Gaming manufacturer relocates from Canada to Las Vegas

A gaming manufacturer has relocated its operational headquarters from Eastern Canada to Las Vegas.

DEQ Systems Corp., which was founded in 2002, moved into 5,000 square feet of office space at 6140 Brent Thurman Way in April. Coupled with employees who relocated from Canada and new hires, the company will have 25 employees in Las Vegas by the end of the year, said Joe Bertolone, president and chief executive officer.

The Las Vegas office will house executive staff, product compliance, product development and sales and marketing staff.

Research and development and product development operations counting for 23 employees will remain in Quebec City.

“If you’re going to be in the gaming business, you got to be in Las Vegas – the gaming capital of the world,” Bertolone said. “We’re excited about the resources and the human capital we have access to. Our customers are here. A lot of our business is based out of the West Coast and Asia. It’s much more convenient to access those customers, and our suppliers and supply chain is here.”

DEQ specializes in table games and progressive jackpot technology and has its systems and games installed in more than 300 casinos in 30 countries around the world. The company said it’s partnered with MGM Resorts International, Boyd Gaming, and Station Casinos to offer new carnival and propriety table games to their pits.

DEQ has two main lines of business with table games. It leases and markets proprietary table games such as EZ Baccarat, EZ Pai gow and Player’s Choice 21. That accounts for about 50 percent of the business, Bertolone said.

The other half of the business is table game systems – progressive systems that fit on tables, Bertolone said. Those systems allow players to make side wagers. It goes into a pool and based on certain events that happen on the table, the player can win that pool, he said.

“Those would be for any poker derivative games, Player’s Choice 21, Pai gow, blackjack games, and any games in the pit,” Bertolone said.

EZ Baccarat is the company’s top game, Bertolone said. In a normal game, there’s a 5 percent commission associated with the play, but in this case the commission associated with the game is taken out, making it a faster and cleaner game, he said.

The company announced its added more than eight new products in the last year containing casino property solutions, and it’s growing at a fast pace. In its first quarter report, the company reported a 17 percent increase in revenue to $2.47 million, up from $2.12 million in the first quarter of 2015.

“Gaming in North American has made a resurgence in the last two or three years, and we’re positioning ourselves to take advantage of that,” Bertolone said “That’s part of the reason why we moved our offices here and investing in the human capital here in Las Vegas.”

While slot machines in North America earn casinos the majority of their revenue, table games are a growing part of any casino floor, Bertolone said. It’s not going to eclipse slot machines, but he said his company wants to take advantage of that growth and provide products that help customers grow and make money.

“We’re excited about where table games are and where they’re going,” Bertolone said. “It’s one of the areas of the casino that are getting a lot of attention because of the social nature of the play. Everyone is searching for ways to reach millennials and bring excitement back into casinos. Over the course of the last couple of years with the slot replacement cycles slowed down, casinos are focusing on their other revenue streams. The pit is where they’re seeing increased revenues, and they’re paying a lot more attention.”

DEQ has a warehouse at 7235 Bermuda Road where it houses equipment, service teams and technicians. The warehouse operation started in 2005 and has seven employees.

The company serves international customers through Singapore and Macau where it has two employees.

ad-high_impact_4
Business
Bellagio, MGM Resorts International’s luxury hotel turns 20
The more than 3,000-room Bellagio hotel is situated on the site of the former Dunes Hotel. The Dunes was imploded in 1993, and construction of the Bellagio started in 1996. It cost $1.6 billion to build, making it the most expensive hotel in the world at the time. The Bellagio was former Wynn Resorts Ltd. Chairman and CEO Steve Wynn’s second major casino on the Strip after The Mirage. MGM Resorts International acquired the property from Steve Wynn in 2000. (Tara Mack/Las Vegas Review-Journal)
Facial recognition software at G2E – Todd Prince
Shing Tao, CEO of Las Vegas-based Remark Holdings, talks about his facial recognition product. (Todd Prince/Las Vegas Review-Journal)
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Bobby Baldwin to leave MGM
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Caesars has new armed emergency response teams
Caesars Entertainment Corp. has created armed emergency response teams. They are composed of former military and law enforcement officials. "These teams provide valuable additional security capabilities,” Caesars spokeswoman Jennifer Forkish said. Caesars is hiring Security Saturation Team supervisors, managers and officers, according to LinkedIn. The company did not say how many people it plans to hire for the units. (Las Vegas Review-Journal)
Las Vegas, airlines prepare for CES
CES in January is expected to attract more than 180,000 attendees. (Las Vegas Review-Journal)
AGS partners with Vegas Golden Knights
AGS is the nation’s second-largest manufacturer of Class II slot machines used primarily in tribal jurisdictions. It announced a marketing partnership with the Vegas Golden Knights NHL team. (Las Vegas Review-Journal)
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like