47 PUBLIC GAMING INTERNATIONAL • MAY/JUNE 2022 Scientific Games, and positions the company to build on the record growth we achieved in 2021 across all parts of our lottery business," said Pat McHugh, a 25-year lottery industry veteran who will continue as CEO for Scientific Games after serving as Lottery Group Chief Executive under the previous company structure. "Taking a long-term view of the business, Brookfield is committed to providing Scientific Games with the flexibility and agility necessary to expand our deep product portfolio to expand our deep product portfolio to meet the evolving needs of our customers and their beneficiaries." Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services to both the public and private sectors. Established in 1899, Brookfield is one of the world's most successful investment companies with more than $690 billion in assets under management. The sale of Scientific Games Corporation's lottery business was announced in October 2021, and on March 1, 2022 its Gaming and iGaming business rebranded as Light & Wonder. Light & Wonder’s name change is legally official The slot machine manufacturer’s shares now trade under the ticker “LNW” on the Nasdaq. Light & Wonder employees at the Las Vegas headquarters. The Light & Wonder name and branding reflects the Company’s strategic vision to become the leading cross-platform global game company focused on creating and launching great games fully cross-platform, leveraging our leading platforms and solutions to enable a seamless player experience,” according to a statement issued by the company. IGT Strengthens Video Lottery Terminal Leadership in Atlantic Canada via Massive Hardware and Content Deal Company signs contract with Atlantic Lottery Corporation to deploy nearly 1,400 CrystalDual® 27 video lottery terminals (VLTs) with popular The Price is Right content. IWG Delivers First-Of-Kind Monthly Jackpot Game Instant Win Gaming (IWG) launched a first-of-its-kind jackpot game, titled Monthly Jackpot, for the Michigan Lottery. The new game is powered by InstantReplay, IWG’s second chance feature-set, and InstantPulse, the Company’s auto-updating graphics and visuals. Smash and Grab Theft Hits Lottery: Police arrest 2 for stealing thousands of dollars worth of California lottery tickets in what is becoming a more common occurrence throughout the country. Inspired Entertainment to provide 700 Video Lottery Terminals (VLTs) for Western Canada Lottery Corporation (WCLC) American Gaming Association Urges Department of Justice to Crack Down on Illegal Gambling States fighting back against illegal betting machines One hundred gambling devices, 62 gift cards of varying denominations, and more than $29,000 in suspected gambling profits have been seized from two alleged Michigan storefront casinos. The Challenge of Maintaining Lottery Player-ship as players return to casinos The Unstoppable Future of Esports Betting Scientific Game bringing classic Mattel brands to more lottery games Sightline Payments announced today that Play+, is partnering with JPMorgan. The metaverse will change gambling from highly transactional and solitary to more entertainmentbased and social With few laws and no governing body, gambling in Alabama is spreading like wildfire. Even if most people don’t realize it. Virginia Lottery unveils new stateof-the-art gaming app SPORTS BETTING AND CASINO GAMBLING Sports Betting Data Giants Sportradar, Genius Sports, IMG Arena and Stats Perform Still Serving Russian sports books despite pleas to boycott Russia Sports betting legislation serving private commercial interests at the expense of citizens and good causes U.S. Sports Betting Revenue Hit Record-Setting $4.3B in 2021 (a 180% increase over 2020) New Jersey led the way with $816 million in revenue. Pennsylvania, Illinois, and Nevada followed, with the top four states accounting for around half the country’s sports betting revenue. Overall gaming revenue, which includes casino and iGaming proceeds, hit a record $52 billion – up 21.5% from the previous high in 2019. Georgia Ends Session Without Legalizing Sports Betting Mojo co-founders Marc Lore and Alex Rodriguez backed sports betting app that lets you bet on athletes like stocks Mojo, a sports betting app that’s currently in beta and plans to launch in the fall of 2022, will allow users to bet on professional athletes like they would a stock. The founders say the app will be available in states where sports betting is legal. Initially users will be able to put money down on NFL players, but the group has ambitions to expand to other sports. Mojo, which is headquartered in New York, recently raised $75 million in Series A funding fromThrive Capital and Tiger Global. Mojo co-founders Marc Lore and Alex Rodriguez also joined in the round. I got on a call with Mojo co-founder and CEO Vinit Bharara about this interesting—and potentially lucrative—slice of the growing market for betting on sports. Hooters Restaurants has reached an alliance with the sports betting company Draft Kings U.S. popular sports bar chain Hooters is seeking to become sports betting destination, partners with major sportsbooks. U.S. popular sports bar chain Hooters is seeking to become a destination for sports betting as a new guest draw. The franchise is looking to leverage its status as a popular choice for watching sporting events to expand its presence within the burgeoning gambling space.
RkJQdWJsaXNoZXIy NTg4MTM=