Archive for the ‘Gambling/Casinos’ Category

BC.GAME Secures New Curacao LOK License, Enhancing Legal Compliance and Global Reach

WILLEMSTAD, Curacao, April 22, 2024 /PRNewswire-HISPANIC PR WIRE/ — In an important development for the gambling industry, BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with the cutting-edge Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user base.

Jack Dorsey, the CEO of BC.GAME, said: “We are immensely grateful for Curacao’s robust regulatory framework, which has been pivotal in the gambling industry. Obtaining this license is a vital milestone in BC.GAME’s ongoing development and our commitment to providing a trustworthy and secure gambling experience.”

The introduction of the LOK legislation, designed to replace the previous National Ordinance on Offshore Games of Hazard (NOOGH) framework, has set a new precedent in the gambling license domain. Under the NOOGH regime, BC.GAME operated under a sub-license issued by Curacao Interactive Licensing NV (CIL). The new LOK framework, however, brings about significant changes, including the discontinuation of new sub-license issuance and stringent requirements for existing licensees seeking renewal.

Curacao was one of the pioneering nations in establishing regulations for gaming activities. Consequently, this small Caribbean island nation has become a hub for gaming businesses worldwide aiming to adhere to the country’s comprehensive gaming legal framework. BC.GAME has set up a local office to ensure compliance with regulations and to offer support to fulfill the requirements of the local gaming ecosystem.

Acquisition of the license, specifically designed for LOK services, coincides with BC.GAME’s efforts to enhance user trust, forge new partnerships, and broaden the accessibility of its comprehensive gaming services. Obtaining licenses and ensuring compliance are crucial steps in solidifying BC.GAME’s position as a dependable and well-regulated global online gaming platform.

Through this new license, BC.Game has seven years of experience in the online gaming sector, creating various popular and original games. “Curacao is an essential first step in our broader global strategy. As we continue to accelerate our expansion, expect more exciting developments and good news in the near future.” said Jack Dorsey.

About BC.GAME

BC.GAME is an innovative online casino platform continually redefining industry standards. Committed to providing innovative solutions, BC.GAME creates a secure, fair, and professional service environment. Utilizing cutting-edge blockchain technology, BC.GAME ensures the highest standards of security and fairness for its users.

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PLAYSTUDIOS Top-Ranked Casino Games Expand Resorts World Partnership with Introduction of New York and Bimini Rewards

Destinations in New York, NY and Bimini, Bahamas Become Newest Members of Loyalty Rewards Platform

BURLINGAME, California, March 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — PLAYSTUDIOS, a developer of top-ranking, free-to-play casino games that offer real rewards, today announced it has expanded its partnership with international hospitality brand Resorts World. PLAYSTUDIOS has added Resorts World Casino – New York City and Resorts World Bimini to its growing list of loyalty platform partners. Players of myVEGAS Slots, myVEGAS Blackjack, and my KONAMI Slots will now be able to choose from a selection of rewards offered by these two properties.

Photo – http://photos.prnewswire.com/prnh/20160314/344007

Photo – http://photos.prnewswire.com/prnh/20160314/344008

Logo – http://photos.prnewswire.com/prnh/20151006/274316LOGO

Jeff Netzer, Vice President of Business Development for PLAYSTUDIOS, said, “We’re thrilled that Resorts World moved so quickly to broaden their relationship with us. Given our family of popular gaming apps and our growing global audience, we were able to demonstrate our value early on.”

Brad Egnor, Vice President of Marketing for Resorts World Casino – New York City, said, “We’re big fans of the work that PLAYSTUDIOS does. Their games are thoughtfully executed, they’re fun to play, and they look great. We’re confident that our players will love them and will appreciate the opportunity to connect with us in an exciting new way.”

