Casino workers are on strike in Detroit following the UAW

Another group of Detroit workers is placing their bets on a strike

Casino workers at MGM Grand Detroit, MotorCity Casino, and Hollywood have walked out

Published on October 18, 2023 You may get a commission from the link on this page.

A casino staff in Michigan seeking improvement of working conditions. Photo: Rebecca Cook/File Photo

Picket lines of automotive workers still decorate headlines. Now, Detroit casino workers are also rushing in the strike. Like the workers in the automotive industry, thousands of game industry workers also increase wage, better medical systems, retirement, and employment stabilization in the era of technology, and raises record profits. We are looking for an employer.

Casino of interest: MotorCity Casino

The impact of the strike has already been visible because the motor city has updated the website and has been temporarily closed for the staff's walkout. Today (October 18) The list of services that cannot be used as soon as the morning is as follows:

High Limit Table Game

❌ 1st floor slot

❌ Funduel Sports Book does not accept bets in both fac e-t o-face or kiosk (please bet with a mobile app). "

Some restaurants and bars

❌ Lacquer gift shop

Detroit casino strikes, by the digits

99%: Strike approval voting on September 30. To Detroit's casino cartel, the union members have brought huge profits to these companies, and send a clear message that it has come to share wealth. " ・ The chairman of Oblien said at the time.

3, 700: 3, 700: The number of casino workers performing strikes in three casinos of Detroit is hired as dealers, eating and drinking staff, cleaning staff, staff, and engineers.

1, 500: The anecdote that the amount of work for existing employees who are struggling to take lunch and holidays has increased due to the decline in employment after pandemics. As part of the contract negotiations, casino employees are calling for a reduction in the amount of work.

3%: The increase rate of Detroit casino employees after September 2020.

8: The retirement allowance of a casino employee has been left unchanged.

227 billion dollar gaming income record of 2022 in the Detroit casino industry. Detroit's total of three casinos.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

$ 738, 000: According to a DCC report announced on Monday, tax revenues in cities and states, which are dangerous every day on a strike. "For Detroit, the gambling tax is an important source of income for the creation, security, economic development, and youth development program," said the union. "In 2022, gambling tax exceeded property tax, and became the second highest source of the city.

In the 3. 4 million dollar DCC calculation, the income of the casino operator is exposed every day on the strike.

Quotable: Casino workers are striking in other places, too

"We are fighting to raise the wages and standards of casino workers, from Detroit to Vegas and Penjylvania. Hospitality workers through the United States and Canada are at risk of pandemic and raising salaries. He continued to do business, and now has a strike with hundreds of thousands of workers in other industries in Detroit, Los Angeles, and Vancouver. "

-Gwen Mills, North American Hospitality Union, Unite Hre International Union Secretar y-General and Finance

A non-exhaustive list of other strikes in Michigan

More than 32 days of union members of Ford, General Motors, and Stellalantis have been striking for over 32 days. Ford temporarily returned nearly 2, 500 workers, and the founder Henry Ford's grea t-grandson, Bill Ford, desperately appealed to the strike.

📋 More than 1, 000 Workers of Brucros Blue Shield in Michigan on September 13 protested on September 13 in seeking to improve wage, improve retirement allowance, abolish multiple salary systems, and suspend medical insurance companies. , I left from the workplace. < SPAN> 3%: The rise rate of Detroit casino employees since September 2020.

8: The retirement allowance of a casino employee has been left unchanged.

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Casnos n Detrot Extend Closure Puttng Workers On Furlough

227 billion dollar gaming income record of 2022 in the Detroit casino industry. Detroit's total of three casinos.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

In the 3. 4 million dollar DCC calculation, the income of the casino operator is exposed every day on the strike.

"We are fighting to raise the wages and standards of casino workers, from Detroit to Vegas and Penjylvania. Hospitality workers through the United States and Canada are at risk of pandemic and raising salaries. He continued to do business, and now has a strike with hundreds of thousands of workers in other industries in Detroit, Los Angeles, and Vancouver. "

-Gwen Mills, North American Hospitality Union, Unite Hre International Union Secretar y-General and Finance

📋 More than 1, 000 Workers of Brucros Blue Shield in Michigan on September 13 protested on September 13 in seeking to improve wage, improve retirement allowance, abolish multiple salary systems, and suspend medical insurance companies. , I left from the workplace. 3%: The increase rate of Detroit casino employees after September 2020.

8: The retirement allowance of a casino employee has been left unchanged.

227 billion dollar gaming income record of 2022 in the Detroit casino industry. Detroit's total of three casinos.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

Gaming manufacturing silenced, so Philadelphia-based KGM turns to medical face shields

227 billion dollar gaming income record of 2022 in the Detroit casino industry. Detroit's total of three casinos.

In the 3. 4 million dollar DCC calculation, the income of the casino operator is exposed every day on the strike.

-Gwen Mills, North American Hospitality Union, Unite Hre International Union Secretar y-General and Finance

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Posted: April 10, 2020 Author: COR Y-Others

On Saturday, Eldorado Resorts confirmed plans to temporarily dismiss 90 % of national employees, and added that the top five, including the Tom League CEO, would reduce the basic salary of the top five.

The regional casino operating company, headquartered in Reno, temporarily needed to maintain 23 facilities in 11 states (all closed from last month due to the popularity of COVID-19 Coronavirus). When it shifts to the "minimal workforce", it is listed on the documents submitted to the Securities and Exchange Commission on Friday morning.

The temporary return is "90 % of employees and headquarters staff of each facility."

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

Economist: Tribal casinos lost more than $1.5 billion during first two weeks of shutdowns

227 billion dollar gaming income record of 2022 in the Detroit casino industry. Detroit's total of three casinos.

According to the SEC submitted documents, Eldorado will continue to pay health allowances to employees who are returning home from the company's health insurance until June 30.

Eldorado has announced that five executives, including the league chairman of Gary Karano, and the CFO Brett Yunker (CFO), will reduce the basic salary at a private ratio.

Eldorado's temporary holidays will lead to similar measures by other casino companies nationwide, such as Penn National Gaming, Boyd Gaming Corp., MGM Resorts International, Caesars Entertainment. Las Vegas Sands Corp., Wynn Resorts, and Station Casinos promise to pay employees until May 15.

Eldorado and Caesars are in the final stages of completing their $17. 3 billion merger. The deal is expected to close by the end of June, but is subject to approval from gaming regulators in Nevada, New Jersey and Indiana, as well as the Federal Trade Commission. Analysts say the deal remains fully financed and will create the industry's largest regional player with about 60 properties in 18 states.

