Sunday, February 27, 2022

Media Man Business Blog: HardRockCasino.com Player Wins More Than $198,000

HardRockCasino.com Player Wins More Than $198,000



Atlantic City, N.J. (Feb. 25, 2022) – HardRockCasino.com player William A. from Northern New Jersey won $198,743.44 on NetEnt’s Divine Fortune slot machine on Wednesday, Feb. 23. A frequent in-person player at Hard Rock Hotel & Casino Atlantic City, William A. decided play his favorite casino online at HardRockCasino.com where he noticed the jackpot nearing $200,000, and decided to place a $20 bet.


About Hard Rock Hotel & Casino Atlantic City

With the legendary Atlantic City Boardwalk as its backdrop, Hard Rock Hotel & Casino Atlantic City has become Atlantic City’s go-to entertainment destination. The property features an award-winning gaming floor that offers 2,250 slots, 120 table games, and dedicated Sportsbook. The highly regarded resort has been recognized as Forbes Best Place to Work in New Jersey, as well as awards from Casino Player Magazine’s 2020 and 2021 Best of Gaming Awards and USA Today’s 10Best Casinos. Boasting more than 16 food and beverage offerings, guests are able to enjoy fine dining at Council Oak Steaks & Seafood, Kuro, Sandpiper and Il Mulino, to casual fare at Hard Rock Cafe, YOUYU Noodle Bar, Sugar Factory and Fresh Harvest Buffet. The music-inspired resort offers guests a glimpse into the world’s most valuable and largest music memorabilia collection, along with services from Rock Spa® & Salon, which offers rhythm and music inspired treatments like the Soul Survivor Massage. With more than 150,000 square feet of meeting and event space, Hard Rock Atlantic City can fit any bill from intimate board meetings to large-scale conferences. For more information or to book your stay, please visit hardrockhotelatlanticcity.com.


About Hard Rock®:

Hard Rock International (HRI)  is one of the most globally recognized companies with venues in 68 countries spanning 253 locations that include owned/licensed or managed Hotels, Casinos, Rock Shops®, Live Performance Venues and Cafes. HRI also launched a joint venture named Hard Rock Digital in 2020, an online sportsbook, retail sportsbook and internet gaming platform. Beginning with an Eric Clapton guitar, Hard Rock owns the world’s largest and most valuable collection of authentic music memorabilia at more than 86,000 pieces, which are displayed at its locations around the globe. In 2021, Hard Rock was honored as one of Forbes Magazine’s Best Employers for Diversity, a Top Employer for Women and the Top Employer in the Travel & Leisure, Gaming, and Entertainment Industry. Hard Rock was also designated as a U.S. Best Managed Company by Deloitte Private and The Wall Street Journal and named the top performing hotel brand in J.D. Power’s North America Hotel Guest Satisfaction Study for the third consecutive year in 2021. The brand is owned by HRI parent entity The Seminole Tribe of Florida. For more information on Hard Rock International, visit www.hardrock.com or shop.hardrock.com.

Friday, February 04, 2022

Media Man Business Blog: MGM Resorts, BetMGM and The National Hockey League Announce Partnership Extension

MGM Resorts, BetMGM and The National Hockey League Announce Partnership Extension


LAS VEGAS, Feb. 3, 2022 -- MGM Resorts International, BetMGM, a leading sports betting and digital gaming operator, and the National Hockey League (NHL) today announced a multi-year extension of their groundbreaking partnership. The news comes as MGM Resorts, which operates T-Mobile Arena, prepares to host Honda NHL® All-Star Weekend festivities in Las Vegas Feb. 4-5. Several special events will take place at MGM Resorts’ iconic properties along the Las Vegas Strip as well.

As an official sports betting and resort partner of the NHL, BetMGM and MGM Resorts will continue using NHL brands to enhance the experience for both customers and guests. BetMGM and MGM Resorts will continue to be integrated into the NHL’s jewel events, with camera-visible signage and on-site activation opportunities. Additionally, BetMGM and MGM Resorts will maintain the ability to reach hockey fans through communications to subscribers from the NHL’s fan database.