Jennifer Anthony, Vice President of Marketing for Resorts World Bimini, said, “Our sister property in Birmingham, England, is already partnered with PLAYSTUDIOS. They are having a great experience, and we are convinced that our association with PLAYSTUDIOS will be a wonderful way to reach new audiences while more deeply engaging our existing ones.”

myVEGAS Slots, myVEGAS Blackjack, and my KONAMI Slots, by PLAYSTUDIOS, are top-ranked free-to-play casino apps and the only games that give loyal players real rewards from an exclusive collection of travel, leisure, and entertainment partners, including Resorts World, MGM Grand, Bellagio, ARIA, Royal Caribbean International, Wolfgang Puck, Allegiant Air, and Cirque du Soleil. Rewards include complimentary hotels stays, meals, shows, VIP nightclub access, and more. PLAYSTUDIOS apps are currently available on iOS, Android, and Kindle mobile devices. myVEGAS Slots is also available on Facebook.

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About PLAYSTUDIOS
PLAYSTUDIOS is a developer of engaging, casual games for mobile and social platforms. Founded by a team of experienced gaming and technology entrepreneurs, PLAYSTUDIOS’ free-to-play myVEGAS apps combine the best elements of popular social games with established casino gambling mechanics. Players enjoy ever-growing content libraries and the opportunity to earn an unprecedented selection of valuable, real-world rewards from leading hospitality, entertainment, and leisure brands. Current myVEGAS reward partners include Resorts World Birmingham, The Hippodrome Casino, MGM Resorts International, Wolfgang Puck, Cirque du Soleil, Allegiant Air, and Royal Caribbean International. For more information, visit the company’s website at http://www.playstudios.com/.

About Resorts World Casino – New York City
Resorts World Casino New York City (RWCNYC) is the first entertainment destination of its kind in the five boroughs of New York City. RWCNYC is operated by the Genting Group, a global company founded in 1965, operating destination resorts in Malaysia, Singapore, the Philippines, South Korea, the United Kingdom, the Bahamas, the United States and all four oceans through its Star Cruises and Crystal Cruises brands. Genting has more than 50 years of experience in the travel and leisure industry and collectively employs approximately 60,000 people while offering an unparalleled resort experience to over 50 million visitors a year worldwide.

About Resorts World Bimini
Resorts World Bimini (rwbimini.com) is nestled on the beautiful island of North Bimini, Bahamas, just 50 miles from Miami. Surrounded by white sand beaches and crystal clear turquoise waters, Resorts World Bimini is a 750 acre property featuring a variety of accommodations, including condos, beachfront villas, the first phase of a 305 room Hilton hotel, the largest marina in The Bahamas with 280 slips, six bars and restaurants, two pools and a world class casino. Resorts World Bimini is owned by The Genting Group, (www.genting.com), a global company founded in 1965, operating destination resorts in Malaysia, Singapore, South Korea, the United Kingdom, the Bahamas and the United States. Genting has more than 50 years of experience in the travel and leisure industry and collectively employs approximately 60,000 people while offering an unparalleled resort experience to over 50 million visitors a year worldwide.

CONTACT:  PLAYSTUDIOS, David Pascal, [email protected], (415) 500-5998; or Resorts World Casino New York City Michelle Stoddart, [email protected], 718-215-2984; or Resorts World Bimini  Melissa Rieder, [email protected], (305) 374-6664 Ext. 2308

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Fundamental Advisors, Leon Mayer & Co. and Aimbridge Hospitality Acquire El San Juan Resort & Casino

Revitalization to Restore Iconic Property as World-Class Destination

Investor Group to Significantly Upgrade Facilities through Planned Restoration

SAN JUAN, Puerto Rico, July 22, 2015 /PRNewswire/ – Fundamental Advisors LP (”Fundamental”), a leading alternative asset manager, today announced that along with partners León, Mayer & Co., (”León Mayer”) and Aimbridge Hospitality (”Aimbridge”), it has acquired the iconic El San Juan Resort & Casino, a Hilton Hotel from an affiliate of Blackstone.  Terms of the transaction were not disclosed.

