While it hasn’t been officially dubbed a fire sale by anyone, it’s definitely a fire sale. Station Casinos has put all its land in Reno up for sale, including a spot the casino operator had hoped it could turn into a massive gambling resort. The Reno Gazette-Journal explains that the properties were listed this past Saturday, and the fact that Station is most likely looking at taking major losses through any deal, it must be looking to come up with some fast cash. 

The two major properties that are now listed on CREXi.com, a commercial real estate exchange include an empty, 89-acre plot in south Reno and one that spans eight acres close to the Reno-Sparks Convention Center and Reno Town Mall. The latter is where Station had hoped to build its next venue before it ran into serious trouble with locals, as well as economic setbacks. 15 years after making the move, nothing ever emerged.

Station envisioned a gambling facility and 900-key hotel for the property when it was first purchased in 2005. It saw massive, 225-foot hotel towers, retail spaces and, of course, a casino. $500 million would go toward the property’s development and, within a year, Station had received approval by the Reno City Council. In 2008, however, the real estate bubble in the US burst, and things went downhill. Nevada was hit hard by the recession, losing both a lucrative real estate development industry and its significant tourism market. Within six years, in 2014, the casino operator was looking to unload some of its Reno land, but wanted to keep the larger 89-acre property in its portfolio. Two years later, that changed and it, too, went up for sale.

Station then backed off and decided to approach the Reno City Council with another proposal, one that would include a smaller venue and no hotel. Once again, resistance emerged and nothing was ever produced, despite the company getting the green light from the council. With all of the properties now available for new ownership, it seems as though Station may have given up on its Reno renovation. 

Any deal worked out would almost certainly be done at reduced prices, which calls into question Station’s reasons for making the move now. It announced this past July that four of its casinos in Las Vegas were going to stay closed as the city emerged from the coronavirus threat, adding that they could be shuttered for as much as an entire year. The Fiesta Henderson, Fiesta Rancho, Palms and Texas Station are currently down and aren’t expected to reopen until June 30, 2021. 

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The Netherlands is pushing back the reorganization of its online gambling space by two months in the latest delay caused by the coronavirus chaos that has gripped the world.

The country’s gambling authority, Kansspelautoriteit, confirmed on Monday that the Remote Gambling Act, which the Dutch Senate finally passed in 2019 after years of delays, will take effect on March 1, 2021 and the online gambling market will open exactly six months later on September 1, 2021.

The country’s new gambling law was previously expected to come into force on January 1, 2021 and first legal operations were scheduled to begin on July 1 of that year, but then the coronavirus pandemic happened and the rest is history.

Kansspelautoriteit’s Monday announcement did not come as a big surprise, though, as the Dutch Minister for Legal Protection at the Ministry of Justice and Security, Sander Dekker, suggested in June that there might be some delays in the implementation of the new regulatory framework, citing the restrictions imposed on the government by the Covid-19 pandemic.

The newly announced online gambling timetable follows a previous six-month delay announced by Dutch lawmakers late last year as the government needed more time to prepare the necessary secondary regulations for the reorganization and regulation of the country’s online gambling market.

Delay Announced after Consultation with Stakeholders

The Dutch Gambling Authority said that the decision about the delay in the implementation of the Remote Gambling Act was made after Minister Dekker discussed the matter with all involved stakeholders.

The regulator further noted that if the new gambling law takes effect on March 1 next year, interested online gambling operators will be able to begin submitting their license applications from that date.

The Netherlands currently does not have a framework that governs the provision of online gambling services in the country, which has enabled international operators to service local gamblers in an unregulated environment for many years.

Last year’s final approval of the Remote Gambling Act was the last important step before Dutch lawmakers could make some actual progress on the reorganization of the local market. The Senate vote on the proposed legislation was delayed for nearly three years after members of the House voted in its favor in the summer of 2016.

The Dutch government submitted this past July its planned online gambling framework to the European Commission to review.

Under the Netherlands’ Remote Gambling Act, Kansspelautoriteit would be tasked with overseeing the country’s reorganized gambling market, while locally licensed operators would be subjected to regular audits of their activities, among other requirements.

One of the more restrictive such measures would require online gambling license applicants to clean the customer bases they have amassed throughout the years before the reorganization of the local space.

Other rules include a requirement that license holders submit annual reports with detailed information about their site usage. Operators will also have to inform Kansspelautoriteit about the number of rejected players, all possible data breaches, and the number of complaints they have handled every year.

In addition, licensed gambling companies will be prohibited from taking bets on so-called negative events, including red cards in football matches and events that have no bearing on the outcome of a game.

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Online casino games maker Revolver Gaming has teamed up with iGaming and sports betting operator Leon Gaming to provide it with access to its full suite of online slots.

The recently signed content supply deal will see Leon Gaming add Revolver’s gaming title to its Leonbets website.

Launched in 2007, Leonbets is a sports betting and casino website that services players and sports fans from around the world. It features a full sportsbook that takes bets on football, basketball, hockey, racing, and more as well as a wide library of online casino games from major industry providers.

As mentioned above, as part of its owner’s partnership with Revolver, Leonbets will be able to roll out the supplier’s more than a dozen games and offer these to its players.

Leonbets and its players are set to gain access to hit Revolver games Squish, Parrots of the Caribbean, and Dragon Spins, among others. Future slots by the provider will also be launched with Leonbets as they get released. Revoler’s next game to be rolled out is Irish Coins. The games maker is set to debut its new online slot in September.

A Great Addition

Of their partnership with Leon Gaming, Ryan Lazarus, CEO of Revolver Gaming, said that the operator has “an awesome service” for its customers from around the world with an “excellent sportsbook and casino.”

