MGM Resorts to Make Debut in Middle East EMEA
MGM Resorts’ new development in Dubai marks debut of iconic MGM and Bellagio brands in the Middle East region
Dubai-based wasl Hospitality and Leisure, a subsidiary of wasl Asset Management Group has selected MGM Hospitality
DUBAI HOTEL DEVELOPMENT
AUSTRIA – It is believed that the Austrian gaming technology group NOVOMATIC is exploring an initial public offering that could value the company at more than €6bn ($6.3bn). The listing of one of the world’s largest makers and operators of gaming equipment and casino management systems would most likely take place in London, according to news sources. Novomatic’s owners have renewed request to banks to pitch for roles in the listing, which could take place as early as later this year.
Novomatic, owned by the family of its billionaire founder Johann Graf, had revenues of over €4bn in 2016. It reported earnings before interest, tax, depreciation and amortisation of €287m in the first half of last year and employs 28,000 people in 50 countries.
A sale of a minority stake to a private equity group is also a possibility that Novomatic’s family owners are believed to be considering, adding that Asian gambling groups would be likely to show interest in the company. “We have been active with bonds in capital markets for many years and evaluate different financing options. There are currently no concrete decisions regarding other financing projects,” a Novomatic spokesman said.
CZECH REPUBLIC – IGT has announced that American Chance Casinos in the Czech Republic will feature IGT CrystalDual cabinets and content at Casino Route 55 and Casino Route 59, and the CrystalSlant and content at Casino Ceska Kubice.
“We are very pleased to introduce a multigame selection of some of IGT’s strongest-performing titles to the Czech Republic,” said Colin Stewart, American Chance Casinos Director of Casino Operations. “By featuring the CrystalDual and CrystalSlant cabinets at our properties, we are enhancing the appearance of our casino floors while offering players the latest technology.”
“IGT’s re-entry into the Czech Republic casino market represents an important step in our international market expansion efforts. We spent considerable time and effort to ensure that we provided American Chance Casinos with top- performing games and cabinets to satisfy and exceed the expectations of players while solidifying our presence in the market,” said Walter Bugno, IGT CEO International.
As part of its agreement with IGT, American Chance Casinos maintains one-year exclusivity in the Czech Republic for the CrystalDual and CrystalSlant cabinets and a nine-theme multigame suite including top-performing themes such as Golden Egypt, Ocean Magic and longtime player-favorites Golden Goddess and Shadow of the Panther.
P20 NEWSWIRE / INTERACTIVE /
247.COM
Dubai-based wasl Hospitality and Leisure, a subsidiary of wasl Asset Management Group has selected MGM Hospitality to advise on the development of a premier destination resort in Dubai and to operate the resort when completed. Whilst it won’t contain a casino, MGM Resorts’ new development in Dubai marks debut of iconic MGM and Bellagio brands in the Middle East region.
Te 26-acre prime beachfront development, which will feature an MGM Hotel, MGM Residences and a Bellagio Hotel, will mark the debut of the iconic MGM and Bellagio brand names in the Middle East region. A luxurious sanctuary on magnificent Jumeirah Beach set apart from the bustle of Dubai, the integrated resort will be an entertainment destination of the future, featuring a wide spectrum of activities for all ages.
“We are excited and honored by the opportunity to introduce our incredible brands in one of the world’s fastest growing tourist destinations. Tis marks the first time we will offer multiple MGM luxury brands at a prime beachfront location,” said Bill Hornbuckle, President of MGM Resorts. “Tis agreement, which makes us the development advisor and operator, reflects our commitment to remaining disciplined and focused in our investments while continuing to
EGT Interactive Inks a Strategic Partnership with Olympic Group
Estonia
EGT Interactive has announced that it has signed an agreement with Olympic Entertainment Group (OEG). Te agreement will see EGT Interactive’s widely popular online games, which power some of the world's top casino operators, featured at the OEG’s online gaming websites, on desktop, tablet and mobile including
Olybet.com.
Todor Zahariev, Managing Director in EGT Interactive, said: “We are thrilled to have signed a contract with OEG, a leading provider of gaming services in the Eastern Europe and Baltic States particular. Our games are now available
advance our brand of entertainment resorts in markets around the world.”
Hesham Al Qassim, CEO of wasl Asset Management Group commented: “wasl is proud to be working in partnership with such an internationally acclaimed hotel and resort operator; it is a major milestone and we are very excited to be bringing MGM Resorts on our journey to making Dubai the world’s best city to visit, work and live in.
“Te collaboration also fulfils wasl’s mandate to attract global hospitality players to Dubai, where we are constantly striving to raise the bar in the city by offering tourists, residents and visitors ever more sensational hospitality and entertainment experiences.”
As part of the two million square-foot development, more than a half-million square feet will feature a dazzling theater, an exciting mix of culinary venues ranging from gourmet to casual dining, specialty retail shops, traditional and interactive museums, a sprawling beach club and thrilling adventure zones for both adults and children. Te new property will include 1,000 rooms and feature 10 villas and will occupy the longest stretch of waterfront ever developed in Dubai serving as the “anchor” of the expansive beach.
in OEG’s interactive platform
Olybet.com across the online estate in Estonia, Latvia and Lithuania. A wide range of EGT Interactive's games, including Burning Hot, Rise of RA, Grace of Cleopatra, are now in reach of tens of thousands of new online players in these countries.”
Veiko Krünberg, Managing Director of Online Operations and Sports Betting at OEG, commented: “Operating a largest gaming business in the Baltics, in land-based and online, we are constantly in consideration of ways in leveraging that position even further. Introducing EGT’s portfolio of popular landbased titles into Olybet’s online offering will give us another opportunity in closing in to a full-service solution for our customers across the verticals.”
Malta
EveryMatrix has launched MoneyMatrix, its new MFSA Licensed PCI Certified, Payment Service Provider specialising in Payment Processing and Risk Management within the gambling industry. MoneyMatrix has been developed to respond to iGaming operators’ needs, offering card and alternative payment solutions, risk management and KYC services through a single integration. “Our brand-new payment processing company encompasses new technologies and security protocols to keep customer financial details safe, and we are proud to offer this product to our clients. MoneyMatrix is probably one of our company’s biggest investments, a bet we expect to win.” said Ebbe Groes, EveryMatrix CEO.
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