Warhorse Reveals its Nebraska Casino NORTH AMERICA
WarHorse Gaming, LLC has released a 3D animation conceptual rendering of a future casino at Lincoln Race Course in Lincoln, Nebraska
Casino and race course facilities are to be expanded after a $200m investment into the complex
NEBRASKA CASINO OPERATIONS
NEW YORK – New York could miss out on becoming the largest legal sports-betting market in the United States, capable of generating US$20bn a year in wagers, unless Governor Andrew Cuomo makes good on his proposal to make online sports betting legal in the state. Analysts believe the state could fall short of that potential if mobile sports betting is run as a monopoly through the New York State Gaming Commission.
"There is no question that New York would almost immediately become the crown jewel of the legal US sports betting market," said Dustin Gouker, lead analyst for
PlayNY.com.
"The devil is always in the details, but opening a market that could be worth more than $20bn a year in bets could be a game-changing moment for the entire industry. On the other hand, a state monopoly, such as what Governor Cuomo proposed, would be a mistake that could forever limit the ceiling for New York."
With an open market such as New Jersey, New York has the potential to generate more than $1bn of gross gaming revenue annually on more than $20 billion on bets, according to PlayNY projections.
FLORIDA – Zitro's new Allure machines have debuted in the US at the Casino at Dania Beach in Dania Beach, Florida, with the 88 Link games; 88 Link Lucky Charms and 88 Link Wild Duels. The 88 Link games combine 243 ways gaming system with Zitro’s Bonus Link. This new bank of Zitro machines adds to the Link King games that the casino has installed and is operating successfully.
“The Allure machines look spectacular in the Casino at Dania Beach, and together with the new 88 Link games have been welcomed by our players with great enthusiasm. Without a doubt, Zitro products add great variety and value to our magnificent slot room,” says Arnaldo Suarez, General Manager of the Casino at Dania Beach.
US – IGT has received a patent for a system that allows players to transfer cryptocurrencies from their accounts to a 'gaming establishment account.'
The patent application shows payments in Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH), as examples for users transferring crypto from their private wallets to wallets connected to casino accounts.
"IGT obtained this patent to bolster its industry- leading patent portfolio in anticipation of any possible future directions in regulated games involving cryptocurrencies," said its spokesperson, Phil O'Shaughnessy.
P18 NEWSWIRE / INTERACTIVE / MARKET DATA
Indiana becomes fifth state to surpass $300m in sports bets
Indiana
Indiana became the fifth state in US history to surpass $300m in bets in a month in December, ending 2020 with four record months, more than $1.75bn in bets, and passing $2bn in lifetime wagers.
Indiana sportsbooks took in $313.1m in December, according to official reporting released Tuesday. December's wagers were up 93.5 per cent from $161.8m in December 2019 and topped the record $251.4m set in November. December's wagers generated $24.1m in adjusted gross operator revenue, nearly doubling the $12.1m set in December 2019. Te month's bets yielded $2.3m in state taxes.
"Nothing could have recouped
the revenue losses from the cancellation of the NCAA Tournament and much of the baseball season," said Jessica Welman, analyst for
PlayIndiana.com. "But a lot went right this fall for sportsbooks, and it was on full display in December. Te Indianapolis Colts, Notre Dame and Indiana football all continued to attract significant wagering. Ten a full month of college basketball, which is more important in Indiana than most anywhere else, and the start of the NBA season added a year-end boost. Te strong finish made it so that 2020 represented a big leap forward despite all the challenges."
For the year, Indiana's retail and online sportsbooks produced $1.8bn in bets. Tat includes $1.5bn in online wagering, $138.4m in gross operator revenue, $13.2m in state taxes. Since launching, Indiana's sportsbooks have attracted $2.2bn in wagers.
WarHorse Gaming, LLC has released a 3D animation conceptual rendering of a future casino at Lincoln Race Course in Lincoln, Nebraska. Te animation is a conceptual glimpse of the exterior and interior of the casino and race course facilities after a proposed $200m investment into the complex to expand casino gaming. Te casino and accompanying resort will bring roughly 925 jobs to the city.
In addition to Lincoln Race Course, WarHorse Gaming recently released a similar style video for the casino concept at the current Horsemen’s Park in Omaha. Similar plans are underway for a horse racing track and casino in South Sioux City.
WarHorse Gaming will be responsible for casino management and gaming operations at the Lincoln Race Course, Horsemen’s Park in Omaha, and Atokad in South Sioux City.
Both WarHorse Gaming and the Nebraska Horsemen’s Benevolent and Protective Association are at the beginning planning stages to expand casino operations at the horse racing tracks. Te three casinos will all be branded under the WarHorse moniker. Expanded gaming in some form is expected as early as late 2021, with full casino operations up and running during 2022.
“Although we’re still early in the process, it’s exciting to see the potential of a world-class gaming operation for the city of Lincoln and the state of Nebraska,” said Lance Morgan, President and CEO of Ho-Chunk, parent company of WarHorse Gaming.
“Our goal is to build a top-notch facility that compliments horse racing while at the same time offering a resort style casino/hotel on the property.”
US
Massachusetts three casinos; Wynn Resorts’ Encore Boston Harbor, MGM Resorts’ MGM Springfield, and Penn National’s Plainridge Park, generated revenues of $49.8m in December, representing a fall of 40.1 per cent from a year ago. December’s total gave a 9.6 per cent increase over the $45.4m from November’s earnings. Massachusetts casinos are operating with reduced capacity of 25 per cent and reduced operating hours with a curfew seeing them shut at 9:30 p.m. each evening. Troughout the month of December, GGR at Encore Boston Harbor was $29.3m, a fall of 46 per cent from a year ago. MGM Springfield generated $11.4m of GGR, down 40 per cent. Plainridge Park’s GGR of $9.2m was a 10 per cent drop in 2019’s revenues. Plainridge Park saw its slot revenue increase from $107.7m in November to $124.6m in December. Bruce Band, of the Gaming Agents Division of the Massachusetts Gaming Commission, said: “Tis time of year tends to be a little slower time of year, anyway. So we are kind of lucky with that anyway.”
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