Press Release – Scientific Games Corporation (Nasdaq: SGMS) announced today that it has completed the acquisition of WMS Industries Inc. (NYSE: WMS), combining leading businesses offering lottery games, gaming machines and game content, systems, sports betting technology, and social, mobile and interactive content and services. “We are pleased to announce the successful completion of our merger with WMS,” said A. Lorne Weil, Scientific Games’ Chairman and Chief Executive Officer.  “The acquisition of WMS is transformational for Scientific Games as it creates a leading company in the gaming industry with innovative content, world-class technology and an expansive geographical footprint, able to…

CBC – The developer behind a failed bid to build a massive casino complex in downtown Vancouver has returned with a new proposal for a multimillion-dollar urban resort project near BC Place. Paragon Development Ltd presented its plans at an open house on Tuesday night, the first public consultation since the company’s plan for the largest casino in Western Canada was rejected by Vancouver city council in 2011. The new development at 39 Smithe Street will start next to BC Place and stretch all the way to the Cambie Street Bridge. Paragon, which already owns Edgewater Casino on the edge of False Creek, says the new…

Freemium model is a new trend in Indian mobile gaming industry. The trend is changing the business model of the industry. Freemium model allows the player to avail and play the game for free at the initial stage for a limited level but is charged for the higher levels, more advance features, and for the functionality or the virtual goods. In addition, the leading players are focusing on freemium model as it helps them make more money than the paid ones. Moreover, the large studios with high-budget are also exploring the freemium model. Therefore, the demand of freemium payment model…

Press of Atlantic City – Tropicana Casino and Resort became the fifth casino to receive an Internet gambling permit in the state of New Jersey today. The state began issuing  permits last month with Borgata Hotel Casino & Spa becoming the first Atlantic City casino to be licensed. Internet gambling will go live in New Jersey on Nov. 26 following a five-day trial period. Golden Nugget Atlantic City, Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino have all been issued permits to date, according to the New Jersey Division of Gaming Enforcement. Press of Atlantic City

Press Release – The Horse and Sports Betting industry is undergoing significant change as governments abandon their holdings in state-based TAB operations to effectively develop a national wagering market. Private betting websites are also gaining a greater foothold in the market, due to changing consumer demand and preferences and improved access to betting websites. IBISWorld industry analyst Craig Shulman states, “Sports and events betting, while still low in revenue terms compared with racing betting, is the fastest growing segment in the industry.” The segment provides sports and events fans and professional punters the opportunity to wager on a wide range…

In his 2012 State of the State Address, when Gov. Andrew Cuomo pushed gambling in New York when he launched his casino initiative, the big idea was to end the constitutional prohibition of commercial gambling so that the Genting Organization, one of the world’s largest “gaming development companies,” could build “the largest convention center in the nation” in Queens, in New York City — an activity that the governor promised would “generate tens of thousands of jobs and economic activity that will ripple throughout the state.” But wait! Soon enough this plan had been completely inverted. By the time of…