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New York goes ahead with plans to legalise sports gambling

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New York is moving fast to formulate a law on sports betting, following the recent US Supreme Court decision to strike down the Professional and Amateur Sports Protection Act (“PASPA”). In effect, it allows the individual state to make their own law regarding sports betting.

Gary Pretlow, New York State legislator, said that he expects to introduce a bill before the Assembly this week that would legalise sports gambling in the State.  For passing the bill and making it a law, New York legislators are moving fast to approve a proposal before the legislative session ends on June 20.

What are the key components of New York’s proposed sports gambling bill?

When New York permitted the construction of additional land-based casinos in 2013, it also presciently authorised those casinos to offer sports gambling if and when the federal PASPA ban was lifted by either Congress or the courts.  Now that the prohibition has been removed, New York is advancing a bill that provides for a prospective legalised sports gambling market with the following provisions:

Permitting wagering on sporting events (other than high school sports) including, but not limited to, wagers that can be determined by the score or final outcome of the event and in-game wagering;

Permitting mobile sports wagering through platforms provided by licensed casinos pursuant to contracts with mobile vendors that register with the New York State Gaming Commission;

Limiting wagering to people that are 21 years of age or older;

Prohibitions on contest/prize advertisements that target minors or other prohibited bettors;

Taxes in the amount of 8.5 per cent of licensed operators’ sports wagering gross annual revenue;

Royalty fees of 0.25 per cent of the total amount wagered on sporting events, which would ultimately be remitted to the respective governing bodies of the various sports leagues on a pro-rata basis; and

Strict guidelines governing pay-outs of winning wagers and dispute resolution procedures for unpaid claims.

What does the Future Hold for Sports Gambling?

With this bill, New York is demonstrating the seriousness with which it is attempting to quickly legalise sports gambling in the State.  The detailed proposed regulations also offer insight into how states may approach legalised and regulated sports gambling going forward, specifically with respect to allowing mobile wagering and allowing for casinos to delegate such mobile operations to state-approved vendors.  It is anticipated that many states will follow course with their own unique sports gambling regulations until such time as federal intervention occurs.  As such, it is critical that those interested in entering this space work closely with knowledgeable gaming lawyers to review all aspects of their prospective licensing applications and associated offerings.

Source: Lexology

Source: European Gaming Media and Events

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Aristocrat Licenses Hit TV Show “Billions” for New Slot Game to Premiere at G2E 2018

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Billions™ Slot Game Showing in Booth #1141

The high stakes world of the hit SHOWTIME® TV show Billions will soon be coming to casinos, thanks to a licensing agreement between Aristocrat, CBS Consumer Products, and Showtime Networks.

Aristocrat’s new Billions™ Slot Game will make its premiere in booth #1141 at the upcoming Global Gaming Expo (G2E) in Las Vegas.

“Engaging and edgy shows like Billions are incredibly fun for our design teams to work with and fuel our passion to create entertaining games for our customers and their players,” said Siobhan Lane, Senior Vice President, Marketing and Gaming Operations from Aristocrat. “The CBS Consumer Products and Showtime Networks teams have been inspiring to work with, and we are very excited to present the new Billions Slot Game at G2E 2018.”

Now in production on its fourth season, Billions stars Oscar® nominee and Emmy® and Golden Globe® winner Paul Giamatti as U.S. Attorney Chuck Rhoades and Emmy and Golden Globe winner Damian Lewis as hedge fund king Bobby “Axe” Axelrod. Billions is a complex, highly engaging drama that tells the timely and provocative story of these two powerful New York figures.

The Billions Slot Game is based on Season 1 and 2, which includes fans’ favorite characters such as Chuck RhoadesBobby AxelrodWendy RhoadesLara Axelrod, and Taylor Mason. Adding to the fun, the game will include the popular Mighty Cash™ feature, as well as a $500,000 multi-site progressive start-up jackpot.

The game appears on Aristocrat’s revolutionary flame55™ cabinet. The flame55 is complete with a 55″ double-curved HD monitor – the largest portrait double-curved display in the non-jumbo segment – ergonomic engineering, 4k-capable display, 2.1 stereo audio, individually controlled dynamic infinity edge LED lighting, a virtual button deck, and an exclusive beacon sign package.

About Aristocrat
Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ASX: ALL), a leading global provider of land-based and online gaming solutions. The Company is licensed by more than 200 regulators and its products and services are available in more than 90 countries around the world. Aristocrat offers a diverse range of products and services including electronic gaming machines and casino management systems. For further information, visit the company’s website at www.aristocrat-us.com.

About CBS Consumer Products
CBS Consumer Products manages worldwide licensing and merchandising for a diverse slate of television brands and series from CBS, CBS Television Studios and CBS Television Distribution, as well as from the company’s extensive library of titles, Showtime and CBS Films. Additionally, the group oversees online sales of programming merchandise. For more information, visit www.cbsconsumerproducts.com.

