The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates.
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Anytime the investment community gets downwind of a potential hiccup in the Macau gaming market, a slash-and-burn mentality sets in.
The ink was hardly dry on lottery giant Scientific Games Corp.’s $1.5 billion buyout of slot machine manufacturer WMS Industries when the corporate management team was shaken up with a new CEO and chairman in November. An even larger transition could come later this year.
Much has been speculated about the business model for SLS Las Vegas.
The marriage between lottery provider Scientific Games Corp. and slot machine manufacturer WMS Industries is still in the honeymoon phase.
Casino developers — including MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd. — will spend some $22 billion on massive new resorts and gambling complexes in Macau over the next four years.
The Empire put a hit on the Mafia and buried the farm. Two years after Caesars Entertainment Corp. perplexed Wall Street by acquiring social gaming operation Playtika, the casino giant has moved past rival Zynga Inc. to the top of the business model.
Bill Weidner has put his 14 years as president of Las Vegas Sands Corp. in the rear view mirror. Last month, Global Gaming Asset Management, which Weidner operates with former Las Vegas Sands executives Brad Stone and Garry Saunders, opened the first phase of Solaire, a planned $1.2 billion hotel-casino at Manila Bay in the Philippines.