On April 3, Las Vegas-based Caesars announced it would furlough 90% of its employees. The Las Vegas-based company is also closing its entire casino portfolio of 53 properties in 14 states due to the pandemic. Caesars employs 64, 000 people across its organizations, according to a 10-K filing with the SEC.

Eldorado is the acquiring company in the merger. Eldorado's management will manage the combined company and will assume the Caesars name.

In March, Eldorado agreed to sell its management interest in Lake Tahoe's MontBleu Resort to Las Vegas-based Maverick Gaming for an undisclosed price. In January, it agreed to sell Eldorado Shreveport, Louisiana to Maverick for $230 million.

Both deals are expected to close later this year, clearing the antitrust concerns that had been hanging over the deal.

Eldorado also has agreements to sell Isle of Capri Kansas City in Missouri and Lady Luck Vicksburg in Mississippi to Twin River Worldwide Holdings for $230 million, a deal that is expected to close later this year.

Howard Stutz is executive editor of CDC Gaming Report. Contact him at hstutz@cdcgaming. com. Follow him on Twitter @howardstutz. Posted on April 10, 2020 by Cory - Other

The manufacturing lines at Philadelphia-based KGM Gaming normally produce casino seats, slot bases, millwork and interior and exterior casino signage products for Ainsworth slot machines.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

Regional casino operator Eldorado Resorts expected to furlough employees on Saturday

Last month, Pennsylvania shut down the casino industry to slow the spread of the coronavirus.

KGM Gaming workers are making medical face shields instead of slot machine accessories to support Philadelphia hospitals/Courtesy Photo

As a result, Lance Wis, the vice president of the KGM seating division, came up with a way to support the state to deal with virus infection. He contacted another manufacturer, and both companies partnered to manufacture medical face shields for medical professionals, including doctors, nurses, and important employees.

Filadelphia is sufficient for a lack of personal protection (PPE), like a medical shield, as in other areas in the United States.

"We have entered a mode to check what we can do by trying to match our abilities with the biggest needs," said Weiss.

In order to comply with CDC and Pennsylvania's guidelines, Wises and KGM staff have launched a production line from their private roads to meet the demand for medical face shields.

"When the production of medical face shields was decided, the safety of the team was the first thing. did."

KGM gaming employees are creating medical face shields instead of slo t-machines accessories to support Philadelphia hospitals.

According to Weiss, KGM teams are currently producing nearly 1, 000 medical shields a day based on the possibility of obtaining materials. Face shields are distributed to hospitals in the Philadelphia metropolitan area.

According to Weiss, KGM has applied to Pennsylvania for indispensable status to use manufacturing facilities to respond to "overwhelming" demand to safely add employees to the manufacturing process. Say.

📋 More than 1, 000 Workers of Brucros Blue Shield in Michigan on September 13 protested on September 13 in seeking to improve wage, improve retirement allowance, abolish multiple salary systems, and suspend medical insurance companies. , I left from the workplace. 3%: The increase rate of Detroit casino employees after September 2020.

8: The retirement allowance of a casino employee has been left unchanged.

227 billion dollar gaming income record of 2022 in the Detroit casino industry. Detroit's total of three casinos.

More than 500 Indian casinos operated by the 296 tribes in 29 states have been closed by the American indigenous government for several weeks in March.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

Gaming industry annual shareholder meetings going virtual due to coronavirus

Last month, Pennsylvania shut down the casino industry to slow the spread of the coronavirus.

According to Meister, "many tribes are the operations of tribal governments, infrastructure, social and economic programs, and the services of the native American population that are already in effect disadvantages. It depends greatly on the related income. "

According to the Indian Gaming Committee, in the las t-al l-time total total, the gaming income of tribes nationwide increased by 4. 1 % to $ 33. 7 billion. According to Meister, the tribes are expanding businesses other than gaming, such as meals, retail, and other entertainment attractions.

"With the tribal casino closed, the adverse effects on tribes and the economy will increase," said Meister.

According to the American Gaming Association, 43 and nearly 1, 000 commercial casinos and tribal casinos nationwide are closed for pandemics, and more than 680, 000 employees are closed.

According to Meister, the loss at the tribal casinos has influenced the US economy as a whole, and is $ 4. 4 billion as a loss of economic activities, including suppliers, governments, and employees.

Due to the pandemic influence, the National Indian Gaming Association was forced to postpone the annual conference and trade fair held last month in San Diego. It is unknown how long the closure will last.

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted on April 9, 2020 by Cory - Others

ELDORADO RESORTS is expected to temporarily return to most employees nationwide on Saturdays after paying wages and benefits to employees during the national casino industry, which began last month due to the epidemic of colonovirus. be.

Among the three flagship casino resort employees in downtown, Reno, the headquarters of Eldorado, General Manager Tracy Mimuno said to the ful l-time staff. Less than three months) I told you that you will be on vacation. CDC Gaming Reports received a copy of this memo.

The company officials said on Thursday, except that similar notifications will be distributed at 23 facilities in Eldorado in 11 states. Eldorado promised workers last month until Friday.

According to the company's 10K files submitted to the Securities and Exchange Commission, Eldorado has employed about 15, 500 nationwide.

Eldorado's regional casinos have been closed by the US state governor and state coaching agency since mi d-March. Last month, Steve Sisolak Nevada, the Governor of Steve Sisolak Nevada, ordered Casino, Schools, and unnecessary businesses in the state from March 18 to April 15 to delay the spread of COVID-19. He extended his casino to April 30.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

Casino ops and COVID-19

Last month, Pennsylvania shut down the casino industry to slow the spread of the coronavirus.

"I can't resume normal work or call back," says Mimuno. Eldorado will continue to pay for health allowance until June 30, and will allow employees to use the "flexible time off" for the first week of temporarily returning.

"I couldn't let you know more quickly because of the sudden unexpected situation related to the COVID-19 pandemic," says Mimuno.

Eldorado's temporary holidays are similar measures by other casino companies nationwide, including pennatal gaming, voice gaming, MGM resorts International, and Caesters Entertainment. Las Vegas Sands Corp., Wynn Resorts, and Station Casinos have promised to pay employees until May 15.

Eldorado and Caesers are the final stages of completing $ 17. 3 billion. The transaction is expected to be completed by the end of June, but it is necessary to approve gaming regulations and the Federal Trade Commission in Nevada, New Jersey, and Indiana. Analysts have stated that the transactions will remain in full loan, and the industry's largest regional companies with about 60 facilities will be born in 18 states.

