Tag Archives: las vegas

Martin de Knijff – Metric Gaming – Should we be betting on a “third way”?

 Metric Gaming CEO Martin de Knijff suggests that operators no longer have to accept the costly or same platform options of the past I have never cared much for convention – always looking instead for that proverbial “third way.”  It’s a trait likely shared by most entrepreneurs, and, simply put, a prerequisite for true innovation. The current betting platform market …

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Mark Frissora confident of new look Caesars future prospects

Speaking to Bloomberg News, Mark Frissora Chief Executive of Caesars Entertainment Corp (CEC) has laid out the three main objectives that will lead his firm’s recovery and add greater value for shareholders. Frissora and CEC executives are handling the final proceedings of the bankruptcy of the firm’s operating unit Caesars Entertainment Operating Company (CEOC). Frissora told Bloomberg that he expects …

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Roger Goodell – Vegas Raiders has no connection with gambling

Despite the NFL franchise owners overwhelmingly supporting (31-1) the relocation of the Oakland Raiders to Las Vegas Nevada. Roger Goodell, Chief Commissioner of the NFL states that the league will not change its stance on the issue of US legal sports betting. Speaking to US media, Goodell restated that the NFL opposed all forms of betting on its matches. Goodell …

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NFL owners say yes to the Las Vegas Raiders

Following its annual Franchise Owners General Meeting on Monday 27 March, the NFL has approved for the Oakland Raiders to move to Las Vegas Nevada within the next three years. US business news sources report that NFL Franchise owners voted overwhelmingly (31-1) in favour of a Las Vegas relocation for the Raiders, despite protests from Oakland fans and city officials. …

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Enlarged Scientific Games reduces group net losses in 2016

Publishing its full-year 2016 results, Nasdaq-listed Scientific Games Corp (SGC) has reported group net losses of $110 million for its Q4 2016 performance (period ending 31 December). The industry games machine manufacturer reports that its losses were incurred despite combined SGC divisions reporting a fifth straight quarter of revenue growth to $752 million (Q4 2015: $737 million). Closing its full-year …

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New look Caesars will seek to create quick cashflows & investor value

Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …

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NFL owners to vote on Las Vegas Raiders relocation project

The planned NFL ‘Owners Meeting’ scheduled for Phoenix 26-29 March, has gained added significance as franchise holders may be asked to vote on the approval of the Oakland Raiders relocating to Las Vegas Nevada. Representatives of the Davis Family (Raiders franchise owners) have submitted official ‘relocation papers’ to NFL governance. If approved, the ‘Las Vegas Raiders’ project will be put to …

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Sands hit with $7 million DOJ ‘Asian compliance misconduct’ fine

US casino operator Las Vegas Sands Corp (Sands) has confirmed that it will pay a $6.96 million penalty in order to resolve its ‘Foreign Corrupt Practices Act’ (FCPA) dispute in connection with business transactions carried out in China and Macao. The penalty charge imposed on Sands relates to the company failing to implement appropriate ‘internal accounting controls’ ensuring the legitimacy …

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Scientific Games completes $20 million acquisition of DEQ Systems

Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table …

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NYX appoints Todd McTavish as group Legal Officer

Issuing a corporate update, Toronto TSX-listed NYX Gaming (NYX) has confirmed the appointment of Todd McTavish to its executive leadership team, taking on the group role of Chief Legal Officer (CLO). McTavish will be charged with leading NYX group legal and compliance functions across all divisions of NYX expanded operations following the firm’s significant growth via multiple acquisitions within the …

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