BetMGM Partners with Borussia Dortmund Gaming and Gambling Industry in the Americas

BetMGM Partners with Borussia Dortmund

BetMGM has signed a deal with Borussia Dortmund to become the club's exclusive U. S. regional partner.

The partnership features cross-marketing opportunities as well as fan-focused assets such as social media promotions and a BetMGM customer sweepstakes that will award exclusive Dortmund prizes.

"BetMGM becoming the first U. S. sports betting operator to partner with a German soccer club is a major milestone, and there's no better fit than the legendary Borussia Dortmund. As interest in the Bundesliga in the U. S. continues to soar, BetMGM customers will be able to engage with one of Germany's most prestigious clubs and watch every Bundesliga match through the BetMG app," said Matt Prevost, Chief Revenue Officer at BetMG.

As the exclusive regional partner, BetMGM will have rights to player imagery and team logos, as well as team assets for marketing purposes. BetMGM customers will enjoy exclusive sign-up offers for Dortmund fans and access to co-branded content on the club's English social media channels, @BlackYellow.

"It's great news for U. S.-based fans that they can now watch BVB games on the BetMGM app," said Benedikt Scholz, Head of International/Commercial & New Business at Borussia Dortmund. "Together we will expand our reach and further our presence in the American market," said Scholz.

Related Topics Benedikt Scholz BetMGMBlackYellow Borussia DortmundMatt Prevost Next

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Caesars Sportsbook to Expand Wagering Footprint in Washington, D.C.

September 13, 2024

Caesars Entertainment Inc. announced it will install Caesars Sportsbook self-service kiosks in 53 small businesses in Washington, D. C. The Caesars Sportsbook betting kiosks will replace GambetDC sports betting kiosks currently installed at OLG-licensed sports betting retail locations. In addition to placing bets, the kiosks will also accept cash deposits into Caesars Sportsbook mobile accounts.

"We are thrilled to welcome the Office of Lottery and Gaming to the opportunity to further connect with sports fans in the capital. We are grateful to Caesars Sportsbook for their continued support. Whether sports fans prefer a traditional ticket-in-hand betting experience or simply want to deposit cash into their mobile app account, our kiosks enhance the best-in-class sports betting experience we offer through a combination of options and convenience, and support dozens of local small businesses.

"D. C. residents and visitors will soon have access to best-in-class sports betting kiosks in retail locations across the city. We are pleased to partner with Caesars, a major industry player and leader in the retail sports betting business, which demonstrates their commitment to the D. C. community.

With thousands of markets and high-speed functionality, Caesars Sportsbook betting kiosks deliver the best-in-class sports betting experience sports fans are accustomed to on the Caesars Sportsbook mobile app.

Every bet you make with Caesars Sportsbook, whether at a kiosk, at Caesars Sportsbook at Capital One Arena or on the mobile app, will earn you reward credits redeemable for unforgettable experiences made possible through our industry-leading loyalty program, Caesars Rewards. 21 Sports fans ages 18 and over can download the Caesars Sportsbook app on iOS and Android or access it via desktop.

In July 2024, Caesars expanded its flagship mobile sports betting platform, Caesars Sportsbook, throughout Washington, D. C., except in restricted areas. Caesars has been offering in-person sports betting at Capital One Arena since 2021 through a groundbreaking partnership with Monumental Sports & Entertainment (MSE). Caesars Sportsbook at Capital One Arena made history as the first sportsbook at a professional sports venue in the United States.

The Caesars Entertainment continues to work on promoting responsible gaming and education as Caesars SportsBook expands to more jurisdictions. In 2023, we proved that all Caesters reward accounts could only be used by individuals 21 years old and over, and if they were allowed by law, all gaming, parici triell, sports, and Igaming in Japan We have introduced a renewed policy over the age of 21, which restricts options to the age of 21 and over. This policy over the age of 21 applies to all sports gambling operations performed by CAESARS SPORTSBOOK in Washington D. C.

The Sel f-Service Betting Kiosk in the Caesers Sports Book in Washington, D. C., will carry out a gaming policy of 21 years or older for the enhanced Caesers Entertainment. This policy emphasizes the commitment of Caesters for responsible gaming and as the industry leader, applied to all fac e-t o-face and online operations we implemented.