“We are thrilled to renew our partnership with MGM Resorts and BetMGM,” said Evin Dobson, NHL Group Vice President, Partnership Marketing. “Our extension enables us to continue to work together on delivering innovative content programming to connect with our passionate fans. We look forward to continuing to grow our relationship with MGM Resorts and BetMGM and collaborate on new opportunities for fan engagement.”

Lance Evans, Senior Vice President, Sports & Sponsorships, MGM Resorts, said, “Our partnership with the NHL has been a tremendous success, allowing us to provide guests and hockey fans with unparalleled access to their favorite teams. Alongside BetMGM, we remain committed to helping the League grow its audience, while offering fans new and entertaining experiences.”

BetMGM Chief Executive Officer Adam Greenblatt added, “This collaboration allows BetMGM to deliver the best-in-class hockey product, including a wide-variety of NHL wagering options. We will continue to work with the League to reach new fans, as we expand into new markets.”

BetMGM, MGM Resorts and the NHL share the priority of encouraging responsible gaming activity. All three are official partners of the American Gaming Association’s Have A Game Plan.® Bet Responsibly.™ public service campaign to educate new and seasoned bettors on responsible sports wagering.

Wednesday, January 12, 2022

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat - 11th January 2022

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat


Bitcoin, the most popular means to send and receive funds within online gambling restrictive markets, has seen its price tumble in recent weeks.

The price of Bitcoin was up nearly 2% Tuesday late morning in the US to $42,486.90.

Bloomberg warned of crypto being mired in a drawdown as the Fed readies a stimulus withdrawal and the IMF issued its latest warning on crypto risk to financial markets.

From Bloomberg:

After one of roughest patches ever for Bitcoin enthusiasts, holders of the largest digital currency are facing an ominous technical price pattern with a name that suggests more pain ahead. 

Known as a death cross, the measure shows up whenever an asset’s average price over the last 50 days drops below that of its 200-day moving average, an indication that its momentum is headed downward. And though it hasn’t occurred yet for Bitcoin, it looks to be on course to hit it later this week, according to Mati Greenspan, founder of Quantum Economics. 

The latest dropoff among digital assets comes as policy makers look to commence a series of rate hikes as soon as March.

That indicator is supposed to be bearish but Bitcoin’s track record around death-cross formations remains murky, according to Bloomberg.

Then there's perhaps an even bigger concern that the International Monetary Fund has warned of parallels between cryptocurrency price moves and the stock market posing a risk to financial markets.

From Bloomberg News:

Analysts have long noted that Bitcoin -- and, therefore, other cryptocurrencies -- tend to move in tandem with stocks. Lately, that relationship has strengthened. Both have been volatile recently amid signs that the Federal Reserve was comfortable withdrawing stimulus at a faster pace than previously anticipated.

Tuesday, January 11, 2022

Media Man Business Blog: Investments in New Projects on Tap for 2022 in Atlantic City

Investments in New Projects on Tap for 2022 in Atlantic City


Atlantic City’s casinos are forging ahead with ambitious new projects in 2022, even as the coronavirus pandemic continues to make it harder to do business.

And non-casino projects involving family entertainment, education and the offshore wind industry will take flight in the new year.

But challenges lurk, as well.

In-person gambling revenue at seven of the nine casinos is down compared with 2019, before the pandemic hit. Sports betting and internet gambling revenue has filled some of the gap, but that money must be shared with third parties, including technology platforms and sports books, and is not solely for the casinos to keep.

A law passed signed by Gov. Phil Murphy in December gives the casinos some relief from big increases in payments they were due to pay to Atlantic City, Atlantic County and the schools system in lieu of property taxes.

A big unknown is how long and how seriously the COVID19 pandemic, and particularly the fast-spreading omicron variant, will affect customers’ willingness to come out and gamble in person in 2022.

And a big challenge is right around the corner when New York begins allowing people to bet on phones or other mobile devices anywhere in the state, as soon as January but almost certainly in time for the Super Bowl in February.

Gambling industry executives and analysts expect New Jersey to lose at least 20% of its sports betting volume as New York residents who formerly had to cross over into New Jersey to bet will be able to do it at or close to home.

Mark Giannantonio, president of Resorts casino, said he is “tremendously optimistic for a great year” in 2022.

Starting in February, Resorts is renovating its rooftop pool, adding a retractable roof to enable it to be used year-round. Resorts also is investing $5 million into new table games and slot machines, remodeling its high-limit slots area, and creating a new VIP Asian-themed room.

