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Caesars Entertainment, Golden Entertainment get approval for corporate restructure

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The State Gaming Control Board of Nevada has approved the tentative proposals of two gaming companies Las Vegas – namely Caesars Entertainment Corp., and Golden Entertainment Inc. –to amend their corporate structures. The corporate restructure would enable them to streamline operations and refinance interest expenses.

In separate actions, the board unanimously recommended amended orders of registration for Caesars Entertainment Corp., and Golden Entertainment Inc.

The Nevada Gaming Commission will consider final approval of the recommendations on July 26.

Corporations are required to explain new shelf registrations to the board, which also gives regulators the opportunity to receive updates on their properties when they modify their licenses.

Officials with Caesars, which exited Chapter 11 bankruptcy protection last fall, told regulators they’d save $160 million annually in interest expenses and would simplify the company’s ownership structure with the applications recommended for approval.

The company is in the midst of a series of room renovations occurring over several years across the Strip and later this year will break ground on a new convention facility east of The Linq Hotel.

Golden, which closed on its acquisition of American Casino and Entertainment Properties for $850 million in October, is seeking an amended order of registration to streamline its operation of the Stratosphere, Arizona Charlies’ properties in Aquarius in Laughlin.

The applications recommended for approval also adds the licensing of Vice President and Treasurer Charles Protell along with Golden executives that already had been licensed.

Source: reviewjournal.com


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Ukrainian football body warns bookmakers

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The Football Federation of Ukraine (FFU) has issued a warning notice to bookmakers. The organisation has been strengthening the efforts to minimise the impact of gambling on football. FFU has so far identified 30 clubs and judges as vulnerable entities per person to match fixing.

FFU announced that it is considering a ban on the transfer of information about the U17 tournaments to bookmakers.

Previously, the FFU had already blocked the transfer of statistics to bookmakers in tournaments for players under 18 years of age. This practice led to the fact that bookmakers did not have the opportunity to offer bets on such competitions, which in turn positively affected the number of fake games in junior football leagues.

But this August it appeared that matches in the tournament in honour of V. Bannikov were offered by some betting companies for bets. In connection with this episode, FFU expressed an intention to provide the legal regulation to statistics data transfer from football tournaments to representatives of bookmakers.

If bookmakers operating in Ukraine fail to follow new rules, FFU will take measures to completely prohibit the bets on the competitions that are held under the aegis of the FFU.

 

Source: ffu.ua


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New Hampshire to launch online lottery

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The US state of New Hampshire is all set to launch its first online lottery products. The launch is scheduled later this week. When it takes place, New Hampshire will become the sixth US state to sell instant lottery online.

 “We have long viewed ourselves as a player-centric lottery,” said Charlie McIntyre, executive director of the New Hampshire Lottery. “Our focus in everything we do is how best to make our products entertaining and accessible to our customers by creating a strong and positive play experience. Launching iLottery is the critical next wave component in enhancing our players direct interaction with our games.”

To run its iLottery, New Hampshire selected NeoPollard Interactive, a turnkey online lottery solution active in several North American jurisdictions. NPI will provide the platform and manage several aspects of the NH online lottery for the state.


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Red Tiger agrees Betclic deal

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Slots from award-winning game and software provider Red Tiger Gaming are now live with Betclic, one of the betting and gaming industry’s longest established brands.

A number of titles are being rolled out in the coming weeks, allowing the supplier to continue its expansion in regulated markets around Europe.

As part of the agreement Red Tiger’s Smart Spins functionality has also been made available to Betclic, allowing them to make the most of one of the most enticing player bonus systems around.

Gavin Hamilton, CEO of Red Tiger Gaming, said: “We are very pleased to have agreed this deal with Betclic which will see our games and Smart Spins functionality made available to their customers.

Warren Eloff, Head of Product (Casino and Poker) at Betclic, said: “Red Tiger Gaming is a well known for producing exceptional slot games, and we are delighted to have the chance to offer them to our customers. We are excited about working with such an innovative partner as we continue to grow our brand.”

 

 

About Red Tiger Gaming:

Red Tiger Gaming is a young and dynamic casino games developer offering top-performing HTML5 slots and table games, a bespoke progressive jackpot system and Smart Spins, an innovative bonus management application. Founded in late 2014 by a group of industry veterans from major B2B and B2C gaming brands, the company is growing fast and is now served by over 200 full time staff including mathematicians, graphic designers, software developers, audio engineers, gambling experts, QAs, account managers and secret magicians; all entirely dedicated to continuously improving the slots player experience. Learn more at: www.redtigergaming.com

 


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