UK Announces Liberalising Measures for Gambling Venues

uk-to-liberalise-rules-for-gambling-venues-in-light-of-online-growthThe United Kingdom is set to introduce a series of liberalising measures aimed at enhancing the appeal of land-based gambling venues such as casinos, bingo halls, and arcades. This initiative is part of a broader strategy to ensure these establishments remain competitive with the rapidly expanding online betting and gaming sector.

In a written statement to lawmakers on Thursday, Minister Stuart Andrew highlighted the necessity of updating “the outdated and overly restrictive regulations” that currently govern land-based gambling. The objective is to align these venues more closely with modern payment practices and consumer behaviors.

Changes to Apply to Debit Card Payments Ban

One of the key changes will be the removal of the ban on direct debit card payments for gaming machines. This adjustment acknowledges the significant increase in the use of non-cash payments and aims to simplify transactions for players. Alongside this, the government will introduce new player protection measures to ensure responsible gambling practices are maintained.

Additionally, the reforms will allow certain casinos to increase the number of gaming machines they offer. Bingo halls and arcades will also benefit, with permission to host a higher number of larger stake gaming machines. These changes are designed to make these venues more attractive to patrons by offering a greater variety of gaming options.

Updating Fee Structure for Gambling Premise Licenses

An important aspect of the reforms is the adjustment of the maximum cap on fees that authorities can charge for gambling premises licences. The cap will be increased by 15%, addressing a fee structure that has remained unchanged since 2007. This update is intended to provide local authorities with more resources to manage and regulate gambling establishments effectively.

In the government statement, it was emphasized that these measures aim to support the land-based gambling sector while modernizing current restrictions. “Together we believe these measures will support the land-based gambling sector and modernise the current outdated restrictions, as well as helping to protect young people and supporting licensing authorities,” the statement read.

These proposed changes follow a series of reforms introduced a year ago targeting the online gambling industry. Those reforms included new online stake limits and enhanced affordability checks to combat problem gambling. The government’s approach underscores a commitment to balance the growth of both online and land-based gambling sectors while ensuring robust player protections are in place.

Reforms to Attempt to Revitalize the Land-Based Sector

The modernization of regulations for physical gambling venues is seen as a necessary step to keep up with technological advancements and shifting consumer preferences. By embracing these changes, the government hopes to revitalize the land-based gambling industry, making it more resilient and adaptable in a rapidly evolving landscape.

As the UK gambling sector continues to evolve, these liberalising measures are expected to provide a much-needed boost to traditional gambling venues. By addressing outdated regulations and enhancing the variety and convenience of gaming options, the government aims to foster a more vibrant and competitive environment for both operators and players.

Source: “UK to liberalise rules for gambling venues in light of online growth”. Reuters. May 16, 2024.

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Iconic Mirage Casino to Close for Hard Rock Las Vegas Transformation

the_mirage_casino_which_ushered_era_of_las_vegas_strip_megaresorts_is_closingThe iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, marking the end of an era for a property that played a pivotal role in transforming Sin City into a premier luxury resort destination.

The closure on July 17 will pave the way for extensive renovations and new construction on the 80-acre (32-hectare) property. In 2027, the site will reopen as the Hard Rock Las Vegas featuring a hotel tower shaped like a guitar, rising nearly 700 feet (about 210 meters) above the Strip.

“We’d like to thank the Las Vegas community and team members for warmly welcoming Hard Rock after enjoying 34 years at The Mirage,” Jim Allen, chairman of Hard Rock International, said in a statement on Wednesday.

This will be the second casino on the Strip to close this year. The Tropicana Las Vegas ceased operations in April after 67 years to make way for a $1.5 billion baseball stadium, planned as the future home of the Oakland A’s, who are relocating.

From Polynesian Themes to Mega Resorts

The Mirage, developed by former casino mogul Steve Wynn, opened its doors in 1989 with a Polynesian theme, becoming the Strip’s first megaresort. This milestone spurred a building boom on the famous boulevard throughout the 1990s. The Mirage’s volcano fountain was among the first of the Las Vegas Strip’s sidewalk attractions, setting a trend that would later include the Venetian’s canals and the Bellagio’s dancing fountains.