Mr. Lazarus went on to say that seeing their games on such a big brand is beyond words for his team at Revolver and that they hope Leonbets’ customers will have a lot of fun with their content.

Leonbets Casino Manager Dmitry P, said that they always strive to provide their customers with exciting new content and that they believe Revolver Gaming’s “quality content will make a great addition to our games offering.”

Based in London, Revolver developers HTML5 games for the online casino industry that can be played both on desktop and mobile. The company also runs a Game Aggregation Platform that provides iGaming software developers with the opportunity to distribute their content to Revolver’s network of operator partners.

As mentioned earlier, Revolver is just days away from adding a new title to its library. Irish Coins is set for September release. The game is inspired by the “luck of the Irish” and is set against the backdrop of lush green hills.

Irish Coins is a high-volatility five-reel slot with 20 paylines. The game features 2x randomly stacked symbols in every new game. Players need to chase shiny gold coins and fill their lucky pots to win free games with retriggers, multipliers, or a progressive jackpot prize.

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Live Casino specialist Evolution Gaming has inked another major US deal as it looks to expand its footprint in the fast-growing market.

The company announced that it has teamed up with BetMGM to provide the online gambling operator with access to its live table games and a growing range of game show-style titles.

BetMGM is the product of a joint venture formed between GVC Holdings and Las Vegas casino operator MGM Resorts International in 2018. The brand offers digital sports betting and casino experience in several states where the practices are available.

Under the terms of the recent agreement between BetMGM and Evolution, the iGaming operation and its sister brands Borgata Online and PartyCasino will gain access to the Live Casino supplier’s live table games and game show-style products from Evolution’s Live Casino studio in New Jersey.

The partnership will then extend BetMGM’s Live Casino offering in the Garden State with titles from supplier Ezugi, which was acquired by Evolution in January 2019.

Following the launch in New Jersey, BetMGM will work together with Evolution to roll out the provider’s content in Pennsylvania and Michigan. The Live Casino expert plans to launch new studios namely in these two states. The Pennsylvania studio is expected to be opened by the end of the year, while the Michigan is slated for 2021 opening.

A Perfect Fit

Of their partnership with Evolution, BetMGM Vice President of Gaming Matthew Sunderland said that the brand has been created with the very clear objective to “lead sports betting and online gaming” in the US and that as “the undisputed leader and innovator in Live Casino services for digital gaming, Evolution is the perfect fit for us.”

Mr. Sunderland went on that Evolution offers everything BetMGM needs to enable its brands to go live with “an extremely rich, world-class online live gaming experience” across regulated US territories and that the Live Casino supplier’s new state launches roadmap “is very much in accord with our own alongside building on our current leadership in gaming in New Jersey.”

Evolution’s partnership with BetMGM represents an extension of the company’s existing collaboration with GVC Holdings and its Europe-facing brands.

Commenting on their partnership with BetMGM, Evolution Gaming Malta CEO Johan Nordstrom said that they are honored to have been picked by BetMGM to collaborate in the fast-growing US live casino market.

News about Evolution’s partnership with BetMGM emerge shortly after the provider announced that it has teamed up with PointsBet, an Australian online sports betting operator looking to capitalize on the growing US digital betting and gaming market.

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Casino and horse racetrack operator Churchill Downs Incorporated is set to migrate its sports betting and online casino offering to European platform providers GAN and Kambi, news emerged earlier this week.

Under recently penned multi-year agreements with GAN and Kambi, the two providers will deliver player accounts management, sports trading, casino platform, and risk management services for Churchill Downs’ BetAmerica iGaming and athletic gambling brand.

GAN and Kambi will thus power BetAmerica’s online, mobile, and on-property betting experiences as well as its online casino offering.

Churchill Downs purchased BetAmerica in the spring of 2017 in anticipation for the annulment of a long-standing federal ban on sports betting. At the time, BetAmerica was an advance-deposit wagering site that took bets on horse races.

After the US Supreme Court struck down the athletic gambling ban in May 2018, Churchill Downs began promoting BetAmerica as its wagering brand and has entered multiple states with it since then.

BetAmerica runs a retail facility in Mississippi, a betting site and an app as well as an online casino in New Jersey, a retail sportsbook and digital betting and gaming operation in Pennsylvania, and a retail site and a betting site and app in Indiana.

Churchill Downs also plans to launch its BetAmerica brand in Colorado and Michigan by the end of the year.

BetAmerica Poised to Benefit from GAN, Kambi’s Proven Excellence

Of their partnerships with GAN and Kambi, Churchill Downs CEO Bill Carstanjen said BetAmerica will benefit “from the proven excellence of these market-leading providers” and that GAN and Kambi will enable their team to execute the launch of BetAmerica’s sports betting and iGaming products more efficiently in multiple new states.

Dermot S. Smurfit, CEO of GAN, said that they look forward to powering BetAmerica and enabling Churchill Downs to “efficiently invest their marketing capital to attract loyal sports betting and iGaming players.”

Kristian Nylén, CEO of Kambi, said that with the quality and experience his company possesses, paired with BetAmerica’s leadership team, they will be “able to grow our businesses together as the US sports betting and iGaming market expands.”

BetAmerica was previously powered by SBTech. However, the sports betting technology provider was recently purchased by wagering operator DraftKings, which means that BetAmerica would have benefited a rival betting business by using its platform.

Reports that Churchill Downs would switch its BetAmerica brand onto GAN and Kambi’s platforms first emerged this past June. However, the agreement between the operator and the two providers was only provisional at the time.

Speculations were further fueled when GAN said in its earnings call for the first quarter of 2020 that it has secured an “agreement in principle” with a tier one operator that could generate between $300 million and $400 million in annual revenue within the next three years. Investors noted at the time that Churchill Downs matched the description provided by GAN.

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