Wire NORTH AMERICA
Las Vegas Sands confirms Long Island plans
Canada - VICI enters Canadian market VICI Properties has bought the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. for US$200.8m.
Simultaneous with the acquisition, VICI entered into a triple-net master lease agreement with PURE covering the PURE Portfolio. The PURE Master Lease has an initial total annual rent of approximately US$16.1m representing an implied acquisition capitalisation rate of eight per cent, and an initial term of 25 years, with four five-year tenant renewal options. PURE’s obligations under the PURE Master Lease are guaranteed by the parent entity of PURE.
John Payne, President and Chief Operating Officer of VICI Properties, said: “Over the last five and a half years, VICI has built a portfolio of market-leading experiential real estate. Today’s announcement marks another momentous first for VICI as we expand our footprint internationally into Canada with the acquisition of the PURE portfolio.”
New Jersey - BetMGM launches Aruze slots Aruze Gaming America has launched four Aruze slot titles with BetMGM. The four classic Aruze video slots are now live to play in New Jersey on BetMGM including: Ultra Stack Showgirls, Ultra Stack Lion, 8 Wealthy Lions and Wolf 500g.
As the iGaming market continues to expand, so too will Aruze’s catalogue of available titles for players to enjoy which feature instant winnings at home, or on the go, pending jurisdictions. As a part of its iGaming go-to-market strategy, Aruze will also be releasing its remaining titles on BetMGM throughout 2023.
"By expanding our suite of products beyond the casino floor, we can cultivate an entire new audience of Aruze fans who may not have a casino immediately accessible," said Kurt Hansen, Vice President of iGaming at Aruze.
Nevada - New AGEM President The Association of Gaming Equipment Manufacturers’s Board of Directors has elected a new slate of officers.
The intake includes a new President, Robert Parente, Executive Vice President and Chief Business Development Officer for Light & Wonder.
Parente succeeds David Lucchese, Executive Vice President of Sales, Marketing & Digital for Everi. In addition to Parente’s election as President for a two- year term, AGEM also announced the election of six new Officers on one-year terms.
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Las Vegas Sands has announced its intention to pursue the development of a multi-billion-dollar flagship project on Long Island, New York.
With the recent release of the New York State Gaming Commission’s Request for Application for three downstate New York gaming licenses, Las Vegas Sands has confirmed its intention to pursue the development of a multi-billion- dollar flagship hospitality, entertainment and casino project on Long Island, New York.
Te company has entered into agreements to purchase the long-term lease of the site currently home to the Nassau Veterans Memorial Coliseum. Tese transactions, which still require certain approvals, would grant the company control of up to 80 acres in Nassau County, New York.
“Our company’s track record of driving significant economic benefits to the communities in which we operate and the meaningful relationships and partnerships we have created in each of those communities gives us a unique perspective on what it takes to develop transformative tourism destinations that positively impact the local community. Based on that experience, we strongly believe Long Island can be home to one of the region’s
Mississipi
A new mobile sports betting bill, the fifth such bill to be presented to the Mississippi legislature, has been read in the State House. Sports betting is legal in Mississippi, with retail sports betting going live in the state in 2018, and is currently offered by 30 brick-and-mortar sport books in operation with casino locations.
Mobile wagers are permitted, but punters can only place online bets while located on- property within a casino. Te state has sought to amend the law to allow legislation to legalise state-wide mobile betting, but four proposed bills have all failed to make it past the voting stage, as casinos in the state stood in opposition to the measure.
Opposition to the newly proposed bill is expected to have weakened after sports betting handle in the state fell in 2022.
great entertainment and hospitality developments,” said Robert G. Goldstein, the company’s chairman and chief executive officer.
Te integrated resort components of a Long Island development would include outdoor community spaces, four and five-star hotel rooms and a world-class live performance venue honouring the long legacy of live music at the Nassau Coliseum. Te resort property would also feature celebrity chef restaurants, experiential events and venues and flexible meeting and convention space, including ballrooms. Other amenities would include high- quality casino gaming, which is planned to represent less than ten per cent of the project’s total square footage, a luxurious day spa, swimming pool and health club.
“Our announcement today is only the first part of this journey. Our ability to put forward a compelling and competitive proposal will only succeed if we engage with the Long Island community and, in collaboration, develop a proposal that reflects the input of all those involved,” added Goldstein.
Maryland Fanatics first in-stadium NFL sportsbook
Fanatics Betting and Gaming, the online and retail sports betting division of the Fanatics digital sports platform, has become the first legal sports betting operator, in partnership with the Washington Commanders, to open a retail sportsbook inside an NFL Stadium. Te Fanatics Sportsbook at FedExField in Maryland is the company’s first entry into the legal sports betting market, and also represents the Commanders’ formal market entry in Maryland.
Te newly designed sportsbook is 5,000sq.ft and features eight betting windows, 21 self-service betting kiosks, two giant LED Video Walls, 38 TV monitors and a full-service restaurant.
Te Fanatics Sportsbook will stand alongside the Washington Commanders Team Store, which is operated by Fanatics. Now in one location, fans will be able to place a sports wager, buy team
merchandise and watch a game in a sports atmosphere.
Te FedExField location will offer legal sports betting markets on all major sports, not just the NFL. Te Fanatics Sportsbook will offer viewing experiences and betting markets for all major sports including professional and college football, basketball, hockey, baseball, alongside tennis, soccer, golf, MMA and boxing. Te development and trading of sports betting markets will be done in house at Fanatics Betting and Gaming and supported by a number of trading suppliers.
“We are excited to bring the Fanatics Sportsbook to Maryland at FedExField. Our first retail location, with adjacency to the Commanders Team store, is a physical representation of what Fanatics will deliver to sports fans all over North America,” said Ari Borod, Chief Business Officer.
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