Wednesday, January 16, 2019
Novomatic MacGyver LB

Tag: Business

No progress on slot machines at Wichita Greyhound Park

Wichita Greyhound Park, slot machines, Ruffin, business, kansas
While Ruffin is set to embark on a potentially lucrative new venture in Florida, the billionaire's efforts to get approval to add slot machines to the currently closed Wichita Greyhound Park continue to be thwarted. The dog track shut up shop in 2007, with Ruffin contending that it was not economically viable to continue the business without slots. “We’ve done a...

Clarion Gaming and All-In Diversity Project, strike strategic partnership

Clarion Gaming, All-In Diversity Project, strike strategic partnership, business
Clarion Gaming, whose portfolio includes many of the industry’s leading event, training and publishing brands, has agreed a strategic partnership with the All-In Diversity Project, the recognised global resource for gender, diversity and inclusion for the betting and gaming sector. Under the terms of the partnership the Clarion brands including iGaming Business will be providing a platform for the All-In...

Scientific Games announces third quarter 2018 results

sg gaming results
Scientific Games Corporation has announced its reported results for the third quarter ended September 30, 2018. Scientific Games also highlighted that its revenue growth reflects continued momentum and giving 'a clear avenue for deleveraging'. Third Quarter 2018 Financial Highlights: • Third quarter revenue rose 7 percent to $821.0 million, up from $768.9 million in the year ago period, reflecting $46.5 million in...

Silver Heritage acquires land for second Tiger Palace Resort

Silver Heritage Group, Tiger Palace Resort, business, Jhapa
Australia-listed Silver Heritage Group has purchased a parcel of land in East Nepal for $3.2m, which it says will be used for its Tiger Palace Resort Jhapa project. The firm acquired 7.45 hectares in Jhapa, in Province No. 1. A filing on 27 August, detailed that the company had previously reached an agreement to purchase 11.5 hectares of land in...

Aruze Gaming Partners with Spirit Gaming

Aruze Gaming, Spirit Gaming, partnership, business, europe
Aruze Gaming partners with Spirit Gaming to be the exclusive distribution partner for Aruze in Germany, Austria, Switzerland and Lichtenstein. Aruze Gaming has entered into a partnership with Spirit Gaming, an independent gaming distribution company based in Germany. Spirit Gaming will be the exclusive distribution partner for Aruze in Germany, Austria, Switzerland and Lichtenstein. In these countries, Spirit Gaming is now...

JCM Global signs exclusive master supply agreement with Eldorado Resorts

Signing agreement
JCM Global has signed an exclusive master supply agreement with Eldorado Resorts, Inc. helping the company to deepen and expand its connection with its players. Under the agreement, JCM will provide its bill validators and printers for all 26 Eldorado gaming properties in the U.S. The agreement is an expansion of existing relationships between JCM and certain Eldorado properties and...

KGM welcomes new account executives Kathy Cassidy-Heiler and Allen Campione

Kathy Cassidy-Heiler
KGM, a leading manufacturer and supplier for the gaming industry, is excited to welcome Kathy Cassidy-Heiler as the new Senior Account Executive and Allen Campione Jr. as the new Account Executive, handling operations and sales. “We are thrilled to welcome Kathy and Allen to the KGM team”, said Jason Peters, President and CFO of KGM. “These new additions will allow...

Novomatic supplies Kaya Palazzo Resort and Casino Girne

Kaya Palazzo Resort
Novomatic has inked a significant deal to supply gaming machines, casino management Casino Girne, and signage to the new Kaya Palazzo Resort and Casino Girne. Novomatic has signed a major deal with Kayta Turistik to supply 140 gaming machines, as well as extensive casino management infrastructure based on the Octavian myACP system, and a variety of signage for the new...

AGEM releases August 2018 Index

The AGEM Index decreased in August 2018. The composite index finished the month at 565.39 points, a decline of 43.88 points or 7.76 percent, compared to July 2018. The AGEM Index reported a year-over-year increase for the 35th consecutive month and has climbed 89.85 points, or 20.81 percent, since August 2017. During the latest period, seven of the 13 global gaming...

