News and Analysis
MGM Bids for LeoVegas
MGM Resorts has bid to acquire LeoVegas for approximately $607m. The acquisition would allow MGM to offer online gambling in Europe and elsewhere. If Leo Vegas shareholders accept the deal, it’s expected to be finalized in quarters three and four of 2022.
Scientific Games Changes Name
Scientific Games has officially changed its name to Light & Wonder after announcing the move in March of this year. The change is part of the company’s strategic vision “to become the leading cross-platform global game company.”
Massachusetts Senate Passes New Betting Bill
The Massachusetts Senate has passed SB 2844, which would amend the State’s general laws and legalize online and land-based sports betting. However, the bill includes a ban on most forms of marketing, stating that; “advertising, marketing, and branding through certain identified promotional items that, as determined by the commission, tend to increase the likelihood of problem gambling, which may include giveaways, coupons or promotional gaming credits.”
It also introduced a tax rate of 35% for online revenue and 20% for land-based operators, along with a $5m application fee. There are currently three category one gaming licenses, with each provider can operate one online skin each. The state commission may also issue up to six category two licenses for online-only operators. The house is still yet to approve the final version of the Bill.
Maine Governor Signs Bill to Allow Sports Betting
Governor Janet Mills has this week signed LD 585, which would allow each of the state’s four tribes to apply for online sports betting licenses, with each able to pair with one online operator. Additionally, the state's nine combined racetracks and off-track facilities may also apply for a license to operate online gambling.
Game of the Week
Hootie’s Fortune Slot: High 5 Games, RTP 96%.
Hootie’s Fortune is a brand new slot from one of our favorite providers, High 5 Games. It’s a 5x3, 20-line slot with stunning graphics and action-packed gameplay. Set in an immersive woodland, the main characters on the reels are owls, along with other forest animals, and there’s a scatter, wild, and jackpot symbol. The jackpot symbol is fixed and will pay out 1,000x your line bet for 5 symbols.
During the base game and free spins (3+ top hat scatter symbols trigger free spins), you’ll need to keep your eyes peeled for lucky golden eggs as these increase the multiplier meters and increase wins for max payouts of up to 6,240x the bet. Overall, it’s a great play, especially for those who like animal-themed slots.
You can play Hooties Fortune from $0.20 to $150 (or demo mode) a spin at these High 5 Games Casinos.