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Osage Reveals Lake of the Ozarks Casino
Osage Casino officials have released renderings and details of a planned new property in Lake of the Ozarks, Missouri.
Officials with Osage Casinos have released renderings and details of a planned new property in Lake of the Ozarks, Missouri. Te new property is part of a new entertainment district in Missouri by the Osage Nation. Te project is expected to be completed in multiple phases with an estimated $60m investment in the region, bringing new jobs, tourism and revenue for the Lake of the Ozarks community.
“We look forward to collaborative work with the local community and state of Missouri,” said Osage Chief, Geoffrey Standing Bear. “We will provide positive economic benefits to the Osage people, as well as those who reside on Osage ancestral lands.”
Historically, the Osage Nation once thrived in Missouri with a population of as many as 200,000 members of the Osage Nation at its height. Te planned property includes a casino, hotel, meeting space and event centre, among other amenities. “We are thrilled to release these renderings to Osage Nation members in a time when Chief Standing Bear is conducting
US
In February, North American casino operator Peninsula Pacific Entertainment (P2E) was given a 60 day deadline by the Louisiana Gaming Control Board to reopen its Diamond Jacks Casino and Resorts or risk losing the licence altogether.
Peninsula Pacific Entertainment had wanted to relocate its licence from Bossier City after keeping it closed in May 2020, following the lifting of pandemic restrictions but its request was rejected.
Annulling the company’s licence and retendering it would launch a process that could take up to five years for the state to complete with all the necessary bids and background checks.
Gaming board chairman Ronnie Johns said it was ‘extremely disturbing’ that P2E had not yet determined next steps for the Diamond Jacks property since closing nearly two years ago.
monumental cultural efforts in our ancestral lands,” said Byron Bighorse, CEO of Osage Casinos. “Our casino has been nationally recognised for providing world-class gaming, and we are excited to bring this opportunity to Lake of the Ozarks.”
Phase one of the process includes construction of a casino, sports bar, restaurant, and meeting space. Additionally, it also includes a hotel, which will have general hotel rooms, suites, a fitness and exercise facility, a pool and hot tub, and a pool bar. Phase one construction is expected to start upon approval from the Department of Interior.
“First of all, they have to donate the property into trust, and that trust is run by the United States government, Department of Interior, not by the tribe,” said Mike Leara, of the Missouri Gaming Commission. “One of the hurdles that I see with the Department of Interior, for the Osage Nation, is that they’re skipping over into another state, that’s going to be a challenge I think.”
US New York makes history with $1.7bn in bets
New York’s online and retail sportsbooks closed the highest- volume month in US sports betting history with nearly $125m in revenue on $1.7bn in wagers. Amassed over just 24 days, the debut of mobile sports betting turned New York into the flagship sports betting market in the US.
“Tere’s never been anything in US sports betting like New York’s first month,” said Mike Mazzeo, lead analyst for
PlayNY.com. “Launching ahead of the NFL playoffs was no doubt a boost for sportsbooks. But more importantly, the rollout of online sports betting unleashed a tidal wave of pent-up demand in NY.”
New York’s online and retail sportsbooks accepted $1.69bn in wagers in January, including $1.67bn through online books, according to official data released by the New York State Gaming Commission. Online sportsbooks averaged $69.6m in bets per day
over the 24 days from the January 8 launch through the end of the month.
January’s bets through mobile sportsbooks resulted in $124.1m in gross gaming revenue from mobile sports betting — the most lucrative month in US history — and $60.8m in net revenue for operators. Tat yielded $63.3m in taxes. Te figure represents is more tax revenue than every state with legal sports betting — except Pennsylvania, New Jersey, and Illinois — generated in all of 2021. Meanwhile, New York’s four retail sportsbooks lost $328,829.
To put New York’s online debut into context with other states, Arizona set the record for the highest sports betting handle in a debut month for a US market in September with $291.2m. New Jersey previously held the record for the highest sports betting volume over any single month, reaching $1.3bn in bets in October.
US - MaximBet readies in Indiana and Iowa MaximBet has announced that Indiana and Iowa will be its next two states to launch as part of its ongoing national expansion.
“Indiana and Iowa represent a prime opportunity for MaximBet to bring its world-class sportsbook and unparalleled real-life experiences to two of the most passionate sports markets in the country,” said Daniel Graetzer, CEO, MaximBet.
“Sports betting has been a boon for both states since 2019, but sports fans have never experienced anything like the MaximBet LIVE parties, athlete and celebrity meet-and-greets, and in-person entertainment that MaximBet will bring to these two passionate sports states. We can’t wait to show our new users in Indiana and Iowa what we have in store.”
MaximBet, which launched in Colorado late last year, recently announced a multi-year partnership with Kambi Group and White Hat Gaming on a technology stack. The partnership will provide players with a fast, intuitive and expansive betting experience featuring a breadth of sports lines, live betting and creative props.
MaximBet LIVE, a division of MaximBet specialising in parties and events, will soon announce plans for kickoff parties in each state featuring entertainers, celebrities, prizes and rewards for current and new customers. The MaximBet LIVE event in Colorado included Fat Joe and Cheat Codes as headline performers and more than $40,000 in prizes. The company recently hosted a star-studded event in Los Angeles during the weekend of The Big Game featuring artists including The Chainsmokers, Lil Baby, and Gunna.
US - Win Systems appoints Win Systems has appointed Michael Lamers as Product Director of its Gaming Division. Michael Lamers has worked for more than 20 years in leading companies in
Europe and in his native South Africa. In the gaming and entertainment sector, Michael has held leadership positions for more than a decade in companies such as Aristocrat and Scientific Games, from which he decided to bet on Win Systems as the next step in his career.
Canada - New Bragg President Bragg Gaming has appointed Lara Falzon, a member of the company’s board of directors since March 1, 2021, to the new position of President and Chief Operating
Officer. Ms. Falzon brings more than 10 years of industry experience to the new role, including a significant track record of managing and structuring several multi-billion-dollar gaming transactions.
WIRE / PULSE / INSIGHT / REPORTS P21
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