Latest News

NOVOMATIC: Launch of New Linked Progressive Jackpots at GAT Bogotá

September 13, 2024

Novomatic Colombia participated in GAT Expo Bogota, an authoritative networking event held at Hotel Sheraton Bogota on September 6, 2024. Novomatic Colombia has been preparing for the latest Linked Progressive Jackpot and mult i-game library specially designed for the Latam market. Visitors in the Novomatic lounge enjoyed a special space to provide unique entertainment experiences. There was also a chance to interact with Novomatic experts, explore new products, and see the latest release up close. Novomatic provided a number of exciting special promotions, and the company's booth has become a place where anyone who is interested in the latest progress of game technology can always visit.

Golden Link Saga Announcement

At this event, the lon g-awaited Golden Link Saga, including a number of thrilling games and a great chance of winning, was announced. The line of this lin k-type progressive jackpot solution is a new SUPERIA CASH CASH CASH CONNECTION VOLUME 2 and Master SL 3. 32 Cabinet EDITI It features ON 1 and becomes a game venue Provides a very attractive visual experience.

New jackpot and mult i-game solution

Also on display were the latest titles in the "CASH CONNECTION" series, "NOVO LINE CASH CONNECTION Edition 4" and "PANTHERA 2. 27," which captivated visitors with their cutting-edge graphics and solid gameplay. Also on display were the IMPERA LINK Series 2 and BLACK EDITION II 3. 27 cabinets, combining cutting-edge technology with a sophisticated, luxurious design.

For fans of multi-game libraries, NOVOMATIC exhibited the NOVO LINE with its classic FUNMASTER 2. 27 cabinet, catering to a wide range of player tastes.

"NOVOMATIC's linked progressive jackpots have shown outstanding performance in gaming venues throughout Colombia and Central America, beating the average performance by 30% in all cases. In the past year, NOVOMATIC has placed more than 100 jackpots in the region, highlighting the popularity and success of our solutions," said Manuel Del Sol, CEO of NOVOMATIC Gaming Colombia.

Getting closer to customers

"At GAT Expo Bogota, we exhibited our outstanding range of linked progressive jackpots, which generated great enthusiasm throughout the region. The NOVOMATIC Lounge offered a great opportunity to strengthen our relationship with customers in a more personal and dynamic environment, and our special promotions ensured that all participants experienced the best that NOVOMATIC has to offer," said Monica Serrato, Commercial Coordinator of NOVOMATIC Gaming Colombia.

Canada

Great Canadian Entertainment and Petroglyph Development Group Announce Agreement for Purchase and Sale of Elements Casino Victoria

September 13, 2024

Great Canadian Entertainment announced that it has signed a definitive agreement to sell Elements Casino Victoria to Petroglyph Development Group Ltd. (PDG).

The transaction follows Great Canadian Entertainment's definitive agreement to sell Casino Nanaimo, another Vancouver Island landmark, to PDG. PDG is a wholly-owned corporation of the Sununaimxuu First Nation and is committed to realizing the economic potential of Indigenous peoples.

Great Canadian's board of directors has unanimously approved the transaction, which is subject to customary closing conditions and customary regulatory approvals. Great Canadian will provide transitional services to PDG for up to two years following the closing of the transaction.

"We are excited to have signed this second historic agreement with the Snuneimxuu First Nation. From its opening as View Royal Casino in 2001 to its major expansion and rebranding as Elements Casino Victoria in 2018, we look forward to the next chapter of this beautiful and historic Vancouver Island destination under PDG's stewardship. We are excited to work with the Petroglyph team during the transition to ensure another great outcome for the community, our guests, team members and our Nation," said Matt Anfinson, CEO of Great Canadian Entertainment. Advertisement

PDG President Ellerin Joseph said: "This thoughtful acquisition is something PDG should celebrate in our quest to build a corporate entity that reinvests in Snuneymuxw First Nation. With a strong business plan that mitigates risk and delivers significant benefits, PDG is well on its way to generating wealth for Snuneymuxw and giving us a seat at the table in the local, regional, provincial, national and global economies. On behalf of the Board of Directors, we are pleased to share this news and remain committed to driving economic growth in the region to support all our residents."

PDG CEO Ian Simpson said: "The acquisition of this significant asset unlocks unprecedented economic potential for Snuneymuxw and PDG, paving the way for transformational growth in Snuneymuxw's economy and the benefits PDG will bring back to our Country.

Mcmillan is a legal advisor to Great Canadian. McCarthy Tetlow is a legal advisor, and KPMG Corporate Finance Ink is a PDG financial advisor.

June 1st (Saturday)

Borussia Dortmund vs Real Madrid Odds & Prediction: How to Bet Champions League Final

Borussia Dortmund vs Real Madrid Odds

3:00 pm (eastern United States time Paramount -1360 / +112U Odds by FANDUEL. Click here for the latest soccer odds. At the Champions League Betting Preview on Saturday, June 1st, jump into the odds of Borussia Dortmund vs Real Madrid and predict.

