Latest News
Cordish Companies’ Live! Casino & Hotel Philadelphia Donates $750,000
The Cordish Companies celebrated the second anniversary of Live! Casino & Hotel Philadelphia with the announcement of a donation of $750,000 to Rebuild Philadelphia toward the major renovation of Murphy Recreation Center, located in South Philadelphia. The contribution will allow Rebuild to finish the $4.5 million project scheduled to be completed in the fall.
The Cordish Companies’ Principal Jon Cordish, Cordish Gaming Group COO Joe Billhimer, and Live! Philadelphia General Manager Craig Clark were joined by Philadelphia Mayor Jim Kenney, Philadelphia City Council members Kenyatta Johnson and Mark Squilla; Kira Strong, Executive Director of Rebuild; and Kathryn Ott Lovell, Commissioner of Philadelphia Parks & Recreation, at a ceremony to announce details of the transformative investment towards a project that will benefit the families and young people of Philadelphia for generations to come.
Proposed site improvements at Murphy Recreation Center include a brand-new turf field for football, baseball, softball, and soccer, along with brand-new basketball courts. New sidewalks, fencing, and landscaping round out the planned renovations.
“Live! Philadelphia is proud to partner with Rebuild Philadelphia to help bring such a worthwhile project to fruition. Murphy Recreation Center has served as a hub for community gathering for decades in South Philly. As a family-owned business, we can appreciate how important it is for families to have a safe place to come together. They deserve the best and we look forward to going on this transformational journey with them,” Joe Billhimer, Chief Operating & Development Officer at Cordish Gaming Group, said.
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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