Global gaming entertainment giant International Game Technology (NYSE: IGT) has partnered with bwin.party digital entertainment to launch many of IGT’s top-performing interactive games on the bwin platform.
IGT is supplying its content to bwin.party, which has recently launched online poker and casino offerings in New Jersey under the license of Borgata Hotel Casino and Spa (a long-term IGT land-based casino customer), for distribution in New Jersey at nj.partypoker.com and internationally at partypoker.com, bwin.com, as well as at other bwin.party brands in nationally regulated European markets. With market-leading positions in its product verticals, bwin.party gains access to IGT’s complete game library via a one-time, simple integration to the IGT rgs (remote game server) solution.
“From the casino floor to online and mobile devices, IGT games are worldwide player favorites,” said Golan Shaked, Director of Games at bwin.party. “Adding IGT’s portfolio of instantly recognizable, market-attuned content to our brands including bwin, partypoker and PartyCasino will provide great, additional fun and entertainment for our players.”
“This agreement with bwin.party is a key milestone in our journey across regulated markets – it significantly extends the presence of IGT games in key markets around the world,” said Leigh Nissim, IGT Commercial Director of Interactive. “bwin.party is one of the biggest igaming operators on the planet and our partnership confirms that as a supplier of premium casino content in regulated markets, IGT is a standout choice.”
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The specter of having a criminal benefit from the sale of the former Monsanto real estate in Everett, Mass., has been eliminated with statements signed by all owners.
Some opponents to the Wynn Resorts Ltd.’s $1.6 billion casino plans for Everett had intimated a convicted felon, who formerly owned part of the real estate, would benefit greatly from the sale. In order to ease any concern the Massachusetts Gaming Commission might have, Wynn Resorts officials had all three current owners sign statements eliminating that concern.
The land, some 30 acres along the Mystic River, is being purchased by the Las Vegas gaming company for $35 million.
Gaming giant William Hill doesn’t like the new law that changes regulations for gaming companies licensed in Gibraltar but will not challenge the regulations that are scheduled to take effect on Dec. 1.
But, some Gibraltar-based gambling houses have already warned the British Secretary of State for Culture, Sajid Javid, that it intends to seek a judicial review of new “unlawful” licensing rules.
Those rules, being imposed on the Gambling (Licensing and Advertising) Act 2014, will require Gibraltar companies to apply for a license from the UK Gambling Commission, even though they may be licensed in Gibraltar.
Also, all bets placed online in Britain with a Gibraltar company, will be subject to a 15 pence (point of consumption) tax.
The Gibraltar Betting and Gaming Association has hired lawyers to challenge the Act, which received Royal Assent last month. Opponents fear it may force some Gibraltar operators to move to other locations.
In commenting on the new law, William Hill, which also operates a number of wagering facilities in Nevada, said:
“As the UK’s leading operator, William Hill has chosen not to challenge the Government’s decision to impost dual regulations on the online gambling industry.
“However, our original concerns regarding the distortive effects on the market and the inadequacy of enforcement mechanisms remain. Our message to Government would be to strike the correct balance between overlapping regulation and enforcement by setting an appropriate tax rate which encourages full compliance without damaging businesses.”
As analysts reduced their projections for the growth of gaming in Macau during the current period, David Bain, chief gaming analyst for Sterne Agee went back to the 2010 gaming period to note that during the World Cup, June gaming numbers fell by 20% from the May level.
If that were to be the impact the current World Cup has on Macau gaming, Bain wrote, the gross gaming revenue from May to June, 2014, would end at minus 8% year-over-year.
Through June 22, he writes, the run rate is minus 4% at about $3.4 billion.
“We believe post-World Cup pent-up demand positively influenced the back half of July, 2010, and we expect a similar trend this year (though we note a mitigating effect of an upcoming high-hold VIP comparison next month).”
In July 2010, he wrote, the run rate accelerated to plus 18% versus its average of plus 9% and the previous year’s 4%.
The World Cup headwinds, he said, run through July 13.
“This once in every four years disruption to the gross gaming revenue does not change our long-term secular outlook and we would use any corresponding stock weakness as a buying opportunity,” he concluded.
There will be more money for casino operators in Delaware, as has been discussed in recent weeks by lawmakers concerned about the viability of the state’s gaming houses, but the amount will be less than previously proposed.
The chief sponsor of a bill to provide assistance to the casinos noted over the weekend that the bill under consideration in the Senate will be modified before a vote is taken.
The bill will still have the state sharing slot machine vendor costs with the casinos, a savings of about $9.9 million in the next fiscal year, but will not include the elimination of the annual $3 million table games fee paid by the casinos.