On April 3, Caesters, headquartered in Las Vegas, announced that 90 % of all employees will be temporarily fired. The company, headquartered in Las Vegas, has closed the entire casino portfolio with 53 facilities in 14 states for pandemic. According to a 10-K submission document to the SEC, Caesers employ 64, 000 people throughout the organization.

Eldorado is a merger acquisition company. Eldorado management manages the operation after the merger, and the company will take over the name of Caesters.

In March, Eldorado agreed to sell Mont Blue Resort's Mont Blue Resort's rights to Marvelick Gaming, based in Las Vegas. In January, the Louisiana Eldorad Schlieboport was agreed to sell Marvelic for $ 230 million.

Both transactions are expected to be completed in the latter half of this year, and the problem of the monopoly law, which had been hanging on this transaction, will be removed.

Eldorado has also signed a contract to sell Lady Luck VickSburg in Missouri and Mississippi to Twin River Worldwide Holdings for $ 230 million. 。

Eldorado's closing price on Thursday was $ 18. 11, cheaper (0. 22 %).

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted on April 9, 2020 by Cory - Others

COVID-19 Coronavirus's pandemic proposal and public health policy have changed the schedule of the planned General Assembly of the Annual Shareholders into a virtual platform.

Boyd Gaming, a regional casino operating company based in Las Vegas, is the first company to hold discussions with shareholders through audio webcast on Thursday. On April 30, VICI Properties, a real estate investment trust, will hold an annual general meeting through the Internet.

MGM Resorts International and MGM Growth Properties will hold an annual meeting on May 6 in virtual.

Las Vegas Sands said on May 14 at Venetian, Las Vegas, but shareholders could change to virtual format.

Evolving the System

Last month, Pennsylvania shut down the casino industry to slow the spread of the coronavirus.

Las Vegas Sands has stated that "it may impose additional procedures and restrictions on the attendees," and there is a possibility that a meeting will be held in a virtual manner.

Nevada Governor Steve Sisolak issued an order to the state at home until April 30, and extended unnecessary companies, schools, and casino industries until the same day. The gaming industry in the state has been closed on March 18.

Attendants at the live shareholders' meeting are always different depending on the company. If you are a small casino operating company or manufacturer, only a few shareholders may be gathered. Large companies are known for their hundreds of shareholders, and all shareholders can ask questions to the Board of Directors and CEOs.

Shareholders are usually held only for shareholders on a specific date.

The same rules are applied only via a we b-based platform. Shareholders can access using the private passcode listed in the power of attorney.

"The Company will use online tools to ensure the access and participation of shareholders, and given the same rights and opportunities to participate as the general meeting of shareholders to meet directly to the access and participation of shareholders. I designed the format. "

Both Boyd Gaming and VICI have requested shareholders to submit questions in advance, and have prepared various online formats. There are no video elements at the virtual annual general meeting. < SPAN> Las Vega s-based regional casino operating company Boyd Gaming is the first company to hold discussions with shareholders through audio webcast on Thursday. On April 30, VICI Properties, a real estate investment trust, will hold an annual general meeting through the Internet.

MGM Resorts International and MGM Growth Properties will hold an annual meeting on May 6 in virtual.

Las Vegas Sands said on May 14 at Venetian, Las Vegas, but shareholders could change to virtual format.

"We were planning to hold an annual general meeting directly, but in light of the Coronavirus pandemic (global trends), we are paying close attention to protocols that can be recommended or demanded by the federal government, state government, and local governments. The company states in a power of attorney.

Las Vegas Sands has stated that "it may impose additional procedures and restrictions on the attendees," and there is a possibility that a meeting will be held in a virtual manner.

Shareholders are usually held only for shareholders on a specific date.

The same rules are applied only via a we b-based platform. Shareholders can access using the private passcode listed in the power of attorney.

Both Boyd Gaming and VICI have requested shareholders to submit questions in advance, and have prepared various online formats. There are no video elements at the virtual annual general meeting. Boyd Gaming, a regional casino operating company based in Las Vegas, is the first company to hold discussions with shareholders through audio webcast on Thursday. On April 30, VICI Properties, a real estate investment trust, will hold an annual general meeting through the Internet.

MGM Resorts International and MGM Growth Properties will hold an annual meeting on May 6 in virtual.

Las Vegas Sands said on May 14 at Venetian, Las Vegas, but shareholders could change to virtual format.

Las Vegas Sands has stated that "it may impose additional procedures and restrictions on the attendees," and there is a possibility that a meeting will be held in a virtual manner.

Shareholders are usually held only for shareholders on a specific date.

The same rules are applied only via a we b-based platform. Shareholders can access using the private passcode listed in the power of attorney.

Both Boyd Gaming and VICI have requested shareholders to submit questions in advance, and have prepared various online formats. There are no video elements at the virtual annual general meeting.

In a statement, VICI said, "This year's annual meeting will be held in a virtual meeting format, but we are committed to the philosophy of participating in shareholders, and the future year's general meeting is the normal situation. I'm going to return to a meeting format that meets directly. "

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted on April 9, 2020 by Cory - Others

I have been running a casino for more than 30 years, so ideally, we can provide practical advice on how to deal with Coronavirus pandemic related to our casino world. I want to be. Unfortunately, my experience has little meaning. Because this episode has never been seen before.

Station Casinos commits to paying its out-of-work employees through May 15

Last month, Pennsylvania shut down the casino industry to slow the spread of the coronavirus.

Today's situation is significantly different. There is no doubt that there is a serious supply problem. When I asked a friend's owner why he decided to close it as soon as the government's obligations, he replied, "If there is no toilet paper, it is difficult to run a casino." If you witness the shelves of the shops that were once full of paper products, it would be possible for everyone to testify that it would be as difficult to run a family.

However, there are some parts that are similar to gas deficiency, which is more than a supply problem. Harvard University Economist Kenneth Logov states in a recent article on the Guardian paper: "Unlike the two world recession that occurred this century, the new Coronavirus COVID-19 means not only the demand shock but also the supply shock. I can't find anything.

That's ridiculously obvious. Serious supply problems (have you tried to buy an N-95 mask recently?) And demand disasters (If NIGA was not canceled, do you think you had a line in the San Diego NIGA registration booth?)

In fact, even if Cosmopolitan, Stratosphere, Mandalay Bay, or your local casino turns off electricity immediately this week and opens the door, the guest's flow will be small.

As the industry, we have been able to develop and have developed strategies to capture individual supply issues. In the 1970s, bus tours were advertised as alternatives for saving fuel, and local people were more attention than tourists, and we provided significant fuel prices (instead of free play and cashback). 。 If you think there is a problem with a free play award that does not lead to an increase in play, please wait until you see what will happen when you provide toilet paper. The exit will be very crowded, not the slot.

