July Slotland Jackpot Win Worth $169,072
July Slotland Jackpot Win Worth $169,072 One of the things about Slotland is that all of their games are tied together into a big progressive jackpot. So even though they might not be the most popular online and mobile casino out there in terms of the quantity of jackpots that they have available, they do have a sizable payout that happens on a regular basis that’s usually in the range of $150,000 to $175,000. This jackpot was hit once again, and it just goes to show that you can become a big winner if you have the right timing at the right site like Slotland. A lucky Canadian player who wishes to remain anonymous hit the progressive at Slotland recently. His payout was worth $169,072, and he was playing the Tikal Treasure slot at the time on their instant play platform. This jackpot hits several times each year, and they have paid out a number of big winners as a result. The most recent winner said he’s been playing with Slotland for about four years, and his session started off with a couple of wins in the $1,000 range that kept him floating along until he took down the biggest payout available. This player said he’ll probably pay down some debt and that he was drawn to Slotland because of how quick they are with deposits, withdrawals and bringing out new games. Michael Hilary is the Slotland casino manager, and he said, “Maybe Slotland’s jackpot never gets to be millions of dollars, but that’s becaue it’s hit so often! We’ve had a lot of jackpot winners who, believe me, were all quite happy to walk away with a couple hundred thousand!” Their jackpots hit so often because every single one of their slots is tied to the same progressive. Not only does this make it one of the largest linked jackpots over multiple titles in the industry, but it also makes it easier for players to choose different games without feeling like they’re missing out on a chance for a bit payday. Slotland is an excellent place to enjoy a nice selection of slots that you won’t find anywhere else. Their proprietary software means that they have a collection of games that aren’t available at other sites, and this is a big change from the software companies who can have dozens of different operators all using the same set of games for players. The Latest Online Casino & Gambling Related News Casino gaming is a terrific business, with a lot going on. We want you to know what’s happening, because we know it’s ultimately going to make you a better consumer. Toward that end, we supply you with links to some of the latest that is going on in this fast-moving, ever-changing industry. The five latest news items added to Best Casino Sites Online can be found featured in the list of news below. For more news including our archives click here.
Las Vegas Sands Reports First Quarter 2015 Results
Las Vegas Sands Reports First Quarter 2015 Results LAS VEGAS, April 22, 2015 /PRNewswire/ — Las Vegas Sands Corp. (NYSE: LVS) today reported financial results for the quarter ended March 31, 2015.First Quarter OverviewMr. Sheldon G. Adelson, chairman and chief executive officer, said, “While the operating environment in Macao, particularly in the high-end gaming segments, remained challenging during the quarter, our focus on the higher margin mass and non-gaming segments and the geographic diversification of our cash flows allowed us to deliver in excess of one billion U.S. dollars of Adjusted Property EBITDA during the quarter. Despite the current headwinds in the Macao market, we remain steadfast in our focus on the consistent execution of our global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model. ”Our convention-based Integrated Resort business model appeals to the broadest set of customers, generates the most diversified set of cash flows, delivers the industry’s highest revenue and profit from non-gaming segments and brings the greatest economic and diversification benefits in the industry to the regions in which we operate. We remain confident that the continued execution of our strategy will further extend our position as the global leader in Integrated Resort development and operation and enable us to deliver strong growth in the future. ”The prudent management of our cash flow, including the ability to increase the return of capital to shareholders while maintaining a strong balance sheet and ample liquidity to invest in future growth opportunities, remains a cornerstone of our strategy.”The