For years, tourists flocked to the Mirage to witness Siegfried and Roy taming white tigers or to enjoy a Cirque du Soleil performance set to Beatles music. The final performance of the Beatles-themed show, which brought Paul McCartney and Ringo Starr back together for public appearances during its 18-year run, will also be in July.

Employee Transition and Future Plans

Hard Rock International announced that more than 3,000 employees will be laid off, with an expected $80 million in severance payouts. The Culinary Workers Union, representing about 1,700 Mirage employees since its opening, stated that last year’s contract ensures laid-off workers will receive $2,000 for each year of service. Additionally, the contract offers these workers the option to be called back to work and retain their seniority when the hotel reopens.

“Culinary Union will continue to ensure workers are protected and centered in the property’s future,” the union stated.

The Mirage made history in 2022 as the first Strip property to be run by a Native American tribe. Hard Rock International, owned by the Seminole Tribe of Florida, purchased the Mirage from MGM Resorts in a cash deal worth nearly $1.1 billion. At the time, Hard Rock assured that the property would remain operational under the Mirage brand while renovation plans were finalized.

The Mirage is currently accepting no bookings beyond July 14, with all reservations past that date to be canceled and refunded.

Source: “Mirage, a landmark Strip resort, prepares to vanish”. May 15, 2024.

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Off-Strip Casino Sues F1 Over Las Vegas Grand Prix

The owners of Ellis Island Casino are suing F1 for monetary damages it claims to have suffered at the hands of last year’s inaugural Las Vegas Grand Prix.

The grandstands Ellis Island erected in front of its property for Las Vegas Grand Prix viewing. (Image: Nevada Independent)

The suit — filed last month but first reported on Friday by the Las Vegas Review-Journal — seeks more than $50,000 in compensation and also names Clark County and the State of Nevada as defendants.

Ellis Island claims that the race, and the six months of setup and teardown on either side of it, impeded both employees and customers from accessing its property, which is located on Koval Lane right next door to F1’s now-permanent, $500 million paddock building.

The night before the first practice round, according to the lawsuit, “plaintiffs’ graveyard shift team was informed by F1 or its agents that no one [was] allowed to come or go” for three hours.

The lawsuit also faults the county for categorizing the race as a special event without requiring F1 to file for a special use permit, and faults F1 for promoting this year’s race before the county held a debriefing on the first one.

Ellis Island was a Grand Prix sponsor that erected a 1,000-seat grandstand in its parking lot for viewing the race — reportedly paying a handsome but undisclosed sum for the right to do so and charging $1,500 per three-day pass.

“We saw the value of Formula One and having the facility right next door, we knew we wanted to find a way to get involved,” Ellis Island VP of Development Christina Ellis told the Nevada Independent last September. “We got into conversations pretty early on how we could be good neighbors.”

Not the First

This is the second lawsuit against F1 over the race. Last November, a group of 35,000 fans filed a class action suit last November for being cleared out of a grandstand because of a delayed practice round they paid hundreds of dollars each to view.

The outcome of that lawsuit was never reported.

In February, more than a dozen businesses near the circuit threatened to sue F1 for the $30 million they claim to have lost when race preparations cut them off from their normal customer base.

No lawsuit has yet been filed on their behalf. However, six of the businesses filed a Change.org petition calling on the Clark County Commission to deny a special use permit to close the streets for this year’s Las Vegas Grand Prix, which is scheduled to take place Nov. 21-23.

 

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SBC Summit North America 2024: Sports Betting and iGaming Professional Insights

networking_learning_and_celebrating_success_inside_sbc_summit_north_america_2024Amidst a rapidly evolving industry, the SBC Summit North America, held from May 7th to 9th, emerged as an essential event for professionals in sports betting and iGaming. Attendees gathered to explore emerging trends, share best practices, and prepare for an exciting future in the industry.