There are several lessons learned in the 2008 recession, where demand fell. Casinos who did not have a lot of layoffs were rare. Such a reduction in personnel was painful at the time, but it was also productive in the long run.

The good harvest from 2005 to 2007 brought enlarged. As a result, many companies have used Reefoff to reduce the scale and improve efficiency. For the next two years, the unemployment rate was high, so most of the remaining employees were ambitious, grateful for loyalty, and tried to overcome the difficult times.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

Boyd Gaming to furlough most of its 25,000-person workforce

Last month, Pennsylvania shut down the casino industry to slow the spread of the coronavirus.

Unfortunately, the possibility of a similar situation this time is quite low. The entire job was wiped out. So is a kind of employment security myth. If the Labor Party is worried about the hig h-priced CEO rewards in the past, wait for them to reflect on the numbers in the future.

The great lessons of the 1918 influenza epidemic are probably lost, but Coronovirus will definitely cause a change. Professor Deborah Tanner of Georger Town University wrote in this week's Politico magazine: We know that it is dangerous to touch things, be with others, and suck air in a closed space. How much of that consciousness will retreat will vary from person to person, but for anyone living this year, it will not disappear completely. As the industry, we have been able to develop and have developed strategies to capture individual supply issues. In the 1970s, bus tours were advertised as alternatives for saving fuel, and local people were more attention than tourists, and we provided significant fuel prices (instead of free play and cashback). 。 If you think there is a problem with a free play award that does not lead to an increase in play, please wait until you see what will happen when you provide toilet paper. The exit will be very crowded, not the slot.

That may be the most enduring and frightening legacy of this era. Until just a few weeks ago, the most popular places to go were, to borrow a cliché, "where the action is." For many Americans, that meant casinos. Casinos were fun, at least in part, because they were crowded, with lots of people eating, drinking, and playing together. Casinos' success was built on providing a place of communal living for entertainment. We will have to work to recapture that innocence.

There are signs of hope in the digital world. Writing in Al Jazeera this week, Zaheena Rashid declared that "In the post-pandemic world, technology will be just as ubiquitous, if not more so, and tech companies will be even more powerful and dominant." This includes small companies like Zoom, as well as large corporations like Google, Apple, Facebook, and PayPal. And it includes not just American companies, but Chinese companies as well. Before that, people were increasingly cynical and critical of technology. But as the pandemic makes us more dependent on technology, people will forget their hostility toward Silicon Valley, at least in the short term."

This may bode well for those already invested in interactive online gaming or looking to invest in it. Multiple online providers have noticed a significant increase in activity with the advent of casino closures. Of course, with all college and professional sports on hiatus, once-hot sports betting sites are also struggling, but they will likely blossom after the pandemic as well.

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

AGA, congressional members seek Trump’s help in reversing gaming’s omission from $349B in forgivable loans

Hopefully the recovery will bring some improvements Eric Klinenberg, a sociologist at New York University, also told Politico, "The coronavirus pandemic will cause immeasurable pain and suffering. But it will force us to rethink who we are and what we value.

Posted on April 9, 2020 by Corey - Other

There have been several milestones in the evolution of the players' club, most of which involve John Akers.

John Akers was inducted into the AGA Gaming Hall of Fame in 2016 because he changed the industry. And not just once.

In 1981, Akes invented an electronic player tracking system and began to provide new accounting and marketing tools to casinos through the company's established company, Electronic Data Technology. In 1985, the second company, Mikohn, invented a progressive jackpot system everywhere today. In 1992, his invention was a slot bonus provided through acres gaming.

Recently, the Acres 4. 0 (the name of the industry pioneer was founded by the pioneer in the industry) is changing the appearance of player tracking with a series of products called Cybermax. Cybermax is designed to be linked to the player tracking system and delves into rea l-time data generated by all the plays in the facility. By using this data, the casino can carry out rea l-time intervention, greet when a faithful player arrives, and provide bonuses and rewards while the player is still sitting on the machine.

The heart of Cybermax is a data collection system called Foundation, linked to an artificial intelligence app called Kai, warns casiners that human intervention is beneficial to maintaining and acquiring rewards.

Mr. Akes says that the casino has developed a Cyber Max because the casino has introduced technology more than 20 years ago.

"The old system was designed to identify large consumers and create direct mail for that consumer." So the immediate nature of data was not very important. In today's world, in the world. We need to know what you are doing now, what it is, and when to intervene. It is designed to collect information for each player's session. "

Aquares says the conventional player loyalty award in the past is inefficient and has too many hits or mistakes actions. "Now, it's the same as sending a $ 20 bonus mailer to a player who has won $ 1000 and sending it to a player who lost $ 1000. What happens," What are effective incentives)? It depends on the world for a month.

Personal touch

The core of Cyber Max is the return to a personalized service. The Foundation system collects data in real time and passes it to KAI.

"What we value most is that the players are hungry for their personal interests." In the era of extensions, we have considerably anonymized the play experience, and in the recession as much as possible. I needed to reduce costs, so I have eliminated as much human interaction as possible.

The Kai app introduced in 2014 indicated that returning a personalized service on the slot floor is effective. By using data in the actual transaction history as well as accumulated information, casinos can start improving their experience as soon as customers come to the store. "One of the earliest things we went to was to welcome someone when the customer arrived," says Akes. "In addition to knowing the name, it is a database of exchanges between all players and all employees. So" John, go to the 1287th machine Frank. The last thing I talked to Frank. Two weeks ago, his wife's name is Doris.

"The greeting is the first level. What we learned from our research is that we really understand that we are at a casino, and the real purpose of them in the casino is. You just want to be a winning group, you will be recognized, you will know your name, and you will remember when you talked to you. Hello income, Hello, Frank.

Consistent improvement

Achers and his team began developing the Cyber Max system ten years ago, during which time improving and adding. "Currently, 113 US patents on this system have been acquired, and all data and analysis are finally available. You can judge whether to eliminate, and at that point you can inject a bonus of meaningful amount for the player, or perform a meaningful intervention for the player at that time.

Such interventions have expanded their form by several strategic partnerships. One is a partner with Transck, which produces printers that print not only TITO tickets but also promotional coupons. Another partnership with FinTech companies Global Technologies has automated the process of increasing the credit of the slot machine meter.

"You can put money on the credit meter of the game. Congratulations on the $ 2020 of Capri, a coupon with the interface. To remember, there are many things we can do. "

structure

The optical speed data collection part of this system operates through the SAS port of each machine output all data of each game. According to Akes, data that could not be considered in conventional systems is included.

