Casino enthusiasts and companies like Sightline Payments with Kirk Sanford would surely be pleased to hear that Moody’s Investors Service has upped its expectations for the U.S. gaming industry in 2011. They issue a “stable” outlook, with a one to two percent growth in projecting revenues, and a two to four percent increase in casino operator profits. They explain that although the recovery of the gaming industry will be uneven, newer casino locations such as Pennsylvania will undoubtedly boost the industry. Also, Strip gaming revenue was nearly $494.8 million, up from $426.3 million for the same period last year.
Earlier this week, a new casino was opened in the rural community of Bok Homa, near Sandersville. Las Vegas entertainer Wayne Newton was invited to participate in the grand opening by the Mississippi Band of Choctaw Indians. He also joined the tribe for the opening of another casino in 1993; the Silver Star Casino.
The Choctaw’s miko, or chief, Beasley Denson, was thrilled by the event, and stated that Monday was a good day for the tribe, Jones County and the entire state of Mississippi. “Bok Homa Casino represents hope for the future,” he explained. “It’s not every day that 300 new jobs come.”
The opening of a new casino may indeed foreshadow a brighter future for the gaming industry, and is certainly good news for casino enthusiasts and companies such as Sightline Payments with Kirk Sanford.
Sightline Payments is a privately owned company with its headquarters in Las Vegas, Nevada. The management team, which includes the Vice President of Sales Diran Kludjian; the Vice President of Development Tom Sears, and the CEO, founder and President Kirk Sanford, have all come together to make Sightline Payments the proven provider of payment solutions, cash access and ticket redemption services. This track record of excellence is over a decade old, during which time Sightline has delivered its services to hundreds of millions of patrons and almost a trillion dollars in transactions throughout the gaming and casino industries.
PricewaterhouseCoopers, the assessment and consulting firm, recently released a report which stated that Nevada’s gaming industry should fully recover by 2014. “As the global economy recovers, and international visitors return alongside domestic visitors, Nevada continues to be better placed to capitalize on the upturn than Atlantic City, since Nevada is less affected by competition from regional casino,” said Mary Lynn Palenik, director of gaming, media, communications and entertainment at PwC.
This is certainly good news for companies like Sightline Payments LLC with Kirk Sanford, and for casino lovers throughout the country.