MGM and LeoVegas Merger & Impact

About MGM Resorts International

International entertainment corporation MGM Resorts International, with sites in the United States and across the world, offers a broad variety of hotels, casinos, restaurants, nightlife, and retail establishments, as well as state-of-the-art meeting and conference facilities. With a wide range of Las Vegas-inspired brands, MGM Resorts provides unforgettable, immersive experiences. There are 29 distinct hotel offers in the MGM Resorts portfolio. These include some of the most well-known hotel brands in the market. The firm is spreading throughout the United States.

Who is LeoVegas?

LeoVegas is a rapidly expanding online gambling brand with a significant presence in multiple European markets. This partnership will help MGM gain access to new players who might not have interacted with their brands, giving them an advantage over competing casinos. It also allows them to share data about customers’ in-game preferences, allowing MGM to target its marketing better towards players who might be interested in additional products like sports betting or poker. Finally, we’ll likely see some casino branding on some of MGM’s more popular TV shows in the future – perhaps as a cross-promotion/marketing tactic with LeoVegas.

The MGM and LeoVegas Merger

MGM Resorts and LeoVegas have announced that they will be merging. This is one of many mergers in recent years as casino companies are struggling to compete with technological changes while keeping their brands relevant in an increasingly competitive market. The most notable merger was Caesars Entertainment’s merger with Hyatt Hotels. The new company, Caesars, owns over 50 casinos across America under several different brand names. MGM has struggled to keep its heads above water in a hyper-competitive casino market; the company even discussed bankruptcy only months ago before plans were made to merge with LeoVegas.

Why Does It Matter?

It’s common knowledge that casinos are consolidating in brick-and-mortar establishments and online. One company has been leading the charge: MGM Resorts International. The casino giant recently finalized a $1 billion deal to purchase peer Caesars Entertainment Corporation, giving total control over two major brands: Caesars Palace on Las Vegas Strip and its online betting site, Planet 7 Casino. Overlapping businesses isn’t uncommon in business mergers, but it was an unusual pairing. The deal was particularly unique because Meruelo Group (which also owns the Chilean soccer team Universidad Católica) already owned Planet 7.

How Much Will The Industry Change?

Back in 2011, it was rare to see a significant casino brand bought out. Such deals are becoming more commonplace as casino conglomerates compete for market share. Two such organizations recently got together: MGM Resorts International has announced plans to purchase Swedish gambling giant Leovegas AB. The $4 billion deal will combine two companies with a lot in common:

both have ties to sports betting as well as operations in Macau;
both are leaders in online gaming;
both operate outside Las Vegas (LeoVegas runs out of London, and MGM is based near Detroit).
That makes some pundits question how much further change we’ll see—and whether other brands might follow suit.

What Can Casino Operators Do?

It is increasingly challenging to find ways to differentiate yourself from your competitors in a growing market. However, if you’re looking to take your casino game above and beyond expectations, then consider utilizing virtual reality in your overall strategy. Whether it’s a tabletop machine that allows players to interact with their avatar on-screen or even an entire area dedicated to VR games/rooms, you can use VR as a gateway tool that leads to bigger-ticket revenue streams.

What Does This Mean For Casino Players?

Casinos have become increasingly consolidated as brands are bought out or merged with larger companies. Several of these mergers occurred within just a few months in 2017. For example, The Rank Group, which owned PokerStars and Full Tilt Poker, merged with Oryx Gaming in March 2017. Then in June 2017, Scientific Games acquired Bally Technologies for 5 billion dollars. With MGM purchasing a 15% stake in Leovegas, there will likely be further consolidation between different casino brands to make room for newly minted giant—LeoVegas. This type of consolidation might be troubling if you were betting on one particular brand staying independent to retain your business.

Other Changes To Expect In The Future

This year has already seen some significant changes to our favorite casinos. These mergers will continue happening as more online casinos need more investment capital. This year has seen an exciting merger between Betway and Aspire Global and several changes in ownership of brands such as Ignition Casino, which is now owned by The Stars Group (formally Amaya). The growth of technology will also impact how people gamble with their mobile devices becoming ever more powerful. You should expect that we will see our current favorite games continue to be played on these mobile platforms, but new games could include augmented reality or virtual reality versions that we can access with only our phone or tablet. We may even see new types of gambling introduced – like betting on sports events via your phone!

To Conclude: Why is MGM buying LeoVegas?

This might come as a shock to some, but not everyone is on Instagram. In fact, in 2015, just 9% of people over 50 used social media. Facebook is the largest, with 68% penetration among US adults. But Instagram has more 18-29-year-olds as active users than any other platform – leaving Snapchat behind. So it makes sense that MGM and LeoVegas want to target younger gamblers through Instagram’s new IGTV feature. The deal will allow MGM Resorts International to use IGTV videos across its casino brands, including Bellagio, Mandalay Bay, Luxor, and Mirage. The company will also be able to access LeoVegas’ existing user base of 1 million followers. MGM hopes to attract younger gamblers by using these videos, but they hope that LeoVegas’ experience in video content creation will help them improve their offerings.

