Twitter Death Meets Crypto Crash

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The reels are still turning in the gaming industry, and “The Double Down” is here every Friday to keep you up to date with all the biggest news of the week. Sports Handle’s “Get a Grip” completes everything on the sports betting side, and US Bets provides the best of the rest: brick and mortar events, online casino developments, poker titles, and more. So grab a chair, work out the numbers, and slide forward another stack of chips.

WTFTX?

Full disclosure: I still don’t understand cryptocurrency. As a member of the poker/gaming media for nearly 18 years, I’ve known Bitcoin and the like for quite a while, and have heard/read it explained countless times, and those explanations always end with me wrapping my go around…for about five minutes, after which if you asked me to explain it to you, I’d just do a lot of curly faces and be all, “See that Bears game last week?” while I try to change the subject.

But here’s what I do know: There’s a big crypto controversy rocking this month, and the gaming community, which has long been immersed in crypto because, well, it’s just another form of gambling, is angry. Cryptocurrency exchange FTX filed for bankruptcy last Friday. Its founder, Sam Bankman-Fried, 30, has resigned. People couldn’t withdraw their money – or their so-called digital money, or whatever. Yada yada yada, Larry David is now being prosecuted.

Now, the future of crypto is about as uncertain as the future of Twitter. So why not combine two potential death spirals and take a look at what the gaming community has been tweeting about this FTX mess? Here are a few tweets worth noting, either game types or parallels to the gaming industry:

This week on Gamble On…

Every Thursday, American bets launches a new episode of the Play on podcast, and this week hosted Bennett Conlin, who covers all the details of the launch of mobile betting in Maryland since Sports handleto talk about the two-year wait for betting that is finally coming to an end this Thanksgiving week:

Could casinos come to Texas?

Texas senator introduces resolution to allow sports betting and casino gambling

Ashed and answered

New Jersey residents say smoke them if you get them in Atlantic City

Accelerate Revenue Reporting

Connecticut sets sports betting and iGaming records

Detroit’s Three Retail Casinos See Year-Over-Year Numbers Drop

Sports betting volume and online casino revenue both hit new highs in PA

You can’t win if you don’t spin

Divine Fortune Brings Spoils of Ancient Greece to BetMGM

Horse racing news

Paquette is about to call him as she sees him in Parx

Three more convicted in federal horse doping program

Cars, children and conscience

PA Gaming Board campaign targets gamers who leave kids behind

Mintas Joins Silicon Valley B2B Company as CEO

Nearly a year after leaving PlayUp, Dr. Laila Mintas has resurfaced with a new Silicon Valley-based game company.

Last week, Mintas announced her role as co-founder and CEO of PlayEngine, a provider of B2B sports betting and iGaming platforms. Among PlayEngine’s technology offerings are software for risk management, player account management (PAM), trading and customer relationship management.

Unlike most technology platforms in the market, PlayEngine has micro-services capabilities. In other words, instead of buying an entire platform, a bookmaker has the option of buying certain parts to integrate with their own technology. For example, an operator may choose to purchase only PlayEngine’s PAM platform but exclude services such as risk management and promotional engines.

“It makes us very nimble when it comes to selling the services,” Mintas said. American bets. “We can put together the different services in a simple and agile way.”

—Matt Rybaltowski

Rivers are coming to Virginia, likely next year

The Virginia Lottery Board unanimously approved Rivers Casino as the state’s second largest casino operator Thursday, by a 7-0 count. Rivers, which will operate in Portsmouth, joins Hard Rock as two current licensees from Virginia and has previously indicated it is targeting February 2023 as its opening date.

“The gaming landscape in Virginia continues to evolve, and the Lottery Board is committed to ensuring that Commonwealth casinos are operated responsibly, fairly and with the utmost integrity,” said Lottery Board Chairman Ferhan Hamid. . “While not all Virginians choose to visit these facilities, all of our citizens should be confident that they are regulated to the highest standards.”

Hard Rock received its license to operate in Bristol in April and opened its temporary casino in July. The Virginia Lottery is continuing its reviews of casino license applications for the cities of Danville and Norfolk.

—Chris Altruda

Massachusetts and Virginia Release October Casino Numbers

Speaking of Virginia and its limited (but growing) number of casinos, the Virginia Lottery shared October revenue figures from the state’s only operating property, Hard Rock Bristol, on Tuesday. The casino’s 870 slot machines generated $11.3 million in adjusted gross revenue (AGR) and its 21 tables produced $2.9 million in AGR, for a total of $14.1 million for the month. The state collected $2.5 million in taxes.

The Massachusetts Gaming Commission also dropped October numbers for the state’s three casinos on Tuesday. Combined, Plainridge Park Casino, MGM Springfield and Encore Boston Harbor generated $97 million in gross gaming revenue (GGR). Plainridge Park is taxed at 49% of the GGR, while the other two properties are taxed at 25%. In total, Massachusetts reported $27.2 million in October tax revenue.

— Eric Raskin

More from the gaming industry

BRIN NICE KNOWS YOU: Brin Gibson steps down as chairman of the Gaming Control Board [The Nevada Independent]

MIDWEST MONEY MOVE: October Numbers Indicate Lincoln Casino Could Pull Dollars From Iowa Slots [Lincoln Journal Star]

WE ARE NOT THE ONLY DOUBLE DOWN IN TOWN: Court approves $415,000 settlement with maker of online casino ‘DoubleDown’ [LawStreet]

DOUBTFUL QUINELLA: Gulfstream Park drops quinella bet after pool appears to have been manipulated [DailyRacingForm]

MASS INCARCERATION: Former Massachusetts tribal chief gets three years in casino bribery case [Associated Press]

ALL ABOARD THE SIN CITY EXPRESS: Construction of high-speed train project could start in 23 [Las Vegas Review-Journal]

ROCK, PAPER, SCISSORS, SHOOT! : Aruze Gaming’s Rock Paper Scissors slot machine installed at Circa Resort and Casino [CDC Gaming Reports]

Image: Blundell Design

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