Connect with us

Gambling in the USA

Boyd Gaming Commences Exchange Offer For 6.000% Senior Notes Due 2026

Zoltan Tundik

Published

on

From left: Joe Coe, Corporate Director of Culture and Diversity; Jen Bambao, United Way of Southern Nevada Account Representative for Boyd Gaming; Bob Morgan, UWSN President and CEO; and Paula Eylar-Lauzon, SVP of Administration, take a picture after Boyd Gaming's Corporate Office was presented with the organization's "Community Champions" Award. Source: boydgaming.com
Reading Time: 2 minutes

LAS VEGASJuly 12, 2018 – Boyd Gaming Corporation (NYSE: BYD) (the “Company”) today announced that it has commenced an exchange offer (the “Exchange Offer”) for eligible holders to exchange any and all of the Company’s outstanding 6.000% Senior Notes due 2026 (the “Unregistered Notes”) that were originally issued on June 25, 2018 in a transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), in an aggregate principal amount of $700 million.  Eligible holders of the Unregistered Notes may exchange them for an equal principal amount of the Company’s 6.000% Senior Notes due 2026, which have been registered under the Securities Act (the “Registered Notes”). The terms of the Registered Notes are substantially identical to the Unregistered Notes, except for transfer restrictions and registration rights relating to the Unregistered Notes.

The Exchange Offer will expire at 5:00 p.m.New York City time, on August 10, 2018, unless extended or terminated in accordance with its terms.  Exchanges of the Unregistered Notes for Registered Notes must be made in accordance with the terms of the Exchange Offer before the Exchange Offer expires and may be withdrawn at any time before the Exchange Offer expires.  The completion of the Exchange Offer, and participation in the Exchange Offer by eligible holders, are each subject to the terms and conditions set forth in the prospectus and transmittal materials for the Exchange Offer.

Documents describing the terms of the Exchange Offer, including the prospectus and transmittal materials for making exchanges, can be obtained from the exchange agent addressed as follows:

Wilmington Trust, National Association
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-1626
Attention: Workflow Management—5th Floor

By Facsimile Transmission:
(302) 636-4139
Attention: Workflow Management—5th Floor

This press release is for informational purposes only and shall not constitute an offer to exchange, nor a solicitation of an offer to exchange, any securities. The Exchange Offer is being made only pursuant to a prospectus for the Exchange Offer, dated July 9, 2018, and related letter of transmittal, which were filed with the United States Securities and Exchange Commission.

 

SOURCE Boyd Gaming Corporation

CONTACT: Financial Contact: Josh Hirsberg, (702) 792-7234, joshhirsberg@boydgaming.com, Media Contact: David Strow, (702) 792-7386, davidstrow@boydgaming.com

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

Continue Reading
Advertisement
Comments

Compliance Updates

Jackpocket Receives Responsible Gaming Certification by the National Council on Problem Gambling

George Miller

Published

on

Jackpocket Receives Responsible Gaming Certification by the National Council on Problem Gambling
Reading Time: 3 minutes

 

Jackpocket, a mobile-first startup helping to modernize state lotteries, received for the first time a responsible gaming certification from the National Council on Problem Gambling (NCPG) as part of its Internet Responsible Gambling Compliance Assessment Program (iCAP), the highest standard in the U.S. for online responsible gaming. The assessment was conducted by Gambling Integrity, one of the world’s leading consultancies in responsible gambling.

“We applaud Jackpocket on achieving their iCAP certification and for their ongoing commitment to consumer protection,” said NCPG Executive Director Keith Whyte. “The iCAP assessment process includes rigorous independent review and testing, to verify Jackpocket’s player protection features and policies meet our best practice standards for responsible gambling.”

The evaluation consisted of a product and website overview, interviews with management and customer service teams, and a review of the company’s responsible gaming policies, tools, advertising and promotions. Jackpocket safeguards against abusive gameplay through a variety of consumer protections—including being the first mobile lottery service to tie the ticket serial number to the player’s identity—many of which were highlighted in the evaluation:

  • Player limits: Jackpocket enforces deposit and spend limits. Players can also set their own limits, which cannot be modified for seven days. Customers who ask for high deposit or spend limits are monitored for risky behavior, and checks can be made on the affordability of their play.
  • Self-exclusion: Users can exclude themselves from play for any amount of time. During this period they’re not able to buy more credits or place orders, and autoplays are deactivated. Winnings from outstanding orders are still distributed, and players can cash out remaining account credits.
  • Player and location identification: Know Your Customer and Anti-Money Laundering compliance ensure every Jackpocket player is identified and age-verified before any play is allowed, eliminating underage registrants. Jackpocket also uses geofencing to validate the latitude and longitude coordinates of every order, ensuring each play occurs within legal sate boundaries.
  • Support: For those needing gambling support, players can contact the NCPG’s 24-hour confidential hotline via a call or text message, as well as access the organization’s website from directly within the app. They also can close their account from the same app page.

“We want our players to be entertained, but it’s our top priority to make sure the experience doesn’t turn from being fun to financially troubling. Not only do we encourage responsible gameplay, we’re going a step further by using data to track player behavior and identify problem gamblers in real time, providing even more transparency and insights into our players than the traditional system,” said Jackpocket CEO Peter Sullivan. “We’re glad our responsible gaming protections comply with iCAP’s thorough requirements for a more responsible lottery, and proud to be recognized as an official member of the NCPG.”

