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MGM Springfield Makes New England Debut
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Investing in the Revival of a Great American City, Massachusetts’ First Resort and Casino Brings 3,000 Permanent Jobs and New Entertainment Offerings to Region
SPRINGFIELD, Mass., Aug, 2018 — MGM Springfield, New England’s first integrated luxury resort, officially opened its doors today. The resort combines the excitement and energy of Las Vegas with the rich historical context of Springfield, a city steeped in innovation and the arts.
“Travelers seeking authentic, local experiences are rediscovering small cities across the U.S. that fuse small-town charm with the allure of big-city culture,” said Jim Murren, Chairman and CEO of MGM Resorts. “With a 375-year legacy as a major crossroads of New England, Springfield is poised to join the likes of such hidden gems with the development of MGM Springfield leading a fresh wave of rediscovery in The City of Firsts.”
Inspired to drive curiosity in local heritage for a new wave of locals and visitors, MGM Springfield’s design team incorporated architectural landmarks and hundreds of locally sourced vintage treasures into the resort. From recasting the former hotel to Presidents Polk and Buchanan into a sophisticated steakhouse to restoring a 19th century arsenal and a High Gothic-style church, the development thoughtfully merges new building with historic architecture, with a resulting aesthetic that is distinctly Springfield.
Covering three city blocks in the heart of downtown, the resort features whimsical accommodations with nods to notable locals Theodor Geisel (Dr. Seuss) and Emily Dickinson; recognized-chef restaurants by James Beard Award-winning chef Michael Mina and Adam Sobel, and Hell’s Kitchen Season 14 winner Meghan Gill; innovative lounges; a seven-screen luxury Regal Cinemas; 10-lane bowling alley within TAP Sports Bar; a Topgolf® Swing Suite; a serene spa; an expansive public art collection; A-list entertainment; and an open-air plaza activated daily with live music, pop-up-art galleries, food trucks, events and more.
The opening follows two days of festivities at the resort. Massachusetts Governor Charlie Baker, Mayor Domenic Sarno, Congressman Richard Neal and Gaming Commission Chairman Stephen Crosby joined MGM Resorts Chairman and CEO Jim Murren and MGM Springfield President Mike Mathis yesterday to commemorate the occasion and celebrate the 3,000 jobs created with the resort’s opening.
Governor Charlie Baker said, “Our Administration is excited to officially welcome MGM to Springfield and we look forward to the new economic and job opportunities this project will help bring throughout the region. This project is a major investment in the workforce and economy of Western Massachusetts, and will also provide support to several important partnerships between education centers and community organizations.”
As a surprise during the opening week, actor Mark Wahlberg stopped by to announce that he will be bringing his family’s famed Wahlburgers to the resort. It will be located on the corner of Main and Union Streets on the southeast corner of the MGM Springfield campus, and is expected to open in late 2019.
This morning, thousands of eager visitors lined Main Street to enjoy a celebratory procession featuring hundreds of MGM Springfield employees, Cirque du Soleil performers, The Minutemen UMASS Marching Band, Indian Motorcycles, Springfield Mayor Domenic Sarno, MGM Springfield executives, community partners and the Budweiser Clydesdales.
Springfield Mayor Domenic Sarno said, “I am proud and thankful of MGM’s nearly $1 billion belief, investment and partnership with our city. Here’s to continued success!”
A glimpse into MGM Springfield:
- Accommodations. MGM Springfield features 250 guestrooms including 16 suites. Design details—including factory-style paned glass and Edison bulb fixtures—harken to Springfield’s industrial roots, while eclectic artwork evokes the locale’s creative iconography, visually referencing Emily Dickinson and Dr. Seuss – such as the 1,600-square-foot Presidential Suite’s stunning hat chandelier inspired by the 500 Hats of Bartholomew Cubbins. Room reservations can be made via mgmspringfield.com. Nightly room rates start at $219.
- Gaming. Massachusetts’ first gaming resort, MGM Springfield’s 125,000-square-foot casino floor features 2,550 slot machines, 120 gaming tables, a poker room and high-limit VIP gaming lounge.
