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Wynn Resorts reconstitutes Board of Directors again

Niji Ng

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Photo credits: www.wynnresorts.com
Reading Time: 3 minutes

Wynn Resorts Limited has announced further changes to its Board of Directors.  Director John J. Hagenbuch will not stand for re-election to the Board of Directors at the Annual Meeting of Shareholders on May 16, 2018. Director Robert J. Miller has also resigned from the Board. These departures, along with the previously announced departures of directors Steve Wynn, Ray Irani and Ted Virtue, and the upcoming departure of director Alvin Shoemaker in 2019, mean that 60 per cent of the Board that was serving at the beginning of the year will not be part of the new board. In April 2018, the Board elected three new female directors, resulting in a current representation of female Board members of almost 50 per cent.

“We respect Jay’s decision to withdraw his candidacy for re-election to the Board, and we are immensely grateful for his many contributions to the Company over the course of his 5½ years of service,” said D. Boone Wayson, Non-Executive Chairman of Wynn’s Board of Directors. “Jay has helped drive change and long-term value creation at Wynn, and his decision to remove himself from the Company’s ballot to end the distraction of the withhold campaign is a reflection of his loyalty to Wynn Resorts and his commitment to the success of this Company.”

Pat Mulroy, Chair of the Board’s Special Committee and member of the Nominating and Corporate Governance Committee, said, “I commend Jay and Bob for their strong stewardship on the Board and for always putting the best interests of the Company and its shareholders first. Jay was a superb Chairman of the Audit Committee and an invaluable member of the Special Committee – his wisdom, thoughtfulness and commitment to an objective process will be sorely missed. Bob, as the longest serving director of this Company, added incredible value to our process and work. I am grateful to have had the honour of working with them.”

Hagenbuch said, “Over the past three months, the Board has done a remarkable job maintaining stability at Wynn and managing through a tumultuous time that could easily have caused much deeper disruption to the Company’s business. There is still more work to be done, and I do not want my candidacy to detract from the important progress we have made throughout the organisation, including the ongoing refreshment process this Board has initiated. Wynn Resorts is a strong company, poised for long-term growth and superior shareholder value creation, and I am proud to have served on its Board.”

Wayson continued, “Bob Miller has been a strong member of this Board for over a decade, and his contributions have been invaluable. He has served as the Chair of both our Nominating and Compliance Committees and as Lead Director, dedicating enormous time and energy to advance the interests of shareholders throughout his tenure. His resignation at this time further underscores his full support of the process we have initiated to continue to move Wynn forward and we are indebted to him for his service.”

Miller said, “The time has come to leave the past behind and allow Wynn Resorts to embrace a wonderful future. I am thrilled with the recent additions of Betsy Atkins, Dee Dee Myers and Wendy Webb to the Board, and I believe a new standard of excellence in corporate leadership has been established. My departure will afford the Board the opportunity to continue to bring on new, independent voices and fresh perspectives. I have been proud to be part of one of the world’s finest resort companies and have the utmost confidence in our Board and management team’s ability to successfully remake Wynn for the future.”

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Gambling in the USA

Castles Technology ties up with SUZOHAPP to develop cashless payment solutions

Niji Ng

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Castles Technology ties up with SUZOHAPP to develop cashless payment solutions
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Castles Technology International Corp., a US-based developer of payment hardware solutions, has signed a deal with SUZOHAPP, a Dutch manufacturer of cash management solutions. The companies will engage in the co-development and delivery of next-generation cashless terminals within unique sales channels, as per the multi-year partnership agreement. The deal enables SUZOHAPP to white label and resell Castles’ family of cashless payment hardware solutions, bundled with their services. It is expected to result in each company’s unique business partners obtain cashless payment hardware solutions that are backed with highest levels of PCI and EMV compliance, lower their overhead costs, capture new revenue streams, and empower their end users with independence and flexibility.

“Castles is quickly emerging as a formidable force in cashless technologies,” said Dr. Rory Herriman, CTO Software and Digital Systems for SUZOHAPP. “We saw this partnership as an opportunity to co-develop next generation cashless solutions with an innovative company and are thrilled to help further expand their market presence in the unattended and component space as forward-thinking collaborators.”

The unceasing advancements in payment technology such as continued EMV migration, closed-loop/loyalty and mobile, and smart device integrations, have rapidly transformed how customers interact and complete purchases from global brands. But fraudsters and cybercriminals are constantly seeking ways to disrupt these kinds of advances by exploiting vulnerabilities and security at the point-of-sale.

“With over 85 years of combined experience, SUZOHAPP and Castles have made countless investments in the areas of research, product development and market surveillance of the potential dangers and liabilities that are weakening the payments industry,” said Winston Fong, CEO of North America (Castles Technology International Corp).