ICE London Returns April 2022

Almost everyone in the online gambling industry has heard about ICE, even if they haven’t actually attended yet. This massive B2B gambling business event brings together over 30,000 industry attendees from all over the world. ICE London is held every year in London’s ExCel Centre.  This event is well known for extravagant parties, and plenty of networking over drinks and canapes. However, the Covid pandemic put everything on hold for the last 2 years and that unwelcomed hiatus means this year will surely be extra charged with energy!

What is ICE London?

The International Casinos Exhibition initially allowed operators, suppliers, marketers and investors an opportunity to meet face to face with a wide range of other gaming professionals. There is a huge space dedicated to landbased casino operations. You’ll see hundreds of game terminals from industry giants from around the world. They are showcasing their latest technology and making new business connections, finalising sales and catching up with existing customers. Over the years since the event moved from West London the online casino gambling space has grown significantly too.

An Evolved Event

In our opinion as attendees for a long time; attitudes and marketing techniques have also evolved over the years. Back in the 2000’s, operator stalls were frequently hosted by scantily clad women offering free drinks and branded merchandise. Free T-shirts, keyrings and notepads filled attendees free tote bags. The event was noticeably male dominated too. Today though the stars of the show are the gaming brands themselves. Huge stands with multi-levels, dizzying displays showcasing new technology and games vie to catch attendees attention. There are fun social tournaments, games and hands on testing of the latest technology. The online gambling industry has grown so much, and with it the floorspace required to cater for all the new brands.

A great way to reflect on the industry’s growth not just in value but in maturity is the knowledge sharing that goes along with it. Panels bring to the forefront sensitive topics on problem gambling, diversity and equity in the industry.

A 2022 ICE London Party

The website itself currently promotes a sense of celebration with a fireworks background. So many strong partnerships, idea sharing and business growth bloom from face to face meetings in the gaming industry, ICE itself is a firm fixture on everyone’s business and social calendar. A time for making new acquaintances, sure. But a strong element that keeps people returning every year is the knowledge they will be regrouping with old colleagues, business partners and friends.  As the event goes on, more and more of these encounters will have a few hungover faces in attendance too!

ICE London Attendance Tips

Experienced igaming professionals will already know how to navigate this colossal industry event but if you’re new to gaming or this is your first time here’s a few tips to help you through.

  • Plan your days realistically. The space is huge! Give yourself a short break between meeting where possible – back to backs will have you running late.
  • Give yourself some free time to explore. There are always a whole range of new companies in attendance and stepping over from online to offline or vice versa is an interesting opportunity to see first hand what’s trending.
  • Check out the attendees list beforehand. Earmark in advance who you want to meet with and let people know you’ll be attending so you can book meetings if necessary.

The ICE London event will be held 12th until 14th April. For more information on attendees and to register click here

Gambling crackdown plans in motion in the UK

Plans are currently underway for a crackdown on the gambling industry. An influential and powerful alliance has emerged, bringing together some of the oddest collaborators. It consists of health professionals, academics, regulators, and religious leaders. Cases made for the crackdown on policies are lauded by both the Daily Mail and The Guardian. Politicians who would normally never agree on anything have also united on this.

This attitude is built on the belief that gambling is a significant public health concern. This alliance want to put limitations on people who bet and aim to challenge previously accepted freedoms.

If they succeed, anybody intending to place a wager of any kind would face affordability checks. They would have no choice but to let an ombudsman appointed by the state review their financial affairs. Whether or not they spend money on betting will no longer be their decision.

Figures on both sides of the argument agree on one point; the next round of the crackdown might result in the most significant changes to gambling regulatory laws in a generation.

Some people increasingly refer to gambling as if it were a bad word despite being a completely legal pastime. Tessa Jowell, the culture secretary behind the 2005 Gambling Act accused critics of her relaxation of gambling regulations of snobbery.

As bookmakers have added online operations to their offerings, the nature of betting has expanded. Gambling has undoubtedly evolved. Once upon a time, the image of a bookmaker conjured up in people’s minds was rather different. A man in a sheepskin jacket screaming the odds from a wooden box at Kempton Park would probably have come to mind. That caricature has now faded from the spotlight.

A revolution has transpired in the industry. There is now gaming where there was once only bookmaking. Although the two are distinct from each other they are frequently the same companies who operate them. As a result, many people regard them as the same thing, deserving of the same scorn.  Few things have sparked as much rage as fixed-odds betting terminals. Their popularity in betting shops skyrocketed as a result of the 2005 legislation.

