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Play’n GO partners with RoyalCasino.dk
Sunday, November 25, 2018
Play’n GO partners with RoyalCasino.dk
Saturday, November 24, 2018
Crystal Rift video slot unearthed by Microgaming
World Casino News
Crystal Rift video slot unearthed by Microgaming
Atlantic City casino profits tumble after new venues launch
Casino – CalvinAyre.com
Atlantic City casino profits tumble after new venues launch
Atlantic City casinos posted double-digit profit declines in the third quarter of 2018, as the market’s two new gaming venues cut into the other seven’s bottom lines.
Figures released Friday by the New Jersey Division of Gaming Enforcement (DGE) show Atlantic City’s nine casinos generated net revenue of $920m in the three months ending September 30, a 17.8% rise over the same period last year. For the year-to-date, revenue is up 6.4% to $2.2b.
However, the gross operating profit of these nine venues totaled $213.7m in Q3, a 15.3% year-on-year decline. The figure is only slightly better on the year-to-date front, in which profits fell 9.3% to $508.7m.
The late-June openings of two new AC venues – Hard Rock Atlantic City and the Ocean Resort Casino – clearly impacted the Q3 figures, as the two properties generated combined revenue of $178.5m. Their profits were miniscule — $8.2m for Hard Rock and $1.4m for ORC – as startup costs will have kept a lid on black ink.
Of the ‘original’ seven properties, none of them posted revenue gains in Q3, while only two reported increased profits. The Golden Nugget’s profits were up 6.6% to $13.6m, although this was at least partially due to the property’s market-leading online casino operation. The other profit gainer, Bally’s, barely qualified for that designation, rising only 0.5% to $18.4m.
In percentage terms, the Tropicana suffered the biggest profit decline, falling 31.1% to $31.8m, while the market-leading Borgata was down 21.7% to $63.2m.
Even the online-only operations of Caesars Interactive Entertainment New Jersey and Resorts Digital were in negative profit territory in Q3. Actually, seriously negative, as CIENJ’s revenue fell 10.5% while profit tumbled 69.4%. Resorts Digital fared even worse, with revenue down 51.4% and profit sliding 83.3%, even as the state’s overall online market continued to post solid numbers during the period.
The numbers are a far cry from Q3 2017’s results, which saw profit shoot up 17.6% despite a modest revenue dip, and that dip was due to the soon-to-be-closed Trump Taj Mahal reducing its operations as its closing date drew nearer.
At the time, the fact that AC’s market had seen five casinos close in rapid succession was described as the market’s ‘right-sizing,’ although that narrative suffered a hiccup when Q1 2018’s profits fell 11.7%. However, Q1 saw the region suffer a string of winter storms that kept customers at home, a phenomenon that clearly wasn’t at play in Q3. Moreover, Q2’s profit decline was a more modest 4.6%.
While the market’s hotel occupancy over the first nine months of 2018 was down 5.1 points to 84.1%, at least part of the profit decline is likely due to all operators having to step up their marketing game in the wake of shiny new competition.
The question that hung over the launch of AC’s new properties was whether they could grow the overall financial pie or just nibble away at the seven ‘original’ properties’ slices. Revenue is clearly growing, although some of that growth is goosed by the state’s new legal sports betting options, and it remains to be seen whether the market as a whole will continue to suffer from having two extra mouths to feed.
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Nevada regulators approve deal with sportsbook operator
Las Vegas Sun Stories: Gaming
Nevada regulators approve deal with sportsbook operator
Nevada gambling regulators have approved a settlement with a troubled sportsbook operator that has admitted to taking unlawful bets and making inaccurate payouts. The Nevada ...
Friday, November 23, 2018
Traffic Label Launches Affiliate Programme with Income Access for SlotsAffiliates.com
Casino News Today
Traffic Label Launches Affiliate Programme with Income Access for SlotsAffiliates.com
Traffic Label, a UK-based firm specialising in the development of comprehensive marketing strategies, has announced the launch of an affiliate programme for its SlotsAffiliates.com network with Income Access, Paysafe’s marketing technology and services provider. Through its integration with Income Access’ affiliate software platform, SlotsAffiliates.com will look to optimise growth and acquisitions across its six network brands. SlotsAffiliates.com was launched in ...
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Resorts Casino Unveils New Permanent DraftKings Sportsbook In Atlantic City
Resorts Casino Unveils New Permanent DraftKings Sportsbook In Atlantic City
The king of NJ online sports betting, DraftKings Sportsbook, opened up a new permanent retail sportsbook location inside Resorts Casino in Atlantic City.
The post Resorts Casino Unveils New Permanent DraftKings Sportsbook In Atlantic City appeared first on .
Diamond Fortune to open Primorye casino in 2020
Casino News – Focus Gaming News
Diamond Fortune to open Primorye casino in 2020
The company revealed that the first phase of the property should be ready to open in September 2020.
The post Diamond Fortune to open Primorye casino in 2020 appeared first on Focus Gaming News.
PAGCOR official drops Wynn Macau lawsuit appeal, might sue in US
Casino – CalvinAyre.com
PAGCOR official drops Wynn Macau lawsuit appeal, might sue in US
This past May, Rogello Bangsil submitted a lawsuit in Macau against Wynn Resorts, operator of Wynn Macau, alleging that the company had distributed his personal information with others. The former executive with the Philippine Amusement and Gaming Corp (PAGCOR) lost the case in July and asserted that he would file an appeal. It now appears that Bangsil has changed his mind 
and won’t move forward with the appeal. He might, however, decide to try to fight his battle in the U.S. court system.
