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JCM expands long-term partnership with Churchill Downs

JCM Global has expanded its long-term partnership with Churchill Downs Incorporated (CDI) after they chose JCM as the exclusive gaming transactions solution provider for its newly opened Oak Grove Racing, Gaming & Hotel in Oak Grove, Ky. Each of Oak Grove Racing, Gaming & Hotel’s

1,325 HRMs (Historical Racing Machines) is equipped with JCM’s award-winning iVIZION bill validator, GEN5 Thermal Printer, and ICB Intelligent Cash Box system. The powerful combination of solutions offers Oak Grove premium security, accountability, and effi ciency. “CDI has a great deal of confi dence in the

products and solutions that JCM brings to our parimutuel gaming entertainment venues,” said Duncan McConnell, Sr. Director Slot Strategy and Performance for CDI. “The protections and

Rank off loads Belgian business

Rank has announces it has reached an agreement to sell its Blankenberge casino and associated digital licence to Kindred Group. The disposal is subject to regulatory approvals by the Belgian Gaming Commission and the Blankenberge City Council and constitutes a Class 2 transaction for the purposes of the Listing Rules. Having closed its Middlekerke operations in 2017, Blankenberge has been Rank’s sole remaining casino venue in Belgium. For the full year to 30 June 2020, Blankenberge contributed £2.7 million to Group profi t before tax and reported gross assets of £4.2 million as at 30 June 2020. Rank successfully negotiated the renewal of

its operating licence for Blankenberge in 2018 and has materially improved the venue’s performance in the period since then, increasing its attractiveness to potential purchasers. The online licence attributed to the venue has been operated under licence to Kindred since August 2012.

Total consideration for the sale of the business, which is subject to the regulatory approvals set out above, is £25 million on a cash free / debt free basis, to be satisfied in cash. Net proceeds will be used to reduce the Group’s net debt position and for general corporate purposes. The Group continues to review opportunities for maintaining appropriate levels of debt for the business. The disposal will also support management’s focus on Rank’s transformation 2.0 programme to drive improvement across its core businesses. John O’Reilly, Chief Executive of The Rank

Group Plc, said: “The announcement of the sale of the Blankenberge casino secures the next chapter for a great venue in Belgium and a team that deliver an excellent customer experience to the local community. As a standalone casino, the business was non-core to Rank’s international growth plans and the £25m sale proceeds supports the Group’s liquidity and future growth initiatives.”


effi ciencies they bring to the guest experience are unmatched, and it is a privilege to expand this partnership.” “We have enjoyed a long-term partnership with

Churchill Downs, and we are humbled by their ongoing confi dence and trust in JCM’s products and support,” JCM SVP of Sales Marketing, & Operations Dave Kubajak said. “The greatest compliment a customer can give is expanding their business with you, and we are thrilled to expand our partnership with CDI.”

Featured Product: Dancing Tiger &

Dancing Lantern The latest game releases for the NOVO LINE Interactive platform add two special Asian highlights to the broad NOVOMATIC game portfolio. Dancing Tiger and Dancing Lantern present colourful variations of the popular ALLPAY game play and exciting jackpot thrills. The central character on both titles is the

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