About SHOWTIME
Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL™ and FLIX®, and also offers SHOWTIME ON DEMAND®, THE MOVIE CHANNEL™ ON DEMAND and FLIX ON DEMAND®, and the network’s authentication service SHOWTIME ANYTIME®. Showtime Digital Inc., a wholly-owned subsidiary of SNI, operates the stand-alone streaming service SHOWTIME®. SHOWTIME is currently available to subscribers via cable, DBS and telco providers, and as a stand-alone streaming service through Amazon, Apple®, Google, LG Smart TVs, Oculus Go, Roku®, Samsung and Xbox One. Consumers can also subscribe to SHOWTIME via Amazon’s Prime Video Channels, DirecTV Now, FuboTV, Hulu, Sling TV, Sony PlayStation™ Vue, and YouTube TV or on Showtime.com. SNI also manages Smithsonian Networks™, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel™, and offers Smithsonian Earth™ through SN Digital LLC. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV. For more information, go to www.SHO.com.

Aristocrat Contact:
Paul Speirs-Hernandez, Steinbeck Communications
paul@steinbeckcommunications.com

Source: Latest News at European Gaming Media

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Industry Leading Race & Sports SuperBook® Set For Expansion Outside Nevada

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Nevada’s premier sports book will set the standard for legalized sports betting in the United States

The largest and most successful sports book in America – the SuperBook® at the Westgate Las Vegas Resort & Casino, is set to expand its gaming platform across the United States. With its best-in-class technology, customer service, and wagering options, the SuperBook® brand will guide the industry forward as more states make sports betting part of their gaming and hospitality offerings.

The expansion comes via a partnership between SuperBook® licensor Westgate Resorts and Paragon Gaming, operator of casino and resort operations for Westgate’s 3000-room luxury casino hotel in Las Vegas that brings white label sportsbook solutions to new markets.

“The SuperBook® brand has been the leader of the sports book industry for more than 30 years,” says Diana Bennett, CEO for Paragon Gaming. “Gaming regulators across the country will now have a trusted partner as they move forward, and casino operators will be able to draw on the experience and expertise that has made SuperBook® the benchmark for sports betting.”

Famous for its 360-degree experience, highlighted by the largest indoor TV in the world – a 220-foot long 4K video wall at Westgate Las Vegas, the SuperBook® brand delivers the largest race and sports wagering menu in Nevada, and continues to lead the evolution of sports betting processes and applications. Its successful rollout of the Westgate SuperBook® App has already seamlessly delivered this wagering menu to the hands of thousands of fans.

“This is the natural next step in the evolution of our industry,” says SuperBook® Executive Vice President of Race & Sports Book Operations Jay Kornegay. “We have maintained the highest levels of technology and service in a highly-regulated industry. We have written the playbook, and now we will put it in action across the national field.”

“We are excited to know that our investment in the SuperBook® has been extremely successful and this venture is now prepared to expand nationwide,” adds David Siegel, Westgate Resorts Founder, President and CEO. “We look forward to the future success of our SuperBook® brand at locations across the nation as it continues to grow and set new standards for the sports betting landscape.”

Future SuperBook® sites, turnkey sportsbook products, and gaming partners will be announced at later dates. Fans can follow SuperBook® for updates on FacebookTwitter, and Instagram.

Source: Latest News at European Gaming Media

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CashBet appoints Ed Brennan as Company President

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iGaming platform provider CashBet has moved to bolster its senior team by installing advisory board member Ed Brennan as company President.

Ed Brennan will lead CashBet in the next period of its development, following one of the world’s largest casino gaming ICOs, with the goal of establishing it as the leading blockchain-powered platform.

He brings a wealth of experience to the position after 25 years in the internet, software, hardware and financial services industries, working with a host of Fortune 500 companies such as Merrill Lynch, Seagate, Adobe, Microsoft and NexTag.

Commenting on his appointment, Brennan said: “I have enjoyed serving as an advisor to CashBet and am confident that my understanding of the business and its position in the iGaming market will help me step up to this new position as we look to grow even further.”

Even with the unforeseen challenges presented by the crypto bear market, CashBet has never been in a better position to achieve its full potential. I am honoured to begin serving as the company’s new President with guidance from the Board.”

Brennan’s appointment follows the Board of Director’s decision to begin search for a new CEO to replace Co-founder Mike Reaves.

Reaves co-founded CashBet in 2012 following a long career in online gambling. The platform he helped create is designed to encapsulate everything an operator needs to run a modern iGaming business.

Over the past five years, it has developed patented technologies and built the world’s first-crypto enabled iGaming platform, as well as becoming the first cryptocurrency partner in English Premier League history when it agreed to sponsor Arsenal Football Club.

 

About CashBet

CashBet is a leading mobile-first iGaming platform provider and turnkey operator. CashBet’s platform empowers real-money, social, and skill-based gaming apps and websites worldwide. By integrating CashBet’s software, game developers can legally launch online gambling games without needing to be licensed. With CashBet’s feature-rich platform, operators gain access to player segmentation, bonusing, campaign management, and other patent-pending features to enable a profitable iGaming operation from day one. CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission. For more information, please visit www.cashbet.com.

Source: Latest News at European Gaming Media

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