New and Analysis
Massachusetts Signs Sports Betting into Law
HB 5164 has been signed into force by the Massachusetts governor, Charlie Baker, this week. It permits any land-based casino or racetrack operator in the state to apply for a license with an additional seven online-only licenses that will also be available. Permits cost $5m, and online tax rates are 20%. The Massachusetts Gaming Commission will be the regulator, designating licenses and ensuring compliance.
NY Betting Handle Falls Under $1bn
NYโs betting handle has fallen below $1bn for the first time since the market opened in January this year. Total spending was $800.8m, down 23.8% from June. FanDuel, DraftKings, and BetMGM are the most popular options in the state by total betting revenue.
Caesars and Eastern Band Cherokee Indians Partner for New Casino Venture
Caesars and the Eastern Band Cherokee Indians have announced a joint venture partnership for new Caesarsโ land-based casino development in Danville, Virginia. Work on the 500-room resort commences this week and is due to be completed by 2024. The casino will house over 1,300 slots, 85+ live tables, and a retail sportsbook.
Indian Gaming Revenue Hits Record Increases for 2021
The National Indian Gaming Commission has announced record revenue figures for 2021, showing a 40% increase on 2020 and a 13% increase in pre-pandemic years. All regions have shown increases across the board.
Evolution Gaming Acquires Nolimit City
Evolution Gaming has this week completed its acquisition of Nolimit City. The move further increases Evolution Gamingโs slot offering after acquiring Red Tiger, NetEnt, and Big Time Gaming. Nolimit is known for its innovative, cutting-edge, and award-winning games.
Slot Game of the Week
Dwarfs Fortune Slot: Wazdan, RTP: 96.16%
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