El San Juan, established in 1957, is a landmark 387-room hotel overlooking two miles of pristine beach in the Isla Verde district of San Juan, and a valued member of the Hilton Worldwide system.  It boasts an 11,000 square foot grand ballroom (second largest in San Juan), three pools, nine award-winning restaurants, 15 active bars, lounges and nightclubs, a 7,500 square-foot casino and 12 beachfront acres.  Just two miles from Puerto Rico’s international airport, the property is located in a neighborhood known for upscale boutiques, beautiful beaches and eclectic restaurants, bars, and live music venues.

Together with partners León Mayer and Aimbridge, Fundamental plans to significantly enhance the property’s offerings and revitalize the storied resort to its original splendor by capitalizing on the investor group’s expertise in the hospitality sector and experience in the region.  As part of a planned revitalization of the property, the investor group is committed to significantly upgrading the resort’s facilities through a substantial capital expenditure investment to create a true luxury lifestyle property.

“This project represents an exciting development for both future guests of El San Juan as well as the vibrant community that surrounds this historic property,” said Laurence Gottlieb, Chief Executive Officer of Fundamental.  ”Fundamental has a long history of investing in Puerto Rico and we look forward to working with our partners as we return this iconic resort to its place as a world-class destination.  With a portfolio of unique or underutilized municipal and hospitality real estate assets, we intend to leverage our expertise to ensure that El San Juan delivers an unparalleled and unforgettable experience for guests of this truly exceptional property.”

“El San Juan is truly a one-of-a-kind property.  We are excited to partner with Fundamental and Aimbridge and look forward to leveraging our team’s strong connection to the Puerto Rican market and experience in hospitality, entertainment and real estate to elevate the physical condition and guest experience at El San Juan to a level that befits its historical status as an iconic luxury lifestyle resort and entertainment property,” said Andro Nodarse-León of León Mayer.

“With our principals having formerly served as the property’s operators, Aimbridge has long appreciated the remarkable vitality of El San Juan,” said Dave Johnson, President and CEO of Aimbridge Hospitality.  “Working with Fundamental and León Mayer, we are excited to use our deep expertise in hotel management to revitalize El San Juan, a property with a truly unique character and history.”

About Fundamental Advisors

Fundamental Advisors is a leading alternative asset manager dedicated to the municipal markets.  Founded in 2007 as a private equity firm focused on revitalizing distressed assets, Fundamental invests in a range of vehicles that capitalize on the growing opportunity set in the municipal market. For more information, please visit www.fundamentaladvisorslp.com.

About León, Mayer & Co.

León Mayer is a private equity and investment banking firm based in New York City and Miami.  Andro Nodarse-León and Benjamin Mayer established the firm in 2005 after having respectively been at Kohlberg Kravis Roberts & Co. (”KKR”) and Tishman Speyer.  Leon Mayer’s private equity practice invests in corporate and real estate assets that are underperforming relative to their full potential and takes a hands-on approach to improving their operating performance.  For more information, please visit www.leonmayer.com.

About Aimbridge Hospitality

Aimbridge Hospitality is one of the nation’s largest independent hotel investment and management firms with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles.  Aimbridge provides management, asset management, development, renovation and consulting services.  Based in Dallas, Texas and with development offices in Chicago, Dallas and Puerto Rico, Aimbridge currently owns and/or manages over 270 upscale, independent and branded hotels with over 36,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, Doubletree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Westin and Curio.  For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.

About Hilton Worldwide

Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 95 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of twelve world-class global brands is comprised of more than 4,350 managed, franchised, owned and leased hotels and timeshare properties, with more than 720,000 rooms in 94 countries and territories, including Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio – A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Visit news.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide, and www.linkedin.com/company/hilton-worldwide.

