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Boyd Gaming Reports Second-Quarter 2019 Results

George Miller

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Boyd Gaming Reports Second-Quarter 2019 Results
Reading Time: 11 minutes

 

Boyd Gaming Corporation reported financial results for the second quarter ended June 30, 2019.

Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “During the second quarter, our Company made continued progress executing against our strategic growth initiatives.  Despite a few isolated challenges, we delivered revenue, Adjusted EBITDAR and operating margin growth in every segment of our business, as our operating teams identified and drove profitable revenue growth and enhanced efficiencies.  We achieved strong growth at our newly acquired properties, significantly improving upon their solid standalone performances last year. And through ongoing marketing and operational initiatives, we are successfully growing visitation and expanding our customer base across the country.  In all we are pleased with our progress, and remain confident we are well-positioned to capitalize on future growth opportunities.”

Boyd Gaming reported second-quarter revenues of $846.1 million, up 37.2% from $616.8 million in the second quarter of 2018.  The Company reported net income of $48.5 million, or $0.43 per share, for the second quarter of 2019, compared to $38.9 million, or $0.34 per share, for the year-ago period.

Total Adjusted EBITDAR(1) was $232.6 million in the second quarter of 2019, rising 42.3% from $163.4 million in the second quarter of 2018. Adjusted Earnings(1) for the second quarter of 2019 were $52.5 million, or $0.46 per share, compared to Adjusted Earnings of $44.0 million, or $0.38 per share, for the same period in 2018.

Results for the second quarter of 2019 include $228.5 million in revenues and $66.8 million in Adjusted EBITDAR from Ameristar Kansas City, Ameristar St. Charles, Belterra Resort and Belterra Park, acquired on October 15, 2018; Valley Forge Casino Resort, acquired by the Company on September 17, 2018; and Lattner Entertainment, acquired on June 1, 2018.

(1)

See footnotes at the end of the release for additional information relative to non-GAAP financial measures.

Operations Review

Las Vegas Locals 
In the Las Vegas Locals segment, second-quarter 2019 revenues were $220.9 million, up from $220.0 million in the year-ago quarter. Second-quarter 2019 Adjusted EBITDAR was $71.4 million, up from $70.2 million in the second quarter of 2018.

The Las Vegas Locals segment recorded its highest second-quarter Adjusted EBITDAR in 14 years.  Despite challenging year-over-year comparisons and lower hold at The Orleans, the segment achieved continued growth in revenues, Adjusted EBITDAR and operating margins. Adjusted EBITDAR grew at every major property in the segment during the quarter, excluding The Orleans.

Downtown Las Vegas 
In the Downtown Las Vegas segment, revenues were $64.5 million in the second quarter of 2019, up from $61.2 million in the year-ago period.  Adjusted EBITDAR was a second-quarter record of $15.9 million in the current year, an increase of 17.4% from $13.5 million in the second quarter of 2018.

All three Downtown Las Vegas properties set Adjusted EBITDAR records for the second quarter.  Segment results reflect strong gains in Hawaiian visitation and unrated play, as well as continued growth throughout the market.

Midwest & South
In the Midwest & South segment, revenues were $560.7 million, up from $335.6 million in the second quarter of 2018.  Adjusted EBITDAR was $165.1 million, growing from $98.5 million in the year-ago period. Results for the segment include contributions from the Company’s newly acquired properties.

On a same-store basis, the Midwest & South segment posted its fifth consecutive quarter of improved revenues, Adjusted EBITDAR and operating margins, with Adjusted EBITDAR gains at a majority of the Company’s same-store regional properties.  On a combined basis, the Company’s newly acquired properties delivered revenue growth and strong Adjusted EBITDAR and margin increases over their standalone results in the prior year.

Balance Sheet Statistics
As of June 30, 2019, Boyd Gaming had cash on hand of $239.4 million, and total debt of $3.95 billion.

Full-Year 2019 Guidance
For the full year 2019, Boyd Gaming reaffirms its previously provided guidance of total Adjusted EBITDAR of $885 millionto $910 million.

