New York State Gaming Commission

Online Gambling Market size to grow by USD 150.5 billion from 2022 to 2027, APAC to account for 39% of the market growth - Technavio

Retrieved on:

Thursday, June 1, 2023

Sportech, LeoVegas, Matched betting, Entain, MGM Resorts International, Government, FMBCapital Holdings Plc, New York State Gaming Commission, BetOnline, Gambling

NEW YORK, May 31, 2023 /PRNewswire/ -- The online gambling market size is set to grow by USD 150.5 billion between 2022 and 2027 and register a CAGR of over 11.03%, according to Technavio's latest market research report.

Key Points:

NEW YORK, May 31, 2023 /PRNewswire/ -- The online gambling market size is set to grow by USD 150.5 billion between 2022 and 2027 and register a CAGR of over 11.03%, according to Technavio's latest market research report.
With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources.
This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities.

Las Vegas Sands to Pursue Multi-Billion-Dollar Downstate New York License at Nassau Veterans Memorial Coliseum Site on Long Island

Retrieved on:

Thursday, January 12, 2023

UNIONDALE, N.Y., Jan. 12, 2023 /PRNewswire/ -- With the recent release of the New York State Gaming Commission's Request for Application for three downstate New York gaming licenses, Las Vegas Sands (NYSE: LVS), the world's most valuable integrated resort company, today announced its intention to pursue the development of a multi-billion-dollar flagship hospitality, entertainment and casino project on Long Island, New York.

Key Points:

The company has entered into agreements to purchase the long-term lease of the site currently home to the Nassau Veterans Memorial Coliseum.
These transactions, which still require certain approvals, would grant the company control of up to 80 acres in Nassau County, New York.
"Long Island has always attracted entrepreneurial businesses, and in this case, it would be creating an entirely new industry for the region.
Through the company's well-established and industry-leading environmental sustainability program, Sands ECO360, the Long Island development would also utilize cutting-edge sustainable building and operating practices.

Churchill Downs Incorporated Completes Acquisition of Substantially All of the Assets of Peninsula Pacific Entertainment

Retrieved on:

Tuesday, November 1, 2022

LOUISVILLE, Ky., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CDI or the Company) (Nasdaq: CHDN) announced today the completion of the Companys purchase of substantially all of the assets of Peninsula Pacific Entertainment LLC (P2E) for total consideration of $2.75 billion (the P2E Acquisition).

Key Points:

LOUISVILLE, Ky., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CDI or the Company) (Nasdaq: CHDN) announced today the completion of the Companys purchase of substantially all of the assets of Peninsula Pacific Entertainment LLC (P2E) for total consideration of $2.75 billion (the P2E Acquisition).
Today marks a significant moment in the evolution of Churchill Downs Incorporated, said Bill Carstanjen, Chief Executive Officer of CDI.
We are excited to welcome the teams from each of these well-established properties into Churchill Downs Incorporated.
Colonial Downs Racetrack in New Kent, Virginia, as well as six Rosies Gaming Emporium (Rosies) historical horse racing facilities across Virginia.

PayNearMe Expands Footprint with Approval to Process Online Sports Betting Payments in Kansas

Retrieved on:

Thursday, September 1, 2022

PayNearMe received the Commissions approval in August of 2022, expanding its iGaming and online sports betting footprint to 20 states.

Key Points:

PayNearMe received the Commissions approval in August of 2022, expanding its iGaming and online sports betting footprint to 20 states.
Managing deposits and payouts is a complex process that requires technology designed specifically for the sports betting and iGaming industries.
PayNearMe is focused on quickly and efficiently gaining approval as new states legalize online sports betting and iGaming.
PayNearMe develops technology to facilitate the end-to-end customer payment experience, making it easy for businesses to manage and accept payments.

North America Fantasy Sports Market to 2027: Key Players Include DraftKings, Fan Duel, Yahoo Fantasy Sports, CBS Sports and ESPN - ResearchAndMarkets.com

Retrieved on:

Monday, April 18, 2022

According to Hootsuite Inc., as of January 2020, there were approximately 246.3 million mobile internet users in the United States.

Key Points:

According to Hootsuite Inc., as of January 2020, there were approximately 246.3 million mobile internet users in the United States.
The launch of various fantasy sports apps will be one of the significant factors driving fantasy sports market growth.
According to the Fantasy Sports Trade Association (FSTA), there were 59.3 million fantasy sports players in the United States in 2018.
The two most-prominent fantasy sports in the United States, where the majority of fantasy sports are played, are fantasy baseball and fantasy gridiron football.

Maryland Racing Commission Officially Suspends Bob Baffert, Making Trainer Ineligible for Preakness Stakes

Retrieved on:

Monday, April 11, 2022

Towson, Maryland, April 11, 2022 (GLOBE NEWSWIRE) -- Today, the Maryland Racing Commission responded to calls from the Center for a Humane Economy, Animal Wellness Action, and the Animal Wellness Foundation by suspending embattled horse trainer Bob Baffert in Maryland.

