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INSPIRED GAMING A ANNONCÉ QUE GALA CORAL A étendu sa licence Virtual Sports afin d’y inclure également les applications mobiles. Actuellement, Inspired propose Coral avec sept canaux concurrents de Virtual Sports à la vente à la fois au détail et en ligne, correspondant à plus de 3 000 évènements par jour. L’ensemble de ces évènements sera disponible sur Coral Mobile.
DRAGONARA GAMING, L’OPÉRATEUR DU CASINO Dragonara sur l’île méditerranéenne de Malte, a introduit un recours devant les tribunaux locaux contestant la décision octroyant une concession de casino à Eden Leisure. Le mois dernier, Leisure avait annoncé vouloir investir 31 millions d’eu- ros dans des hôtels, des salles de conférences et des casinos dans le cadre de l’aménagement de Bay Arena à Malte.
LA SOCIÉTÉ NOVOMATIC GROUP OF COMPANIESAFAIT l’acquisition d’une société locale de distribution, Elam, dans le cadre de son plan d’expansion aux Pays-Bas. L’acquisition du groupe Elam fait suite à celle des sociétés néerlandaises : Eurocoin Gaming, JVH gaming products, JVH Exploitatie, Pierre de Jonge et Loontjens Automaten.
UNE MAJORITÉ DE 97% DES ACTIONNAIRES DE GTECH a approuvé la reprise d’IGT par le groupe de loterie italien. GTECH et IGT fusionneront pour former une nouvelle société holding, Georgia Worldwide, dont le siège sera en Grande-Bretagne.
LE CEO DU GROUPE TCSJOHNHUXLEY, CATH BURNS,A quitté l’entreprise le 21 novembre 2014. Tristan Sjöberg, Président exécutif de TCSJohnHuxley assure la direction de la société par intérim.
MGM RESORTS INTERNATIONAL A BÉNÉFICIÉ D’UN vote à l’unanimité de la commission des jeux de hasard du Massachusetts (MGC) accordant officiellement à MGM Springfield une licence pour exploiter un resort casino au cen- tre-ville de Springfield.
IL A ÉTÉ CONFIRMÉ QUE LOTO-QUÉBEC DU CANADA avait vendu sa participation de 35% dans Joa Casino, amortis- sant effectivement son investissement de 100 millions de dol- lars US dans le groupe français de casinos.
LE PARTI LIBÉRAL DÉMOCRATE, AU POUVOIR AU Japon, a finalement abandonnée l’idée d’adopter une loi régis- sant les casinos au cours de la session parlementaires actuelle, portant un coup important à la stratégie de croissance du pre- mier ministre Shinzo Abe visant à permettre à des casinos d’ou- vrir avant les jeux olympiques de 2020 à Tokyo. La décision a été prise le 7 novembre avec l’opposition de certains membres du partenaire de coalition minoritaire Komeito concernant ce délai.
MGM CHINA REPOUSSE LA DATE D’OUVERTURE DE son MGM Cotai au coût de 2,6 milliards de dollars US de début 2016 à l’automne 2016. Le projet Cotai prévoit 1 600 chambre d’hôtel, 2 500 machines à sous et jusqu’à 500 tables de jeu.
LE GOUVERNEMENT DU VANUATU, UN ARCHIPEL EN Océanie situé dans le Pacifique sud, a accordé une licence de jeu de dix ans pour un nouvel hôtel six étoiles et un casino.
2 8 LOTO-QUEBEC TAKES US$100M HIT
Canadian lottery company, Loto-Quebec, has taken a massive hit on its investment in France’s Joa Group Canada - Operations
It’s been confirmed that Canada’s Loto-Quebec has sold its 35 per cent stake in Joa Casino, effec- tively writing off its US$100m investment in the French casino group. Earlier this year Loto- Quebec, the government agency that develops and operates lotteries in the province of Quebec, explained that its shares in the French JOA Group (formerly Moliflor) were effectively worthless.
Having invested in Joa Group in 2005 as part of expansion plans in France, Loto-Quebec’s invest- ment has dwindled to nothing in a market struck by the recession and the effects of the smoking ban. Between 2009 and 2012, Loto-Québec con- ducted a write off of $120.5 million of its invest- ment in JOA Group whose finances as of 2014 put
US The Association of Gaming Equipment Manufacturers (AGEM) Board of Directors has approved the membership applications of eight new companies, bringing the trade group comprised of the world’s leading gaming suppliers to a total of 145 members, an all-time high. The new AGEM members are: Abbott Law Chartered, a law firm based in Las Vegas; Catapult Global, a component supplier based in Illinois; DEQ Systems, a table games company based in Quebec; FBM, with offices in Mexico City and other global locations; HT Precision Technologies, based in Illinois and which recently purchased the assets of Wells-Gardner’s LCD business; Legacy Electronics, based in South Dakota; Olsen Gaming, Nevada-based progressive jackpot and bonus provider; and Touch Dynamic, a touchscreen supplier from New Jersey.
the company in debt by US$631m with profit falls of 10 per cent in the last 12 months. As of March 31, 2014, Loto-Quebec’s interests of the corporation were subsequently declared worthless.
“You know that this investment has not yielded the expected results and the value of the investment was zero. It seemed that in the circumstances it was the best deal to give our share to new buyers,” said Loto-Quebec’s Director of Communications, Jean-Pierre Roy. “Nine years later, we must realise that this investment has not fulfilled its promises.”
This does not mark the end for Loto-Québec in France. The corporation retains interests in two casinos, one of which will open next year. Loto- Quebec retains 35 per cent of its shares in two casinos, with contracted loans of $7.9m related to these facilities. One of them, Seyne-sur-Mer, opened its doors last year and is profitable accord- ing to Mr. Roy. The other Giffaumont-Lac du Der, will launch its operations next year and will hope to turn a profit quickly.
Brookfield pulls out of bid to reopen the shuttered Revel
NEW JERSEY Brookfield Asset Management, the Toronto-based asset management firm that owns the Hard Rock Hotel & Casino in Las Vegas and the Atlantis Island casino in the Bahamas, has pulled out of a deal to purchase the Revel Casino- Hotel for $110m. Earlier this month Brookfield announced that it would be spending US$200m to refit and open the shuttered casi- no, but did not give a specific date aside from confirming that it would be opening the doors some time in 2015.
Brookfield has, however, made a surprise announcement, confirm- ing that it is walking away from the project, explaining that bond- holders have refused to rework debt connected to construction of Revel’s power plant.
Glenn Straub, the Florida develop- er whose US$95.4m bid for Revel was rejected and who was pursu- ing an appeal after a bitter bank- ruptcy auction, has said that he believes his appeal challenging the
auction was behind Brookfield’s decision to balk. Brookfield had planned to run a casino-hotel at the Revel property, which cost $2.4 billion to build. Mr. Straub, however, has said that he would have a casino at the site, but gam- ing wouldn’t be the main draw.
What appears to be the real crux of the matter is the power plant constructed to supply energy to the mega-casino. The Inlet District Energy Center, which sits adjacent to the casino, remained a millstone for the resort even after Revel closed in early September.
After spending about $42m to build the plant, Revel turned to ACR Energy Partners LLC to finish the job. ACR did that with about $158 million in financing, some of which was also used to repay Revel’s initial investment. Under Revel’s 20-year energy deal with ACR, Revel agreed to pay back the construction costs with interest, saddling Revel with more than $1.5m in monthly power-plant financing fees.
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