Rasmus Sojmark, CEO and Founder of SBC, expressed his enthusiasm, stating, “We had nearly 5,000 of you join us this year, a substantial increase from the 3,500 delegates we gathered at the Meadowlands last year. I am always happy to feel your support, and it seems that every year, more and more of you realize how much work the entire SBC team puts into the event. Thank you for making this edition special. It was a blast.”

Engaging Conference Program and Notable Speakers

The summit featured an extensive conference program spread across four stages, with contributions from 300 industry leaders, offering attendees abundant learning opportunities. The event provided a platform to identify challenges, discuss solutions, and explore the potential of North American markets for both regional and global companies.

Among the notable speakers were BetMGM CEO Adam Greenblatt, seasoned professionals like Jan Jones Blackhurst, and former football legend Dan Marino. Insightful perspectives were shared by Nevada Congresswoman Dina Titus on taxation and Shawn Fluharty, President of the National Council of Legislators from Gaming States (NCLGS), who advocated for model iGaming legislation. Donna Orender, former President of the Women’s National Basketball Association (WNBA), added to the diversity of topics covered, ensuring a comprehensive discussion.

Stephanie Maxwell, Deputy Director and General Counsel of the Tennessee Sports Wagering Council, highlighted the event’s value, stating, “Being here and having the opportunity to listen to panellists and learn how they’ve addressed specific issues and pain points, it’s been really helpful.”

Kenneth Fuchs, COO of Caesars Digital, added, “The conference is organized in a way that makes it easy to find what interests you and the topics are generally useful regardless of your role in the industry. Everybody can come here and learn something.”

Networking and Inclusivity

Sarah Brennan, Senior Director of Compliance at BetMGM, shared her perspective as a speaker, noting, “One of the unique aspects of SBC is the very personal interaction prior to participating in this event, which allows you to speak on a panel that’s truly relevant to your personal experience in your professional capacity right now.”

The post-event survey for exhibitors and sponsors revealed a very strong Net Promoter Score (NPS), reaffirming SBC’s dedication to providing unique experiences and value to its customers. With 100 brands showcasing as exhibitors and sponsors, there was a notably diverse representation of companies.

Brennan emphasized, “There’s a big focus on inviting different groups; I saw a lot of vendors this year that hadn’t been at SBC previously, and many regulators are here. SBC does a great job of being very inclusive about who is represented, both from the US and across the globe.”

Sam (Shmulik) Segal, Co-Founder and CEO of MediaTroopers, a long-time sponsor but first-time exhibitor, remarked, “We decided to exhibit as this is our most important market and SBC Summit North America is the most important conference of the year. We always conduct a lot of business here; all of our partners are present. This year, we thought it was time to have a stand of our own so that people who don’t know the company can get to know it.”

Diverse Networking Events and Industry Insights

The show floor buzzed with various networking events, from gatherings for women in gaming to those for the tribal community, as well as meet-ups dedicated to responsible gambling. SBC’s objective of fostering diverse representation at the event was evident through the array of attendees.

Maxwell pointed out, “I’m a regulator in Tennessee, and our motivation (for attending this event) is the opportunity to connect with all the different kinds of people we work with – other regulators, vendors, operators.”

“The event has definitely evolved. There are way more people here. A lot more people, new entries, and new faces, and it’s exciting to see that every year honestly,” added Brett Hoffman, Founder of Gator Wagers.

Fuchs agreed, “Everybody that I generally want to catch up with is here, whether it’s across payments, data, innovation, or other operator peers, or people I know from the media, so it’s a nice mix of the industry.”

Segal added, “It seems that this time it’s even more packed than in previous years – we’ve seen everyone we’re working with in North America, everyone. It was amazing for us.”

In typical SBC fashion, the evenings concluded with networking events held at NY hotspots such as Slate NYC, Magic Hour Rooftop Bar & Lounge at Moxy Times Square, and the iconic Red Bull Arena.