 

About Castles Technology International Corp.

With 25 years of marketplace experience, Castles Technology has established itself as a top global manufacturer of next-generation card acceptance hardware. Our goal is to create simple, smart and secure payment solutions that provide mobility and flexibility for a diverse range of SMBs in attended and unattended payment environments such as retail, vending, micro markets, restaurants, transportation, finance, lodging and hospitality. At Castles, we are out to prove that we are a reliable partner who can help businesses maximize their profits with our future-proof point-of-sale devices and best-in-class support offerings. We pride ourselves on crafting payment solutions that are ergonomic, remove burdensome costs and integrates with any SMB’s existing POS operation. US headquarters are in Atlanta, Ga. Global headquarters are in Taipei, Taiwan. Castles has 11 regional offices across Asia, Europe, North and South America.

About SUZOHAPP

SUZOHAPP is a technology company providing software and hardware for cash handling automation and self-service solutions to more than 25,000 customers throughout the world. SUZOHAPP’s technology enables automation for customers operating in a variety of end markets, including retail, transportation, gaming, banking, vending and amusement. SUZOHAPP’s solutions include cash deposit, recycling, processing and payment systems as well as a broad range of self-service component technologies. The brands of SCAN COIN, Comestero, CashComplete™ and Coinco are united under the SUZOHAPP Company. SUZOHAPP’s more than 1,100 employees operate in 19 countries and its dealer network covers more than 100 countries. More information is available at http://www.suzohapp.com. SUZOHAPP is owned by affiliates of ACON Investments, L.L.C., a Washington, D.C.- based international private equity investment firm that has responsibility for managing approximately $5.5 billion of capital. For more information, visit http://www.aconinvestments.com.

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Gambling in the USA

IGT launches Wheel of Fortune 4D version in Las Vegas

Niji Ng

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IGT launches Wheel of Fortune 4D version in Las Vegas
Photo Source: casinopedia.org
Reading Time: 1 minute

 

Leading gaming technology company (IGT) has launched the 4D version of Wheel of Fortune. The new avatar is player-friendly and offers diverse casino floor with penny slots, classic coin machines, and the industry’s newest games. It will also have a number of casino updates and promotions, including the debut of downtown Las Vegas’ first Wheel of Fortune 4D game that pairs gesture recognition and mid-air haptic technologies. In short, it will provide a unique gaming experience to the players.

With the introduction of gesture recognition technology, players can interact with and manipulate the game’s 3D objects, without having to wear 3D glasses, and the mid-air haptic technology allows players to experience tactile feedback from the game’s graphics.

The Wheel of Fortune 4D game is a Wide Area Progressive (WAP) jackpot–eligible game that is housed on IGT’s towering CrystalCurve TRUE 4D cabinet. The game incorporates iconic game-play elements such as the millionaire-making “Wheel Bonus” with its signature “WHEEL-OF-FORTUNE!” chant, and the likeness of famed Wheel of Fortune TV personality Vanna White. Wheel of Fortune 4D introduces a bank-wide bonus event across the 50-inch, curved, ultra-HD upper displays of up to six banked cabinets to create one unified graphic of the Wheel of Fortune wheel. The player whose winning wager initiated the bonus can then spin the wheel and all Wheel of Fortune 4D players sitting at the bank will enjoy a shared experience.

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Gambling in the USA

GiG granted affiliate vendor registration in New Jersey

George Miller

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GiG granted affiliate vendor registration in New Jersey
Reading Time: 1 minute

 

Gaming Innovation Group Inc.(GiG) has been granted an affiliate vendor registration in the state of New Jersey, US, enabling the company to send traffic to regulated casinos and Sportsbooks in the state. The current vendor registration allows GiG to refer website traffic to operators on a Cost Per Acquisition (CPA) basis, starting from Q1 2019.

GiG’s media services arm has, over the past 12 months, been building up portfolio assets to target the US and this is the first step towards monetising those websites and marketing channels. GiG will apply for registrations in other states as they open up for the opportunity.

GiG’s chief operations officer Richard Brown says: “New Jersey is an attractive market for affiliation. We are excited to receive our vendor registration, enabling us to start referring traffic to the operators in this jurisdiction. It is an exciting opportunity for us, however we expect the state-by-state legalisation of sports betting to materialise at a slow rate . There is strong competition in the market, but we are confident we can replicate, in the US, the success we have achieved in the highly competitive European markets.”  

 

About Gaming Innovation Group:

Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, it is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed in the Oslo Stock Exchange under the ticker symbol GiG. www.gig.com

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