The machines are now strictly regulated, however, with maximum stakes reduced from £100 to £2 back in 2019. Other forms of betting and the freedom of gambling firms to advertise have all been part of the debate.

The shift in attitude may be as a result of the transition in betting from a physical, in-person experience to one that is more virtual. It is now less focused on human interaction.

The development of online gambling has altered how the general public views betting in a negative way.

It is a tricky balance to manage.  Many people enjoy gambling and have no qualms about it. However many people don’t like the types of things heavily promoted alongside it.

If you sign up to bet on horse racing or sports, you will be cross-sold other things as well.  The convergence of bookmaking and gaming items is the issue that makes a lot of people uneasy.

Politicians on both sides of the divide are just one of the major groups in the crackdown on gambling. They believe that gambling is one of the most serious public health concerns of our day. High-profile figures in the public health sector have also been among the most outspoken critics of gambling.

The result is a lobbying alliance that is becoming increasingly powerful and successful. The Guardian for example plans to publish a book by one of its writers that promises to expose the gambling industry. The Daily Mail has also covered it.

Public health is gradually infiltrating all areas of our lives attempting to assert control over what we eat, drink and spend our free time on.

Ian Duncan Smith’s Centre for Social Justice released a paper titled “Not a Game: A Call for Effective Protection from Gambling Harms” on May 17, 2021.

Duncan Smith states in the report’s foreword that the gambling industry now poses a very real threat to our communities. He believes the time has come to get a grip on this pernicious addiction. He also points to the strong link to social problems including drug and alcohol addiction, debt and family breakdown.

The CSJ proposes a solution based on Big Brother-style state surveillance of gamblers. It advocates for the implementation of affordability checks which would be an unparalleled infringement on civil liberties. Those who wish to gamble would lose a significant amount of privacy. Banks would be required to disclose client information with the ombudsman. Betting companies would then be required to act by potentially rejecting a bet. The mandatory tracking of all transactions would be critical to the system’s success. The state may use the precedent to record, monitor, and analyse all financial activities.

Banks can use machine learning to assess gambling customers’ financial circumstances. An algorithmic technique assures neutrality in affordability calculations while also limiting any privacy issues, however.

Many people would prefer to stop betting completely than allow their personal transactions to be scrutinized by authorities via these crackdown measures.

The ramifications for the gambling business would be significant. The outcome would be similarly disastrous for horseracing, which is primarily sponsored by punters.

Affordability checks, according to British racing’s executives, could cost the sport more than £60 million a year in lower levy money and media rights fees. Furthermore, the CSJ wants the government to prohibit the promotion of bookmakers, betting, or gambling.

They demand a complete ban on gambling marketing, enticements, and advertising throughout the United Kingdom. They recommend a strategy similar to that used in tobacco control. This in effect covers all types of advertising, including promotion and sponsorship.

The crackdown on gambling has spread to commercial broadcasters like ITV and earlier channels. These companies rely on partnerships and advertising arrangements with bookies to generate revenue. The ban would certainly put an end to practically all mainstream television coverage of the sport. Racetracks would also lose their single largest source of sponsorship revenue.

Suncity and the Macau gambling clampdown

Macau casino operators The Suncity group share prices’ have plummeted, following the arrest of 11 people on suspicion of money laundering and illicit gambling, Authorities have said his case is being handled according to Macau’s gambling laws. These are different from those in mainland China and the investigation is separate from the one in Wenzhou.

Authorities had previously stated that they were questioning Alvin Chau, a prominent figure both in the gaming industry and in the public eye. Mr Chow’s way of life embodied the best of what the city had to offer. He patronised motor racing events, developed movies, and posed for pictures with celebrities. Mr Chau, a Macau native with Portuguese citizenship, made his money in the city’s VIP clubs. Starting around the year 2000 he built his way up. He was managing a VIP suite in a renowned hotel by 2007. Within three years, he was on a list of Macau’s most prominent personalities. It wasn’t unusual to see him at social events dressed like a film star.

He once showed off a tattoo with the words “Suncity Group” as he posed bare-chested.

Mr Chou won favor in Beijing by advocating for greater links between mainland China and Macau and Hong Kong. However, by creating casinos overseas aimed at Chinese gamblers he appeared to be overstepping the mark. The mainland regulators rejected his proposals.

Chinese official media suspected him of leading a cross border gambling network. The mainland of China has prohibited gambling. However, since Macau permitted gambling it has overtaken Las Vegas to become the world’s largest casino hotspot.

Alvin Chau headed up Suncity Group Holdings. This company encompassed the largest junket operator in Macau which organizes vacations to Asian gambling destinations. SunCity had 4,500 employees and casinos in Russia and Vietnam by 2019. In July of that year, a state-run newspaper claimed that the SunCity Group were enabling gamblers to evade Beijing’s restrictions. This was leading to the transfer of billions of dollars out of the country.

