Laughlin, Nev. – (July 24, 2023) – Award-winning comedianLarry the Cable Guy will bring the laughs to Laughlin with a hilarious show at The Edge Pavilion at Edgewater Casino Resort on Saturday, Dec. 2. Larry the Cable Guy is a multiplatinum recording artist, Grammy nominee, Billboard award winner and one of the top comedians in… Read More »
Jackpot: $572K Won on Las Vegas Strip Wheel of Fortune Slot Machine
A mystery player recently won more than $572K on a slot at Las Vegas’s New York-New York Hotel & Casino.
The total jackpot was $572,660.58. The player bet $1.75, IGT revealed on its Twitter account on Saturday.
The win was hit on an IGT Wheel of Fortune Triple Red Hot Sevens Gold Spin slot. [Read more…] about Jackpot: $572K Won on Las Vegas Strip Wheel of Fortune Slot Machine
Jackpot: Slot Players Keep Winning at Harry Reid Airport, Caesars Palace
Lucky players continue to hit payouts at Caesars Palace Las Vegas and at Harry Reid International Airport. Within the last month, slot machines at the two Las Vegas locations paid out several sizable jackpots.
On June 27, a mystery player won more than $1.3M on the IGT Wheel of Fortune Triple Double Emeralds machine, located in Harry Reid’s Terminal 1 Esplanade.
It appears the winner was on their way home when stopping to try their luck on the machine.
That’s one way to end a vacation — as a MILLIONAIRE,” a tweet from Harry Reid airport said.
The total win worked out to $1,330,133.04.
News of the win was first announced on Twitter by Derek Nicoletto, who posted a video of the slot machine after the payout.
‼️CONFIRMED‼️🎉🎰
One lucky player cashed in BIG at LAS — winning $1.3 million dollars playing Wheel of Fortune Triple Double Emeralds in the Terminal 1 Esplanade. 🤑
That’s one way to end a vacation — as a MILLIONAIRE! 💰Video credit: @dereknicoletto https://t.co/4tLhTQUF3B
— Harry Reid International Airport (@LASairport) June 28, 2023
No other details were provided on the payout.
$1B In Revenue
Over 36 years, the slots at Harry Reid (previously named McCarran International Airport) have generated more than $1 billion in revenue, according to Michael Gaughan’s Airport Slot Concession. The Las Vegas-based firm operates the slots at the busy airport.
In recent years, the airport slots generate about $39.8 million in gross revenue each year. That leads to about $34.4 million in average revenue for the airport.
In total, there are 1,430 slot machines at Harry Reid Airport.
“The slot machines located inside Harry Reid International Airport not only provide Las Vegas visitors … the opportunity to spend a few minutes at one of our slot machines while they wait for their flight, but … the revenue generated also helps lower the operating costs for airlines at the airport and those lower rates trickle down to tourists who plan on visiting Las Vegas,” Patricia Ross, general manager of Michael Gaughan’s Airport Slot Concession, said in a statement last October.
Prior Airport Wins
In March 2022, a traveler from California, identified as “William J.” won $328,655 on a slot at Harry Reid Airport. He was also playing a Wheel of Fortune machine.
On Feb. 25, 2021, a woman identified as “Megan H.” of Flower Mound, Texas, won more than $302,000. She also was playing a Wheel of Fortune slot in the B Concourse. In July 2020, “Kaoru H.,” a woman from Torrance, Calif., played a Wheel of Fortune 4D penny slot, located inside the airport’s C Concourse. After landing, she tested her luck with a $5 spin on the slot and won $873,511.
The largest jackpot believed to have ever been won at the Las Vegas airport was in 2005, when a player won $3,961,585.14.
Only Harry Reid and Reno-Tahoe International Airport provide U.S. travelers the chance to play slots. No other U.S. airports offer this amenity.
Caesars Palace Jackpots
Elsewhere in Las Vegas, Caesars Palace has seen several winners this month.
On July 14, an unnamed player won $200K on a video poker machine. Later that same day, another mystery player won $100K on a slot machine at the same Caesars Entertainment gaming property. On July 15, a third player at Caesars Palace won $100K while playing video poker.
