MGM National Harbor Breaks State Record NORTH AMERICA
US – Everi Holdings has appointed accomplished gaming equipment supplier executive, Dean Ehrlich, as Executive Vice President and Games Business Leader, effective January 1, 2017. Mr.
Ehrlich, who will report directly to Everi’s President and CEO, Michael Rumbolz, has served as a consultant to the company since August 1, 2016.
As Executive Vice President and Games Business Leader, Mr. Ehrlich has direct responsibilities for the company’s games business, including oversight of the game development studios located in Austin, Chicago and Reno, manufacturing and assembly, and Everi’s gaming operations including the New York Lottery central system operation. He assumes these responsibilities from David Lucchese who was recently appointed Executive Vice President, Digital and Interactive Business Leader, a new position at the company.
US – Konami Gaming has named Steve Sutherland as its new President and CEO as part of a series of key promotions surrounding its executive leadership team.
Mr. Sutherland succeeds Satoshi Sakamoto as he transitions to the role of Senior Executive Director of the parent entity Konami Holdings Corporation. He has been a fundamental contributor to Konami’s establishment, growth, and success since he joined the company in 2000, and now provides central leadership to all aspects of the organisation in his role as president and CEO.
Long-recognised for their commitment and contributions to Konami and the industry as a whole, the following executive appointments and promotions are also announced: Thomas A. Jingoli, Executive Vice President and Chief Commercial Officer; Kazuya Kozuki, Executive Vice President and Chief Financial Officer; Thomas Soukup, Senior Vice President and Chief Systems Product Officer; and Yuji Taniguchi, Senior Vice President and Chief Games Product and Strategy Officer.
US – Galaxy Gaming has confirmed Todd Cravens as its new Vice-President of Business Development. Cravens assumes responsibility for expanding Galaxy’s business in the US and in
markets around the world, with a focus on core services and new products. With over 25 years of experience in both the amusement and gaming industries, Cravens most recently served as Chief Executive of the Americas for TCSJohnHuxley.
Robert Saucie, Chief Executive of Galaxy, commented: “Todd’s skills and experience is ideally suited to the duties, responsibilities and authorities associated with the newly-created position of vice- president of business development. We are extremely fortunate to have someone with Todd’s impressive credentials, expertise and enthusiasm and we look forward to his future contributions.”
P32 NEWSWIRE / INTERACTIVE /
247.COM
Te opening of MGM National Harbor towards the end of the year ensured that Maryland’s six casinos generated a record-breaking month in December 2016
GGR came in at $133,477,706m. Te previous revenue record was set in May 2016,when five casinos generated $104,351,219m
MARYLAND CASINO OPERAITONS
Maryland’s six casinos generated record- breaking figures in December, despite the fact that the MGM National Harbor in Prince George’s County was only partially open during the month, having debuted on December 8. However, it generated $41,934,028 from both slots and tables in just over three weeks. Te average daily GGR per slot in December at MGM National Harbor was $313.59. Each table generated an average of $5,343.76 for banked table games and $1,508.57 for non-banked table games. MGM National Harbor operates 3,237 slots and 165 (126 banked and 39 non-banked) table games.
Bill Boasberg, General Manager of MGM National Harbor, said: “In a little over three weeks, our performance exceeded our expectations. Clearly the introduction of our $1.4bn resort grew the casino market and was received warmly by our customers.”
Maryland Lottery and Gaming Director Gordon Medenica added: “We anticipated that December would be a record-breaking month, and we are tremendously enthusiastic about the future of Maryland’s casino programme. MGM
US
MGM Resorts has appointed John Kilroy, Jr. to the company’s Board of Directors, which is now comprised of 12 members. Mr. Kilroy is the Chairman, President and CEO of Kilroy Realty Corporation, one of the largest, vertically integrated REITs on the West Coast, whose portfolio spans some of the strongest, most desirable markets in the US. “Mr. Kilroy’s substantial experience encompasses commercial real estate development, acquisitions, construction, leasing, and financing. His distinguished knowledge of real estate, strong business acumen, public company experience and proven track record toward creating shareholder value by creating environments that attract innovators in technology and media, will bring a unique and complementary perspective to our company and our shareholders,” said Jim Murren, Chairman and CEO of MGM.
National Harbor is an outstanding facility in an ideal location, and we are confident that its success will fuel the continued growth of revenue that supports vital state programs.”
Te new casino generated $12.6m for the Maryland Education Trust Fund. December saw another three casinos in Maryland; namely Horseshoe Casino Baltimore, Casino at Ocean Downs and Rocky Gap Casino post revenue increases. Only Hollywood Casino Perryville and Maryland Live Casino posted decreases. Whilst posting a decrease compared to December’s totals last year, Maryland Live Casino remained the state’s biggest earner, totaling $48,032,057 from both slots and tables in December. Horseshoe Casino Baltimore generated $29,749,282 whilst Hollywood Casino Perryville generated $6,094,963.
Horseshoe General Manager Erin Chamberlin said; “We’re very pleased with our December results, particularly in light of the new competition within the marketplace. As we begin 2017, we’re confident we are well positioned to succeed as the business environment continues to evolve.”
New Jersey Atlantic City first annual increase in a decade
Atlantic City’s seven casinos collectively posted their first revenue increase in a decade with only two of the remaining casinos posting a fall during 2016. Te New Jersey Division of Gaming Enforcement confirmed that GGR reached $2.6bn in 2016, marking an increase of 1.5 per cent from a year earlier and the first time the market has increased since 2006 back in the days before Pennsylvania’s casino market and when Atlantic City had 12 casinos. In comparison, Pennsylvania’s Gaming Control Board is predicting that its 2016 GGR will hit $3.2bn.
Matthew Levinson, Chairman and CEO of the Casino Control Commission, said: “I look forward to this trend continuing in 2017. Tese are some strong numbers, especially with all the bad news about Atlantic City’s ‘demise.’ Tere’s a lot of good news here. We have some stronger casinos now, and Internet gambling continues to increase. Te hope is we’re entering a stable environment now. Te year 2016 went out with a bang at the casinos, thanks to a 15 per cent jump in casino revenue for December. Having New Year’s Eve on a Saturday night, and plain old good luck, provided a big boost for the casinos in December. Every casino licensee reported increased revenue – including two that are Internet-only licensees. Even when results from the now-closed Trump Taj Mahal are included in the figures, December was still up by 8.6 per cent compared to the year before.”
Internet gambling revenue played its part, increasing in New Jersey over the year by more than 32 per cent to almost $197m. Borgata led the way online with revenues of $47m, followed by Golden Nugget with $42.2m, Caesars with $38.6m,Tropicana with $36.9m and Resorts with $31.7m.
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