- Food & Beverage. A downtown epicurean destination, MGM Springfield offers an array of new-to-market concepts and celebrated-chef restaurants, including Italian coastal concept Cal Mare by James Beard Award-winning Chef Michael Mina and Chef Adam Sobel; fine steaks and seafood at The Chandler Steakhouse with Hell’s Kitchen season 14 winner Meghan Gill serving as executive chef; MGM’s signature TAP Sports Bar; and South End Market, a lively modern food hall boasting six casual and convenient eateries.
- Entertainment. The 8,000-seat MassMutual Center will host world tours from top artists to town beginning with Stevie Wonder on September 1. High-energy social elements like the region’s first public Topgolf Swing Suite, luxury Regal Cinemas, and TAP Sports Bar complete with a 10-lane bowling alley and arcade, bring a fun lineup of activities for all generations to downtown Springfield. The Plaza serves as an outdoor gathering space hosting interactive events designed to foster community engagement such as Beer Yoga, a pop-up art gallery by Springfield muralist John Simpson, seasonal activations and more.
- Nightlife. The art of mixology is a definitive experience across the resort at destination venues including Lobby Bar, Knox Bar and Commonwealth. From expertly crafted classics to creative libations, each beverage menu spotlights freshly pressed juices, house-made elixirs and locally sourced ingredients. Destined to be Springfield’s newest hot spot, Commonwealth Bar and Lounge features DJs or live entertainment nightly and is home to the $25,000 Indian Sidecar – made with a rare 1901 Croizet Cognac and includes an authentic Indian Motorcycle.
- Art & Culture. Drawing inspiration from the city’s legacy rich in art and culture, MGM Springfield features a curated collection from local and national artists. From large-scale sculptures to intriguing paintings, talent is displayed through dozens of commissioned and procured works throughout the resort. Mia Pearlman’s The Flying Tidings Whirled sculpture commemorates the resilience of Springfield following the devastating 2011 tornado, while contemporary artist Jeppe Hein’s bright red Bench of Expectation catches the attention of passersby in The Plaza with its winding loops and slides, inviting them for a sit or to marvel at its creativity.
- Spa & Pool. Guests and locals needing to recharge can find indulgence at MGM Springfield’s full-service spa complete with seven treatment rooms, couples’ suites and a warm design inspired by New England’s signature maritime style. A separate salon for men and women hosts an in-house barbershop – with a chair dedicated to Springfield Mayor Domenic Sarno’s dad, a longtime local barber. An 8,000-square-foot pool provides a summertime urban escape.
- Retail. MGM Springfield’s retail lineup includes Springfield-born Indian Motorcycle’s first-ever apparel boutique alongside regionally revered brands Hannoush Jewelers and Kringle Emporium, whose new flagship is located in the former French Congregational Church, originally built in 1887 and moved 600 feet to its new home.
- Meetings & Events. With approximately 34,000 square feet of versatile space, MGM Springfield’s meeting and event center features ballrooms, meeting rooms and boardrooms adjacent to a 6,200-square-foot outdoor terrace that floods pre-function areas with natural light. For indoor-outdoor space with a historical twist, guests can host events in the resort’s castle-like Armory, which was built in 1895 and restored to its current spectacular state by the MGM Resorts’ design team.
From the Basketball Hall of Fame — a shrine to the sport in its founding locale, to The Amazing World of Dr. Seuss Museum — Springfield is home to unique and unexpected cultural attractions. MGM Springfield is surrounded by landmarks such as HH Richardson Courthouse and City Hall, counting the riverfront, MassMutual Center, Symphony Hall and Union Station among its prestigious neighbors. The central downtown location allows guests to explore spontaneously or navigate a more robust travel experience aboard The Loop, a new free-to-ride transportation service linking downtown tourist spots, hotels, restaurants and cultural districts. Opening today in conjunction with the resort, The Loop connects Springfield’s most iconic sites including Union Station, State Armory, Springfield Museums, Naismith Memorial Basketball Hall of Fame and MGM Springfield.
Located just 80 miles west of Boston with immediate access to Interstate 91 and the Mass. Pike, as well as nearby Bradley International Airport in Hartford, Conn. and the Amtrak-serviced Union Station, MGM Springfield is well connected and will be easily accessible to local and global travelers.
