Caledonia Confirms US$1bn Scientific Deal NORTH AMERICA
Former Aristocrat Chief Executive Officer Jamie Odell, along with former Aristocrat Chief Financial Officer Toni Korsanos, join Scientific Games
Scientific Games Chairman and largest shareholder Ronald Perelman reaches agreement to sell 34.9 per cent stake to UK investment firm, Caledonia
UK CASINO SUPPLIERS
Nevada - Park MGM Resort bans smoking After a pandemic shutdown in March, Park MGM plans to reopen at the end of September as a nonsmoking casino and hotel. It’s the first Las Vegas resort that won’t welcome smokers. The new policy applies to MGM as well as NoMad, its hotel within a hotel. “It’s something that we’re looking forward to definitely continuing for the long future,” said Anton Nikodemus, who heads the company’s Las Vegas properties. “As we had seen an increasing amount of guests looking for a nonsmoking alternative, we finally felt now would be the best time to make that decision.”
US - Synkros wins across Nevada resorts Konami Gaming has announced that its Synkros has been named the exclusive casino management system of the Grand Sierra Resort and Casino Reno and Sahara Las Vegas.
Sahara Las Vegas is set to become the first Las Vegas Strip resort to go live with Synkros and Konami’s Konetic Employee App driving catered rewards and convenience to guests across its 60,000sq.ft casino gaming floor, five-star dining options and three hotel towers.
“Synkros was selected to power Grand Sierra Resort and SAHARA Las Vegas due to Konami’s reputation for high system reliability, demonstrated desire for partnership, and clear commitment to helping our business succeed,” said Christopher Abraham, senior vice president of marketing at Meruelo Gaming. “Working with Konami, our world-class gaming resorts have the assurance of a technology partner that truly understands our business and how each casino operates uniquely therein. Those details make a difference to us and our players.”
Canada - Tables return for Century Casinos Century Casinos has successfully reopened live table games at Century Casino Edmonton, Century Casino Calgary, Century Casino St. Albert and Century Casino & Hotel in Central City, Colorado, between September 7, 2020 and September 11, 2020. In Canada, Century Casinos continues comprehensive sanitising and social distancing protocols based on Alberta Health Services guidelines and newly established industry standards at each property. Details about these measures are available in the COVID-19 Update section on each property’s website which can be accessed online.
US - Churchill Downs deal powers BetAmerica Churchill Downs has signed multi-year agreements with GAN and Kambi Group to provide player account management, casino platform, sports trading and risk management services for the Company’s sports betting and iGaming business, BetAmerica. The integrated platform will offer the industry’s leading online, mobile and on-property sports wagering experiences to BetAmerica’s new and existing players.
P24 NEWSWIRE / INTERACTIVE / MARKET DATA
Scientific Games has confirmed that a number of long-term institutional investors, including gaming industry investor Caledonia, have reached agreement to acquire a 34.9 per cent stake in Scientific Games from MacAndrews & Forbes at a price of $28 per share.
Scientific Games is implementing a series of governance changes and enhancements, including refreshment of its Board of Directors and termination of the Stockholders Agreement with MacAndrews & Forbes, to reflect its new investor base and continue to position the Company for growth and value creation.
Barry Cottle, President and CEO of Scientific Games, said: "Scientific Games is well- positioned for future success given our industry leading portfolio of products and technologies, loyal customer base and talented leadership team. We are pleased to have the support of our refreshed Board and new investor base as we continue to execute on our strategy to drive meaningful long-term growth and shareholder value creation."
Te Scientific Games Board will be reconstituted to include all existing directors, other than the MacAndrews & Forbes representatives, as well as three new directors. Te Board will comprise a majority of independent directors with a deep
System issue closes tribal casino in Sacremanto
California
On September 20, Cache Creek Casino Resort in Northern California closed and remained shuttered the following Monday due to a ‘systems infrastructure failure.’
“Due to an unforeseen systems infrastructure failure, Cache Creek Casino Resort is unable to operate fully at this time,” stated the casino. “We have made the unfortunate, but necessary decision to close the resort,” which it did at 7 p.m.
Earlier in the day, the casino announced it was experiencing a “widespread” outage that started around 3:30 a.m. and remained “problematic.” Cache Creek first discouraged guests
and diverse mix of gaming industry, financial, strategic and operational experience.
Former Aristocrat Chief Executive Officer Jamie Odell, along with former Aristocrat Chief Financial Officer Toni Korsanos, will join the Scientific Games Board as Executive Chair and Executive Vice Chair, respectively. Tey will be joined on the Board by an additional independent non-executive director.
Ronald Perelman, current Executive Chairman of the Scientific Games Board and MacAndrews & Forbes Chairman and CEO, as well as Barry Schwartz and Frances Townsend, the two other MacAndrews & Forbes representatives, will resign from the Board.
Jaime Odell commented on the change: “Scientific Games will have the support of a highly credentialed and experienced investor base, including Caledonia, as we implement transformative initiatives to optimise the asset portfolio and unlock the full potential of the company's best-in-class collection of products and technologies. We will be highly focused on rapidly de-leveraging the balance sheet and creating a flexible, agile company that is poised to capitalise on evolving industry and macroeconomic trends to deliver outsized returns to investors.”
from visiting the property, which is located in Brooks along Highway 16 about an hour east of Sacramento, before shutting down entirely.
Cache Creek remained closed as of 9 a.m. Monday, social media posts by the tribal casino indicate, and no estimated time for reopening has been given. Te property says it will inform customers via social media and its website as soon as it is able to reopen, and that it will directly notify any guests whose reservations at the resort may be affected.
“Tis temporary closure is not due to COVID-19,” the Cache Creek Casino Resort wrote on Facebook in response to multiple users’ comments speculating, without evidence, that the closure was actually related to the coronavirus pandemic.
US
RG24seven has announced a partnership with GVC Holdings to provide Responsible Gaming training for US staff. Wendy Anderson, CEO of RG24seven, commented: “We are incredibly pleased to be providing our world-class Responsible Gaming training to GVC. GVC is a leader in corporate social responsibility and has been at the forefront of Responsible Gaming awareness and education for many years. RG24seven is proud to announce this partnership with GVC.” Martin Lycka, Director of Regulatory Affairs at GVC Holdings and Trustee of GVC Foundation US, stated: “It’s vital that our employees know how Responsible Gaming can affect our patrons as well as our businesses. RG24seven is enabling GVC to provide the best in class RG training to our employees.”
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