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New York casino licensees could generate up to $5.6bn annually

Licences & markets

New York’s three full casino licensees could generate up to $5.6 billion in annual gaming revenue, according to the report’s account of CBRE Institutional Research analysis. The analysis estimates first-year gross gaming revenue of $4.7 billion once the venues are fully operational and projects completion by 2031.

The estimates provide operators and investors with projected revenue and development-scale benchmarks for the three licences.

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Deals & M&A

Sportsbooks use AI tools to engage and retain bettors

Bet365, FanDuel and Hard Rock are using AI features to provide bettors with game insights and help building wagers, according to the report. Eilers & Krejcik Gaming analyst Brad Allen said its app testing found Hard Rock’s AI insights well received, while feedback on FanDuel’s AceAI was mixed; the sample was too small to establish broader preferences.

Bet365, FanDuel and Hard Rock are using artificial intelligence on the customer-facing side of their sportsbooks, according to the report. The report describes the tools as providing bettors with game-specific insights and help in building wagers.

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