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Mississippi Leaders Propose Casino Project to Revitalize Jackson’s Economy

Jackson, Mississippi, is no stranger to economic challenges. As the fastest-shrinking city in the U.S., with a population loss of over 50 years, the state’s capital has seen better days. In an attempt to revitalize the area, a group of state lawmakers and business leaders have proposed the idea of building a casino in Downtown Jackson. The idea is drawing attention as a potential solution to the city’s economic woes.

A Bold Proposal to Boost Tourism and Job Creation

Earlier this month, members of the Capital Revitalization Committee gathered to hear a proposal from a group known as Capital City Forward Together, which includes notable figures such as former Governor Haley Barbour. The group, led by businessmen William Richardson, Richard McNeel, and Conrad Eber, believes that bringing a casino to Jackson could offer the city a much-needed economic jolt.

The group emphasized that they are not acting as lobbyists or promoting any specific casino companies. Instead, they describe themselves as businesspeople who see an opportunity to boost Jackson’s economy by attracting more visitors and creating jobs. Richardson, in particular, pointed out that the city is in desperate need of an attraction that could draw people in.

“We’ve got traffic, but how do we get people to stop, stay, and spend money?” said Richardson, speaking to lawmakers about the proposed plan.

Jackson’s Shrinking Population and Economic Struggles

According to the U.S. Census Bureau, Jackson’s population has steadily decreased over the last five decades. As of 2022, it holds the distinction of being the fastest-shrinking city in the nation with a population of at least 50,000 residents.

This demographic decline has significantly impacted the local economy, with businesses closing, downtown areas struggling, and an overall sense of economic stagnation. Despite this, Jackson still enjoys heavy traffic from passing commuters, which Richardson believes could be a boon for the proposed casino project.

The stretch of Interstate 55 between the Highway Patrol Curve and Fortification Street, which sees an average of 115,000 vehicles daily, could offer a steady stream of potential casino visitors. This stretch, as the busiest interstate section in Mississippi, connects Jackson to major routes including I-10 along the Gulf Coast and routes to Memphis. Richardson argued that with such heavy traffic, Jackson could convert passersby into casino guests, stimulating local spending and bolstering the local economy.

A Strong Potential Customer Base

The proposal also highlights the city’s geographic advantage. With roughly 7.8 million people over the age of 21 living within a 300-mile radius of Jackson, the casino could draw in an estimated four million visits per year, according to the group’s research. For a city in need of economic revitalization, this could mean millions of dollars in revenue.

By focusing on these potential visitors, the casino could serve as a tourist magnet, attracting not only gamblers but also people who may come for entertainment, dining, and other attractions that could expand the city’s local economy.

Site Selection and Regulatory Changes

According to the proposal, the ideal location for the casino would be within a mile of the State Capitol in Downtown Jackson. This area is central to the city and has seen little recent growth, especially in terms of attracting new businesses. By placing a casino in this prime spot, the city could see a much-needed revival in its downtown district.

However, for the plan to move forward, state lawmakers would need to amend existing Mississippi gaming laws. Currently, casinos are only allowed to operate in coastal areas or along the Mississippi River. The group proposed that Jackson’s casino be overseen by the Mississippi Gaming Commission, with a licensed operator already active in the state.

Richardson, who has experience working with the Choctaw tribe to develop a casino in Mississippi, also suggested that any operator developing the Jackson casino should be required to contribute $10 million annually to an “Impact Fund.” This fund would support further investments in the city’s infrastructure, local businesses, and community projects, helping to ensure that the benefits of the casino project reach beyond the immediate gaming industry.

Lessons from the Past: House Bill 1989

This isn’t the first time Jackson has seen a proposed casino plan. In 2023, the state House of Representatives introduced House Bill 1989, which would have allocated state aid for a $500 million casino development in Jackson. While the bill gained attention, it ultimately failed to pass during the legislative session.

Some see the new proposal as a second attempt to secure the state’s approval for such a project. However, the fate of the current plan remains uncertain.

Despite the hurdles, proponents of the Jackson casino argue that this is a chance for the city to recover economically and stop its population decline. “We need something to put us back on the map,” said Richardson. “A casino is not just about gambling—it’s about bringing in people, creating jobs, and revitalizing a city that’s lost its spark.”

December 20, 2024
Alpha Affiliates Launches Three-Part Festive Marathon with €100,000 Prize Pool
Alpha Affiliates has kicked off a holiday season marathon offering a massive prize pool of up to €100,000. With three exciting events running through December, players and affiliates are gearing up for what could be a lucrative end to the year. Whether you’re looking to boost your gameplay or ramp up your affiliate earnings, this festive event promises big rewards for those ready to engage.

Alpha Affiliates has launched its three-part festive marathon, bringing plenty of excitement to the holiday season. The marathon includes three separate events that promise both cash prizes and premium giveaways like MacBook Pros, iPhones, and more. Aimed at boosting player engagement and driving traffic, the initiative is perfectly timed to close out the year on a high note.

Lucky Christmas Tournament: The Thrill Starts Early

The first event in the marathon is already underway: the Lucky Christmas Tournament, which kicked off on December 16, 2024, and will continue through January 6, 2025. This tournament gives players a chance to engage in some festive fun while chasing down a piece of the €100,000 prize pool.