The largest match in the European Club Soccer season has arrived, and Borussia Dortmund will challenge Real Madrid with the title of the Champions League.

While Real Madrid was expected to be a leading candidate for the title battle, Borussia Dortmund was an overwhelming underdog, with a high probability of 90 to 1 in October.

Real Madrid began with +1000 to win the Champions League and steadily lowered throughout the year.

See the latest data on Patrick Everson in SportsHandle for how Better is capturing this contest.

Here's how the Soccer Betting expert analyzes the Champions League finals of Borusia Dortmund vs Real Madrid.

Soccer better must be required app

Best soccerberting score board Free pick by proven professional Live display of the winning rate of the bed Download now BJ Saningham: Dortmund has been unusually improved in the defensive side, with five runs on the forecast of 11. 9 runs through the knockout stage. In the previous match against PSG, he achieved a continuous clean sheet, despite the expected four goals.

Borussia Dortmund

They have been forced to have many negative retreats, but most of the opportunities they forgive were visited when they were equal or led. If you do 38 games in Japan, the variation will be equal, but in a tw o-legged cup game, it tends to be extremely reluctant to play ahead, and the opponent controls the game. Allow you to be vulnerable.

Real Madrid has the world's best transition offense.

Dortmund this season was struggling with defensive in transitions, and the entry rate in the box was 15th from the last third point in Bundesliga. Although Real Madrid's desired, it is not possible to develop and defend, but given the number of opportunities in this match, it is proven that passive defense does not become an effective defense block.

John Olsen: On the way to the finals, Real Madrid once again proved why they won the champions league 14 times, the most recent five times in the past 10 times. I'm not surprised if their club badge is next to the word "inevitable" in the dictionary.

Real Madrid

In the previous section, Los Blancos, who defeated Bavarian Munich in the finals of Yorsel, will play against Germany again in the trophy decisive match. For those who have won the champions league finals eight times in the past, this stage is familiar and is likely to win the ninth championship.

Obviously, for the team on the final stage of the continental tournament, it's already a big deal for Spanish champions. He won 95 points in Liga Espanja, and also won the Spanish Super Cup. In addition, Toni Claus and Nacho Fernandez are both the last match in the club.

There is no doubt that Real Madrid is a winning candidate. Real Madrid has basically all positions in all positions compared to Dortmund, and Carlo Ancelotti is not tactically the best, but to bring out the most power from his team. I know. Carlo Ancelotti does not make full use of stat e-o f-th e-art tactics, but he knows how to make the most of the players who can use it freely. That's why Vinishius Jr., Rodrigo, and Jude Belingham are still strange on paper, but they still work. Los Blancos usually knows that it can play any situation, given the experience of the entire team, in line with the flow of the game.

Unfortunately, Ancelotti must give out some of the missing. Aurelian Chuameni hurts his legs in the second leg with Bavaria, and Andry Rounin stood between the posts after Tivo Curtlow torn ACL, but missed due to illness. There is also the advantage that Curtois returned two weeks ago and the debate of who should start with the goal.

The Champions League finals may be the most "match situation" in recent years. < SPAN> John Olsen: On the road to this final, Real Madrid also proved why they won the Champions League 14 times a record and won the last 10 times in the past 10 times. 。 I'm not surprised if their club badge is next to the word "inevitable" in the dictionary.

Borussia Dortmund vs. Real Madrid

Cunningham: Over 2.5 (-135)

Olsen: Dortmund ML (+440)

The Champions League finals may be the most "match situation" in recent years. John Olsen: On the way to the finals, Real Madrid once again proved why they won the champions league 14 times, the most recent five times in the past 10 times. I'm not surprised if their club badge is next to the word "inevitable" in the dictionary.

BetMGM Sgns Streamng and P Deal wth Borussa Dortmund

The Champions League finals may be the most "match situation" in recent years.

If Real Madrid scores in this match, Dortmund will have to press Real Madrid, which will create space for Vintius Jr., Bellingham and Rodrigo to operate in, and we can expect to concede a lot of goals. This season, Madrid is averaging 2. 70xG per 90 minutes when they are ahead.

The irony for Dortmund is that they are at their best when they can play in transition. However, Real Madrid will not press as hard as PSG will, so Dortmund will likely be forced to break down Real Madrid's defense in build-up situations.

