BUSINESS

IGT casino management system approved in Pennsylvania; Moody’s lifts credit ratings on casino operators; Galaxy looks for 20% growth in 2012

TAGs: IGT, International Gaming Technology, Macau, moody's investors service

International Gaming TechnologyGaming developers, designers and manufacturers, International Game Technology (IGT) announced today the approval of its sbX casino management system by the Pennsylvania Gaming Control Board for use in casinos in the state of, you guessed it, Pennsylvania.

IGT vice president of Systems Products, Richard Yim, said: “IGT is thrilled to have our award-winning sbX server-based gaming system approved for casino gaming properties in Pennsylvania, especially as sbX continues to gain momentum by simplifying operations and maximizing performance for casino operators worldwide.”

IGT, that merged online and mobile departments this time last year, state that its sbX system is designed with the tools and resources necessary to create a “compelling” casino floor and to focus on player loyalty.

Yim added: “Pennsylvania casino operators are now able to use this powerful and versatile system to manage their slot gaming floors while also developing unique and differentiated entertainment experiences for their players.”

IGT has brought sbX to market with an emphasis on interoperability, and it is the industry’s first Gaming Standards Association (GSA)-compliant, server-based solution. More than 50 casinos in 11 countries have partnered with IGT for this server-based technology  – which only suggests it must be super-good!

 

moody'sCredit ratings agency, Moody’s Investors Service,  lifted its credit ratings on three U.S based casino operators today, citing their earnings prospects in Macau. The rating agency raised its ratings on Las Vegas Sands Corp. and Wynn Resorts Ltd. to Ba2, two levels below investment grade. Moody’s also lifted MGM Resorts International to B2, five notches below investment grade.

 

Galaxy Entertainment GroupSpeaking of Macau, it was reported today that Galaxy Entertainment Group is eyeing to outperform the overall Macau casino industry in 2012. According to chief financial officer Robert Drake, the gaming operator is looking to beat an industry consensus of 15 to 20% growth in 2012.

Speaking at the Reuters China Investment Summit, Drake, said: “Everyone is looking at the VIP market in particular. We haven’t seen any signs of slowing. There is plenty of liquidity in the market and visitation remains strong.”

 

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