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Boyd Gaming Completes Acquisition Of Four Pinnacle Entertainment Assets

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Boyd Gaming Completes Acquisition Of Four Pinnacle Entertainment AssetsReading Time: 2 minutes

 

Boyd Gaming Corporation (NYSE: BYD) today announced that it has completed its acquisition of the operations of four properties from Pinnacle Entertainment, Inc.: Ameristar St. Charles (Missouri); Ameristar Kansas City (Missouri); Belterra Casino Resort in Florence, Indiana; and Belterra Park in Cincinnati, Ohio.

As part of the transaction, Boyd Gaming has entered into a master lease agreement with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), which owns the real estate of Ameristar St. Charles, Ameristar Kansas City and Belterra Casino Resort. Boyd Gaming acquired both the operations and real estate of Belterra Park, utilizing financing from GLPI for the purchase of the Belterra Park real estate assets.

The acquisition follows the Company’s recent purchase of Valley Forge Casino Resort in King of Prussia, Pennsylvania, on September 17.  Boyd Gaming now operates 29 casino properties in 10 states – Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.

“By adding these four high-quality properties, we have significantly expanded our portfolio and enhanced our free cash flow profile at a compelling multiple,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming.  “We have gained a strong presence in three of the Midwest’s largest gaming markets, with access to millions of potential new customers.  We are pleased to welcome the Ameristar and Belterra team members to Boyd Gaming, and look forward to great success together.”

 

About Boyd Gaming:
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states.  The Company currently operates 1.76 million square feet of casino space, approximately 38,000 gaming machines, 900 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets.  With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and include (without limitation) statements regarding Boyd Gaming’s significant expansion of its portfolio and its enhanced free cash flow profile at a compelling multiple. These forward-looking statements are based upon the current beliefs and expectations of management and involve certain risks and uncertainties, including (without limitation) risks associated with changes to the financial conditions or the economic conditions in the areas in which Boyd Gaming operates; the fact that Boyd Gaming’s expansion projects are subject to many risks inherent in expansion, development or construction of a new or existing project; competition; litigation; financial community and rating agency perceptions of Boyd Gaming and its subsidiaries; changes in laws and regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital market conditions; and the effects of war, terrorist or similar activity. Additional factors are discussed in “Risk Factors” in Boyd Gaming’s annual, periodic and current reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this press release are made as of the date hereof, based on information available to Boyd Gaming as of the date hereof, and Boyd Gaming assumes no obligation to update any forward-looking statement.

 

Source: Boyd Gaming Corporation


Source: Latest News on European Gaming Media Network

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Play’n GO Announce Latest ‘Wild’ Slot, Crystal Sun

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Play’n GO Announce Latest ‘Wild’ Slot, Crystal SunReading Time: 2 minutes

 

Simplicity is the watchword for the latest Play’n GO slot title, Crystal Sun, which is officially released today.

A vibrant and 5×5 video slot, Crystal Sun is a straightforward game with lots of fun characteristics that will keep players engaged and entertained.

The planet symbols will align along the game’s reversible paylines meaning players will be able to score wins by matching the game symbols left to right and right to left, instead of just one way as is standard in most slot games.

The real star of this game is the twist Play’n GO have incorporated into the way the Wilds operate. The game’s Wild is represented by a shining sun and, once it lands on a reel, it will expand to cover the whole reel, spreading Wilds across all paylines and increasing a player’s chances of winning. The Wild also has the chance of including a multiplier, allowing for winnings earned to be multiplied.

The game is a different tone from the detailed story driven content that Play’n GO has been releasing in the recent past, but it provides an alternative type of experience to players, according to CEO Johan Törnqvist:

“Players are much more knowledgeable now, they know what type of games they want to play, and how and where they want to play it.

But no matter what their focus is, one thing never changes; players know a good game when they see one. So it’s important for us to cater to a wide range of tastes and that’s why we have such a diverse portfolio of games to offer but, at their core they’re all great games and players respect that.”

