Indy Gaming: Boyd CEO focused on online expansion nationally, not Nevada

CEO, CEO, a Boyd Gaming's CEO, predicts that the legalization of online casinos in Nevada may take more than eight years. However, he believes that the job is actually across six states, and the Internet version of slot machines and board games for actual means is provided via computer and mobile devices.

"As time goes on, I think that the state has gained online sports and online casinos are inevitable, and it is inevitable that they are similar." Smith is actually the first quarter of last month. He talked in an interview with a voice meeting dedicated to the first quarter.

One of the companies that cooperates with the sporting giant, Fandecuel, is online casinos in Pennsylvania and New Jersey.

However, Smith warned of the legalization of online casinos, the fastest, which does not cause excitement like a legal sports fee in more than 30 states.

"I don't think something like sports tariffs will happen, for example," said Smith. "But I believe that it will expand in much more states in the top 5-6 and seven years."

According to Smith's text, Nevada is a "difficult story," and in fact, as of March, there were 446 licensed gambling businesses in the state. In other states, the number of licenses is small and the number of casinos is limited. Valley Forge Casino runs only 15 casinos in Pennsylvania, which is run by Boyd.

According to Nevada, Smith said, "This will need a very cautious discussion." According to his text, online games laws must be protected by the hundreds of millions invested in work and physical casino work.

"At the same time, there is an obligation to accept online games that can't actually go anywhere," Smith said.

Nevada legalized online poker in 2013, but the World Series of Poker brand Caesters Entertainment is considered an active website.

In this way, casinos can make a greater profit by legalization of the casino. Online casino trackers are basically a casino-operator living in different states, and is likely to support the legalization of online casinos in Nevada. Last October, MGM Resorts International Managing Director Bill Hornbacle said that the Nevada item industry was "missing important opportunities for growth" in the legalization of online casinos. I mentioned.

According to the AMP expert Eilers & amp; Camp, gambling operators in areas, such as Red Rock Resorts, are still skeptical of online gambling.

"Especially in almost all regional operators, legalization of online casinos is a serious threat to their retail casinos," said the company. "As a result, it is unlikely that the legislation will be seriously considered until the business has changed the policy."

Business expansion

However, BOYD is moving forward by expanding the online gambling presence throughout the state.

Boyd Gaming CEO Keith Smith

In March, the company announced that it will acquire Toront o-based Para interactive for $ 170 million. Para, a Southern California para Indian, in 2013, offers eight states and Canadian companies with real money online games and free community games. Para operates an online casino for individuals in New Jersey and Canada.

According to Smith's text, by gaining para ownership, Boyd can control his fate in the online game industry.

"There is no doubt that we can build a highly profitable regional online casino business with our geographical spread, powerful royalty programs, and meaningful databases," said Smith.

Boyd has 5 % of Fanduel's promotion, one of the three major companies operating sports betting and online games in the United States. FANDUEL will develop retail and online sports betting at BOYD casinos in six states.

"(In a contract with Pala), we can be deeply involved with our customers, and we can manage their skills directly, not through third parties.

"Fanduel is very suitable for our work, but it must be remembered that this company is a large company with many other priority. It can be integrated directly into a system and gives you the ability to change things and adapt anyway.

By operating the Stardust brand (a mobile casino app provided by Boyd) through the Pala platform, Boyd can get more "profits."

The resale contract will be completed in early 2023 with the approval of many regulatory authorities.

According to Trader, Trader, Barry Jonas, who said that Voyd was a lon g-term opportunity to improve online gaming and improve lan d-based casinos.

According to Smith's textbooks, foreign exchange flows from the digital business of voids are expected to reach $ 24 million in 2021 and to $ 30 million in 2022.

According to Eilers & Amp; amp; amp; Krejcik, Fanduel's online casinos, which cover partnerships with BOYD in the first quarter of 2022, have a profit of about $ 215 million, and the company from BETMGM and DRAFTKINGS. I was able to rent a space.

