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Q4 NEWSLETTER | December 16, 2015
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Happy Holidays from The Innovation Group!
In honor of our industry relationships and clients, and in lieu of gifts or cards, each of our offices donated to worthwhile local charities, and will also be scheduling service days for various other charitable organizations in the new year.
Wishing everyone a wonderful holiday season, and a happy and prosperous 2016.
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TYCHE BETS ON THE REPUBLIC OF CYPRUS
by Joseph Dimino
The Greek goddess of luck and fortune, Tyche, has begun to turn her gaze to the Republic of Cyprus. Currently, the island is divided between the southern Republic of Cyprus and the Turkish Occupied Areas in the North of Cyprus (TOANC).
Read and share full article.
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ATLANTIC CITY & MILLENNIALS
by Michael Vanaskie
The Atlantic City Millennial Tourist
The image of the Atlantic City visitor is one of juxtaposition. At one end of the spectrum, there are the aging baby boomer day trippers visiting the South Jersey destination to play slots.
Read and share full article.
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CREATING A DESTINATION
by Jennifer Day
& Angela Slovachek
As the gaming industry shifts away from casino development in predominantly suburban markets, opportunities arise for communities seeking to revitalize distressed urban cores.
Read and share full article.
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About the writers:
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| Joseph C. Dimino, Sr. Analyst |
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| Michael Vanaskie, Sr. Analyst |
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| Jennifer Day, Sr. Analyst |
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| Angela Slovachek, Analyst |
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Raining Casinos, Too Many or Not Enough? (a report by CLSA & TIG)
The Innovation Group is proud to announce the release of a jointly researched report with CLSA Investment Bank,
Raining Casinos: Too Many or Not Enough?
Click here for the executive summary. For the full copy of the report, please email David Rittvo at
[email protected]
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Pechanga's New Luxury Hotel
The Innovation Group worked with Pechanga Development Corporation and the Pechanga Band of Luiseño Indians t
o determine feasibility and master planning fo
r an expanded hotel product. Based on TIG's input and analysis, Pechanga moved forward with the project and has recently opened a new luxury four-diamond hotel wing, a luxury spa, a new ballroom and meeting space, a resort-style pool complex, and two restaurants, as well as made improvements to the award-winning Pechanga Resort & Casino. For more information, please email the head of our Native American division, Erika Meeske, at [email protected]
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The Scarlet Pearl Casino Resort
The Scarlet Pearl Casino Resort in D'Iberville, Mississippi opened on time and within budget in early December. The primary lender and their agent, UBS and Wilmington Bank, engaged Innovation Project Development to provide pre-financing due diligence, followed by monthly on-site construction reviews and approval of disbursement requests for the $200 million project. IPD also consulted on the development of closing materials and disbursement procedures with attorneys for both the lenders and the developer. The project includes a 300-room high-end hotel tower, a stunning casino floor with 1,350 slot machines, and a spectacular miniature golf course, among other amenities. Click here for more information, or email Joel Rittvo at [email protected]
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Christopher Irwin
Senior Analyst
The Innovation Group
Based in the firm's Denver office, Chris is a senior analyst and has developed a thorough understanding of Indian Country by working with dozens of tribes and first nations in both the United States and Canada. He has worked to expand their presence in not only the gaming market, but also in other hospitality and leisure ventures. Since joining the firm in 2013, Chris continues to provide top notch consulting services that include feasibility and market assessments for casinos, hotels, meeting and entertainment, and convenience stores, just to name a few. Additionally, Chris has become the go-to man inside The Innovation Group for golf course market assessments.
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Emerging Leaders of Gaming
TM
, a program designed to turn today's young executives into tomorr
ow's industry leaders, was formed by The Innovation Group in 2012 as a means of giving young professionals that extra advantage in the already competitive gaming, entertainment, leisure, and hospitality industries. As GGB Magazine continues to publish G2E's and the AGA's year-long series, "40 Under 40", The Innovation Group and Reed Exhibitions continue to host annual networking events at G2E since the launch of Emerging Leaders. This year was no exception as we co-hosted the inaugural "40 Under 40" Awards while offering tomorrow's industry leaders invaluable networking opportunities.
Click here for the list of 2016 "40 Under 40" winners.
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Stay Connected with Emerging Leaders
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EVENTS & CONFERENCES - See which upcoming trade shows TIG will be attending in the next few months.
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ADDITIONAL HIRES & PROMOTIONS - Christopher Irwin of the Denver office has been promoted to Senior Analyst.
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Stay Connected with The Innovation Group:
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DENVER | ORLANDO | NEW ORLEANS
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Copyright 2015. All rights reserved.
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