BOYD GAMING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

(In thousands, except per share data)

2019 (a)

2018

2019 (a)

2018

Revenues

Gaming

$

633,659

$

447,788

$

1,253,912

$

888,251

Food & beverage

112,047

87,601

223,137

173,000

Room

61,097

49,434

118,341

97,346

Other

39,329

31,970

78,030

64,314

Total revenues

846,132

616,793

1,673,420

1,222,911

Operating costs and expenses

Gaming

282,593

193,991

559,209

383,026

Food & beverage

103,477

81,619

205,628

164,309

Room

27,799

21,654

54,681

42,587

Other

24,748

21,645

48,628

42,450

Selling, general and administrative

116,701

88,041

232,112

175,624

Master lease rent expense (b)

24,431

48,393

Maintenance and utilities

39,707

28,673

77,807

56,599

Depreciation and amortization

68,051

53,923

135,304

105,199

Corporate expense

26,913

24,063

58,090

49,920

Project development, preopening and writedowns

4,915

5,801

8,946

9,241

Impairment of assets

993

993

Other operating items, net

105

132

304

1,931

Total operating costs and expenses

719,440

520,535

1,429,102

1,031,879

Operating income

126,692

96,258

244,318

191,032

Other expense (income)

Interest income

(816)

(522)

(922)

(979)

Interest expense, net of amounts capitalized

61,233

44,959

122,563

89,218

Loss on early extinguishments and modifications of debt

508

508

61

Other, net

(455)

(24)

(340)

(404)

Total other expense, net

60,470

44,413

121,809

87,896

Income before income taxes

66,222

51,845

122,509

103,136

Income tax provision

(17,738)

(13,247)

(28,574)

(23,139)

Income from continuing operations, net of tax

48,484

38,598

93,935

79,997

Income from discontinued operations, net of tax

347

347

Net income

$

48,484

$

38,945

$

93,935

$

80,344

Basic net income per common share

Continuing Operations

$

0.43

$

0.34

$

0.83

$

0.70

Discontinued Operations

Basic net income per common share

$

0.43

$

0.34

$

0.83

$

0.70

Weighted average basic shares outstanding

113,318

114,543

113,329

114,459

Diluted net income per common share

Continuing Operations

$

0.43

$

0.34

$

0.83

$

0.70

Discontinued Operations

Diluted net income per common share

$

0.43

$

0.34

$

0.83

$

0.70

Weighted average diluted shares outstanding

113,795

115,218

113,832

115,186

__________________________________________

(a)

Results for the three and six months ended June 30, 2019 include Lattner Entertainment, acquired on June 1, 2018, Valley Forge Casino Resort, acquired on September 17, 2018, and Ameristar Casino Kansas City, Ameristar Casino St. Charles, Belterra Resort and Belterra Park, acquired on October 15, 2018 (collectively, the “Acquired Businesses”). See Boyd Gaming’s Form 10-K for the period ended December 31, 2018, for further information regarding the Acquired Businesses.

(b)

Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA to Net Income

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

(In thousands)

2019 (a)

2018

2019 (a)

2018

Total Revenues by Reportable Segment

Las Vegas Locals

$

220,948

$

219,974

$

443,798

$

442,149

Downtown Las Vegas

64,466

61,202

127,492

121,670

Midwest & South

560,718

335,617

1,102,130

659,092

Total revenues

$

846,132

$

616,793

$

1,673,420

$

1,222,911

Adjusted EBITDAR by Reportable Segment

Las Vegas Locals

$

71,449

$

70,248

$

145,683

$

141,278

Downtown Las Vegas

15,902

13,543

30,927

26,761

Midwest & South

165,064

98,510

321,535

192,756

Property Adjusted EBITDAR

252,415

182,301

498,145

360,795

Corporate expense, net of share-based compensation expense (b)

(19,819)

(18,878)

(42,524)

(36,900)

Adjusted EBITDAR

232,596

163,423

455,621

323,895

Master lease rent expense (c)

(24,431)

(48,393)

