REAL MONEY PODCAST | WILL THERE BE A NYC CASINO WITH A CRYPTO TRADING FLOOR?

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Welcome To The Weekly Gambling News Roundup. The news today is brought to you by PlaySlots4RealMoney.Com (that's the numeral 4) and EasyMobileCasino.com. Subscribe to our newsletter to get the latest news and bonus codes delivered to you weekly. For the most recent online casino ratings and slot machine reviews, stop by CasinoSlotsMoney.com. For Bitcoin and other cryptocurrency quotes, stop by ArmyOfBitcoin.com. Please take a moment to give us this podcast five star rating on whatever podcast platform you are on. It means a lot to us and it is really easy to rate and review us. Also, feel free to view the links below, which are helpful resources.
   

In our first story this week, billionaire Tilman Fertitta ended the $8.6 billion deal that was supposed to take his casino and restaurant empire public. Earlier this year, Fertita Entertainment Inc, which operates the Golden Nugget casinos and the Landry’s restaurant group, planned a merger with Fast Acquisition Corp, a blank cheque company formed last year. However, after several delays, two companies have reached a settlement to abandon the agreement.

Per terms of the settlement, Fertitta's company has agreed to pay $33 million to end the merger. This brings a quick resolution to a dispute that flared up over the last few weeks, as both companies accused each other of being responsible for the delay. For the time being, Fertitta Entertainment Inc will remain private.

Next up, New York may soon be getting one of the most unique casinos in the country. Money manager Jason Ader has submitted plans for the new casino in the NYC area that will feature the world’s largest cryptocurrency trading floor. The $3 billion proposals also include a landing pad for flying cars, an esports arena, and a space that would host events such as New York Fashion Week. For this project, Ader will team up with Japan-based Universal Entertainment. 

The New York State Gaming Commission will award three new casinos licenses for projects to be developed in the southernmost part of the state. Besides Ader, several other major industry players, including MGM Resorts International and Genting Group, are expected to submit their casino proposals. 

In our next story, US casinos are posting record numbers in 2021. After a very difficult last year and downturn caused by the Covid-19 pandemic, the gambling industry managed to bounce back and generate more revenue in 2021 than ever before. According to the American Gaming Association, from January to October, casinos have generated $43.43 billion in gross gaming revenue. This includes money earned from traditional casino gaming, sports betting, and iGaming. The current all-time record, set in 2019, is $43.65 billion for the whole year. 

A big part of the record success came due to the rise of popularity of online gambling and sports betting. Sportsbooks have kept $3.16 billion of all wagers made this year, while iGaming has generated $2.98 billion in gross revenue. 

In our last story, Binance is forming a partnership that will allow them to further expand their operation in the crypto market. One of the leading crypto exchange platforms made a deal that will see them invest $200 million into the metaverse and gaming sectors of the crypto industry. 

Binance will team up with Hong Kong-based venture capital firm Animoca to invest in a fund that will promote promising projects in the gaming and decentralized finance field. Per reports, both Binance and Animoca will invest equal portions of $100 million each. The goal is to support and incubate early crypto gaming startups being developed on Binance Smart Chain. Besides financial support, the two companies will also provide startups with industrial expertise and networking opportunities.

  

 
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