"In the mi d-1990s, when we designed the first bonus system, Aquares Gaming Corporation was 10, 000 times the cost of transporting and saving on e-byte data. In the general system of today's general system to exclude a lot of data, it is a start value, reading coi n-in, coi n-out, and game playmeter. When the card is pulled out, it will be the total play of the session.

"But we don't know what happened to you or whether you were riding a roller coaster during the session. I don't know if you put money many times. So we do it. Instead of throwing out all the middle data, you will literally collect 100 meters.

Acar says that the biggest advantage of accessing data is to take action immediately. "If you know the player's credit balance accurately and have lost the last few minutes, you can do bonuses, greetings, and human exchanges."

$ 813 million: How much has the total gaming income of the three casino companies in 2022 increased in 2019?

"This idea is to be able to provide that information based on a live commentary. That's the job of Cyber Max. Literally, collect 1000 times more par t-time jobs than existing systems and save them for each player. And the data gives you more resolution to know what you like and what you hate. "

Casnos n Detrot Extend Closure Puttng Workers On Furlough

According to ACRES, he has designed the system with all legacy player tracking systems, because of the old hardware currently installed in the casino. "In the process of merger and acquisitions that occurred several years ago, many people who knew the mechanism of the old system had left, so the ability to adjust the system was limited. Literally, if you go to Mandalay Bay, you'll see the same system today. You will see exactly the same system that was introduced to Aquares Gaming in the year.

"These systems cannot simply update, so the foundation has collected data and made it a system that can coexist with existing systems."

So far, the KAI app has been used in 38 casinos around the world, and the complete systems, including data collection of the Foundation, are in various stages in five casinos. According to Akes, without the current industrial shutdown due to the trend of Coronavirus, a total of 15, 000 cars were installed by the end of April.

"It's all pending now." We are in an unknown area. There are customers who are ready to introduce this technology.

After that, he says that the operator will understand the advantages of this technology. When we came up with an idea of a player tracking, we were told that we were stupid to have customers a card and use it with a machine. Now it is quite common. When we started the first bonus, it was said that this was too expensive. But operators like stations succeeded in bonuses.

"I think this is an overwhelmingly powerful system among I came up with."

For John Achers, it means something.

Posted on April 9, 2020 by Cory - Others

Las Vega s-based RED ROCK RESORTS operating subsidiaries STATION CASINOS reported to employees on Wednesdays until May 15th.

The station casino runs nearly 20 casinos in the southern part of Nevada, and operates Graton Resort in northern California. Everything was closed by COVID-19 Coronavirus pandemic.

Nevada's Governor Steve Saisolak ordered all unnecessary urgent businesses in the state, including casinos, recently extended the closing order until April 30. In California, the Glaton Ranchellia tribe, located 45 minutes north of San Francisco, has decided to close the casino.

According to Richard Huskins, president of station casino, "In consideration of the extension of this closure period, the station casino is usually available by ful l-time hours and salary team members. The salary and health allowance will be extended until May 15, "he said in a memorandum sent to all employees.

This extension is also applied to 700 par t-time workers.

"For us, there is nothing more important than the health and welfare of employees, guests, and the Las Vegas community as a whole.

Red Rock Resorts owns a majority of shares by Frank Feltitta III and Lorenzo Feltitta brothers. The company, like Las Vegas Sands Corp. and Wynn Resorts, promises to pay employees during the closed period.

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted on April 9, 2020 by Cory - Others

Boyd Gaming Corp. (BOYD GAMING CORP.) (COVID-19 Coronavirus pandemic has been closed for almost one month, and most of 25, 000 employees are unpaid temporarily from Saturday. It was announced.

Boyd, headquartered in Las Vegas and operating 29 facilities in 10 states, was paid a ful l-time and par t-time employee until April 10 (Friday).

However, in a statement on Wednesday, the company stated that it was necessary to take additional measures to reduce pandemic financial impact.

"Boyd CEO Keith Smith said in the statement," This is the most difficult decision we have made so far, "We are deeply considering employees' benefits. Until April 10, we maintained a ful l-time holiday, but it was a necessary measure to protect the company.

Boyd's management was forced to make a significant salary reduction, and the Board of Directors agreed to suspend the board of directors. In addition, members of the headquarters and the real estate management team, which have not returned home, will be reduced.

The company will pay all insurance premiums for employees who are returning home from the Boid's medical insurance plan. Payments will be earlier or earlier to return to work. During the closing period, a limited number of essential employees pay the salary.

On March 16, Boyd borrowed $ 660 million out of the remaining credit slots to cover the costs during the casino closure period. Macquerley Securities estimates that Boyd has spent $ 3. 2 million a day, and over nine months will not be short of funds. Gaming companies have borrowed billions of dollars from the credit line in recent weeks.

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BOYD said that all unnecessary urgent expenditures will be postponed, all capital projects will be stopped, the Board of Directors will be r e-evaluated, and the cash dividend program will be taken, and further cost reduction measures will be taken.

"As a result of these difficulties, I am convinced that Boyd Gaming can maintain sufficient liquidity and management resources until business resumed. We plan to make additional adjustments.

Boyd Gaming's stock price was 2. 90 (22. 87 %) higher on the New York Stock Exchange, $ 15. 58 (Wednesday).

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted: April 8, 2020 Author: COR Y-Others

The U. S. Gaming Association has been ignored by the SMEs after a small gaming company is ignored by the Agency for a small gaming company that it will not be able to get a loan of the Paycheck Protection Program for $ 349 billion (about 34 trillion yen). I brought the problem to the White House.

In the letter addressed to President Donald Trump, AGA's CEO Bill Miller announced last week to support the recovery of small businesses from Coronavirus, due to Coronavirus. The provisional regulatory guidelines stated that "these mainstream businesses and more important things are discriminating against hundreds of thousands of employees who are relying on gaming."

Washingto n-based industry groups have been helped by 14 superimposed members of the commercial gaming and tribal gaming, who wrote a letter to President Trump and the Secretary of Jobita Karanza SBA.

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At a press conference on the White House on Wednesday on Wednesday on Wednesday on the Coronovirus pandemic, Debla Sanders, a reporter in charge of the Las Vegas Review Journal, asked Trump about AGA's letter.

"Let's take a look at it. (Nevada is a wonderful state. Nevada is) a wonderful state.

Miller said last week in a letter addressed to Karanza, the guidelines excluded the employment of 350, 000 local small and mediu m-sized businesses engaged in the US casino industry. Coronovirus pandemic has closed nearly 1, 000 commercial casinos and tribal casinos in 43 states. It is unknown how long the closure will last.