For the tournament, top players will be awarded prizes ranging from extra cash to free spins. But it’s not just about the cash; the grand prize includes some high-end gadgets that are sure to attract attention. Those who are serious about winning will need to keep up the momentum throughout the month. After all, the competition will be fierce.

Not only are the prizes great, but the festive atmosphere is making the event even more exciting. With Christmas spirit filling the air, players are encouraged to increase their activity in the tournament to improve their chances of winning. And given the size of the prize pool, it’s no wonder that the excitement is already building.

Event Dates: December 16, 2024 – January 6, 2025

Main Prizes: €100,000 prize pool, extra cash up to €700, free spins, and premium prizes

Gadget Prizes: MacBook Pro 16, iPhone 16 Pro Max, Apple Watch Ultra 2

The Christmas Lottery: A Festive Twist with Neospin

Next up is the Christmas Lottery in partnership with Neospin, running from December 20, 2024, to January 3, 2025. This event promises even more ways to win, featuring a lottery system where players can enter and take a shot at winning massive prizes.

The partnership with Neospin adds a unique twist to the traditional Christmas lottery. By combining festive excitement with a chance to win big, this event is sure to attract both new and returning players. It’s another opportunity to grab part of the €100,000 prize pool, and it gives affiliates another reason to get their traffic numbers up.

Players will be able to enter the lottery by participating in Neospin’s games, and every spin could bring them closer to snagging a prize. For affiliates, this event offers the chance to drive even more traffic to their sites with the promise of attractive rewards.

The Christmas Lottery is one more way to keep the holiday momentum going strong, both for players looking to win and for affiliates keen on increasing their revenue before the year ends.

X-Mas Promotion: Wrapping Up the Festivities

To cap off the festive marathon, Alpha Affiliates is running the X-Mas Promotion from December 24 to December 31, 2024. This final event will focus on delivering even more rewards just in time for the New Year. While details are still coming in, players can expect an array of prizes to keep the holiday fun going until the very last minute of the year.

In previous years, Alpha Affiliates has proven its ability to create high-energy events that keep players engaged. With this final promotion, the aim is to provide an explosive conclusion to a series of events that have kept excitement levels high throughout December.

For affiliates, the X-Mas Promotion serves as a great final push to close the year with strong traffic and revenue. Alpha Affiliates knows that players are more active than ever during the holidays, and the X-Mas Promotion is the perfect opportunity to take advantage of that.

The Big Prizes Up for Grabs

In addition to the €100,000 prize pool, players can look forward to a variety of fantastic prizes, making this festive marathon even more exciting. Some of the premium prizes up for grabs include:

MacBook Pro 16

iPhone 16 Pro Max

Apple Watch Ultra 2

These high-end gadgets are sure to motivate players to boost their activity and chase after those top spots. The addition of cash prizes up to €700 and free spins also ensures that everyone has a chance to win something.

Affiliates: The Perfect Chance to End the Year on a High

According to Vitaliy Anisin, CMO at Alpha Affiliates, the company is all about delivering results during the holiday season. He said, “We know how to deliver results during this magical, yet profitable season. Our campaign offers top-tier opportunities for players to secure big wins while equipping affiliates with the tools they need to close the year on a high note.”

For affiliates, this marathon is the perfect opportunity to maximize their earnings. With so many exciting events and prizes, affiliates are in a great position to attract more traffic and make the most of this busy holiday season. Whether you’re a seasoned affiliate or just getting started, there are plenty of opportunities to cash in on the festive energy and secure your share of the €100,000 prize pool.
December 20, 2024
Play’n GO Unveils New Pirate-Themed Slot “Jolly Roger Wild Kraken”
iGaming provider Play’n GO is back at it again, releasing the highly anticipated pirate-themed slot Jolly Roger Wild Kraken. The new game takes players on an exhilarating sea adventure where treasures await those bold enough to face the terrifying Kraken in its deep, dark lair.

Set against a backdrop of stormy seas and menacing waters, Jolly Roger Wild Kraken is a thrilling 5-reel slot with cascading symbols and exciting bonus features. As players set sail in search of riches, they will experience the wild fury of the Kraken and the heart-pounding tension of battling a legendary sea monster.

A Pirate’s Quest for Treasure

At the heart of this new release is the ever-popular Captain Red Roger. Fans of Jolly Roger 2 and Sea Hunter will be familiar with this daring pirate, who is now embarking on a new quest. His mission? To uncover treasures hidden in the treacherous Kraken Deeps, a mysterious archipelago where danger lurks beneath the waves.

With the Kraken guarding the waters, players must navigate through perilous waters in hopes of discovering rich rewards. The stakes are high, as the Kraken’s monstrous presence is felt in every spin, adding a sense of excitement and suspense to the game.

Immersive Features and Cascading Reels

Jolly Roger Wild Kraken stands out with its cascading reels, which bring extra excitement with every spin. Instead of traditional static symbols, the game allows symbols to fall into place, triggering new opportunities with each win. This dynamic feature adds a layer of unpredictability to the game, making each round feel fresh and thrilling.

In addition to cascading symbols, players can unlock various exciting features throughout their journey. One of the standout features is the Instant Treasure win, which can add immediate payouts. There’s also the Cannon Free Spins bonus round, where players get to fire at the Kraken and potentially unlock massive multipliers of up to x100. For those lucky enough, the Super Cannon Free Spins round provides even more chances to win big with additional features and multipliers.