company paid a recurring quarterly dividend of $0.65 per common share during the quarter, an increase of 30.0% compared to the first quarter of 2014. The company also announced that its next recurring quarterly dividend of $0.65 per common share will be paid on June 30, 2015, to Las Vegas Sands shareholders of record on June 22, 2015. That dividend represents an increase of 30.0% compared to the dividend paid in the second quarter of 2014. Additionally, since the inception of the company’s share repurchase program in June 2013, the company has returned $2.23 billion to shareholders through the repurchase of nearly 31.0 million shares. Mr. Adelson added, “The Macao market saw strong visitation from mainland China during the quarter and we enjoyed solid visitation to our Cotai Strip properties. We welcomed over 16 million visits to our Macao property portfolio, delivered strong growth in the high-margin retail mall business and steady performance in most of the other non-gaming segments of our business. Notwithstanding a challenging environment in the VIP and premium mass gaming segments, we delivered $527.7 million in adjusted property EBITDA across our Macao property portfolio. We remain confident that our market-leading Cotai Strip properties, which will be complemented in the future by The Parisian Macao and the St. Regis tower at Sands Cotai Central, will continue to provide the economic benefits of diversification to Macao, meaningfully enhance the appeal of Macao to business and leisure travelers and provide an outstanding and diversified platform for growth in the years ahead.”In Singapore, adjusted property EBITDA decreased to $415.3 million in the first quarter of 2015, reflecting modest growth in mass gaming and retail mall revenues, offset by a decrease in Rolling Chip win during the current quarter. Adjusted Property EBITDA was up 0.2% on a constant-currency basis. Mass win-per-day reached $4.70 million, an increase of 1.1% in the quarter compared to the year ago quarter. The mass win per day figure was an all-time quarterly record when measured in local currency terms. Company-Wide Operating ResultsNet revenue for the first quarter of 2015 decreased 24.9% to $3.01 billion, compared to $4.01 billion in the first quarter of 2014. Consolidated adjusted property EBITDA of $1.05 billion decreased 29.0% in the first quarter of 2015, compared to the year-ago quarter. On a hold-normalized basis, adjusted property EBITDA decreased 25.2% to $1.02 billion in the first quarter of 2015. On a GAAP (Generally Accepted Accounting Principles) basis, operating income in the first quarter of 2015 decreased 37.8% to $711.1 million, compared to $1.14 billion in the first quarter of 2014. The decrease in operating income was principally due to softer results across our Macao property portfolio. On a GAAP basis, net income attributable to Las Vegas Sands in the first quarter of 2015 decreased 34.0% to $511.9 million, compared to $776.2 million in the first quarter of 2014, while diluted earnings per share in the first quarter of 2015 decreased 32.6% to $0.64, compared to $0.95 in the prior-year quarter. The decrease in net income attributable to Las Vegas Sands reflected the decline in operating income described above, offset by a $121.4 million decrease in net income attributable to noncontrolling interests. Adjusted net income (see Note 1) decreased to $531.1 million, or $0.66 per diluted share, compared to $793.9 million, or $0.97 per diluted share, in the first quarter of 2014. Sands China Ltd. Consolidated Financial ResultsOn a GAAP basis, total net revenues for Sands China Ltd. decreased 34.9% to $1.77 billion in the first quarter of 2015, compared to $2.72 billion in the first quarter of 2014. Adjusted property EBITDA for Sands China Ltd. decreased 43.4% to $531.0 million in the first quarter of 2015, compared to $938.1 million in the first quarter of 2014. Net income for Sands China Ltd. decreased 54.2% to $344.7 million in the first quarter of 2015, compared to $751.9 million in the first quarter of 2014.The Venetian Macao First Quarter Operating ResultsDespite the softer gaming market in Macao, The Venetian Macao continued to enjoy Macao market-leading visitation and financial performance. The property generated adjusted property EBITDA of $269.9 million with an EBITDA margin of 34.3%. Non-Rolling Chip drop decreased 22.5% to $1.87 billion for the quarter with a Non-Rolling Chip win percentage of 25.0%. Rolling