Novomatic posts double-digit revenue growth after US and Europe expansion

Following several noteworthy acquisitions and expansion into European regulated territory Novomatic has reported revenue for the first half of 2018 jumped 12.6 percent to $1.6bn. The gaming technology company stated earnings for the period rose 11.6 percent to $369.6m after six months of focused company growth. “This pleasing result confirms our strategy of consolidating our market leadership in existing markets and...

Scientific Games announces James Sottile as new executive vice president and chief legal officer

Scientific Games Corporation has announced that James Sottile will join the company as Executive Vice President (EVP) and Chief Legal Officer for the Company, effective September 4th. Sottile will oversee Scientific Games' global legal organization…

Sands confident in ‘pole position’ for Japan IR licence

las vegas sands
Speaking during its Q2 2018 earnings call, Las Vegas Sands CEO Sheldon Adelson explained why his company is well-placed to secure a Japanese licence, while in Macau, the firm is increasing its focus on the premium mass segment. Las Vegas Sands CEO Sheldon Adelson stated that his long ties to Japan give the company a competitive advantage in the race...

Atlantic City’s summer lovin’

Atlantic City Hard Rock
Atlantic City’s two new market entrants and the opening of sportsbooks provided a boost for a market struggling to meet last year’s positivity. Eyes are now being cast forward to see how existing enterprises deal with the change. The latest figures from the New Jersey Division of Gaming Enforcement show that June proved a boon for the city’s gambling industry,...

Konami announces new senior leadership promotions 

business meeting
Top casino gaming manufacturer elevates its senior management team with recent internal appointments Konami Gaming, Inc. has announced several key promotions in senior management, resulting from continued growth and expansion of the organisation.

AGEM releases June 2018 Index

The Association of Gaming Equipment Manufacturers (AGEM) has released its latest Index, which shows a slight decline in June 2018. The composite index finished the month at 546.37 points, a decline of 7.69 points or 1.39 percent, compared to May 2018. The AGEM Index reported a year-over-year increase for the 33rd consecutive month and has climbed 124.41 points, or 29.49...

Sun Dreams buys Park Hyatt Mendoza

Chile-based Sun Dreams is set to enter the Argentinian market with the acquisition of Nuevo Plaza Hotel Mendoza SA, which owns and operates the Park Hyatt Mendoza hotel and casino. “It's hoped that the sale will be finalised by the end of July,” said Ecocuyo Leandro Livschitz, general manager of the Park Hyatt Mendoza. “While the ownership of the Park...

Atlantic City bears brunt of stormy quarter

Atlantic City
Atlantic City’s casino properties saw their Q1 earnings drop my almost 12 percent compared to the same period last year despite all remaining profitable. All had seemed golden upon the sands of New Jersey as reports of an Atlantic City comeback appeared to vindicate themselves on a month by month basis throughout most of 2017. However, the latest figures for...

Lucky Dragon sale could ‘move forward’ by the end of June

In mid-May, a Bankruptcy Court judge approved bid procedures for the bankrupt Lucky Dragon in Las Vegas, clearing the way for a potential sale of the off-Strip resort. Speaking to local media, the property’s developer Andrew Fonfa stated that he had recently returned from Beijing, which “gives you an idea of some of the investment groups I’ve been talking to”....

Gaming Laboratories International hosts 11th Annual Latin American and Caribbean Regulators Roundtable in Lima, Peru

Latin American & Caribbean Roundtable
Gaming Laboratories International (GLI) has announced that it will host its much-anticipated 11th Annual Latin American and Caribbean Regulators Roundtable August 6 - 8, 2018 in Lima, Peru, where Mr. Manuel San Roman Benvante, General Directorate for Casino Games and Slot Machines, Peru Gaming Regulator, will be the host regulator. Presented by the global independent consultancy, testing, and certification laboratory’s...

Apex names Georgi Lungolov as Interational Sales Manager

Apex Gaming has appointed Georgi Lungolov as international sales manager, covering the Eastern European gaming markets. Reporting directly to the company's global sales director, Kubilay Ozer, Lungolov will also be supporting the gaming markets in Italy and Greece. “We are very pleased to have gained such a strong, professional personality who will aid us build our business in Eastern and also...

