Friday, March 31, 2023

Tag: Business

EveryMatrix reports strong 2021 results, EBITDA growing 65% to €19.7million

EveryMatrix Financial Report 2021
B2B iGaming technology provider EveryMatrix has released its 2021 financial results covering the company’s performance for Q4 and the full year of 2021.

Caesars celebrates record EBITDA

Caesars celebrates record EBITDA
Following the William Hill acquisition Caesars has rebranded its sports betting operations and launched a new marketing campaign, while CEO Tom Reeg said it will likely sell one of its its eight Las Vegas Strip properties in 2022.

Genting CEO: Outlook for global tourism and hospitality industry “remains highly uncertain”

Genting tourism hospitality remains highly uncertain
Following a tough 2020, Genting’s chairman and CEO Lim Kok Thay highlighted the opening of Genting SkyWorlds in Malaysia later this year, together with the firm’s investment in an expansion to its Singapore property Resorts World Sentosa. Nevertheless he warned that the company will continue to face “significant challenges” in 2021.

Riding out the storm: Tribal casinos find a new clientele during the pandemic

Grant Eve Tribal Gaming comment
Casino Review caught up with Grant Eve, a partner at Wipfli, to take a look at some of the findings and best practice identified in the 2020 edition of the accounting and consulting firm’s Indian Gaming Cost of Doing Business Report. Following a tumultuous 12 months, we also discussed the impact of the coronavirus pandemic on the tribal sector and what it might mean for this year’s edition of the report.

Growing sense of deja vu over South Africa market prospects

South Africa, city,
South Africa is once more basking in a sense of early year optimism but it remains to be seen whether positive campaign promises come to fruition or if it is to be same old story. Ministers in South Africa are making all the right sounds regarding a market comeback. Plans to revive the struggling economy are reportedly in place and...

The Rank Group announces directorate change

The Rank Group Plc has announces that Alan Morgan, Managing Director Retail, has tendered his resignation to the board and will be leaving the business on 31 July 2019 to pursue other opportunities. Morgan joined Rank in 2016 to run Mecca’s retail business and progressed to lead the Group’s UK Retail division in 2017. Morgan’s day to day responsibilities will be...

AGEM release March 2019 Index

The AGEM Index decreased in March 2019 by 11.27 points to 452.46 points, a 2.43 percent decline from February 2019. The AGEM Index's March 2019 decline was driven by a 24.70 percent decrease in the stock price of International Game Technology PLC (IGT), which dropped from $17.25 to $12.99. The stock was responsible for 10.37 points of the AGEM Index's...

Betsoft Gaming signs content agreement with River iGaming

Betsoft, Gaming, Content Agreement, Business, River iGaming
Betsoft Gaming has signed a strategic content agreement with multinational, multi-pronged business River iGaming. The agreement covers every Betsoft slot game accredited for the regulated markets in which River iGaming operates – including all marquee titles from the sought-after SLOTS3TM series. Founded in late 2017, River iGaming has had a notable first year. From its headquarters in Malta, the company has...

BetConstruct joins Arsenal as the Official Partner

BetConstruct, Arsenal, Partnership, business
Arsenal has announced a new partnership with BetConstruct, who is joining us as the Official Gaming Software Partner. Founded in 2011, the award-winning developer of gaming and betting technology, has development, sales and service centres around the world. BetConstruct provides an extensive range of products, software and technical solutions for the ever-growing gaming industry. Through the partnership, the firm will look...

Cirsa’s Q3 results boosted by LatAm and Italian business

Cirsa, Q3, result, LatAm, Italian, business
Spain’s largest casino operator, Cirsa Gaming Corporation chalked up an operating profit of €95m for Q3 2018, a 6.7 percent rise year on year. In a statement, the company reported an operating income of €367.3m, an increase of 5.3 percent compared to the same period in 2017. “The group’s performance in the third quarter reinforces the profitable growth it has experienced...

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...