Cup finals are always tight and the atmosphere tends to keep the total score low, but a goal would change the game and make it a more open match with both teams good at playing in transition.

We're facing Real Madrid in the Champions League final.

As I said, the Spanish champions are not that well-coached, just that the best players in the world play in roles that suit them. However, structural weaknesses, especially transition defense, can be exploited. After watching Real Madrid give up more chances than they should in all three knockout matches, there is definitely room for Dortmund to attack them on the break, given the pace and ball carrying of Dortmund's wingers, plus Niklas Fürkrug's ability as a target man.

If this game goes to extra time, I would give Real Madrid a big advantage. And even if Dortmund scores, they will have to contain Real Madrid's attack. With Mats Hummels' form and Gregor Kobel's shot-stopping ability, it's a good chance.

By Cory - More

Payments platform PayNearMe has announced enhanced features that make iGaming deposits and payouts easier for US players and iGaming operators.

Longtime partner BetMGM will be rolling out some of the enhancements on its platform later this month.

Paynearme dramatically accelerates the market in the operator. According to Michael Capran, the highest revenue manager and general manager of Paynearme, "Paynearme is a single integration built for wagging, and a wide range of payments and refunds in a wide range of payments through smartphones. Simplify your experience.

Paynearme is known for cash settlement at a retail store where players can be deposited to sports betting and wagging accounts, but as part of this platform, credit, debit, Ach, Apple Pay, Google Pay, etc. Electronic payments can now be processed. You can also refund your debit card.

"We believe this is a major change." Payment is one of the most difficult part of the operator in the waging and sports gaming fields. Our goals are simplified all of them. The player wants to make a simple and quick deposit experience, and will quickly move to an account.

With this solution, the operator can accept the player's cash and electronic deposits, and can quickly distribute payouts without managing multiple payment providers. Paynearme is the only settlement service provider that players can deposit cards, Ach, Apple Pay, Google Pay, and online game accounts, all of which can be realized on a single platform.

"It's difficult to pay I games," says Capran. "Deposit and payout management is a complex process that requires specially designed technology for the game industry. The operator is inadequate because the billions of dollars are at risk. You can't lose your player with a deposit or cash out experience.

Lottery, casino vote ahead in Alabama legislature

"47 million people need to make a quick payment using smartphones," said Capran. "Paynearme makes this process easier.

Paynearme also makes the players receiving money more easily and quickly. With Paynearme's Push-to-Debit technology, the operator can pay directly to the player's debit card in a few minutes.

"Players don't want to wait days for cashouts," Kaplan said. "One of the best ways to improve the gaming experience is to give players a quick and easy way to withdraw their winnings, and that's what our technology enables operators to do."

Available at more than 26, 000 retailers across the U. S., PayNearMe has the technology powering more than 100 gaming and ADW sites across all legal U. S. markets. In addition to BetMGM, customers include TVG, PointsBet, FanDuel and William Hill. The company works with more than 95% of U. S. gaming operators to digitize cash deposits.

More than 60% of millennial and 48% of Gen Z consumers said they are "very interested" in using mobile wallets as their primary payment method, with Apple Pay and Google Pay becoming important deposit methods for players, Kaplan said.

"The pandemic has accelerated the adoption of remote and contactless payments. "As a result, the majority of sports betting is now done on mobile devices, and the gaming industry needs to solve the new challenges this brings: players need to be able to seamlessly use their smartphones to deposit funds into their accounts, place bets and withdraw winnings."

With PayNearMe Smart Links, operators can use text, email or native app push notifications to send players reminders, announcements, incentive promotions or other information to engage them, along with a link to make a deposit anytime, anywhere, Kaplan said. Operators can use that to drive deposits and retain players, he said.

"PayNearMe has deep gaming industry expertise and has been a longtime partner of BetMGM in creating the industry's best customer experience for cash deposits. When PayNearMe enabled us to expand our frictionless payment experience to more deposit types, we knew it was the best bet for both our business and our customers.

Posted on March 5, 2021 by Cory - More

MONTGOMERY, Ala. (AP) - The Alabama House will head to vote on a lottery and casino bill next week, the bill's sponsor said Thursday.

Republican Sen. Del Marsh of Anniston said he expects his bill, which would be the first major test of his proposal to start a lottery and put as many as 10 casinos in the state, to be introduced on the Senate floor on Tuesday.

If approved by both houses of the Alabama Legislature, the bill would eventually go before voters for approval. Alabamians rejected a state lottery in 1999. Marsh argued that now is the time to put the bill before voters again, and that they will approve it.