Mr Chou disputed the charges but publicly apologized for the damage to Macau’s and the gaming companies’ reputations. He put out a video presenting the company’s bank documents a year later claiming that they weren’t soliciting gamblers in China. Mr Chou resigned as chairman of the group following his arrest.

The Hong Kong Stock Exchange has halted trading in Suncity Group shares

This has hit many operators hard. MGM China dropped 10%, Wynn Macau was down 8%, and Sands China was down more than 6%.

The Global Times identified Mr Chau as the boss of a cross-border gambling criminal gang. They claim that it has over 12,000 gambling operators and 80,000 participants all across China. Mr Chau is also a majority shareholder of Sun Entertainment Group, a Hong Kong-listed cremation services and film production company. It has since stated in a stock exchange filing that its management had acknowledged the accusations. Suncity has come out and stated that the company, its subsidiaries, and employees are not being investigated in connection with Chau’s arrest. They did state however that losing Chau’s financial support would have a negative impact on the company’s business and operations.

The Sun Entertainment Group’s stock fell by almost 30% in the fallout of the news.

In recent months, officials have increased their monitoring of Macau’s casinos in order to successfully oversee their operations. Lei Wai Nong, the city’s secretary for economics and finance, announced a 45-day review period on gambling operators in September. The aim of which was to identify and highlight flaws in the industry.

Mr Lei outlined nine items for discussion during a news conference. These included better sector regulation and government officials overseeing daily casino management. Casino gambling is prohibited on the mainland and Chinese tourists are by far the most frequent visitors to Macau. High flyers’ huge wagers helped Macau become one of the richest places on the planet. A status-based primarily on gaming earnings. Although Macau’s six casino owners have no official ties to junkets like Suncity, they have relied on them to bring in high rollers for decades. In 2021, the VIP customers accounted for almost 35% of their $68 billion in gambling revenue.

The pandemic has wreaked havoc on the industry, essentially eradicating Macau’s main source of revenue. In October, casinos suffered their worst month of the year. Gaming revenue was down 40% from 2020. In 2019, revenue was down 83 percent from pre-pandemic levels. All this is a long way away from Suncity’s heyday in 2013. That year saw the company’s VIP rooms take more than HK$180 billion in a single month.

Since 2020, China has ramped up its anti-cross-border gambling campaign.

It has released a number of government and legal announcements. In addition, it has revised its legislation to specifically prohibit mainland Chinese nationals from gambling abroad.

State media has reported that Beijing’s top envoy in Macau will be appointed as the local government’s national security adviser. The matter has drawn additional attention to Macau’s junket system. This is a network of brokers tasked with attracting high-rollers, lending them money, and recovering loans. Junkets were first introduced to Macau by the late tycoon Stanley Ho, who controlled the city’s gaming monopoly until 2002.

According to Morgan Stanley, the VIP industry that brought the junkets in was the greatest source of government tax revenue in Macau in 2018. It accounted for around 60% of the total overall gambling revenue. Before the Covid-19 outbreak, Suncity accounted for approximately half of Macau’s junket industry. According to the investment bank, VIP business plummeted by 38% in 2019, as the pandemic severely impacted Macau’s entire industry. The Macau casino stock index was down more than 40% by the end of 2021. This resulted in it being the worst year since the China stock market bubble burst in 2015.

New gambling laws in Macau

The release of new gambling laws in Macau is a significant event for all those in the industry. While the legislation is still awaiting approval, it provides a clear picture of what casino owners should expect. Among the many changes envisaged is a greater focus on responsible gaming and community engagement.

The Macau government released the draft bill during a press conference where they outlined their pressing concerns concerning gambling laws. Following the imminent retendering for casino licences, the government confirmed the provision of six concessions. Each concession would be for 10 years. Each option would have a possibility of a three-year extension in some cases. MGM China, Wynn Macau, Sands China, SJM Holdings, Galaxy Entertainment and Melco Resorts all have licenses set to expire in June.

Under current regulations Macau draft gambling laws bill concessionaires can operate a maximum number of gaming tables and machines each year.

The Chief Executive of Macau will keep an eye on the sector to set a minimum annual gross income for each gaming table or machine. If the minimum annual income is not met for at least two consecutive years, the city’s leader has the authority to decrease the number of machines used.

Corporate Social Responsibility (CSR) will be more of a focus in the future as opposed to how much money the casino floor generates. In the future, Macau’s casino operators will need to place a greater emphasis on gambling laws that focus on corporate social responsibility (CSR) efforts. The city will require operators to boost small and medium-sized enterprises. There will be a focus on local industry diversification, better labor rights, and the hiring of disabled persons.

They must also be willing to invest in programs related to education, science and technology, the environment, culture and sports.

The Macau Gaming Inspection and Coordination Bureau will audit concessionaires every three years to observe commitment to the contract.

