Gambling in the USA
THE CORDISH COMPANIES CELEBRATES FIRST ANNIVERSARY OF LIVE! CASINO & HOTEL PHILADELPHIA; CONTRIBUTES MORE THAN $325 MILLION TO LOCAL AND STATE ECONOMY
The Cordish Companies celebrated the first anniversary of Live! Casino & Hotel Philadelphia, the world-class gaming, hotel, dining and entertainment destination located in the heart of the Philadelphia Stadium District, announcing contributions of more than $325 million to the local and state economies. The festivities included an official proclamation from the City of Philadelphia declaring the anniversary date of February 11 as Live! Day.
The Cordish Companies’ Chairman David Cordish, Principals Jon and Reed Cordish, and COO Zed Smith, along with Cordish Gaming Group President Rob Norton, and Executive Vice President Joe Billhimer were joined at a special media and community celebration by Philadelphia City Representative Sheila Hess and Philadelphia City Councilmember Mark Squilla (First District), and numerous business, tourism and community leaders from the region.
The celebration also featured special appearances by former Philadelphia Eagles long snapper and magician Jon Dorenbos, and Mummers champions, the South Philadelphia String Band. A highlight of the event included a giant four-tier anniversary cake created by Philly favorite Termini Brothers Bakery.
ECONOMIC IMPACT
Live! Casino & Hotel Philadelphia, which represents an investment of more than $700 million, was pleased to announce contributions of more than $325 million to the local and state economies during its first year of operation, including:
- More than $91 million in taxes to the Commonwealth of Pennsylvania
- Team Members were compensated with $51.9 million in wages
- The opening of the facility created over 1,300 new, permanent jobs, with over 54% of Team Members residing in the City of Philadelphia.
- Local businesses have also benefited, with Live! spending over $100 million with local, minority- and women-owned businesses.
- Guests were also on the winning side with more than $81.7 million in total jackpot payouts. Live! continues to invest in facility upgrades and is constantly incorporating customer feedback to ensure the casino has the newest, most exciting games.
In recognition of the significant impact Live! has had on the City of Philadelphia and its residents, City Representative Sheila Hess presented the company with a proclamation declaring the official anniversary date of February 11 to be known as LIVE! DAY.
“We’re so proud of the positive impact that we’ve made on our local communities during our first year in business and thank the City of Philadelphia for their kind recognition,” said David Cordish, Chairman, The Cordish Companies. “We kept our promise to create a world-class destination, which has also proven to be an economic driver for the Greater Philadelphia region.”
COMMITMENT TO THE COMMUNITY
The Cordish Companies has long embraced a culture of giving and community service and their entry into the Philadelphia market was no exception. Charitable organizations across the Greater Philadelphia region received more than $454,000 in contributions through cash donations and in-kind support, with Team Members volunteering over 500 hours of community service.
Among the many beneficiaries were Philabundance, American Red Cross, American Cancer Society, Alzheimer’s Association, USO of Pennsylvania and Southern New Jersey, Boys & Girls Clubs of Philadelphia, Jaws Youth Playbook, Darren Daulton Foundation, the Delaware Valley and Southeast Youth Athletic Leagues, and more.
“As a family-owned company, we consider the community to be extended members of the Live! family. We’re proud to be able to provide jobs and support local businesses, in addition to contribute directly to the organizations helping to better the lives of those around us,” said Joe Billhimer, Executive Vice President, Cordish Gaming Group. “We look forward to continuing this support during year two, and beyond.”
During its inaugural year, the property was awarded the prestigious ‘Best Overall Gaming Resort in Pennsylvania‘ by Casino Player Magazine readers, and received top accolades by USA Today readers, naming the Live! Rewards customer loyalty program and the award-winning steakhouse The Prime Rib as one of the Top 5 in the country for Best Players Club and Best Casino Restaurant in the 10Best Readers’ Choice Awards.
The hottest new game from Aristocrat Gaming, Phoenix Link, is now live on casino floors, with Yaamava’ Resort & Casino being the first in North America to offer the highly-anticipated game. As the next evolution of the international hit game, Dragon Link, Phoenix Link features player-favorite mechanics from top games with all-new themes, features, and bonuses.
“We have been humbled by the incredible global fanfare Dragon Link has received over the years but are never ones to rest on our laurels. The teams have been working tirelessly on a follow-up that brings together all the player-favorite elements in a new and exciting way with Phoenix Link as the proud result. We were thrilled to partner with Yaamava’ to premiere Phoenix Link with flair, excitement, and celebration,” said Victor Duarte, executive vice president of product for Aristocrat Gaming.
Phoenix Link players will enjoy the game’s additional denominations, configurations, and jackpots on each of the launch game theme titles. Gameplay features include Hold & Spin, Free Games with multiplier wilds or twin spin reels, Phoenix Mystery trigger, and more new bonus twists. Phoenix Link is available on the Neptune Single cabinet.
“Yaamava’ is thrilled to host yet another world premiere in gaming with the launch of Phoenix Link by Aristocrat Gaming. Our Club Serrano members are already raving about this captivating extension of the player-favorite Dragon Link. It’s a great addition to the Yaamava’ gaming floor,” said Kenji Hall, General Manager of Yaamava’ Resort & Casino at San Manuel, said.