Casino Campione reaffirms commitment to SC Advance

With nearly all 816 slots at Casino Campione utilising SC Advance, the venue has recently signed a long-term Preferred Partnership Agreement with CPI. Italy's Casino Campione has reaffirmed its long-standing commitment to CPI's SC Advance by signing a Preferred Partnership Agreement with the company. “This agreement means a great deal to CPI, and I’d like to thank the entire team at...

BetGames.TV strengthens partnership with Hollywoodbets by providing full suite of live games

BetGames and Hollywoodbets
BetGames.TV, a market leading b2b supplier to lotteries, casinos and gaming operators across the world has signed a new deal with Hollywoodbets. South Africa’s leading bookmaker brand has now become available, under licence, in the international marketplace, integrating the supplier’s full suite of live games into the Hollywoodbets international platform. Hollywoodbets is a well-loved brand, best known for its sports...

Gambling Business Group urges DCMS to act on gaming regulation

Peter Hannibal
Peter Hannibal, chief executive of the cross sector strategic body, the Gambling Business Group, has called on the government to create a new organisation dedicated to the regulation of time loot boxes and skins, the in-video game cosmetics which change the appearance of weapons or characters. Frequently utilised as virtual currency for betting, skins are then cashed-in for real money...

Esterline purchase has been the ice-ing on the cake for Gamesman

Gamesman Martin Rigby Esterline
Gamesman, the UK-based gaming equipment components and systems manufacturer, will be celebrating five years as part of the Esterline Corporation when it welcomes international visitors to its stand N3-426 at ICE London (6th – 8th February, ExCeL Exhibition Centre). The acquisition by Esterline, a leading speciality manufacturer serving the aerospace, defence and industrial markets, was confirmed to international gaming...

Business and media world show support for inaugural Gaming Africa

Curtis Roach Gaming Africa Event
Gaming Africa, the two day conference which runs across the 24th and 25th October in Johannesburg, has attracted the support of 49 organisations comprising commercial, trade association and media sponsors.   The first edition of the free-to-attend event, organised by Clarion Gaming, will feature commercial sponsors BetConstruct, FSB, GLI, Kiron Interactive and Sirplay. Gaming Africa’s supporting partners comprise the European Casino...

Caesars, Genting and Brookfield compete to run Toronto casinos

Caesars, Genting and Brookfield compete to run Toronto casinos
Ontario is preparing to hand over control of its gambling operations in the Greater Toronto Area, worth nearly $1bn, to a private operator as the government seeks to further develop the province’s gambling industry. Within a few weeks, the Ontario Lottery and Gaming Corp. (OLG) will select a business to run its casino operations in the GTA for the...

Yggdrasil portfolio goes live with Betfred

Casino Review Yggdrasil betfred
Yggdrasil Gaming has signed a partnership with Betfred that will see its content go live on the operator’s UK and dot com offerings.   The direct integration will give Betfred access to Yggdrasil’s entire portfolio of award-winning slots, including recent launches Spiña Colada and Sunny Shores. The operator claims it opted for the direct integration to best utilise Yggdrasil’s suite of in-game...

Finnplay secures partnership with AhaWorld casino brands

ICR - Finnplay AhaWorld
Finnplay, the Finnish-based open gaming platform provider, has signed a partnership deal with the Swedish casino brand, AhaWorld.   The deal will see Finnplay provide its licensed platform for the Swedish publicly listed AhaWorld AB’s casino brands and AhaWorld claims it is set to launch under Finnplay’s platform which is licensed under the Malta Gaming Authority (MGA), providing access to...

BetConstruct partners with Royal Panda

BBi - Royal Panda Betconstruct
The technology provider BetConstruct has signed an agreement to provide its industry-leading sportsbook solution to UK and Maltese online operator Royal Panda.   The partnership with BetConstruct coincides with the UK and Maltese operator announcing a three-year shirt sponsorship deal with London-based Championship side Queens Park Rangers Football Club. We're delighted to be able to offer odds on Premier League and Championship...

Aquis remains optimistic despite losses

ICR - Aquis
Aquis Entertainment has reported that its Canberra casino made a worsening loss of $5.84m in 2016, with the firm waiting on government approval for a significant redevelopment plan which could see the introduction of slot machines.   Casino Canberra reported a loss of AUD7.7m ($5.84m) for 2016, which, in turn, puts Aquis in a negative position with liabilities of AUD31.3m ($23.76m)...