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Gambling in the USA

Genting Group moves forward with Las Vegas project

George Miller

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RESORTS WORLD LAS VEGAS SELECTS CONSTRUCTION MANAGER AND AWARDS MORE THAN $400 MILLION IN CONTRACTS
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W.A. Richardson Builders to Manage Construction of Genting Group’s Multi-Billion Dollar Las Vegas Resort

 

Resorts World Las Vegas (RWLV)  announced the selection of W.A. Richardson Builders, LLC (WARB) as Construction Manager for the first, ground-up, integrated resort development on the Las Vegas Strip in a decade. WARB will manage all aspects of construction on the 87-acre site, previously the location of the former Boyd Gaming “Echelon” site and Stardust. Las Vegas, NV – Resorts World Las Vegas (RWLV) today announced the selection of W.A. Richardson Builders, LLC (WARB) as Construction Manager for the first, ground-up, integrated resort development on the Las Vegas Strip in a decade. WARB will manage all aspects of construction on the 87-acre site, previously the location of the former Boyd Gaming “Echelon” site and Stardust.

Additionally, RWLV announced that it has, up to Monday, awarded more than $400 million in contracts ranging from bulk orders for concrete and steel to tower crane equipment and operators.

Bill Richardson has tackled complex, multi-billion-dollar projects in Las Vegas on time and on budget. We are confident that he and his team have the know-how to ensure that Resorts World Las Vegas will be constructed to the highest standards with maximum flexibility for future growth,” said Edward Farrell, President of RWLV. “In light of the recent tragedy in Las Vegas, we are proud to be able to commence significant construction on our site as well as recommit ourselves to our local community.

WARB, headquartered in Las Vegas, has been providing RWLV with pre-construction services, including infrastructure and utility work, the completion of the main parking structure, preliminary steel and foundation work, and permitting and remediation across the site to prepare it for the commencement of construction. WARB’s contract as construction manager is being finalized over the next month.

We thank the Genting Group for the opportunity to assist them in building this next generation resort on the Las Vegas Strip,” said Bill Richardson, Principal of WARB.  “We are proud to bring our years of experience in building mega-resorts on time and on budget to Las Vegas’s newest casino operator.

Bill Richardson and partner Yvette Landau have more than 30 years of experience in constructing large scale projects in Las Vegas.  Richardson was general contractor for Mandalay Bay, Monte Carlo, The Linq and The Cromwell and has completed major renovations and expansions to Luxor, Circus Circus and numerous Caesars properties. Richardson is a certified women’s business enterprise with Landau leading efforts to ensure Resorts World maximizes its use of local, diverse labor.  Resorts World is committed to using union labor throughout construction.

Today also marks another important milestone in fully mobilizing this amazing project as over $400 million worth of contracts have now been awarded to date,” added Farrell. “Through competitive Request for Proposal processes, we have selected leaders in their respective fields to provide that critical materials and services required to quickly mobilize the project.

RWLV will offer guests, locals and visitors to Las Vegas a unique Asian flavored gaming and resort experience. From the architecture inspired by modern Shanghai and Hong Kong to authentic Asian cuisines from Bangkok to Beijing, RWLV is committed to bring the sights and sounds of modern Asia.

RWLV is expected to open in 2020. Details of the various amenities being offered at RWLV will be announced throughout construction.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Pennsylvania Sports Betting Revenue Increases in July 2019

Niji Narayan

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Photo source: thefiscaltimes.com
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GAN plc has updated the market following the publication by the Pennsylvania Gaming Control Board (PGCB) of Internet gaming and Internet sports betting financial information for July 2019 in Pennsylvania.

Internet Gaming Win was $2.9 million in July compared to $1.4 million in June, reflecting an increase of 100.7%. Total Internet Sports Wagering Handle was approximately $39.0 million for the month of July, compared to $19.3 million in June.

Internet Sports Wagering Gross Revenues for the month of July were $2.9 million, compared to $1.4 million in June.