Cascading reels for added excitement

Instant Treasure wins for quick payouts

Cannon Free Spins and Super Cannon Free Spins rounds

Kraken Wilds that offer chances to trigger multipliers up to x100

Stunning visuals that bring the high-seas adventure to life

A Stunning Visual Experience

Play’n GO has once again delivered top-notch artwork to accompany the game’s immersive theme. From the fierce Kraken with its thrashing tentacles to the intricate nautical symbols, every detail in the game is designed to create a sense of realism and adventure.

The visual experience is rich with vibrant colours and dynamic animations, making each spin feel like a journey into the unknown. The Kraken itself adds a thrilling, monstrous presence, while the symbols, which include pirate ships, treasure maps, and cannonballs, add to the overall excitement of the game.

The game’s soundtrack, complete with dramatic ocean sounds and ominous music, further enhances the tension, allowing players to feel fully immersed in their high-seas adventure.

Play’n GO Promises Exciting Rewards

The game’s developer, Play’n GO, has made it clear that Jolly Roger Wild Kraken is designed to provide an exciting and rewarding experience. With multipliers as high as x100 and the opportunity to trigger bonus features with every spin, the game promises both entertainment and the potential for epic payouts.

George Olekszy, Head of Game Retention at Play’n GO, expressed his excitement about the game, saying, “We wanted to capture the heart-pounding excitement of battling a legendary sea beast, and Jolly Roger Wild Kraken delivers that and more. The cascading reels, thrilling features, and dynamic Kraken Wilds create a truly immersive adventure. We can’t wait for players to set sail with Red Roger and take on the Kraken for some truly epic rewards.”

Will You Conquer the Kraken?

With Jolly Roger Wild Kraken, Play’n GO has once again proven its mastery in creating thrilling slot experiences. The combination of cascading symbols, bonus features, and the ever-present danger of the Kraken offers players a unique and immersive adventure. Whether you’re a fan of pirate themes or just love high-stakes action, Jolly Roger Wild Kraken has something to offer everyone.

Set sail, brace yourself for the Kraken, and see if you have what it takes to claim the treasures hidden beneath the waves!
December 20, 2024
Dutch Gambling Authority Imposes €840,000 Penalty on Freebitco.in Operator for Illegal Gaming

The Dutch Gambling Authority (Kansspelautoriteit, KSA) has levied a substantial penalty on the operator of Freebitco.in, FBC B.V., for offering illegal gambling services to Dutch residents. The fine, which could reach up to €840,000 ($871,364), stems from the operator’s failure to comply with local gaming regulations.

In a move that highlights the Dutch government’s commitment to consumer protection in the gambling sector, the KSA took enforcement action after uncovering that players in the Netherlands could access the site, create accounts, deposit funds, and play games of chance without the necessary local license. This breach of Dutch gambling laws has now led to significant financial repercussions for the operator.

Freebitco.in’s Breach of Dutch Gambling Laws

Freebitco.in, a platform that claims to have over 54 million global users, has been under scrutiny for offering unlicensed gambling services in the Netherlands. Despite multiple warnings from the KSA, the website remained accessible to Dutch users. The games offered included hi-lo jackpots and lotteries, which were primarily played using Bitcoin.

The KSA’s investigation revealed that these activities were in direct violation of Dutch gambling laws, which require operators to hold a valid local license to ensure that gambling activities are fair, transparent, and protective of consumer interests. The regulatory body’s primary concern is the lack of adequate safeguards for Dutch players, as Freebitco.in was not subject to the oversight of local authorities.

The penalty was first announced on November 15, with FBC B.V. being granted a four-week period to stop operating in the Netherlands. This period expired on December 13, but as of that date, the website remained accessible to users in the country, leading to the imposition of further penalties.

Repeated Warnings and Compliance Failures

Throughout 2024, the KSA conducted several investigations into Freebitco.in, confirming that Dutch players could still access the platform despite earlier claims that the site had blocked users from the Netherlands. In August, FBC stated that they had taken action to restrict access to Dutch users, but technical issues reportedly delayed the implementation of the block.

By September, Freebitco.in requested an extension to comply with the regulations, citing internal disagreements and further technical difficulties. However, no corrective measures were taken, and by November, the KSA confirmed that the site was still operational for Dutch players.

The regulator has since labelled the ongoing offering of illegal gambling services as a “very serious” violation of Dutch law. The KSA has emphasized that the country’s gambling market is heavily regulated to protect players, and illegal offerings undermine this system.

Financial Penalties and Future Consequences

FBC B.V. now faces a substantial financial penalty for its continued non-compliance with Dutch regulations. Initially, the operator was given a €840,000 penalty, which could increase by €280,000 per week if Freebitco.in does not cease operations in the Netherlands. The site’s ongoing violation could lead to even more significant fines if corrective measures are not implemented swiftly.

This case serves as a stark reminder of the Dutch government’s commitment to curbing illegal gambling activity. The KSA has made it clear that it will continue to take a firm stance against unlicensed operators to ensure that the gambling market remains safe and secure for players.

The operator’s refusal to take corrective action has left them with little option but to comply or face severe financial consequences. While Freebitco.in’s future in the Netherlands looks uncertain, the case signals to other operators the importance of adhering to local regulations to avoid costly penalties and reputational damage.

