{"id":607,"date":"2020-02-10T18:28:46","date_gmt":"2020-02-10T18:28:46","guid":{"rendered":"https:\/\/www.casinosites.us\/news\/?p=607"},"modified":"2020-09-04T15:05:04","modified_gmt":"2020-09-04T15:05:04","slug":"igaming-news-las-vegas-brands-rocked-by-coronavirus","status":"publish","type":"post","link":"https:\/\/www.casinosites.us\/news\/igaming-news-las-vegas-brands-rocked-by-coronavirus\/","title":{"rendered":"iGaming News: Las Vegas Brands Rocked by Coronavirus"},"content":{"rendered":"\n<p>Online gambling in the United States wasn\u2019t necessarily the focus of\nlast week\u2019s news, but there were a number of important developments that have\naffected the industry. Sports betting was once again in an uptick marking a\nnumber of high-profile partnerships and a few overseas developments that have\nhad a bearing on the gambling market at home.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"las-vegas-casino-brands-rocked-by-coronavirus\">Las Vegas Casino Brands Rocked by Coronavirus <\/h2>\n\n\n\n<p>Last week, Macau\u2019s authorities issued a 14-day shutdown of all casino operations\nin the special administrative region. The ban could be further extended\ndepending on the situation with coronavirus, the new deadly infection that\noriginated in Wuhan Province, China and has since infected 40,628 people and\ncaused over 910 as of the time of reporting.<\/p>\n\n\n\n<p>International casino brands, and <strong>MGM Resorts Ltd.<\/strong> and <strong>Las\nVegas Sands Corp.<\/strong> in particular, have been buffeted by the shutdown, losing\nall revenue from their Asian operations in Macau. On February 4, stock for MGM\nResorts Ltd. fell by 3.45% and Las Vegas Sands lost 3.84%. <\/p>\n\n\n\n<p>Casinos have also been <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-02-07\/casinos-lose-millions-and-ditch-deals-as-virus-shuts-down-macau\">re-focusing their investment efforts<\/a> as revenue has continued to fall across\nthe board because of the outbreak.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"penn-national-gaming-signs-a-landmark-partnership-with-nascar\">Penn National Gaming Signs a Landmark Partnership with NASCAR<\/h2>\n\n\n\n<p><strong>Penn National Gaming<\/strong>, one of the largest casino operators in the U.S., has\nsigned a new partnership with the <strong>NASCAR Cup Series<\/strong>, which will offer\nPenn National visitors to join in a jackpot game for every race and claim a\n$50,000 prize pool. <\/p>\n\n\n\n<p>The companies are also working on an app that will release on time for <strong>Daytona\n500<\/strong>, the most venerated of races in the Cup Series which, interestingly, is\nscheduled for the beginning of the season, and kicks off on <strong>February 16<\/strong>.\n<\/p>\n\n\n\n<p>For its part, Penn National will make sure to promote the NASCAR\nfranchise across the majority of its digital and land-based channels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"big-year-for-sports-betting-in-the-united-states\">Big Year for Sports Betting in the United States<\/h2>\n\n\n\n<p>The casino industry saw a particular increase in sports handle in 2019,\nas that was the first full-year since sports betting has been officially\nlegalized in the United States. According to official <strong>American Gaming\nAssociation (AGA) data<\/strong>, the total handle in 2019 reached the impressive $13\nbillion.<\/p>\n\n\n\n<p>A total of 14 states have been contributing, but there are already 20\nstates where sports betting is legal, although, admittedly, not every state has\nlaunched officially. More specifically, this constituted an impressive <strong>59%\nincrease in the overall number of bets<\/strong> collected during that year.<\/p>\n\n\n\n<p>Until May 2018, Nevada was the only state where sports bets were\naccepted, but that has since change to encompass nearly half of all states in\nthe U.S. <strong>Pennsylvania<\/strong>, <strong>New<\/strong> <strong>Jersey<\/strong> and <strong>Nevada<\/strong> were\namong the busiest states attracting the biggest sports betting handle. