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Posted on May 18, 2022 by Cory - Other

The Mashantucket Pequot Tribal Nation of Connecticut announced the launch of an online gaming company on Wednesday. Wondr Nation, formerly Mashantucket Pequot Interactive, will partner with gaming platforms to capitalize on emerging technologies and trends.

Wondr Nation will focus on expanding the tribe's digital footprint while continuing to partner with other Native American tribes and tech companies to provide unique experiences for players.

Annika Howard, an industry veteran who has worked at Foxwoods Resort Casinos, International Gaming Technology and Caesars Entertainment, will serve as Wondr Nation's first CEO.

"I am honored and proud that the Mashantucket Pequot Tribal Nation has entrusted me with leading this new venture," said Wondr Nation, president and CEO of Foxwoods Resort Casinos. "With Wondr Nation, we look forward to bringing a fresh approach to the next evolution of the gaming industry.

Wondr Nation operates Foxwoods' social casino, FoxwoodsONLINE. Wondr Nation also works with DraftKings to co-manage Foxwoods' online gaming and sports betting in Connecticut.

"The gaming and entertainment industry is evolving at an incredible pace, and we are excited to provide our players with innovative new opportunities," said Jason Guyot, president and CEO of Foxwoods Resort Casinos. "Wondr Nation will provide our guests with the interactive gaming experience Foxwoods is known for, along with the flexibility and access that modern players require.

Wondr Nation will continue the Mashantucket Pequot Tribal Nation's efforts to partner with local organizations and educational institutions to develop programs and resources that nurture tribal and local talent and expertise in emerging technologies.

"The Mashantucket Pequot Tribal Nation has always supported innovation and empowerment. From lawyers and regulators to community members and patrons, we are deeply grateful and honored to continue sharing the tribe's ongoing passion for entertainment through the next frontier of interactive gaming."

Scientific Games' Stephen Richardson Joins NTSC's Board of Directors

Posted on May 18, 2022 by Cory - Other

Scientific Games announced on Wednesday that Stephen Richardson's Supreme General Compliance Director has been appointed director of the US Technology Security Union.

Richardson has 28 years of experience in the security field, including working at the FBI and Tennessee State Investigation Bureau. The FBI has developed and implemented a strategy and procedure for identifying crimes and cyber threats related to financial crimes, overseas corruption, money laundering, and fraudulent finance.

"According to NTSC Secretar y-General Patrick Gaulle," Steve has a huge number of experiences, a supervision of cyber security in scientific games, and as a senior security leader in the FBI. "I have a wide range of knowledge and positions on Cyber Security, Cyber Forgick, and National Land Security in Federal and Private Companies. I am honored to be able to do it, and I look forward to his insights on the cyber security policy of the country.

Richardson joined Scientific Games in 2918 as the highest compliance officer and promoted the highest management and compliance in 2021. His responsibilities include information security, information technology, compliance, personnel, and internal audits.

"CEO, a CEO of Scientific Games Games, is a statement," Celebrates that Steve has been appointed as a respected director of the National Technology Security Coalition. "Steve is a potential risk Experienced leaders, our employees, and their customers, who are inexperienced in managing the risk management efforts, such as identifying and reducing the company, the reduction of the company, and the deployment of resources. I am lucky.

Richardson is in NTSC with the highest information officer (CIO) in various industries (CIO), including finance, communication, food and beverages, health care, and telecommunications. NTSC proposes beneficial legislative and regulatory policies, promotes dialogue on cyber security issues, laws, and regulations through proposal activities with parliamentary members, CISO policy discussions in each region, and unique national CISO policy meetings. 。

MGM Resorts takes over the Cosmopolitan Las Vegas to seek young people

Posted: May 17, 2022 Author: Cory - Others

MGM Resorts International has officially taken over the operation of The Cosmopolitan of Las Vegas on Tuesday, and has set up a stage for Millennials and young visitors to a lot of brands.

This is part of a large transaction of $ 5. 65 billion, in which investors own real estate and MGM pays $ 200 million per year with a 3 0-year contract.

