Indy Gaming: Slot company booths teeming with activity at G2E
Aristocrat Gaming has exclusive rights to use the logos of 32 NFL teams on slot machines in casinos worldwide. The company has a prototype of the NFL-themed slot machine under wraps. Analysts believe 2023 could be a good year for slotmachine companies. The three major providers account for 73 percent of international slot Machine Market. They are Aristocrat, Light & Wonder and International Game Technology. It's a weekly newsletter that looks at gaming matters nationally and internationally. This week's topic is events in Nevada. iReport.com.
Bally's Corp Chairman Soo Kim was at the Global Gaming Expo. He talked about omnichannel gaming and Bally’s $1.7 billion casino project in downtown Chicago. Baly's closed its $308 million acquisition of Tropicana Las Vegas in late September. The company owns and manages 15 casinos across 10 states. It was unsuccessful in taking the casino operator private earlier this year. The Chicago project is Bly's most ambitious venture. A temporary casino will open in Chicago next summer while the permanent resort is constructed over a three-year period.
Gary Fritz is the new president of MGM Resorts Interactive. Fritz oversaw the gaming business for IAC, which owns 14 percent of the company. Barry Diller and IARC are members of its board. Iac spent $1 billion to buy a 12 percent stake in MGM in August 2020. BetMGM is a 50-50 sports betting and online gaming joint venture between MGM and Entain plc. It operates sports bets in 19 states and Canada. It also has an online casino presence in four states. In September, MGM bought LeoVegas, a Swedish online game company with access to several jurisdictions.
Last week's Global Gaming Expo attracted 25,000 attendees. The 2019 conference is expected to draw 27,00 people. PlayStudios is buying rival game developer Brainium for $70 million. Mandalay Bay Convention Center is undergoing a $100 million renovation. The renovation is scheduled to be complete by the end of 2024. It will be one of the largest spaces attached to a hotel-casino. MGM Resorts International announced last week that the center will receive technological enhancements. Its pre-function spaces, meeting rooms and ballrooms will also be remodeled.