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Circa Resort & Casino to Debut in Downtown Las Vegas, December 2020

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During-an-unveiling-ceremony-on-January-10-Derek-Stevens-revealed-the-name-for-his-highly-anticipated-Downtown-Las-Vegas-property-Circa-Resort-Casino Circa Resort & Casino to Debut in Downtown Las Vegas, December 2020Reading Time: 4 minutes

 

Developers and brothers Derek and Greg Stevens have officially unveiled plans for Circa Resort & Casino, a brand-new integrated gaming resort in Downtown Las Vegas, slated to open in December 2020. A welcome addition to the iconic Fremont Street Experience, Circa will bring a new energy to Downtown as the first ground-up resort development in the area since 1980. The innovative property will celebrate the timeless spirit of the city while leading the charge for a bold new era with game-changing guest offerings.

“There is a lot of unmet demand for fun in Las Vegas,” said Derek Stevens. “At Circa, our goal is to create a destination resort in a historic part of the city, while showing guests the time of their lives. We plan to double down on the world-class service Las Vegas has always been known for while bringing personalized experiences to a new level.”

Over the past decade, Derek has worked alongside Greg to develop several ventures, including the D Las VegasGolden Gate Hotel & Casino and Downtown Las Vegas Events CenterThe duo’s investments have played a role in reshaping Downtown Las Vegas, attracting new waves of visitors and locals while leading the turnaround success story of “vintage Vegas.” Often found taking the time to greet and interact with visitors at his properties’ centerpiece bars, Derek’s genuine and approachable style of guest appreciation has challenged the status quo of resort ownership and earned the endearment of customers.

What’s in a name?
In the spirit of staying true to the city, Circa will deliver a new experience built on the original principles of old-school Vegas hospitality. It will mix the glamour of vintage Vegas with modern luxuries and cutting-edge technology, honoring the golden age of the city. Guests can expect top-notch entertainment while enjoying honest, attentive and friendly service.

Paying homage to the city’s vibrant history, Circa will nod to the Las Vegas legends of decades past, ranging from the visionaries behind the first gambling halls on Fremont Street to the preeminent destination resorts on the Strip. To learn more about the history of the Downtown Las Vegas neighborhood and its influence on Circa, please visit Circalasvegas.com.

Spectacular Amenities
Designed for those seeking the ultimate Las Vegas vacation, Circa will boast 777 rooms and suites, and a collection of thoughtful amenities, including a range of eclectic restaurants, the longest outdoor bar on Fremont Street Experience,rejuvenating spa and a two-level casino with state-of-the-art slot and table gaming options. Circa has collaborated with Steelman Partners to oversee architecture and design, Tré Builders as construction manager, and McCarthy Building Companies Inc. as contractor.

Circa will be home to a state-of-the art parking structure playfully dubbed “Garage Mahal,” specifically designed with ride-sharing in mind. Catering to the growing use of Uber and Lyft, and housing 1,201 parking spaces, the centrally located nine-story garage will be the first of its kind in Downtown Las Vegas, allowing guests to conveniently and efficiently travel to and from the property.

Another signature element will be a multi-level, stadium-style sportsbook, equipped with the biggest screen in sportsbook history. The Stevens brothers recently announced a partnership with sports gaming media organization Vegas Stats and Information Network (VSiN) to bring an in-house broadcast studio to Circa. This will allow bettors to have in-depth analysis from a roster of experts including broadcasters, industry professionals and athletes.

Construction is currently underway on the 1.25-million-square-foot property, which will punctuate the Las Vegas skyline as the tallest tower north of the Strip. The resort will be defined by a bold design, accented by a backlit roofline and an expansive multi-tiered pool amphitheater. Featuring several pools and a massive screen with the latest high-resolution technology, the amphitheater will offer a unique watch-party atmosphere for sunseekers and sports fans. The venue will be complemented by a delicious food and beverage menu, private cabanas and music from DJs and special guests.

Circa’s interior will welcome the return of a Las Vegas icon: Vegas Vickie, the kicking cowgirl who was once perched high above the Fremont Street Experience, will become a key design feature and must-see photo opportunity within the hotel’s lobby.

A Grand Reveal  
After months of speculation, Circa’s name, design and neon sign were revealed last night during an evening of festivities. After an appearance at the annual 2019 State of the City address, Derek invited attendees to enjoy an afterparty at Downtown Las Vegas Events Center, where he promised to unveil all-new details about the upcoming project.

Derek was joined onstage at Downtown Las Vegas Events Center by Las Vegas Mayor Carolyn Goodman during the public celebration.  Among eager onlookers were a number of notable city and state officials, property executives, community partners and members of founding Las Vegas families including Freddie Sarno, son of casino developer Jay SarnoNevada Stupak, son of casino owner Bob StupakMichael and Brendan Gaughan, son and grandson of hotel and casino magnate Jackie Gaughan; and legendary bookmaker Jimmy Vaccaro. The grand reveal took place after a thrilling introduction video, concluding with the unveiling of a huge neon sign emblazoned with the property name that will eventually be a part of Circa’s exterior. Known in Las Vegas for his eclectic collection of custom blazers, Derek did not disappoint as he donned a custom tuxedo complete with a jacket displaying Circa’s logo.