December 20, 2024
Hyatt Expands Loyalty Program with The Venetian Resort Las Vegas Partnership

Hyatt Hotels Corp. has announced a significant expansion to its World of Hyatt loyalty program, with The Venetian Resort Las Vegas becoming the latest addition to the portfolio. This long-term licensing agreement will see the iconic Las Vegas property available for booking through Hyatt’s channels, including Hyatt.com and the World of Hyatt app, offering a new level of convenience and rewards to Hyatt’s loyal guests.

The partnership is set to launch soon and will allow World of Hyatt members, as well as eligible event planners, to earn and redeem loyalty points on qualifying stays at The Venetian Resort. Additionally, members will receive credit toward the prestigious Brand Explorer Award, and elite members will enjoy a host of exclusive on-property benefits, which will further enhance their Las Vegas experience.

A Strategic Move in Las Vegas’ Competitive Hotel Market

Hyatt’s decision to add The Venetian Resort to its portfolio comes at a time when the demand for travel and booking remains high, especially in key markets like Las Vegas. With this new partnership, Hyatt aims to tap into the vibrant travel demand from both leisure and corporate travelers who frequent the Strip.

Mark Vondrasek, Chief Commercial Officer of Hyatt, acknowledged the importance of the addition, stating, “Las Vegas is a perennial favorite for World of Hyatt members, and our group business customers are requesting rooms at a higher volume than pre-pandemic due to the world-class entertainment and unique experiences offered by this dynamic destination.”

By adding The Venetian Resort’s 7,000 rooms and an impressive 2.25 million square feet of meeting space to its offerings, Hyatt is making strides to cater to both leisure guests and corporate clients who regularly visit the entertainment capital. The Venetian Resort’s unique offerings, including its Venice-inspired canals and gondola rides, will undoubtedly be a big draw for those seeking a luxurious experience on the Las Vegas Strip.

What Does the New Partnership Mean for World of Hyatt Members?

For World of Hyatt members, this new partnership opens up exciting opportunities to further engage with the brand’s loyalty program. Members will now be able to book stays at The Venetian Resort and earn loyalty points, just like they would at any other participating Hyatt property. With the addition of this flagship resort, Hyatt is expanding its reach and strengthening its position in one of the world’s most popular and competitive hotel markets.

This licensing agreement also brings additional benefits for those in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector. The Venetian Resort is known for its expansive event and convention spaces, which will now be available to World of Hyatt members who wish to book corporate events and meetings at the property. This expansion is likely to attract even more groups looking to book large events in Las Vegas, where the availability of high-quality, large-scale venues is crucial.

While Hyatt members will gain more ways to earn and redeem points, elite members of World of Hyatt will enjoy even more perks, such as special privileges and enhancements to their stay. These perks will only enhance the Venetian Resort’s status as a top luxury destination.

The Venetian Resort: A Las Vegas Icon

The Venetian Resort, which boasts two luxury hotels—The Venetian and The Palazzo—is renowned for its Venetian-inspired themes, including its signature canals and gondola rides. It is the only all-suite resort on the Las Vegas Strip, offering guests a truly distinctive stay. The resort recently underwent a significant $1.5 billion reinvestment to reimagine its suites, many of which are now inspired by the ornate costumes of the Venetian Carnival.

Patrick Nichols, President and CEO of The Venetian Resort Las Vegas, shared his enthusiasm for the new partnership: “Our legendary resort continues to lead the way on the Strip, setting the benchmark for innovation, luxury, and unforgettable guest experiences. As we embrace a new era for The Venetian Resort, this relationship enables us to expand our reach and connect with new audiences.”

This reimagining of the suites and other enhancements solidify The Venetian Resort’s reputation as one of the premier luxury destinations on the Strip. By aligning with Hyatt’s World of Hyatt program, The Venetian will appeal to an even broader base of travelers who value both luxury and the benefits of loyalty rewards.

A Forward-Looking Partnership for the Future

Looking ahead, this partnership will continue to evolve as both Hyatt and The Venetian Resort explore new ways to enhance the customer experience. The two brands are already planning to offer future benefits for Venetian Rewards members within the World of Hyatt program. This inclusion of elite Venetian Rewards members into the World of Hyatt ecosystem marks another step in broadening Hyatt’s reach and adding value for its loyalty members.

Furthermore, the companies are working to complement each other’s strengths in the MICE space. Hyatt’s extensive global network of meeting and event spaces combined with The Venetian Resort’s iconic location and large-scale venues positions both brands to offer superior service to business and corporate clients, further boosting their appeal.

The synergy between the two hospitality powerhouses is clear. As both companies look toward the future, this partnership offers exciting possibilities, including more opportunities for World of Hyatt members to explore Las Vegas, take advantage of loyalty rewards, and access some of the most impressive event spaces in the world.

December 20, 2024
Google Enforces Stricter Gambling Advertising Policies in Brazil
Google has made a significant shift in its sports betting and online gaming advertising rules in Brazil, now excluding unlicensed operators from using its platform. This new policy aims to ensure compliance with the country’s government regulations ahead of Brazil’s officially regulated gambling market launch in 2025.

As of January 1, 2025, Google will only permit advertisements from operators that have been granted a valid license by Brazil’s Ministry of Finance (MF). The policy update, announced this Tuesday, is part of the tech giant’s effort to align its advertising practices with the regulations set by the Secretariat of Prizes and Betting (SPA), which governs the country’s online gambling sector.

