News INTERNATIONAL UPDATE Genting waltzes on the Strip
The world’s largest casino group, Genting, is to acquire the Echelon Casino in Vegas
In a move that few expected, Genting group has entered the Las Vegas strip casino market having bought the stalled Echelon site from Boyd Gaming for $350m in cash. Genting said it will transform the unfinished project into Resorts World Las Vegas, starting work in 2014, and opening in 2016 with 3,500 hotel rooms, a convention centre and a 4,000-seat theatre.
CEO KT Lim said: “This is an unparalleled opportunity to showcase what has made the Resorts World brand a globally recognised success for the past several decades. Genting intends to undertake the development, either singly or jointly with other parties, and will announce the details of the development plans in due course. The land has approximately 1,523 feet of frontage on the Las Vegas Strip and is zoned as H-1, which allows for the development of gaming enterprises, compatible commercial and mixed commercial/residential uses. It also lies entirely within the gaming enterprise district, which allows for an application for a non-restricted gaming license and permitted gaming throughout the site.”
Genting’s plans in Las Vegas are believed to include bronze and gold-hued glass towers alongside Asian-style red pagodas, lagoons and fountains. The Malaysian group has found itself cash rich through its operations in Malaysia, Singapore and The Philippines and has been aggressive in its attempts to open a resort casino in Miami. It has a long standing in US gambling market having funded the original development of Foxwoods Indian casino in Connecticut, and having built Resorts World New York in Queens.
Echelon and Fontainebleau had become unfinished monuments of the economy crashing in Las Vegas. The property on the northern end of the Las Vegas Strip should have opened as a mixed-use development complete with 5,000 rooms in six hotels in 2010. The Stardust resort was demolished in 2007 to make way for the $4.8bn project. Few had expected any new projects to be announced in Las Vegas for at least five years. The sale agreement includes both the 87-acre land parcel as well as all improvements to the site, with Boyd Gaming expects to receive approximately $157m in net proceeds from the transaction.
March 2013 PAGE 14
EL GRUPO DE CASINOS ARGENTINO Boldt está uniendo sus fuerzas con Invergaming, la empresa española del sec- tor recreativo, para presentarse a la lic- itación de la licencia operativa en la ciudad de Ovalle, que aún está abierta. El proyecto que han propuesto, Ovalle Casino Resort, mantendría la licencia en Ovalle, a unos 500 km al norte de la capital Santiago donde tenía previsto el desarrollo su benefi- ciario original, Casinos Austria International. CAI renunció a la licencia en marzo de 2012 allanando el camino para la nueva lic- itación.
RANK GAMING SE DISPONE A SEGUIR adelante con la adquisición prevista de su operador rival Gala, tras la aprobación de la operación por parte de la Comisión de Competencia siempre que los casinos de Aberdeen, Stockton-on-Tees, Bristol y Cardiff no se incluyan en el paquete.
WILLIAM HILL HA FIRMADO UN acuerdo con OpenBet que les propor- cionará una licencia de empresa y pleno soporte técnico exclusivo para «Promote», la próxima generación de software de visu- alización de contenido de apuestas de OpenBet.
KT LIM, CEO
Genting Malaysia Berhad.
The first updates of online technical standards by GLI
Gaming Laboratories International (GLI), testing laboratory and technical consultancy, has released a key update to its GLI-19 Interactive Gaming Systems technical standard, the first set of common standards for the technical regulation of iGaming markets.
The new GLI-19 version 2.0 encompasses the best practices in regulated jurisdictions from the US, Canada, and from countries across Europe. It introduces key updates, which address the unique technical considerations of US interactive gaming markets.
As the North American iGaming landscape continues to take shape, regulators from emerging North American markets have expressed the essential need for the standardisation of technical requirements for interactive
gaming systems. GLI has been asked by these regulatory agencies to leverage the lab’s significant experience in the development of technical standards, to assist the industry in their goal of standardisation.
GLI President and CEO James Maida, said: “The library of GLI Standards began nearly 15 years ago, when regulators from emerging gaming jurisdictions asked us to create a technical standard for land- based electronic gaming devices. That technical standard later became known as GLI-11, the most broadly adopted and utilised technical standard in the gaming industry. GLI-19 v2.0 presents a continuation of that idea and assists the industry in creating essential technical standardisation within the North American iGaming market.”
INSPIRED GAMING GROUP HA iniciado el proceso de homologación deportiva virtual en Italia tal como anunció la AAMS en febrero. Inspired ya ha firmado acuerdos de licencias deportivas virtuales con seis destacados operadores italianos: SNAI, Sisal, Eurobet, Intralot, Cogetech y Lottomatica, lo que representa aproxi- madamente el 90 por ciento del mercado de las apuestas de Italia.
EL JUEGO EN CASINO ESTÁ A PUNTO de entrar en el Estado Independiente de Samoa una vez que las autoridades de control del juego han concedido sus primeras dos licencias. Los casinos se con- struirán en Upolu, una pequeña isla en la zona occidental de las Islas de Samoa, en el Océano Pacífico meridional. Las autori- dades han otorgado licencias completas a Aggie Greys Beach Resort y Exhibition Tourism Group, de China.
BALLY TECHNOLOGIES SE DISPONE A llevar a Internet su contenido de tragaper- ras en virtud de un acuerdo con OpenBet que facilitará al público los primeros juegos este mismo mes con el lanzamiento online de títulos como Vegas Hits, Tiger Treasures, Cupid and Psyche y Mayan Treasures.
IGT HA ANUNCIADO QUE IGT CLOUD se pondrá en funcionamiento el próximo mes en 10 establecimientos de Grosvenor Casino. Grosvenor podrá utilizar las fun- ciones de IGT Cloud tanto a nivel local como central, lo que permitirá adoptar decisiones rápidas acerca de las combina- ciones de juegos óptimas, y la potencia de las herramientas analíticas ayudará a incorporar información significativa en aras del rendimiento de los productos.
SHFL ENTERTAINMENT HA ADQUIRIDO ProTec Games, un proveedor de contenidos basados en ordenador para juegos de tra- gaperras de casino, juegos de mesa y videojuegos online. Con sede en Qingdao (China) ProTec seguirá diseñando productos gráficos y desarrollando y probando el soft- ware de las tragaperras y otros productos electrónicos de SHFL.
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