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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
Zitro, a world leader in entertainment offering video bingo and slot games, systems and online gaming, announced that its Mighty Hammer slot is now available at Gran Madrid | Casino Torrequebrada in Benalmádena, Málaga.
The agreement further expands Zitro’s European reach, allowing the company to solidify its presence in Spain. The multi-game slots, available on Allure Glare and Illusion Glare terminals, bring many exciting gaming experiences to players and will allow the property to engage its visitors with unforgettable spins.
According to Zitro, the Mighty Hammer games offer an “unparalleled journey with different emotions at each level of the bonus link.” In addition, Mighty Hammer is very dynamic and always keeps gamblers on the edge of their seats.
The deal with Gran Madrid | Casino Torrequebrada comes in the wake of an agreement between Zitro and VICCA Group in Colombia that saw the provider power several of the operator’s properties with games. This move expanded Zitro and VICCA’s existing relationship, consolidating the provider’s presence in the country.
Commenting on the current deal, Sergio Rupérez, Gran Madrid’s head of product said that the Mighty Hammer bonus game is something that his company’s players enjoy a lot. He noted that the addition poises the Casino Torrequebrada as one of the most attractive gambling destinations around.
We believe this latest addition will position us as one of the most attractive entertainment destinations on the Costa del Sol, offering a diverse range of choices to suit all tastes and preferences.
Sergio Rupérez, head of product, Gran Madrid
Zitro’s director of Casinos Spain, Jaime Aníbal-Álvarez, also shared his thoughts on the matter. He thanked the Gran Madrid group for realizing the potential of Mighty Hammer and including it in their entertainment offerings.
Aníbal-Álvarez said that he is very content with the ongoing deal between Zitro and Gran Madrid and is looking forward to innovating more alongside Zitro’s trusted partner.
Meanwhile, Zitro continues to expand its global presence. In addition to its recent Pariplay Fusion aggregation agreement, Zitro also launched a new office in Latin America. The hub is located in Buenos Aires, Argentina and will bolster Zitro’s presence in the region, setting it up for further growth.
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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.
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.
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.
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.
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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Rephrased by The Mystic Gambler
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California Lottery players continue to seemingly win the biggest jackpots. The trend continued Wednesday night when a ticket sold in the Golden State overcame Powerball’s one in 292.2 million odds to win a more than $1 billion prize.
The Powerball jackpot hadn’t been hit since April 19. The top prize subsequently rolled over 38 times to climb upwards of $1 billion for Wednesday night’s historic drawing.
Powerball officials confirmed Thursday morning that a single ticket had matched the winning numbers of 7, 10, 11, 13, 24, and red Powerball 24 to claim the $1.08 billion prize. The advertised jackpot is the amount the player(s) would win should the winner opt for the 30-year annuitized payout. The one-time cash value is worth $558.1 million. Both amounts are before federal taxes.
Congratulations to our newest Powerball jackpot winner and the California Lottery!” said Drew Svitko, Powerball Product Group chair and the executive director of the Pennsylvania Lottery.
Svitko added that Powerball has given millions of lottery players the hopes and dreams of striking it rich for over 30 years.
“In doing so, Powerball has raised billions of dollars for good causes supported by lotteries. A portion of every Powerball ticket sold during this jackpot run will go toward furthering that legacy of supporting public programs and services in your community,” Svitko said.
California is home to about nine million more people than any other state, so it makes sense that more lottery winners come from the Golden State than any other lottery market. But luck has certainly been on California lottery players’ side regarding recent major jackpots.
Wednesday night’s $1.08 billion Powerball jackpot was the sixth-largest jackpot in U.S. history. California lottery players have now won three of the six largest prizes.
A player in California also won the record $2.04 billion Powerball jackpot hit last November. And a player in California was one of the three lucky winners of the $1.586 billion Powerball jackpot that was won in January 2016.
During Wednesday night’s draw, two other Powerball tickets sold in California matched the five white balls, but not the red Powerball, to claim the second-best prize of $1 million each.
California lottery players benefit from not having their prizes subject to state taxes. California is one of only nine states that doesn’t consider lottery prizes as taxable income.
Wednesday night’s $1.08 billion prize, should the winner opt for the annuitized payout, would equate to 30 payments of approximately $22.7 million after the federal 37% tax. If the winner opts for the one-time cash option, they’ll receive about $351.6 million after the feds take about $206.4 million of the loot.
Higher interest rates are helping propel Powerball and Mega Millions’ advertised annuitized jackpots. With the annuitized pools based on bonds backed by the U.S. Treasury, the pools are growing faster than they otherwise would.
For example, the $1.05 billion Mega Millions jackpot hit by a lucky player in Michigan in early 2021 featured a substantially higher cash option of $776.6 million. Since federal interest rates were near zero at the time, the annuitized jackpot was only about $274 million richer than the actual cash pool.
The Federal Reserve interest rate this week is about 5%. The heightened rates will likely cause lottery winners of annuitized jackpots to look closer at the 30-year payment plan. In recent years, nearly all major winners have chosen the cash option.
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This partnership will see the gaming operator designated as the club’s Official Betting Partner for the 2023/24 season. QuinnCasino is known to fans in Ireland under the QuinnBet brand, which is a fully-fledged sportsbook offering extensive coverage of domestic and international sports events.
The brand encourages safe and responsible gambling and its new tie-up with Dundee United will continue to do so. Moving forward, QuinnCasino’s branding will be seen at touchpoints at Tannadice Park, which is the club’s home stadium. The logo will also be visible on all first shirts during the season.
The companies have not spoken about the potential extension of this collaboration at the time being. Commenting on this opportunity, QuinnBet managing director Stephen Kelly said:
We are delighted to have reached a partnership extension agreement with Dundee United. Football is central to who we are, and we are proud to support the game and provide sponsorship to clubs across the UK and Ireland.
QuinnBet managing director Stephen Kelly
Kelly added that the QuinnBet and QuinnCasino are prominent brands in Scotland already and that the alliance with Dundee United reflects that. Kelly added that the brands are all for promoting well-being, education, and awareness about gambling with a particular emphasis on safer gambling.
The partners work together to promote responsible betting and gaming and their partnership will carry on with that. Joining this conversation, Elliot Shaw, Dundee United’s head of commercial sponsorship, said that QuinnBet delivered a strong level of support in the previous season when the companies were working together and Dundee United had decided to have the brand as the Official Betting Partner for yet another season.
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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.
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.
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 »