New Guidelines Target Unregulated Gambling Operators

The updated rules clearly state that, as of 2025, operators wishing to run ads for online sports betting or fixed-odds games must possess a valid license from Brazil’s Ministry of Finance. Without this certification, which ensures compliance with local regulations, companies will lose their ability to advertise through Google.

“If you were previously approved based on a pending license, you will need to submit your definitive license now,” the updated policy reads. “If you do not have a valid license from the Brazilian Ministry of Finance, you must stop advertising with us as of January 1, 2025, and your certification will be revoked in January.”

Google’s decision follows Brazil’s plan to launch a fully regulated gambling market in 2025. The country’s government has worked towards setting clear frameworks for online gambling, and Google is aligning with these efforts by ensuring only licensed operators are allowed to promote their services in the country.

Compliance with Brazil’s Regulatory Framework

The new policy is directly in line with the goals of the SPA, which seeks to limit advertising to only those companies that have been authorized by the Brazilian government. As of the new year, Brazil’s gambling market will officially be regulated, and all operators must adhere to a licensing system set out by the Ministry of Finance. This means any gambling companies still operating without proper certification will face immediate restrictions on their advertising activities.

Google’s updated policy enforces the idea that compliance isn’t just about having a license but also about how those licenses are verified. In addition to holding a valid license from the Ministry of Finance, operators will need to go through a process of registration on Google’s platform to obtain a valid certification. This process further ensures that only certified operators can advertise their products within Brazil’s borders.

The tech giant’s new measures are designed to help create a safer and more transparent environment for sports betting and online gaming. By limiting ads to only regulated operators, Google aims to protect Brazilian consumers from potentially fraudulent or unlicensed gambling platforms.

What This Means for Online Gambling Advertisers

For online gambling operators currently advertising in Brazil, these new rules present a significant shift in how they can promote their services. Starting in 2025, only those with proper government-issued licenses will have the right to appear in Google’s advertisements. This change will likely prompt operators to expedite their efforts to obtain and finalize their licenses to avoid losing advertising access.

Here are some key points for operators to keep in mind:

Valid License Required: Only operators with a Ministry of Finance-issued license can advertise.

Registration with Google: In addition to a government license, operators must register on Google’s platform for certification.

Deadline: All advertisements for sports betting or online gaming in Brazil must be from licensed operators by January 1, 2025.

Revocation of Certification: Operators without a valid license will lose their advertising privileges starting January 1, 2025.

Google’s move also indicates a broader trend of tech companies increasing their scrutiny of online gambling ads, particularly in regions where gambling laws are becoming more regulated.

Brazil’s Gambling Market Poised for Change

Brazil is on the brink of major changes to its gambling landscape. The country’s government has been working on legislation to regulate online sports betting and gambling for several years. In December 2018, Brazil’s government passed a law that legalized sports betting. However, it wasn’t until recent years that the government began formalizing the structure of the market, including creating regulations for licensing operators.

The shift to a regulated market is expected to bring greater transparency and accountability to Brazil’s gambling sector. By restricting advertisements to licensed operators, the government hopes to prevent unregulated operators from gaining a foothold in the country, which could potentially lead to consumer protection issues.

Google’s latest move aligns with these regulatory efforts, ensuring that only those companies that meet Brazil’s legal requirements can advertise their services. As the market officially launches in 2025, these new regulations will likely set a precedent for other tech companies operating in the country, pushing the online gambling sector towards greater transparency and trustworthiness.
December 20, 2024
Cyprus Lawmakers Approve Bill to Increase Levy on Sportsbook Winnings to Aid Football Clubs

Cyprus has taken a significant step to boost the funding of local football clubs, passing a bill to raise the levy on sportsbook winnings. The new legislation will increase the tax on net earnings from licensed betting operators, with the goal of supporting professional football and youth academies.

The increase, which moves the betting tax from 3% to 4.5%, is expected to generate millions of euros that will be allocated to the Cyprus Sports Organisation (CSO). The CSO will funnel these funds directly to the Cyprus Football Association (CFA), which will distribute the financial aid to 97 local football clubs and their academies across the country.

While this move has been celebrated as a much-needed boost for the sport, it has also sparked considerable debate. Critics argue that it doesn’t address the pressing issue of football clubs’ growing tax debts, with the country’s clubs currently owing €35.6 million ($37.3 million). The additional revenue raised by the new levy is intended to help clear some of this debt, but opponents question whether it will be enough to solve the long-standing financial troubles of the clubs.

The Debate Over the New Levy

The bill passed with broad support from the Ethnikó Laikó Métopo (ELAM), Dimokratikós Sinagermós (DISY), and Dimokratikós Kómma (DIKO) parties, with 27 votes in favor. However, 25 lawmakers voted against the measure, raising concerns over its impact on competition between clubs and its compliance with European subsidy regulations.

The increased levy will apply to both land-based and online sportsbooks, which have become an increasingly important revenue source for Cyprus. In 2024, betting revenues are expected to reach €150 million ($157.4 million), with the government set to receive €15 million ($15.7 million) from the tax, while sports federations will receive €2 million ($2.09 million).