Contact
Jonathan Keehner / Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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The RLJ Companies Enters Into an Exclusive Agreement With IGT to Supply Video Lottery Terminals in Licensed Bancas Through Caribbean CAGE, an RLJ Company, in the Dominican Republic

RLJ Makes Major Commitment to Gaming within the Caribbean

 BETHESDA, Md., April 27, 2011 /PRNewswire/ — International Game Technology, a global leader in creating the major games that players love and the systems that improve the player experience, announced today it has entered into an exclusive agreement with Caribbean CAGE LLC (CAGE), a video lottery terminal (VLT) and gaming terminal operator in Latin America and the Caribbean, to supply several thousand video lottery terminals in licensed bancas (Bancas de Apuestas Depotivas) in the Dominican Republic and to connect those gaming terminals to the IGT Casinolink®  gaming management solution system.

 (Logo:  http://photos.prnewswire.com/prnh/20100907/PH60132LOGO )

 ”This agreement with Caribbean CAGE highlights IGT’s expertise in the global VLT market and in gaming management solutions,” said Patti Hart, IGT President and CEO. “Partnering with this industry-leading gaming company in the Caribbean and Latin America has given IGT an opportunity to launch our successful VLT products in the Dominican Republic. CAGE is well known in the industry for delivering great gaming experiences to its players, which makes this partnership with IGT a perfect fit.”

 ”This strategic agreement with IGT is a dynamic and exciting business opportunity for us to expand our reach across the Caribbean and Latin America,” said Robert L. Johnson, chairman of The RLJ Companies and majority owner of CAGE. “IGT’s track record of delivering world-class technology — including terminals, games and systems — will help CAGE empower small businesses to generate sustainable cash flow in these challenging economic times.”

 ”IGT’s technology will expand our capability by offering enjoyable games for consumers and players, as well as additional sustainable annual revenues for specific needs of many of the countries in Latin America and the Caribbean, such as health care, education and sports,” said Bob Washington, chairman and CEO of CAGE. “We at CAGE could not be more excited about our newly formed relationship with IGT and its commitment to deliver unique gaming solutions to our markets. The opportunity to partner with IGT in the Dominican Republic will provide us with the tools and the systems to monitor and ensure compliance with existing laws relating to video lottery terminals/slots in licensed bancas in the Dominican Republic,” he concluded. 

 IGT will begin by delivering several hundred VLTs in the spring of 2011, and will continue shipping additional units to the Dominican Republic on a monthly basis. A large percentage of the games IGT will supply to CAGE will be part of the Game King® 6.0 Multi-Game suite, featuring the industry’s top blackjack, poker and video slot themes. This multi-game suite offers 46 poker selections, 13 video slot titles, 9 keno games and blackjack. Additional games being provided to the Dominican Republic include player favorites such as Coyote Moon®, Cats, Kitty Glitter®, Da Vinci Diamonds® and Pharaoh’s Gold®.

 In addition to the VLTs, IGT Casinolink® will be used by CAGE to centrally monitor the bancas operations. IGT Casinolink® has the capability to connect the management of video lottery terminals, slot machines, table games, account-based wagering, marketing and casino cashier services into one comprehensive system. The system’s extensive reporting capabilities allow for better planning and operational decisions in addition to increased control, accountability and monitoring of casino cashier operations. This scalable solution can be used in single and multi-site casino properties. IGT Casinolink® meets Gaming Standards Association (GSA) compliance protocols, which gives operators the ability to respond to ever-changing business and market needs.

 About The RLJ Companies: The RLJ Companies, founded by Robert L. Johnson, is an innovative business network that provides strategic investments in a diverse portfolio of companies. The RLJ Companies seeks to target undiscovered or underserved markets then exercise solid management to achieve results. Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in hotel real estate investment; private equity; financial services; asset management; insurance services; automobile dealerships; sports and entertainment; and video lottery terminal (VLT) gaming. The RLJ Companies is headquartered in Bethesda, MD, with affiliate operations in Charlotte, NC; Little Rock, AR; Los Angeles, CA; San Juan, PR; and Monrovia, Liberia. Prior to founding The RLJ Companies, Johnson was founder and chairman of Black Entertainment Television (BET). For additional information please visit: www.rljcompanies.com.