Adjusted EBITDA

208,165

163,423

407,228

323,895

Other operating costs and expenses

Deferred rent

244

294

489

550

Depreciation and amortization

68,051

53,923

135,304

105,199

Share-based compensation expense

8,158

6,022

17,867

14,949

Project development, preopening and writedowns

4,915

5,801

8,946

9,241

Impairment of assets

993

993

Other operating items, net

105

132

304

1,931

Total other operating costs and expenses

81,473

67,165

162,910

132,863

Operating income

126,692

96,258

244,318

191,032

Other expense (income)

Interest income

(816)

(522)

(922)

(979)

Interest expense, net of amounts capitalized

61,233

44,959

122,563

89,218

Loss on early extinguishments and modifications of debt

508

508

61

Other, net

(455)

(24)

(340)

(404)

Total other expense, net

60,470

44,413

121,809

87,896

Income before income taxes

66,222

51,845

122,509

103,136

Income tax provision

(17,738)

(13,247)

(28,574)

(23,139)

Income from continuing operations, net of tax

48,484

38,598

93,935

79,997

Income from discontinued operations, net of tax

347

347

Net income

$

48,484

$

38,945

$

93,935

$

80,344

__________________________________________

(a)

Results for the three and six months ended June 30, 2019 include the Acquired Businesses, which are included in the Midwest & South segment.

(b)

Reconciliation of corporate expense:

Three Months Ended

Six Months Ended

June 30,

June 30,

(In thousands)

2019

2018

2019

2018

Corporate expense as reported on Condensed Consolidated Statements of Operations

$

26,913

$

24,063

$

58,090

$

49,920

Corporate share-based compensation expense

(7,094)

(5,185)

(15,566)

(13,020)

Corporate expense, net, as reported on the above table

$

19,819

$

18,878

$

42,524

$

36,900

(c)

Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliations of Net Income to Adjusted Earnings

and Net Income Per Share to Adjusted Earnings Per Share

(Unaudited)

Three Months Ended

Six Months Ended

June 30,

June 30,

(In thousands, except per share data)

2019 (a)

2018

2019 (a)

2018

Net income

$

48,484

$

38,945

$

93,935

$

80,344

Less: income from discontinued operations, net of tax

(347)

(347)

Income from continuing operations, net of tax

48,484

38,598

93,935

79,997

Pretax adjustments:

Project development, preopening and writedowns

4,915

5,801

8,946

9,241

Impairment of assets

993

993

Other operating items, net

105

132

304

1,931

Loss on early extinguishments and modifications of debt

508

508

61

Other, net

(455)

(24)

(340)

(404)

Total adjustments

5,073

6,902

9,418

11,822

Income tax effect for above adjustments

(1,057)

(1,467)

(1,990)

(2,574)

Adjusted earnings

$

52,500

$

44,033

$

101,363

$

89,245

Net income per share, diluted

$

0.43

$

0.34

$

0.83

$

0.70

Less: income from discontinued operations per share

Income from continuing operations per share

0.43

0.34

0.83

0.70

Pretax adjustments:

Project development, preopening and writedowns

0.04

0.05

0.08

0.08

Impairment of assets

Other operating items, net

0.01

Loss on early extinguishments and modifications of debt

Other, net

Total adjustments

0.04

0.05

0.08

0.09

Income tax effect for above adjustments

(0.01)

(0.01)

(0.02)

(0.02)

Adjusted earnings per share, diluted

$

0.46

$

0.38

$

0.89

$

0.77

Weighted average diluted shares outstanding

113,795

115,218

113,832

115,186

__________________________________________

(a)

Results for the three and six months ended June 30, 2019 include the Acquired Businesses.

Non-GAAP Financial Measures 
Regulation G, “Conditions for Use of Non-GAAP Financial Measures,” prescribes the conditions for use of non-GAAP financial information in public disclosures. We believe that our presentations of the following non-GAAP financial measures are important supplemental measures of operating performance to investors: earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, EBITDAR (EBITDA further adjusted for rent expense associated with a master lease), Adjusted EBITDAR, Adjusted Earnings and Adjusted Earnings Per Share (Adjusted EPS). The following discussion defines these terms and why we believe they are useful measures of our performance.  We do not provide a reconciliation of forward-looking non-GAAP financial measures to the corresponding forward-looking GAAP measure due to our inability to project special charges and certain expenses.

EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR 
EBITDA and EBITDAR are commonly used measures of performance in our industry that we believe, when considered with measures calculated in accordance with accounting principles generally accepted in the United States (“GAAP”), provide our investors a more complete understanding of our operating results before the impact of investing and financing transactions and income taxes and facilitates comparisons between us and our competitors. Management has historically adjusted EBITDA and EBITDAR when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. We refer to this measure as Adjusted EBITDA or Adjusted EBITDAR. We have chosen to provide this information to investors to enable them to perform comparisons of past, present and future operating results and as a means to evaluate the results of core on-going operations. We have historically reported these measures to our investors and believe that the continued inclusion of Adjusted EBITDA and Adjusted EBITDAR provides consistency in our financial reporting. We use Adjusted EBITDA and Adjusted EBITDAR in this press release because we believe this information is useful to investors in allowing greater transparency related to significant measures used by our management in their financial and operational decision-making. Adjusted EBITDA and Adjusted EBITDAR are among the more significant factors in management’s internal evaluation of total company and individual property performance and in the evaluation of incentive compensation related to property management. Management also uses Adjusted EBITDA and Adjusted EBITDAR as measures in the evaluation of potential acquisitions and dispositions. Adjusted EBITDA and Adjusted EBITDAR are also used by management in the annual budget process. Externally, we believe these measures continue to be used by investors in their assessment of our operating performance and the valuation of our company. Adjusted EBITDA reflects EBITDA adjusted for deferred rent, share-based compensation expense, project development, preopening and writedown expenses, impairments of assets, loss on early extinguishments and modifications of debt and other operating items, net. Adjusted EBITDAR reflects Adjusted EBITDA further adjusted for rent expense associated with a master lease with a real estate investment trust.

Adjusted Earnings and Adjusted EPS
Adjusted Earnings is net income before project development, preopening and writedown expenses, impairments of assets, other items, net, gain or loss on early extinguishments and modifications of debt, other non-recurring adjustments, net, and income from discontinued operations, net of tax. Adjusted Earnings and Adjusted EPS are presented solely as supplemental disclosures because management believes that they are widely used measures of performance in the gaming industry.

Limitations on the Use of Non-GAAP Measures
The use of EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures has certain limitations. Our presentation of EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS or certain other non-GAAP financial measures may be different from the presentation used by other companies and therefore comparability may be limited. Depreciation and amortization expense, interest expense, income taxes and other items have been and will be incurred and are not reflected in the presentation of EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR. Each of these items should also be considered in the overall evaluation of our results. Additionally, EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the historical GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance.

EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP. EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures should not be considered as an alternative to net income, operating income, or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding historical GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.

Forward-looking Statements and Company Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company’s expectations, goals or intentions regarding future performance. In addition, forward-looking statements in this press release include statements regarding: the Company’s continued progress executing against its strategic growth initiatives, that the Company is successfully growing visitation and expanding its customer base across the country, that the Company is well-positioned to capitalize on future growth opportunities, and all of the statements under the heading “Full-Year 2019 Guidance.” Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. These risks and uncertainties include, but are not limited to: fluctuations in the Company’s operating results; the results of operations of its properties in various markets; the political climate and its effects on consumer spending and its impact on the travel industry; the state of the economy and its effect on consumer spending and the Company’s results of operations; the impact and effects of the local economies in the markets where the Company has operations; the receipt of legislative, and other state, federal and local approvals for the Company’s development projects; whether online gaming will become legalized in various states, the Company’s ability to operate online gaming profitably, or otherwise; consumer reaction to fluctuations in the stock market and economic factors; the fact that the Company’s expansion, development and renovation projects (including enhancements to improve property performance) are subject to many risks inherent in expansion, development or construction of a new or existing project; the effects of events adversely impacting the economy or the regions from which the Company draws a significant percentage of its customers; competition; litigation; financial community and rating agency perceptions of the Company and its subsidiaries; changes in laws and regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital market conditions; and the effects of war, terrorist or similar activity. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company’s other current and periodic reports filed from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

 

About Boyd Gaming:
Founded in 1975, Boyd Gaming Corporation is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states.  The Company currently operates 1.77 million square feet of casino space, more than 38,000 gaming machines, 815 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets.  With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.