This program was founded under the $ 2. 2 trillion colon virus support, review, and the Economic Security Law (CARES Law), and applied to companies that have more than on e-third of the revenue from gaming. Not done.

"Specifically, this provisional rule depends on the discriminatory policies of outdated, and small gaming operators have been designed to help small businesses pay employees. Miller wrote in a letter addressed to Trump, a former casino owner of Atlantic City.

The Miller told the president that both parties had expressed concerns about the guidelines on the phone last week.

"The enclosed letter emphasizes the clear intention that this law is to support more companies and not to support the companies needed when necessary. "The local diversity of these members emphasizes the impact of SBA's unjust decisions on many states and businesses in the United States. The AGA CEO Bill Miller said that the provisional regulation guidelines released by SBA last week to support the recovery of small businesses from COVID-19 Coronavirus. The mainstream business and more important thing are discriminating hundreds of thousands of employees who are living in relying on gaming. "

"Let's take a look at it. (Nevada is a wonderful state. Nevada is) a wonderful state.

The Miller told the president that both parties had expressed concerns about the guidelines on the phone last week.

"The enclosed letter emphasizes the clear intention that this law is to support more companies and not to support the companies needed when necessary. "The local diversity of these members emphasizes the impact of SBA's unjust decisions on many states and businesses in the United States. In the letter addressed to President Donald Trump CEO Bill Miller said that SBA's provisional regulatory guidelines announced last week to support the recovery of small businesses from COVID-19 Coronavirus. The more important thing is discriminating hundreds of thousands of employees who are making a living relying on gaming. "

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"Let's take a look at it. (Nevada is a wonderful state. Nevada is) a wonderful state.

The Miller told the president that both parties had expressed concerns about the guidelines on the phone last week.

Nevada's six-member congressional delegation, both collectively and individually, urged the SBA to change the guidelines. In a statement from Democratic Senator Jacky Rosen's office, the delegation said that in Nevada, "many of our communities rely heavily on the gaming industry for jobs, tax revenue and economic growth."

Closed Strip resorts lit up with messages of support/Photo via Caesars Entertainment

"This bipartisan issue deeply impacts Nevada and many other states across the country that rely on the gaming industry for revenue and jobs. Given these dire and unprecedented times caused by the coronavirus pandemic, we urge you to provide much-needed relief for Nevada's small gaming businesses as soon as possible."

In her letter to Carranza, Rep. Dina Titus (D), whose district includes the Las Vegas Strip, said small businesses are the "backbone" of the travel and tourism industry.

كتب تيتوس، الذي يشغل أيضًا منصب الرئيس المشارك لتجمع الألعاب في الكونج COVID-19 COVID-19 COVID-19 COVID-19 COVID-19 هم“.”العديد من هذه الشركات من الموظفين للحفاظ على سير الأمور. رة والمراهنة الصغيرة في حاجة ماسة للمساعدة من أجل التعافي من هذه الأزمة. رستوك قال السيناتور الجمهوري عن ولاية ساوث داكوتا الجنوبية مايك راوندز، ف ي رسالة إلى كارانزا ووزير 120 0 كتب راوندز: ”إن ترك هذه الأنواع من الشركات الصغيرة خارج جهود التعافي الفيدرالية المهمة من شأنه أ ن يكون معيقًا لولاية ساوث داكوتا“. ًا جديدًا تمامًا منفصلًا "The PPP is a financial institution that provides financial support to businesses in need of assistance.

"Given the broad nature of the PPP and the intent that PPP assistance be available to all small businesses that want it, applying the one-third annual revenue from gambling threshold to small businesses doesn't make sense," Round said.

According to the AGA, more than half of the 1. 8 million gaming-supported jobs are non-gaming businesses, such as restaurants and local shops, all of which would be significantly affected by the closure of their local casinos.

The trade group said gaming pays the highest tax rate of any industry in many states, and that "$10. 7 billion in gaming taxes and tribal revenue share payments support fundamental and vital programs, from infrastructure to education."

Miller told Trump that the gaming industry "has been one of the sectors hardest hit by the COVID-19 pandemic, in large part due to mandated venue closures, threatening the livelihoods of 1. 8 million Americans."

Howard Stutz is executive editor of the CDC Gaming Report. Contact him at hstutz@cdcgaming. com. Follow him on Twitter @howardstutz.

IGT expands partnership with Virginia’s Lottery through six-year contract

The company said in a statement that net income for the three months ended March 31 was $2. 1 million, or 11 cents per diluted share, down from $7. 1 million, or 38 cents per diluted share, a year earlier. Analysts surveyed by Seeking Alpha had expected 18 cents per share on average.

Adjusted earnings before interest, depreciation and amortization, a measure of cash flow that excludes one-time charges, fell to $8. 1 million from $13. 7 million a year earlier.

Revenue fell 13. 2 percent, to $51 million from $58. 7 million. Analysts surveyed by Seeking Alpha had averaged forecasts of $54. 3 million in revenue for the quarter.

Wall Street may have expected worse. Monarch shares closed at $25. 52 on the Nasdaq on Wednesday, up 35 cents, or 1. 39 percent.

Monarch's January-February quarter results were, unsurprisingly, more upbeat. Profit for the two months was $4. 8 million, or 26 cents per diluted share, up from net income of $3. 5 million, or 19 cents per share, a year earlier. Revenue for the two months rose 14. 1 percent to $42. 2 million, from $37 million.

Monarch CEO John Farahi, who calls this quarter a "contrasting research," presenting a modest comment.

Colorado's Governor Jared Police temporarily closed Monar Blackhawk on March 16. One day later, Nevada's Governor Steve Saizolak also issued a similar imperial order and temporarily closed Reno's Atlantis. Monar has pointed out that both states have not shown a clear date or guideline on the resumption of casinos.

"Since our facilities were closed, our biggest concerns were the safety and health of team members, and the threat of COVID-19 has passed, and we are finally allowed to resume. If the business is allowed and we can be cautious, we will be eager to maintain fluidity and put the company and our facilities in the optimal position for lon g-term success. We are working on. "

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Mr. Farahi was exempted from his salary after March 30, and the Board of Directors was exempted from the director's remuneration as of April 1, and the management had cut 50 % of the management.

President Farra Hahi is optimistic that the relationship between the past achievements and banks has led to a change in credit lines by modifying a limited contract clause, including exemption from the $ 5 million primary repayment of the March 31 period. I showed my perspective. Monarch has been negotiating with banks in search of concessions with the progress of Pandemic (global trends).

"" These measures, our strong cash position, and the moderate leverage will give you financial flexibility to survive the effects of COVID-19.