The key argument in favour of the new bill is that the additional funds will be channelled into the development of football in Cyprus, particularly youth football. By allocating money to the CFA, the government hopes to strengthen local clubs, provide better training facilities, and improve the overall standard of the sport. This could benefit future generations of players, ensuring that Cypriot football remains competitive on the international stage.

However, the new bill has faced strong opposition from critics who argue that it doesn’t go far enough in tackling the debt crisis within the football industry. Independent MP Alexandra Attalidou has been vocal about her concerns, arguing that the new levy could breach European competition rules. She also questioned whether it was fair to reward football clubs that had failed to comply with the state’s debt repayment schemes.

Tax Debts and Responsibility

One of the most contentious aspects of the new bill is its failure to address the substantial tax debts that local football clubs currently owe. The €35.6 million ($37.3 million) in accumulated debt is a significant burden on the clubs, and critics argue that it undermines the spirit of the new legislation. These clubs have been given until June 2037 to settle their debts, but some are struggling to meet their obligations.

DISY MP Haris Georgiades pointed out that a large portion of betting activity in Cyprus revolves around foreign football leagues, rather than local competitions. He emphasized that all clubs should be held accountable for their financial obligations, noting that AEK Larnaca is a prime example of responsible management, as the club has no outstanding tax debt.

This point was echoed by Stefanos Stefanou, the General Secretary of AKEL, who highlighted that five clubs have failed to make any payments under the latest repayment scheme. He warned that these clubs are creating a “bubble” that will inevitably burst, potentially threatening the stability of the entire sector.

The Future of Betting in Cyprus

With the new bill in place, the landscape of sports betting in Cyprus is expected to change. The increased levy will provide a much-needed injection of funds into the football sector, but whether it will be enough to address the broader financial challenges facing Cypriot football remains to be seen. For now, the focus remains on whether the new funds will lead to significant improvements in the standard of the sport and whether clubs will finally start to meet their tax obligations.

As the country’s betting revenues continue to rise, lawmakers and stakeholders will need to carefully monitor the situation to ensure that the new funding structure truly benefits local clubs and helps to alleviate the burden of unpaid taxes.

December 19, 2024
US Sports Betting Faces Federal Scrutiny in Senate Judiciary Committee’s First Hearing

The U.S. Senate Committee on the Judiciary kicked off its first-ever congressional hearing on sports betting on Tuesday, sparking federal scrutiny into the booming industry. The hearing, aptly titled “America’s High-Stakes Bet on Legalized Sports Gambling,” dives deep into the rapid expansion of sports betting across the United States since the Supreme Court’s landmark 2018 decision. The ruling struck down the Professional and Amateur Sports Protection Act (PASPA), which previously limited legal sports wagering to just Nevada.

Since that ruling, the sports betting landscape has exploded, with 39 states now offering legal sports gambling. The hearing brings into focus the potential consequences of this growth, especially as sports betting becomes increasingly accessible through online platforms.

Senator Dick Durbin, Chair of the Senate Judiciary Committee, emphasized the importance of congressional oversight in ensuring that the industry is regulated in a way that addresses its many challenges, including problem gambling and college athlete harassment. “It’s critical that Congress looks into sports betting’s impact on America and determine how the industry should be regulated moving forward,” Durbin said in his opening remarks.

The Rapid Growth of Legal Sports Betting

In 2018, Nevada stood alone as the sole state with legalized sports betting. Fast forward to 2024, and sports betting is now available in 39 states, with more likely to follow. As legal sports betting spreads, so too does the need for federal regulation and oversight. Senators have raised concerns about the potential for increased problem gambling, particularly among younger demographics, as the industry becomes more accessible via smartphones and other digital platforms.

Senator Durbin highlighted the role of mobile sports betting, noting that individuals with gambling problems now have 24/7 access to betting, leading to the possibility of severe financial consequences. “A person with a gambling problem can chase the action at the click of a button and rack up ever-increasing losses—whether on an NFL game or professional table tennis,” Durbin remarked, underscoring the dangers of constant access to betting markets.

The Committee is now calling on both state and federal officials to carefully assess the impact of this expanded access. In his speech, Durbin stressed that the federal government must step up to address these concerns, placing pressure on the sports betting industry to adopt stronger safeguards against gambling addiction.

The Witnesses Weigh In

The hearing featured testimony from five key witnesses, each offering unique perspectives on the state of sports betting in the U.S. The panel included Charlie Baker, the NCAA president; David Rebuck, former director of the New Jersey Division of Gaming Enforcement; Harry Levant, director of gambling policy at the Public Health Advocacy Institute; NFLPA representative Johnson Bademosi; and Keith Whyte, executive director of the National Council on Problem Gambling (NCPG).

Each of these witnesses discussed a range of issues, from the potential dangers of gambling on college sports to the rise in betting-related advertisements.

Baker, in particular, advocated for a nationwide ban on prop bets for college athletes, citing concerns about the integrity of college sports. “The risks to student-athletes are too great,” he explained, referencing numerous incidents where betting scandals have raised questions about the fairness of games.

Meanwhile, NFLPA representative Bademosi discussed the broader impact of sports betting on athletes, emphasizing the potential harm to both players and fans. He also joined others in calling for the banning of wagers on negative outcomes, such as injuries or player performance.

Keith Whyte, representing the NCPG, raised alarm about three growing trends in the industry: the increase in gambling advertising, the rise of technology that makes gambling more accessible, and the expansion of betting markets. “These trends are a recipe for disaster,” he warned, stressing that they could lead to a sharp uptick in problem gambling across the nation.

