News and Analysis
MGM Get Clearance for LeoVegas Takeover
MGM Resorts International has got regulator clearance for its proposed LeoVegas acquisition, which was agreed upon in May this year. MGM expects the acquisition to go through on September 7th. The purchase is part of MGM’s strategic goals for a global presence.
“Our vision is to be the world’s premier gaming entertainment company, and this strategic opportunity with LeoVegas will allow us to continue to grow our reach throughout the world. We have achieved remarkable success with BetMGM in the US, and with the acquisition of LeoVegas in Europe, we will expand our online gaming presence globally.
We believe that this offer creates a compelling opportunity that allows the combined teams of MGM Resorts and LeoVegas to accelerate our global digital gaming growth and fully realise the potential of our omnichannel strategy.”
Bill Hornbuckle, MGM Chief Executive, and President.
Michigan’s Gambling Market Hits Back
After three months of consecutive revenue decline, the Michigan market is hitting back with a combined online betting and casino revenue of $148.2m for July, 8% higher than in June and up 32.4% on July 2021. Online casino saw the highest YoY growth with a 37.2% increase. Meanwhile, sports betting grew by 10.2%.
Michigan Investigators Seize Illegal Slots
In more news from Michigan this week, state regulators have seized 67 illegal gambling machines and more than $10,000 in cash following two raids on suspected illegal gambling establishments.
Kansas Sets Legal Betting Launch for September 1st
It’s been a big week for Kansas as Governor Laura Kelly has announced that licensed operators can accept their first bets from September 1st. With excitement levels riding high in the state ahead of next week’s launch, Governor Kelly said;
“Legalising sports betting is a common-sense solution that keeps Kansans’ money in Kansas and drives business to sporting events, casinos, restaurants, and other entertainment venues … I want to thank all our partners for working with us to get this done in time for football season.”
US Tribal Gaming Revenue Hit Records for 2021 Revenue
The National Indian Gaming Commission has released revenue figures showing a record-breaking year for 2021, with total revenue hitting $39bn. This is a 40% increase on 2020 and 13% more than in 2019. As well as hitting records for total revenue, the year-on-year increase is also the largest recorded.
Slot game of the Week
10,000 Wonders 10K Ways: ReelPlay, RTP 96.16%
10,000 Wonders is a slot from Aussie developers ReelPlay (the guys behind the infinity reels mechanic), and as the name might’ve given you a clue, it comes with a whopping 10,000 ways to win on every single spin.
This is the second slot from ReelPlay to use the 10K Way mechanic (the first was Hypernova), and it brings a touch of magic with an Arabian nights theme. Add in the cascading reels, wilds, magic lamp scatters, bonus re-spins, random diamond coin wins, and sticky symbols, and this slot title is a sure hit. What’s more, it promises big wins of up to 5,662x your stake.
Ready to play? Then load up the reels and start spinning from $0.20 to $40 a round at these top ReelPlay US online casinos.
