Wire NORTH AMERICA
Highest GGR Quarter in US History
Nevada - ICE Symposium heads to Vegas Last month an ICE delegation, led by Clarion Gaming Managing Director Stuart Hunter, met with stakeholders including Light & Wonder, Konami, IGT, Aristocrat, AGC and Everi in Las Vegas. The Las Vegas itinerary followed last month’s Casino Symposium staged in conjunction with the European Casino Association. Held at Les Ambassadeurs Casino in London, it comprised a series of C-Level discussions using the Open Space model, a format that’s driven by participants, resulting in an agenda which reflects the issues that are important to their businesses.
Reflecting on the US visit, Stuart Hunter said: “The Clarion team is heavily invested in the industry and as custodians of the world’s most cosmopolitan B2B gaming event, I believe it’s vital that we spend time listening to our customers and stakeholders based throughout the world. Our next ICE Symposium is taking place in Las Vegas on October 10, the opening day of G2E – and will be led by Ewa Bakun, Director of Industry Insight and Engagement.”
US - EBET halves workforce under new plan EBET has shared a profitability plan designed to reach a positive EBITDA run rate which will see the number of employees and contractors at the provider fall by approximately 54 per cent.
The measures taken to enhance the profitability of its newly acquired iGaming assets, as well as its existing eSports products, include a realignment of resources to escalate and expand its focus to iGaming and optimising the efficiency of marketing campaigns.
The revenue for the third quarter was approximately $18.2m with a gross profit of approximately $7.2m. As the company focuses on the profitability of the business, and continues to grow its EBIDTA positive run rate, it expects the revenue growth rate to decline in the short term, as it cuts unprofitable revenue.
US - Indian gaming revenues at all-time high The National Indian Gaming Commission (NIGC) released Fiscal Year 2021 (FY 2021) Gross Gaming Revenue (GGR) numbers totaling $39bn, an increase of 40 per cent over FY 2020 and a 13 per cent increase compared to FY 2019.
Chairman E. Sequoyah Simermeyer and Vice Chair Jeannie Hovland made the announcement live from Tulsa, Oklahoma. Gaming Revenue for FY 2021 is the highest in Indian gaming history, with all NIGC administrative regions showing a positive increase from FY 2020. This is Indian gaming’s largest increase, following its greatest decrease brought on by a record level of pandemic-related closures. With the pandemic still at the top of mind for tribes, Indian gaming continues to show its resiliency through innovative operational advancements and the steadfast leadership of tribal regulatory authorities.
P18 WIRE / PULSE / INSIGHT / REPORTS
Te AGA has presented the latest edition of its Commercial Gaming Revenue Tracker, which shows that Q2 2022 set a new record.
Te American Gaming Association (AGA) has presented the latest edition of its Commercial Gaming Revenue Tracker, which shows that Q2 2022 set a new record as the highest-grossing gaming revenue quarter in industry history. With US$29.2bn generated through the first half of the year, US 2022 commercial gaming revenue is pacing 18 per cent ahead of 2021, the industry’s current record year.
“While we should celebrate another milestone for our industry, I know we are all eager to see how current economic conditions will impact us in the second half of the year,” commented Bill Miller, AGA President and CEO. “Our 16-month growth streak since March 2021 shows that we are well-positioned for the long term and for any headwinds in the short term.”
Revenue data reported by state regulators and compiled by the AGA shows that nationwide gaming industry win from traditional casino games, sports betting and iGaming surpassed $14.85bn in Q2, a 9.1 per cent jump year-over- year and 3.5 per cent higher than the previous
South Dakota
FSB has secured regulatory approval from the South Dakota Commission on Gaming (SDCG) to launch its services in the midwestern US state. FSB can now offer partners sports wagering services within the Deadwood city area of the state and is aiming to go live this month. FSB also recently became one of the first suppliers to receive regulatory approval in the province of Ontario.
Dave McDowell, CEO at FSB , said: “Tis exciting news is another strong step forward for FSB in North America and continues the rapid momentum we’ve enjoyed in the region in 2022. Te smooth approval from the SDCG pays a huge tribute to the quality of our technology, services and people and as a true tier one supplier puts us in a strong position to play a leading role in South Dakota and other key regulated global markets in the months and years ahead.”
US WBSC and Konami Digital sign esports partnership
Te World Baseball Softball Confederation (WBSC) and Konami Digital Entertainment have signed a memorandum of understanding to develop a new baseball game along with an international esports competition.
WBSC and KONAMI are planning to release WBSC eBASEBALL PAWAFURU PUROYAKYU, with the ability to switch the display language between Japanese and English. With this title, the global baseball community, including fans and gamers from countries and regions around the world, will be able to participate in the newly proposed WBSC eSports international baseball tournament.
WBSC President Riccardo Fraccari said: “Following our partnership and immense success at the inaugural Olympic Virtual Series last year, the WBSC is proud to work with a video-game publishing giant like KONAMI on
this exciting new project, which has unlimited potential to further grow our sport and connect with audiences that we’ve not yet reached before. Te WBSC, together with KONAMI, aims to harness esport to expand the baseball population worldwide while adding another powerful tool for National Federations to attract and make our sport relevant to new audiences and players/gamers in their respective countries and territories.”
Hideki Hayakawa, President and CEO of Konami Digital Ent., added: "We have been taking on challenges to develop eSport by hosting events such as the eBASEBALL Pro League and adopting the title for the Asian Games event. We wish to continue to support the development of the baseball and softball communities around the world through our games by utilising our experiences in games and esport.”
quarterly record (Q4 2021). Te industry continued to benefit from consumer demand for travel and entertainment as well as the slow return of business travel and conventions. Travel spending nationwide rose for three consecutive months in Q2 and set a new pandemic high of $105bn in June, according to the US Travel Association.
Te second quarter begins a stretch of increasingly challenging year-over-year comparisons. Unsurprisingly, the growth rate softened throughout the spring, with year-over- year revenue growth slowing from 13.1 per cent in April, to 10.7 per cent in May and 3.4 per cent in June. Tat these months still constituted three of the 10 top grossing months in US gaming history attests to the industry’s strength over the past year.
Second quarter revenue from traditional slot machines and table games generated $12.17bn or 81.9 per cent of total commercial gaming revenue. Sports betting grossed $1.46bn (9.8 per cent of total) and iGaming $1.21bn (8.2 per cent).
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