A Disagreement on Federal vs. State Regulation

While the committee discussed the role of federal oversight, a key point of contention emerged between witnesses on whether federal or state-level regulation was more appropriate. Rebuck, drawing from his experience as a state regulator, argued that states and tribes are better positioned to handle sports betting regulation. “State-level regulation works,” he said, citing New Jersey’s success in managing its sports betting market.

On the other hand, Senator Thom Tillis of North Carolina voiced support for creating a federal task force to establish industry-wide guardrails, citing the rapid expansion of sports betting and the need for uniform oversight. While the debate continues, it’s clear that any potential federal regulation would need to strike a balance between federal oversight and the flexibility afforded to states.

A Look at the SAFE Bet Act

Senator Richard Blumenthal of Connecticut co-authored the Supporting Affordability and Fairness with Every Bet Act, or SAFE Bet Act, which aims to curb the negative impacts of sports betting. During the hearing, Blumenthal asked the panel whether they supported the proposal.

Bademosi and Levant voiced their support for the bill, citing its potential to protect vulnerable populations from the dangers of gambling addiction. However, Baker expressed cautious support, stating that while some aspects of the bill are worth considering, the full scope remains unclear.

Meanwhile, Whyte took a more neutral stance on the bill, noting that the NCPG refrains from taking a position on proposed legislation that suggests a temporary prohibition on betting. Rebuck, however, outright rejected the bill, arguing that it undermines the ability of states to regulate their own gaming markets effectively.

The Absence of Industry Representation

One notable aspect of Tuesday’s hearing was the absence of direct industry representation, which the American Gaming Association (AGA) quickly pointed out. The trade group issued a statement after the hearing, criticizing the omission as a missed opportunity to hear firsthand how the legal gaming industry is working to protect consumers from illegal markets and promote responsible gambling practices.

The AGA has long been a vocal advocate for state-led regulation of sports betting, stressing that strong regulatory frameworks can help protect consumers, ensure fairness, and safeguard the integrity of sporting events. The absence of industry representatives left the Committee’s discussion somewhat lopsided, failing to provide a clear picture of how operators themselves are addressing growing concerns about gambling addiction and market integrity.

December 19, 2024
GLPI Finalises Acquisition of Bally’s Kansas City and Shreveport Casino Properties for $395 Million

Gaming and Leisure Properties (GLPI) has successfully closed the acquisition of the land and real estate assets of Bally’s Kansas City Casino and Bally’s Shreveport Casino & Hotel from Bally’s Corporation. The deal, valued at $395 million, is part of a sale-leaseback transaction announced earlier this year.

The transaction, which includes $388 million in cash and $7 million in limited partnership (LP) units, also covers a $56 million reimbursement for prior capital expenditures made at both properties. The balance is considered gross sale proceeds.

Bally’s Corporation intends to use the funds to reduce its $350 million debt drawn from a $620 million revolving credit facility. The remaining funds from the deal will be allocated to capital expenditures and other corporate needs.

GLPI’s Growing Regional Gaming Portfolio

Peter Carlino, Chairman and CEO of GLPI, expressed his satisfaction with the completion of the acquisition. “We are pleased to announce the completion of our sale-leaseback transactions for Bally’s properties in Kansas City and Shreveport, which we expect will be accretive to our financial results,” he said.

He added, “This transaction was executed at an attractive cap rate and expands our partnership with Bally’s, while strengthening our portfolio, which has now grown to include 67 high-quality regional gaming assets.”

GLPI’s acquisition represents a significant expansion of its real estate portfolio, particularly in the regional gaming sector. The properties in Kansas City and Shreveport are notable additions to the company’s holdings.

Bally’s Kansas City Casino: A Renovated Gem

Bally’s Kansas City Casino, located along the Missouri River in Kansas City, Missouri, is one of the newly acquired assets. The property has recently undergone a $70 million renovation and expansion. It features a sprawling 42,000-square-foot casino floor with over 900 slot machines, 24 table games, and more than 50 video poker and keno terminals. Additionally, the venue offers a range of amenities, including three restaurants, a full-service bar, nearly 3,000 square feet of event space, and several entertainment lounges. One of the standout dining options is Chickie’s & Pete’s sports bar, which is well-known for its award-winning menu and lively atmosphere.

Bally’s Shreveport: A Premium Experience

Bally’s Shreveport Casino & Hotel, located in downtown Shreveport, Louisiana, sits along the Red River. This property features a 30,000-square-foot casino with more than 950 slot machines and over 50 table games. It also includes a poker room and a Bally Bet Sportsbook, offering a comprehensive gambling experience for patrons. The hotel itself boasts 400 rooms, a full-service spa, and three on-site restaurants, including an award-winning steakhouse and noodle bar.

The casino also has expansive event spaces, live entertainment offerings, and two on-site nightclubs, making it a popular entertainment destination for locals and visitors alike.

Financial Impact and Future Expectations

This strategic acquisition marks another milestone in GLPI’s long-term growth plans, particularly in the regional gaming sector. The company’s diversified portfolio now includes a wide variety of assets, reinforcing its standing as a prominent player in the real estate investment trust (REIT) sector.