"Pandemic has brought serious issues and retreats to the gaming and hospitality industry as a whole, but the lon g-term monarch is the action we took and the quality of our facilities in the market we provide. He believes that it is an important factor in success, "he added.

Besides Coronavirus news, Monarch heard familiar news. As part of the $ 400 million black hawk expansion work, the construction of a new hotel tower with a 2 3-story room has continued in the same way as a quarter year ago.

The company said that it is working with general contractors and black hawk authorities to secure provisional use certificates on the first five floors of the building and some hotel tower. According to Monarch, the occurrence of COVID-19 has delayed its initiatives, and the company has decided to decide a clear open time.

Last month, Monarch said in the fourth quarter financial statements that the "soft open" of these features expected the grand opening date in the second quarter of the Hotel Casino Tower Project.

The opening of the entire expansion work was promised in 2019.

Monarch had previously stated that when the podium opened, the buffet will be renovated to a specialized restaurant and the poker room and a sports lounge will be added. Monarch anticipated that the work would end in the fourth quarter.

On Wednesday, Monarch stated that the resort part of the resort, the grand opening of expansion work, and the remaining renovation work will be updated as soon as it is available.

Follow Matthew Crowley on Twitter @copyjockey

Posted: April 23, 2020 Author: COR Y-Others

Gaming Equipment provider International Game Technology and Sports Book Management Company WiLLIAM HILL US have announced that they have strengthened digital gambling opportunities for SportsBook Rhode Island Mobile Gambling Applications.

Sportsbetting in the state is an IGT Playsports technology and a joint venture of William Hills Book. The two companies opened their first New England sportsbooks in Twin River Casinos and Tiberton Casino in November 2018 in partnership with Lord Island lottery. SportsBook Rhode Island's mobile app started in September 2019.

SportsBook Rhode Island users have been able to bet on a wider range of futures and props options. For example, a profile ball fan can choose "Which team in 2020 has a higher number of wins in the regular season?"

The expanded betting menu was adjusted due to the suspension of sports in the United States due to the epidemic of Coronavirus. New international sports such as Russian table tennis, Taiwanese basketball, Nicaragua and Belarusi's Premier League soccer have joined the menu.

"We are excited to continue innovating with Road Island Lotry and IGT." We are currently adding alternative sports and additional propbets to the betting menu, and sports have returned to the United States. I am looking forward to further support Lord Island.

The new app and website (SportsbetRhodeisland. com) is a more sophisticated interface, an extended betting menu, an additional method for the user to supply funds to the account, sports fans I will provide it.

"IGT PLAYDIGITAL's senior vise president," "" "The recent IgT Playsports Technology update for Lord Island Lotry provides more advanced player experiences to users of sportsbook road islands. "These updates also lead to a successful Road Island Lotary when professional sports are revived.

In addition to e-check, the SportsBook Rhode Island apps and website users can now use the option to deposit electronic accounts with debit cards.

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EVERI, headquartered in Las Vegas, offers a system for gaming products, financial technology trading and player loyalty programs to casinos, but has a major hitting with a nationwide casino closure due to the large trend of COVID-19 Coronavirus. I am receiving it.

In March, the company brought out $ 35 million from the revolving credit facility to add shor t-term fluidity, stopping or postponing important capital spending. With this reduction, the liquidity of the Every was $ 161 million. The loan ($ 118 million after commission, discount, and expense deduction) has strengthened its balance sheet.

In addition, Ebrille had temporarily closed and reduced its salary in the company last month to preserve the funded funds.

"CEO, CEO) of Everyburi, said," A variety of schedules will be limited to our customers, and when our customers will resume their business. As a result, we have taken cautious measures so that the gaming industry activities can withstand the minimum or decreasing period, "he said.

"It is our unchanged hope for the measures taken to contain the new COVID-19 virus, and our economic and life style returned to normal as soon as possible," said Lamboltz. Ta.

The maturity of this new loan was 2024, the same as the existing lon g-term debt of Everli. The repayment deadline for the total debt is gradually arrived at 2022, 2024, and 2025.

In addition, the lender of Everi exempted the company's current credit agreement for the current credit agreement, exempt or reduced specific payments over the next three quarters for the next three quarters.

Lumboltz said that the additional financing, which was announced after the end of the Tuesday market, gives Ebrolic flexibility to withstand the confusion of pandemic business.

"With the resumption of activities, we are preparing for the resumption of customers, reinstat employees, and regains the momentum of sales and finance, which has been consistently demonstrated before the COVID-19 epidemic," said Lamboltz. Was stated in a statement.

Evri's stock price was closed on Tuesday at $ 3. 82, with a lower 30 cent (7. 28 %) of the New York Stock Exchange.

In early April, Eilers & Amp; Krejcik Gaming's principal to Dot Dealer, Todd Islers, analyzed how the closing of about 1, 000 commercial casinos and tribal casinos in 43 states gave the gaming equipment division. went.

Eilers told investors that most casinos will resume by June and the number of players will gradually return. According to him, the capital investment budget for gaming devices in Casino Opelator will be reduced by 30 % to 40 % this year, so the device provider will be affected through the latter half of 2020.

"Regarding the Evili), this division offers services only in the casinogaming industry, so it will be affected by the same problem," said Ilillers.

Howard Stats is an executive editor for CDC gaming reports. The contact information is hstutz@cdcgaming. com. Follow @howardStutz on Twitter.

Posted on April 22, 2020 by Cor y-Others

The ICE NORTH AMERICA, which was held in New Orleans, was canceled, but a digital conference will be held from May 11 to 15, focusing on COVID-19 and imitating the original event.

ICE North America, scheduled for May 13-14, will be held in New Orleans in the spring of 2021. According to Clarion Gaming, which produces conference and trade show, the schedule has not been decided.

According to Rory Cledland, an event director of ICE NORTH AMERICA, the Clarion has been in the game industry, based on the severe confusion of pandemic, despite the cancellation of the event. He wanted to provide an opportunity to discuss it. ICE North American Digital Week Participation fee is free: https: //www. icenorterThamerica. com/ice-north-america-digital-form

"This is an important opportunity for the industry to meet together," We want to give everyone the opportunity to learn each other. In each field of landbase, sports betting, and Igaming, the current situation and how the industry will deal with it. Talk about it at the end of the tunnel. On the other hand, there are opportunities. "

Credo Land says that the session of the conference is integrated with the contents planned in New Orleans, but will be held for five days in a compressed digital format so that it does not get in the way of daily work. He says that not only providing the content of the session, but also the meeting can create a network through chat rooms and video calls.

