September 8, 2008 at 2:07 pm · Filed under Online Gambling
FutureLogic, Inc., announced today that Seminole Gaming has selected FutureLogic as a preferred technology partner. According to Seminole Gaming, their selection was based on the printer’s superior performance in an extensive product-comparison analysis.
Seminole Gaming operates seven casinos on behalf of the Seminole Tribe of Florida, with more than 8,000 games installed across its properties. Seminole Gaming has directed its slot machine vendors to make FutureLogic the preferred printer for all new purchases by the Seminole Casinos. FutureLogic’s GEN2 Universal™ printer is currently being used in all of the casinos’ Class III slot machines and will remain the standard printer as Seminole Gaming adds more slot machines.
“In addition to demonstrating their reliability over time, FutureLogic printers offer designed-in software and hardware that give us the flexibility we need now and for future gaming platforms,†said Paul Tjoumakaris, Senior Vice President of Gaming Operations for Seminole Casinos. “We are also pleased with the service FutureLogic has provided throughout our casinos.â€
“FutureLogic is proud to be a preferred technology partner of Seminole Gaming and we look forward to a continuing and prosperous partnership,†said Nick Micalizzi, VP of Sales & Marketing for FutureLogic. “This selection is another testament to FutureLogic’s commitment to providing first-rate customer support along with innovative new products.â€
About FutureLogic
Founded in 1983 and headquartered in Glendale, Calif., FutureLogic designs and builds high-reliability electromechanical assembly solutions for nearly every printing need. As the undisputed leader in super-robust thermal printer technology, FutureLogic is the industry's premier supplier of thermal printers for casino gaming, promotional equipment, kiosk, industrial, RTAL, gas pumps and medical applications. FutureLogic has installed more than 900,000 gaming printers, which produce approximately 4 billion vouchers annually. In July 2004 the company founded FutureLogic Europe Ltd to provide direct sales and engineering support for the growing OEM thermal printer markets in Europe. In October 2006 FutureLogic expanded its global support network into the Asia Pacific market, with a new sales and service center in Macau, China.
About the Seminole Tribe of Florida
More than 3,300 members of the Seminole Tribe of Florida live on and off several reservations located throughout the state. A sovereign government with an elected Tribal Council, the Tribe is headquartered on the Hollywood Seminole Reservation. The Seminole Tribe pioneered Indian Gaming in 1979 with the opening of a high-stakes bingo hall, later renamed the Seminole Casino Hollywood. In 2004, it opened the Seminole Hard Rock Hotels & Casinos in Hollywood and Tampa. In 2007, the Tribe acquired Hard Rock International, the global restaurant and hotel company with the world’s largest collection of authentic music memorabilia.
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September 8, 2008 at 2:03 pm · Filed under Online Gambling
In its effort to complement Government's programmes aimed at reducing the high rate of unemployment in the country, Women's Action for Development (WAD) recently trained 143 young people in the Karas Region.
Over hundred young people graduated in different fields, among them office administration and typing, computer literacy, civic education, basic and advanced tailoring and nutrition and personal hygiene.
The new graduates bring the number of young people trained at the WAD Karas Training Centre in Keetmanshoop, sponsored by Namdeb Diamond Corporation, to 330.
WAD Executive Director Veronica de Klerk urged the graduates to use their knowledge acquired to uplift their standards of living.
Training offered by the organisation for free improves the chances of young people to land a job or start their own business.
"A certificate alone will not put bread on your table. The important point to consider is to what extent you will be prepared to utilise the knowledge and skills which you have gained during your training with the necessary dedication and commitment," she said.
The WAD executive director expressed concern over the abuse of alcohol, especially among women in that part of the country.
Alcohol abuse, as publicly known, has contributed to poverty and high levels of crimes such as stabbings and rape.
She believes that her organisation has a special calling to this region that is endowed with a lot of natural resources that can bring about economic prosperity. Instead, high levels of unemployment, po-verty, alcohol abuse and domestic violence haunt the region.
De Klerk discouraged women from engaging in gambling activities, adding that some mothers use the money meant for the maintenance of their children to gamble.
"With the legalization of gambling in certain entertainment facilities, women have simply taken over," she said.
She urged women not to squander away the little they have while the owners of such facilities run after riches that will continuously evade the gambler.