The Ocean Casino Resort plans to begin a $75 million project in spring or summer to finish 12 floors of hotel rooms that were never completed when the casino first opened as Revel in 2012.

Caesars casino will start work in 2022 on a new theater and resident show due to open in the first quarter of 2023. The project will incorporate the facade of the former Warner Theatre from 1929, which is currently part of the casino’s exterior facing the Boardwalk.

Also planned for Caesars in 2022 is a new restaurant opened by a hospitality company involving actor Robert De Niro that also will renovate hotel rooms there. Caesars Entertainment is partnering with Nobu Hospitality for a project to be called Nobu Hotel Atlantic City.

Bally’s will unveil 750 renovated hotel rooms, a redone hotel lobby and bar, and an indoor-outdoor entertainment venue in 2022.

A $100 million indoor water park to be built next to the former Showboat casino, which now operates as a nongambling hotel, plans a ground breaking for early 2022.

Atlantic City will host a three-day country music concert on the beach in August headlined by Luke Bryan and Morgan Wallen.

Construction is to begin in 2022 on a new ShopRite supermarket in Atlantic City, designed to end the city’s status as a “food desert” without a major supermarket. The project should open in 2023.

Stockton University hopes to complete a new student residence hall in the city in 2022.

Atlantic City will play a big role in the burgeoning offshore wind energy industry. Atlantic Cape Community College plans to open a wind energy workforce training center on its city campus in the fall, and wind developer Orsted hopes to start work in 2022 on a maintenance and operations center in Atlantic City to support its offshore wind projects in the area.

And a plan that has gotten little attention outside of Atlantic City but which will affect most visitors to the city is due to begin in 2022.

The city plans to reduce Atlantic Avenue, one of its two main north-south thoroughfares, from two lanes in each direction to one lane in each direction, in the name of pedestrian safety.

But many residents and businesses oppose the plan, predicting that traffic that is already difficult to navigate under current conditions will become even worse with only one lane in each direction.

(AP)

Saturday, December 11, 2021

‘Absurd’: NFL punter turned host hits $170m jackpot as gamble pays off with ‘richest ever’ deal

‘Absurd’: NFL punter turned host hits $170m jackpot as gamble pays off with ‘richest ever’ deal



In what might be the richest talent deal in sports media history, FanDuel has reportedly signed a deal with “The Pat McAfee Show” worth in the vicinity of $US30 million ($A42m) annually.

NFL insider Ian Rapoport was first with the news an extension had been reached — as McAfee’s show already had a sponsorship deal with FanDuel — and NBA insider Shams Charania followed up with the annual compensation.

McAfee confirmed in a YouTube video his show has reupped with FanDuel for “an absurd amount of money” on a four-year deal with an opt-out after three years.

The 34-year-old was a punter for the Indianapolis Colts for seven NFL seasons before retiring and pursuing a career as a broadcaster.

It’s unclear how much of that $US30 million is base pay, versus potential enticements for affiliate referrals. Furthermore, this deal likely includes the pay for his co-host A.J. Hawk, and crew of producers and other show contributors. Nevertheless, McAfee is the main driver and this is an enormous pay package that will inevitably have ripple effects across the industry.

As sports gambling implementation continues its slow crawl toward activation in New York, there has been a gold rush across America. Everywhere you turn, inside and outside of sports, there is marketing for sportsbooks like FanDuel, DraftKings, PointsBet, BetMGM, WynnBet, BetRivers, Caesars and so on.McAfee, as an edgy and relatable personality, has proven to be an effective referrer of bettors to FanDuel. This is why they were so keen to back up the Brinks truck to retain him as gambling moves into higher-populated states such as New York and perhaps eventually Texas and California.

Other notable gambling deals involving sports media talent include Penn National Gaming buying Barstool Sports from The Chernin Group, and DraftKings doing a deal with Meadowlark Media’s “The Dan Le Batard Show with Stugotz” that was reportedly worth $50 million over three years.

Wednesday, December 01, 2021

Packer earns $500m as tech investor

Packer earns $500m as tech investor

The billionaire’s private investment company returned to profit this year, thanks to buying and trading technology stocks as well as an uplift in his Crown shares.