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 opened MGM Cotai in Macau in February 2018. It is also developing MGM Springfield in Massachusetts and debuting the first international Bellagio branded hotel in Shanghai. The 78,000 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: MGM Resorts International
Source: Latest News on European Gaming Media Network
Bacta is at the forefront of initiatives to encourage responsible gambling with the leading trade association for the land-based low-stake sector joining the Betting and Gaming Council, the Lotteries Council and the Bingo Association as organisers and supporters of the 2024 edition of Safer Gambling Week (SGW) which runs 18th – 24th November.
With a core objective of encouraging people to talk and take action to gamble responsibly, the initiative which is running for its eighth year, will feature what the official SGW web site refers to as a ‘blitz’ of safer gambling messages online and in land-based venues in order to spark a nationwide conversation about responsible gambling and the safeguards that have been put in place by the regulated industry.
George McGregor Bacta’s Executive Director (Government Relations) believes the initiative continues to make a significant contribution to the industry’s endeavours to reduce further the incidence of problem gambling. He stated: “The first point to make is that Safer Gambling Week draws attention to what Bacta members are practicing every week and every day of the year. This commitment and culture is something that every Bacta member should be extremely proud of.
“The consumer-facing Safer Gambling website poses a series of questions to consider and outlines how to use safer gambling tools such as setting time and deposit limits and how to self-exclude from gambling.”
He added: “As an awareness raising initiative Safer Gambling Week has demonstrated its value. Safer Gambling Week 2023 smashed previous social media records, generating over 50 million impressions across Twitter, Facebook and Instagram.
“The website received half a million visits and the campaign engaged with a large number of cross-party MPs and peers who gave their backing as did Premier League clubs West Ham United and Brighton and Hove Albion.
“Safer Gambling Week demonstrates that Bacta, its members and the industry at large is fully committed to delivering a safe, responsible and enjoyable gambling entertainment experience for all of its customers.”
The post Bacta pledge support for Safer Gambling Week as industry drives awareness campaign appeared first on European Gaming Industry News.
SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced its financial results for the three and nine months ended September 30, 2024.
Financial Highlights
- Revenues decreased 27.7% to $2,838,908 for the first nine months of 2024, compared to $3,925,618 for the same nine-month period in 2023. For the three months ended September 30, 2024 and 2023, revenues declined 34.7% to $881,690 compared to $1,349,331, respectively.
- Total operating expenses declined 25.9% to $4,426,835 from $5,977,327 for the nine months ended September 30, 2024 and 2023, respectively; and total operating expenses dropped 46.0% to $970,080 from $1,795,057 for the three months ended September 30, 2024 and 2023, respectively.
- For the nine months ended September 30, 2024, net income climbed to $11,002,266 after factoring net income from discontinued operations of $14,567,733 – up 673.3% from a net loss of $9,114,443 inclusive of the net loss from discontinued operations of $2,523,754 posted for the comparable nine months in the prior year. After factoring a net loss from discontinued operations of $97,139, the net loss for the three months ended September 30, 2024 decreased 68.9% to $885,131 when compared to a net loss of $2,849,547 for the same three months ended September 30, 2023 after factoring a net loss from discontinued operations of $822,100.
- As of September 30, 2024, cash on hand was $1,850,206 and total stockholders’ equity was $2,020,143. This compared to $2,487,481 cash on hand and total stockholders’ deficit of $9,399,769 as of December 31, 2023.
Commenting on the results, SharpLink Chairman and CEO Rob Phythian said, “The notable decline in operating expenses reflects SharpLink’s continued focus on streamlining our affiliate marketing business; and the significant improvement in our bottom line results is largely a result of our $22.5 million cash sale of our SportsHub fantasy sports and sports game development businesses to RSports Interactive, Inc. earlier this year. Since that time, we have succeeded at scouring our balance sheet, eliminating virtually all of our debt, and have turned our attention to identifying, qualifying and pursuing compelling strategic growth opportunities that we believe can best be leveraged to create and enhance long-term sustainable value for our shareholders. As we progress through to the end of the year, we look forward to sharing much greater insight into our future plans for SharpLink resulting from the collective due diligence efforts of our leadership team and our highly engaged Board of Directors.”