"This is a big event for the Company and Las Vegas Strip," said MGM Resorts Bill Hornbuckle CEO. "Cosmopolitan of Las Vegas has already established a symbolic brand, fulfilling experience, and a faithful customer base, as one of the best resorts in the strip area. For Cosmopolitan of Las Vegas, MGM. I am looking forward to providing enriched amenities and other benefits unique to resorts. "

The MGM will take over 3, 000 rooms open in December 2010, one year after the adjacent city center and Aria Resort & Casino opened. It is sandwiched between Bellagio in the north and city center in the south.

"Casino consultant Brendan Busmann (B Global's Managing Partner) said," Most of the average tourists are COSMO part of CITYCENTER, not independent facilities. "MGM Resorts. In the future, we intend to completely integrate the facilities of Bellagio, City Center campuses, and larger strip facilities, and have guests enjoy another facility in the portfolio.

This is a response to the MGM executive of the importance of adding cosmo to their properties.

"This is a niche market that we don't always have," said Hornbuckle. "There are many young people and the amount of consumption at retail stores is high. This contract will be positive for not only Cosmopolitan but also the whole desultation of Las Vegas.

According to MGM, Cosmopolitan produced $ 1. 1 billion pure income and $ 416 million for 12 months until March 31.

Josh Swissman, a casino consultant, a partner of The Strategy Organization, agreed that it was a great asset that the MGM was added to the portfolio, especially in the city center and Baggio. Especially because the city center and the Belagio are near.

"The other big benefit is that the Cosmo is a really cool property and does a great job of attracting a younger, high-spending demographic. MGM has a few properties that attract that demographic, but none that seem to attract a younger demographic than the Cosmopolitan. So it's a big feather in the cap for MGM."

The benefits are not just the usual ones, like savings in purchasing power and consolidation of back-office functions, but also the benefit of linking the Cosmo to MGM's loyalty program, Swissman says.

"I think what MGM is thinking is to increase the share of wallet that Cosmo guests generate by cross-marketing amenities at their other properties on the Strip," Swissman says. "The Cosmo was a one-owner hotel, so when someone left, they lost wallet share. Now that MGM owns it, they're going to do everything to incentivize those people to visit their other resort properties."

MGM COO Corey Sanders said integrating the Cosmo rewards program with MGM will take time, but customers of both brands will benefit. Cosmo customers will have access to MGM amenities, showrooms, arena and Shadow Creek golf course. MGM customers will be able to pursue Cosmo amenities, including the 3, 200-seat Chelsea concert venue, Sanders said. "I think it's exciting for both of our customer bases," Sanders said.

After all, attracting mid-20s to 30s (millennials are 26 to 41 years old) is important for MGM, and MGM hasn't had much success attracting millennials, Swissman said. While Cosmo guests gamble, they are also drawn to the hotel's food and beverage offerings, which are different from other hotels on the Strip. Cosmo has 26 trending food and beverage menus, and has introduced 19 new concepts in the past four years. "Cosmo is an eclectic, fun, young-targeted food and beverage pioneer," says Swissman. "Others have tried to copy what Cosmo did, but I don't think they've done it at the same level. Cosmo attracts a young crowd, not just from Southern California, but from all over the world. They're not driven by gambling, they're driven by food and nightlife. This young, hippy crowd is willing to spend more for a drink at a nightclub or a high-end steakhouse."

Swissman highlighted restaurants like STK, a steakhouse that offers music and entertainment in addition to food; China Poblano, a restaurant by celebrity chef Jose Andres; and tapas spot Jaleo; and Superfrico, a branded Italian-American psychedelic restaurant inside a Las Vegas house party. All of this fits into the irreverent branding that has been around since the grand opening, Swissman says: "Just the Right Amount of Wrong."

This irreverent food and beverage offering helped put Cosmo on the map early on and maintain its status as the resort of choice for Las Vegas visitors."

Pool entertainment also became popular after the resort opened. The Marquee nightclub and dayclub attract DJs from around the world. Cosmo has a compact, 110, 000-square-foot podium-style gaming floor, with dining options on the second and third floors.

"Making the Cosmo feel like a special place, even in such a small footprint on the Las Vegas Strip, is another smart move," Swissman said. "Their irreverent brand positioning was often copied, but never with great success."

As it enters its next chapter on the Strip, Bassman said it's important to preserve the Cosmo's continued resilience as part of the MGM Resorts portfolio. It's a property that weathered the Great Recession and stood on its own island for more than a decade, he said.