The Secretary of Economy and Finance will refer any concessionaire who does not follow the conditions of their contracts or is not diligent in adhering to them. The number of shares publicly listed are capped at 30% for each licence holder. Authorities must be made aware of any other financial transactions.

The government has stated that it has the authority to cancel the casino’s contract for a variety of reasons, including public interest or breach of contract.

Part of the compliance check will be based on an annual report that operators will need to submit. This includes CSR initiatives as well as the operator’s responsible gaming solutions.

The updated gambling laws in Macau must include additional information about the future of Macau’s junkets. The gaming legislation reforms will also restrict revenue-sharing agreements between gambling concessionaires and junkets.

The Secretary of the Treasury and Finance will keep issuing junket licences to certified VIP promoters. However, they will limit promoting games to just one concessionaire per licensee. This is in sharp contrast to previous years. Large junkets companies used to dedicate VIP suites or numerous rooms in the concessionaires.

The bill includes a prohibition of gaming junkets or similar third-party businesses unless in circumstances judged necessary. This is dependent on their partners, employees, or management group.

Macau avoided raising its gaming tax, introducing a licence charge, or stationing a government observer inside big casinos, however. This came as a comfort to the territory’s operators. This should have eliminated most investors’ fundamental concerns about the updated gaming law.

The legislation will also require executive directors who are permanent Macau permanent residents to own at least 15% of the license holder’s share capital.

This is up from 10% previously. It is unlikely to have a direct impact on operator stocks listed in Hong Kong however.

In a report released after the news, JPMorgan analysts expressed surprise at the government’s actions. They believe the measures will help to normalise multiples. They also believe that they will make the industry more accessible to a broader range of investors.

The law has had a huge impact on casino owners’ stock prices. It has accentuated the severe drop already experienced as a result of the Covid-19 outbreak. Even after the rebound, a Bloomberg index tracking the six largest Macau casino firms listed in Hong Kong was down nearly 50%.

While this new draft regulation provides some clarity in the short term, it does not necessarily mean a return to the industry’s heyday.

Macau’s secretary for administration and justice, Cheong Weng Chon, said he had considered the city’s economy when setting the maximum of six licences. They also took into account a proper scale of expansion for the gaming industry.

Macau’s legislative body hasn’t approved the legislation yet. This will happen within two months, which means that existing casino concessions may not be extended.

Evolution Gaming brings its live-dealer online casino games to Ontario

Online gaming innovator Evolution Gaming Group AB is one of the famous live casino operators. It’s also a firm favorite amongst live dealer casino players. In late October 2021, Evolution declared that web-based casino players in the eastern Canadian region of Ontario would now be able to play live-dealer online casino games. Evolution shared its product portfolio with Ontario Lottery and Gaming Corporation (OLG). The OLG.ca domain hosts the venture.

All live dealer online games are played through the OLG website. Evolution’s Live dealer Ontario launch included all the top live casino products. This includes real-time baccarat, blackjack and roulette titles. Games stream directly from Evolution’s Vancouver studio.

Now its possible to access brand new live casino products in Ontario 

There are a number of games players can access through the service. Professional live casino dealers host the game through a video feed. They can speak directly to players. Games are streamed in real time and in high definition. 

OLG is the 4th province partner in Canada to team up with Evolution. Prior to this venture collaborations were made with the British Columbia Lottery Corporation (BCLC), Alberta Gaming, Liquor and Cannabis (AGLC), and Loto-Quebec.

OLG chief digital and strategy officer Dave Pridmore welcomed the opportunity to be partnering with Evolution. 

“We want to provide the best live dealer experience available, and we are confident that our players will love the quality and the choice of these games, playing at tables with other Canadian players and game presenters.” – OLG chief digital and strategy officer Dave Pridmore

Lottery partnerships with Live Dealer Ontario Canada

Evolution Commercial director for North America Jeff Millar remarked that the company partnership is one more opportunity to fortify the organization’s situation in the country. Millar affirmed that Evolution is effectively looking to make a studio offering. One that is completely fit for overhauling each lottery in Canada.

“We are excited to provide OLG our growing library of live dealer games and share the invaluable insight we have gained in serving the other Canadian provinces,” Millar concluded.

Evolution Gaming have offered a few motivations to Canadian gamers. The Wildz extra codes are a good example. Wildz casino offers an assortment of new player bonuses and loyalty rewards. For example; players can claim free spins rewards and cashback. The firm has reported a benefit of 98% in the second from last quarter and the new arrangement in Ontario is set to improve this figure.

Building the Live Dealer Ontario and wider Canadian Gambling Industry

The Evolution and OLG collaboration is the most recent passage into the Canadian market. It further builds on the live dealer landscape already in place. The move also highlights the capability of the Canadian gaming and gambling club industry. Or perhaps more importantly; it signals it’s potential for growth. As the market develops, the Canadian government becomes more enthusiastic about introducing regulation. The aim is to keep a balance of revenue and social safety from harm. This will surely just be the beginning of Ontario’s prominence in Canadian online casino gaming. 

