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PHOENIX, Jan. 4, 2021 /PRNewswire/ — The COVID-19 pandemic has coincided with more do-it-yourself movers leaving densely populated U.S. areas, specifically New York City and the San Francisco Bay Area, according to a U-Haul® special report analyzing migration trends from 2020.

U-Haul transaction data also reveals Americans are moving again in growing numbers, and have been since May.

In addition to its annual growth states and growth cities rankings and reports, U-Haul considered the potential influence the virus had on self-movers, and looked at regions where overwhelming demand for one-way U-Haul trucks mirrored consistent out-migration.

«While some people were hesitant to move during shelter-in-place mandates, those who moved were doing so out of necessity,» U-Haul President John «J.T.» Taylor said. «We have been open and available to help all along as an essential service provider. As 2020 went along, we saw that more and more individuals and families recognized they can move safely.»

From the time that President Trump declared the pandemic a National Emergency in March, the 30 most populated U.S. cities (based on 2019 Census estimates) all witnessed more U-Haul trucks departing than arriving over the next three months. This indicated customers who were able to move, on the whole, were looking to escape urban cores for less-crowded destinations.

The Bay Area and New York City were among the most prevalent out-migration markets in U.S. during this three-month period – and throughout 2020.

San Francisco was a slight growth city in 2019, with more U-Haul trucks entering the city than leaving it. But in 2020, San Francisco was the epicenter of the Bay Area’s exodus. Departures accounted for 58% of all one-way U-Haul traffic from March through June. Limited fleet inventory prevented the numbers from being more lopsided in favor of departures. The ratios in San Jose and Oakland were similar.

For the entire Bay Area, arrivals from March-December 2020 dropped 31% year-over-year, while departures tapered by just 12% from their 2019 pace to create the disparity of more trucks going out than coming in.

Like San Francisco, New York City welcomed more self-movers than it bid farewell in 2019. That migration trend reversed in 2020. Severe stagnation occurred during the shutdown. From March to June, arrivals to the five boroughs plummeted 58% year-over-year, while departures were curbed only by limited fleet inventory as trucks left the city.

From March-December 2020, U-Haul arrivals to New York City were down 35% year-over-year.

LEAVING NEW YORK CITY

Top destination cities for U-Haul customers leaving New York City during the pandemic include Bridgeport, Poughkeepsie and New Haven. Outside the Northeast, the top destination is Chicago in the Midwest and Atlanta in the South.

The top 10 states DIY movers from New York City are migrating to are: New York (outside NYC); New Jersey; Pennsylvania; Connecticut; Massachusetts; Virginia; Maryland; Florida; Rhode Island; and North Carolina.

LEAVING THE BAY AREA

Top destination cities for U-Haul customers leaving the Bay Area during the pandemic include the Sacramento/Roseville corridor, San Diego and Stockton. Outside of California, the top destinations are Reno, Las Vegas, Portland, Phoenix and Seattle.

The top 10 states DIY movers from the Bay Area customers are migrating to are: California (outside the Bay Area); Nevada; Arizona; Oregon; Washington; Colorado; Texas; Utah; Idaho; and New Mexico.

PEOPLE ARE MOVING AGAIN

Self-moves sputtered in April when shutdowns across the country generated uncertainty. But starting in May, one-way U-Haul truck rentals began to rise with each passing month. May is traditionally the start of the summer moving season, with nearly half of all household moves occurring between Memorial Day and Labor Day weekends.

2020 REBOUND: SELF-MOVES SURGE AFTER U.S. SHUTDOWN

Taylor noted that contactless business options like U-Haul Truck Share 24/7® with built-in social distancing protocols, and enhanced equipment sanitation, reassure customers about using U-Haul. There is also the added appeal to a self-move during the pandemic, minimizing exposure from others during the process of relocating one’s family and belongings.

SIGNIFICANT SAMPLE SIZE

Migration trends data is compiled from more than 2 million one-way U-Haul truck-sharing transactions that occur annually. U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces, offering a comprehensive overview of where people are moving like no one else in the industry.

U-Haul, headquartered in Phoenix and celebrating 75 years in business, releases its growth cities and growth states rankings and reports each January to recap the past year. Find those releases and more at myuhaulstory.com.

About U-Haul

Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of 22,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Our customers’ patronage has enabled the U-Haul fleet to grow to approximately 176,000 trucks, 127,000 trailers and 41,000 towing devices. U-Haul offers nearly 774,000 rentable storage units and 66.7 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry, and is the largest retailer of propane in the U.S.

Contact:

Jeff Lockridge
Sebastien Reyes
E-mail: publicrelations@uhaul.com
Phone: 602-760-4941
Website: uhaul.com

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SOURCE U-Haul

LAS VEGAS, Jan. 4, 2021 /PRNewswire/ — Aristocrat Technologies, Inc. has launched its Aristocrat Future Leaders (AFL) program. AFL features a comprehensive educational track that creates a unique opportunity for recent graduate students in the United States to learn the land-based gaming industry from the leading slot manufacturer.

The AFL rotational program offers full-time job opportunities for recent college graduates. In this role, participants will rotate through a variety of major commercial departments including finance, operations, marketing, and others. Each graduate will spend approximately eight months in each department for an immersive educational experience. The rotational program offers competitive benefits and compensation sure to attract nationwide applicants.