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"ncpg-seeks-restrictions-on-payment-providers\">NCPG Seeks Restrictions on Payment Providers<\/h2>\n\n\n\n<p>The <strong>National Council on Problem Gambling<\/strong> in the United States is\nlooking into opportunities to limit potential harm from problem gambling. The <strong>NCPG<\/strong>\nhas asked <a href=\"https:\/\/www.ncpgambling.org\/payment-processors-have-a-role-in-reducing-gambling-harms\/\">payment operators to first introduce money\nand time limits<\/a> so players aren\u2019t tempted to spend beyond their means.<\/p>\n\n\n\n<p>Another measure the NCPG has considered is the introduction of <strong>daily<\/strong>,\n<strong>weekly<\/strong> and even <strong>monthly limits<\/strong> so that players can continue to\nplay safely without becoming problem gamblers, or so hoping goes.<\/p>\n\n\n\n<p>More importantly, the Council expects more rigorous <strong>Know Your\nCustomer<\/strong> or <strong>KYC<\/strong> practices to be put in place so that operators are\naware who may be at a higher risk of tipping into a reckless gambling behavior.\n<\/p>\n\n\n\n<p>Another soft touch the Council envisages is for operators to become more\npersonal and deliver messages tailored to each player so they may help him lay\noff prolonged gaming sessions. Enforcing these changes would take time, and\nsetting a legal guideline as to what constitutes the operators having met their\nobligations is yet to be discussed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"mashpee-wampanoag-tribe-seeks-tribal-land-for-casino-in-massachusetts\">Mashpee Wampanoag Tribe Seeks Tribal Land for Casino in Massachusetts <\/h2>\n\n\n\n<p>The <strong>Mashpee Wampanoag<\/strong> has appealed to the U.S. Court of Appeals\nin <a href=\"https:\/\/www.indianz.com\/IndianGaming\/2019\/03\/28\/mashpee-wampanoag-tribe-awaits-action-on.asp\">a bid to secure land from the federal\ngovernment and use it to develop gaming facilities<\/a>. With a panel and a hearing already\nhaving concluded, a final ruling is expected.<\/p>\n\n\n\n<p>According to the Mashpee Wampanoag tribe, the latest development almost\nguarantees the arrival of a new casino in Massachusetts, a clear victory for\nthe tribe\u2019s efforts to introduce a source of additional income for the\ncommunity. <\/p>\n\n\n\n<p>More importantly, the Mashpee Wampanoag have claimed that the case was\nalso a dangerous precedent because it constituted the first time in the modern\nhistory of the country that the federal government had tried to take away from\nthe tribes. <\/p>\n\n\n\n<p>The tribe\u2019s woes <strong>began back in 2015 when during the Obama\u2019s\nadministration<\/strong>, the tribe added 321 acres of land, but they were sued by a\ngroup of residents who disagreed with the reallocation of land.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"ohio-for-responsible-gambling-org-warns-about-the-dangers-of-gaming\">Ohio for Responsible Gambling (ORG) Warns About the Dangers of Gaming<\/h2>\n\n\n\n<p>Ohio for Responsible Gambling (ORG), an initiative dedicated to fighting the formation of gambling behavior, has released new information that the earlier people are introduced to gambling activities, the higher their chance of becoming addicts is.<\/p>\n\n\n\n<p>This\ndevelopment puts a fresh perspective on how gambling addiction can be fought and\nprevented instead of treated when symptoms begin to show. OGR also warned\nparents that some video games could also lead to addictive gambling patterns\nlater in life. <\/p>\n","protected":false},"excerpt":{"rendered":"Online gambling in the United States wasn\u2019t necessarily the focus of last week\u2019s news, but there were a number of important developments that have affected the industry. Sports betting was once again in an uptick marking a number of high-profile partnerships and a few overseas developments that have had a bearing on the gambling market [&hellip;]","protected":false},"author":3,"featured_media":610,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[57,58,59,17],"class_list":["post-607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-coronavirus","tag-las-vegas","tag-ncpg","tag-sports-betting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>iGaming News: Las Vegas Brands Rocked by Coronavirus &amp; More<\/title>\n<meta name=\"description\" content=\"News catch up: Las Vegas casino brands revenue rocked by the Coronavirus, Mashpee Wampanoag Tribe seeks land for a new casino in MA. 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