According to the company, total revenue from online casinos and poker in the United States will reach $4. 8 billion in 2022, 22% higher than in 2021.

Rather, Eilers & Krejcik said that this year, there is every chance that a certain number of states will pass laws regarding online gaming.

"Online casinos have remained a much more difficult political challenge than sports fees," the company said.

Boyd said that none of the other states that have regional casinos -- Louisiana, Illinois, Ohio, Missouri, Mississippi, Kansas, Iowa and Indiana -- allow online gaming, but the idea was discussed by the Indian Act in the last two legislative sessions.

"Most of them have been demolished online," Smith said. "So I have no doubt that some states will consider this idea rudimentary as an expansion of the gaming industry, again as a revenue and tax key for the state."

A man walks past a sign for the Las Vegas Ballpark Park on August 14, 2021. (Jeff Scheid/The Nevada Independent)

GLPI interested in baseball stadium: "We have something in the works"Peter Carlino, chairman of the board and general manager of Gaming & Leisure Properties, said last week that the company had "talked to all interested parties" for the Tropicana Las Vegas.

No one understands yet if this possibility will be linked to the construction of a 30, 000-space baseball stadium for the $1 billion ATS Ascend team moving to Las Vegas.

This comes as the team has encountered legal and political obstacles in carrying out its intention to build a new stadium in Oxden Harbor as part of its $12 billion restructuring plan.

During a conference call dedicated to GLPI's first-quarter earnings, Capital One Securities analyst Niall Malkin answered Carlino's questions about the 34-acre portion of the Tropicana.

Bally's Corp., which operates the casino, will pay $150 million to own and operate the 1, 500-room hotel-casino, plus $10. 5 million annually in lease payments for 50 years to GLPI. The deal is pending backing from Nevada gambling regulators.

"This property needs to perform to Bally's beyond the benchmarks we announced earlier, (and) this is OK," Karlino said. "If that's all that actually happens, we'll be pretty satisfied. If we can come up with something more, something that's best for them and best for us, we can't hold back."

Carlino made the remarks three months ago during a GLPI conference call about fourth-quarter results.

But last week, Curlino named a team, and Ace said, "In fact," said, "I'm evaluating this section."

In March, ACE President Dave Caval, President of ACE, to Nevada Independent paper, the team actually evaluated five space in the resort passage in Las Vegas, and should have a specific space name in the early spring. He said.

It was not possible to confuse Caval to get the explanation of the prepositions of Callino's expression.

Callino said that Ace was most interested in tropican adjacent to the strip.

"They also evaluated other lands." Probably ... if they are useful for them, they are confident that they are very interested in our land. can".

CNBC announced in December that five people are focusing on tropicans for the first time.

GLPI has 55 gambling facilities in 17 states.

"There are many walls that need to be overcome," says Karlino, "said Karlino," "This will be a profit for us, as the GLPI landowners continue to participate in transactions. I am killing. Not to say, for example, this happened.

According to Carlow's text, GLPI's Matthew Demtic's highest investment manager and Steve Radani's highest development manager attended the meeting. He does not mention whether Company A has participated in the discussion.

"Certainly, I am very convinced how far I can do it. If I can arrange exciting things, I will always make it. I will inform you before that. "

Vary's Sue Kim is trying to acquire an unpopted company through New York's Standard General, a founder of the founder, and is considered a major investment director.

The Standard General has 21 % of the promotions of Ballyzes and is considered to be the most c o-invested casino.

Barry representatives have abandoned the explanation of the stadium.

According to sources familiar with the selection of stadiums, the team is still paying attention to the 2 7-acres of the Earth, located in front of Bally's Las Vegas, Paris Las Vegas, and Planet Hollywood.

The land was considered as a baseball stadium space about 20 years ago when Montreal Expos was evaluated for relocation to Las Vegas. As a result, the team relocated to Washington and became Neshnls.

Last month, Vich, who belongs to this place, abandoned his speech about the space in the space.

Palms Casino Resort Casino Opening Ceremony (Note / Photo) of San Manuel Indian tribes and South Nevada Pyutsu participating.

