 million), and Penn Sports (Barstool Sports) ($8.5 million).

Ted Vogt, the director of ADG, stated that even though June was relatively slow, Arizona’s numbers were still strong on a national level. He noted that the operators contributed more than $750,000 in privilege fees. According to Vogt, the total amount of privilege fees since the start of legal sports betting operations in the state reached almost $17 million.

Arizona’s FY2022 Resulted in $2.7 Billion in Gross Gaming Revenue

Recently, ADG also released its FY2022 report. During the period between July 1, 2021, and June 30, 2022, the total GGR reached $2,709,320,418. Aggregate revenue (tribal contributions) that were deposited in the Arizona Benefits Fund reached $123,645,398 (interest thereon included).

The annual report shared details as to how the money will be distributed. The Arizona Benefits Fund received 88% of the total annual contribution of each gaming tribe. The ADG will use 9% of $8 million (whichever number is greater) for “reimbursement of administrative and regulatory expenses.”

Then, 2% of the contributions will be used to fund programs related to gambling harm treatment and education.

The rest of the money will be distributed in the following way – 56% of the money will be deposited in the Instructional Improvement Fund. The Trauma and Emergency Services Fund will receive 28% of the money and the Arizona Wildlife Conservation Fund will receive 8% of the money.

Finally, the e Tourism Fund Account will receive an additional 8% of the money. The report states that the ADG will distribute the money on a quarterly basis.

The remaining 12% that is not deposited to the Arizona Benefits Fund will be contributed to cities, towns, and counties.

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September 6, 2022
Fubo Gaming Joins AGA’s Efforts to Promote Responsible Gambling in September

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Fubo Gaming, a subsidiary of TV streaming platform FuboTV Inc., has become the latest iGaming and sports betting operator to back the American Gaming Association’s Responsible Gaming Education Month this September. The goal of the campaign is to educate consumers on the dangers of sports gambling, with a strong focus on teaching new and experienced bettors how to participate in the hobby responsibly and raise awareness about such underlying issues as problem gambling.

More Companies Committed to Raising Awareness for RGEM

The campaign also focuses on improving gambling literacy and debunking myths along with providing extensive training to employees who are often the first to spot issues with customers and act on them.

As part of this campaign, Fubo Gaming is going to incorporate American Gaming Association’s responsible gambling messaging and program, namely “Have a Game Play. Bet Responsibly,” along with pertinent materials.

The messaging will be visible across Fubo Gaming’s social media channels, and it will focus on driving the message home to sports fans and active sports bettors. The company is also going to work on its in-house team to help educate them about problem gambling and equip them with the knowledge and tools to assist customers and promote responsible gambling for everyone.

Fubo Gaming president Scott Butera welcomed the opportunity to be joining Responsible Gaming Education Month and amplify the message about the importance of responsible gambling. Butera added:

We firmly believe social responsibility contributes to the best player experience. As professionals in the emerging sports wagering industry, it’s our responsibility to take a proactive approach toward responsible gaming initiatives, not only in September but throughout the year, to ensure long-term sustainability.

Fubo Gaming president Scott Butera

Fubo Gaming Gets Frequent Responsible Gambling Training

Fubo is already engaged with responsible gambling on multiple fronts, including by offering frequent training to employees. This is provided year-long and targets different levels at the company. Refresher courses are also frequent at Fubo which is committed to upholding the highest industry standards.

Fubo employees get to familiarize themselves with self-exclusion and limits, training, and user education programs. Previously, Responsible Gambling Education Month was known as Responsible Gambling Education Week and was established back in 1998.

The recent push towards the legalization of sports gambling and iGaming has prompted AGA to step up its efforts and bring more companies in trying to educate and explain the significance of responsible gambling and why promoting these messages is important in the first place.

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September 2, 2022
July Gaming Win for Operators in Nevada Hits $1.3B

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Gaming operators in Nevada reported strong revenue for July, judging by details released by the gambling regulator.

NGCB Unveils Financial Results for July

On Tuesday, the Nevada Gaming Control Board (NGCB) released the financial results for licensed operators showing that the gaming win in July hit $1.3 billion. Although this was a strong result which marks the 17th month in a row with gaming win above $1 billion, a year-over-year comparison for the same period shows a slight 3.2% decrease. Despite the slight decrease when compared year-over-year, the gaming win last month increased when compared to the pre-pandemic period. In July 2019, the gaming win halted at $1 billion, while back in July 2018, it hit $995 million.

A breakdown of the results shows that the gaming win for Clark County operators hit $1.1 billion last month. When compared to the $1.2 billion reported for the same period in 2021, a slight decrease of 3.3% is observed. What’s more, the gaming revenue this July did not surpass the $860 million reported for pre-pandemic July 2019.

Downtown Operators’ Revenue Plummets

The NGCB provided a further breakdown of the gaming win reported by Clark County operators. Not unexpectedly, Las Vegas Strip operators reported the highest gaming win last month. In total, the gaming win for Strip operators was $773.4 million, down 2.4% when compared to the $792.6 million reported for July last year. Although July was a strong month for Strip operators, this was not the case for Downtown operators. Last month, the gaming win reported by Downtown gambling venues was $60 million, down 15.6% when compared to July 2021.

Operators located within North Las Vegas reported $24.6 million in gaming win, marking nearly a 4% decrease when compared to the same period last year. On the bright side, Boulder Strip operators saw $72.7 million in gaming win last month. When compared to July last year, this result marked a 3.6% increase.