Shawn Fluharty, who apart from his function as President of NCLGS, is also the Head of Government Affairs at Play’n GO, a headline sponsor of the party at Slate, commented, “You have companies from all over the world convening here because they know they’re going to shake hands with the people who are important in the industry and make those connections.”

Slot influencer Kelly Koffler was brief but expressive: “My biggest takeaway from the event is that you guys throw one hell of a party!” The Casino Kelly streamer, summarized the essence of the event well. “There’s a lot of value for anyone doing what I’m doing, because iGaming is only becoming more prevalent, so the more we learn, the more we can give to our viewers. They look up to us to be educated, so this is perfect for that.”

Mark Hicks, Managing Director of the NCAA, remarked, “This is the best event to attend throughout the year. Everybody we need to see is here, and the educational sessions are phenomenal.”

Source: “Networking, Learning, and Celebrating Success: Inside SBC Summit North America 2024”. May 14, 2024.

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Scottie Scheffler Out of Jail Following Arrest on Way to PGA Championship

Scottie Scheffler, the world’s top-ranked golfer and betting favorite at this week’s PGA Championship, is out of jail following his arrest early Friday morning.

Scottie Scheffler arrested jail PGA Championship
Scottie Scheffler’s booking photo after being arrested on Friday, May 17, 2024, in Louisville. Scheffler was detained after he tried to drive around a police barricade on his way to the PGA Championship. (Image: Louisville Metro Police Department)

Scheffler, the 2023 Masters champion and most sportsbooks’ biggest liability this week at Valhalla Golf Club in Louisville, was arrested this morning after failing to adhere to a police barricade.

A large police presence surrounded the lone road to Valhalla after a spectator shuttle bus fatally struck a pedestrian on Shelbyville Road around 5 a.m. Law enforcement had closed the road to investigate the accident.

Scheffler reportedly attempted to drive around the nearly one-mile backup. A police officer grabbed onto his vehicle, which was sporting PGA Championship decals, and Scheffler stopped after about 10 yards.

The 27-year-old and new father was quickly handcuffed and escorted to a police vehicle. A most shocking development for Scheffler’s squeaky-clean image.

ESPN’s Jeff Darlington witnessed it all.

“Scheffler was walked over to the police car, placed in the back, in handcuffs, very stunned about what was happening, looked toward me as he was in those handcuffs and said, ‘Please help me,’” Darlington said. “He very clearly did not know what was happening in the situation. It moved very quickly, very rapidly, very aggressively.”

Booked, Released

Scheffler was booked at 7:28 a.m. His processing paperwork shows he’s been charged with second-degree assault of a police officer, third-degree criminal mischief, reckless driving, and disregarding traffic signals from an officer directing traffic. However, rumors are swirling that those charges have already been “disposed” or dismissed.

The PGA Championship had delayed the start of the second round because of the accident. Scheffler was released at 8:40 a.m. and is expected to make his tee time, which had been delayed to 10:08 a.m.

Reports said Louisville police seemingly had no idea who they were arresting in Scheffler, who reportedly said he was told by PGA staff that player vehicles would be allowed to proceed around the police barricade to the course entrance.

Scheffler making his tee time and remaining in the tournament is a major win for the many bettors who have action on him this week. Sportsbook reps say if he had missed his tee time, most bets on Scheffler would have remained valid and the books would have kept the wagers.

Though a golfer’s arrest to cause a missed tee time in a major championship would have been unprecedented, since Scheffler played the first round, all “to win” and other finishing position wagers would have been determined as losing bets.

Louisville Backlash?

Golf fans are in an uproar this morning, with many expressing grievances with the Louisville Metro Police Department for Scheffler’s arrest. “Free Scottie,” “Misunderstanding,” and “Boycott Louisville” are among the trending topics on X this morning.

Scheffler shot -4 for a 67 in his opening round on Thursday to trail by five after Xander Schauffele lit up an easy Valhalla with an opening round 62.

Despite being T12 after the first round, Scheffler has the second-shortest outright odds along with Rory McIlroy at +400 (-5). Schauffele is now the betting front-runner at +240.

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