"Polls show that even among Republicans, the majority are ready to vote for this," Marsh said.

"There's no question that a lottery is more popular, but gambling is actually more popular than I would have expected from the polls," Marsh said.

Many details of the bill were still pending as of Thursday.

Connecticut: Foxwoods reopens poker room; other areas to follow March 12

Other smaller casino operators would like to join, including those in Downs and Houston counties.

Marsh said another proposal would be to increase the number of casinos from five to seven, based on Alabama's congressional districts, and have casino operators apply for licenses in those two districts.

Marsh argued that he has the 21 votes needed to pass the bill in the 35-member Alabama Senate.

"Whether it's a five-casino plan or a seven-slot plan, I've got the votes," Marsh said of the Senate vote.

But Marsh said the extra work should boost the bill's chances in the House, which has traditionally been skeptical of gambling bills.

Senate Majority Leader Clay Schofield (R-Guntersville) said his constituents support the lottery but not casinos.

"We hear a lot about the lottery. We heard a lot yesterday about people wanting to vote for the lottery. We get so many emails and phone calls against casinos," Schofield said.

Nevada: IGT’s PlaySports platform receives regulatory approval in state

Posted on March 5, 2021 by Cory - More

Foxwoods Resort Casino will reopen its poker room on Thursday, while Rainmaker Casino, Live@Atrium Bar and Topgolf Swing Suite will open on Friday, March 12. "The reintroduction of poker has been one of the top requests from our guests since we began our phased reopening," said Jason Guyot, Foxwoods' interim CEO and SVP of Resort Operations.

Poker at Foxwoods is open daily from 9 a. m. to 1 a. m. with health and safety measures in place, including social distancing, mandatory face masks, plexiglass barriers, digital signage and hand sanitizing stations.

Rainmaker Casino at Foxwoods will be open from 9 a. m. to 1 a. m. on weekends, with the gaming floor sanitized, socially separated and complimentary beverages available. Foxwoods, the largest casino in the Northeast, has plenty of space for social distancing, management says.

VICI Properties announces stock offering to fund purchase from Sands

Topgolf Swing Suite will feature the popular Topgolf Swing Suite target games, Zombie Dodgeball, Hockey Shots Foxwoods is introducing the venue as an interactive social experience with classic arcade games and a full-service craft bar.

Live@Atrium Bar & Lounge is a party bar with free live entertainment, open Friday and Saturday from noon to 2 a. m. and Sunday from noon to 1 a. m.

In collaboration with medical experts, Foxwoods has implemented new safety protocols and work procedures aimed at reducing health risks for guests and employees. Foxwoods said the protocols will continue to be reevaluated and updated as necessary.

Posted on March 5, 2021 by Cory - More

International Game Technology received approval from Nevada regulators on Wednesday for its PlaySports platform for retail and online sports betting. The approval allows IGT's sports betting technology stack to be offered to casino operators across the state.

According to the statement of IGT PlayDigital, ENRICO DRAGO, "IGT has obtained the approval of Nevada's regulatory authorities, and IGT has been expertise in sports betting. It can be expanded to customers and can differentiate it with many other B2B sports betting platform providers. "

Despite posting fourth-quarter loss, Bally’s execs optimistic about 2021 prospects

IGT PLAYSPORTS is deployed in 16 states in the United States, including New Jersey, Pennsylvania, Illinois, and Michigan.

Posted: March 4, 2021 Posted by: COR Y-Others

The sale of $ 6. 25 billion in the Las Vegas Sands Las Vegas Strip district was announced on Wednesday on Wednesday, and when Sands was announced by APOLLO GLOBAL MANAGEMENT and VICI Properties, it became clear that Sands will sell $ 1. 2 billion in the selling finance. 。 Apollo will invest 1. 05 billion dollars, and VICI will bear the remaining $ 4 billion.

VICI announced on Thursday that it will procure some of the acquisition funds in ordinary stocks. The company is looking for 60 million shares at a price of $ 29 per share, and is expected to raise up to 2 billion dollars by adding an option for the underwriter to buy additional 9 million shares.

The company is scheduled to end the public offering on March 8, and will not receive income from the sale at first. The company's cash revenue is used as a part of the purchase price to buy Venetian Casino Resorts and Sands Expo & Convention Center from Las Vegas Sands.

VICI has a triple net lease agreement between Apollo and Venetian. The lease agreement has a total rent of $ 250 million in the first year, and has a tenant update option for 30 years and 10 years.