Southern Nevada Pyuts tribes participating in the opening ceremony of Palms with San Manuel

The San Manuel Indian tribe in Southern California has participated in a member of Pyutofu in South Nevada at the ceremony dedicated to the resumption of the Palms Casino Resort ceremony last week.

In the first hearing on the license of the tribe in December, Chairman of the Gambling Hospitality Bureau, the San Manuel tribe, acknowledged that Las Vegas was the birthplace of Pyutofu.

"We did the explanation with both tribes." We did the explanation to both tribes.

Sun Manuel also added that it will always be arranged for the Earth for the Palms tribes, including the Las Vegas Pyuto and Moapa Pyuto.

"I'm still considering what to do." I want to always point out their original land somewhere on the site. "

A traditional blessing ceremony was held at Sun Manuel, inviting both pyots tribes. Only the Moap representatives were able to attend, and one of the Moap's elders was blessed.

"This is their original land, and we didn't want to invade their territory," she said.

At the ceremony, traditional bird songs were also performed by both tribes.

According to CASAS, San Manuel and Puzzo will continue to discuss various business opportunities, such as internships and ti e-ups with tribal entrepreneurs.

Hospitality Adminization also made a 50. 000 dollar dollar on Mondez Darkness, Las Vegas, and Oopochunge Village.

San Manuel acquired Red Rock Resorts for $ 650 billion from Red Rock Resorts for $ 650 billion. The tribes have benefited about $ 1 billion, 766 digits invested in resorts, as a result of the acquisition and reconstruction for nearly two years.

According to Casus, San Manuel's early efforts focused on reconstruction and now the renaming of office buildings called Heart House.

"We spent a lot of time and attention on the first day of opening the door to our employees, so that we can feel the warm welcome we provide and how to interact with our team." Casus said.

Former MGM Resorts Director Alex Yemenjan (right), Former Boyd Gaming Leader, Palms Kaiser Murphy, who hugs Bob Bonner. (Howard Stutz/The Nevada Independent)

Reunited with MGM-Palms

Palms' General Manager Sinty Kaiser Murphy has many of her own games career in the New York-New York Hotel & Amp; Amp; Strip casino president of the MGM Resorts International, a casino president of the strip. I spent.

Murphy, who was appointed Palms's general manager in September, was an event that was only allowed at the invited event before the 766 hotels resumed the public last week, most of her previous MG M-resort colleagues. I talked to everything.

Among the Murphy visits during the Chaos Night Club, MGM Resort's former chairman of the MGM Resort, Jim Merlen, and former President Randy Morton of Bellagio, former President Philis James, for many years. The communication chapter Alan Feldman and Clark Dumon were at least half daders of the MGM resort, the chief of the MGM resort.

Former MGM resort's economic director, Dan Darigo, was also available. After working for MGM Resorts for more than 23 years in March, Daligo, who retired in 2019, has been appointed as a cash director of Paul Company Sun Manual, a resort surrounding Sunberner Dino and Yaramaba 'casino. It was done.

Following the tape cut ceremony in a sports club in a renewed Palm Hill, Murphy is a former managing director and MGM Resorts Manager Alex Yemenjayan and a gaming company adviser, and a friendly former voice gaming to the tribe. It has been discovered to interact with the manager Bob Bouener.

November 2010, Marina Bay Sands in Singapore. (Commons. Wikimedia. Org)

Sands leaders: "Nothing has changed", not paying attention to South American investment

Last week, Las Vegas Sands's leaders did not talk a lot about the company's "strategic investment" to US technology providers. Consistency between quarterly profits.

Neither Rob Goldstein to be chairman and Chief Executive Officer nor Patrick Goldstein's Chief Executive Officer has not mentioned the United States. I named my honesty. Sands, which acquired Las Vegas resort for $ 6. 25 billion in February, has decided to withdraw to the digital game market.

"I didn't adjust anything from our point of view. We have a very long opportunity for digital technology," said Dumon.

