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Delaware Business Now

Bally's completes sale of Tropicana Las Vegas

Bally's Corporation completed the acquisition of the Tropicana Las Vegas. GLPI and PENN completed a transaction of non-land assets of Tropiana for $148 million. Bally’s will lease the land underlying the property for 50 years at an annual rent figure of $10.5 million, similar to the lease deal at its Dover property. The Tropicoana is located on a 35-acre parcel on the Las Las Strip. It includes 1,470 guest rooms, 50,000 square feet of casino space, a 1.200-seat performance theater and 100,00 square ft of convention and meeting space. Caesars is expected to rebrand the current Bly's on The Strip to its Horse Shoe brand.
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Pokerfuse

Why US Online Casino Gaming Won't Be Impacted by Michigan Joining MSIGA

Michigan joined the Multi-State Internet Gaming Agreement in May. The law prohibits the Michigan Gaming Control Board from authorizing internet games other than poker. Online poker apps BetMGM Poker MI, PokerStars MI and WSOP MI can focus on meeting certain conditions outlined by the MGCB before they can launch multi-state poker games.
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Why US Online Casino Gaming Won't Be Impacted by Michigan Joining MSIGA
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More Record Gambling Revenue in New Jersey, Pennsylvania & Tennessee: - New Jersey generates over $5.2 billion last year! Pennsylvania $5.2 billion!

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Michigan, New Jersey to Form PokerStars Shared Pact

Michigan, New Jersey to Form PokerStars Shared Pact
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#Caesars Signs with #NeoGames to Launch in New Jersey

#Caesars Signs with #NeoGames to Launch in New Jersey
European Gaming

Casinos Market Growth USD 764861.32 million by 2027

The global Casinos market size was valued at $545645.2 million in 2021 and is expected to expand at a CAGR of 5.79% during the forecast period, reaching $764861.32 million by 2027. Casino is a tourist attraction and indoor amusement zone.
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Casinos Market Growth USD 764861.32 million by 2027
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iGaming Business

Delaware igaming revenue reaches record $1.2m in April

Delaware igaming revenue reached a record $1.2m in April. Video lottery games, table games and poker rake and fees made up the majority of the revenue. Players wagered $37.0m on online gambling in the state in that month. Delaware Park made the most with $617,702, Dover Downs $366,310 and Harrington Raceway $237,877.
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Delaware igaming revenue reaches record $1.2m in April
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Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor

63,238 people in China were accused of opening casinos between January 1 and September 30, 2021. The influence of the internet has pushed traditional gambling online, while pockets of offline gambling still exist. Several criminal syndicates facilitate offshore gaming for Chinese citizens using overseas casinos. 11 suspects, including Macao tycoon Alvin Chau Cheok Wa, were arrested on Sunday. They confessed to setting up overseas gambling platforms and other illegal acts. They will be sentenced according to the law of China.
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Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor
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Everi Signs Five-Year Agreement With Delaware Lottery To Provide Popular Three-Reel Mechanical And Video Slot Content Including Progressive Titles

Everi Holdings Inc. (NYSE: EVRI) has signed a five-year agreement with the Delaware Lottery to launch its gaming content. The company plans to install nearly 500 units across Casino at Delaware Park, Dover Downs Hotel & Casino, and Harrington Raceway & casino by early 2022. Everi will deploy almost every cabinet in its portfolio. The Vault game theme will be used as a showcase bank for the Company's Empire Arena platform.
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Everi Signs Five-Year Agreement With Delaware Lottery To Provide Popular Three-Reel Mechanical And Video Slot Content Including Progressive Titles
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Casino Market is Set To Fly High in Years to Come

The report contains different market predictions related to revenue, production, CAGR, Consumption, gross margin, price and other substantial factors. It also examines the role of the leading market players involved in the industry. The Major Players Covered in this Report are Harrington Gaming, 888 Holdings, William Hill, Delaware Park, Galaxy Entertainment, Betfair, Tropicana Entertainment and Las Vegas Sands. The study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of Global Casino Market.
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Casino Market is Set To Fly High in Years to Come
The Japan Herald

Casino Market Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread), Key Players, Types, Applications, Countries, Industry Size 2021

Casino Market Study Report 2021 is available. It provides a top-to-base evaluation of the currency market. The report examines market segments related to expansion trends, growth prospects and donations to the whole sector. It also evaluates the growth of key marketplace players through the assistance of business expansions.
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ABL Adviser

Citizens Advises Bally’s on Acquisitions of Tropicana Evansville and Jumer’s Casino & Hotel

Citizens advised Bally's Corporation on its acquisition of Tropicana Evansville in Evans, IN and Jumer’s Casino & Hotel in Rock Island, IL. Baly”s acquired Tropiana for $140 million and the Jumers for $120 million. Citizens value its role as a critical financing partner to Bly“s. They value their status as trusted strategic and financial advisor to the company in their ongoing M&A initiatives. The Evans and
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Top US Online Casino Markets by Average Yearly Spend

The iGaming industry has come a long way in the last seven years. Two of the five legal markets in US launched in last 12 months. The total US i gaming market has taken all-time handle of more than $54 billion. VegasSlotsOnline News has assessed which states are home to the biggest online casino gamblers. They are New Jersey, Pennsylvania, Delaware, West Virginia, and Michigan.
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Top US Online Casino Markets by Average Yearly Spend
iGaming Business

Delaware online gaming revenue edges up in April

Revenue from igaming in April was $874,012, up from $800,182 in the same month last year. Video games were the main source of revenue, generating $707,752. Table games generated $128,038 and poker rake and fees $38,222. Consumers won $20.6m from online gaming during the month. Dover Downs was the most successful of the US state's three operators, earning $369,258 in revenue from bets. Delaware Park ranked second with $261,414.
Finance
Delaware online gaming revenue edges up in April
Review Journal

Tropicana Las Vegas owner reports solid first-quarter results

GLPI announced the $308 million Tropicana Las Vegas transaction in mid-April. GLPI is acquiring the assets of Bally’s casino properties in Rock Island, Illinois, and Black Hawk, Colorado. The company is also adding to the master lease for Tropics Evansville and Dover Downs Hotel and Casino properties. GL PI reported strong first-quarter net income results of $127.2 million, 54 cents a share, on revenue of $301.5 million for the quarter that ended March 31. It compares with net profit of 45 cents on $283. 5 million in the same quarter a year earlier.
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Tropicana Las Vegas owner reports solid first-quarter results
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Harrington Casino reopening June 1st with limited capacity

Harrington Raceway and Casino will re-open on Monday, June 1st with a limited capacity. The casino will be open from 10 AM to 2 AM. There will only be 500 slot machines operational. Everyone entering the building will have to wear a mask, answer a short questionnaire and get their temperature checked. Extra staff will also be around to help clean and remind people of guidelines. Dover Downs will reopen on June 15th. The facility employs 750 people. It represents between the 3rd or 4th greatest source of income to the state of Delaware.
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Harrington Casino reopening June 1st with limited capacity