This information will be updated and published each month, following publication by the PGCB, in order to enable the investor community to readily monitor the growth of Internet gambling in Pennsylvania, which remains a key market for GAN.

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Gambling in the USA

MGM Springfield Reports First Year a Success

Niji Narayan

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Photo source: newsroom.mgmresorts.com
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Michael Mathis, president of MGM Springfield, has reported that the first year of the casino was a success. While revenues for the first year are significantly below its own predictions, Mathis said that the casino is doing fine and he is bullish about the coming year.

“I think there were a lot of naysayers that first said we would never build this; then they said people wouldn’t come because it’s Springfield. And a year later, 6 million visitors later, we’re knocking the cover off the ball on many, many facets of it,” Mathis said.

He cited examples of success as bringing in “world class” entertainment to the downtown, hiring approximately 2500 employees, and that about 40% of its workforce is from Springfield compared to its goal of 35%. In addition, the casino has not caused the traffic congestion and crime that some of the naysayers predicted, Mathis said.

For the month of July, MGM Springfield’s gross gaming revenue was $20.4 million, a 2.23% increase over gaming revenues in June. Since its opening, it has not come close to its expectations of raising $418 million in annual gross gaming revenues during its first full year of operation.

The market has some really strong competitors that have been in operation for many years, Mathis said. MGM Springfield, in luring people to the Springfield casino, has been “really successful in getting return trips.”

“It’s just a matter of when we are going to be able to get there. It’s going to take some time in a market like this. If you look at any other facility in the market, there’s always a ramp-up,” Mathis said.

The casino is making a number of changes such as adding bars including a VIP Lounge, adding new amenities, “and we will continue to get smarter about it and chip away into that number,” Mathis added.

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Gambling in the USA

Plaza Hotel & Casino to host second annual Las Vegas Pickleball Open, Sept. 24-28

Vlad Poptamas

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LAS VEGAS – With more pickleball courts than any Las Vegas hotel/casino, the Plaza Hotel & Casino is again the official hotel and title sponsor of the Las Vegas Pickleball Open, Sept. 24-28. The annual competition saw registration more than double in its second year and expects to welcome nearly 650 players in 2019.

Due in large part to the success of last year’s tournament, hundreds of amateur and professional pickleball players from across the United States and around the world, including Japan, Mexico and Canada, will participate in next month’s event. Players also span multiple generations, from 12 to 81 years of age. Many players from last year are also returning, including top pros Simone Jardim and Kyle Yates to defend their mixed doubles title.

The Las Vegas Pickleball Open offers professional players a competitive prize package of $25,000 split between grand prize, silver and bronze medalists. The Plaza will again construct special grandstand seating for championship matches that will be streamed live on the event website.

“Pickleball continues to grow in popularity for players young and old,” said Jonathan Jossel, CEO of the Plaza Hotel & Casino. “Since we debuted the permanent pickleball courts on the rooftop pool and recreation deck in 2016, the Plaza has built a unique reputation as a premier pickleball destination. Now, we are welcoming hundreds of players from around the globe for this unparalleled tournament that offers players everything: top-notch competition as well as delicious dining options, exciting entertainment and relaxing accommodations, all in the heart of downtown Las Vegas.”

The tournament will offer men’s, women’s, and mixed amateur doubles matches as well as men’s, women’s, mixed and senior (50-plus) professional doubles matches. Matches will be played from 8 a.m. to 10 p.m. daily, with the scheduling of the championship matches to be announced. Spectators can attend any of the matches, including the semi-finals and championships, for free.

Players can register for the tournament online at www.lasvegaspickleballopen.com. Participants can also book hotel rooms at the Plaza at a special tournament rate, starting at $40 per night on the event site or at https://www.plazahotelcasino.com/entertainment/pickleball-open/.

A cross between tennis, badminton and ping pong, pickleball is the fastest growing racquet sport in the U.S., boasting more than three million players – a number that has been growing by more than 10 percent each year over the past decade.

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