News INTERNATIONAL UPDATE MGM China delivers the bling
MGM China has received the green light for its ‘Chinese jewellery box’ Cotai Strip project
MGM China has received approval from the Macau government to proceed with a US$2.5bn casino project expected to open in 2016 on the gambling hub’s Cotai strip.
PANSY HO,
With towers believed to be based on stacks of patterned Chinese jewellery boxes, the project will fill a 17.8-acre site where MGM will build a five-star hotel with 1,600 hotel rooms and develop a casino with 500 gambling tables and 2,500 slots as well as restaurants, retail and entertainment facilities.
Jim Murren, Chairman and Chief Executive Officer of MGM Resorts and Co-Chairman of the Board of MGM China, said: “Now that the official transfer of real estate in Cotai has occurred, we will focus our full energies on the commencement of construction of
Resorts World NYC
aboard EPICentral TransAct Technologies has signed a contract to install the EpiCentral Print System at Resorts World Casino New York City. The EpiCentral Print System will initially be connected to 2,500 slot machines and is projected to go live at Resorts World Casino New York City in the second quarter of 2013.
Bart Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, said: “We are excited to be working with Genting Group, one of the most dynamic casino resort operators in the world, as we install our EpiCentral Print System at their casino at Aqueduct in New York City.
“We plan to initially install EpiCentral on 2,500 slot machines with the potential to extend the installation to Resorts World’s other 2,500 slot machines in the near future. Further, with the EpiCentral Print System, Resorts World customers will no longer need to receive coupons and promotions at various kiosks on the casino floor; instead, patrons can now receive their rewards at the slot machine, thereby increasing slot machine play, enhancing the customer experience and helping to drive increased revenue for Genting.”
Chairperson, MGM China.
"We are extremely grateful to the Macau
government for the opportunity to
develop our Cotai property. MGM
China is dedicated to continuing to
grow with Macau as it develops into an international tourism
destination."
our Cotai resort and casino. Our design is in its advanced stage and will bring a new level of excitement, sophistication and entertainment to Macau.”
The operator, 51 per cent of which is owned by MGM with the rest belonging to Macau partner Pansy Ho, did though pledge to pay the Macau government US$56.4m as an initial instalment to rent the land needed for the project.
Pansy Ho, MGM China Chairperson, said: "We are extremely grateful to the Macau government for the opportunity to develop our Cotai property. MGM China is dedicated to continuing to grow with Macau as it develops into an international tourism destination."
Union Gaming Group analyst Grant Govertsen said: “This is a very important milestone in the project’s development timeline and likely came sooner (perhaps significantly sooner) than investor expectations.”
Casinos Austria pulls out of South America project
Panama-based Latin Gaming has agreed to pay US$31m to Casinos Austria International to take over the ownership of the Gran Casino Los Angeles in the province of Bio-Bio in Southern Chile.
Having relinquished ownership of the unfulfilled licence in Ovalle in April last year, this latest move will see Casinos Austria International leave Chile altogether. Latin Gaming meanwhile will become the third biggest player in the Chilean casino sector after Enjoy and Dream. Marcelo D’Amato, CEO of Latin Gaming, said: “We have signed everything and are now in the process of presenting documentation to the Superintendent of Casinos.”
The processing, account executive, was to take place last week, but the year-end holidays delayed the process, which should now become official in the coming days.
The Panamanian company will February 2013 PAGE 26
work in conjunction with the Vallele family, its partners in the Osorno Casino. According to Mr. D’Amato, Latin Gaming will oversee the operation of the casino and the entire project, including the hotel and other services, whilst the local family will keep the real estate assets leased to the operator.
Latin Gaming already operates casinos in Arica, Calama, Osorno and San Antonio. Mr. D’Amato said of the Los Angeles casino: “There is much to do but we think it can be a casino more profitable than it is.” The idea is to replicate what we did with San Antonio, when we went through the same process. Little by little we are accumulating more casinos in Chile.”
The casino offers 10 gaming tables, 200 slot machines and 40 bingo seats whilst the adjoining hotel has 90 rooms, a spa and modern conference facilities for up to 500 people.
NET ENTERTAINMENT IS CONTINUING to expand its Touch mobile portfolio with the launch of more top class games. Starburst has already been extremely popular on desktop and the mobile version will be an equally high performing and fast-paced game. Starburst Touch mixes vibrant colours in an arcade atmosphere where brilliantly lit jewels take the central role in the game. The traditional Wilds are replaced with an innovative new Starburst Wild that expands over the entire reel and remain in place for up to three spins with no extra cost to the player.
“The mobile channel is a key area for Net Entertainment and we are constantly innovating in this sector to meet the growing market demand and player expectations.” comments Per Eriksson, President and CEO of Net Entertainment. “With every new Net Entertainment Touch game we focus strongly on the user interface, functionality and a seamless transition between mobile and desktop, and we have done exactly that with Starburst Touch.”
GAMING LABORATORIES INTERNATIONAL has completed in-depth training for 35 gaming inspectors of the General Direction of Casinos and Slot Machines (DGJCMT) of the The Ministry of Exterior Commerce and Tourism (MINCETUR) of Perú. The training covered the country’s Monitoring and Control Systems model (SUCTR) process.
MINCETUR contracted GLI to conduct training on audit and field inspection procedures. Part of the engagement included the development of an SUCTR Audit Manual for MINCETUR, which will be used as part of their controls of gaming halls throughout Perú. GLI held the seven- day training in Lima, Perú, which included onsite training for the inspectors in several gaming halls and with a variety of SUCTR approved systems. Conducting the training were compliance, engineering and network assessment experts, carefully selected among the global GLI staff, to provide the best training and expertise in the gaming industry.
GLI Director of Latin American and Caribbean Development Karen Sierra- Hughes said, “GLI has a long-standing commitment to the regulatory entity in Perú and throughout Latin America and the Caribbean. We are very proud to have worked so closely with the DGJCMT for the last several years and to have been selected to perform this training. The training represents an important milestone in their path to strengthen the regulations in the Perúvian gaming industry and we look forward to continuing our very close relationship.”
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