Tropicana Entertainment Incorporated purchases The Chelsea Hotel

American casino operator Tropicana Entertainment Incorporated has signed a deal to acquire The Chelsea Hotel in Atlantic City and revealed that it soon plans to connect the property to its neighboring Tropicana Atlantic City property via a skyway bridge.

Tropicana Entertainment Incorporated completed a $40 million renovation of the Tropicana Atlantic City just last year and explained that the purchase of The Chelsea Hotel, which was carried out by its Tropicana Atlantic City Corporation subsidiary, is set to increase its Boardwalk rooms offering to around 2,730.

The Las Vegas-based operator additionally stated that it will be re-branding the 20-story The Chelsea Hotel as The Chelsea Tower at Tropicana Atlantic City with guests able to access the oceanfront hotel via a pedestrian bridge over Morris Avenue from as early as next month.

“We are pleased with this acquisition and the opportunity to offer our guests more hotel room options on The Boardwalk,” read a statement from Tony Rodio, President and Chief Executive Officer for Tropicana Entertainment Incorporated. “The Chelsea [Hotel] is a great addition to our four existing hotel towers at the Tropicana Atlantic City. Guests will be able to enjoy a boutique hotel feel while having full access to all resort options at the Tropicana Atlantic City.”

Opened in 2008, The Chelsea Hotel has been closed since December and was acquired two months ago from local operator Cape Resorts Incorporated for an undisclosed amount by IEP Morris, which is a subsidiary of Icahn Enterprises. The 331-room venue boasts ocean and bay views alongside a pool and cabana bar while Tropicana Entertainment Incorporated also declared that it plans to make “additional capital improvements” to the venue’s food and beverage offerings and spa and meeting facilities.

Icahn Enterprises, which is controlled by American business magnate Carl Icahn, moreover controls 68% of the stock of Tropicana Entertainment Incorporated and its intervention and subsequent reorganization of the struggling casino-operating firm helped save the company from oblivion in 2010.

“Since emerging from bankruptcy in 2010, Tropicana [Entertainment Incorporated] has been a great success story,” read the statement from Rodio. “The capital and support of Icahn Enterprises, our controlling shareholder, has been instrumental in our success and I appreciate Carl Icahn’s continued support in the execution of our strategy.”

Tropicana Entertainment Incorporated purchases The Chelsea Hotel was last modified: July 10th, 2017 by Adam Morgan


Resorts World New York breaks ground on $400m expansion

Resorts World Casino New York City (RWNY) in Jamaica, Queens has broken ground on a $400 million expansion at their Aqueduct Racetrack video lottery terminal and electronic gaming station casino. The expansion will comprise a hotel, several new restaurants, retail outlets and additional gaming machines. The project is expected to be completed by the middle of 2019 and create some 3,000 temporary construction jobs as well as 1,000 permanent positions. Thousands of indirect jobs will be created through the $200 million in economic activity the expansion will bring to New York.

Resort World’s parent company, Genting Bhd of Malaysia has already provided the New York State’s Lottery Education Fund with nearly $2 billion since the gambling facility opened in 2011.

Scott Molina, President of Resorts World Casino New York City said in a press release Wednesday: “We are incredibly excited to break ground on this extraordinary project, which will welcome visitors from around the world to enjoy the ultimate play, stay, dine and shop experience right here in Queens.”

According to the media handout, Genting has long planned to evolve the property into an Integrated Resort (IR) like those found in gambling meccas such as Las Vegas and Macau. The IR concept incorporates non-gaming amenities including hotel accommodations, dining options with a variety of price points, entertainment, and usually meeting space in an effort to attract the broadest range of patrons from all economic walks of life.

The company has already invested over $1 billion in the property including $700 million to retrofit the Aqueduct Racetrack grandstand.

For now, Resorts World is New York City’s only casino and sees over 10 million visits per year. A voter referendum championed by Gov. Cuomo and passed in 2013 not only authorized several true Las Vegas-style casinos in Upstate New York but also allows for one to be located in NYC or elsewhere downstate as soon as 2020.

Genting had initially set out to win a license in Upstate Orange County but none were eventually recommended there in the first round of location selections. They ended up with a license to create a casino in Thompson, Sullivan County near Monticello, at what was first billed as Montreign Resort Casino at Adelaar, but is now to be known as Resorts World Catskills. The $1.5 billion resort will sit on 1,700 acres and is expected to open in 2018. That project is owned by Empire Resorts, which is itself 88.7% owned by Kien Huat Realty Sdn Bhd of Genting Group.

Competition for any downstate casino license is expected to be fierce with Timothy J. Rooney Sr., owner of Empire City Casino at Yonkers Raceway, another New York Lottery-served casino, planning to go all in for a true casino license according to some reports.

A host of dignitaries was on hand as RWNY broke ground for the expansion at Aqueduct including Queens Borough President Melinda Katz., New York State Senator Joseph Addabbo Jr. Peter Ward, President of the New York Hotel and Motel Trades Council. John Bonacic, Chairman of the state Senate’s Racing, Gaming and Wagering Committee and New York State Assemblyman Gary Pretlow, Chairman of the Committee on Racing and Wagering, among others. Assemblyman Pretlow said of the project, “This expansion will increase economic activity and bring new jobs while giving consumers even more entertainment options.”

