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Nevada records fourth highest July gaming win in history and second highest on the Strip
Nevada gaming surpassed $1 billion in revenue for the 17th consecutive month in July, marking the fourth highest monthly total in history at $1.31 billion and the second highest ever on the Las Vegas Strip. It took a record July 2021 to keep last month from surpassing that total. July 2022’s revenue decreased $43 million, a drop of 3.2%, from the $1.35 billion in July 2021, according to the Nevada Gaming Control Board.
IGT to pay $270 million to settle social gaming lawsuit
Global gaming giant IGT says it will pay almost US$270 million to settle a class action lawsuit brought against it by customers of its former social gaming subsidiary DoubleDown Interactive Co Ltd (DDI). The company said this week that it has reached an agreement in principle in the case of Benson v DoubleDown Interactive LLC, which was first launched in 2017 just a few months after IGT disposed of DDI in a hefty US$825 million deal.
Ontarians wager $4 billion (CAD), market produces $162 million gaming revenue in first quarter
The public can finally see numbers indicating how Ontario‘s new regulated iGaming and online sports betting market is performing since its launch on April 4. Ontarians wagered more than $4 billion (CAD) and the market produced $162 million total gaming revenue — from iCasino, online sports betting, and online poker — for the period of April 4-June 30, according to the first revenue report released by iGaming Ontario. (As of Aug. 30, $1 CAD is equal to $0.76 USD.)
California: Top elected officials voice opposition to Proposition 27
Though California Gov. Gavin Newsom deems himself neutral on Proposition 27, the digital sports betting ballot initiative with funding earmarked for homelessness and mental health programs, several other key elected officials voiced strong opposition to the measure Monday in describing it as a sham. “Proposition 27 exploits California’s tribes and our resources while making no real investments in California,” Lt. Gov. Eleni Kounalakis said in a press release shared by the No on 27 campaign.
VSiN’s announces new fall lineup featuring Broadcast Hall of Famer Brent Musburger
VSiN’s new fall schedule that launches today will be headlined by a member of the Sports Broadcasting Hall of Fame. “Countdown to Kickoff with Brent Musburger,” is the centerpiece of NFL football coverage on Sundays by the Las Vegas-based sports betting network owned by DraftKings. “The addition of this new programming and its industry leading talent will position VSiN to provide the growing number of sports bettors in the U.S. with expert betting insights and premium content,” said VSiN General Manager Len Mead in a statement.
Las Vegas: Circa, Able Baker Brewing partner to create ‘Vegas Vickie Neon Blonde’ beer
Las Vegas’ famous neon kicking cowgirl now has her own beer. Able Baker Brewing Company and Circa Resort & Casino in downtown Las Vegas have teamed up to create a custom blonde lager beer – the Vegas Vickie Neon Blonde. The new brew pays homage to the iconic kicking neon cowgirl, Vegas Vickie. According to a news release, the the 4.5% ABV beverage, which is only available at Circa, will be served in a 16 oz. can. The drink is described as a crisp and clean lager with more character and depth of flavor than the standard light beer.
Ainsworth returns to profit in FY22 as American markets boost recovery
Australian slot machine supplier Ainsworth Game Technology Limited (AGT) returned to profit in the financial year ended 30 June 2022, aided by improved performance in Latin America and the global-wide recovery from the COVID-19 pandemic. Profit After Tax reached AU$11.8 million (US$8.2 million), reversing an AU$53.4 million (US$37.1 million) loss in FY21 on the back of a 38% year-on-year increase in revenue to AU$220.2 million (US$152.9 million). This included revenue of AU$100.7 million (US$69.9 million) in the first six months of the financial year and AU$119.5 million (US$83.0 million) in the second half.