The Cosmopolitan has had its ups and downs since it was first developed under David Friedman before becoming part of the MGM Resorts family. "The Cosmopolitan was a microcosm of the challenges the economy faced during that time. The hotel is selling itself as something out of the ordinary, and hopefully it will continue to do so in the future."

MGM Resorts announced that it acquired The Cosmopolitan real estate assets through Stonepeak, Cherng Family Trust and Blackstone Real Estate Income Trust, Inc. MGM Resorts will pay initial annual rent of $200 million, with rent increases of 2 percent per year for the first 15 years and escalating at the greater of 2 percent or CPI increases (capped at 3 percent) thereafter.

Cosmo will remain part of Marriott International's Autograph Collection and will have access to Marriott's reservation and rewards system. The existing William Hill Sportsbook will transition to BetMGM Sportsbook sometime this summer.

Rite & Wonder Exhibits at Investor Day

Posted on May 17, 2022 by Cory - Other

Posted: May 17, 2022 Author: Cory - Others

Rite & Wonder executives outlined their business plan through 2025, with goals including growing adjusted cash flow at a compound annual growth rate of 17%. The company intends to convert 45% of earnings before interest, taxes, depreciation and amortization into free cash flow and have a cash reserve of $10 billion "including completed and pending asset divestitures."

More importantly for the Jefferies analyst, Light & Wonder's boss has laid out a strategy to capture market share in both terrestrial and digital gaming, which he finds convincing. "Notably, the company has a team of people who have been successful in the past, which gives it added credibility."

Furthermore, according to CEO Matt Wilson, Light & Wonder's economic position is protected by an "economic moat." These include the highly regulated casino industry, the importance of long-term customer relationships, a limited pool of top talent, and the long lead times and capital investments that come with successful game development. Using a PowerPoint slide depicting a Chinese dragon, Wilson predicted that the game maker's addressable market size until the economy fully recovers is $7 billion, with 80% of that coming from North America.

As of 2019, Light & Wonder (then Scientific Games) had 50% of the table games market, 40% of game systems, and 20% each of game leasing and outright sales. At the time, the company was "decentralized and structured by geography" and wasn't building the right games for the right markets, according to Wilson's presentation. Today, R& D spending is increasingly disciplined and is growing by 12%, Wilson said.

Light & Wonder may be more centralized, but it has three headquarters and offices in Las Vegas, Chicago and Australia, headed by Roger Snow, Michael Mastropietro and Qin You, respectively. Among the accomplishments highlighted by executives were a doubling of sales in Australia and the fact that Light & Wonder put 3, 400 slot machines into operation in North America in the first quarter of this year alone, positioning it to capture a larger share of the key slot replacement cycle.

In terms of gaming, Light & Wonder highlighted its content platform, which includes rival International Gaming Technology and development partners such as operators including BetMGM, DraftKings and FanDuel. The company predicted that the internet gambling market will reach $27 billion by 2025 and said it was "positioned to capture a significant share" of that market, including Canadian provinces and the UK. In the latter, Light & Wonder executives boasted that they have a quarter of the market and are betting three times the average bet amount. Domestically, the company had a $4 billion market cap last year, with total gaming revenues twice that of online sports betting operators.

Right now, Light & Wonder says it reaches 13% of the U. S. population, and if you combine the EU, the U. K. and half of the U. S., that market cap could grow to more than $23 billion. Executives said the company has 16 of the top 20 online casino games in the U. S., including the top grossing game (88 Fortunes) and the biggest game launch (Hurricane Horse Coin Combo).

On leverage, executives showed a dramatic chart, showing that debt has been reduced from $8. 3 billion a year ago to $3. 3 billion now, and will be reduced further once the sale of the sports betting division is completed. The company also set aside $750 million for share buybacks, consuming $147 million of that and selling 2. 5 million shares off the market.

Justice Department sues to force Steve Wynn to register as Chinese agent

WASHINGTON (AP) -- The Justice Department sued Tuesday to force longtime Las Vegas casino mogul Steve Wynn to register as a foreign agent for lobbying at the Chinese government's request during the Trump administration.

The department said it had repeatedly recommended Wynn register under the Foreign Agents Registration Act (FARA) over the past four years, but that Wynn's refusal to do so led to the lawsuit.

