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Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties

George Miller

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Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties
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Luxury gaming manufacturer and electronic table game (ETG) market leader, Interblock, announced today their partnership with Penn National Gaming Inc..

The corporate partnership agreement with Penn National will include installations at over 20 properties of the company’s portfolio across the United States, and guarantees Penn National exclusivity on newly released products. Interblock’s extensive product portfolio will allow Penn National to offer Blackjack, Baccarat, Roulette and Craps in an array of formats from Standalone Automated and Video units, BarTops, Live and/or Automated Stadiums and Pulse Arenas.

Interblock’s CEO, John Connelly, said, “Penn National has long been regarded as one of the leading operators in North America and Interblock’s ability to work with an operator of this caliber is incredibly fortunate for our company.  We intend to use a combination of technology and innovation to help Penn reduce operating expenses across their properties, while increasing revenue.

“This partnership allows for Interblock to introduce several product segments designed for various casinos within the Penn portfolio.  Everything from Stadiums to standalone units will be utilized to address the demands within each region.

“We are thankful to Penn National for this opportunity and will work hard to make this partnership a success!”

Amongst the first properties to install as part of the deal are Hollywood Lawrenceburg, Ameristar East Chicago and Hollywood Toledo. Each property will install Interblock’s industry leading Diamond Stadiums, which attract existing and new players alike to the next generation of gaming.

The Diamond Stadiums are completely customizable to work with each casino’s unique floorplan and customer base. An unlimited number of play stations can be connected to a single table or generator, providing operators with an effortless way to generate revenue while simultaneously reducing operator expenses. Configured with dealer assist tables, automated generators and/or video generators the stadiums provide Multi-hand Blackjack, Baccarat, Roulette and Craps games to patrons from a single play station. Operators are able to turn a dealer assist table into an automated stadium with the touch of a button during non-peak hours allowing for non-stop revenue generation.

“We’ve long been fans of Interblock’s electronic table games products and are pleased to be able to offer them at more than 20 of our company’s leading properties,” said Dan Cherry, Vice President of Gaming Operations for Penn National Gaming.

 

About Interblock:

Interblock® is a worldwide leading developer and supplier of luxury electronic table gaming products. Its multi-player gaming devices set industry standards and provide the ultimate in luxury interactive entertainment experiences. The Interblock brand is globally recognized for diamond quality gaming solutions and technical support in more than 200 jurisdictions. Interblock’s exclusive collection of fully and semi-automated electronic gaming tables and video gaming solutions provide casinos, arcades and gambling halls with superior product performance and their guests with an unforgettable gaming experience. For more information, visit www.interblockgaming.com or call +1 (702) 260-1384.

About Penn National Gaming:

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Reflecting the recent acquisitions of Pinnacle and Margaritaville, the Company operates 41 facilities in 18 jurisdictions. In total, Penn National Gaming’s facilities feature approximately 50,000 gaming machines, 1,200 table games and 8,400 hotel rooms. The Company also offers social online gaming through its Penn Interactive Ventures division and has leading customer loyalty programs with over five million active customers.

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

Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan

Niji Narayan

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Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan
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The leaders of Oklahoma-based Cherokee, Chickasaw, Choctaw, Muscogee (Creek) and Seminole nations have approved a resolution denouncing the new Republican governor’s plan to force negotiations for a bigger slice of revenue from Oklahoma’s tribal casinos.

The Inter-Tribal Council of the five civilised tribes approved the resolution during a meeting in Tulsa.

Last week, Gov. Kevin Stitt said that the existing compacts should be reevaluated now that the gambling industry has matured in Oklahoma.

Tribal leaders and the governor disagree over what triggers a 15-year renewal of the compacts.

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Compliance Updates

Sports Betting Becomes Legal in New Hampshire

Niji Narayan

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Sports Betting Becomes Legal in New Hampshire
Photo Source: reviewjournal.com
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New Hampshire has become the latest U.S. state to legalise sports gambling. Gov. Chris Sununu signed into law a measure that legalises betting on professional sports and most Division I college sports, excluding games involving New Hampshire schools. The state Lottery Commission will regulate the new industry.

“We can do it with a lot of confidence because it’s being done responsibly, and it’s being done with an organization here at the lottery that just knows what they’re doing. They know how to get this stuff off the ground,” Sununu said.

Opponents had argued sports betting would continue the state’s reliance on problematic revenue sources, including alcohol and cigarettes, the so-called “sin taxes.” But supporters argued legalising of sports betting will bring black-market activity to the surface and provide support for problem gamblers through a new organisation focused on education, prevention and treatment.

“I’m happy we’re bringing an illicit activity into the light for our citizens of New Hampshire and allowing for some consumer protections,” Rep. Timothy Lang said. He called it a win for residents, communities, the state and public education.

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Gambling in the USA

Twin River Worldwide Signs Agreement to Acquire Two Casinos from Eldorado Resorts

Niji Narayan

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Twin River Worldwide Signs Agreement to Acquire Two Casinos from Eldorado Resorts
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Twin River Worldwide Holdings has entered into a definitive agreement to acquire the Isle of Capri Casino in Kansas City and Lady Luck Casino in Vicksburg from Eldorado Resorts in a cash transaction for $230 million.

The purchase price represents an implied trailing twelve month proforma earnings before interest, taxes, depreciation and amortisation multiple of approximately 8.4× for the properties on a combined basis.

“This transaction continues our focus on creating long-term shareholder value as we strive to develop or acquire assets which we believe will prove accretive to our earnings,” George Papanier, President and CEO of TRWH said.

“Isle Kansas City and Lady Luck Vicksburg expand our geographic footprint with assets in attractive markets. We believe these assets are a great fit for our portfolio and see the opportunity to increase the net cash flow from these properties by our redevelopment and operating plans. In particular, in Kansas City, where the property lies within an area near downtown that has been targeted by local officials for development, we feel there is opportunity for capital investment in the property which we believe will have a transformative impact and integrate well with local development efforts in the area,” George Papanier added.

The transaction is subject to receipt of required regulatory approvals and is expected to close in early 2020.

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