New Proposals for Connecticut Casino NORTH AMERICA
MGM Resorts International and Seaview Bridgeport have joined together to create MGM Bridgeport, to be located in Bridgeport, Connecticut
MGM’s proposal has been slammed by spokesman for two tribal nations, Andrew Doba, who described MGM move as reflecting ‘a pattern of dishonesty.’
CONNECTICUT LICENCES
NEVADA – AGEM’ Marcus Prater, JCM Global’s Tom Nieman, and the American Gaming Association’s Geoff Freeman have presented a check for $155,000 to Dr. Russell Sanna from the National Center for Responsible Gaming. The money was raised at the 19th annual AGEM/AGA Golf Classic Presented by JCM Global and smashed previous fundraising records.
The check was presented during a gathering at Topgolf Las Vegas, where Golf Classic organizers announced the 20th annual event will take place at MGM’s Shadow Creek, the legendary place sculpted from the Nevada desert by renowned architect Tom Fazio. Player registration and sponsorship opportunities are available now at
golf2018.jcmglobal.com.
US – Crane Payment Innovations is to buy Microtronic AG, a closed-site, open-site and mobile payment solutions. The acquisition strengthens Crane’s technology portfolio, adding complementary capabilities to the Crane Connectivity Solutions (CCS) electronic payment and connectivity platform. CCS is the recently announced joint venture between CPI and its sister company Crane Merchandising Systems, who together are already experts in connectivity via Bluetooth, near-field communications (NFC), Wi-Fi and mobile wallet applications as well as tap, swipe and EMV chip technology for cards. Eric Fisher, CPI President of Gaming. “The acquisition of Microtronic reinforces that commitment and will help us deliver a seamless connectivity experience to operators as new payment methods are approved for and utilised on the Gaming floor.”
NEVADA – Konami Gaming has promoted Jay Bertsch to Senior Director of System Sales following more than a decade of service in global business development for Konami Gaming and its sister company,
Konami Australia. His prior position as director of business development will be taken up by Danielle Rankin, another longtime Konami professional with a proven record of success. These new appointments offer key leadership support for Konami’s Synkros systems division.
“With years of demonstrated expertise and customer commitment, Jay Bertsch possesses the qualities to advance the distribution of SYNKROS in the global gaming marketplace,” said Ross O’Hanley, VP, North American sales at Konami Gaming. “As the Synkros install base continues to expand, these appointments provide the leadership necessary to preserve customer relationships and develop new strategic partnerships.”
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MGM Resorts International and Seaview Bridgeport have joined together to create MGM Bridgeport, to be located in Bridgeport, Connecticut. Te moves follows MGM’s failure in the courts to stop state approved plans for a third casino in Connecticut in East Windsor, to be operated by MMCT Venture, a 50/50 Joint Venture Project shared by the state’s existing casino operators by, LLC, a joint venture of the Mashantucket Pequot and Mohegan tribes who operate Foxwoods and Mohegan Sun.
MGM Bridgeport with create jobs in a variety of professions including construction, hospitality, finance, engineering, operations, marketing and information technology. Once approved by the Connecticut legislature, it will constitute more than a half billion dollar investment in Connecticut’s tourism infrastructure.
With casino gambling currently limited to the two federal Indian reservations, MGM would not be allowed to build a casino in Bridgeport under current laws. Te plans for MGM Bridgeport include a 100,000 sq. ft. gaming floor with
Scientific adds sports betting with NYX purchase
US
Scientific Games is buying NYX Gaming Group for approximately US$631m to create a global digital gaming and lottery powerhouse.
Te deal brings a sports betting platform to Scientific Games’ strong portfolio, meaning Scientific Games will now be perfectly positioned to capitalise on future regulatory developments in real-money wagering and sports betting by adding NYX’s industry-leading OpenBet Sportsbook. NYX’s digital Sportsbook can be seamlessly delivered throughout Scientific Games’global gaming and lottery networks in existing and future regulated U.S. and global markets.
NYX’s worldwide channels, markets and customer base
2,000 slot machines, 160 table games, a 700- seat theater, a 300-room hotel, five restaurants, six bars and retail.
MGM said the casino would create 7,000 new jobs in Bridgeport area and, if approved by state legislators, would give the state $50m in licensing fees this year.
Jim Murren, Chairman and Chief Executive Officer of MGM Resorts, said: “We welcome the opportunity to work closely with Seaview Bridgeport LLC to create a magnificent new center of energy and vitality in Bridgeport.
“In the coming days, we will share our ideas and plans with the people of Connecticut and with policy makers in the city and across the state. MGM Bridgeport promises to be a pivotal development that will jumpstart job growth and economic expansion in Connecticut. As a central component of the breakthrough Bridgeport Harbor initiative, MGM Bridgeport will emerge, advancing efforts to realise the potential of Connecticut’s largest city.”
offer new growth opportunities to build on the significant momentum of Scientific Games’ existing interactive gaming business.
NYX has significant stand- alone strategic momentum, an industry-leading suite of products, a growing global customer base and is the leading digital casino and account platform in North America. Te acquisition will add significant new intellectual property, expertise and global reach to NYX, one of the world’s leading digital gaming content and technology companies.
Kevin Sheehan, Scientific Games’ President and Chief Executive Officer, said: “Tis important transaction creates a global gaming and lottery powerhouse. Scientific Games will be a stronger industry leader offering one of the broadest end-to-end portfolios of engaging content, innovative technologies and digital products and services across gaming and lottery.”
US
Billionaire investor and business magnate Carl Icahn has sold the uncompleted Fontainebleau in Las Vegas for more than four times what he bought it for seven years ago. Witkoff, a global real estate development and investment firm, together with New Valley LLC, an investment company owned by Vector Group, have acquired what they said was a ‘significantly undervalued resort hotel’ located at 2755 Las Vegas Boulevard South in Las Vegas for $600m. Te acquisition, which the two purchasers said was ‘acquired at a substantial discount to replacement cost,’ forms a core part of Witkoff’s investment strategy and marks the company’s foray into the supply-constrained and fundamentally strong Las Vegas market. Witkoff spent four months conducting its due diligence prior to the acquisition, and has identified ways to unlock the underlying value of the property.
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