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Ocean Resort Casino Changes Name to Ocean Casino Resort

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Atlantic City based Ocean Resort Casino has reversed and changed its name to Ocean Casino Resort.

The change was made to play up the gambling aspect of the resort that was formerly known as Revel. The property unveiled a new logo to go along with the name change.

The new name is intended to emphasize that the property plans to put the casino customer first. The casino is in the process of changing ownership after quickly running into financial difficulty last fall, just months after reopening.


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: Ocean Resort Casino Changes Name to Ocean Casino Resort

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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The Cordish Companies Announces Key Executive Appointments In Gaming Division Expansion

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Travis Lamb Elevated to Chief Financial Officer of Cordish Gaming Group; Anthony Faranca Named Executive Vice President & General Manager of Live! Casino & Hotel in Hanover, Maryland

 

The Cordish Companies announced key appointments to its corporate executive team in the Gaming & Lodging division, as the company moves to expand the Live! brand in the Mid-Atlantic region with the development of two new gaming properties in Pennsylvania.

TRAVIS LAMB, who most recently served as Executive Vice President & General Manager of Live! Casino & Hotel, in Hanover, MD, has been elevated to the new position of Chief Financial Officer for Cordish Gaming Group, the company’s international gaming division.

Succeeding Lamb will be ANTHONY FARANCA who joins the company as Executive Vice President & General Manager of Live! Casino & Hotel. Both appointments are effective immediately.

The announcements come as The Cordish Companies prepares for significant growth with the addition of two new gaming properties, including Live! Casino & Hotel in Philadelphia, PA, and Live! Casino in Westmoreland County, PA, just outside of Pittsburgh. Additionally, Live! Casino & Hotel in Maryland is putting the finishing touches on a significant expansion of its Event Center to accommodate up to 4,000 seats upon completion.

“We are incredibly fortunate as a company to have a leader as skilled and knowledgeable as Travis and we’re pleased to elevate him to a position where he can have even greater impact on the growth of our gaming ventures in both Maryland and Pennsylvania,” said David Cordish, Chairman, The Cordish Companies. “We are also thrilled to have a gaming executive as experienced as Anthony on board and know he will be a fantastic addition to our flagship property in Maryland.”

TRAVIS LAMB is a senior level executive with more than 25 years of experience in the casino gaming industry, primarily serving in strategic planning and analysis and financial leadership positions. In his new capacity as CFO of Cordish Gaming Group, Mr. Lamb will oversee the planning, implementation and management of all the financial activities of the company’s gaming projects, including the newest ventures in Philadelphia and Pittsburgh.

Mr. Lamb joined The Cordish Companies as Chief Financial Officer of Live! Casino & Hotel and was later promoted to General Manager, where he oversaw the addition of the flagship Live! Hotel and the expansion of the Live! Event Center. Prior, Mr. Lamb served as Vice President of Finance at Harrah’s Philadelphia Casino & Racetrack, where his duties included managing financial accounting, income audits, planning & analysis, risk management and regulatory compliance, while overseeing a financial team of 100 employees. He also spent six years as Harrah’s Eastern Division Vice President of Financial Planning & Analysis, working with ten properties from Iowa to Atlantic City, including Canada and the Bahamas. Mr. Lamb also has ten years of experience serving in finance leadership positions with Harrah’s East Chicago Riverboat Casino Hotel and Showboat Atlantic City Casino Hotel.

ANTHONY FARANCA brings more than 25 years of diverse management experience from multiple gaming jurisdictions to his new role as Executive Vice President and General Manager of Live! Casino & Hotel in Maryland, where he will assume oversight of the day-to-day management and operations of one of the largest commercial casinos in the country.

Mr. Faranca most recently served as Vice President and General Manager for Station Casinos in Las Vegas, Nevada, before joining the Live! Team. Prior, he held the position of Vice President and General Manager for Parx Casino in Pennsylvania, where he helped affirm the property’s status as the number one revenue-producing facility in the state. In addition, Mr. Faranca spent several years in Atlantic City, New Jersey, where he served as Vice President of National Casino Marketing for Caesars Entertainment. Throughout his career, Mr. Faranca has helped organizations drive growth through effective marketing, enhanced guest service and team member engagement.

“During this exciting time, it is our primary focus to place attention on the projects at hand, while continuing to deliver the same level of excellent customer service that our guests have come to expect at Live! Casino & Hotel,” said Rob Norton, President of Cordish Gaming Group. “These appointments not only strengthen our corporate gaming division, but also position us to enhance the results of our existing operations, while pursuing development in other gaming jurisdictions.”

