Wire NORTH AMERICA
DraftKings to buy Golden Nugget Online
DraftKings is to buy Golden Nugget Online Gaming for $1.56bn in a deal that will allow DraftKings to leverage the Golden Nugget brand.
Te agreement also provides DraftKings with new opportunities to deeply integrate with Fertitta Entertainment.
US SPORTS BETTING & ONLINE
NEAVADA – JCM Global marked a historical milestone when the new Resorts World Las Vegas opened last month: Nevada’s first floor-wide deployment of JCM’s FUZION technology. Since that time, JCM’s FUZION has played an integral role in supporting Resorts World Las Vegas’ goal of creating the most advanced gaming floor in the world. JCM also installed its iVIZION bill validator, GEN5 Thermal Printer, ICB Intelligent Cash Box system, and PromoNet couponing solution.
“As we were working with the Resorts World team on this project, they clearly expressed their desire to equip the casino floor with the most sophisticated gaming technology anywhere. FUZION, and the entire suite of JCM products, certainly fit that description and provide the technology foundation for the Resorts World Las Vegas team to deliver an exceptional gaming experience to its guests,” said JCM SVP of Sales, Dave Kubajak.
JCM’s FUZION technology will bring Resorts World’s teams the ability to proactively manage their casino floor operations with features like predictive emergency drops and printer paper fills, automated firmware upgrades, drop and count room management, AML alerts, enhanced security capabilities with transaction image captures, and real-time performance monitoring of all the peripheral devices on the casino floor. The installations at Resorts World Las Vegas are the latest in a long relationship between JCM and Resorts World. Previously, JCM installed multiple technology solutions at Resorts World New York City and Resorts World Catskills.
US – BMM Testlabs has appointed Jon Stuckey as SVP, Business Development, Europe and South America. Stuckey will lead business development and sales teams for BMM's fast-growing European
operations, focusing on expanding BMM's existing commercial relationships with gaming suppliers, as well as developing new opportunities for testing and certification of gaming products and regulatory product and consultancy services.
CALIFORNIA – The Monache tribe and Chukchansi band of Yokuts has completed the building work for its new Table Mountain casino being built next to the current Table Mountain site in the Fresno County foothills in California. Construction began in 2019 on the 110,000sq.ft casino floor, bringing 600 new gaming positions, 150 guest rooms, a bigger restaurant, a 1,500-seat special event center, gift shop and childcare facility. Parking is expected to be expanded by 1,000 spaces. Dan Casas, the tribe’s legal counsel, said: “We want to build a facility that will sustain us for generations to come."
P20 WIRE / PULSE / INSIGHT / REPORTS
DraftKings is to buy Golden Nugget Online Gaming for $1.56bn in a deal that will allow DraftKings to leverage Golden Nugget’s well- known brand, iGaming product experience and existing combined database of more than five million customers. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, the parent company of the Houston Rockets, Golden Nugget, LLC and Landry’s LLC, and a leader in the gaming, restaurant, hospitality, and sports industry.
“Our acquisition of Golden Nugget Online Gaming, a brand synonymous with iGaming and entertainment, will enhance our ability to instantly reach a broader consumer base, including Golden Nugget’s loyal ‘iGaming-first’ customers,” said Jason Robins, DraftKings’ CEO and Chairman of the Board. “Tis deal creates meaningful synergies such as increased combined company revenues driven by additional cross-sell opportunities, loyalty integrations and tech-driven product expansion as well as technology optimisation and greater marketing efficiencies. We look forward to Tilman being an active member of our Board and one of our largest shareholders.”
GLI named as independent testing lab for iGaming in Ontario
Canada
GLI has been named an iGaming independent testing laboratory (ITL) by the Alcohol and Gaming Commission of Ontario (AGCO).
Te registration means that GLI is authorised to test and certify iGaming components such as games, random number generator (RNGs) platforms/ RGS, and cybersecurity, GLI’s services will help to ensure an efficient and timely commencement of operations in the regulated market.
Te AGCO and the province will leverage the benefits of GLI’s 30+ years of international experience in iGaming testing, certification, and consultation. Today, GLI is the only lab working with all existing and
“Tis transaction will add great value to the shareholders as two market leaders merge into a leading global player in digital sports, entertainment and online gaming,” said Tilman Fertitta, Chairman and CEO of GNOG. “Leveraging Fertitta Entertainment’s broad entertainment offerings and extensive customer database, coupled with DraftKings’ mammoth network makes this an unbeatable partnership. Together, we can offer value to our combined customer base that is unparalleled.”
Te acquisition of Golden Nugget Online Gaming will deliver significant strategic benefits to DraftKings as well as expected synergies of $300m at maturity. DraftKings will deploy a multi-brand strategy which will enhance cross- sell opportunities and drive increased market share and revenue growth.
In addition, there will be multiple channels for cost savings by, among other things, eliminating platform costs as a result of migrating Golden Nugget’s current technology to DraftKings’ in-house proprietary platform, recognising enhanced returns on advertising spend through marketing efficiencies, and reducing G&A costs such as duplicative corporate overhead.
emerging jurisdictions worldwide, giving GLI expertise and insight to help AGCO, AGCO-registered operators, and/or gaming-related suppliers successfully navigate the exciting opportunities in Ontario for iGaming.
In addition to Ontario, GLI has helped all other Canadian provinces currently online with their technical standards and/or mission-critical online gaming testing deployments to date, including the Province of Alberta’s most recent online portal’s launch.
“It is extremely exciting to see the future of the iGaming landscape emerge in Ontario. GLI is proud to be a part of it and honoured to have been registered as an authorised test lab by the AGCO,” said GLI CEO James Maida. “We’re always preparing for what’s next- land-based, digital, or both, with experts on the ground around the world.”
Louisiana
Gaming and Leisure Properties has broken ground on a project that will relocate its Hollywood Casino Baton Rouge riverboat casino onto dry land in 2022. Baton Rouge will be the first casino in Indiana to take advantage of a 2018 law change allowing the state’s riverboat casinos to move to a landside facility. Hollywood Casino Marketing Vice President, Aaron Mollura, said: “Going land- based was something we thought would enhance the product and make it better. Te existing Riverboat customers going means up and down a lot of stairs, land-based is one floor, so it’s a lot easier getting in and out. With a boat you’re very constricted to the space you can use.” Te new casino will cover 100,000 sq.ft of land with a single-level 27,000sq.ft casino floor. It will house the existing riverboat casino’s 859 slots and 12 table games as well as a sportsbook.
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