VICI Properties' stock prices were 29. 19 on March 3 to $ 71 (2. 49 %) on the New York Stock Exchange, up 29. 19.

Posted on March 4, 2021 by Cory - Others

BALLY'S CORP. announced on Thursday's conference call that sales in the fourth quarter of 2020 fell 9. 4 % to $ 118. 1 million to $ 9. 4 % in the fourth quarter of 2019.

The fourth-quarter report was the first for former regional gaming operator Twin River Worldwide Holdings as Bally's Corp. In November 2020, the Rhode Island-based company acquired the rights to Bally's and rebranded it to take advantage of the historic gaming industry name.

But Bally's executives are upbeat about 2021 and beyond, optimism that stems from an unprecedented number of acquisitions and partnerships the company made last year, including the Nevada Gaming Control Board's recommendation on Wednesday to approve a license for Bally's acquisition of Mont Blanc Resort, Casino & Spa in Lake Tahoe.

Bally's CEO George Papania called 2020 an "incredible, transformative year" for the company.

"By announcing various partnerships and strategic acquisitions, we continue to evolve from a single-property operator in Rhode Island to one of the leading players in the country.

Including recent acquisitions made prior to the name change, Bally's will ultimately have 15 casino properties in 11 states: Bally's Atlantic City Hotel & Casino, Eldorado Resort Casino Shreveport, Louisiana, Casino Vicksburg, Mississippi, and Casino KC, Missouri.

Bally's also acquired Bet. Works, which provides a sports betting platform to operators in New Jersey, Iowa, Indiana, and Colorado, gaming platform daily fantasy sports operator Monkey Knife Fight, and free-to-play sports games provider SportCaller. The company also entered into a media partnership with Sinclair Broadcast Group in November 2020.

IGT posts strong 2020 cash flow; fourth-quarter loss, revenue miss Street forecasts

Despite these setbacks, Bally's generated operating cash of $17. 8 million in the fourth quarter of 2020, compared to $21. 4 million in the same period in 2019.

"We have continued to adapt and adjust to highly dynamic and unpredictable market conditions as a result of the COVID-19 pandemic," Papanier said.

Papanier added that the company had spent a long time to evaluate the assets held by COVID-19's health concerns.

"As a result of the suspension of operation, we believe that many of the efficiency that have been realized will be sustainable over the long term, which will lead to future facilities."

In 2020, the company recorded $ 5. 5 million. Sales were reported to be $ 372. 28 million, fell 28 % from $ 523. 6 million in 2019.

Bally's stock price dropped by $ 8. 31 on Thursday's New York Stock Exchange, dropping 13. 7 % from the previous closing price of $ 60. 61.

Posted: March 4, 2021 Posted by: COR Y-Others

In the second half of the year, the recovery lottery business and disciplined cost management, which accelerated in North America, became a tailwind, pushing the international game technology 2020 cash flow. However, the company recorded deficit and sales in the fourth quarter, all below the Wall Street forecast.

In a statement announced on Tuesday, Slot Maker, headquartered in London, announced that the thre e-month net loss ended on December 31 was $ 242 million and 18 cents per share. Mainly a foreign exchange loss without cash spending of the euro bonds has affected the financial results.

Analysts investigated by Zachs Investment Research anticipated IGT's interests per share on average.

The cash flow indicators, excluding temporary costs, have declined $ 295 million in interest rates, taxes, and depreciation of $ 365 million in the previous year.

Sales fell 14. 9 % to $ 885. 1 million to $ 885, 1 million, below $ 14. 9 %, below $ 976. 4 million.

By segment, the world's lottery sales in the fourth quarter up 11 % to $ 630 million, and the world's game sales decreased by 46 % to $ 255 million.

In a conference with analysts and journalists, IGT's highest executive officer (CEO) was a pandemic (global epidemic), but continuously in the digital and betting business. He said that it was a powerful finish for 2020. With the strong achievements of lottery and disciplined capital management, the free cash flow in 2020 was $ 576 million in total, creating the highest level of free cash flow in the past five years.

"Market dynamics have led us to think differently about our day-to-day management. In April, we set an ambitious goal to preserve cash with a $500 million program of temporary cost reductions and avoidance, which we have achieved. This experience has allowed us to maintain our cost structure and has opened new business opportunities."

Analysis: $6.25B sale of Sands’ casinos underscores Strip value, company’s Macau focus

Sala said IGT will also benefit from the sale of its Italian gaming machine and sports betting business to Apollo's Gamenet Group for $1. 2 billion in cash. The transaction is expected to close during the first half of this year.