Additional details about Circa’s amenities and opening will be announced in the coming months. To learn more information about the new Downtown Las Vegas property, visit circalasvegas.com.

About Circa Resort & Casino
Circa Resort & Casino will deliver an all-new integrated resort concept to the heart of Downtown Las Vegas at the historic 18 Fremont Street site. Inspired by the city’s irresistible energy and timeless allure, Circa is building a new legacy that turns up the good times to eleven and burns bright with the original spirit of Vegas. Combining the best of Las Vegas service in a modern, state-of-the-art setting, Circa is designed for guests to live large in the now, make the most of life’s fleeting moments and create new memories through an exhilarating, multi-sensory experience. The 1.25-million-square-foot, 777-room resort, casino and spa will feature a variety of immersive culinary, entertainment and gaming experiences and unparalleled personalized offerings inspired by old-school Las Vegas hospitality. Visit circalasvegas.com or follow on Facebook, Twitter and Instagram at @circalasvegas to stay up to date with more developments.

SOURCE Circa Resort & 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: Circa Resort & Casino to Debut in Downtown Las Vegas, December 2020

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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William Hill lowers profit forecast

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William-Hill-lowers-profit-forecast-2018 William Hill lowers profit forecastReading Time: 1 minute

 

William Hill is all geared for remodelling its retail business in 2019, after it lowered its full-year 2018 adjusted operating by about 15 per cent lower compared to the previous year.

The company had reduced its profit forecast in November due to increasingly stringent regulations, particularly on lucrative fixed-odds betting terminals (FOBTs), and warned of more losses in the United States.

It said its US business had broadly broken even in the year.

European gambling companies have been looking to expand across the Atlantic in light of regulatory curbs in Britain and as US states ease curbs on betting.

William Hill said 2018 adjusted operating profit from continuing operations would be 234 million pounds, slightly higher than company-supplied analyst estimates of 232.2 million pounds.

Profit was lower in its retail business due to tough high-street conditions and the offering would be remodelled in 2019 as Chief Executive Officer Philip Bowcock looks to make the firm a “digitally-led international business,” the company said.

The company had said in November that it would look at new products to offer alternatives to FOBTs.

“With rapid expansion underway in the U.S. … and the acquisition of Mr Green nearing completion, we look forward to making further progress this year,” Bowcock said in a statement.

William Hill has earmarked about 120–130 million pounds for 2019 to fund its US expansion.

 


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: William Hill lowers profit forecast

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FTSE4Good Index admits GVC Holdings

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FTSE4Good-Index-GVC-Holdings FTSE4Good Index admits GVC HoldingsReading Time: 2 minutes

 

GVC Holdings, the multinational sports-betting and gaming group based in Isle of Man, has been admitted to the FTSE4Good Index Series following the FTSE4Good’s annual review in December 2018.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.

GVC was admitted to the index after an independent scrutiny of its practices and public documents against a series of criteria including:

  • Governance (including risk management, corporate governance and anti-corruption)
  • Social practices (including human rights, labour standards and health & safety)
  • Environmental commitments (including energy usage and waste management)

Kenneth Alexander, GVC CEO commented:

“We are proud to join FTSE4Good and be recognised as a leader in corporate social responsibility, which is at the core everything we do as a business. Acting responsibly and maintaining strong governance is not a luxury but fundamental to our long-term success and a key driver of shareholder value.”

 

About GVC:
GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 100 index and has licences in more than 20 countries, across five continents.

For more information see the Group’s website: www.gvc-plc.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: FTSE4Good Index admits GVC Holdings

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Macau’s casino companies receive rating upgrade

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Macau’s-casinos-receive-rating-upgrade Macau’s casino companies receive rating upgradeReading Time: 1 minute

 

Brokerage Sanford C Bernstein has upgraded the ratings of Macau casinos Galaxy Entertainment Group and Sands China. This was done after a re-evaluation of the companies and also considering the capacity expansion in 2020.

According to Bernstein analysts, Vitaly Umansky, Eunice Lee and Kelsey Zhu, even as GGR is expected to decrease from 14 per cent (2018) to 3 per cent this year, there is a positive future for Galaxy and Sands in 2019. They clarified: “On a longer-term fundamental view, Galaxy now looks relatively inexpensive, especially factoring in Phase 3 and 4 developments of Galaxy Macau.” 

They added: “Galaxy continues to improve its Mass operations at Galaxy Macau and StarWorld while maintaining a leadership position in VIP. While the VIP segment is most at risk of considerable slowdown over the next 6 to 12 months, over the medium term, the key value driver is operating leverage improvement and improving business mix which will enhance margins.”

Furthermore, they explained that Galaxy “stands to have outsized growth over the long run” as it completes Galaxy Macau Phases 3 and 4.

“We continue to look favorably upon Sands China’s management team, product positioning and strategy focused on Mass market, a strong balance sheet and hefty dividends,” Bernstein analysts said about Sands China and added: “Redevelopment of Sands Cotai Central and upgrades at the Parisian will help boost its high margin Premium Mass business. The long-term (beginning in 2020) growth story from hotel suite capacity expansion and the Londoner redevelopment is evident. Sands China’s valuation look attractive for a stock that consistently trades at a premium to Macau gaming stocks and is now trading well below its historical average.”


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: Macau’s casino companies receive rating upgrade

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