Government to protect Catawba Nation casino

The government have now officially recognised a measure supporting the Catawba Indian Nation’s Two Kings Casino project.

If there was ever a chance that the South Carolina tribe’s building of a casino in North Carolina may face a new challenge, it has now vanished. President Joe Biden signed the Catawba Nation Indian Nation Lands Act into law at the very end of last year. The National Defense Authorization Act now includes it. The law according to Catawba chief William Harris represents the final step in a decade-long effort to gain government authorization for the casino.

Despite the Eastern Band of Cherokee Indians’ continuing opposition, the casino has been under construction for some time.

They contended that the Catawba had no claim to the property in North Carolina. The Catawba, on the other hand, was not convinced. A recent ruling by the Department of the Interior sided with the South Carolina tribe regarding the casino.

The Cherokee people claim the territory as their original home.

The Department of the Interior put the area in trust for the Rock Hill-based Catawba Indians in March 2020. Thereby designating it as the tribe’s aboriginal land. A US District Court dismissed the EBCI’s most recent case. The EBCI has since filed an appeal.

There was also another opposition. Gambling is opposed by the North Carolina Family Policy Council. It is a nonprofit education and research organization created in 1991 with the declared goal of defending Judeo-Christian principles. They have called the move a dangerous precedent noting that it is the first time Congress has enacted legislation to build an off-reservation tribal casino. There are certain casinos that are not on the reservation system, however. According to the Bureau of Indian Affairs, a casino needs to be within commutable distance of the reservation. The Secretary of the Interior must determine that the casino will not be harmful to the community and will benefit the tribe.

The incorporation into the legislation of the land act will certainly have a substantial impact on the Eastern Band’s appeal. The Catawba Nation Lands Act gives the Department of Interior’s decision federal support.

Any challenge to the Catawba ownership of the land becomes a question of federal law now. A legal challenge to the casino will not be able to change that.

The Catawba Two Kings Casino was able to hold a soft launch in July with 500 machines in a trailer. It was right in the middle of the building site off an exit ramp in Kings Mountain. The casino was so successful that the tribe increased the number of machines to 1,000 a few months later. This was on the same day that Congress enacted the National Defense Authorization Act. The tribe was once again put at odds with the Cherokees, who had previously managed the sole casinos in North Carolina. Harrah’s Cherokee Hotel and Casino have over 1,000 slot machines, as well as video gaming and table games.

The Cherokee have not yet commented on the NDAA, but in a statement on its website, the tribe opposes the Department of Interior’s decision. It attached documentation to back its view that the land belongs to the Cherokee and court filings arguing for the land’s restoration. The statement outlined the “flawed” decision which they believe is a clear example of reservation shopping. This is the process of casino developers matching a willing Indian tribe with a city or county that is open to a casino. It then asks the federal government to create a new reservation outside the willing tribe’s aboriginal territory.  

Catawba Tribal Chief Bill Harris stated that he expects the NDAA will have a significant impact on the Cherokee’s federal lawsuit against the Department of Interior and Bureau of Indian Affairs. He congratulated North Carolina senators Thom Tillis and Richard Burr for their contributions to the rule’s passing.  He hopes that the Catawba Indian Nation Lands Act will reinforce the US Department of Interior’s recognition of their historical and ancestral links to North Carolina. 

The full project, which includes a $273 million casino and resort, is still under construction.

Although an opening date has not yet been set, a temporary, smaller location is presently open. The bill was introduced in the US House of Representatives by Majority Whip Jim Clyburn.

According to the Catawba, the construction of the casino will provide thousands of construction jobs. Eventually, it will also employ roughly 2,600 permanent employees thereby boosting the local economy. They hope that this legislation means more people will have higher incomes. Also that children will receive a better education and more people will have better housing and health care. 

The congressman said he is glad to have worked with his colleagues in both the House and Senate to pass this bipartisan legislation. He has stated he believes the Catawba Indian Nation Lands Act is a very major step toward addressing historic injustices against the Catawba Indian Nation.  This bill will be critical in ensuring the Catawba Indian Nation’s economic independence.

Except for Rep. Dan Bishop, who objected to aspects of the bill’s military requirements, every member of North Carolina’s delegation voted in support of the NDAA. The law passed with an overwhelming majority of 89-10 in the Senate and 361-55 in the House. Senators Chuck Schumer, Thom Tillis, Lindsay Graham, and Richard Burr backed it in the Senate. Clyburn, together with Representatives Alma Adams, David Price, William Timmons, Joe Wilson, and G.K. Butterfield sponsored the bill in the House. 

