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Tampilkan postingan dengan label PGCB. Tampilkan semua postingan

Jumat, 22 Juli 2016

Pennsylvania Gaming Expansion could lift off at Philadelphia International Airport



When you arrive in Las Vegas, you know as soon as you depart the plane that you are in a gaming town. The sounds of the slot machines greet you through out McCarron International Airport. That same sound could vibrate in Philadelphia International Airport within the next 18 months.




If a gaming expansion bill in Pennsylvania includes slots in airports, this would generate a pipeline of revenue for the state. It would consist of jobs and gambling revenue. It would require oversight by the PGCB.No one under 21 would be allowed to play. The rules involving any jackpot that exceed $1200 would be applicable.

Philadelphia International Airport


The logistics that make this a winning proposition are the amount of daily flights to and from Philly.
Ironically, that number is approximately 1200. Philadelphia is also the 20th busiest airport in the nation and serve more than 30.4 million people a year. The airport is within an hour drive time of the brick and mortar facilities. A boost for the City and the Commonwealth. 



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                                                        65 days until #G2E2016.

Jumat, 15 Juli 2016

Interview with Chris Sheffield: Penn National Gaming




Mr. Chris Sheffield has been Senior Vice President and Managing Director of Interactive Gaming at Penn National Gaming Inc. since January 2015. Mr. Sheffield is responsible for setting the Company’s strategy as it prepares for the launch of online gaming initiatives across its portfolio at Penn National Gaming.





1). What is your role at Penn National Gaming?  What did you do prior to this position?

"My role is Managing Director / Senior Vice President i-Gaming at Penn which is a new role created this year .  Previously I was managing Director of digital for Betfred in the UK who are a very large betting and gaming business which generates over $ 15 Bn in revenue per year from retail and online operations.  Prior to Betfred, I had an entrepreneurial career and most notably developed Million-2-1 into the largest mobile gambling business in the UK which was eventually acquired by International game Technology (IGT)."

2). Tell the readers the things in the I Gaming platform  that you feel could be implemented here?

"The UK is the World’s most advanced online gambling marketplace and every form of gaming and gambling online for real money is legal and regulated.  This creates a huge amount of tax revenue for Government,  tens of thousands of jobs,  consumer protection for players and drives innovation as operators race to deliver the next great product.  Sports betting is also legal via all channels,  and nowadays in the UK mobile and betting “In Play” as the action happens is the most popular betting activity with $ billions wagered every weekend on soccer, horse racing and other sports.  I see no reason why a similar model could not be implemented across North America and consumers here given the chance to wager legally rather than off-shore with all of the protection and additional tax revenues a regulated model would generate."

3). What would work best in the perfect I Gaming regulatory format?  A federal structure or the current state by state initiative.

"From an operator’s standpoint,  of course a federal position would work best as would be one size fits all and a lot easier to support from a single infrastructure.  However,  given land based gaming businesses are regulated state by state, this is more likely the way things will happen with each state being able to determine its own path and regulations."

4). In Europe, what games are the most popular in the I Gaming environment?  What are the demographics of the players?


"In the UK, sports betting is huge but it is quite a low margin and very competitive business.  The most commercial aspect of i-gaming is casino games (slots, roulette, blackjack e.t.c.),  live dealer casino games,  virtual sports, bingo and poker which is currently in decline.  The customer demographic depends very much on the brand and product and typically a sport-book operator would appeal more to the younger male whilst gaming / bingo focused would appeal more to the older female type audience.  However,  mobile gaming now has overtaken the PC and other devices and this is skewing to a younger more tech savvy customer who is able to play games or wager from anywhere."


 5). Online Gaming does have fears associated with it. The two that immediately come to mind are cannibalization of brick and mortar casinos and an up surge of compulsive gambling. Are these concerns valid?


"As can be seen from Europe,  there appears to be very little cannibalization from bricks and mortar to IGaming and the two channels can be used to help customers become more loyal to a single brand and increase lifetime value and wallet share.  This is also being seen in New jersey with operators such as Golden Nugget being able to report a very positive impact on land based customers  visitation and spend since the advent of IGaming in the State."


"I would also point to Europe regards compulsive gambling and again there is no evidence that there is a link between increased gambling problems and new technology.  At the end of the day,  technology allows the implementation of better controls to protect the customer than the land based environment."

6). Fantasy Sports Betting is the talk of the US. What would it take to bring Online Gaming to this level?

"The biggest challenge that igaming faces is that it is not currently legal in most states whilst fantasy sports for the time being is allowedin most states  across the country.  iGaming needs to prove volume and scale in New Jersey which is improving month by month and issues such as banking (high decline rates for transaction) need to be resolved. Once the model is proven I am sure other States will introduce bills to legalize igaming as a way to raise tax revenue, protect the consumer and bring illegal offshore business back to the US."

