Wire NORTH AMERICA Blackstone Sells Cosmo Ops and Property
New York - JCM partners with del Lago Resort JCM Global has installed its GEN5 Thermal Printer on all 1,752 slot machines at del Lago Resort & Casino in Waterloo, N.Y. The installation was an upgrade of JCM’s existing GEN2U printers and gives del Lago the power to enhance the guest experience with GEN5’s capabilities.
When del Lago first opened in 2017, JCM installed its iVIZION bill validators and ICB Intelligent Cash Box System along with the GEN2U printers. This technology upgrade brings the property to the latest generation of TITO thermal printers. The combination of the iVIZION bill validator and GEN5 printer also prepares the property for JCM’s FUZION system and the future of system-managed peripherals.
“As a casino operator, we are continually improving the experience and quality of products for our guests. JCM has proven to be a valued partner in these efforts by making the unseen, yet crucial technological pieces faster and more efficient,” said Lance Young, EVP and General Manager at del Lago Resort & Casino.
US - San Manuel Casino rebrands The San Manuel Band of Mission Indians and the San Manuel Entertainment Authority have announced that San Manuel Casino is now Yaamava’ Resort & Casino at San Manuel, a milestone moment introducing a new era in Southern California gaming and hospitality.
US - Catena acquires North America assets Catena Media has further strengthened its North American operations by acquiring online sports betting and casino affiliation assets from i15 Media.
The assets comprise more than 100 websites and domains that focus on states starting their first full American football season (
Michigansharp.com), large upcoming states (such as
NYSportsDay.com), and nationally ranking sites like
bonus.com and
gamblingonline.com. The total purchase price is US45m, of which US$12.5m will be paid with 2,207,357 new Catena Media shares.
Michael Daly, CEO Catena Media, commented: “The addition of i15 Media’s online sports betting and casino assets to our North American portfolio will accelerate our alexpanding business there.”
Arizona - 271,000 new accounts in four days Online sports betting in Arizona went live on September 9 and is already showing signs of becoming the biggest sports betting state in America. Its strategic launch on the opening night of the new NFL season resulted in a combined total of 6.1m bets and log ins between September 9 and September 12. 271,000 new Arizona sportsbook accounts were created in those four days according to GeoComply.
P20 WIRE / PULSE / INSIGHT / REPORTS
Blackstone has sold separately the property and operations assests of Te Cosmopolitan in Vegas for US$5.65bn and US$1.625bn.
Investment management company, Blackstone, has agreed to sell The Cosmopolitan of Las Vegas to Stonepeak Partners for US$5.65bn. Deutsche Bank sold the loss making resort to Blackstone in 2014 for US$1.73bn.
Under the terms of the acquisition agreement, MGM Resorts International plans to purchase The Cosmopolitan’s operating assets as well as sign a long-term net lease agreement between Blackstone Real Estate Income Trust, Stonepeak Partners and Cherng Family Trust.
MGM Resorts has agreed a purchase price of US$1.625bn for the operations business. Following the close of the transaction, MGM Resorts will enter into a 30-year lease agreement, with three 10-year renewal options, with a partnership among Stonepeak Partners, Cherng Family Trust and Blackstone Real Estate Income Trust (BREIT), which will acquire The Cosmopolitan's real estate assets. MGM Resorts will pay an initial annual rent of $200m, escalating annually at two per cent for the first 15 years and the greater of two per cent or the CPI increase thereafter.
“Stonepeak, in partnership with the Cherng Family Trust, believes this transaction represents
Canada
Instant Win Gaming has delivered its linked progressive jackpots functionality to long- term customer, British Columbia Lottery Corporation (BCLC).
Sales from separate e-Instant games will contribute to a set of shared linked progressive jackpot prizes which are branded InstaJackpots BCLC. Te integration strengthens the lottery’s
PlayNow.com e- Instants offering.
Tree in-game, instant-win jackpot prizes will be available for PlayNow players to win: a mini jackpot expected to be awarded multiple times each day, a mid-tier jackpot anticipated to be paid out twice per week, and a top-prize jackpot likely to be claimed twice per month. Te actual frequency will depend on the volume of play.
a fantastic opportunity to invest in the underlying real estate of The Cosmopolitan of Las Vegas, a solid asset with an irreplaceable location, durable cash flows and the potential for additional upside,” said Phill Solomond, head of real estate at Stonepeak, in a statement. The transaction is expected to close early next year.
The purchase price represents a multiple of approximately eight times adjusted EBITDA, inclusive of expected operational synergies and identified revenue growth opportunities.
"We are proud to add The Cosmopolitan, a luxury resort and casino on the Las Vegas Strip, to our portfolio," said MGM Resorts CEO & President, Bill Hornbuckle. "The Cosmopolitan brand is recognised around the world for its unique customer base and high-quality product and experiences, making it an ideal fit with our portfolio and furthering our vision to be the world's premier gaming entertainment company. We look forward to welcoming The Cosmopolitan's guests and employees to the MGM Resorts family. With over $500m of capital invested to upgrade the property since 2014, The Cosmopolitan offers an opportunity to expand our customer base and will provide greater depth of choices for our Vegas guests.”
US DWG signs exclusive North America SG deal
Scientific Games has enhanced its OpenGaming portfolio in North America by signing an exclusive content deal with Design Works Gaming (DWG).
Te three-year agreement will see Arizona-based DWG roll out its wide range of original, engaging online casino titles across the United States and Canada through the OpenGaming platform, providing Scientific Games’ customers with a unique, diverse content selection and opportunities for bespoke game development.
Scientific Games will initially make DWG’s content available in New Jersey, before launching in Michigan and Pennsylvania as well as other States that open up for online gaming.
Te exclusive deal enhances the
games offering within OpenGaming, the content aggregation platform, Troy Zurawski, CEO, Design Works Gaming, said: “When I founded DWG in Scottsdale, Arizona, the thought of launching our games in regulated, real money online casinos in the US felt like a distant dream.
“Over the past 16 years I’ve grown DWG in this direction, slow and steady – but with purpose.
“As you can probably imagine, it feels incredible to be launching in the USA. Even more so knowing the proven success behind our products. We couldn’t have found a better partner to bring us home than SG Digital. With their backing - we can now change up the game across North America, starting with this first launch in New Jersey.”
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 |
Page 145 |
Page 146