 

Source: The Cordish Companies


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: The Cordish Companies Announces Key Executive Appointments In Gaming Division Expansion

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Gambling.com Group Releases 2019 Q1 Interim Report

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Q1 Interim Report | 3 months ended 31 March 2019

JAN – MARCH 2019 COMPARED TO JAN – MARCH 2018

  • Revenues totalled EUR 5.24 (3.46) million, an increase of 52%. The organic growth rate was 50% (98% of total growth).
  • Adjusted EBITDA excluding non-recurring costs totalled EUR 1.75 (1.32) million, an increase of 33%, corresponding to an adjusted EBITDA margin of 33 (38) %
  • EBITDA totalled EUR 1.75 (0.99) million, an increase of 76%, corresponding to an EBITDA margin of 33 (29) %
  • Net cash generated from operating activities was EUR 1.05 (0.93) million
  • New Depositing Customers (NDCs) totalled 26,525 (15,984), an increase of 66%

SIGNIFICANT EVENTS DURING THE FIRST QUARTER 2019

  • Approval to Expand Business in New Jersey | The Group has been granted approval by the New Jersey Division of Gaming Enforcement to expand business deals with operators to include revenue sharing components.
  • American Gambling Awards by Gambling.com | The Group announced a new annual awards program aiming to recognise excellence in the American market for regulated online gambling. The results of the program will be announced in the second quarter.
  • Sale of Treasury Bonds | The Group has sold treasury bonds with a nominal value of EUR 0.1 million thus increasing net borrowing from the senior bonds issued at 22 October 2018 to EUR 15.6 million at the quarter end.
  • EUR 7,100,000 Convertible Notes Issue 2017/2019 | The Group redeemed early, part of the Notes with a principal value of EUR 0.1 million. The remaining balance matures on 30th June 2019.
  • Department of Justice Wire Act Re-Interpretation | The United States Department of Justice released an opinion which re-interpreted the Department’s own opinion on the Wire Act from 2011. The ramifications of the new opinion are not yet clear but could create headwinds for the roll-out of regulated online gambling in the United States.
  • Regulation of Swedish Online Gambling Market | As of January 1, 2019 the Swedish market is locally regulated and taxed. We have seen our Swedish assets perform well in terms of NDC production but with a commensurate decrease in player value.

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

  • New US States Legislation | Indiana, Iowa, Montana, and Tennessee took measures to authorize sports betting.
  • Gambling.com Joins the Fantasy Sports & Gaming Association (“FSGA”) Board of Directors | In April 2019 the Group represented by Gavin Walters, the Group’s director of business development, was appointed to the FSGA Board of Directors.
  • Membership of the Associated Press Sports Editors (“APSE”) | The Executive Committee of APSE has granted membership to Gambling.com Group Plc thus the Group becomes the first member of APSE focused on covering the emerging sports betting market in the United States.
  • Publication of Annual Report | The 2018 Annual Report and consolidated Financial Statements was published on April 25 and is available on the official website of the Group (www.gambling.com/corporate).
  • Increase in United Kingdom Remote Gaming Duty | The UK government has announced an increase in Remote Gaming Duty on operators from 15% to 21% with effect from April 1st, 2019.

“The Group delivered yet another record quarter. Revenue grew 52% to EUR 5.24 million compared to Q1 2018. Virtually all of the growth was organic. Q1 EBITDA was also a record at EUR 1.75 million.” – Charles Gillespie, Chief Executive

 

About Gambling.com Group:

Gambling.com Group Plc is a multi-award winning provider of digital marketing services for the global iGaming industry. Founded in 2006, the group has a workforce of more than 110 and operates from offices in Dublin, Tampa and Malta. The group publishes websites that offer comparisons and reviews of online gambling websites in 15 national markets in 9 languages. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The Group’s publishing assets include the leading iGaming industry portal, Gambling.com® as well as Bookies.com and the CasinoSource℠ series of portals, among many others.


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: Gambling.com Group Releases 2019 Q1 Interim Report

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Innobet Pens BtoBet Partnership

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Leading iGaming technology provider BtoBet has furthered its presence in Africa, with its regional Certified Partner – STM Gaming – striking a partnership with Ugandan operator Innobet. This has been the latest of a series of partnerships to be announced in Africa, with this year seeing operators in Kenya, Nigeria, Tanzania, Chad, Guinea and Namibia amongst other countries already going live making use of BtoBet’s lite yet advanced version of its iGaming platforms.

Seeking to provide an optimal user experience, Innobet will provide its players with a range of betting activities based on a global level such as football, horse racing, tennis, cricket and a variety of other popular sports. The Ugandan licensee will also be diversifying its content offering with a comprehensive list of online casino games and jackpot offerings.

STM Gaming’s CEO, Alessandro Pizzolotto, said that BtoBet’s White Label Partnership Program is constantly gaining momentum with African White Label Operators seeking to enter the local market opting for an approach based on knowledge coupled with simplified yet advanced and highly adaptable technology. Further commenting on the African scenario, Pizzolotto stated that the continent’s iGaming industry is increasingly becoming more appealing, with a number of countries moving towards embracing a regulatory framework, and significant investments ameliorating the local internet and smartphone penetration and infrastructure.

BtoBet will be present at GEFA which is set to take place in Abidjan, Ivory Coast, from the 26th until the 28th June. It has also published a Francophone Handbook, detailing important information on all the countries in the region concerning internet and smartphone penetration, financial inclusion, and how operators can augment the player experience through dedicated content featuring innovative user interfaces. Download the Industry Report and schedule a meeting with our team of local experts by sending an email on sales@btobet.com.

 

About BtoBet:
BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained at the forefront in these advanced environments, compared with the more recent gambling industry, allows BtoBet to be visionary with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail.


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: Innobet Pens BtoBet Partnership

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