Sala said the sale will improve the balance of IGT's business mix and reduce its exposure to the Italian market, which has seen the most regulatory volatility and reduced profits in recent years.

Chief Financial Officer Max Chiara said the pandemic has created enough uncertainty that IGT cannot provide full-year guidance. He said the company expects to post higher operating income and global lottery revenues in the first quarter of 2021 compared with the same period a year ago, driven by growth trends in instant tickets and lottery games.

For the full year ended Dec. 31, IGT said its loss widened to $897. 9 million, or $4. 39 per diluted share, from $19 million, or 63 cents per diluted share.

Full-year sales fell 22. 0% to $3. 12 billion from $4. 03 billion.

IGT shares fell in both regular and after-hours trading on the New York Stock Exchange on Wednesday. The stock closed at $18. 23 in regular trading, down 14 cents (0. 76%), and at 5pm PST was down another 19 cents (1. 04%) to $18. 04.

Posted on March 4, 2021 by Cory - Other

Las Vegas Sands will become a fully-fledged Asian conglomerate if the $6. 25 billion sale of its flagship resort and convention property on the Strip closes by the end of 2021.

The deal, coming roughly two months after the death of founder Sheldon Adelson, was no surprise.

Las Vegas Sands' integrated resorts in Macau and Singapore provided 87% of the company's total sales of $13. 74 billion in 2019. Even in the pandemic-hit 2020, Macau and Singapore accounted for 79. 5% of the company's total revenue of $3. 6 billion.

The Venetian on the Las Vegas Strip

What got the investment community excited was the value the deal gave to Las Vegas Strip real estate and the idea that the two companies, investment fund Apollo Global Management and real estate investment trust VICI Properties, were betting that Las Vegas would bounce back from its worst performance since the mid-1990s.

"We believe this transaction highlights the value of Las Vegas and further validates the view held by other analysts that the recovery will be quicker than feared," Chad Beynon, gaming analyst at Macquarie Securities, told investors.

Roth Capital Partners gaming analyst David Bain agreed, saying Strip landowners should be excited about the sale.

"The transaction announced today underscores institutional investor interest and confidence in the long-term sustainability and earning power of the Strip, despite the currently well-known COVID-related challenges," Bain said.

Las Vegas Sands shares hit a 52-week high of $66. 76 before closing at $65. 97, up $1. 02, or 1. 57 percent, on the New York Stock Exchange. VICI also closed at $29. 19, up 71 cents, or 2. 49 percent, on the New York Stock Exchange after hitting a 52-week high of $29. 33 on Wednesday.

Joe Greff, a gaming analyst at J. P. Morgan, said Las Vegas Sands "didn't leave any value of Las Vegas on the table." The deal also had positive effects on the Strip, as well as the regional gaming market and the online sports betting and gaming community.

"We believe gaming assets remain attractive to private equity, raising valuation floors across the sector," Greff said.

Asia is Sands' focus

Las Vegas Sands announced last fall that it had engaged an advisory firm to explore a sale of its Las Vegas operations.

Many analysts speculated that Las Vegas Sands was following in the footsteps of MGM Resorts International, which sold the Bellagio, MGM Grand and Mandalay Bay in two separate REIT deals, fetching $8. 2 billion, but retaining the businesses through leaseback arrangements.

Las Vegas Sands' leadership had a different plan. Some industry observers speculated that the initiative was set in motion by Adelson, who beat non-Hodgkin's lymphoma in 2019. He went on medical leave on January 7 after resuming treatment for the disease, but died five days later at age 87.

Sheldon Adelson, who died in January at age 87, expressed optimism about Macau's economic recovery from the COVID-19 pandemic during his final earnings call in October.

Completely selling Las Vegas's holdings means that Dr. Miam Aderson, the largest shareholder with 57 % of shares, will no longer be licensed by Nevada's gaming regulations.

Discussions with advisors are 2, 25, 000 square feet casino spaces between Venetian and Parazo, and 63 acras in the Sands Expo & Convention Center with a 2. 3 million square feat convention space. It was fruited in that form. In addition, the 1 9-acres land behind Venetian is related to the MSG Sphere under construction. The MSG Sphere is a 18, 00 0-seat entertainment facility built with $ 1. 7 billion, and will open in 2023.

It is clear that the focus of Las Vegas Sands is behind the earth.

"Rubgas Sands Chairman and CEO CEO Rob Goldstein said," Asia is still our core, and developing in Macau and Singapore is the focus of our company. "We are always our real estate and those communities. We are looking for a way to reinvest.