Chip volume during the quarter decreased 44.4% to $8.52 billion. Rolling Chip win percentage was 2.83% in the quarter, below the 3.49% experienced in the prior-year quarter. Slot handle decreased 26.8% compared to the first quarter of 2014 to $1.06 billion. Mall revenues increased 15.9% during the quarter to reach $44.4 million.The following table summarizes the key operating results for The Venetian Macao for the first quarter of 2015 compared to the first quarter of 2014:Sands Cotai Central First Quarter Operating ResultsNet revenues and adjusted property EBITDA for the first quarter of 2015 at Sands Cotai Central were $571.8 million and $155.9 million, respectively, resulting in an EBITDA margin of 27.3%.Non-Rolling Chip drop decreased 8.6% to $1.65 billion with a Non-Rolling Chip win percentage of 20.8%. Rolling Chip volume was $6.08 billion for the quarter with a Rolling Chip win percentage of 2.76%. Slot handle decreased 9.8% to $1.64 billion for the quarter.Mall revenues increased 53.4% during the quarter to reach $13.5 million. Hotel occupancy was 81.5% with ADR of $173. The following table summarizes our key operating results for Sands Cotai Central for the first quarter of 2015 compared to the first quarter of 2014:Four Seasons Hotel Macao and Plaza Casino First Quarter Operating ResultsThe Four Seasons Hotel Macao and Plaza Casino generated adjusted property EBITDA of $44.5 million in the first quarter of 2015, a decrease of 60.6% compared to the year-ago quarter. Non-Rolling Chip drop decreased 34.9% in the first quarter of 2015 to $229.0 million, while Non-Rolling Chip win percentage was 23.1%. Rolling Chip volume decreased 56.9% to $3.96 billion for the quarter. Rolling Chip win percentage was 2.81% in the quarter, below the 3.62% experienced in the prior-year quarter. Slot handle decreased to $133.9 million during the quarter. The following table summarizes our key operating results for the Four Seasons Hotel Macao and Plaza Casino for the first quarter of 2015 compared to the first quarter of 2014:Sands Macao First Quarter Operating ResultsSands Macao’s adjusted property EBITDA decreased 37.2% to $57.4 million compared to the same quarter last year. Non-Rolling Chip drop decreased 27.7% to $789.9 million during the quarter, while slot handle decreased 12.0% to $707.1 million. Rolling Chip volume decreased 53.0% to $2.53 billion for the quarter. The property realized 2.86% win on Rolling Chip volume during the quarter, above the 2.59% generated in the year-ago quarter. The following table summarizes our key operating results for Sands Macao for the first quarter of 2015 compared to the first quarter of 2014:Marina Bay Sands First Quarter Operating ResultsMarina Bay Sands in Singapore generated adjusted property EBITDA of $415.3 million, a decrease of 4.6% compared to the first quarter of 2014. On a constant-currency basis, EBITDA increased 0.2%. Rolling Chip win percentage of 3.41% in the first quarter of 2015 was above the expected range and in-line with the 3.41% achieved in the first quarter of 2014.Non-Rolling Chip drop was $1.11 billion during the quarter. Slot handle increased 1.1% to $3.08 billion for the quarter compared to the year-ago quarter. Total mass win per day during the quarter increased 1.1% to $4.70 million, compared to $4.65 million in the first quarter of 2014. Rolling Chip volume decreased 22.0% to $10.09 billion for the quarter.ADR decreased to $414 during the quarter and occupancy decreased to 94.8%, driving a RevPAR decrease of 7.5% compared to the same quarter last year. Retail mall revenue increased 3.4% to $39.8 million during the first quarter of 2015, compared to $38.5 million in the prior-year quarter.The following table summarizes our key operating results for Marina Bay Sands for the first quarter of 2015 compared to the first quarter of 2014:Las Vegas Operations First Quarter Operating ResultsAdjusted property EBITDA at The Venetian Las Vegas and The Palazzo, including the Sands Expo and Convention Center, was $74.1 million for the quarter, a 7.0% decrease compared to the first quarter of 2014. Hotel ADR increased 1.2% to reach $244 in the quarter while occupancy declined to 86.2%, compared to the first quarter of 2014. RevPAR decreased 1.9% to $210 in the quarter. Table games drop, which reflected a solid quarter for non-Baccarat play, increased 2.8% in the quarter to $533.1 million, while slot handle increased 22.3% to $578.5 million.The following