All three Caesars Palace winners were Caesars Rewards members.
Live! Casino Pittsburgh Win
Across the country, on July 1, Zachary Kuvinka of Monessen, Pa., won $30,878 at Live! Casino Pittsburgh.
The progressive payout was won on a Lock It Link slot machine. No details were provided on the jackpot.
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PlayAGS Could Be Potent Play on Slot Machine Boom
Shares of PlayAGS (NYSE: AGS) are up 30.37% year-to-date, good for one of the better showings among small-cap gaming equities. Some analysts believe the slot machine manufacturer has more upside ahead of it.
In a note to clients earlier this week, B. Riley analyst David Bain reiterated a “buy” rating and $14 price target on the stock, implying shares of the Las Vegas-based company can more than double from today’s close at $6.70. He forecasts another earnings beat by PlayAGS, which reports on reports on Aug. 3, noting the company is likely gaining market share.
We expect 2Q free cash flow results should also provide net leverage reduction transparency to 3.5x or lower by December this year,” noted Bain. “Overall, we believe AGS has visible product and process momentum for slot industry outperformance over the next 12 months while its EV/EBITDA remains well-below peer and historical averages.”
PlayAGS has topped Wall Street’s earnings before interest, taxes, depreciation and amortization (EBITDA) estimates in 12 consecutive quarters.
PlayAGS Catalyst-Rich Story
Sell-side analysts believe PlayAGS started the second quarter on a strong note, and that the company has solid two- to three-month visibility in terms of client purchasing trends. Wall Street expects the firm to notch high single-digit sales growth this year.
That paints the picture of what market observers view as increasingly catalyst-rich story with PlayAGS — one that’s bolstered by the company’s market share gains in both the recurring revenue and unit sales segments.
“We believe product category expansion, such as AGS’ high denomination offering, is also contributing to market share gains. For both recur and sales, we note improvements in overall process in tandem with product momentum. For instance, AGS now has 25 salesmen versus 13 in 2019,” added Bain.
By some estimates, recurring revenue and domestically installed slots account for about 70% of the PlayAGS business model.
PlayAGS Undervalued, Financial Position Improving
Relative to its peer group, PlayAGS is discounted and that could be a source of appeal for some investors at a time when the company is firming its financial position. Earlier this year, the firm revealed plans to lower leverage to a range of 3.25x to 3.75x, drawing praise from Wall Street.
The second-quarter earnings update could be an opportunity for management to provide insight into the deleveraging efforts. Should that happen and the news is well-received, that could potentially facilitated more upside for the already hot stock.
“We estimate 2Q will show a significant Q/Q inflection to positive free cash flow and believe AGS will again cite CY23E net leverage ending between 3.25x and 3.75x, though the mid- to high end of the net debt guidance range is emerging as conservative, in our view,” concluded Bain.
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MOHAVE COUNTY – Nearly 200 children enjoyed fun, creative and educational classes during College for Kids this summer at Mohave Community College, and families are encouraged to sign up for next year’s camps. MCC’s Community Education division organizes the summer camp with a focus on teaching children about the history of Mohave County, STEM, exploring… Read More »
Play Synergy to Acquire Aruze Gaming Slot Machine Business
Empire Technological Group, which does business as Play Synergy, announced today that it is acquiring the US slot machine operations of Aruze Gaming.
In February, Aruze filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the State of Nevada. Last week, the company announced it is shuttering its Las Vegas office, laying off 100 workers as part of that process.
Financial terms of the Play Synergy purchase weren’t disclosed. Pending court and regulatory approvals, Play Synergy said the transaction could be finalized within the next 30 days. Aruze is the maker of the Rock Paper Scissors Instant Win slot machines, among other electronic gaming machines.
The company’s lone shareholder is Japanese businessman Kazuo Okada and its US clients include brick-and-mortar and internet casino operators.
With acquisition, Play Synergy is assuming “responsibility for, the related sales, service, support, and operations of Aruze’s slot route and operations.”
Play Synergy May Save Some Aruze Las Vegas Jobs
As noted above, Aruze announced last week that it plans to eliminate 100 jobs at its Las Vegas headquarters, but it’s possible some of those roles may be saved.