Online gambling trends in 2022

A leading statistics website estimates that the worldwide online gaming market will be worth over $92 billion by 2023. If betting companies want to take advantage of this expansion and increase their market share, they must ensure that their products address developing online gambling trends.

However, determining whether patterns are genuine is difficult. Cutting-edge technologies such as virtual reality and blockchain will alter the industry in the coming months. While their potential is clear, the truth is far more complicated. Furthermore, many analyses neglect the more ordinary trends that really matter because they believe that trends must be spectacular, new, or high-tech.

The concept of safer betting may not be as thrilling as cryptocurrency, but it is far more important and urgent.

Applause organised a webinar with industry experts to determine which online gambling trends are likely to take hold in 2022. They also looked at which are most important to online casinos and sportsbooks.

Bitcoin and other cryptocurrencies

Cryptocurrencies like Bitcoin and Ethereum have the potential to complement and even replace traditional currencies in some cases. However, before accepting bitcoin payments from clients, online companies should bear a few things in mind.

Anonymity is a key feature of cryptocurrencies. Transactions are untraceable (or at least extremely difficult to trace. This makes them perfect for users who want to remain anonymous online. While this is a move in the right direction for data privacy, it is a step backwards for online gaming. Online casinos and sportsbooks are required to collect specific information on their customers. This is part of their “know your customer” duties required in order to protect them and also fight corruption. This necessity is incompatible with the anonymity that cryptocurrencies give.

Furthermore, despite their growing popularity, cryptocurrencies are still a long way from becoming entirely mainstream for gambling. At the moment, adding bitcoin payment methods to online casinos and betting shops is not commercially viable. Gambling operators do not, therefore, need to be concerned just yet about how to deal with cryptocurrency.

Virtual and augmented reality

Most users were thrilled that mobile gambling existed even ten years ago. However, since then, digital experience expectations have risen substantially. As has the quality of casino and sportsbook apps available.
The unveiling of Metaverse by Facebook/Meta pushed VR/AR even farther to the forefront. It seeks to create even greater immersion in games. Virtual reality offerings are also already available at several casinos, such as PokerStars Sport. There are many features enabled by VR, such as gesture imitation, live interactions and 3d avatars. The digital poker experience now matches the actual thing much more precisely thanks to such technology.

Despite this, the barriers of entry for VR/AR are considerable, as users must have access to pricey headsets in order to enjoy these capabilities. Netent and Evolution have caught player’s attention with the release of Gonzo’s Treasure Hunt, a VR video slots game.

Betting on esports

Esports betting is a game-changer for bookmakers since it allows for new data-driven consumer experiences. It also offers more accurate betting and more in-game betting chances.
Despite the fact that esports betting was one of the big online gambling trends last year, experts are sceptical that the trend will continue in 2022. Betting on online games like FIFA was popular during the pandemic. However, games like DOTA 2 did not fare as well. This suggests that esports betting was only ever a substitute for real sports betting during the lockdown.

Gamblers are less comfortable with esports betting since they are dubious of the integrity of games run by computers. As our understanding of technology improves, this may alter. Users should be more confident in the integrity of esports betting than they are about traditional sports betting. Especially with all the corruption scandals that have come to light.

Wearable technology

Smartwatches are becoming increasingly popular, whether for fitness tracking, chatting, or gaming. They are also getting more and more technologically advanced. As a result, it is no surprise that this new class of device is gaining traction in the gaming sector. Companies like Playtech are already selling Apple Watch slot machine apps.

The benefits to operators are self-evident. A smartwatch is more present in the user’s awareness than a smartphone. This makes it more probable that they will play games at any given moment. The design of contemporary wearables also makes gaming more appealing than on mobile. Players just see the information required for a game without getting distracted by multiple buttons.

Gambling apps for wearables are still a niche product, however. Customers currently prefer to access online casinos and betting sites via desktop or mobile. Furthermore, there are so many proprietary operating systems other than watchOS and WearOS. For that reason, it is difficult for casino operators to build for all of them. Even within the same manufacturer, individual models vary significantly. Some feature round screens, while others have rectangular screens or a combination of mechanical and digital display aspects.

Social media

Gamblers love talking about their bets with their friends and sharing experiences or tips. This has resulted in a number of community betting features aimed at bringing these discussions online. Customers can use Sky Betting & Gaming’s “Request a Wager” function to place a bet as a group by contributing money to a pool. Betbull includes a feature that allows users to submit bets that others can see. This lets people see in real-time what might be good tips. Users can follow, debate, and discuss bets placed by friends on Superbet Group’s successful community offering. Social betting has had comparable success in other markets as one of the largest online gambling trends. However, it has been slow to take off in the United Kingdom.

Micro betting

It used to be that results were the only thing that mattered in sports betting. Which team will come out on top in the tournament? What are the chances that the favourite will win? Over the duration of a game, how many goals will be scored? Micro bets however are concerned with in-play actions. For example, the player to score the next goal or receive the next red card. These kinds of bets are rapidly replacing the traditional forms of betting.

