Connect with us

Latest News

MGM Resorts International Executive Chris Kelley Named Future President & COO Of Northfield Park Property

Published

on

Reading Time: 3 minutes

 

Kelley to oversee operations at Ohio resort currently known as Hard Rock Rocksino Northfield Park upon its acquisition by MGM Resorts

MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) announced today that it has appointed Chris Kelley as the new President & COO of the Ohio resort, currently known as the Hard Rock Rocksino Northfield Park. The Hard Rock Rocksino Northfield Park will be rebranded when MGM Resorts acquires the property, which is expected to occur in the first half of 2019. In this role, Kelley will oversee daily operations at the property while providing strategic direction and leadership.

“We are thrilled to have the Northfield Park team joining the MGM Resorts family and look forward to Chris’ leadership and strategic vision driving the Company’s success as we expand into a new market in Ohio,” said Anton Nikodemus, Chief Operating Officer of Regional Operations of MGM Resorts. “The Rocksino already cemented itself as a market leader in gaming and entertainment and, with Chris at the helm, we are looking forward to building on that successful foundation and driving further growth.”

Kelley joined MGM Resorts as Vice President and Chief Financial Officer of MGM Grand Detroit in 2017. During his time in Detroit, he acted as a key player in the development of the property’s strategic plan and the implementation and management of continuous improvement efforts, in addition to ongoing enhancements to guest experience. Prior to joining the MGM Resorts, Kelley held numerous leadership positions with Viejas Casino & Resort near San Diego, including several years as the Chief Financial Officer. Kelley holds bachelor’s degrees in Economics and Political Science from Connecticut College and received a master’s degree in Economics from the University of North Carolina at Chapel Hill.

Northfield Park, which will be integrated into the MGM Resorts portfolio of best-in-class gaming and entertainment destinations, is a market-leading gaming, dining and entertainment facility located in Northfield, Ohio, a suburb approximately 17 miles southeast of downtown Cleveland and 18 miles north of Akron.

Kelley will assume his new role at Northfield Park upon closing of the acquisition and the completion of licensing requirements.

ABOUT MGM NORTHFIELD PARK

Hard Rock Rocksino Northfield Park is Ohio’s award-winning gaming, dining, and entertainment destination, located on the Northfield Park harness racing grounds, which offers more than 200 live harness races each year. True to Cleveland’smusical history as a birthplace of rock ‘n’ roll, the Rocksino offers the legendary vibe of the Hard Rock brand, including more than 2,300 gaming devices offered both inside and outside, varied dining options and unparalleled live music events. The Hard Rock Live music venue, the fifth of its kind, hosts sell-out crowds of up to 2,100 guests for live entertainment by renowned musicians, in addition to hosting guests for a variety of functions and banquets. Hard Rock fans enjoy phenomenal dining at the world-famous Hard Rock Cafe; Kosar’s Wood-Fired Grill, football legend Bernie Kosar’s finest steakhouse; Concerto Italian Kitchen, a fast-casual restaurant, featuring personal pizzas, creative pasta dishes, gelato, and more; Fresh Harvest, an endless buffet with seven action stations; and Constant Grind, a bistro with sandwiches, sweets and more. In addition, the Rocksino offers a Rock Shop with famed Hard Rock merchandise to take home memories of the Rocksino experience, as well as a 350-seat live venue, Club Velvet, features comedians and illusion acts, dance parties, special events and is also readily available for private parties and events. As a focal point for the Center Bar leading into Hard Rock Cafe, Van Halen’s red hot motorcycle makes “everybody want some” as one of many “arena rock” pieces from Hard Rock’s unmatched, priceless memorabilia collection at the Rocksino.  On October 18, 2017, the Rocksino opened ROCKSTOP GAS & WASH, a new Hard Rock branded and first of its kind, state-of-the-art gas service station and car wash. For more information about Hard Rock Rocksino Northfield Park, please visit www.hrrnp.com.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company in 2018 opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 81,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information visit us at www.mgmresorts.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: MGM Resorts International Executive Chris Kelley Named Future President & COO Of Northfield Park Property

Latest News

Intralot and Intracom deny news of merger

Published

on

Intralot and Intracom deny news of mergerReading Time: 1 minute

 

Greek gambling company Intralot and local IT holding firm Intracom have both denied news about their potential merger. In their separate statements, which curiously looked identical, both companies stressed that the news did not “correspond to reality.”

There had been rumours that a mega-merger of Intralot and Intracom was on the cards. The rumours emerged after Intralot suffered a drop of the nominal value of its bond and a downgrading of its credit rating at the start of the year.

The rumour gained ground because Intralot and Intracom have the same founder and majority shareholder – Greek business mogul Sokratis Kokkalis. Mr. Kokkalis stepped in as the new CEO of the gambling company early this month, replacing Antonios Kerastaris. The now former Chief Executive of the Greek gaming, betting, and lottery group departed after Intralot lost its bid to continue providing sports betting technology to Turkey’s state-owned operator Iddaa.


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: Intralot and Intracom deny news of merger

Continue Reading

Latest News

PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

Published

on

PAGCOR Press Statement on Quezon City's insistence to impose casino entry feesReading Time: 2 minutes

 

As Quezon City Vice Mayor Joy Belmonte continues to insist on the imposition of entrance fees to Quezon City residents who wish to play in casinos and other gambling facility in the area, the Philippine Amusement and Gaming Corporation (PAGCOR) underscores several cases and provisions that cite the supremacy of national government over local government units.

First, in “Basco vs. PAGCOR (1991)”, wherein the City of Manila filed a case seeking to annul the PAGCOR charter, the court ruled that Presidential Decree (P.D.) 1869 waived the right of the city to impose taxes and fees. The court decision cited that the power of the local government to impose taxes and fees “is always subject to limitations which Congress may provide by law.”

