Thursday, April 22, 2021

Unibet awarded sports betting permit in Virginia

Unibet Interactive, Kindred Group's U.S. arm, was awarded a direct market access mobile sports betting permit in Virginia on Wednesday. After successful launches in New Jersey, Pennsylvania, Indiana, Virginia will be a key state in Unibet's East Coast expansion. Virginia is one of the largest states in the U.S. market and mobile sport betting is expected to reach over $370 million in annual revenues at maturity.

"Our aim is to go live shortly and we expect that the success we have seen in New Jersey, Pennsylvania and Indiana will of course follow in Virginia", says Manuel Stan SVP US, Kindred Group.

"We are very grateful to the Virginia Lottery for awarding us one of the seven stand-alone mobile sports betting permits in a very competitive process. We look forward to opening an office in Virginia, which will function as our third hub together with our offices in New York and New Jersey,” concludes Stan. 

Currently there are six online sports betting services available in Virginia that started launching in January:

Jan. 21, 2021 - FanDuel

Jan. 24, 2021 - DraftKings

Jan. 27, 2021 - BetMGM

Jan. 27, 2021 - BetRivers

Feb. 3, 2021 - William Hill

March 10, 2021 - WynnBET

Coming soon - Bally's

Coming soon - Golden Nugget

Coming soon - Barstool Sportsbook

Coming soon - Unibet

Wednesday, April 21, 2021

Bally's responds after casino proposal is no longer considered in Richmond

A resort casino evaluation panel in Richmond, Va., has reduced the list of proposed casino projects being considered to two, Live! Casino & Hotel Richmond and ONE Casino + Resort.

The proposed Bally’s Richmond Casino Resort and the project’s proposed site of Parkway Crossings (Chippenham Parkway and Powhite Parkway) are no longer being considered by Richmond's Resort Casino Evaluation Panel, officials said in a press release on Wednesday.

The Evaluation Panel is no longer considering the Bally’s project or the Parkway Crossings site for a resort casino due to concerns about site access, environmental factors, and required approvals from non-city entities that may not be granted or extend the project timeline,” said Leonard Sledge, director of the city’s Department of Economic Development. “We also appreciate the many Richmond citizens who have shared their thoughts throughout this process.”

President and Chief Executive Officer of Bally's, George Papanier, said his company's proposal is the best for Richmond and provided the largest financial package with the most economic benefit to RVA residents and business owners. “We were deeply committed to this project, as well as to becoming a responsible neighbor and member of the Richmond community,” Papanier said. “Should the city reconsider its decision, we would be pleased to reengage."

Papanier continued, “With a total value of $650 million, including an upfront, unrestricted $100 million payment to the city, along with $28-$30 million in annual tax payments, Bally's Richmond offered the largest financial package of the remaining finalists. Bally's Richmond was estimated to attract approximately 3.7 million visitors annually, generating $415 million in annual total gross revenue, $5.3 billion in economic value over 10 years as well as creating over 2,000 full-time equivalent jobs.”

Bally's currently owns and manages 12 casinos across eight states, a horse racetrack and 13 authorized Off Track Betting licenses in Colorado.

"We respect the city's decision, and look forward to providing our best-in-class online sports betting platform to sports fans across the State of Virginia under our recently awarded temporary sports wagering permit.” Currently, there are six online sports betting services available in Virginia.

Richmond's evaluation panel is continuing its evaluation of the remaining proposals and sites (Live! Casino & Hotel at 1301 N. Arthur Ashe Boulevard and ONE Casino + Resort at 2001 Walmsley Boulevard).  Factors in the evaluation of the proposals include:  community impact and community benefits; location; direct revenue impact to the city; project feasibility and project sustainability; and economic development impact.

Tuesday, April 20, 2021

BetMGM to integrate responsible gaming program into sports betting app

BetMGM announced Tuesday that it will integrate a responsible gaming program called GameSense into its mobile sports betting app. The agreement marks the first time an online gaming operator in the United States will utilize the industry-leading program.

Developed by the British Columbia Lottery Corporation, GameSense is an award-winning program that incorporates responsible gaming resources and education into the customer service model – providing every player with tools and support to make informed decisions and play responsibly. It also connects players with trained specialists, known as GameSense Advisors, and focuses on positive, transparent, and proactive communication to educate players about healthy habits and how to keep gaming fun, safe and responsible.

GameSense is expected to be fully integrated into the BetMGM platform later this year.

MGM Resorts first launched GameSense at its U.S. properties in 2017, making available educational resources and interactive GameSense touchscreens at its M life Rewards desks.

GameSense will be available to customers in all current and future states where BetMGM operates, like Virginia.