Latest News
Spray Lakes expands into the Americas
Spray Lakes Consultancy, the digital hub that provides hiring companies with access to a rich talent pool of C-Level executives and specialist gambling industry providers, has confirmed that it is expanding its geographical reach to encompass North and Latin America.
The brain child of Nick Harding, who in a 40-year industry career has led corporate transactions with a value of £500m, Spray Lakes has accelerated its expansion plans following demand and feedback from the market. Nick Harding explained: “As awareness of Spray Lakes and the services we are offering the industry spread following our launch in May, we began to get requests from sections of the business looking to expand not only in Europe but also into other international markets where operators and suppliers were struggling to a greater degree in order to get projects off the ground.
“We identified Latin America as a key region in which companies were experiencing significant problems simply because they did not have access to the right calibre of people who knew both the market and the industry. Having one but not the other can lull organisations into a false sense of security and ultimately end-up costing enormous sums of money. Not having access to the right people with the right experience or alternatively thinking that successful expansion programmes can be achieved using existing resource frequently jeopardises the entire project.”
He added: “As well as providing C-Level executives with specialist knowledge of a region, Spray Lakes has the ability to put together a team of vetted experts, who can go into a business wherever it’s based, analyse it, report to stakeholders and if necessary, pick up the reins and run that operation. The website also features a dedicated section for service providers to the industry with links to Law firms, Accountants, Compliance Providers, Security Providers, Designers – in-fact the full gamut of specialisms a business could require. Ultimately, it’s all about delivering one stop shopping for relevant expertise.”
Latest News
Caesars Entertainment Closes Sale of the LINQ Promenade
Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Latest News
The Stampede Continues with Aristocrat Interactive’s Buffalo Gold Max Power
Aristocrat Interactive, Aristocrat’s online Real Money Gaming (RMG) division, announced that the stampede continues with the launch of Buffalo Gold Max Power in the US. This marks the fifth online game in the award-winning and iconic Buffalo portfolio, following the success of Buffalo, Buffalo Gold Collection, Buffalo Chief, and Buffalo Gold Revolution.
Buffalo Gold Max Power builds on the legacy and popularity of Buffalo Gold, a fan-favorite in land-based casinos. This online adaptation is born to entertain with new features powered by Aristocrat’s proprietary Max Power mechanic, offering players up to 46,656 ways to win free spins and collect Gold Buffalos. With dynamic reels that vary from 2 to 6 symbols on every spin and a redefined feature, Buffalo Gold Max Power is ready to create a stampede of excitement.
“For more than a decade, our iconic Buffalo games have captivated players as some of the most iconic slot games in land-based casinos. With Buffalo Gold Max Power, we’re bringing this timeless favorite online with enhanced gameplay and features that players will love. The launch in New Jersey is an exciting milestone as we continue to deliver innovative and memorable gaming experiences globally,” said Josh Morris, SVP Content at Aristocrat Interactive Content & Aggregation.
Earlier this year, Buffalo was awarded the winner of the Top Performing Omni-Channel Slot at the EKG Awards. The launch of Buffalo Gold Max Power is the latest step in Aristocrat Interactive’s strategy to expand Aristocrat’s industry-leading content portfolio into the online space. The game is currently available with online operators in New Jersey, Ontario, Canada and the UK, with more markets to follow overtime.
Compliance Updates
JCM Global Receives Approval to Operate in West Virginia
JCM Global announced that it has successfully passed regulatory review and received a manufacturer’s license from the West Virginia Lottery Commission. The license enables JCM to directly sell to and service customers in the state.
“At JCM, we are committed to our customers. While attaining licensing was not required, we pursued it because it allows us to directly provide JCM’s leading technology and advanced systems, backed by our world-class service, and support, resulting in faster service times and simplifying the entire relationship between JCM and our customers,” said JCM SVP – Sales, Marketing & Operations Dave Kubajak in a statement.
JCM recently announced it has attained licenses in Colorado and New Mexico, bringing the company’s total number of active gaming licenses to 177.
In West Virginia, JCM will provide technology, including the iVIZION bill validator; ICB Intelligent Cash Box System, which boosts security and efficiencies across the gaming floor; and the GEN5 thermal printer, which delivers TITO, personalized promotions, and rewards directly to the player.
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