For more detailed information about SharpLink’s Third Quarter 2024 financial results, please refer to the Company’s Quarterly Report on Form 10-Q filed yesterday with the U.S. Securities and Exchange Commission and accessible online at sec.gov or via SharpLink’s investor relations page at investors.sharplink.com/
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink is a trusted marketing partner to leading sportsbooks and online casino gaming operators worldwide. Through its iGaming affiliate marketing network, known as PAS.net, SharpLink focuses on driving qualified traffic and player acquisitions, retention and conversions to U.S. regulated and global iGaming operator partners worldwide. In fact, PAS.net won industry recognition as the European online gambling industry’s Top Affiliate Website and Top Affiliate Program for four consecutive years by both igamingbusiness.com and igamingaffiliate.com. SharpLink also owns and operates a portfolio of direct-to-player, state-specific, affiliate marketing websites designed to attract, acquire and drive local sports betting and online casino gaming traffic to its valued partners which are licensed to operate in each respective state. For more information, please visit sharplink.com.
Forward-Looking Statements
This release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business through strategic growth opportunities, the potential benefits of the Company’s products, services and technologies and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, government regulation of online betting, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. The Company does not undertake any responsibility to update the forward-looking statements in this release.
CONTACT INFORMATION:
INVESTOR AND MEDIA RELATIONS
[email protected]
The post SharpLink Gaming Announces Third Quarter 2024 Financial Results appeared first on European Gaming Industry News.
Here are this weeks latest slots releases compiled by European Gaming
Spinomenal has welcomed another title into its Wildlife Series, Majestic Bison. Set in the Wild West, Majestic Bison surrounds players in a landscape populated with wild wolves, elegant eagles, fearsome snakes and formidable goats. A stripped back soundtrack captures the essence of the Wild West, with banjos and harmonicas immersing players in the action as they hunt for gold.
PG Soft, a world-class digital mobile games company, is celebrating the magic of the Rio de Janeiro Carnival with the release of its new slot, Rio Fantasia. A young dancer named Isabella is the star of the show as players join in the rhythm and passion of one of the world’s most spectacular parties. Rio Fantasia is a 3-reel, 3-row video slot featuring Stacked Wild symbols, multipliers, and respin until win.
Hölle Games has released Jumpin’ Jacks, a new Classic title featuring a special Duplicating Wilds mechanic. This 5×3, 15 payline slot has a theme of Halloween harvest, with scarecrows, pumpkins, corn, crows and a creepy midnight sky completing the picture. The atmosphere is there to match, with a cosy yet somewhat spooky soundtrack.
Belatra Games, the specialist online slots developer, has served up Cafe Pin-Up, a slot that whisks players away to a vibrant 1950s diner, where retro glamour meets thrilling gameplay. Players take a seat inside a charming cafe, where pin-up girls are on hand to deliver delicious dishes in a raucous atmosphere created by a jukebox playing toe-tapping tunes. The game is presented in a 5×4 grid with 20 paylines with the Pin-Up Girl Wild symbol playing the key role.
New from Peter & Sons comes Muddy Waters, a game that will send your Geiger counter up to 11. This high-volatility and highly radioactive slot comes packed with symbol multipliers, power-ups and a unique fishing mechanic. Muddy Waters riffs on the popular fishing-slot genre, but since this is the weird and wonderful world of Peter & Sons, it gets flipped on its head, because this game is about reeling in radioactive fish.
Relax Gaming, the iGaming aggregator and provider of unique content, is getting players into the festive spirit with its latest release, Money Sleigh, a Christmas-themed slot guaranteed to deliver stocking-filled fun and the chance to unwrap big wins. Santa and his team of loyal helpers are ready to guide players through this exciting holiday adventure, with the potential to win up to 10,000x their stake.
The post Week 46/2024 slot games releases appeared first on European Gaming Industry News.
Bacta pledge support for Safer Gambling Week as industry drives awareness campaign
SharpLink Gaming Announces Third Quarter 2024 Financial Results
Week 46/2024 slot games releases
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