News December 2024
Supplier News Everi acquisition approved
Everi has announced that its stockholders have voted to approve the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management. Pursuant to the terms of the merger agreement, Everi stockholders will receive $14.25 per share in cash for every share of common stock they own immediately prior to the effective time of the merger.
Supplier News GLI certified in Maranhão
Gaming Laboratories International (GLI) has become the first laboratory to achieve accreditation in Maranhão, Brazil. Te accreditation allows GLI to perform tests and certification for the gambling and lottery industry interested in working with lottery and fixed-odds betting operators in the state of Maranhão. Te milestone is the latest in a series of regulatory achievements for GLI in Brazil. with Lottery of the State of Maranhão becoming the third jurisdiction in the country to accredit the laboratory.
More illegal sites targeted in Brazil Legislation
Brazil’s Secretariat of Prizes and Bets of the Ministry of Finance (SPA) has sent a new list of illegal sports betting sites and online gaming sites to the National Telecommunications Agency (Anatel), for blocking. On October 11 the SPA identified over 2,000
suspicious domains, which were sent to Anatel for access blocking throughout Brazil. A second list was sent on 31 October that included more than 1,400 sites and the third includes 1,800 sites - bringing the total number of blocked sites to over 5,200 in less than 40 days. Only companies that requested authorisation before September 17 or were
Legislation Paraguay law reforms
Te Executive Power has submitted a bill to the Chamber of Deputies to update Law No. 1016/1997, which regulates the exploitation of gambling in Paraguay. Te proposal aims to optimise revenue collection and strengthen the National Commission on Gambling (Conajzar) by providing it with greater supervisory capabilities. Te document presented to Congress highlights the need to modernise the existing legal framework, improving mechanisms for enforcement.
New York casino progress hindered Operator News
New York Governor Kathy Hochul has vetoed legislation that would have speeded up the timeline for casino projects in New York City, saying it would compromise fairness in the competitive bidding process. Governor Hochul said: “Changing the timeline would
likely have the impact of helping certain bidders and hurting others. I cannot support a bill that aims to change the rules in the middle of the process. As part of the process, applicants are required to work with local governments so that their projects fall within the respective zoning laws of the municipalities. Potential applicants have been continuously working toward ensuring that their projects are compliant.” Te bill, approved by legislators in June, wanted
proposals to be submitted by August 2024, even if local zoning and other approvals were not yet secured. Instead, Governor Huchul is sticking with the original timescale of June 27, 2025, with licenses expected to be awarded by end of year.
Te Bill’s sponsor State Senator Joseph Addabbo Jr, was
nominated by the betting regulatory bodies in the states and the Federal District can have sites that may legally offer betting until the end of this year.
vociferous in criticising the veto: “My legislation was attempting to bring credibility to the current state of the downstate casino process, not to ‘alter the timeframe’ as stated in the governor’s veto message, since no codified timeframe to start accepting applications exists at all.”
New renderings for Vegas resort Legislation
LVXP has released new renderings for what would be the tallest resort in Las Vegas, complete with a 752-foot, 2,605-room hotel and condominium project with an 18,000-seat NBA-ready arena and a 6,000-seat theatre. With it being Las Vegas, it goes without saying that the project includes an expansive retail plaza, a state-of-the-art convention space and a destination casino. Located between the Sahara and
Fontainebleau Las Vegas, the renderings are a 20
work in progress LVXP, an experiential-focused real estate development company who plans to transform the 27-acre site located on the Las Vegas Strip at 2601 South Las Vegas Boulevard into an experiential mixed-use development that will be anchored by a technologically advanced entertainment and sports arena. Te brand name on the renderings, Galileo, is likely to change once investors had been secured. With huge media focus on the changes at the
old Tropicana which was demolished awaiting a new resort hosting baseball side Te A’s, LVXP believes having its own basketball team is the jewel in the crown for the project.
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