table summarizes our key operating results for our Las Vegas operations for the first quarter of 2015 compared to the first quarter of 2014:Sands Bethlehem First Quarter Operating ResultsNet revenues for Sands Bethlehem in Pennsylvania increased 9.0% to $127.7 million and adjusted property EBITDA increased 12.8% to $29.9 million for the quarter. Table games drop increased 6.4% to $263.4 million for the quarter, while table games win percentage was 17.3%, which was higher than the 16.1% realized in the first quarter of 2014. Slot handle increased 6.0% year-over-year to $1.01 billion for the quarter with slot hold percentage of 7.1%.The following table summarizes our key operating results for Sands Bethlehem for the first quarter of 2015 compared to the first quarter of 2014:Asian Retail Mall OperationsGross revenue from tenants in the company’s retail malls on Macao’s Cotai Strip (The Venetian Macao, Four Seasons Macao and Sands Cotai Central) and Marina Bay Sands in Singapore reached $127.2 million for the first quarter of 2015, an increase of 17.3% compared to the first quarter of 2014. Operating profit derived from these retail mall assets increased 22.8% for the quarter compared to the quarter one year ago, reaching $112.4 million.Other Factors Affecting EarningsOther Asia adjusted property EBITDA, which is principally comprised of our CotaiJet ferry operation, reflected adjusted property EBITDA of $3.5 million during the quarter, compared to a loss of $1.4 million in the first quarter of 2014.Pre-opening expense was $9.6 million in the first quarter of 2015, compared to $4.3 million in the first quarter of 2014.Depreciation and amortization expense was $253.9 million in the first quarter of 2015, compared to $261.0 million in the first quarter of 2014.Interest expense, net of amounts capitalized, was $66.3 million for the first quarter of 2015, compared to $71.1 million in the prior-year quarter. Capitalized interest was $4.2 million during the first quarter of 2015, compared to $1.7 million during the first quarter of 2014. Our weighted average borrowing cost in the first quarter of 2015 was approximately 2.7%.Corporate expense was $45.2 million in the first quarter of 2015, compared to $50.7 million in the first quarter of 2014.Other income, which was principally composed of foreign currency gains, was $15.5 million in the first quarter of 2015, compared to $4.7 million of expense in the first quarter of 2014.The company’s effective income tax rate for the first quarter of 2015 was 8.3%. The tax rate is primarily driven by a provision for the earnings from Marina Bay Sands at the 17% Singapore income tax rate.The net income attributable to noncontrolling interests during the first quarter of 2015 of $99.1 million was principally related to Sands China Ltd. Balance Sheet ItemsUnrestricted cash balances as of March 31, 2015 were $2.41 billion.As of March 31, 2015, total debt outstanding, including the current portion, was $9.24 billion.Capital ExpendituresCapital expenditures during the first quarter totaled $367.3 million, including construction, development and maintenance activities of $326.5 million in Macao, $23.4 million at Marina Bay Sands, $14.3 million in Las Vegas, and $3.1 million at Sands Bethlehem.Conference Call InformationThe company will host a conference call to discuss the company’s results on Wednesday, April 22, 2015 at 1:30 p.m. Pacific Time. Interested parties may listen to the conference call through a webcast available on the company’s website at www.lasvegassands.com.Forward-Looking StatementsThis press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new ventures, substantial leverage and debt service, government regulation, tax law changes, legalization of gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such information.Note 1Adjusted net income excludes pre-opening expense, development expense, gain or loss on disposal of assets and loss on modification or early retirement of debt.About Las Vegas SandsLas Vegas Sands (NYSE: LVS) is the world’s leading developer and operator of Integrated Resorts. Our collection of Integrated Resorts in Asia and the United States feature state-of-the-art convention and exhibition facilities, premium accommodations, world-class gaming and entertainment, destination retail and dining including celebrity chef restaurants, and many other amenities.Our properties include the five-diamond Venetian and Palazzo resorts and Sands Expo Center