 

Source: Boyd Gaming Corporation

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

NIGC Releases its Financial Report for 2018

Niji Narayan

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NIGC Releases its Financial Report for 2018
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The National Indian Gaming Commission (NIGC) has released its financial report for the year 2018. The gross gaming revenue (GGR) from the fiscal year 2018 totalled US$33.7 billion, represents a 4.1% increase over the previous fiscal year.

NIGC said that all of its administrative regions experienced positive revenue growth in fiscal 2018. The Portland Region featured the highest growth with an 8.2% increase and the Oklahoma City region registered a 7.3% growth.

“These numbers reaffirm the industry’s health as a stable economic driver for Indian Country,” NIGC Vice Chair Kathryn Isom-Clause said.

“The annual GGR tells a positive story about Indian gaming’s economic success and the industry’s ongoing contribution to a strong economy. It also tells the story of how collaboration among tribes, industry and the regulatory communities can build a strong reputation for reliability and integrity in the GGR calculation,” Commissioner Simermeyer said.

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Gambling in the USA

EquiLottery Games Partners with Major League Baseball

George Miller

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EquiLottery Games Partners with Major League Baseball
Reading Time: 3 minutes

 

New Lottery Game – Baseball Bucks – will allow lottery players to purchase tickets based on live MLB games

EquiLottery Games®, North America’s live sports lottery game developer, announced an agreement with Major League Baseball (MLB) that will see EquiLottery launch a new officially-licensed lottery draw game titled Baseball Bucks™. Under this multi-year agreement, Baseball Bucks will feature the official brand marks of MLB and the 30 MLB Clubs. Financial terms were not disclosed.

“We are pleased to be working with one of the most iconic leagues in professional sports worldwide,” said EquiLottery Games CEO Brad Cummings. “We have already hit the ground running and the early response from lotteries to Baseball Bucks has been exceedingly positive. I want to thank MLB for being exceptional to work with through this process as we develop a game that will increase the engagement with baseball across the U.S. while also returning more money to the good causes lotteries support. As with all of our games, Baseball Bucks is designed to be a win for all parties involved.”

“We are always aiming to work with partners who share our goal of providing innovative ways for fans to engage with live games,” said Kenny Gersh, MLB Executive Vice President, Gaming & New Business Ventures. “Baseball Bucks is a completely new gaming opportunity for lottery players and baseball fans. We’re looking forward to working with Brad and EquiLottery Games to bring Baseball Bucks to as many jurisdictions as we can.”

Based on the patented game platform developed by EquiLottery Games, Baseball Bucks marks the first time a U.S. professional sports league has entered the lottery draw game category. Lottery players will purchase a quick pick ticket that features 10 games from that day’s MLB regular season schedule. Winning tickets will match anywhere from 7 out of 10 winning teams to 10 out of 10 winners, with four prize tiers and overall odds of just 6 to 1.

Joining other live sports lottery games offered by EquiLottery Games such as Win Place Show® and Race Car Cash™, Baseball Bucks will utilize a quick pick gameplay style that makes it a pure game of chance. This appeals to a different kind of lottery player than traditional sports gaming and expands engagement with baseball fans.

This partnership also will see the parties potentially collaborate on other lottery games based on live baseball, including designs that offer life-changing jackpots similar to popular mainstays such as Powerball® and Mega Millions®. EquiLottery Games, the pioneer of live sports lottery games in North America, has already announced a partnership with Speedway Motorsports to develop a game based on live auto racing tentatively called Race Car Cash and has several other league deals in the works. EquiLottery Games recently launched Win Place Show, a lottery game based on live horse racing, through the Kentucky Lottery on a pilot basis.

