Industry News Round-Up as Michigan witnesses upturn in Revenue for July
In continuing busy trends in the gambling industry that is particularly consistent with this time of the year, there have been a number of events that have caught the eye over the last few days.
Kicking off this news round-up, we can report that the state of Michigan has seen an upturn in revenue for the month of July after latest figures were released.
As a result, it has seen the market publish combined online sportsbook and casino revenue of just over $176 million for the summer month, which is an increase on the $169.3 million for the month of June.
It is a welcome sight for industry regulators in the state, who appeared to be especially worried about the fall in revenue over this quarter, which left them wondering about why this happened.
Of course, there is the fact that this particular period is prime for vacations which sees a lot less gambling activity; this being a cause for concern considering the impressive online casino figures in the months previous.
In addition, there is also the fact that the two major sports betting markets (NFL and NBA) are quiet at this time of the year, with their respective seasons starting in August. This means that there should be a further increase in revenue in the state over the next months.
Harragh’s Hotel & Casino hit by Heavy Rain
One of the premium hotel and casino resorts on the Las Vegas strip; Harragh’s, has been a victim of a torrential downpour, which has seen water bursting through its ceiling as the state of Nevada got the tail-end of Hurricane Hilary which hit the state of California.
However, Caesars Entertainment which operates the resort has reported that no significant damage had been done and despite tiles falling off, the ceiling held in place.
It is understood that repairs are now underway and it is hoped that the casino and resort will be fully operational again in the next couple of weeks, with reparations unlikely to affect guests.
WBA FC signs Mr Vegas as Casino Sponsor
It is being reported that Malta-based online casino operator, Mr Vegas has inked a deal with West Bromwich Albion football club, who play in England’s second tier as a back-of-shirt sponsor.
The Championship club has signed the brand as its ‘Official Casino Partner’ for the 2023/24 which is currently underway.
Both parties are confident that this deal can help to raise awareness due to this partnership, with the football club eyeing an ambitious return to the Premier League and Mr Vegas having eyes on the UK market.
Written for onlinecasino-southafrica.co.za by Adiela de Bruyn - on 01-09-2023