Tag Archives: las vegas

Galaxy Gaming promotes Todd P Cravens to CEO

US Nasdaq-listed casino games developer Galaxy Gaming has confirmed the promotion of Todd P Cravens to Chief Executive Officer (CEO), taking over leadership of the firm from Robert Saucier. Cravens is promoted to CEO, having most recently served as President of Business Development for the Las Vegas based games developer. A seasoned US gambling industry executive, Cravens has held senior …

Read More »

McGregor’s punchy press performances proving popular with punters

Almost as anticipated as the fight itself, last week’s Floyd ‘Money’ Mayweather vs ‘The Notorious’ Conor McGregor press conferences have evoked the imagination of punters. The tenacity of McGregor appears to have renewed faith from punters that he has something unpredictable planned for 26 August. Paddy Power’s Lee Evans told SBC: “We were forced to cut the odds on McGregor …

Read More »

Las Vegas relocation sees Toni Korsanos step down as CFO of Aristocrat Leisure

Australia ASX-listed gambling technology firm Aristocrat Leisure is seeking a new Chief Financial Officer (CFO), following the decision of current incumbent Toni Korsanos not to relocate to Las Vegas. Following a corporate restructure, Aristocrat has plans to relocate its executive management team to Las Vegas, moving the company closer to its main market. However, Korsanos who has acted as CFO …

Read More »

Mark Frissora pushes for Caesars global comeback

Mark Frissora ,CEO of Caesars Entertainment Corporation (CEC), is set to implement an aggressive global expansion strategy with CEC looking to grow its corporate assets ‘beyond gambling’. Last week, Frissora confirmed the appointment of two key executive hires, placing former Hard Rock International VP Marco Roca as new ‘President of Global Development’ and leisure sector M&A veteran Michael Daly as ‘VP …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »