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Scientific Games to Reschedule Investor Conference Call on Thursday, February 21, 2019 to 8:30 a.m. Eastern Time

George Miller

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Scientific Games to Reschedule Investor Conference Call on Thursday, February 21, 2019 to 8:30 a.m. Eastern Time
Photo Source: OJO Images / Rex Features
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Scientific Games Corporation announced it is rescheduling the release of results for its fourth quarter ended December 31, 2018 on Thursday, February 21, 2019 to before the market opens. The Company will host an investor conference call and simultaneous webcast that day at 8:30 a.m. Eastern Time to discuss these results. The call was originally scheduled for Thursday, February 21 at 4:30 p.m. Eastern Time. Analysts and investors on the conference call will have an opportunity to ask questions.

We encourage participants to pre-register for the conference call by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator.  Participants may pre-register at any time, including up to the call start time. To pre-register, click here: Scientific Games Investor Call.

Investor Conference Call

Thursday, February 21, 2019

8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time

Those without internet access or unable to pre-register may dial in by calling: 

All participants:  +1 (412) 317-5420

Conference ID: Scientific Games Corporation Investor Call

Webcast:

To access the live webcast of the call, please visit the Company’s website at www.scientificgames.com and click on the webcast link under the investor information section. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website.

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

New Jersey Governor Signs Bill which Allow Golden Nugget to Take NBA Bets

Niji Narayan

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New Jersey Governor Signs Bill which Allow Golden Nugget to Take NBA Bets
Photo Source: tripadvisor.com
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New Jersey Governor Phil Murphy has signed a bill which allows the Atlantic City’s Golden Nugget casino to accept bets on most National Basketball Association (NBA) games.

Tilman Fertitta, a billionaire from Texas, is the owner Golden Nugget casino. He also owns the NBA’s Houston Rockets team. When New Jersey lawmakers legalised sports betting last year, a provision in the law banned team owners from placing or accepting bets on any games involving their sport.

“We’re grateful, and appreciative that people eventually realized this was an overreaction. It allows us to compete,” Steve Scheinthal, general counsel for the Golden Nugget’s parent company, Houston-based Landry’s Inc., said.

The ban on all NBA bets cut badly into the Golden Nugget’s New Jersey sports betting business. A gambler wanting to place bets on football at the Golden Nugget had to go somewhere else to bet on basketball, making it much less likely he or she would visit the Golden Nugget at all for sports betting.

“It was like going into a boxing ring with one arm tied behind your back. You just can’t compete that way. It gave everyone a year’s head start on us,” Scheinthal said.

 

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Gambling in the USA

Kentucky AG Andy Beshear Reveals Plan for Casinos, Sports Betting Across State

Niji Narayan

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Kentucky AG Andy Beshear Reveals Plan for Casinos, Sports Betting Across State
Photo Source: huffpost.com
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Andy Beshear, the Democratic candidate of Kentucky gubernatorial election, has unveiled his plan to expand gaming and bring casinos, sports betting, fantasy sports and potentially online poker into the Bluegrass State.

Beshear, the state’s current Attorney General, faces Republican incumbent Gov. Matt Bevin in the November general election. Bevin has spoken out against gaming, especially as an option to increase funding for public pensions.

Beshear’s plan resembles what Illinois officials pushed through in their state earlier this year. While Illinois already had casino gaming, the new law expands the number of casino licenses available and allows sports betting across the state. Illinois plans to use the revenue stream to shore up the state’s infrastructure and fund pensions.

Kentucky is one of the 10 states in the US without a commercial or tribal casino. The border states of Kentucky such as Illinois, Indiana, and Ohio have casinos or racinos located just across the Ohio River near major population centres in Kentucky. Beshear said that the state loses out on $500 million in tax revenue annually to its neighbouring states.

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Gambling in the USA

Blackstone Group to Buy Bellagio and MGM Grand

Niji Narayan

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Blackstone Group to Buy Bellagio and MGM Grand
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Blackstone Group is going to buy the Bellagio and the MGM Grand, two of the biggest properties owned by MGM Resorts. Blackstone is in talks with MGM Resorts regarding this.

After buying, Blackstone would then lease the property back to MGM Resorts, who would continue to run the day-to-day casino operations.

By selling the property to Blackstone, MGM would free up needed capital to build a $10 billion resort in Japan. Early estimates have MGM receiving roughly $7 billion for the two casino resorts.

Blackstone has made a splash in the gaming market over the last several years. It purchased the Cosmopolitan Las Vegas in 2014 for $1.73 billion and acquired Spain-based Cirsa Gaming Corp in 2018 for $1.8 billion.

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