Peter Carlino’s comments indicate that GLPI expects the deal to be financially beneficial. With these assets now in their possession, the company anticipates stronger performance, largely driven by the profitable nature of the properties and their recent renovations.

Bally’s Use of Proceeds

For Bally’s, the sale leaseback arrangement serves as a means to strengthen its balance sheet. The company will use the proceeds to pay down a substantial portion of its outstanding debt. This aligns with Bally’s ongoing efforts to optimise its capital structure and invest in future growth opportunities.

The $350 million debt repayment will significantly reduce Bally’s financial obligations, while the remaining funds will support the company’s capital expenditure plans and corporate functions. The company’s strategy appears to be focused on maintaining financial flexibility while continuing to grow its operations.

December 19, 2024
TIPSPORT Partners with END 2 END to Launch First Online Bingo in the Czech Republic

The Czech Republic’s gaming landscape has taken a significant leap forward as TIPSPORT, through its subsidiary Loterie Maxa, teams up with Multiplayer Bingo solutions provider END 2 END. Together, they have introduced the country’s first-ever Online Bingo, allowing players to enjoy a fully immersive and interactive experience from the comfort of their homes.

Loterie Maxa, previously known as Loterie Korunka, has long been a staple in the Czech gaming scene, and this partnership with END 2 END marks a major milestone in the evolution of online gaming in the region. The new venture follows a rigorous approval process, which included the development of an innovative “Claim Your Prize” feature. This function allows players to claim their winnings in the same way they would in physical bingo halls, thus ensuring a seamless transition from traditional to online play.

The introduction of Online Bingo has been met with excitement, with players now able to enjoy traditional 90-ball and 75-ball bingo on various devices, including desktops, tablets, and mobile phones. END 2 END’s multiplayer solutions provide players with the ability to interact with fellow participants in real time, effectively recreating the atmosphere of a bingo hall. This move is set to transform the Czech online gaming market and enhance the overall gaming experience.

Overcoming Regulatory Challenges

The journey to launching the first online bingo in the Czech Republic wasn’t without its challenges. Pablo Bonifacich, Business Development Manager at END 2 END, explained the hurdles faced during the regulatory approval process. “It was not easy, as the Regulator had a different perception of the rules of the game for online. Our technical team solved it in a short period of time, and today we can say that we are launching the first Online Bingo in this market.”

Navigating the complexities of regulatory approval has been a delicate process, with various aspects of online gaming needing to be adapted to fit the country’s legal framework. However, thanks to END 2 END’s expertise and their strong collaboration with Loterie Maxa, these challenges have been swiftly addressed, paving the way for the launch of this highly anticipated product.

The development of the “Claim Your Prize” function, which mirrors the experience of claiming a prize in a physical bingo hall, highlights the efforts made to maintain the integrity of the traditional bingo experience while integrating it into the online world. This thoughtful adaptation ensures that players retain the excitement and thrill of live bingo events, even when playing remotely.

A Vision for the Future of Online Bingo

The strategic partnership between TIPSPORT and END 2 END is not just about launching a new product; it’s about shaping the future of online gaming in the Czech Republic. Filip Bocek, CEO of Loterie Maxa, shared his excitement about the project’s success and its broader implications for the gaming community. “I am honored to introduce the very first Online Bingo experience to the Czech market, made possible through our close collaboration with END 2 END. By combining the familiarity and excitement of traditional 90-ball and 75-ball bingo with the convenience of online accessibility, we are creating an environment where players can interact, compete, and celebrate wins just as they would in a physical hall.”

For Loterie Maxa, this initiative aligns perfectly with their mission to offer innovative, community-driven gaming options. The goal is not only to provide entertainment but also to foster a sense of belonging and connection among players, even in the virtual space. By introducing multiplayer solutions, the company hopes to bring people together, building a community around the game of bingo that transcends geographical boundaries.

The CEO also emphasized how the launch of Online Bingo complements the company’s long-term vision. “The launch of Online Bingo aligns perfectly with our vision to deliver entertaining, community-driven gaming options that set new standards of engagement and enjoyment.”

The Impact on the Czech Market

Online Bingo is a natural extension of the growing digital transformation within the Czech Republic’s gaming industry. As online platforms become increasingly popular for their accessibility and convenience, the demand for innovative gaming solutions has never been higher. The launch of Online Bingo provides a fresh opportunity for players to experience the thrills of bingo without needing to visit a physical venue.

What sets this offering apart is the focus on interaction. In traditional bingo halls, players are accustomed to socializing and engaging with fellow participants. By incorporating multiplayer technology, END 2 END ensures that this social element remains intact in the digital space. Players can chat, interact, and celebrate their wins together, creating a more immersive and exciting experience.

As the online gaming industry continues to grow, this development signals a broader shift in how Czech players will experience their favorite games in the future. With more games expected to follow suit, the industry is poised for further expansion.

The Future of Online Bingo in Czech Gaming

Looking ahead, the partnership between TIPSPORT and END 2 END sets the stage for future growth in the online bingo sector. By combining cutting-edge technology with a deep understanding of player preferences, the companies are creating a platform that will continue to evolve alongside the changing needs of the market.

With the success of this launch, we can expect to see other online gaming platforms taking note and possibly following in Loterie Maxa’s footsteps. As more companies embrace the potential of online bingo and multiplayer features, the Czech Republic’s gaming scene will likely see an influx of innovative and engaging options for players.

December 19, 2024