In an exclusive report by the Macau News Agency, Bangsil is not going to follow through with an appeal of the verdict that was handed down by the Court of First Appeal in the case, which sided with Wynn Resorts. He explained that the decision was based on the fact that the legal fees associated with an appeal would have been too much of a burden.
As a PAGCOR officer in charge of gaming, Bangsil and his wife found both of their names listed on an FBI report from 2011 that dealt with an “improper relationship” that revolved around several PAGCOR officials and Kazuo Okada, then a shareholder in Wynn Resorts. Bangsil unsuccessfully argued that, per the Office for Personal Data Protection (OPDP), Wynn Macau had illegally provided the names to Wynn Resorts. The OPDP had recognized that information was shared and fined Wynn Macau $2,500.
Bangsil sued for $1.2 million in 2014, but lost the case. It only lasted across three hearings, but apparently that was enough for the courts to decide the outcome, which determined that Bangsil had not been able to prove that he didn’t offer the information voluntarily. He had between 30 to 40 days to file an appeal, but that timeframe has already passed.
The former executive asserts that he was not able to properly argue his case due, in part, to “faulty” Chinese to English translations. As such, he might take his case to the U.S. He stated, “Since in my case the violation was actually done in the U.S., I may have better chances of getting justice there. I’m consulting now with U.S. lawyers to file the case there.”
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Thursday, November 22, 2018
Betsoft Gaming to Release Chillipop Slot Next Week
World Casino News
Betsoft Gaming to Release Chillipop Slot Next Week
SiGMA 2018 launches in 1 week
Casino News Today
SiGMA 2018 launches in 1 week
As a well-established staple on the iGaming calendar, it is unsurprising that the interest from the iGaming industry has been intense. In 1 week time the super-show plans to welcome 12,500 guests, including 400 sponsors and exhibitors and 200 speakers through its doors. To keep pace with demand, the sold-out MFCC floor space has been expanded and an extra day ...
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Mississippi casinos report revenue rise
Casino News – Focus Gaming News
Mississippi casinos report revenue rise
The facilities in the state experienced a strong October, but sports betting win was less than 1%.
The post Mississippi casinos report revenue rise appeared first on Focus Gaming News.
Oaklawn Racing and Gaming announces $100 million expansion
World Casino News
Oaklawn Racing and Gaming announces $100 million expansion
Wednesday, November 21, 2018
Hitting Paydirt: Giving Thanks During NFL Week 12 With DraftKings Sportsbook
Hitting Paydirt: Giving Thanks During NFL Week 12 With DraftKings Sportsbook
DraftKings Sportsbook looks in on the upcoming NFL Week 12 games on Thanksgiving. The NJ sports betting site has a few lines and odds to consider.
The post Hitting Paydirt: Giving Thanks During NFL Week 12 With DraftKings Sportsbook appeared first on .
MGM China to grow in 2019
Casino News – Focus Gaming News
MGM China to grow in 2019
According to brokerage Nomura, the casino operator will increase its share of the city’s market despite an overal GGR contraction in Macau.
The post MGM China to grow in 2019 appeared first on Focus Gaming News.
Wazdan shortlisted for Malta Gaming Awards
Casino News Today
Wazdan shortlisted for Malta Gaming Awards
Innovative slots-maker Wazdan has been shortlisted for the Malta Gaming Awards in the Games Vendor category. Wazdan have gathered a lot of interest around them this year due to numerous nominations, shortlistings and awards. The company took the prestigious ‘Online Casino Innovator Award 2018’ at the Central and Eastern Europe Gaming Conference (CEEGC) held in Budapest as well as the ...
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Imperial Pacific resumes operations
Casino News – Focus Gaming News
Imperial Pacific resumes operations
The casino resumed operations after it had closed for two days due to Tryphoon Yutu.
The post Imperial Pacific resumes operations appeared first on Focus Gaming News.
Tuesday, November 20, 2018
DraftKings Sportsbook’s $60 Free Bet Is The Best Thing Since Apple Pie
DraftKings Sportsbook’s $60 Free Bet Is The Best Thing Since Apple Pie
DraftKings Sportsbook offers new players an exclusive $60 in free bets just for signing up, no deposit required. The limited time offer ends Nov. 26!
The post DraftKings Sportsbook’s $60 Free Bet Is The Best Thing Since Apple Pie appeared first on .
Nominations are open for BSG Awards 2019 Vilnius
Casino News Today
Nominations are open for BSG Awards 2019 Vilnius
Nominations are open for the Baltic and Scandinavian Gaming Awards (BSG Awards 2019 Vilnius). The team at European Gaming Media and Events has announced the launch of the inaugural BSG Awards. The BSG Awards stands for Baltic and Scandinavian Gaming Awards and will recognize highly ranked, trustworthy, hard-working companies for their respective field of activity in the the online gambling ...
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MGM, Wynn tamp down Boston casino intrigue
Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...
Microgaming starts a new era of prestige table games with Switch Studios
Casino News Today
Microgaming starts a new era of prestige table games with Switch Studios
Microgaming is to shake up the table games vertical with Switch Studios, a new independent game studio that will develop content exclusively for the online gaming supplier. Based in Ipswich, UK, the close-knit group of online gambling and social gaming experts are driven by a collective passion for games and building dynamic features with the latest technology to personalise gameplay. ...
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