 About Caribbean CAGE LLC: Caribbean CAGE LLC (An RLJ Companies Majority-Owned Company) is a U.S. Virgin Islands–based company that manages, develops, operates and distributes video lottery terminals in a number of countries and territories throughout the Caribbean and Latin America. CAGE is owned by RLJ Gaming LLC, RBW Gaming LLC and Cage HR LLC (Hard Rock). The Company was founded by Robert L. Johnson and Robert B. Washington, and is majority-owned by Johnson, who is the founder and chairman of The RLJ Companies and Black Entertainment Television (BET). Within The RLJ Companies portfolio, Johnson owns or holds interests in businesses operating in hotel real estate investment, private equity, consumer financial services, asset management, insurance services, automobile dealerships, sports and entertainment, and video lottery terminal (VLT) gaming. As a local-focused gaming business, CAGE installs and maintains VLTs at gaming sites such as restaurants, bars, lounges, liquor stores, convenience stores and other venues. More information about CAGE is available at www.caribbeancage.com.

About IGT: International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at www.IGT.com.

 

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IGT and AC Coin & Slot Realign Corporate Partnership



RENO, Nev., Oct. 2 /PRNewswire/ — International Game Technology (NYSE: IGT) and AC Coin & Slot today announced a restructuring of the companies’ long-standing relationship. Under a new agreement, IGT has purchased the distributorship for new IGT machine sales in Atlantic City and the Caribbean from AC Coin & Slot for $20.6 million, including $10.6 million in cash consideration. Also, IGT and AC Coin have amended the terms of the AC Coin & Slot proprietary game agreement.

The original 1983 agreement between IGT and AC Coin & Slot granted AC Coin & Slot exclusive rights to distribute IGT games in Atlantic City. The agreement was later amended to include the Caribbean. In 1994, the two companies entered in to an agreement that allowed AC Coin & Slot to utilize IGT base machines in all of its proprietary bonusing slot games.

Under the new agreement, IGT will now have direct access to sell games to casino customers in Atlantic City and the Caribbean. The combined transactions will provide AC Coin & Slot with the resources and opportunities to develop the core of its business and continue future growth and product development.

The new terms enable AC Coin & Slot to sell proprietary games outright, as well as offer a lease-to own, or a traditional lease structures. The company will retain the right to utilize IGT’s award-winning base machines and platforms to continue to develop its future product offering. AC Coin & Slot is now also free to seek alternative platforms to develop games in certain other gaming jurisdictions worldwide as well as seek out new partnerships in the Class II, and Central Determination Systems markets.

“This restructuring provides IGT the opportunity to sell direct to our casino customers in Atlantic City and the Caribbean,” states Craig Billings, vice president of corporate finance and investor relations, for IGT. “We look forward to working directly with these valued customers and to supporting AC Coin & Slot as they continue to seek new efficiencies and growth opportunities.”

“This is a true win-win for both companies and reflects the dramatic growth and evolution AC Coin & Slot and IGT have experienced in 25 years since the original agreement,” states Mac Seelig, president and founder of AC Coin & Slot. “We are incredibly excited to embark upon this new phase of growth.”



About IGT

International Game Technology ( www.IGT.com ) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.

Statements in this release, which are not historical facts, are “”forward looking”" statements under the Private Securities Litigation Reform Act of 1995. Although IGT believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT’s future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT does not intend, and undertakes no obligation, to update forward-looking statements to reflect future events or circumstances.

Information on risks and factors that could affect IGT’s business and financial results are included in their public filings made with the Securities and Exchange Commission.



About AC Coin & Slot

In business since 1978, AC Coin & Slot

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SUPER LOTTO PRESS RELEASE – Something BIG is coming!!!

CaribPR Wire, Bridgetown, Barbados, (17/08/2009) – What would you do with $5.346 Million dollars and that’s only the start!

On Thursday, August 20 th , 2009, The Caribbean Lottery will introduce the biggest

jackpot game to ever grace our shores. Introducing

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