Wire NORTH AMERICA Penn to Open Hollywood Casino Morgantown
Penn National Gaming has said it will open Hollywood Casino Morgantown to the public on December 22, at noon, pending final regulatory approvals.
“We’re very excited to soon welcome patrons to this beautiful new property, where they’ll be able to experience premier gaming, dining and entertainment,” commented Marc Guastella, Vice President and General Manager for Hollywood Casino Morgantown.
Te Morgantown Category 4 casino represents Penn National’s fourth facility in Pennsylvania, joining Hollywood Casino at Penn National Race Course in Grantville, Hollywood Casino at Te Meadows in Washington and Hollywood Casino York, which opened in August.
Te approximately 80,000sq.ft facility will feature 750 of the latest slot machines and 30 table games, a climate-controlled outdoor gaming terrace, state-of-the-art Barstool Sportsbook, and three unique dining options.
At the Barstool Sportsbook, patrons will be able to enjoy sports from around the world on the jumbotron above the bar or on numerous high- definition televisions throughout the facility.
Te 150 seat full-service restaurant will offer a wide selection of food and beverage options, from steaks to classic pubfare, more than a dozen craft and domestic beers, hand-crafted
Canada
Te Canadian lottery has gone live with a selection of Blueprint’s best-known titles following an integration via Scientific Games’ OpenGaming platform. Slots include Megaways hits Buffalo Rising and Prospector, as well as the company’s range of branded games, including Rick and Morty Wubba Lubba Dub Dub, Sausage Party and Te Goonies. In addition, Loto-Québec will offer a range of games that incorporate the developer’s Jackpot King progressive system. With every spin of these games, players have the opportunity claim the main Jackpot King prize, along with the smaller Royal and Regal pots that offer more frequent payouts. Blueprint will continue to supply Loto-Québec with titles over the coming months to maintain and improve engagement levels with players.
US Scientific Games sells lottery division to Brookfield
Scientific Games is to sell its global lottery business to Canadian investment company Brookfield for $6.05bn, a move that will help it cut debt and pivot to a gaming and digital content provider.
Te Las Vegas-based slot machine maker has been trimming down its business after ratcheting up $8.2bn in net debt. Last month, it sold its sports betting division, OpenBet, to Endeavor Group for $1.2bn in cash and stock. Te deal with the Brookfield Asset Management will consist of $5.83bn in cash and an additional payment of up to $225m based on meeting certain targets in 2022 and 2023.
“Tis transaction is transformative in accelerating the delivery of our stated strategy to optimise our portfolio, aggressively de-lever our balance sheet and position us to invest in future growth. We
conducted a thorough review of paths to divest the lottery business and we are confident that this transaction maximises value and certainty while minimising complexity and execution risk, and positions both Scientific Games and SG Lottery for continued success along their unique growth trajectories," said Barry Cottle, President and Chief Executive Officer of Scientific Games. “Te significant near-term proceeds from this transaction as well as our previously announced sale of sports betting will transform our balance sheet and provide the financial flexibility to invest organically and inorganically to accelerate our strategies. Tis marks a major milestone and puts us on a clear path to achieve our vision to become the leading cross- platform global game company and unlock our full value for shareholders.”
cocktails inspired by classic sports movies and more. Betting windows and kiosks for sports and racing are located throughout the sportsbook, along with interactive games, an outdoor firepit and a Barstool Sportsbook merchandise station.
Prior to the grand opening, Penn National will host two invitation-only test days, with gaming proceeds donated to charitable organisations in the area. Te participating charities include the United Way of Berks County, Honey Brook Food Pantry and the Jarett Yoder Foundation, which serves community heroes and their families, including active military personnel, veterans, firefighters, first responders and the police.
“We are thrilled to be supporting these incredible organisations in Berks, Chester and Lancaster Counties,” said Guastella. “Penn National is committed to being actively engaged in the community and partnering with worthwhile groups to assist those in need.”
Te development of Hollywood Casino Morgantown represents an overall investment of approximately $111m, including licence fees, and career opportunities are still available for the approximately 375 new jobs at the facility.
Nevada - MGM Resorts to sell The Mirage MGM Resorts International made the announcement that it will plan on selling the operations of The Mirage located on the Las Vegas Strip.
The resort opened up back in November 1989 and has one of the more iconic attractions in the volcano show every night. With over 3,000 rooms and nearly 100,000 square feet of gaming space, The Mirage was one of the first major resort casinos to open on the Strip.
MGM Resorts CEO, Bill Hornbuckle, said: “The Mirage is a world-class, iconic property with unique attractions that is ripe for continued investment and development. It will be the crown jewel in another operator’s portfolio, which is why we believe a sale makes strategic sense at this time.”
A new buyer and operator has not been identified yet and the process of the sale is still in the beginning stages.
US - Bally’s retail revenue reaches new high Bally’s financial results for Q3 saw retail casino revenue reach a record of $301.6m. This accounts to a net income of $49.4m versus $22.1m for the comparable period in 2020, whilst retail casinos EBITDAR equated to $106.5m versus $43.5m. Overall revenue was $314.8m, an increase of $198.2m, or 169.9 per cent, year over year. Net loss was $14.7m compared to net income of $6.7 million for the comparable period and adjusted EBITDA was $78m, an increase of $40m.
Lee Fenton, CEO, said: “North America interactive sales doubled from last quarter at $11.4m, with adjusted EBITDA of $5.5m, which was in line with our expectations,” continued Mr. Fenton. “Adjusted EBITDA for the company of $78.0m includes $11.4m of rent expense and $11.1m of corporate expense.”
Having completed the acquisition of Gamesys on October 1, Gamesys revenue was $278.6m – a record high on a constant currency basis – with net loss and adjusted EBITDA of $8.7m and $83.8m.
Virginia - Pointsbet awared sports licence PointsBet has announced that through an exclusive partnership agreement with Colonial Downs Group, and subsequent joint application for licensure, its wholly-owned subsidiary, PointsBet Virginia LLC, has been awarded a temporary supplier licence by the Virginia Lottery to offer online sports wagering in Virginia.
“Being awarded the opportunity to offer PointsBet’s market-leading speed and ease of use, unrivaled slate of betting options, and overall in-play excellence to the people of Virginia is a great achievement and responsibility,” commented Johnny Aitken, PointsBet USA CEO.
WIRE / PULSE / INSIGHT / REPORTS P19
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144
