Prime Minister Heralds Baha Mar Opening
Baha Mar, the $4.2bn integrated resort development located along the pristine beaches of New Providence in the Bahamas, has finally opened its doors
Te long gestating Baha Mar resort opened to words of great positivity from Te Bahamas Prime Minister Perry Christie
BAHAMAS CASINO OPERATIONS
“For many Bahamians, this is more than a dream come true. It is the unfolding of a bold vision which I led my Government in undertaking with private sector partners a decade ago,” said Bahamas Prime Minister Perry Christie at the opening of the $4.2bn integrated resort.
Te casino resort was originally supposed to open in December 2014 but ran into difficulties. It applied for Chapter 11 bankruptcy in June 2015 following construction delays. Almost two years later, Baha Mar Resort was bought by Hong Kong-based Chow Tai Fook Enterprises Limited (CTFE) for a reported US$3.5bn.
Te beachfront destination includes three global brand operators – Grand Hyatt, SLS, and Rosewood – with over 2,300 rooms. Additional amenities include 40 restaurants and lounges, the largest casino in the Caribbean with over 100,000 sq. ft. of gaming space, 200,000 sq. ft. convention center, 18-hole Championship Jack Nicklaus Golf Course and Golf Club, first ESPA flagship spa in the Caribbean, and over 30
Report on New Jersey sweeps aside online myths
New Jersey
New Jersey has enjoyed a windfall of new tax revenue, Atlantic City has been revitalised, and the regulatory system has been proven a success since the state legalised and regulated online gambling in 2013, according to a new report called Regulated Online Gambling: Building A Stronger New Jersey.
Carried out by
NJOnlineCasinos.com, the report debunks many of the myths that opponents have used to argue against regulated online gambling — details the overwhelmingly positive data from legalization of online gambling in New Jersey.
Te benefits include $536.62m in total new revenue for casino operators, $93.91m in direct tax revenue for the state, more
luxury retail outlets. Baha Mar Casino launches as the largest casino in the Caribbean, boasting 100,000sq.ft of gaming space, more than 1,000 slot machines, 126 table games, race and sports betting, mobile gaming, high roller gaming salons and restaurants and bars throughout the casino floor. Te casino’s island-inspired design is complemented by natural daylight and breathtaking pool and ocean views.
Prime Minister Christie added: “Amidst the complex and arduous negotiations, my Government and I remained focused on achieving three main objectives: Firstly, ensuring immediate remobilisation and resumption of construction, based on committed funding sufficient to complete construction and to open all parts of the Project; secondly, the opening of the casino, Casino Hotel, Convention Centre, Convention Hotel and Golf Course prior to the end of the 2016-2017 winter season; and thirdly, settlement and/or payment of all valid claims of contractors and subcontractors, suppliers and employees and other Baha Mar and CCA creditors.”
than 3,300 jobs created or supported, and successful implementation of consumer- protection regulations.
"Sweep aside the misinformation spread by agenda-driven critics and a clear picture emerges: Regulated online gambling in New Jersey has been a definitive win for casinos, consumers, and the state," said Chris Grove, a Las Vegas-based gambling industry expert who authored the report.
"Any state looking to New Jersey can draw three clear lessons," Grove added. "First, regulation works. Second, there is a massive consumer demand for online products. Finally, online gambling supports the health and long-term viability of land-based casinos."
Legalised online gambling has been a boon for Atlantic City. In 2016, the iconic destination posted its first year-over-year increase in gambling revenue in 10 years.
US
Te Intralot Group has appointed John Donahue as CEO of its US venture. Mr. Donahue has 30 years lottery and gaming experience in the global market. His strengths combine strategic vision with product development, technology delivery, as well as operational and sales execution. Before coming to Intralot he worked for 10 years as MD of the International Systems Division at Scientific Games and previously as Int. Sales Director and Northern Europe Sales and Operations Vice President for IGT. Intralot Group CEO Antonios Kerastaris said: “I am thrilled to welcome John as CEO of Intralot Inc. His proven record and the breadth of his strategic thinking will be an amazing addition and asset for Intralot's presence and business growth in North America which currently presents enormous opportunities.”
US – Foxwoods Resort Casino, with partners Greentube Pro, has seen notable growth since the April 2016 launch of its revamped social gaming platform. Both parties have since announced impressive revenue numbers for the past six- month period as well as a dramatic increase in the number of active daily and monthly users.
FoxwoodsONLINE reported a 300 per cent increase in FoxwoodsONLINE’s user database, a 45 per cent increase in gross revenue, a 20 per cent rise in Year over Year daily active users and 51 per cent rise in Year over Year monthly active users.
“We looked to Greentube to develop a formidable social platform that engages players and extends the same incredible gaming experience that our guests have grown to love at our property,” said Seth Young, Director of Online Gaming for Foxwoods Resort Casino. “We look forward to another excellent year with our partners at Greentube."
FoxwoodsONLINE is powered by Greentube Pro, Greentube’s private-label social casino marketing platform created by Kenny Huang and his team at BlueBat Games – a Greentube subsidiary. The platform allows for in-game marketing capabilities via multiple channels and tracks with the evolution of modern life including shopping, socialising and more. The platform is designed to engage players across all devices.
US – Gaming Laboratories International (GLI) was recently authorised by the Michigan Gaming Control Board (MGCB) as a designated test laboratory for the State of Michigan, effective July 1, 2017.
The MGCB is prepared to receive the test results on electronic gaming devices or associated equipment that GLI submits on behalf of manufacturers and suppliers. Test results for the following will be accepted by the State of Michigan: Games and game variation; Gaming devices and gaming device modifications; Gaming associated equipment and gaming associated equipment modifications; Cashless wagering systems and cashless wagering system modifications; Inter-casino linked systems and inter-casino linked system modifications; Mobile gaming systems and mobile gaming system modifications and Interactive gaming systems and interactive gaming system modifications
GLI’s Vice President of Government Relations and General Counsel Kevin P. Mullally said, “We are grateful for the opportunity to work in a more integrated way with the Michigan Gaming Control Board. This initiative allows us to combine GLI’s global resources with the excellent work of the MGCB staff to assist them in their efforts of ensuring the integrity of gaming.”
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