Aruze, Play Synergy, and all other stakeholders in the process have worked exceptionally well together to provide the vast majority of Aruze team members with new employment opportunities,” said Play Synergy President Frank Feng in the statement. “This along with interest from others in the industry has had the result of minimizing the disruption to those impacted and their families.”
Play Synergy didn’t mention how many of those 100 jobs, if any, could be saved. The buyer of the Aruze US slot operations also highlighted a commitment to the seller’s customers, noting it expects a smooth transition.
“Play Synergy understands that this process can be unsettling to Aruze’s current customer base and wants to reassure each of them that our team, including those that will be joining us from Aruze, are committed to a smooth transition along with a focus on excellence in customer service,” according to the statement.
Play Synergy Story
Play Synergy has three primary divisions – slot machines, table games and technology. The company’s gaming machines include the Lucky and Penny series of slots as well as electronic keno and poker offerings. It’s table games include variations of baccarat, blackjack and poker.
“We started in the table game business and have developed a collection of market-proven winners, including our flagship table game Golden Frog Baccarat,” according to the company.
Play Synergy’s SMRT Choice table game technology provides casino operators with live player analytics and can be customized across various iterations of baccarat, blackjack and poker.
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Jackpot: Jesus C. Wins $10.5M on Slot at Cannery Casino
This summer has been very rewarding for players at several gaming properties. A Las Vegas local, known as “Jesus C.,” won $10.5M last week on a slot machine at Cannery Casino & Hotel in North Las Vegas.
He hit the jackpot on the IGT Megabucks machine on July 7 with a $40 bet at the Boyd Gaming property.
The total payout was $10,488,726 after he lined up three Megabucks symbols, according to the Las Vegas Sun.
It was the first time he played at the casino. More often, he plays at the Orleans or Gold Coast casinos in Las Vegas, according to Las Vegas TV station KTNV.
The mystery player will use some of the money to purchase a house for his mother.
Grandpa Wins
Also, a very lucky unnamed grandfather from California’s Ventura County won $1.3 million on July 1 at Chumash Casino Resort.
He hit the record-setting payout on a progressive slot machine in the higher limits room at the Santa Ynez, Calif. gaming property.
Five weeks earlier, the same player won $556K at another slot also at Chumash Casino.
Some of the money will go toward tuition for the winner’s grandchildren. One apparently favorite granddaughter, who will reach the age of 16 in September, will get a new car as a present thanks to the jackpot, according to KABC.
The previous record jackpot at Chumash was $1 million which was won in 2014.
“I was just surprised and very glad,” the mystery winner told the Santa Barbara News Press about the jackpot.
He plays at the casino every couple of months, the Sacramento Bee further reported.
The casino is located about 125 miles northwest of Los Angeles.
Sons Bring Luck
Earlier this month, on July 6, a mother named Patricia Hendricks of Michigan, won $416,040 while playing Three Card Poker at the Paris Las Vegas casino.
She was playing the game for about 30 minutes when she got the win. She was visiting Las Vegas with her family, including her three sons, when she decided to stop into the Caesars Entertainment gaming property.
With the jackpot, Hendricks will be able to afford a trip to Europe.
She also will share some of the money with her sons.
Caesars Palace Jackpots
In Las Vegas, on Tuesday, another unnamed player won $102,050 on a slot machine at Caesars Palace.
Also, on Tuesday, a player won $102,050 while playing Buffalo Gold on a slot machine at Caesars Palace. That player at the Caesars Entertainment property was not identified.
Also, at Caesars Palace, on July 2 another unnamed player won $100,501 on a video poker machine. Still another mystery player won $100K on June 30 also while playing video poker at Caesars Palace.
Just days earlier, on June 27, another mystery player won $100K while playing video poker also at Caesars Palace.
It was on July 1, when another mystery player won $100K jackpot at Rampart Casino in Las Vegas. The person won with royal flush in diamonds.
Across the county at Treasure Island Resort & Casino in Welch, Minn., the property announced this month an unnamed winner won $109,983.36 while playing Dragon Link Autumn Moon.
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