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Sabtu, 11 Juni 2016

This Week in Gaming Review





Atlantic City News dominated the media with the announcements that Revel and Showboat were going to reopen. This would be in time for the summer season. Showboat will have a non gaming
facility with a hotel only. Revel will reopen as a casino hotel. It appears that Revel will offer slots
only for now. The slot gaming experience should return in August. This will be timely since this is
Atlantic City's peak time and hotel occupancy is up.




The International Conference on Gambling and Risk Taking was held in Las Vegas and concluded yesterday. Jan Jones Blackhurst was a speaker and address the group about the lack of women and minorities in top gaming positions. Attendees reportedly came from over 250 cities. The next conference sponsored by UNLV will take place in 2019.

No news from Pennsylvania about online gaming. Since the budget talks are heating up, I expect this and a expansion of gaming into Fantasy Sports to be part of the new revenue for the Commonwealth.


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Senin, 22 Februari 2016

This Week in Gaming Review

 
The hearing on Sports Betting was held in Philadelphia on Tuesday. This will impact New Jersey and Pennsylvania “Look for either an 8-4 or 7-5 victory in favor of the leagues,” said Daniel Wallach, a sports and gambling lawyer at Becker & Poliakoff in Fort Lauderdale, Fla. “I don’t expect New Jersey to raise the white flag if it loses. The state is nothing if not persistent.”

 
As part of a grassroots efforts, the American Gaming Association recently launched a website – SportsBettingInAmerica.com – that serves as the hub for information and support from people across the country. If you agree that sports betting law should be changed, join the effort and sign up.
 
International news gives support to the movement for Sports Betting in America. The following is an article from I Gaming Business. Spain’s gambling regulator, the Dirección General de Ordenación del Juego (DGOJ), has revealed that the country’s online gaming market experienced a 26% year-on-year increase in revenue in the 12 months through to December 31, 2015.
Gross gaming revenue for the full year totalled €319.6 million ($357 million), while turnover also increased 28% year-on-year to more than €8 billion.
Sports betting served as the main source of income for operators, generating a total of €179 million of the overall revenue figure and representing an increase of 49% on the previous year.
Although the online slots market also jumped 80% to €67.5 million, the DGOJ did report that revenue from poker dropped to €59.8 million, while bingo also fell to €7.8 million.
The largely positive full-year results come after an impressive fourth quarter in the country, during which revenue hiked 40% year-on-year to €94.7 million.
Sportsbook revenue came in at €53.5 million for the three months to December 31, with casino generating €22.6 million, poker €14.5 million and bingo just €2.1 million.
 
 
The decision will be rendered sometime later this spring or early this summer. I am not confident that New Jersey will prevail. I do think this battle will pick up on a national level.
 
I am headed to Las Vegas this week. I will share part of my time with you once I return.
 
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Selasa, 29 September 2015

Gaming and Technology: Q&A with Bob Ambrose - Drexel University



        

         G2E 2015 has more emphasis on technology and education than any of it's predecessors.
         Drexel University has a gaming curriculum that combines research and real world application.
         Robert Ambrose is a prominent part of that combination.

         Robert Ambrose is a Casino & Hospitality Instructor at the Center for Hospitality
         and Sport Management. He also directs the Dennis Gomes Memorial Casino Training Lab.
         His summary experience includes an MS in Hospitality Management. 
         After a  successful  30 career in Casino and Hospitality Management,
         he joined Drexel as a Gaming and Hospitality Instructor. Instructor Ambrose
         continually collaborates with industry professionals and reports on the industry about 
         his research through class lectures, the publication of his articles and consulting.
         
        
       
 . 


                


1). Tell the readers about the concept for the Lab?

"In most universitiy casino class programs the students learn theory, application through text, experience various media documentation about gaming and maybe have an opportunity to visit a casino with the class to observe.'

"The learning goal of the Dennis Gomes Memorial Casino Resort Classroom at Drexel is for students to be engaged in active learning.  They will become active participants in the roles of front-line employees, managers and customers within a live casino operation environment. With hands on participation applied to the instruction, the students will become participants in the learning process."
                                                 
"Bally got the ball rolling for us. Now we have Konami products and under the new Scientific Gaming Brand WMS Games as well. We also are looking at Table Games."

 

2). Can you cite any challenges from a regulatory standpoint (PGCB) in developing the Lab?

"The PA Gaming Board has been outstanding in assisting us in the process.  I petitioned the state and met before the board October 2013 to respond to the proposal.  The machines do not accept currency and are subject to all regulations that apply to casinos, including 24-hour surveillance and are locked down when not in use. We had to make a considerable investment to meet the state regulatory requirements but it’s all been good." 

3). What makes the lab unique compared to other gaming curriculums?

"Drexel has offered a bachelor’s degree in hospitality management with a concentration in gaming and casino operations since 2009. Hospitality and Sport Management is a collaborative school founded by my Director Jonathan Deutsch PhD. It is because of his vision and openness along with the Drexel administrative community that have brought us to the point of the Gomes Casino Training Lab."