In the past five years, the company has spent $ 5. 7 billion in Macau's renovation and expansion, of which $ 2. 2 billion has been rebranded Sands Cotai Center as The Londoner Macau. Las Vegas Sands has already spent $ 1 billion of the $ 3. 3 billion of the 3. 3 billion dollar, which is scheduled to expand the no n-gaming division in Singapore.

Apollo is back to the strip

With this transaction, two companies related to bankruptcy rehabilitation of Caesars Entertainment in 2017 will be together.

Apollo is one of the two private equity companies that invested $ 31 billion in Harrah's Leverage Dubyouts in 2008 in 2008. By 2015, Caesters Entertainment, which was renamed, applied for Chapter 11 of the Federal Bankruptcy Law with more than $ 24 billion debts after struggling with other game industries in the catastrophic recession.

Apollo has lost Caesters ownership. VICI was born from bankruptcy, acquired more than a dozen Caesers, and leased to the company. Currently, VICI owns nearly 30 gaming facilities leases to five operators.

Apollo is the sixth tenant for VICI, which requires the help of Las Vegas Sands, and Sands provides a $ 1 billion monetary in the form of a Term loan and collateral contract. Apollo invests $ 1. 05 billion. VICI pays $ 4 billion to real estate and buildings.

Apollo currently has investments in the gaming industry, including Canadian casino operator Great Canadian, IGT's Lottomatica business and investments in Europe's largest lottery operator Sazuka.

But Apollo is not a casino operator. The current Venetian Palazzo management team, led by CEO George Markantonis, will continue to oversee the complex.

Nevada: Bally’s approved by gaming regulators to take control of Tahoe’s Montbleu Resort

Leaving Las Vegas

Las Vegas Sands is not leaving Las Vegas entirely. For now, the company name and headquarters will remain in Southern Nevada.

Las Vegas Sands hopes to use the $6. 25 billion it receives from the deal for other opportunities in the U. S., including its foray into online gaming and online sports betting, potential casino legalization in Texas and business opportunities in New York City.

"There are also potential development opportunities across the country where we believe significant capital investments could provide significant benefits to the jurisdiction while also providing very strong returns to the company," Goldstein said.

Howard Stutz is executive editor of the CDC Gaming Report. Contact him at hstutz@cdcgaming. com. Follow him on Twitter at @howardstutz. Posted on March 4, 2021 by Cory - Other

After more than two and a half hours of discussion on Wednesday, the Nevada Gaming Control Board approved Bally's Corp.'s license request for the acquisition of MontBleu Resort in Lake Tahoe.

The unanimous vote by the three-member board gives the Rhode Island-based company a presence in Nevada, adding to a portfolio that includes 11 casinos in seven states, including recently acquired casinos in Kansas City, Missouri, and Vicksburg, Mississippi.

Miss Universe competition to air live from Florida in May

With the acquisition of the Sports Betting Platform Bet. works in November 2020, Villies will establish an omn i-channel interactive betting division. According to Papanier, the company is organized in two different departments, Bally's Casino provides a lan d-based casino business, and Bally's Interactive offers sports betting, egaming, and other formal interactive gaming technology.

Last year, Bally's Sue Kim spent $ 20 million from Caesters Entertainment to acquire the rights of Bally's trademark and company name. According to President Kim, the partnership with Synchrare Broadcasting, which was announced in November 2020, not only strengthens sports betting business, but also diversifies Vary's assets.

"We are not only a game company, but it is starting to become a technology company (through the acquisition of Bet. works)," Kim said.

Before the approval of the Nevada Gambling Committee on Wednesday, analysts said that the acquisition of Barry Mont Blue would be a pr e-touch to add a facility to Las Vegas. However, the members of the Gaming Control Committee did not ask Barry executives about the Las Vegas strip planning plan. The conditions for BALLY's acquisition of MONTBLEU have not been announced.

Posted: March 4, 2021 Author: COR Y-Others

For the first time in a year and a half, the Miss Universe tournament will be revived on May 16th.

The 69th Miss Universe will be held at Seminol Hard Rock Hotel & Casino Hollywood.

Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

Vendor - Internet Gaming. A, B, C, D, E, F, G, H, I. 1, Vendor Registration - Internet 1x2 Network America Inc. , Ste. 23 24 25 30 Create Business Hub. All the latest news, analysis, and data for the online sports betting industry. Keep track of all the sports betting tech, financial data, and regulations. BetMGM has partnership deals with the NFL and teams like the Philadelphia About the Author. Shelly Schiff has been working in the gambling industry.

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