The Justice Department has stepped up efforts to criminally prosecute people who are not registered as foreign agents, but officials described the case as the first of its kind in more than 30 years.

"When a foreign government uses Americans as agents to influence domestic policy decisions in the United States, FARA gives the American people the right to know," Assistant Attorney General Matthew Olsen, head of the Justice Department's national security division, said in a statement.

A department spokesman declined to comment on why the department pursued the lawsuit rather than criminal charges.

Wynn's lawyers said Tuesday they would fight the case.

"Steve Wynn has never acted as an agent of the Chinese government and was not required to register under the Foreign Agents Registration Act," attorneys Reid Weingarten and Brian Heberlig said in a statement. "We respectfully disagree with the Department of Justice's legal interpretation of FARA and look forward to proving our case in court.

According to the lawsuit, Wynn, who was accused of sexual misconduct by multiple women and stepped down from his company, Wynn Resorts, in 2018, ordered the removal from the U. S. of Chinese nationals who were facing corruption charges in China and seeking political asylum in the U. S. He allegedly spent months lobbying then-President Donald Trump and members of his administration in 2017. The effort to get the man removed from the U. S. ultimately failed.

The complaint says the lobbying was on behalf of Chinese government officials, including then-Vice Minister of Public Security Sun Lijun, who asked for Wynn's cooperation in trying to get the Chinese national to reject new visa applications.

The lobbying also included dinners and phone conversations with Trump, who apparently visited the White House multiple times for unscheduled meetings to discuss the issue.

The complaint says Wynn was motivated to protect his business interests in China. At the time, his company was operating casinos in the Chinese territory of Macau. According to the Justice Department, the Macau government was limiting the number of gaming tables and machines Wynn's casinos could operate, and he was set to renegotiate his casino operating license in 2019.

FARA was enacted in 1938 to reveal the Nazi propaganda in the United States, and obligates the Ministry of Justice to make, lobbying, and public relations in the United States for foreign governments and political organizations. I am.

According to the complaint, Win claims that Trump and the Republican Fundriters, a wel l-renowned funding, Elliott Broyidi. In 2020, he acknowledged the tricks of the Malaysian stat e-owned investment fund for billions of dollars in the Trump administration, and recognized that they were guilty of the United States and returned to the United States. He said he played a role in a secret lobby activity to arrange.

Broyidi was later pardon by Trump at the end of the administration.

The opposition was not named by prosecutors, but matched the description of Bunkei Guo. During the ant i-corruption, led by President Xi Jinping, Guo left China in 2014. The Chinese authorities have accused Guo for rape, kidnapping, and bribery, and is seeking to return to the exile.

Gaming income, Pennsylvania, exceeds $ 460 million for 2 consecutive months

Posted: May 17, 2022 Author: Cory - Others

PGCB's Doug Harback Public Relations said that the increase in March and April was due to two factors after the declining sales for three consecutive months.

"The casino that has opened in the past two years has mature the market and offers more regional gaming opportunities, so the players feel comfortable to use the growing Igaming options." HARBACH writes in email.

In April 2021, $ 92. 7 million, the Igaming income in April reached $ 113. 1 million, increasing by 22 %.

Hollywood Casino at Penn National in Grantville reported total revenue of $65. 6 million, up 22. 5% from April 2021, leading all brick-and-mortar casinos in the state. Valley Forge Casino Resort in King of Prussia increased 53. 8% from a year ago to $57. 4 million. Parx Casino reported a 9. 3% decrease in revenue, but still brought in $57. 1 million, the third-highest gaming revenue in the commonwealth.

Statewide, April slot revenue was $217. 9 million, up 8. 2% from the same month last year. Parx Casino's slot revenue was $35. 8 million, dow n-4. 78% from April 2021. Wind Creek Bethlehem's $25 million and Rivers Casino Pittsburgh's $23. 8 million rounded out the top three slot revenues.

Hollywood Casino at Penn National led the way in gaming revenue with $45. 2 million, followed by Rivers Casino Philadelphia with $28. 8 million and Valley Forge Casino Resort with $21. 5 million.