"I will connect people throughout the day, open a community gathering on Friday, and toasted what happened that week. I can't reproduce New Orleans, but I will try to be united. "

Ice North America, which opened in Boston in May 2019, gathers sports betting, casinos, tribals and affiliate gaming industries.

Igaming and ILottery on May 11, Sports Betting and Performers Marketing on May 12, actual stores and hospitality on May 13, training for reopening and maintenance of staff on May 14th, and May 15 Is a discussion of the direction of gaming for the four days so far.

https://www. iCenorThamerica. com/ice-north-america-digital-agenda. Time with the speaker is currently being adjusted.

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"We'll see how important Igaming is while the land bass is quite suffering," said Credland. "What will the effect of entertainment dollar's share struggle? Is it possible to expect the IGAMING regulation in the short term? Learn from the state that adopted Igaming, such as New Jersey and Pennsylvania, what is the current situation? I will think about whether it can proceed as soon as possible. "

On May 12, the Coronavirus is leading the sports betting industry, which has lost most live sports in the sports betting industry. This is the second year since the Federal Supreme Court's ruling, which opened a way to provide singl e-game sports betting in states other than Nevada.

According to Credo Land, sessions look at what the Sportsbetting is on this anniversary, and how the turmoil caused by COVID-19 will affect the momentum and expansion of the whole United States. That's it.

Tuesday speakers are Points Bet CIO Seth Young and Daniel Kustelski, a c o-founder and CEO of CHALKLINE SPORTS.

On the 12th of the month, focusing on the lan d-based casino, there is also a consideration of whether an illegal machine has the greatest benefit of a casino closure. According to Credland, the major industry leaders are discussed what is expected when the casino is restored and resumed. "What is the casino floor, food and drink, and entertainment?

Industry leaders suggest that dealers can wear masks and gloves and can be separated between slot machines and slot machines.

"What will happen to the staff?" Credland says, "Can you secure the same workforce as before? I don't think it will open right away, but it will be approached by shifting time. What is it? How do you change bacteria because the machine is next to it? Interesting.

Lecturers on the day are Bobby Softper, President and CEO of Sun Gaming & Hospitality, and Colin Barch, a senior vice president of Cosmopolitan Las Vegas.

According to Credoland, more than 1, 000 people have registered in the conference so far, and the number is expected to be doubled or tripled in the next few weeks.

Participants can ask questions by email during sessions and after the end. You can listen to the session by replay.

Posted on April 21, 2020 by Cor y-Others

International Game Technology, a gaming equipment provider, announced on Tuesday that it has signed a si x-year contract for Virginia's lottery, scratch tickets, strategic planning and services as a result of competitive bidding.

The contract runs through June 2026 and includes an option to extend for up to four years.

Under the terms of the agreement, IGT will become Virginia's first primary vendor of instant ticket games. The company will print an average of 90% of the lottery's annual supply of scratch tickets.

"We look forward to collaborating with IGT on games and initiatives that support our mission of generating revenue for Virginia's K-12 public schools," Virginia Lottery Executive Director Kevin Hall said in a statement. "Together with IGT's industry expertise and innovative thinking, we will bring fresh gaming concepts to the Virginia Lottery's scratch portfolio that will help us achieve our business goals."

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"Since 2009, IGT's printing operations, same-store sales capabilities, and top-index game offerings have contributed to the Virginia Lottery's sales growth. "As the Lottery's primary instant ticket vendor, we print most of its scratchers, allowing IGT to showcase more original content, provide players with an unparalleled gaming experience, and demonstrate its dedication to world-class customer service and quality.

In addition to printing instant tickets and its related services, IGT has provided gaming equipment to the Virginia Lottery since 2000 and has been warehousing and distributing instant tickets for the Lottery since 2004. In 2007, the partnership expanded to include the Lottery's primary gaming systems.

Posted on April 21, 2020 by Cory - More

Penn National Gaming CEO Jay Snowden said Monday that the company has "significantly reduced" the monthly costs area casino operators need to maintain their 41 shuttered facilities, helping them to stay ahead of the COVID-19 crisis. "We're able to weather it," he said.

In his letter to stakeholders, Snowden said Penn's monthly cash burn had fallen to about $83 million due to the sale of Tropicana Las Vegas to Gaming and Leisure Properties Inc. for rent receivables and an agreement with the company's major lenders to suspend certain payments through the end of 2020, but that this included a significant increase in average expenses incurred in April.

Pennatal balance sheets had $ 730 million cash as of the end of March before the transaction.

"Macquerley Securities' gaming analyst, Chad Baynon, said in a research note on Monday," Considering the monthly cashburn, the company has sufficient fluidity to survive the end of 2020. The team is looking at the light at the end of the tunnel.

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Pen will continue to operate Tropicana Las Vegas, based on a tw o-year lease agreement with GLPI after Tropicana Las Vegas resumed the resort. However, real estate investment trusts will consider selling 1, 500 resorts in the Rat Pack era at the southern end of the Las Vegas Strip. If the sale is realized within the next 12 months, the pen will receive 75 % of the sale gain.

Positive message

Snowden's letter was a bright tone, telling investors that a pen casino in 19 states was temporarily closed to delay the spread of Coronovirus. "It gave us a unique opportunity to reconstruct our casinos." We have already identified how to improve our management model while improving guest experience.

As part of a trading with GLPI, Pen has an opportunity to acquire Hollywood Casino Perry Building in Maryland this year, which will operate a casino in the 20th state.

Snowden also stated that Pen had also signed a $ 163 million sports betting contract with sports media platform bath tool sports. Pen and Bath tool will launch a mobile gambling platform by the end of summer and change the brand of the retail sportsbook in the casino.

"Snowden says," We expect digital business to bring meaningful profits and profits since 2021, as an omnichanel provider that provides retail, online gaming and sport s-betting entertainment. We believe that continuing to evolve into the best company in the class will be the priming of the Landbase Business, our core business.

Transaction

Pen will sell Tropicana Las Vegas and its 3 4-acre parcels with $ 37. 5 million rent receivables and apply to some existing leases in May, June, July, August, and November. 。 GLPI owns more than 30 regional casinos and buildings.

Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

The walkout includes workers at MGM Grand, MotorCity and Hollywood Casino at Greektown. It is the first strike since the legalization of casino. Union members with the Detroit Casino Council have voted overwhelmingly to ratify a new contract with MGM Grand Detroit after 47 days on strike. DETROIT—Thousands of union casino workers are on strike today after months of full-table negotiations and meetings by department failed to.

Play

accepted

Casino workers are on strike in Detroit following the UAW

Another group of Detroit workers is placing their bets on a strike

Casino workers at MGM Grand Detroit, MotorCity Casino, and Hollywood have walked out

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