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Monday, 18 December EU's decision to halt infringement procedures 'political' Europe appears to be going in the opposite direction to the US when it comes to how it is dealing with gambling legislation. Making a splash in pool betting through enhanced digital displays. Europe sees new lottery launch.

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The gaming law offered to eliminate the restrictions for a fee, which Valley Forge paid immediately. The purchase price represents an implied multiple of 7 times EBITDA, including expected cost synergies and incremental growth from the property's impending slot floor expansion, and before any operational improvements. Boyd expects the acquisition to be free cash flow-positive and immediately accretive to earnings.

Valley Forge features a 40,square foot casino with slot machines, 50 table games and nearly hotel rooms. The property also has eight restaurants and bars, and more thansquare feet of meeting, convention and exhibit space. The property is located just two miles north of King of Prussia Mall, one of the largest malls in the United States. Following the passage of gaming expansion legislation in November, Valley Forge eliminated its customer admission fee, and plans to expand its gaming capacity with the addition of slot machines in earlyboth of which are expected to drive increased customer traffic.

Louis, Kansas City and Cincinnati—with a combined population of nearly 10 million adults. We will expand our nationwide presence, operating 29 properties across 10 states.

We believe this expansion will help drive additional growth throughout our nationwide portfolio, as we market our destination properties to these new customers in the Midwest and Northeast. The Valley Forge transaction is expected to close in the third quarter ofsubject to customary closing conditions and the receipt of all required regulatory approvals.

The transaction will be financed with incremental debt financing. As a result of the company's substantial free cash flow, Boyd Gaming expects to Novomatic Pokies Img World its program of returning capital to shareholders through quarterly dividend payments and share repurchases. Electronic video games have been rising on two distinct tracks with each one having its own customer base and business models. On one path, arcade stores started with skill-based video games, and on a separate path, the casino industry introduced video slots that replaced mechanical slot machines.

From the outset, video games in arcade stores and slot machines in casinos had different revenue models. Arcade store patrons showed they were willing to play on a pay-per-play model for entertainment and status Pokies Slot Radio Card casino patrons showed they were willing to play video slots for a chance to win money.

Land-based casinos and slot manufacturers are now Novomatic Pokies Img World that millennials who have been growing up with action packed video games find their slot games unexciting to play. Facing with declining revenues, operators are actively looking for a new type of gaming that will appeal to the younger generation.

When playing a game, the outcome could be based on different factors. In the case of skill-based games, a player's reaction speed, mental skills such as logic abilities, strategic thinking or trivia knowledge determines the outcome of the game.

A game could have both an element of chance and an element of skill or both, for example some games such as poker, bridge or backgammon have an element of chance but also require mental or math skills. Overall, electronic games may be based on chance, skill or a combination of the two.

Skill-based games have their own sub-categories that are either based on intellect or physics. Sub-categories of games with intellect include math, logic, problem solving, etc. Sub-categories of games that are based on physics include those that involve reflex, speed and coordination. Examples of casino games that are purely based on chance include most slot machines, ball or number drawn games such as lottery, keno or bingo. The casino industry calculates key statistics such as house edge HE and return to player RTP for games of chance such as keno and slot machines based on probability theories and laws of large numbers.

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HE is the difference between a wager and its expected payout using probability theories. Typically the industry calculates the RTP and the HE for hybrid games based on the assumption that players follow the best strategy. But the more decisions players have to make, the more mistakes they will likely make, and thus the less likely they will achieve the theoretical optimal house advantage of the game.

Traditionally, independent testing Nzd Real Money Online Pokies and regulators calculate the RTP of a slot game that involves decisions, such as video poker and blackjack, with the assumption that a player follows perfect strategy, and since a large majority of players do not, the actual hold percentages of these games often exceed their theoretical house advantage percentages.

For example, a 5-card draw video poker that has a theoretical house edge of half of one percent could hold more than 5 percent, yet it has remained a popular casino game, mainly because the chance element of Novomatic Pokies Img World game far exceeds its skill element.

With the exception of video poker and blackjack, introducing hybrid games to the casino floor has proven to be a very difficult task. I believe it is time for the industry to embrace the concept of utility and game theory developed by economist and successfully used in other industries for many years.

I would like to advocate for a methodology that involves skill-based casino style games to have dual-meters, one for chance and a separate meter for skill. Although in some cases utility means monetary values, in most cases utility has a much broader meaning.

The utility value casino patrons receive is the excitement of winning plus the expected cash payout as well as other financial values they receive such as rebates and comps. The utilities received by a player include factors such as entertainment, excitement, pride, social interaction, and convenience as well as monetary values such as prize winnings and comps. Having a separate meter that measures the skill of the player provides a utility payout separate from the randomly generated monetary payout of the game.

Currently, slot manufactures are mixing the two elements without giving players much indications as to what exactly they are getting in return for their money. We should keep in mind that regulated gaming requires full disclosure and transparency, thus mixing chance and skill elements without tracking and reporting each one separately will be against these principles. This approach will challenge the less skilled players to come back to improve their scores.

Meanwhile all players, regardless of their skill levels can enjoy winning on the chance element of the game.

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In summary, whether a game is based on chance, skill or a blend of the two, players are looking to maximize their utilities, which include both monetary payouts and subjective values such as being recognized for their skills. A tradition since the inception of GGB 16 years ago, the 25 People to Watch feature recognizes executives, regulators, public officials, elected representatives and academics who are poised to make a major impact on the gaming industry.

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Freeman immediately began transforming the AGA into an aggressive proponent of the gaming industry, changing the strategy of playing defense.

Today, the AGA presents a positive image of the gaming industry to the world, and has taken the lead in the effort to legalize sports betting in the U. Freeman talks about the inclusive nature of the AGA these days and how he believes that partnerships and consensus makes the different in the long run. The joint venture is tailor-made for Level Up, an innovative lounge-like space that debuted at MGM Grand in Decemberoffering bi-weekly eSports competitions and other skill-based and interactive competitions in addition to a variety of traditional arcade games.

Plans call for a multilevel arena spread across 30, square feet and featuring a competition stage, LED video wall, special telescopic seating, state-of-the-art Novomatic Pokies Img World at an array of gaming stations and television-quality productions studios. The University of Nevada, Las Vegas, is expanding its reach into the sector as well after planting its flag Fruit Machines Pokie Celebrity Jihad this year by becoming the first major U.

According to the bookmaker, Devlin will leave his current job on January 1 and serve as a chairman designate until April, when Davis is scheduled to step down. On behalf of the Board I would also like to take this early opportunity to thank Gareth Davis for his considerable contribution and commitment to the Group over the past seven years. Zornes has held several management positions in the casino and hospitality industry in Nevada, the Caribbean and Colorado over the past 37 years.

Zornes' career began at the Red Lion Hotel chain inwhere he ultimately worked at three different times.

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