Total sports betting volume in April was $572. 8 million and revenue was $33. 6 million. Valley Forge continued its long run of having the highest volume in the state with $228. 2 million in volume and $22. 8 million in revenue, accounting for nearly two-thirds of all sports betting revenue in April. Hollywood Casino at the Meadows had volume of $120. 4 million and revenue of $3. 5 million. Hollywood Casino Morgantown had volume of $66. 4 million but only $40, 200 in revenue.

Correction: Saracen Casino launches mobile sports betting with Global Payments

Posted: May 17, 2022 by Cory - Other

Posted: May 17, 2022 Author: Cory - Others

Global Payments Gaming Solutions announced Tuesday that its sports betting app will be introduced by Saracen Casino Resort in Pine Bluff, Arkansas, as BetSaracen. Mobile sports betting became legal in Arkansas in February 2022.

"As we enter the mobile gaming space, we wanted to provide the best gaming experience," said Carlton Saffa, CMO of Saracen Casino Resort. "Global Payment's iGaming solutions allow us to offer our customers a wide range of games and payment options.

The Global Payments Igaments Igaming Solution allows casinos to connect online and actual stores using a mult i-channel approach. Global Payments' VIP LightSpeed platform enhances funding and drawers for wigming, and VIP Preferred e-check network allows users to access funds from their current deposit account.

"Global PayMents Gaming Solutions is working to provide users from any location," said Christopher Justice, President of Global Payments Gaming Solutions. "I'm happy to be able to cooperate with Sarasen Casino Resort.

Sarasen Casino Resort is the first independent casino in Arkansas, opened in 2019, with 2, 300 slot machines and about 40, 000 table games.

The casino in New Jersey exceeds the earning level before the pandemic in April

Posted on May 16, 2022 by Cor y-Others

Atlantic City, New Jersey (AP) -New Jersey Casino, racetrack that provides sports betting, and both gambling online partners won $ 422 million from Gamblers in April, increasing by 20 % from the same month last year. That was revealed by the numbers announced on Monday.

And the earned revenue from the casino's core business, which is a core gambler, exceeds the level of April 2019 before the occurrence of Coronovirus, and is struggling to recover from the level before the pandemic. It was a reassuring indicator for the type casino industry.

This number does not include the prize money acquired by the racetrack in horse racing.

According to Jane Boknevich, director of the Lloyd Rebenson Research Institute of Stockton University, who is studying Atlantic City's Gambling Market, "Atlantic City Casino managers are generally recovered." He said. "While COVID is still a concern, the masses are returning to pandemic, such as participating in large gatherings, increasing their travels, dating friends.

According to a number announced by New Jersey Division of Gaming EnforceMent, the total amount obtained by nine casinos from fac e-t o-face gamblers in April was $ 235 million, up 24 % yea r-o n-year, from the fac e-t o-face customers in April 2019. It exceeded $ 27 million.

Of the individual casinos, five casinos surpassed the total of April 2019, but the four casinos pulled it away. However, in April 2022, Saturdays were one day from April 2019, which accounted for some of the profits.

Many of the increase were caused by two latest casinos, hard rock and ocean, as so in recent years.

Volgata won $ 61. 6 million in April, increasing by nearly 60 % since the previous year, due to pandemic business restrictions. Hard rock was second in $ 40. 5 million, up 15 % yea r-o n-year, Ocean increased by 18. 5 % to $ 26. 2 million, and Harraz increased by nearly 12 % to $ 23. 1 million.

Tropicana increased by 17 % yea r-o n-year, Caesers increased by 7 % to $ 20. 1 million, Vryze increased by 31 % to $ 14. 4 million, resorts up 10. 5 % to $ 14. 3 million, and Golden Nuggets increased 12 % to 1, 230. $ 10, 000.

Hard Rock's President Joe Lupo pointed out that his casino was the largest increase in sales compared to April 2019.

"Watching the market is rising will be encouraging to move forward for the busy summer season," Lupo said.

In April, Internet gambling income was $ 136. 8 million, up 27 % yea r-o n-year, up $ 100 million in April 2019.

The casino and the racetrack played a sports gambling worth about $ 927 million in April. Among them, $ 50. 3 million was secured as revenue.

However, casino executives may be misleading the income of sports betting and Internet gambling reported by the state, and 70 % of them must be sent to thir d-party partners such as IT partners and sportsbooks. I will point out.