 

About EquiLottery Games:
As the developer of the first daily lottery game based on a live sporting event to be offered through a U.S. lottery, EquiLottery Games is the pioneer of this exciting new game of chance sports category in lottery and gaming. This first-of-its-kind company offers a series of games based on popular sports such as auto racing, baseball, basketball, football, golf, hockey, and horse racing and partner with leagues and racetracks to integrate their iconic branding and valuable IP with the convenience of government lottery systems. Protected by US and Canadian patents, EquiLottery Games supports its lottery offerings through a series of products and services that make its games plug-and-play for its state lottery customers. These include central gaming systems, data licensing, horsemen negotiations, intellectual property licensing, mobile apps, multi-channel marketing support, second chance raffle prizes, sports calendar development, sports league licensing, systems integrations, and video streaming.

About Major League Baseball:
Major League Baseball (MLB) is the most historic professional sports league in the United States and consists of 30 member clubs in the U.S. and Canada, representing the highest level of professional baseball. Major League Baseball is the best-attended sport in North America, and since 2004, MLB has enjoyed its best-attended seasons in the history of the game. Led by Commissioner Robert D. Manfred, Jr., MLB currently features record levels of labor peace, competitive balance and industry revenues, as well as the most comprehensive drug-testing program in American professional sports. MLB remains committed to making an impact in the communities of the U.S., Canada and throughout the world, perpetuating the sport’s larger role in society and permeating every facet of baseball’s business, marketing and community relations endeavors. With the continued success of MLB Network and MLB digital platforms, MLB continues to find innovative ways for its fans to enjoy America’s National Pastime and a truly global game. For more information on Major League Baseball, visit www.MLB.com.

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Gambling in the USA

BMM’s Director Tribal Gaming, Jodi DiLascio Announced as a 2019 AISES Board Member

George Miller

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BMM's Director Tribal Gaming, Jodi DiLascio Announced as a 2019 AISES Board Member
Jodi DiLascio - Director, Tribal Gaming
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BMM Testlabs, the world’s leading gaming test lab and product compliance consultancy, is pleased to announce that Director, Tribal Gaming, Jodi DiLascio has been elected as a 2019 Board Member for the American Indian Science & Engineering Society (AISES) and will serve a three-year term.

DiLascio commented, “This opportunity is a true culmination of my life’s work, uniting my leadership and mentoring skills with my passion and commitment to Tribal youth to promote STEM advancement as a proud member of AISES Board of Directors. Working at BMM Testlabs for the past 10 years has allowed me to dedicate time doing what I am passionate about, Native Sovereignty and encouraging young Native people to pursue their dreams. I am thankful to the AISES membership for the opportunity to serve the organization and advance the mission of AISES with increasing the number of Native Americans and 1st Nations in STEM careers.”

COO, Travis Foley added, “As BMM’s Director, Tribal Gaming, Jodi does a great job representing the company in the Tribal community. Our commitment and valued relationships within Tribal gaming are as strong as ever and we are very pleased to have Jodi serve on the AISES Board of Directors.”

DiLascio also currently serves as a member of the National Indian Gaming Association Board of Directors.

About BMM:
BMM is the longest established and most experienced private independent gaming certification lab in the world, providing professional technical and regulatory compliance services to the gaming industry since 1981.

At its core, BMM is a systems-expert company that has provided consulting for and tested many of the largest gaming networks and systems over the last 37 years. In addition, BMM has been successfully testing and certifying the full scope of Class III casino products for over two decades.

BMM authored the first set of independent gaming standards in 1992 and the first set of online gaming standards in 2001.

BMM employs some 400 people in 15 global locations and serves over 460 jurisdictions.

BMM’s world headquarters are in Las Vegas (USA), with offices in Mexico City (Mexico), Lima (Peru), Melbourne and Sydney (Australia), Singapore, Macau (SAR, China), Moncton (Canada), Buenos Aires (Argentina), Barcelona (Spain), Vienna (Austria), Bologna (Italy), Midrand (South Africa), Bucharest (Romania) and Krakow (Poland).

For more information on BMM Testlabs, please visit bmm.com

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