It furthered that P.D. 1869 remains an operative law, until amended or repealed.

Another case, “City of Cagayan de Oro vs. Pryce and PAGCOR (1994)”, cited that ordinances should not contravene a statute that is obvious. It stated that “municipal governments are only agents of the national government; and local councils exercise only delegated legislative powers from Congress as the national law-making body.” Hence, local government units cannot be superior to Congress from which they derive their powers.

The third case, “Herbert Bautista vs. PAGCOR (2016)”, cited that under its Charter, PAGCOR and its agents are exempted from paying local taxes as P.D. 1869 Section 13 provides that “no tax of any kind or form, income or otherwise, as well as fees, charges or levies of whatever nature, whether national or local, shall be assessed and collected under this Franchise from the Corporation nor shall any form of tax or charge attach in any way to the earnings of the Corporation, except a franchise tax of five percent of the gross revenue or earnings derived by the Corporation from its operation under this franchise.”

The entry fees on the city residents who will enter the casino which the Quezon City local government is contemplating on imposing, takes the form of “tax” because of its nature to generate revenues.

However, if the purpose of the imposition of entry fees is to discourage citizens to frequent gaming facilities, such practice is an obvious exercise of police power, and in fact, an encroachment on the function of a national regulatory entity.

PAGCOR, having been granted by Congress with the power to regulate gambling, has the authority to determine the rules and regulations that may deem fit in the regulation of the gaming industry.

If PAGCOR does not find it necessary to impose entrance fees to its clients, then Quezon City’s local government cannot supersede this even if it claims that the imposition of entry fees is only applicable to their constituents.

Besides, if the local government of Quezon City believes that doing such is tantamount only to “safeguarding the welfare of their people”, why did it grant so many Letters of No Objection (LONOs) and Resolutions of No Objection (RONOs) to bingo and other electronic gaming sites in Quezon City?

As of February 28, 2019, there are 97 electronic gaming sites in Quezon City. Of this number, 63 are bingo sites and 34 are eGames gaming sites. This figure does not include the LONO and RONO granted by Quezon City government to Solaire Resort and Casino.


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: PAGCOR Press Statement on Quezon City’s insistence to impose casino entry fees

Continue Reading

Latest News

Blackstone to acquire Ukrainian gaming development company

Published

on

Blackstone to acquire Ukrainian gaming development companyReading Time: 1 minute

 

The Blackstone Group LP, a US-based investment and asset management company, is all set to acquire Murka Ltd and Murka Entertainment Ltd, an Unranian company that develops unique social and mobile games. The Blackstone Group has already informed Cypriot Commission for the Protection of Competition about the plan.

Murka, established in 2011, is known for its social-casino games like Slots Journey, Slots Journey 2, TX Poker, S & H Casino, Vegas Slots, Royal Fortune Slots, Bubbla Cadabra and Scatter Slots.

These games, where real money cannot be won, exist as mobile apps and on Facebook. Publisher of social casino games earns money via selling in-game content and/or advertising. According to various data, the global social casino market in 2018 brought publishers from $ 3.2 billion in total to $ 3.46 billion on mobile platforms.

Currently, over 100 people work in the Kiev, Dnipro and Lviv offices of Murka. The company has not commented the conditions of the upcoming transaction yet.


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: Blackstone to acquire Ukrainian gaming development company

Continue Reading
Advertisement
NSoft

Industry News

  • Live Event/Conference
  • Press Releases
  • Latest News
  • Gambling in the USA
  • European Commission

  The third edition of Prague Gaming Summit took place last week at the ‘traditional base’ of the co [...]

  It has been reported by industry media that Latvia’s parliament has decided to ban gambling halls [...]

  The second edition of MARE BALTICUM Gaming Summit – The Baltic and Scandinavian Gaming Summit and [...]

  We are slowly gearing up to the host the most important Prague Gaming Summit and here are 7 facts [...]

  The online gaming industry is changing quickly, whether we’re looking from the perspective of cons [...]

  GamblingCompliance has announced the official shortlist for the Global Regulatory Awards 2019.  NS [...]

  Swedish online betting company Betsson has signed a partnership agreement with CompetitionLabs, a [...]

  DIMOCO today announces its seal of approval from both European Lottery Association (EL) and World [...]

  Leading online bookmaker Betway has agreed a one-year deal to sponsor BLAST Pro Series. Spanning e [...]

  Zitro will showcase its newest offerings at the upcoming trade show FADJA Columbia to be held on 1 [...]

  US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages o [...]

  The UK government’s recent decision to reduce the stakes on fixed odds betting terminals (FOBTs) h [...]

  Victorian Responsible Gambling Foundation, the Australian state’s body to help problem gamblers, h [...]

  The Oregon Problem Gambling Resource (OPGR) has revamped its website to help people with gambling [...]

  The Kenyan government has announced that it is going to implement a new tax regime, especially for [...]

  Philadelphia developer Bart Blatstein has announced his plans to re-open a casino at Atlantic City [...]

  New service includes the world’s largest coverage of March Madness for player props   Digital Spor [...]

  Q4 REVENUE INCREASED 11.9% YEAR-OVER-YEAR   Twin River Worldwide Holdings, Inc. reported financial [...]

  US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages o [...]

  The Oregon Problem Gambling Resource (OPGR) has revamped its website to help people with gambling [...]

  Today, the new measures to counter money laundering by criminal law enter into force across the EU [...]

Brussels, 19 June 2018 – Digital Single Market: EU negotiators reach a political agreement on free f [...]

LONDON, June 18, 2018 — Codewise, the industry’s first provider of AI-powered online ad measurement [...]

Brussels, 6 June 2018 – The European Parliament and the Council reached late last night a political [...]

Tre

%d bloggers like this: