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Gaming Licensing Consultancy Formed

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A new gaming licensing consultancy firm as been formed it was announced today by Steven M. Saferin, Managing Director of the new firm:  The Entertainment and Sports Gaming Network (“ESGN”).  In addition, Saferin announced that ITV Ventures a unit of the largest British broadcaster has signed on as the firm’s first client.

Saferin, who retired at the end of 2016 from his role as President Properties Group and Chief Creative Officer of Scientific Games one of the largest fully integrated gaming companies in the world, will initially have offices in Florida and London.

Saferin and his wife Linda formed MDI Entertainment LLC in 1986 and went on to virtually create the lottery licensing category.  Over the last 15 years third party licensed scratch tickets have accounted for nearly 10% of total scratch sales.  Scientific Games acquired MDI in 2003.

Over the course of more than two decades MDI acquired lottery licensing rights to hundreds of licenses for such diverse properties as Monopoly, Wheel of Fortune, The World Cup, Major League Baseball, The NBA, Harley Davidson, Deal Or No Deal, Betty Boop, The Walking Dead, Elvis Presley and Pac Man.

In 2012 Saferin left his leadership role at MDI to head up all third-party licensing for Scientific Games for lottery, electronic gaming machines and social and on-line casinos.  In that role he led the negotiations for cross-channel licensing agreements with Hasbro (Monopoly and other games), Warner Bros. (Willy Wonka, Lord of the Rings and other shows), Elvis Presley, Margaritaville, Michael Jackson, The Simpsons (slots only) and led the preliminary talks for the now completed James Bond license.

In addition, Saferin announced that a unit of British Broadcaster ITV, ITV Ventures has become ESGN’s first client.  He will assist them in structuring gaming licensing agreements outside the UK for shows such as Love Island and Hell’s Kitchen.

“Gaming licensing is a critical component of gaming operators’ and vendors’ content strategy,” Saferin said.  “My objective is to not only assist licensors in creating gaming opportunities for their shows and brands but also to assist them in maximizing the value of those brands to licensors and gaming operators after agreements have been struck.”

“I am very pleased to announce ITV Ventures as ESGN’s first client.  Love Island is a true television phenomenon in the UK.  Original versions of the show have now been commissioned in a total of 13 countries, including the U.S. where the show launches on CBS in July in prime time,” Saferin stated.  “Love Island has also been successfully introduced multiple times as an instant win digital scratch game by Camelot in the UK as well as a paper scratch card,” Saferin added.

“I have always thought that Hell’s Kitchen would make a terrific gaming brand.  The phenomenal success of the Hell’s Kitchen restaurant at Caesar’s Palace in Las Vegas seems to confirm that notion,” Saferin said.

“We are delighted to have entered into this relationship with Steve and ESGN,” commented Dave Christopher Director International Commercial and Digital at ITV.  “I have known Steve for many years and his creativity and leadership in gaming licensing is unmatched.  We look forward to working with him to bring many of our shows to the gaming category.”

THE THIRD-PARTY PROPERTIES MENTIONED ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS

 

Source: Entertainment and Sports Gaming Network


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: Gaming Licensing Consultancy Formed

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars EntertainmentReading Time: 2 minutes

 

Eldorado Resorts and Caesars Entertainment jointly announced a proposed transaction to combine the two corporations, pending shareholder and regulatory approvals. The deal is to be based on $7.2 billion of new debt financing and $500 million of cuts and other “synergies.” UNITE HERE, the hospitality workers union, represents approximately 25,000 workers at Caesars and Eldorado properties.

UNITE HERE-represented union casinos accounted for approximately 68% of the pro forma $30 billion combined Caesars-Eldorado EBITDAR in 2018. These 22 UNITE HERE union casinos altogether include over 50% of the combined company’s total hotel rooms, over 30% of its total slots, and nearly 40% of its total table games. UNITE HERE locals are currently in contract negotiations with Eldorado at Circus Circus Reno and Isle Pompano Beach. Contracts at six additional UNITE HERE union casinos in the combined Caesars and Eldorado portfolio will expire in 2020, including four properties in Atlantic City.

UNITE HERE issued the following statement from President D. Taylor:

“UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.”

2018, 7,700 UNITE HERE members went on a multi-city strike at Marriott hotels across the United States and won historic settlements in Boston, Detroit, San Francisco, San Jose, Oakland, San Diego, and Hawaii.

UNITE HERE represents over 300,000 hospitality workers in gaming, hotel, and food service industries in North America and provides analysis from the perspective of those who work in these industries.

 

Source: UNITE HERE


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: UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UK NHS to Open Gambling Clinic for Children

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The UK’s NHS is going to open its first gambling clinic for children.

According to the Gambling Commission, there are 55,000 children classed as having a gambling problem in Britain. The Commission also found that a total of 450,000 are gambling regularly.

“This action shows just how seriously the NHS takes the threat of gambling addiction, even in young people. The links between problem gambling and stress, depression and mental health problems are growing and there are too many stories of lives lost and families destroyed,” Simon Stevens, the NHS England chief executive said.

The move was welcomed by Carolyn Harris, the Labour MP for Swansea East, who said attitudes around problem gambling was at last shifting. “For too long the industry has dismissed problem gambling but now is the time for polluters to pay,” she said.

“The clinic will open as part of a new network of services for addicts being rolled out as part of the NHS Long Term Plan. Specialist face-to-face NHS treatment for gambling addiction has only been available in London but is being made available across the country as part of the new strategy,” NHS England 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: UK NHS to Open Gambling Clinic for Children

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Mobile Betting Bill Fails to Progress Through New York AssemblyReading Time: 1 minute

 

Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo 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: Mobile Betting Bill Fails to Progress Through New York Assembly

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