CASINO NEWS IGT ADVANTAGE selected by Sydney Hotel Resort

IGT has announced that its award-winning IGT ADVANTAGE has been selected to enhance the player experience atCrown Sydney Hotel Resort in New South Wales, Australia, which is scheduled to open in early 2021. The innovative IGT ADVANTAGE system will connect live and electronic table games (ETGs) at the exclusive, tables-only VIP casino in the Barangaroo precinct on the foreshore of Sydney Harbour. As part of the installation, IGT will also deploy its proven M5 Service Window technology on the property’s ETGs. “Crown selected the IGT ADVANTAGE casino

management system and solutions for Crown Sydney because of their inherent fl exibility and proven effi ciency, which will place our operation at the cutting edge of gaming technology,” said Sean Knights, Executive General Manager – Gaming, Crown Sydney. “Crown Resorts is internationally renowned for delivering a premium guest experience, and the IGT ADVANTAGE solution provides a suite of tools to assist Crown Sydney in ensuring the provision

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4 AUGUST 2020

of an unparalleled gaming experience for our premium customers.” “The IGT ADVANTAGE solution will offer Crown

Sydney a compelling market position with advanced features that deliver greater player convenience, strengthen player loyalty, and generate deep business insights,” said Dallas Orchard, IGT Chief Operating Offi cer, Asia Pacifi c. “Our systems solutions will signifi cantly benefi t Crown Sydney guests and employees by providing unique capabilities that enhance gaming experiences and player safety.” The IGT ADVANTAGE casino management

system offers the deepest and most robust modules portfolio in the casino industry, with features and apps that set casinos apart from the competition. With the ability to integrate seamlessly with best-of-breed third-party technology, it enhances business processes while giving operators the tools to provide personalized player experiences and streamline operations. A fully fl exible content manager, M5

technology is based on the HTML5 industry standard, enabling staff to easily personalize Service Window and banner content, leveraging the full ETG game screen to display bonus content, ads, and promotions tailored to a player’s profi le. M5 also helps to reduce kiosk and players’ club lines, enhancing social distancing by enabling players to safely stay on their machine and in their own personal space. The fi rst casino in Australia to open in more

than a decade, the Crown Sydney Hotel Resort will also be the city’s fi rst-ever six-star hotel, located in a landmark building with views of the Sydney Harbour Bridge and Sydney Opera House. In addition to its VIP gaming facilities, Crown Sydney will include 349 hotel rooms and suites, luxury residences, signature restaurants, bars, luxury retail outlets, pool and spa facilities, and conference rooms.

Century Casinos enters agreement to sell Calgary operation

Century Casinos has announced that its subsidiary Century Resorts Alberta (CRA) has entered into a defi nitive agreement to sell the casino operations of Century Casino Calgary to 2267166 Alberta for CAD $10million (US $7.5 million) plus a three year quarterly earn out as specifi ed in the agreement. The CAD 10.0 million was paid at the execution of the defi nitive agreement and is non- refundable, except as described in the Agreement, but subject to working capital and other adjustments. CRA will continue to operate Century Sports (sports bar, bowling and entertainment) and to own the real estate. The Agreement contemplates that CRA will enter

into a lease agreement with the buyer for the Calgary premises. The lease will have an annual net rent of approximately CAD 480,000 (US

$358,102) and a term of three years. “This transaction immediately strengthens our balance sheet,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Offi cers of Century Casinos remarked. “The Calgary casino is one of our smaller operations, contributing $8.4 million in net operating revenue and $1.2 million in Adjusted EBITDA (approx. half from the casino operations we are selling and half from sports bar, bowling and entertainment operations we will continue operating) in 2019,” Haitzmann and Hoetzinger concluded. The transaction, which is expected to close in

fall 2020, is subject to approval by the Alberta Gaming, Liquor and Cannabis Commission, but the CAD 10.0 million payment already made to Century Casinos is non-refundable except as described in the Agreement.

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