 

About Jackpocket

Jackpocket is the first mobile app in the U.S. that offers players a secure way to order official state lottery tickets, such as Powerball, Mega Millions and more. As a no-cost, no-integration, turnkey platform, Jackpocket helps lotteries drive incremental revenue—benefiting essential state programs such as public education, veterans assistance, natural resources and more—while attracting new customers like millennials who otherwise would not be active lottery players.

Jackpocket’s mission is to create a more convenient, fun and responsible way to play the lottery. Through the app, players can place orders for their favorite games, check lottery results, join lottery pools with other Jackpocket players, and turn on autoplay so they never miss a drawing. And by being the first company to automatically lock a player’s identity to their ticket serial number, Jackpocket makes the lottery even more secure. Jackpocket is currently available in Minnesota and New Hampshire, with upcoming plans to expand to new markets.

Continue Reading

Gambling in the USA

IGT PlayShot Sports Betting Platform Powers DraftKings at Scarlet Pearl Sportsbook

George Miller

Published

on

IGT PlayShot Sports Betting Platform Powers DraftKings at Scarlet Pearl Sportsbook
Image Source: worldcasinodirectory.com
Reading Time: 2 minutes

 

International Game Technology PLC announced that its PlayShot™ sports betting platform powers DraftKings at Scarlet Pearl Sportsbook — the newest sports betting destination on the Mississippi Gulf Coast.

Through IGT’s PlayShot technology, patrons of Scarlet Pearl Casino Resort can now place pre-match and in-play sports wagers over the counter. Pending regulatory approval, the casino will deploy additional IGT sports betting peripherals such as kiosks and mobile technology as the regional sports betting market evolves.

Scarlet Pearl Casino prioritizes offering our guests ‘A New Way’ to enjoy gaming entertainment,” said LuAnn Pappas, Scarlet Pearl Casino General Manager and CEO. “By leveraging IGT’s PlayShot sports betting technology and the expertise of the DraftKings team, we were able to quickly make our vision for a state-of-the-art sportsbook for the Mississippi Gulf Coast a reality and to offer our guests a reliable betting experience with a familiar brand.”

“We wish to congratulate Scarlet Pearl Casino for opening an exceptional sports betting venue featuring IGT PlayShot sports betting technology,” said Enrico Drago, IGT Senior Vice President PlayDigital. “The IGT platform and the expertise and appeal of the DraftKings brand combine to deliver a truly world-class sports betting solution that elevates the entertainment experience for sports fans in Mississippi.”

 

About IGT
IGT  is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Digital and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

About Scarlet Pearl Casino Resort
Scarlet Pearl Casino Resort (scarletpearlcasino.com) boasts 300 modern hotel rooms, a variety of dining options, a boutique and the Gulf Coast’s most modern gaming floor. With over 1,170 slots including 80 video poker machines, 37 table games, and now DraftKings at Scarlet Pearl Sportsbook, guests are sure to discover “The New Way” to win. Scarlet Pearl also features an event center and a championship level miniature golf course.

 

Source: IGT

Continue Reading

Gambling in the USA

Wipfli’ new tool provides business insights for tribal gaming industry

Niji Ng

Published

on

By

Wipfli’ new tool provides business insights for tribal gaming industry
Reading Time: 2 minutes

 

Wipfli has developed a new tool that can analyse financial data from more than 120 casinos across five geographic regions, and offer business insights to the tribal gaming industry.

“Using information we have gathered, tribal casino operators can ask themselves pointed, profit-impacting questions that every business should ask themselves,” said Grant Eve, national gaming partner at Wipfli. “We’ve developed this report, filled with meaningful data and analysis, to help tribal operators of all sizes understand and pursue business strategies more intelligently, including performance analysis, budgeting, expense abuse, balance sheet analysis and more.” The firm has a long history of serving dozens of tribal enterprises and have continued to generate the report based on overwhelming positive client feedback.

The firm has a long history of serving dozens of tribal enterprises and have continued to generate the report based on overwhelming positive client feedback.

Some key statistical information included in the tools report are:

  • Revenue metrics by region and size of casino
  • Urban and rural market statistics
  • Return on investment scenarios
  • Wage expenses by departments

“For this 20th anniversary edition, we responded to user feedback and have updated the look of the report by providing additional useful data and graphs—making it easier for casino business leaders to see what other casinos are doing that is working well, how do they leverage the right information and what do they need to shift overall,” Eve added. “This is about the bottom line for many of our clients, and we are excited to hear that it continues to have a direct, positive impact on their growth, efficiency and profit.”

For more information about the Indian Gaming COBD Report or any of Wipfli’s many services, visit wipfli.com and josepheve.com.

 

About Wipfli/JOSEPH EVE
At Wipfli/JOSEPH EVE (Wipfli), we’re committed to providing industry-focused assurance, accounting, tax and consulting services that make a lasting, positive impact on our clients — helping them overcome personal and business challenges and plan for future success. With over 2,000 associates and more than 50 offices, Wipfli ranks among the top 20 accounting and business consulting firms in the nation. We’re proud to give our clients the value and experience of a diverse firm that specializes in a wide range of services and industries, dedicated to enduring results, outstanding service and lifetime relationships. Wipfli’s practice serving tribal organizations and casinos includes a team of certified public accountants, certified fraud examiners, and experienced professionals who provide a wide range of services for tribal organizations and casinos in 30 states, including external and internal audit, financial management software, Title 31/AML assessments, finance process optimization, accounting assistance, fraud investigations and controller/CFO advisory services. The firm also conducts national seminars and provides information technology, PCI compliance, accounting system implementation, tax services and business advisory services.

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.