Resorts World New York breaks ground on $400m expansion was last modified: July 14th, 2017 by Lars Jones


Pragmatic Play appoints new Head of Marketing

Award-winning online slot and table games developer Pragmatic Play has reportedly named Victoria Bonner (pictured) as its new Head of Marketing.

Assuming the role earlier this year, Bonner’s appointment further strengthens the Malta-based firm’s executive team as she brings with her more than 10 years of marketing experience. Prior to joining Pragmatic Play, Bonner was lead Events Manager at industry competitor NetEnt AB where she led customer days, game launch events, and conference showcases at various expos including G2E, EiG and ICE Totally Gaming.

Bonner’s previous experience within the technology and financial sectors, include stints at such companies as Microsoft, Google, and the Royal Bank of Scotland in public relations and marketing roles.

In her new role as Head of Marketing at Pragmatic Play, Bonner will reportedly lead industry communications, partner marketing initiatives and public relations.

Pragmatic Play Head of Business Development, Yossi Barzely, said: “We are thrilled to welcome Victoria to the team during what is an exciting period for Pragmatic Play.” Barzely continued, “Her excellent track record in iGaming and beyond make her a key addition to the business as we look to expand into new regulated markets and build on our reputation as a premium slot developer. Her results during her tenure to date have been impressive,” according to a press release.

Bonner added, “Pragmatic Play is a growing force in slot game development, with recent releases such as Jurassic Giants and Pixie Wings underlining its strength and potential.” And, “I am both delighted to have joined this talented team and eager to help contribute to the company’s future growth. I very much look forward to helping it become one of the best-known and most respected providers in the industry.”

Pragmatic Play appoints new Head of Marketing was last modified: September 26th, 2017 by K Morrison


Wigan Warriors confirm 188BET will continue as official main sponsor

After announcing a new partnership deal with the Durham County Cricket Club in August, it has now been confirmed that 188BET will remain the official main sponsor of the Wigan Warriors. 188BET worked with the club in 2010 and has been the main sponsor since 2016. As a top online sportsbetting company in the United Kingdom, 188BET has a long history of being involved with sports teams including football, snooker, rugby and cricket.

The Wigan Warriors announced the news this week with Kris Radlinski, the Executive Director for the Club, stating that the Warriors are thrilled that 188BET will stay on during the next season as the main sponsor. According to Radlinski, 188BET has built a rapport with fans of the club with several initiatives that have been proven to be quite popular. He further stated that Wigan fans have encouraged the club to re-sign 188BET, which goes to show just how popular the company is.

Radlinski went on to thank 188BET for their support and that the club looks forward to the relationship continuing to strengthen. With the main sponsorship extension, the logo of 188BET will stay on the front of the match shirts of Wigan Warriors as well as the replica shirts.

Wigan Warriors confirm 188BET will continue as official main sponsor was last modified: September 26th, 2017 by Marie Kelley


Adelaide Casino approved for $330 million expansion and relaxed VIP requirements

SkyCity Entertainment has reached a new deal with State Government as part of their $330m casino expansion in Adelaide. The new arrangement will help SkyCity Adelaide Casino attract a broader range of high rollers.

Those VIPs will qualify for entry into premium gaming rooms with an annual spend of $8,000 per year instead of $12,000. They will also be able to invite up to four guests rather than just one as was allowed under previous rules. The concessions became effective Wednesday.

The Advertiser’s Adelaide Now online news service reports that SkyCity will also be able to invite up to 1,000 new customers to apply for premium gaming services.

Longtime gambling antagonist, Senator Nick Xenophon was not happy with the changes approved by the Independent Gambling Authority. He indicated that making it “easier” to qualify for VIP room entry will make the casino, “one big Venus fly trap.” He also reportedly said that the casino’s expansion would not be good for small retail and hospitality businesses or problem gamblers.

“They’re the ones who will be paying for this so-called riverbank showpiece,” he said. “But this expansion is going to be a misery magnet for gambling addicts,” the InDaily reports the Senator said.

SkyCity Entertainment Group chief executive Graeme Stephens said in a statement: “We believe there is demand for more quality hotel rooms in Adelaide from both domestic and international visitors. This provides a better-balanced product while also helping South Australia realize its full potential as a premium tourist destination.”

The concessions come along with final agreement on a casino expansion and revitalization project, which has been in the works since 2012. SkyCity will erect a 12 story boutique hotel, rather than the 11 floors originally planned and increase the room count from 89 to 123. The new Adelaide casino will feature three new restaurants, bringing the total to five along with three new bars. The new casino is expected to offer over 1,000 gaming machines and 140 gaming tables with 30 of those to be placed in four new VIP rooms.

The price tag for SkyCity’s $330 million revitalization and expansion is just part of almost $1 billion in public and private investment in the Festival Plaza precinct. The railway station will receive a new entry, a new plaza will be constructed and a $500 million 27 story office tower will be opened.

Construction of the new casino and hotel is expected to begin in early 2018 and be completed in the third quarter of 2020.

 

Adelaide Casino approved for $330 million expansion and relaxed VIP requirements was last modified: July 27th, 2017 by Lars Jones