For the first four months in 2022, the sales of casinos, racetrack gambling, and sports betting as a whole were $ 1. 6 billion. During this period, the amount of fac e-t o-face casino revenue was $ 848 million.

Follow Waine Parry's Twitter (www. twitter. com/Wayneparryac).

Gaming income, Pennsylvania, exceeds $ 460 million for 2 consecutive months

Posted: May 16, 2022 Author: Cory - Others

The Gambling Office, the Gambling of North Dakota, has confirmed that gas stations and convenience stores have sold and offer alcoholic beverages and are "disguised" as bars.

Wrigley and North Dakota's top gambling regulator, Deb McDaniel, said the rule change is intended to clarify and maintain the Legislature's intent in defining a bar as a "retail alcoholic beverage establishment where alcoholic beverages are dispensed and consumed."

The revised language clarifies that bars do not include gas stations, liquor stores, grocery stores or convenience stores. Bars inside hotels, bowling alleys and restaurants can also have machines if they follow the new definition.

The North Dakota Gaming Commission is scheduled to meet at the state Capitol on Thursday to discuss the proposed changes and accept public comments.

McDaniel said she expects heavy lobbying from the gambling industry to expand gaming.

"I still believe we'll see this in the next legislative session," McDaniel said. "It's up to the Legislature to decide whether to put them in gas stations."

Lawmakers approved the games in 2017, but they didn't launch until August 2018. There are now more than 4, 100 installed in 770 locations across the state. Sioux County, where the Standing Rock Sioux Tribe's casino is located on the reservation, is the only county of the state's 53 without the games, McDaniel said.

North Dakotans pumped more than $1. 3 billion into e-pull tab machines in fiscal year 2021.

In fiscal year 2022, which ends June 30, gamblers are on track to gamble $1. 8 billion on the machines, McDaniel said.

The North Dakota Treasury took in more than $25. 5 million in gambling taxes last fiscal year.

Charities distributed an estimated $130 million last year and will spend $1. 5 billion in 2020. That's up from about $95 million in the previous fiscal year. The money funds everything from youth sports to programs for the poor.

But the game's widespread popularity has raised concerns about its impact on gambling addiction and American Indian casinos.

Last year, the North Dakota Legislature required e-pull tabs and other charitable gambling to contribute $40, 000 a year to gambling treatment programs. Previously, the state only received about $320, 000 a year in funding from the state lottery.

Lawmakers also provided funding for seven additional state government positions to regulate the game.

McDaniel said that if a machine was installed in a place other than a conventional bar, he had to hire more supervisors.

"At least five will be needed."

According to McDaniel, most of the five American Indian settlements in North Dakota are influenced by E-Pulltab. According to her, the settlement of settlements seems to have decreased by more than 60 % because of the game. The tribes are not obliged to disclose profits.

According to tribal leaders, casinos provide funds to many social programs and are usually the best employers in settlements.

The tribal leader promoted the bills that restrict the number of e-pull tab machines and other bills that look like slot machines have failed in the Republican parliamentary parliament last year.

Hard Rock Atlantic City has announced Auggly Cipollini as a senior vise president in charge.

Posted: May 16, 2022 Author: Cory - Others

"I have been able to work with Aggy for about 20 years," said Joe Lupo, President of Hard Rock Atlantic City. It will have a strong impact and will continue to support the success of hard rock in Atlantic City.

Chipolini used to be IT, HR, security and monitoring, customer care, profit management, brand standards, labor analysis, gaming, eating and drinking, global social responsibility, Daer Knight. I was in charge of life. Before that, he was the president of seminol hard rock hotel and casino Hollywood.

Chipolini started his career in Harraz Atlantic City in 1984 and served various financial accounting, reports and managers. In 1993, he moved to the southern central part, opened two casinos in Tunica, Missouri, and returned to the Harraz Atlantic City in 1998 and served as a casino controller. Chipolini also served as a senior vice president of Borgata.

Chipolini, a certified public accountant (no n-activity), has acquired an accounting science at the University of Widener, and is now a director of the Shoore Medical Center of New Jersey, New Jersey, and leadership / development committee, auditing and compliance. He is a committee member of the Committee and the Financial Committee.