When analysts asked about fairness in the United States, Dumon again focused on Sands' "wide strategy." For casino operating companies, which currently only have assets in Macau and Singapore, he explained that the unt 2 economic scale is "relatively small investment."

"We think we will invest in small and mediu m-sized enterprises that seem to have a great deal of growth," said Dumon. "From our perspective, we are considering many types of companies that exist in the early days or in the early stages of our industry to be convinced that we are actually in the process of technological innovation. "

ONS. Integrity tracks sports rates trends and data to detect any kind of game operation of sports rate and other no n-ethical or illegal tasks.

Game experts were not very surprised at the Dumon reaction to relatively digital investment.

According to their texts, Sands is focusing on more than $ 2 billion in Macau and the end of $ 3. 3 billion in Singapore's Marina Bay Sands. In the United States, he seems to be interested in the possibility of expanding casinos in New York, Texas and Florida.

"Deutsche Bank's gambling analyst Carlo Santarelli says," The company's management is unlikely to be activated until digital research stabilizes (normalization). "Las Vegas is Las Vegas. I think it's secondary for Sands.

At a telephone conference, Goldstein said that the company must continue to be modest, taking into account the financial difficulties facing Macau and Singapore in the background of the continuation of COVID-19 regulations.

"We need to protect discipline. Our balance sheet is in a fairly good condition." The business in Singapore has recovered as expected, and if Macau continues, (cash flow) $ 4 billion, $ 5 billion. We will return to $ 6 billion or one year later, and this is the basics of our eyes. I want to return to our guidelines.

A casino operated by MGM Resorts-Park MGM, New York-New York, Mandalay-Bay, located in the southern part of the strip on Tuesday, November 16, 2021. (Jeff Scheid/The Nevada Independent)

VICI grows more than 660 strip acrams -$ 17. 2 billion after trading with MGM.

The Viche Properties Real Estate Investment Fund, which was planned more than four years ago as a result of the reorganization of the bankruptcy of Caesers Entertainment, is now a strip-in a formal sense.

After closing the transaction for the purchase for $17, 200 million to create MGM-Growth Properties, Veach now has more than 660 acranes of the Earth on the Streep, including nearly 40 dozen properties.

In February, Veach closed a $625 million acquisition of real estate, resorts and meeting space owned by Las Vegas Sands Corp.

A statement from Veach's CEO Edward Pisognac tells us that the company is now considered a joint owner of hotel and meeting-related real estate in America. The entire REIT is valued at $44 billion. Veach has 43 properties in 15 states. Casinos are operated by eight tenants, and Veach's annual rental income in 2022 will exceed $2. 6 billion by monitoring.

"We continue to believe in the strength of the Las Vegas market, buoyed by the strong recovery from the Covid-induced downturn, the credible capabilities of our operators, and the continued institutionalization of this class of property," Vici President John Payne said in his own statement.

Vici announced the deal with MGM-growth in August. Last week, the REIT blocked a debt proposal for the $5 billion it still needs, which would have helped fund the position.

All of MGM-growth's properties will be provided by MGM Resorts International, which will receive $4. 4 billion for MGM REIT's 42% stake and VICI's 1% stake.

MGM will pay Vici an initial lease of $860 million over 25 years for management of 15 casinos and resorts in eight states, including seven on the Strip.

"The Vici team has worked closely with MGM to help us realize significant returns on the properties in our asset database," said Bill Hornbachler, general manager of MGM Resorts. "We look forward to continuing our long-term partnership with Vici."

As part of the Vici deal, the company will acquire a 50. 1% stake in MGM Growth in a joint venture with New York investment group Blackstone Group, which owns the properties MGM Grand and Mandalay Bay.

Fountain show at the Wynn Hotel in Macau. Credit: Istock. com (AKE1150SB).

Casino Macau Profits Fall by Unknown Indicators Over Past 18 Months

Macau's casinos have declined just 2. 1% per year since 2006, according to four-month profit results.

