Trends, News & Interesting Reads

Following a data-sharing agreement signing with the National Hockey League last month, the MGM Vegas caino operator has signed a similar deal with Major League Baseball. The new partners announced the deal last week. The agreement will cement MGM’s place as of Official Entertainment Partner of the Baseball League and will allow MGM to promote the MGM brand, beyond their flagship Vegas Casino, via MBL’s broadcast and digital platforms.

Wynn Resorts can’t seem to stay out of the headlines. Far from settling down after last year’s sexual misconduct charge against founder and CEO Steve Wynn and subsequent court fight for controlling shares and leverage on the board, the Vegas casino company seems to be garnering more headlines than ever. New sports betting and online casino pursuits, focus on resort entertainment options and Mr. Wynn’s reappearance in the public eye all turn attention to Wynn Resorts.

Fantasy sports has become a multi-billion dollar business in just a few years and the momentum shows no sign of abating. In fact, thanks to new sports betting legislation and the online casino, the industry is growing rapidly. Millions of sports fans are hooked on the pastime – over 20 million, at last count, participate in the games at least once a week.

Why are heavy investors, including Fox Sports, the NFL, Shamrock Capital and NBC sports, investing heavily in the fantasy sports industry?

What are Fantasy Sports

Playing fantasy sports is easy. You submit your entry fee, select the lineup under a capped fantasy budget and collect your payouts based on the results. You keep doing this over and over again, making changes to your line-up and connecting your own fantasy team to the successes and failures of the real sporting events. 

When all is said and done, at the Grande Vegas online casino and other casinos are only as good as the gaming developer that supplies it with games. All land-based and online casino sites offer basic table, card and slot machine game adventures. Some designers make the casino experience bigger and better with more interactive, more dynamic and more realistic games.

Florida’s Amendment 3, which grants Florida voters the exclusive right to decide if and when to authorize the expansion of land based casinos and online casino gambling in Florida, passed with a 70% YES vote. However, the ballot question is undergoing examination as operators try to figure out ways to get around the new stumbling block.

The main question seems to be whether the Amendment applies to sports betting.  Thus far, voters seemed to be most focused on how the amendment could impact the development of new casino centers in the state. But now, legal experts are also examining how the Amendment might affect sport betting legalization in Florida. Their tentative conclusion is that the Amendment might not make it more difficult to pass sports betting legislation.

Wynn Resorts can’t seem to stay out of the headlines. Far from settling down after last year’s sexual misconduct charge against founder and former CEO Steve Wynn and subsequent court fight for controlling shares and leverage on the board, the casino company seems to be garnering more headlines than ever. New sports betting pursuits and options such as those offered by the Grande Vegas casino for online players give observers a clear picture of the direction in which the company is moving. 

Fantasy Sports – and daily fantasy sports – is one of the biggest phenomena of the 21^st century. Fantasy sports – when you join a league, build a fantasy team and compete in fantasy competitions – was conceived in the late ‘60s and enjoyed a small measure of popularity through the final decades of the 20^th century. Interest exploded in the early years of the 21^st century when online Vegas casino players discovered that, while playing fantasy sports, they could make sports bets which were otherwise illegal in the United States. Two companies, FanDuel and DraftKings, emerged as the fantasy sports kingpins. These sites facilitate participants’ interactive engagement, bets and payouts and other fantasy sports gaming pursuits.

If you’re a beginner, you probably want to check out these two companies before you start playing. As you aim for the top results you won’t want to make your choice until you’re clear about the differences in rosters, salary caps, spreads and rules.

With the establishment of new brick-and-mortar casino sites, the Grande Vegas online casino, other online casino venues and sports betting options, the gambling industry’s commitment to ensure safe and responsible gambling entertainment is more important than ever.  AGA members include gaming suppliers, commercial and tribal casino operators, sportsbooks, fantasy sports operators and other entities affiliated with the gaming industry.

AGA and its Code of Conduct

AGA maintains a Code of Conduct which it updates as needed. The Code of Conduct involves a set of guidelines by which all AGA members are expected to act. The Code is updated  regularly to account for changes and to ensure that gaming standards remain at a high level. 

The Code aims to protect industry patrons and employees and enforce responsible gaming among operators. The Code also keeps the general public safe by ensuring that the industry operates according to the law.

Sports odds involve giving gamblers the chance to achieve a profit if they can predict something that will happen during a sporting event (or something that involves sports) or guess the outcome of a sporting event. Gambling on odds can take place at an online casino or at a racetrack, through a land-based sportsbook or at a brick-and-mortar casino betting venue.

The Massachusetts Gaming Commission has been involved in an investigation of former online casino and casino resort magnate Steve Wynn for most of 2018. The Commission, which must decide whether Wynn Resorts will be allowed to continue with their plans to build and operate a casino in Massachusetts, wants to determine what Wynn Resorts executives knew of sexual misconduct allegations against former CEO Steve Wynn when the company obtained a Massachusetts casino license.