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Gambling in the USA

Galaxy Gaming Reports Bleak Q2 Results

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Galaxy Gaming, a Nevada-based casino games manufacturer, has reported decreased revenues in the financial report for the second fiscal quarter ended June 30, 2020.

Revenue slipped by 88 per cent to $664,000 and adjusted EBITDA dropped by 159 per cent to $1.42m as the casinos remain mostly shut owing to Covid-19 restrictions. The overall income was $1.1m  and the net loss is $2.2m.

“The second quarter of 2020 was painful for everyone in the global casino industry,” said Todd Cravens, Galaxy’s president and CEO. “We earned virtually no revenue from our land-based clients, almost all of whom were shut for the entire quarter.

“We used the time to develop new games and technologies that we hope to introduce later this year. Our online gaming business continued to perform well and we expect to close our acquisition of Progressive Games Partners later in August, which will allow us to work more closely with our igaming clients.”

“Our liquidity remained stable in Q2 as we drew down on our revolver and accessed funds through the PPP programme,” stated Harry Hagerty, Galaxy’s CFO.

“We have been current in payments of interest and principal on our debt obligations even as our revenues were significantly diminished.  However, going forward, we expect that the second-quarter results will negatively affect our ability to meet one or more of the financial covenants in our bank debt and we are pleased that Nevada State Bank has agreed to forbear enforcing certain of the covenants through the first quarter of 2021.”

Gambling in the USA

Harrah’s Gulf Coast Pays Out Unforgettable $538,530 Jackpot Win

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Harrah’s Gulf Coast casino recently played host to a huge jackpot win when Alan S. struck gold on a progressive table game, pocketing an eye-watering $538,535 in winnings.

The excitement and disbelief of the win were palpable, with onlookers cheering and high-fiving an elated Alan, who was in shock at his unexpected fortune.

When it comes to progressive jackpots, Harrah’s Gulf Coast is in a league of its own and is the proud hub of the largest progressive jackpots in Mississippi. Harrah’s Gulf Coast is part of the Caesars Entertainment network, connecting it with four sister properties in Mississippi. This remarkable partnership brings players the opportunity to participate in shared progressive jackpots that grow and expand with every bet placed – leading to jaw-dropping payouts and heart-pounding wins!

This life-changing jackpot win has left Alan reeling! One thing’s for sure, his lucky day at Harrah’s Gulf Coast casino will always be a moment he’ll never forget.

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Gambling in the USA

LIGHT & WONDER UNLOCKS HUGE POTENTIAL IN MICHIGAN AS PLAYZIDO™ PLATFORM GOES LIVE

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Light & Wonder, Inc. ((NASDAQ and ASX: LNW) (together with its subsidiaries, “Light & Wonder,” “L&W” or the “Company”) has taken its dynamic content creation platform Playzido live in Michigan, opening the door for players across the state to enjoy an exciting new offering.

The Michigan Gaming Control Board (MGCB) recently awarded a B2B supplier license to Playzido, the innovative gaming platform acquired by Light & Wonder last year. This will allow operator partners in the Great Lake State to benefit from a new stream of content developed through its proprietary Remote Gaming Server (RGS) platform and access to many new studios never before live in the US.

Playzido’s flexible technology is purpose-built for creative independent studios and supports every game type including multiplayer games and jackpots.

The first games set to go live with operators in Michigan through the new Playzido license, the platform’s first in the United States, include CHARLIE’S ANGELS™, DIAMOND MULTIPLIER RESPIN™ and BLAZING 777 2x3x5x™.

This new license represents the next phase of Light & Wonder’s iGaming content strategy across the U.S., as the Company continues to further strengthen its content delivery capabilities across North America.

Dana Jackel, Head of US Commercial at Light & Wonder iGaming, said: “This new license for Playzido in Michigan is a significant moment for us in terms of creation and delivering content that truly appeals to players in the state.

“Playzido’s platform is rightly regarded as one of the industry’s strongest and has already enjoyed enormous success in Europe. Everyone at Light & Wonder is ecstatic to harness the Playzido technology to bring next-level studios and games to our operator partners and players in Michigan to enjoy.”

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Gambling in the USA

Gamesforum North America 2023 – Uniting Mobile Games Visionaries in the Heart of Seattle

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The highly anticipated Gamesforum North America 2023 is set to take centre stage at the Bell Harbour International Conference Center in the vibrant city of Seattle next month, where industry leaders, and innovators in the realms of UA, Ad Monetisation, ASO and Product will come together for one of the most important events on the games industry calendar. With a mission to foster innovation and knowledge in the mobile games industry, Gamesforum North America promises to be an insightful experience packed with quality, relevant content for all participants.

At the core of Gamesforum North America – and the wider Gamesforum series of events – is its content. Curated and delivered by industry experts who understand the mobile games industry intimately, the event will be home to representatives from some of the biggest powerhouses in the ecosystem, including, but certainly not limited to:

 

  • EA

  • Activision

  • Zynga

  • Jam City

  • TableTop Down

  • Super Evil Megacorp

 

Gamesforum North America is set to be the company’s biggest event to date, following the success of Gamesforum Hamburg in June 2023. Attendees will be able to enjoy content from a selection of tracks, including:

 

  • User acquisition

  • Ad monetisation

  • App Store optimisation

  • Product

 

Recognising the power and potential of the thriving mobile games market, Gamesforum is renowned for its quality-first approach to event content. With unparalleled networking opportunities and the widely-regarded “Unfiltered” panels, which provides a gloves-off platform for panellists to discuss industry trends, Gamesforum North America is set to be the go-to event for mobile games professionals across the continent.

John Speakman, CEO at Gamesforum said: “Gamesforum is a pivotal hub for the mobile games industry, serving as a crucible of ideas, innovation, and connections, we can’t wait to get the ball rolling on our biggest event to date..

In an era where gaming has emerged as a cultural and economic force, Gamesforum plays a vital role in shaping the industry’s future. I’m deeply committed to our mission of bringing together visionaries, pioneers and experts from across North America and the world. At Gamesforum North America, attendees can expect an immersive journey through the heart of gaming, featuring world-class speakers, unparalleled networking opportunities, hands-on experiences with cutting-edge technology, and thought-provoking workshops that equip them with the tools to thrive in this dynamic ecosystem.

Our incredible sponsors are what make this possible, so I would love to thank them for taking part in this. See you all in Seattle!”

Sponsors for Gamesforum North America include:

 

GOLD TIER

  • RevU

 

OFFICIAL DIRECT DISTRIBUTION AND MONETIZATION PARTNER

  • Digital Turbine

 

NETWORKING LUNCH SPONSORS

  • Mobilefuse

 

SILVER TIER

  • Audiomob

  • Moloco

  • Clevertap

  • Nativex

 

BRONZE TIER

  • Appier

  • hyprMX

  • Assetario

 

BADGE SPONSORS

  • Inmobi

 

MEDIA PARTNERS

  • Deconstructors of Fun

  • PGC

  • Mobidictum

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GamingAmericas.com (part of HIPTHER AGENCY) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

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