In April, China's gambling business was hurt as if shutdown and restricted tours on the continent caused by the occurrence of Cobid-19. The company's incapability is basically a feature of gambling business, but has become unfounded in the past 18 months. Ta.

Macau's gambling business investment was $ 331 million in April, actually 68% from a year ago. Following this, gambling companies in March decreased by 56 %.

Carlo Santallelli, a German bank analyst for traders on Sunday, has a profit of Macau's Artel Gapping $ 20. 6 billion, 1 % less than the Casino Macau, 1 % less than $ 10. 6 billion. I thought it was a dollar.

Stephen Vechinsky, an analyst of STIFEL FINANCIAL GAMING, is to a trader on Sunday, and in his text, he has no case in his text, in his text, he prepares the best odds. He told me that it was held on top.

The COVID-19 fell to $ 7. 56 billion in Macau's gambling casinos in 2020, decreasing 793 % from 2019, when Gambling Casino was $ 36 billion.

2013 was $ 45 billion, a record year for Macau's gambling.

In 2006, Macau Kasino increased at least $ 10 billion gamblin g-four years later, the government postponed the former Portuguese colony's gambling monopoly and opened a bazaar for US casin o-operators.

Vethinsky suggested Trader to concentrate in 2023 by "canceling" 2022 in 2023.

"We believe that traders should be aware that the bazaar will probably be in the recovery mode in early 2023," Vethinsky wrote in his analysis notebook. Other universe is heading for recovery, but it is not clear why China will return. Gambling companies have become unfounded since September 2020. "

At the Las Vegas Sands meeting held every quarter, Rob Goldstein, Chairman of Rob Goldstein, talked about the company's resort in Singapore, not Macau.

"Macau is currently in a difficult situation, and as a result, people will be fascinated by other opportunities. They want to wander. They are out of what they have actually seen in the United States. Not doubtful that we will return to a positive currency flow with both Macau. "

An image of a noble slot machine that flickers under the sunshade of the Free Mont Street Experience. (Photo is from the site)

Other attractive precedents

Ariste Clear Technologies has found the largest place to sell the company's slot machines.

The company has announced a marketing agreement with a 4/4 entertainment area in downtown Las Vegas. This is the first contract between a major slot machine maker and a Free Mont Street Experience. Financial conditions are not revealed.

The first video shows the characters of the Aristrat games called for playing in eight casinos, downtown, which have a direct exit to the Freemont Street.

On Friday, Ariste Clut has solidified the foundation of Henderson's 250. 000 squar e-foot manufacturing complex. This new facility will join the tw o-story Aristrat campus in Australia's Summerin.

On Monday, MGM Resorts International made a 677 million dolla r-equal acquisition to Lovegas, which is located in Stockholm (Sweden) and is developing online games in eight countries, mainly in Northern Europe and North America. The approval period of the proposal is from June to August.

LeoVegas offers both online casinos and sports betting.

"We have a great success in BETMGM in the United States, and the acquisition of Love Gas in Europe," said the highest executive officer Bill Hornbuckle.

Leofegas's sales in the past 12 months were over $ 413. 7 million and cash flow was $ 50. 5 million, ending on March 31.

Wells Fargo Security's gambling analyst Daniel Polyzer said that the transaction was "MGM Resorts and the 50-50 BETMGM partner, Entin PLC". It may be. " MGM Resorts has already attempted to acquire Entein, and if this transaction is realized, the two companies will compete in Europe.

"Lovegas will be a strict complementary relationship or strengthening the tension with Entertained will solve the time," a political representative wrote.

Everi Holdings' Game Equipment Supplier is about to acquire the historic jumping private developers of the Intuicode game and enter the niche game market.

Historical horse racing, like slot machines, uses previously led jumps instead of random results for betting. The most notable game market is Kentucky and Virginia.

Everi first pays $ 12. 5 million and pays twice according to the target revenue of the game. According to Everi's statement, the total cost of sale will be $ 22 to $ 27 million.

"The acquisition is an important opportunity to bring important knowledge of historical racing and experience in game development.