Gaming licensees located within Washoe County reported $94.8 million in gaming win for July. That result marked a slight 5.3% decrease when compared to the $100 million in gaming win reported for the same period in 2021. South Lake Tahoe operators reported $31.8 million in gaming win last month, while Elko County’s gaming win increased to $36 million.

According to the NGCB, the state collected $90.4 million in taxes based on the taxable revenues generated by gambling operators in July 2022. When compared to the $97.7 million in taxes collected in July 2021, a decrease of $7.3 million or 7.48% is observed.

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August 31, 2022
Time Spinners Hacksaw Gaming – Gambling Apps Store

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Watch the clock in Hacksaw Gaming’s latest slot release, which presents a mystical world of time travelling with Time Spinners.

RELEASE DATE

Out now

THEME

Time travel

THE PITCH

Time Spinners is a 5×4 reel, 10-payline slot with a maximum win of up to x10,000 the player’s stake.

VOLATILITY

TBC

RTP

96.19 per cent

THE SYMBOLS

Low value symbols in the game come in the form of suits from a deck of cards with clubs, diamonds, hearts and spades. If the right amount of winning combinations land in one go then these symbols can offer between x0.1 and x2 the player’s stake.

Medium value symbols are represented by books and scrolls, offering between x0.5 and x5 the player’s stake if the right amount of combinations land on a single spin.

Additionally, high value symbols are depicted as timers and planetariums. These symbols can offer between x1 and x20 the player’s bet, depending on the amount of matching combinations that land in one turn.

Two types of wilds are included in the title, with a standard W wild substituting for all paying symbols and a pocket watch wild that reveals a multiplier between x2 and x12 after being involved in a winning payline.

Both the standard W and multiplying pocket watch wilds can offer a payout of x20 the player’s stake for a five-of-a-kind combination of each symbol.

A special green sync pocket watch is also available. This will cause all standard pocket watch wilds on the reels to synchronise, giving them all the same value of the watch with the highest multiplier.

Finally, a ghost symbol can drop onto the reels, triggering a borrowed time bonus game mode if three or more land on the reels at once.

THE DETAILS

The borrowed time bonus game has two phases, the collect phase and the payout phase. During the collect phase, only pocket watches, sync watches, echo symbols and non-winning blocker symbols can drop onto the reels.

These echo symbols have the ability to multiply or add to a payout, with the normal echo symbol appearing as a yellow addition sign. This normal echo will showcase a value that is to be added to all multipliers on the reels. This value can be between one and 10.

The epic echo showcases a blue multiplication sign and will multiply all present pocket watch multipliers by the value it depicts. The multiplying value can be between x2 and x5, meaning if a x2 pocket watch was on the reels and a x4 echo symbol landed with it, the pocket watch would increase to x8.

This collect phase starts with three free spins, with the aim of the game being to collect as many special symbols on the reels as possible. Every special symbol that lands will reset the amount of spins to three. This phase will end when three spins run with no special symbols landing, triggering the payout phase.

With the payout phase, the special symbols from the collect phase’s reel will stay in place, and five free spins will bring the base game symbols onto the reels. The symbols earnt in the collect phase will increase the win potential of the payout phase.

Furthermore, a FeatureSpins feature can be activated. This gives the player a higher chance of gaining the bonus features by increasing their bet amount by x2.

Players also have the opportunity to buy the borrowed time bonus feature for the price of a significantly increased bet.

SOCIAL

DEMO

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August 29, 2022
Junket and Gaming Closures See Macau’s Unemployment Increase

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The dismantlement of mass junket operations in Macau has had an expected consequence – an increase in overall unemployment. In the first months of the junket clampdown, former employees of those businesses reported that they had experienced a steep decline in their finances and were struggling to adapt and find new jobs. This is not surprising, as junkets accounted for a hefty number of the total workforce in the Special Administrative Region.

New Data In, Unemployment Numbers Up

Now, the Statistics and Census Service has put the unemployment rates of residents for the period between May and July 2022 at 5.4% in the latest surveyed period. This is not necessarily due to the dismantlement of junket operations, with a more pressing worry being the immediate restrictions to Macau casinos that are put in place to fight the spread of COVID-19. Some 377,000 workers are presently in Macau and have different positions across the city’s businesses.

Expectedly, employment in gaming and junket activities, hotels, restaurants, and other leisurely businesses saw a decline. Meanwhile, unemployed individuals hit 15,600 over the latest surveyed period. Most of these newly unemployed workers though used to work in the junket or gaming sectors. There has also been an increase in underemployed workers, who have now reached 50,600 of the total workforce.

There is still a lack of full-scale recovery that would allow tourism to pick up. However, the Macao Government Tourism Office has already restarted promoting the SAR to mainlanders in China. In fact, the Saturday visitation reached 18,620, the highest it has been since August 3 when travel restrictions from the nearby Guangdong province were finally lifted.

Tourism Rebounds as Concessionaires Face More Pressure

Between August 20 and August 26, Macau saw as many as 103,162 tourists entering the SAR, with travel picking up. Macau is also on a mission to transform itself from a gambling hub (at least for Chinese citizens) to one that attracts international tourists and gamblers. The SAR is increasingly looking to pull away from asking Chinese visitors to spend their money on games of chance.

But then again, concessionaires would need to still reach a minimum revenue threshold as outlined by the administration. While skilled laborers may be readily available on the market, Macau’s six concessionaires will have to come up with a way to attract more tourists while navigating the vagaries of Beijing, which is determined to uphold a zero-COVID-19 policy. The “Macau Week” promotion on the mainland should help bring more tourists happily, but Macau should also tread carefully for the aforementioned reasons.

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August 29, 2022