For more information about Play’n GO, their offices, or their products and services, please visit http://www.playngo.com

Founded in 2005, Play’n GO are a leading supplier for slot gaming in the casino industry. One of the first suppliers to recognise and utilise the potential of mobile slot gaming, their innovation has revolutionised the industry and led Play’n GO to the forefront of the casino supplier market. Since its inception Play’n GO have curated a portfolio of award-winning games developed and tailored for compatibility with all devices and operating systems. In addition to this, they also provide back-end services and solutions to ensure operators are equipped to provide the ultimate gaming experience; this includes their casino platform and their server-based gaming solution, OMNY.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Play’n GO Announce Latest ‘Wild’ Slot, Crystal Sun

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Police Arrests Three South Koreans for Running Online Gambling Ring in Vietnam

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Police Arrests Three South Koreans for Running Online Gambling Ring in VietnamReading Time: 1 minute

 

Police have arrested three South Korean men for organising online gambling ring in Vietnam. All the three of them have entered Vietnam on tourist visas and organised online gambling for South Koreans living in the country, police said.

Police seized 20 mobile phones, nine bank cards, 37 desktop computers, two laptops and devices for online payment from their rented house in Vung Tau Town.

The online gambling ring was hosted by a website with its server outside Vietnam, providing thousands of players, mainly South Koreans, with a variety of gambling games.

Since November last year, the ring had organised transactions worth more than VND170 billion ($7.3 million), police said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Police Arrests Three South Koreans for Running Online Gambling Ring in Vietnam

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EveryMatrix powers the relaunch of Mybet brand

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EveryMatrix powers the relaunch of Mybet brandReading Time: 2 minutes

 

EveryMatrix is delighted to support the relaunch of Mybet, a well-known name in the iGaming industry. Mybet’s new back-end is now powered by EveryMatrix’s GamMatrix, the flexible and scalable gaming management platform.

After being acquired by an investment group in December 2018, Mybet went through an extensive reconstruction process and is now relaunching its operations across many European markets through a licensing partnership with Rhinoceros Group.

EveryMatrix provides Mybet with a fully managed platform which delivers player management, seamless wallet, CMS, in-depth customizable reporting, fraud detection and prevention tools. GamMatrix supports responsible gambling rules for multiple EU jurisdictions: reality checks, self-exclusion/time-out mechanism, various gambling limits (deposit, loss, wagering) and many more.

EveryMatrix also provides payments processing via MoneyMatrix, a licenced and regulated Financial Institution which provides access to over 150+ payment solutions.
Mybet will uphold full control over the user experience by using EveryMatrix’s Web APIs for building their new mobile-first front-end.

Tobias Carlsson, Rhinoceros Group CEO, said: “We have a longstanding relationship with EveryMatrix, and both parties have helped the other to successfully compete in the marketplace. We are confident this great cooperation will continue also with Mybet. Mybet was one of the pioneers in the German sports betting field, and together with EveryMatrix and our other partners we will do everything in our power to revive that legacy and bring players the experience they desire and deserve.”

Stian Hornsletten, Co-founder of EveryMatrix and CasinoEngine CEO, commented: “We already have a strong partnership with Rhinoceros Group and we gladly stepped up to the challenge of helping Mybet create such detailed integration. Mybet is a powerful brand with high notoriety and we are pleased to provide our technology for their renewed journey. The new integration is a solid proof of GamMatrix and CasinoEngine’s high-availability, scalability and performance.”

Mybet’s sports betting operations are powered by the established sportsbook provider Kambi, which is now integrated with EveryMatrix’s back-end platform to bolster the operator’s growth.

 

About Mybet:
Founded in 1998, Mybet is Germany’s pioneer in online sports betting and has throughout the years provided betting services to millions of customers. Mybet is since December 2018 under new ownership. Mybet was relaunched in April 2019 and has in a short period of time re-established itself as a leading contender in the markets it operates in.
Mybet’s ambition is to provide its customers with a seamless mobile betting experience, enabling them to find their favourite bets whenever and wherever they like.
Learn more at www.mybet.com.

About EveryMatrix:
EveryMatrix delivers a modular and API driven product suite including a market leading one-stop shop casino content aggregator and integration platform, a cross-product bonusing engine, a fully managed sportsbook and sport data services, a stand-alone payment processing product, and a multi-brand affiliate/agent management system.
To offer the services required by operators, the EveryMatrix products work together as an entire platform or independently and can be easily integrated with existing platforms to accommodate different types of clients from bookmakers to lotteries and, from existing large operations to newcomers. Learn more at www.everymatrix.com.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: EveryMatrix powers the relaunch of Mybet brand

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