Key Points:

Towson, Maryland, April 11, 2022 (GLOBE NEWSWIRE) -- Today, the Maryland Racing Commission responded to calls from the Center for a Humane Economy, Animal Wellness Action, and the Animal Wellness Foundation by suspending embattled horse trainer Bob Baffert in Maryland.
The move bars Baffert from running horses in the upcoming 147th Preakness Stakes in Baltimore.
Baffert was recentlysuspendedfor 90 days by the Kentucky Horse Racing Commission, California Horse Racing Board, and the New York State Gaming Commission for drug violations in the 2021 Kentucky Derby with the late Medina Spirit.
The Maryland Racing Commission relies on its reciprocity, wrote J. Michael Hopkins, executive director at the Maryland Racing Commission.

New York's Online Sportsbooks Just Miss Record in March with $1.6 Billion in Wagers

Retrieved on:

Monday, April 11, 2022

Online, Golf, Football, NBA, Multimedia, Research, Caesar, DraftKings, Industry, NCAA tournament, FanDuel, New York State Gaming Commission, News, Sport, Baseball, Online gambling

LAS VEGAS, April 11, 2022 /PRNewswire/ -- New York's online sportsbooks fell just short in March of breaking the state's own U.S. record for monthly online wagering. In the end, the state's bettors took advantage of their first-ever opportunity to legally bet on the NCAA Tournament by pouring more than $1.6 billion in wagers into New York's online sportsbooks, according to analysts from PlayNY.com, which tracks developments in the New York gaming market.

Key Points:

New York's online sportsbooks accepted $1.64 billion in wagers in March, according to official data released Monday by the New York State Gaming Commission.
That is up 7.2% from the $1.53 billion wagered in February at New York's online sportsbooks, though shy of the U.S. record $1.67 billion in online wagers that the state's books accepted in January.
New York's online sportsbooks have now generated $151.7 million in tax revenue for the state.
Through the market's first three months, online sportsbooks have produced $320.8 million in gross revenue on $4.8 billion in wagers.

Resorts World New York Launches Resorts WorldBET

Retrieved on:

Thursday, March 3, 2022

Just in time for March Madness, Resorts WorldBET, Resorts World New York's safe and fast mobile sports betting app, is now live.

Key Points:

Just in time for March Madness, Resorts WorldBET, Resorts World New York's safe and fast mobile sports betting app, is now live.
Resorts WorldBET successfully accepted its first wager in New York today, marking a momentous introduction as an online betting brand and operator in the United States.
Resorts World Catskills (RWC) is also home to Sportsbook 360, one of the only sportsbooks in New York offering in-person sports wagering to its customers.
Resorts World New York City (RWNYC) is New York City's first and only casino-hotel, offering over 10 million guests annually an unparalleled gaming and entertainment experience and generating over $3 billion for the State's education system since opening in 2011.The opening of the Hyatt Regency JFK Airport at Resorts World New York gave visitors from around the world more ways to enjoy the ultimate play and stay experience.

Churchill Downs Incorporated Announces Definitive Agreement to Acquire Substantially All of the Assets of Peninsula Pacific Entertainment

Retrieved on:

Tuesday, February 22, 2022

LOUISVILLE, Ky., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CDI or the Company) (Nasdaq: CHDN) announced today that the Company has entered into a definitive purchase agreement to acquire substantially all of the assets of Peninsula Pacific Entertainment LLC (P2E) for total consideration of $2.485 billion (the P2E Transaction).

Key Points:

LOUISVILLE, Ky., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CDI or the Company) (Nasdaq: CHDN) announced today that the Company has entered into a definitive purchase agreement to acquire substantially all of the assets of Peninsula Pacific Entertainment LLC (P2E) for total consideration of $2.485 billion (the P2E Transaction).
CDI will acquire all of P2Es assets in Virginia and New York as well as the operations of its Sioux City casino property.
This unique set of assets expands our geographic footprint and provides additional scale, said Bill Carstanjen, Chief Executive Officer of CDI.
Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby.

PointsBet Online and Mobile Sports Betting Now Live in New York

Retrieved on:

Tuesday, January 25, 2022

"Launching in New York is a significant milestone for PointsBet, being one of nine approved online sports betting operators in the state," commented Johnny Aitken, PointsBet USA CEO.

Key Points:

"Launching in New York is a significant milestone for PointsBet, being one of nine approved online sports betting operators in the state," commented Johnny Aitken, PointsBet USA CEO.
"New York's passionate sports fans and bettors will now have access to the fastest online sports betting product in market, with a live, in-game betting experience that PointsBet controls through our proprietary technology and world-class team that is unrivalled."
The New York State Gaming Commission (NYSGC) recommended in November 2021 that PointsBet New York LLC be awarded a Platform Provider license to operate mobile sports wagering in the state.
New York mobile sports betting received legislative approval in April 2021 and went live in January 2022.