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September 8, 2008 at 1:57 pm · Filed under Online Gambling
Six months after the Las Vegas City Council approved plans for a gambling resort on the site of the historic Moulin Rouge casino, the area remains blighted and property owners accuse developers of reneging on promises to purchase their homes.
The developers insist they are pressing forward with the project and say eventually they will make good on promises to buy out the remaining occupied units of the near-empty Treeline condominiums.
In the meantime, the condo complex at 901 W. McWilliams Ave. has lost value as a place to live for remaining tenants and owners due to neglect, vandalism, crime and nuisances from drug users and vagrants who break into abandoned units at Treeline and neighboring properties.
And with the credit markets showing no interest in making commercial property loans at rates Moulin Rouge developers can live with, it could be a while before condo owners get compensation and the surrounding neighborhood gets something to replace the dangerous, blighted property.
The owners of the project -- Moulin Rouge Development Corp. of Las Vegas and Republic Urban Properties of San Jose, Calif. -- have acquired all but nine of the 60 units in the Treeline complex.
They've also bought up the former Desert Breeze apartments and have designs on more property between J and H streets and Bonanza Road and McWilliams Avenue.
Clark County property records show Moulin Rouge Development Corp., which is headed by Las Vegans Chauncey Moore and Dale Scott, has spent nearly $15 million acquiring property.
Moore and Scott did not respond to an interview request through a representative.
Republic Urban joined the project in February and has since become a lienholder on the land, according to Michael Van Every, the company's senior vice president of development.
But some folks who have dealt firsthand with the two companies are skeptical there's any money left.
They say Moulin Rouge and Republic Urban have backed off pledges to buy remaining condo units and aren't making good on promises to pay the owners money and extend sales agreements.
"I hope they can do it, I just don't see how," said Amy Groves, former manager of the Treeline homeowners association.
Groves, who is also a real estate broker, said after Moulin Rouge acquired most of the Treeline units from Bart Maybie, Moore and Scott raised hopes among remaining owners by promising them large sums for their modest homes.
When the purchase money didn't materialize, the two men offered to pay owners thousands of dollars per month to keep the sales agreements alive.
The purchase money never came and the extension payments dried up.
Once Republic Urban joined the project the promises stopped, Groves said.
"They are well within their rights to pay their earnest money and walk away," Groves said. "That is exactly what they did."
The problem is, until Moulin Rouge developers can complete the purchases, remaining owners in Treeline are forced to watch their property deteriorate in appeal and value.
During a recent visit, the entry gate from McWilliams Avenue was bent and propped open.
Inside the complex there was an overflowing community trash bin. The security guard on duty wore no uniform and the only evidence of law enforcement was two Las Vegas police officers who happened to ride through on motorcycles.
The units are adjacent to two lots with completely abandoned buildings. The abandoned buildings have broken windows and provide haven for squatters, thieves and illegal-drug users.
"Anybody who would wander in here would say it has lost its value," said Socorro Keenan, who owns one of the Treeline units but doesn't live there. She rents it to a tenant.
Keenan bought the unit in 2004 for $45,000. She says it is worth more despite the condition of the community because of the City Council approval that allows gambling and other business on what had been residential property.
She also says the Moulin Rouge developers stand to benefit the longer the complex stands mostly empty.
"I'm getting less (rent) because of the valuation of this area," she said. "This is the worst condition it has ever been in."
Van Every says it is "absolutely false" that the developers want to hold out to force sellers to take a lower price.
"If we had financing those deals would close," he said. "We paid them a lot of money in nonrefundable extensions."
Eventually, the developers intend to build a project that will cost hundreds of millions of dollars. Van Every says in a transaction of that size, "$300,000 for a unit there isn't going to make or break a deal."
The real problem is securing financing for the big loans at favorable rates, Van Every said.
The only loans now offered to the developers are at interest rates so steep they would undermine the viability of the project.
"This is a market that is very severe," he said. "We are seeing market factors that are not pretty."
Van Every also said tearing down the abandoned structures isn't as easy as it would seem. The buildings contain asbestos and possibly other material that would require special precautions to remove, he said.
That would cost money the group doesn't have.
"It is just not as easy as bringing a bulldozer down there and knocking it down," Van Every said. "We don't have a lot of resources now; we are doing the best we can."
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