Monthly Archives: May 2018

Boyd Gaming pays $100m for Lattner VGT business in Illinois

US regional casino operator Boyd Gaming has acquired a healthy chunk of the video gaming terminal (VGT) market in Illinois.

This week, Boyd announced that it had acquired Lattner Entertainment Group Illinois in an all-cash deal worth $100m. The price is roughly 8x Lattner’s adjusted earnings, and Boyd expects the deal to be free cash flow positive and immediate accretive to its own earnings.

Lattner operates roughly 1k VGT units across 220 locations in Illinois. Boyd CEO Keith Smith said the acquisition provided “a valuable new avenue to access gaming customers and a platform to participate in the expansion of distributed gaming.”

The deal is expected to close by the end of the current quarter, pending the usual regulatory approvals. Boyd plans to pay for the deal with cash flow from operations and available funds from its existing credit facility.

Online gambling sites the top ransomware target in 2017

Online gambling was the top industry sector targeted by ransomware last year, according to a new report.

The 2018 Global Threat Intelligence Report by global cyber resilience firm NTT Security found that the volume of ransomware – the malicious blocking of access to data unless payment is made – surged 350% in 2017, accounting for 7% of all global malware attacks last year.

The gaming industry was the target of 20% of all ransomware attacks last year, higher than the business & professional services (17%), health care (12%), manufacturing (12%) and technology (11%) sectors. Two types of ransomware, the Locky trojan and WannaCry worm, accounted for 45% and 30%, respectively, of all such attacks in 2017.

NTT described ransomware as the “weapon of choice” targeting gambling operators in the Europe, Middle East and Africa (EMEA) region, which accounted for 36% of all such attacks in 2017.

Author Maria Konnikova Began Playing Poker for Book ‘Research,’ Won Big and Quit Writing Before Completion

Author Maria Konnikova began writing The Biggest Bluff, a book on using poker skills to become a better decision-maker but has put that project on hold to play poker full-time […]

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Brazil pol: narrow expansion push to casinos, online gambling

A key Brazilian legislator is urging his fellow deputies to narrow their gaming expansion focus to just land-based casinos and online gambling.

On Thursday, Rodrigo Maia, the president of Brazil’s Chamber of Deputies, urged his fellow legislators to prioritize a select few gambling expansion options in order to streamline debate and give gambling legislation a better chance of passing before the current legislative session expires on July 17.

For years now, Brazil has been attempting to pass legislation that would dramatically expand the scope of legal gaming in South America’s largest market. But bickering stakeholders and anti-gambling prudes have so far prevented any forward progression of these initiatives.

On Thursday, Maia (pictured) urged legislators to forego further debate on expansion items such as bingo halls, slots outside casinos and lotteries, focusing instead on two items: integrated resort casinos and online gambling.