in Las Vegas, Sands Bethlehem in Eastern Pennsylvania, and the iconic Marina Bay Sands in Singapore. Through our majority ownership in Sands China Ltd. (HK: 1928), LVS owns a portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao and Sands Cotai Central, as well as the Sands Macao on the Macao Peninsula.LVS is dedicated to being a good corporate citizen, anchored by the core tenets of delivering a great working environment for nearly 50,000 employees worldwide, driving impact through our Sands Cares corporate citizenship program and leading innovation with the company’s award-winning Sands ECO360° global sustainability program. To learn more, please visit www.sands.com. Contacts:Non-GAAP ReconciliationsWithin the company’s first quarter 2015 press release, the company makes reference to certain non-GAAP financial measures including “adjusted net income,” “hold-normalized adjusted net income,” “adjusted earnings per diluted share,” “hold-normalized adjusted earnings per diluted share,” “adjusted property EBITDA,” and “hold-normalized adjusted property EBITDA.” Whenever such information is presented, the company has complied with the provisions of the rules under Regulation G and Item 2.02 of Form 8-K. The specific reasons why the company’s management believes that the presentation of each of these non-GAAP financial measures provides useful information to investors regarding Las Vegas Sands Corp.’s financial condition, results of operations and cash flows has been provided in the Form 8-K filed in connection with this press release.Adjusted property EBITDA consists of operating income (loss) before depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal of assets, pre-opening expense, development expense, royalty fees, stock-based compensation and corporate expense. Reconciliations of GAAP operating income (loss) and GAAP net income attributable to Las Vegas Sands Corp. to adjusted property EBITDA and hold-normalized adjusted property EBITDA are included in the financial schedules accompanying this release.
Gala Interactive signs up to the Odobo Marketplace
Gala Interactive signs up to the Odobo Marketplace Odobo announces two new distribution deals with Gala Coral Interactive, one of the most established gaming companies in the UK serving millions of players. It will bring on board two more of its flagship brands, Gala Casino and Gala Bingo. Gala Casino offers a wide variety of games and over 300 titles ranging from branded slots to poker and blackjack and the recently launched Macau product range. Gala Casino has a dedicated VIP and player development team and prides itself on the player promotions, service and titles it has on offer. Gala Bingo’s primary focus is on leading the field for online bingo. It offers unique features, such as the Gala TV Bingo room, an online bingo room with live interactive presenters who accompany the actual games. Joining the Odobo Marketplace gives both brands access to 50 new gaming titles. Odobo’s developers also benefit from greater exposure for every title they produce via the Odobo Developer Program. Ashley Lang, Founder and CEO of Odobo, said, “Gala Coral Interactive’s brands are a great addition to the network of Odobo casino and bingo partners. Both brands are instantly recognisable in the UK with a considerable land-based and online presence that instils trust with the consumer. The addition of Gala Casino and Gala Bingo to the Odobo Play app will benefit all parties with two more excellent real-money choices being made available to UK players for their favourite Odobo games. We look forward to a strong partnership with Gala Coral Interactive and thank them for choosing Odobo.” Mark Kemp, Gaming Director at Gala Coral Interactive, commented, “The HTML5 content available via Odobo supports our rapidly growing broad gaming mobile player base and existing desktop community for both of the Gala brands. In Odobo, we look forward to new and innovative gaming content that is available exclusively via the Odobo Marketplace and content that is optimised for play across all devices.” This announcement follows other integrations with bet365, Betfair, Unibet and Gala Coral Interactive’s Coral brand. Odobo now offers access to six of the largest brands in the regulated gaming industry and continues to expand on the distribution available to participating developers with new integrations underway. Did you enjoy this article? Click here to subscribe to Casino Journal.
