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Gambling in the USA

Gaming and Leisure strikes big deal with Tropicana

Niji Narayan

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Photo credits: www.pressofatlanticcity.com
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Gaming and Leisure Properties, a Pennsylvania-based real estate investment company dealing mainly in casino properties, has reached an agreement acquire the real estate assets of six casino properties from Tropicana Entertainment, a Nevada-based casino-operating company. The deal is estimated to be worth $1.21bn (€977.3m).

The six properties covered in the agreement are Tropicana Atlantic City, Tropicana Evansville, Lumiere Place, Tropicana Laughlin, Trop Casino Greenville and The Belle of Baton Rouge.

The total properties that come under the deal are the following 350,000 casino square feet, 237 table games and 7416 slot machines.

The agreement is subject to further mandatory approvals. The deal is expected to go through by the end of this year. Once the approvals are obtained, Eldorado Resorts, a Nevada-based gaming company, would acquire the operating assets of the properties and lease real estate from the company via a new master leaser with an initial 15-year term and four five-year renewal periods.

Peter Carlino, chief executive of Gaming and Leisure, said: “The acquisition of these assets demonstrates the company’s continued commitment to pursuing accretive growth opportunities.”

“This transaction meaningfully grows our annual rent and diversifies our tenant base, while increasing our geographic footprint.”

“Eldorado is a highly respected operator of a large and diversified portfolio of regional gaming assets with a strong track record of successful acquisitions.”

Gambling in the USA

PlaySugarHouse.com Brings Joy To A Pennsylvania Man Who Hit The Divine Fortune Mega Jackpot At Home For More Than $159,000

George Miller

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PlaySugarHouse.com Brings Joy To A Pennsylvania Man Who Hit The Divine Fortune Mega Jackpot At Home For More Than $159,000
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PlaySugarHouse.com is once again bringing a little positivity during these difficult times to a West Chester, PA man who hit the Divine Fortune jackpot on Sunday night. Anthony, who asked that we not share his last name, hit the jackpot for a total winning of $159,052.43. This is the third time the Divine Fortune jackpot was hit at PlaySugarHouse.com since the closure of all land-based casinos in the states of New Jersey and Pennsylvania. The first time was in New Jersey on March 15th and the second time was in Pennsylvania on March 20th, both for over $278,000.

Anthony was at home with his family when he won. “I still feel like I’m in a dream,” the 55-year-old commercial painter said. “I was definitely not expecting it, and I had to ask myself if I really hit the jackpot.”

While he doesn’t have any set plans for his winnings, Anthony expressed that he would like to put aside some money for retirement.

“It’s exciting to be able to provide a chance for our players to win life changing jackpots on an outlet that doesn’t require them to leave home,” said Mattias Stetz, C.O.O. of Rush Street Interactive, which operates PlaySugarHouse.com and BetRivers.com.  “This win made a huge positive impact during this very trying period of time.”

With all land-based casinos in New Jersey and Pennsylvania closed, PlaySugarHouse.com has seen an increase in online casino play over the past couple of weeks.

This is the fourteenth Divine Fortune jackpot at PlaySugarHouse.com in Pennsylvania since its launch last summer.

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Gambling in the USA

Barona Resort & Casino Extends its Closure

Niji Narayan

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Barona Resort & Casino Extends its Closure
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The Barona Band of Mission Indians has extended the closure of Barona Resort & Casino to April 19 in response to the ongoing concerns about COVID-19. All staff members will continue to receive pay and benefits during this time.

“Barona’s Tribal leaders will continue to monitor and evaluate the situation on a daily basis as the health and safety of our staff, players and community is our top priority. We anxiously await the day we can welcome our staff and players back home to Barona. For now, we hope to be able to re-open on Monday, April 20. We thank the entire Barona family, including our 3,100 Barona staff members and all of our players for their support and patience during this difficult time,” the Barona Band of Mission Indians said.

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Gambling in the USA

GAN to Provide Internet Gambling Technology in Michigan

Niji Narayan

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GAN to Provide Internet Gambling Technology in Michigan
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GAN plc., the London-based developer of online gaming software, has provided more details on the previously confirmed closure of certain market access arrangements with the Sault Tribe of Chippewa Indians in Michigan.

In Michigan, GAN will be offering its technology Platform in partnership with certain operational services to both the Tribe’s five land-based Kewadin casino properties and an existing major U.S. casino operator client of GAN.

“Michigan has long represented an attractive market with both Internet sports and Internet casino gaming now regulated. Our technical expertise and ‘day one’ experience in multiple U.S. Internet gambling markets will enable the Sault Tribe to capture their share of the online opportunity and we thank them for their trust in forming this relationship with GAN and our major U.S. casino operator client whose identity will be confirmed in due course. We are incredibly excited to bring real money Internet gambling to Michigan, which remains at the core of our mission, strategy and purpose in the United States,” Jeff Berman, CCO of GAN, said.

“The Sault Tribe of Chippewa Indians is excited to take this important step with GAN and our mutual partner to bring both retail sports to our consumers at our five casino locations in short course, in addition to Internet gaming casino on day-one when first allowed by the State of Michigan. We chose GAN and our mutual partner based on their market-leading technology and combined substantial experience serving gaming clients both online and offline,” Allen Kerridge, CEO of Kewadin Gaming Authority, said.

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