It is difficult to manually report on all outcomes due to the large number of micro bets that take place in any given game. As a result, many online betting organisations use AI to determine outcomes. This makes micro bets expensive but will no doubt get cheaper in time.

Biggest movers in casino stocks and shares 2021

The casino industry is a subset of the larger gaming industry, which includes leisure and resort properties as well as casino gaming. Casinos, hotels, luxury resorts, ski resorts, and racetracks are all owned and operated by companies in this industry. Companies active in online gaming are also included in this category. Consequently there has been lot of movement in casino stocks in the last year. Las Vegas Sands Corporation, Wynn Resorts Ltd and MGM Resorts International are all well-known casino operators. Many organizations with physical casinos saw severe quarterly revenue and earnings losses in 2020 as a result of the COVID-19 pandemic.

Following that, in the first half of 2021, there was a steady recovery, although revenue remained below pre-pandemic levels. As more people stayed at home during this time, online gambling grew in popularity. Despite vaccine rollouts and recovering economies, coronavirus continues to hamper recovery.

The top three casino stocks with the best value, the fastest growth, and the most momentum are as follows;

Casino Stocks and shares with the Best Returns

These are the casino stocks with the lowest price-to-earnings ratios over the last 12 months. A low P/E ratio indicates that you’re paying less for each dollar of profit generated because earnings can be returned to shareholders via dividends and buybacks.

 

Best Value Casino Stocks 2021

Golden Entertainment Inc. is a gaming organization that offers a variety of services. It runs resorts and casinos, as well as bars and pubs and syndicated gaming.

Boyd Casino Corp. owns and runs gaming establishments across the United States. On its premises, it also has entertainment, dining, shopping, and recreational facilities.

Bally’s Corporation: Bally’s owns and operates hotels that also offer casinos, shopping outlets, sports bars, pubs and restaurants. A horse racetrack is also owned and managed by the company. Telescope Inc., a developer of real-time audience engagement solutions for live events, gamified screen experiences, and interactive livestreams, was acquired by Bally’s in mid-August. The transaction’s financial specifics were not disclosed.

 

Casino Stocks with the Fastest Growth

These are the top casino stocks, according to a growth model that evaluates firms based on a 50/50 weighting of their most recent quarterly year-over-year percentage revenue increase and earnings-per-share (EPS) increase. Sales and earnings are both crucial factors in a company’s success. As a result, looking at organizations based on just one growth indicator can mean accounting irregularities (changes in tax law or restructuring charges for example) that may render the figure non – representative of the company as a whole. Outliers were companies with a quarterly EPS or revenue growth of more than 2,500 percent.

Fastest Growing Casino Stocks

 

Vail Resorts

Vail Resorts Inc. is a company that owns and runs mountain resorts and urban ski areas in the United States and other countries. Ski mountain resorts, destination resorts with apres-ski activities, family-oriented mountain resorts and year-round family holiday destinations are among the company’s properties. In August, the firm announced that Chief Marketing Officer (CMO) Kirsten Lynch had been named CEO and elected to the board of directors to start in November 2021.  Rob Katz, the company’s CEO, will take on the role of executive chairperson of the board and will continue to play an important role in the company’s strategic decisions and priorities.

Caesars Entertainment

Caesars Entertainment Inc. is a company that owns and maintains a chain of resorts across the United States. It has a casino, poker room, roulette tables, and other gambling activities. Food and beverage services are also provided by the company. Caesars Entertainment recently announced that it had reached an agreement with 888 Holdings PLC to sell the non-U.S. assets of sports betting and casino brand William Hill for $3.0 billion. The deal should be completed within the first quarter of 2022. An EPS growth rate could not be calculated for the table above since the company’s EPS went from negative to positive in the most recent quarter.

Las Vegas Sands

Las Vegas Sands Corp. is a casino and convention center owner and operator in the United States, Macau, and Singapore. Gaming, entertainment, hotels, and expositions are all offered by the company. Because Las Vegas Sands recorded a net loss per share in the most recent quarter, an EPS growth rate for the table above could not be determined.

The Most Volatile Casino Stocks

The casino stocks with the highest total return over the last 12 months are listed below.

Casino stocks most volatile

Golden Entertainment Inc: see above for information on the company

Red Rock Resorts Inc. is a privately held company in Las Vegas, Nevada. They are a company that specializes in gaming, development, and management. It owns and operates casino and entertainment properties such as restaurants, movie theaters and bowling alleys among other things. In late July, they released financial figures for the second quarter of its fiscal year. Red Rock Resorts earned $86.7 million in net income attributable to shareholders. This is a significant improvement over the year-ago quarter’s net loss of $71.5 million. The quarter’s net revenue increased by 294.7 percent.