To roll out this thorough remake of a tired property into the freshest thing on the Las Vegas Strip, MGM turned to three-decade company veteran Ann Hoff.
Rebounding from the pandemic, the international operator eyes more U.S. opportunities. By David McKee
Defying adversity, Century Casinos is firmly on the comeback trail from the Coronavirus pandemic. It recorded its best-ever quarter this spring, even without a full repertory of operational casinos, thanks to health-related closures in Canada and Poland. Century also did it without anything like a full cohort of international players. Fortunately, Century’s bedrock is a loyal core of gaming-centric local customers and they have helped the company rebound in record time, recording an all-time level of cash flow between April and June of this year.
Per Jaldung, Chairman, European Casino Association chats with Peter White
Can you provide details on the measures the ECA has taken to assist its members during Covid crisis?
Unquestionably, the Covid crisis found us all unprepared. Faced with such an unpredictable situation, no one initially knew how to deal with a precarious present and an uncertain future, with the only certainty that the crisis would harshly impact the licensed land-based casino industry. In response, we mustered the full resources of the association and its members.
Laurent Lassiaz, CEO, and Pauline Boyer Martin, Operations and Marketing Director of JOA discuss the Group’s latest ‘new generation’ casino with Damien Connelly.
On Wednesday 19th May, 2021, after 17 months of work, 8.5 million euros of investment, and five long months of waiting linked to the pandemic, JOA Group, the 2nd gaming and leisure operator in France with 33 venues and a sports betting website www.joabet. fr, was finally able to open its new casino in the Jura mountains: in Saint-Laurent-en-Grandvaux.
F. Scott Fitzgerald’s most-famous quote is that there are no second acts in American lives. Not only is Bobby Soper living out a second act (with who knows how many more to come) he’s doing it with the same company where he played Act One: Mohegan Gaming Entertainment. The tribal-gaming titan is reaching across the oceans, and decided that Soper was the man to head up its international operations, particularly those in Korea and Japan.
Soper is relatively new to his remit but has clearly hit the ground running, speaking to his responsibilities with great assurance.
Resorts World Las Vegas will be the most expensive resort in Sin City history. By David McKee
Genting Group is famous worldwide for its casino product but is only now striking into the heart of gambling, Las Vegas.On June 24 it debuted Resorts World Las Vegas, a $4.3 billion metaresort combining three hotels (all Hilton-branded) with a 5,000-seat showroom, a bevy of nightlife and, of course, a casino. The main hotel, the Las Vegas Hilton, brings the brand back to Vegas after it was ignominiously stripped from what is now (under new ownership) Westgate Las Vegas, one of Resorts World’s many signal achievements, which also will eventually include an Elon Musk subway linkup, whereby visitors are shuttled in modified Tesla vehicles to the nearby Las Vegas Convention Center.
The American Gaming Association looks back on 2020. By David McKee
Bleak.” That was American Gaming Association President Bill Miller’s one-word summation of the gaming industry’s 2020, the year that Coronavirus brought gambling to a grinding halt nationwide. First the bad news: Industry winnings fell to a level not seen since 2003. As for the good news, customers found different—and legal—ways to gamble, as online sports betting and Internet gambling boomed. Sports-betting handle was $21.5 billion, of which operators kept $1.5 billion, a climb of 69 percent from 2019. Meanwhile, I-gaming grew 1,990 percent, as it spread to new jurisdictions and as sheltering-at-home players turned to their computers and mobile devices in search of a fiddle.
With the worst pandemic ever in our rear-view mirror, the gaming industry is on the road to a strong recovery. Vaccines have provided the well needed economic shot in the arm for Vegas, lifting mask restrictions and bringing capacity levels back to 100 percent. Tourism, bookings and gaming win hit the highest levels since February 2020.
Changes made during the early stages of the pandemic, resulted in a flurry of activity with several industry-changing outcomes. With casinos shut down in 2020, online casino play was accelerated together with the rollout of sports betting across North America. The pandemic forced traditional casino operators to embrace online gaming and sports betting in states where it has been legalized.
By Joji Kokuryo, Bay City Ventures, Managing Director
The land of the rising sun has definitely been taking its time when it comes to implementation of integrated resorts (IR). The long and arduous procedure has reached the very important stage in which local municipal governments select their IR operators through a public tender. The three of the four candidate locations, Osaka, Yokohama and Nagasaki are expected to select their respective IR operating partner between June and October. The fourth candidate site, Wakayama, decided to move forward with the Clairvest consortium in early June.