OpenBet Handles Over 25m Wagers During 2015 Cheltenham Festival
OpenBet Handles Over 25m Wagers During 2015 Cheltenham Festival OpenBet platform handles more than 25 million wagers over four days of the 2015 Cheltenham Festival. OpenBet, the world’s leading software provider for the sports betting industry, has announced record numbers of wagers accepted on the 2015 Cheltenham Festival. The company, which provides software for the likes of William Hill, Paddy Power, Ladbrokes, SkyBet, Coral and Betfair, revealed it had handled more than 25,000,000 bets during the four-day event and processed some 146 million payment transactions in the same period. With one of world’s largest horse racing festivals taking place during business hours, it comes as no surprise that an average of 63 per cent of all bets were placed using smartphone and tablet devices. Some 20,000 Bets Placed in a Single Minute The company’s technical capabilities were tested to the max, as the number of wagers placed in a single minute on the platform amounted to 20,000 during the busiest times. Some predictable outcomes at the 2015 Cheltenham saw punters enjoy plenty of success, which in turn resulted in serious losses for UK’s largest sports betting operators, although the bookmakers reportedly saved around £50 million due to the fall of Annie Power alone. And taking also into account that most leading bookies attracted plenty of new customers during the four days of the highly rated event, they still have plenty of reason for optimism as top European football competitions enter the final stage. About OpenBet OpenBet is a software company based out of London, UK, with offices in Sydney and Montreal. They provide gaming software for sports betting operators, state lotteries and online gambling industry, and currently employ over 550 people. Europe’s leading bookmakers deploy their high-end platform to provide their customers with a seamless betting experience, with multiple languages and currencies supported catering for an international player base. OpenBet allows punters to bet via desktop, mobile, phone or on the high street using a single account, as well as to place their wagers quickly and securely. The company is a winner of numerous industry awards and they were voted as one of the best 100 firms to work for in the United Kingdom back in 2010. OpenBet has also been voted Sports Betting Supplier of the Year four times in a row and they continue to be at the forefront of the highly competitive industry.
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Gaming Lobby Debates Lynch as Obama’s Pick for Attorney General
Gaming Lobby Debates Lynch as Obama’s Pick for Attorney General Loretta Lynch was nominated by the President Obama to replace Eric Holder as the General Attorney. The American Gaming Association, the gaming industry Capitol Hill’s leading lobby group, is entering the debate over President Obama’s decision to pick Loretta Lynch as the new Attorney General. The group is constantly trying to pass a federal crackdown on illegal gambling and its highest priority is protection of the fast growing gaming industry in the United States. Geoff Freeman, who is the AGA’s president, wrote a letter to the members of the Senate Judiciary Committee urging them to ensure that the next attorney general would take very seriously the problem of illegal gambling activities across the USA. Loretta Lynch was nominated by the President Barak Obama to replace Eric Holder, who is stepping down. The long-time Attorney General Holder will leave the place to Lynch who is currently a New York federal prosecutor. The hearings for Lynch’s confirmation are expected to start this Wednesday and it is not sure whether she will get the confirmation in the Senate, which is controlled by the Republicans. According To the AGA the Current Law Is Failing The American Gaming Association believes that the current law is failing to protect the market. The one to give this statement was Chris Moyer who is the association’s spokesperson. He also added that the group was not advocating for legislation yet, but he pointed out that the gaming market is huge and changes are needed as soon as possible. One of the biggest problems in the USA is the sports betting which is only allowed to a limited extent in several states and fully legalized in Nevada. Adam Silver, the NBA Commissioner, has already called for legalizing sports betting across the country, whereas the AGA is still not sure whether the group should ask for legalization or stronger enforcement. With the Super Bowl on the doorsteps, the association was busy highlighting the concerns it has about the status of illegal sports betting. According to their information, lots of people will place illegal bets whose total amount could be $3.8 billion, which is much higher than the expected Nevada’s legal betting of “only” $100 million. The Association Has Pulled Its Support for Online Gambling All of these actions by the AGA are part of its aggressive campaign to change people’s negative views on the gambling impact on the society. However, the group disappointed many online players when it announced withdrawing its official endorsement for online gambling. In May, 2014, it was the group’s chief executive Geoff Freeman who said that online gambling was an issue which couldn’t be led on by the association. As one of the reasons for their decision was the disagreement among major casinos such as MGM and Caesars which are advocates for legalisation and Las Vegas Sands, the biggest enemy of internet gaming. Before pulling its support for legalisation of online casinos in the USA, the AGA had submitted a written testimony to the US Congress in favour of iGaming. One of the strongest arguments then presented by the group was that “online gaming is here to stay.”