Home of the Gomes Casino Training Lab



"Drexel has always been a university specializing in experiential learning through co-operative education experiences. When our students graduate they have a working resume and on-the-job experience that will place them directly into positions. Many graduate the program with jobs having already entered the working environment through the co-op program. We develop relationships with industry. As in the case of the casino and hospitality industry we are on the ground networking on behalf of the students. Many members of our instructional staff have industry experience. Whether it’s gaming, hotel ops or culinary, we bring that network to the school in the forms of property visits, guest lectures, job fairs and internships."


4). The gaming industry is transforming from one of baby boomers to Generation Y. This includes the patrons and the employees.  Do you think gaming classes prepares both of these groups for that transition?

"The “Y” generation (“millennials”) are now moving into the market place both as employees and consumers some 80 million strong; according to the US Chamber of Commerce. This is the first generation that has grown up from diaper to “cap and gown” centered in a planet sized evolution of technology.  Goldman Sachs refers to them as “digital natives, with an affinity for technology.” They have and will continue to change the marketplace." 
 

 Just as the gaming industry is providing more elements of interactive gaming, the Y Gen customers desire a “multi-integrated” set of adventures and experiences through a multi-tasked presentation. The model is more reflective of the video games and social media that these new consumers grew up with. Employees of casino operations have had to adapt as well and adjust their methods when it comes to the customer service values of Y-Gen’s vs. the Baby Boomers. It is about accurately facilitating the casino customer experience to a diversified demographic base. Gaming and hospitality products have cross generational interest. The process of marketing and providing service to all calls for creative applications. Today under a signal umbrella of hospitality, the new presentation of the casino experience is intermixed more with other property choices. The customer perspective is about not only the experience of the casino but it's relationship to the entire property brand.
 
 
 
5). The Lab is named after the late Dennis Gomes. Gomes was an extraordinary leader in the casino industry. What would he like about this Lab and curriculum?



Dennis Gomes
 
 
   "He would be very proud that we are doing this.  Dennis Gomes was a very hands-on executive and spirited gaming industry visionary. He had a strong commitment to education and was a mentor to many people who are now industry executives. It was a great experience having known him and to have worked for him. Once I received approval from the Gomes family to dedicate the lab in his name; we haven’t looked back. We have been overwhelmed by the support of the industry that sees Drexel students as both their future customers and workforce. If he were here today, he would be very pleased and be very involved in the school."

 
 
6.).What additions do you have planned for the lab in 2016?
TROPICANA CASINO IN ATLANTIC CITY
"We are looking at expanding out our present area to include table games. We also have a major  scholarship fund raiser planned in Atlantic City at the Tropicana in October. It is a ticketed event and invitations have already gone out. It is being hosted by Barbara Gomes. Our MC is Celebrity Chef Carla Hall. The Tropicana was the right place to hold this first of many events since Dennis was responsible for the building of the Quarter and so much else at that property. I continue to work on partnership for our student co-ops as well. I also teach the hotel side of our program so I plan to stay busy."


                         Reach out to Bob during or after #G2E2015.

                                                        r.ambrose16@gmail.com
                                                    https://twitter.com/BobAmbrose
 
                                                


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Jumat, 14 November 2014

Philly's 2nd Casino License: The Odds

The Pennsylvania Gaming Control Board is holding a meeting Tuesday in Philadelphia to decide about the 2nd gaming license. The 4 remaining applicants are awaiting this decision. The existing 4 operators are also concerned. Market conditions indicate that gaming revenue is not at a premium on the east coast. But the board has the final say in this.  So I decided to set  a betting line as to who the odds favor in this process.
 
Philly Live has an impressive track record(Maryland Live). Live has partnered with Parx Casino and both have strong numbers in their respective markets. Great location near stadiums. They will have a synergy with Xfinity Live. A existing hotel site in place. 2-1

 
Casino Revolution has a location near the stadiums and is accessible to major highways. I-95 and Delaware Avenue come to mind. They have plans to develop an amusement park that will cater to families. They state they can open faster than any other applicant (15 to 18 months). 3-1


Market Eight has the development of the center city Gallery area to draw on. Major stores that cater to millennials are part of this renaissance. This group has the most disposable income.  Easy access by public transportation. They are located near major hotels and the convention center. 4-1
 
The Provence has the most original design of the 4. They plan to have a international flavor to their casino. Note the name. They 'll have a spa and world class restaurants. This will appeal to the business clientele that surrounds them in the heart of center city. 4-1

The Board could also differ a decision until 2015 when Governor -elect Tom Wolf can weigh in. They are politically appointed and able to vote without responding to the influence from the governor's office. 7-1
The Gaming Board could also look at the state of gaming on the east coast and feel that the region is not ready for another casino. This would maintain the balance that currently exist. Each existing operator has it's own niche. Harrah's Philly has the Total Reward brand that works nationally. Parx and Valley Forge have the outlying areas of Philadelphia and the suburbs to draw from. SugarHouse Casino has the prime location and is approximately 10 minutes away from center city. 
                                   Odds of not granting a license to anyone. Even Money.

          You can't bet these propositions anywhere but you can talk about them everywhere.
                                              What do you think will happen?

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