NORTH AMERICA
US - SuperBook to help Jacobs Entertainment Jacobs Entertainment, a gaming, hospitality and entertainment company operating in Colorado, Nevada and Louisiana, has committed to bring sports betting operator, SuperBook, to The Lodge Casino in Black Hawk, Colorado.
SuperBook, the largest and one of the most successful sports books in America also currently operates throughout Nevada via mobile betting and at its flagship location at the Westgate Las Vegas Resort & Casino. The SuperBook expansion, through a new operating entity, will bring best-in-class technology, entertainment, customer service and expansive wagering options to one of Colorado's most popular gaming destinations.
The SuperBook team has been in business for more than two decades and has written the playbook for successful risk management and oddsmaking. The newly formed relationship with Jacobs Entertainment will be the first time the SuperBook brand has been expanded outside of Las Vegas.
The SuperBook team is led by sports betting icon Jay Kornegay, a Colorado native and successful sportsbook operator. "Having Jay Kornegay lead this exciting opportunity is an added benefit Colorado fans are sure to appreciate," commented JJ Garcia, Vice President of Operations for The Lodge & Gilpin Casinos. "We believe The Lodge is a perfect fit for our initial expansion opportunities outside Las Vegas," said SuperBook Executive Vice President of Race and 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 on sports betting in the United States, and now we will put it in action in Colorado."
New York - Inspired signs DraftKings deal Inspired Entertainment has signed a contract with DraftKings to provide its new V-Play Plug & Play solution, a complete end-to-end online virtual sportsbook product that allows DraftKings to access Inspired’s Virtual Sports with minimal integration effort and rapid speed-to-market.
With this contract, DraftKings gains access to 14 Virtual Sports variants, including Basketball, Football, Horse Racing, Soccer and Car Racing, to make them available to DraftKings’ New Jersey customers on desktop and mobile platforms.
Included within this contract, DraftKings will gain access to Inspired’s groundbreaking new V-Play NFLA Legends Football and V-Play Basketball. NFLA Legends Football is an officially licensed product with the NFL Alumni, which brings all-time favorite NFL legends back to the field. It features 11 teams of alumni legends from some of the biggest teams going head-to-head in a single game format. V-Play Basketball gives customers an ultra-realistic experience, created using the latest motion capture technology and proprietary software and featuring bet types that are already popular with consumers for wagering on live basketball.
Since its initial launch in 2019, V-Play Basketball achieved immediate success, becoming one of the best performing Virtual Sports online and delivering significant incremental revenue to customers.
P22 NEWSWIRE / INTERACTIVE / MARKET DATA The Fall and Rise of Gaming’s Rich List
Sheldon Adelson tops gambling's rich list once again, but figures show that the mogul’s wealth has fallen 28.9 per cent since coronavirus outbreak
Te Forbes 2020 rich list has confirmed Las Vegas Sands Chairman and CEO Sheldon Adelson as the richest person in the casino sector, ranking him in 28th place with a net worth of US$26.8bn.
Carl Icahn, the biggest shareholder in Caesars Entertainment, came in at 78th place with a net worth of US$13.8bn, whilst Galaxy Entertainment Group’s Lui Che Woo featured in the chart at 106th with US$11.7bn.
Ronald Perelman, who owns a large shareholding in Scientific Games, came in 211th with a worth of $6.9bn.
Novomatic Group owner Johan Graf came in at 230th with US$6.5bn while PokerStars co- founder Mark Scheinberg came in 345th place with US$4.9bn.
Denise Coates, head of the UK’s leading online gambling company Bet365, was the richest female in gambling with a net worth of $4.5bn.
NagaCorp Founder Chen Lip Keong came in at 437th place with $4.1bn, while MGM China investor Pansy Ho came in joint 565th place
Nevada
Gaming and Leisure Properties, has completed the acquisition of Tropicana Las Vegas and provided an update on the collection of April 2020 rents for its portfolio of the real estate for 44 gaming and related facilities. Te company and some of its subsidiaries acquired the real property associated with the Tropicana from Penn National Gaming, in exchange for rent credits of $307.5m, which will be applied to rent due under the parties’ existing leases for the months of May, June, July, August, October and a portion of November 2020. Simultaneous with GLPI’s acquisition of the Tropicana, the company entered into a lease with Penn National for the Tropicana for nominal annual rent and Penn National will continue to operate the property for two years or until the Tropicana is sold, whichever is earlier.
alongside Bloomberry Resorts boss Enrique Razon both with net worth's of $3.4bn each.
Te coronavirus pandemic has already had an affect wiping off US$10.9bn in Mr. Adelson's wealth, marking 28.9 per cent fall since the emergence of the outbreak.
Forbes said: “Te richest people on Earth are not immune to the coronavirus. As the pandemic tightened its grip on Europe and America, global equity markets imploded, tanking many fortunes.
“As of March 18, when we finalised this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths. Of the billionaires who remain, 51 per cent are poorer than they were last year.
“In raw terms, the world’s billionaires are worth US$8tn, down US$700bn from 2019.”
Amazon’s Jeff Bezos finished first in the list for the third year in succession with a net worth of US$113bn, followed by Bill Gates in second place with US$98bn.
Connecticut Foxwoods CEO resigns during casino lockdown
John James, President and CEO of Foxwoods Resort Casino, has resigned after eight months, according to a statement from the Mashantucket Pequot Tribal Council. “John has left his position to spend more time with his family,” reads the brief statement issued by the Council’s PR company.
Foxwoods informed employees of James’ resignation in an earlier communication. Tis reads: he “has left his position to spend more time with his family and focus on his overall health and wellness in a time that it is critically important for all of us to do.”
Jason Guyot, Foxwoods Senior Vice President of Resort Operations, has agreed to act as interim CEO while a search for James’ successor takes place, Foxwoods said. Guyot is a member of the Mashantucket
Pequot Tribe, which owns the casino.
James, 59, became President and CEO in August 2019, several weeks after being named to succeed Felix Rappaport, who died of an apparent heart attack in June 2018. Chairman, Rodney Butler, served as interim CEO during the search for Rappaport's successor.
Foxwoods and its tribal gaming rival, Mohegan Sun, voluntarily closed March 17 at the urging of Gov. Ned Lamont. While the casinos have extended their closure to April 30, it’s unclear when they will reopen. Foxwoods has furloughed most of its more than 5,000 employees. Its most recent quarterly report indicated its long-term debt totaled $1.9 billion, including a $257.4 million loan payment due June 30.
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