Gambling in the USA
NOVOMATIC shines at G2E 2024: A street smart showcase of innovation and engagement
In line with its commitment to innovation, NOVOMATIC unveiled several ground breaking product launches that left a significant impact on the gaming industry. The V.I.P. X™ cabinet series emerged as one of the main attractions, highlighting models such as the V.I.P. X Royal™ 1.85, V.I.P. X Dream™ 3.43, and the V.I.P. X Lounge™ 2.32. The crown jewel of the presentation was the V.I.P. Galaxy™ 2.65, setting a new benchmark for luxury cabinets with its perfect blend of comfort and state-of-the-art gaming technology. Featuring high-definition screens and immersive sound systems, the fully adjustable lounge design promises an unparalleled gaming experience, leaving customers eager to introduce these innovations onto their gaming floors.
The unveiling of a new LED wall as part of the DIAMOND X™ series, including the DIAMOND X™ 1.55J, showcased the U.S.-style designed Piggy Prizes title. The modern and interactive design sent a clear message: NOVOMATIC Americas has fully arrived, enhancing its reputation for premium entertainment experiences.
Groundbreaking Progressives and a Robust VGT Lineup
NOVOMATIC introduced a variety of THUNDER CASH™ GOLD Progressives featuring new titles like Charming Lady’s Boom Coins™ and Red Amazon Explosion™. The Globe Link™ Xtension Volume 1 & 2 also attracted considerable interest, marking a significant impact with several new themes. The excitement surrounding these progressive games was palpable, bolstered by innovative math models and enticing bonus structures.
The VGT product range received special emphasis, particularly with the Street-Smart-themed area dedicated to highlight the themes and flexible assortment of cabinet styles for markets in Illinois, Pennsylvania, West Virginia, Puerto Rico, and Georgia. This dynamic showcase reinforced NOVOMATIC’s commitment to providing leading solutions in performance and player appeal within the VGT sector. Featuring both NOVOLINE™ and Magic HD customer favorite themes, this area showed the new game mixes on DIAMOND X™ 2.32, BLACK EDITION II 3.27 & BLACK EDITION II 1.49J, V.I.P. X Lounge™ 2.32 and FUNMASTER 2.27. Specifically in Illinois, featuring the Magic HD game mix consisting of the Overlay Magic Play Lock & Spin feature, and the new Poker3™ multi-hand video poker mix. NOVOLINE™ games were shown on the Black Edition II 1.49J cabinet with popular games like ULTRA BOOST™ and Money Party™ themes. Georgia Skill showed three new game titles in the Magic HD mix while more new titles lined the streets of the NOVOMATIC booth.
Advancements in Sports Betting and Casino Management
In addition to its product line, NOVOMATIC showed their cutting-edge sports betting kiosks including the ActionBook™ Edge 1.43J, and ActionBook™ Plus 2.27 models. With advanced graphics and rapid processing capabilities, these kiosks offer operators unmatched flexibility and performance. The premiere of the award-winning NOVOVISION™ casino management system was another highlight, leveraging biometric technology for enhanced player recognition and streamlined operations. Already acknowledged as a ‘Best CMS/Software Product’ at the European Casino Awards, this system generated significant buzz regarding its potential to revolutionize the gaming landscape.
Industry Recognition for Creative and Commercial Success
The combination of NOVOMATIC’s innovative product launches and captivating booth design earned widespread acclaim. The company was recognized for its Street-Smart booth, praised for creativity, interactivity, and the memorable experiences it fostered. Industry experts and attendees alike hailed NOVOMATIC’s presence at G2E 2024 as one of the most impactful.
Alexander Merwald, CEO at NOVOMATIC Americas, stated, “G2E 2024 was an incredible success for NOVOMATIC. We were proud to showcase the V.I.P. X™ cabinet series – Our ‘Street Games, Street Smart’ focus resonated strongly, as we demonstrated how our tailored solutions meet the real-world needs of both casino and VGT operators. The response from customers reaffirmed NOVOMATIC’s position as a leader in delivering innovation, performance, and market-specific strategies for North America.”
Thomas Schmalzer, VP of Global Sales, and Product Management at NOVOMATIC AG, added, “The product diversity and innovation showcased at G2E 2024 have been enthusiastically received by both operators and players. Our V.I.P. X™ series and extensive range of progressives reflect our unwavering commitment to delivering premium solutions to the global market.”
With new partnerships established and product placements secured at G2E 2024, NOVOMATIC is primed to expand its market presence across North America. The success at this year’s expo signifies a vital step forward in the company’s mission to set the standard for gaming entertainment.
Gambling in the USA
Century Casinos Announces Opening Date for New Land-Based Century Casino & Hotel Caruthersville, MO
Century Casinos Inc. announced that its new land-based casino and hotel in Caruthersville, Missouri will open on November 1, 2024.
This news follows the Missouri Gaming Commission’s approval to transfer the Century Casino & Hotel Caruthersville gaming license from a temporary pavilion to the new land-based location.
The new Century Casino & Hotel Caruthersville will have 599 slot machines and nine live table games, a 50% increase in gaming positions compared with the temporary location. The number of hotel rooms will double to 74. The construction of this new land-based casino and hotel started in December 2022 and will be finalized on time and on budget with an estimated project cost of $51.9 million, which has been funded by VICI Properties Inc. (VICI). VICI will own the real estate improvements associated with the Caruthersville project, which will become part of the Company’s triple net master lease agreement with subsidiaries of VICI. Annual rent under the lease will increase by approximately $4.2 million.
The opening of the new land-based casino will be celebrated with a ribbon-cutting event at 11:30 a.m. Central Time on Friday, November 1, and a flurry of activities over the opening weekend.
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