«We’re excited to invest in the future of gaming with the introduction of Aristocrat Future Leaders,» said Hector Fernandez, president of Aristocrat Gaming™. «By prioritizing education and placing the gaming supplier industry at the forefront of career opportunities, we look forward to welcoming top talent that will grow their career with Aristocrat for the long term.»

The AFL Class of 2021 starts with Aristocrat today. Email AFL@aristocrat.com to inquire about future opportunities in the program. For information about Aristocrat Gaming, visit www.aristocratgaming.com.

ABOUT ARISTOCRAT TECHNOLOGIES INC.
Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ASX: ALL), a global games leader with more than 6,000 employees. The company is licensed in over 300 gaming jurisdictions, operates in more than 90 countries, and offers a unique blend of products and services. The company is the leading designer, manufacturer and distributor of Class III games as well as Class II Innovations for Native American casinos and emerging markets. The company’s mission is to bring joy to life through the power of play. Its values are rooted in creativity and technology, and the company has a rich history of innovation that has shaped the gaming industry over many decades. For further information, visit the company’s website at www.aristocrat-us.com. 

Media Contacts: 
Aristocrat Technologies
Paul Speirs-Hernandez, paul@steinbeckcommunications.com
Meghan Sleik, Meghan.Sleik@aristocrat.com

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SOURCE Aristocrat Technologies Inc.

LAS VEGAS, Jan. 4, 2021 /PRNewswire/ — 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE UK’S CITY CODE ON TAKEOVERS AND MERGERS (THE «CODE»). THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE

MGM Resorts International (NYSE: MGM) (the «Company» or «MGM») is aware of  the announcement by Entain plc («Entain»), its partner in the U.S. sports betting and iGaming market, regarding a possible offer by the Company for the entire issued and to be issued share capital of Entain.

The Company confirms that it has proposed an offer of 0.6 MGM shares for each Entain share, which, based on closing prices on December 31, 2020, represents a value of 1,383 pence per Entain share and a premium of 22% to Entain’s share price.  Under the terms of the proposal, Entain shareholders would own approximately 41.5% of the combined company.  The Company has also indicated that a partial cash alternative could also be made available to Entain shareholders. In addition, IAC, the Company’s largest shareholder, has indicated it would potentially fund a portion of the partial cash alternative through a further investment in MGM.

The Board of Entain has stated that it believes the proposal undervalues Entain but has also asked the Company to provide additional information in respect of the strategic rationale for a combination of the two companies. MGM believes both its proposal and the strategic rationale for the combination are compelling and looks forward to engaging with Entain on this basis. In particular, the Company believes that a combination with Entain would:

• Deliver full control of the BetMGM business to leverage the rapidly growing U.S. iGaming and sports betting opportunity
• Position the Company as a global gaming company across both online and retail with a leading end-to-end technology stack
• Expand and diversify the Company’s operations, product offerings and earnings
• Position the combined Company for future growth and investment by leveraging its leading brands, leading technology platform and strong balance sheet

There can be no certainty that any offer will be made for Entain.

In accordance with Rule 2.5 of the UK’s City Code on Takeovers and Mergers (the «Code»), the Company reserves the right to:

1. vary the form and/or mix of the consideration described in this announcement; and
2. make the offer on less favourable terms:
1. with the recommendation or consent of the Board of Entain;
2. if Entain announces, declares or pays any dividend or any other distribution to shareholders, in which case the Company will have the right to make an equivalent reduction to the proposed price;
3. if a third party announces a firm intention to make an offer for Entain on less favourable terms than its proposal; or
4. following the announcement by Entain of a whitewash transaction pursuant to the Code.

The Company does not intend to comment further on this or other rumors or speculation.

*     *      *

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The Company’s 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its «Focused on What Matters: Embracing Humanity and Protecting the Planet» initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on Twitter as well as Facebook and Instagram.

* * *

Statements in this release that are not historical facts are «forward-looking» statements and «safe harbor statements» that involve risks and/or uncertainties, including those described in the Company’s public filings with the SEC. The Company has based forward-looking statements on management’s current expectations and assumptions and not on historical facts.  Examples of these statements include, but are not limited to, statements the Company makes regarding the expected benefits of any transaction. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the continued impact of the COVID-19 pandemic on the Company’s business, the general economic conditions and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company’s Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

Important notices

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, subscribe for or otherwise acquire, or to sell, transfer or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise.

The release, publication or distribution of this announcement in, into or from jurisdictions outside the United States or the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.  Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

Disclaimer

PJT Partners (UK) Limited («PJT Partners») which is authorised and regulated by the Financial Conduct Authority in the United Kingdom is acting exclusively for MGM and no one else in connection with the matters described herein and will not be responsible to anyone other than MGM for providing the protections afforded to clients of PJT Partners or for providing advice in connection with the matters described herein. Neither PJT Partners nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of PJT Partners in connection with this announcement, any statement contained herein or otherwise.

Disclosure requirements of the UK’s City Code on Takeovers and Mergers (the «Code»)

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person’s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel’s website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel’s Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

Disclosure under Rule 26.1 of the Code

In accordance with Rule 26.1 of the Code, subject to certain restrictions relating to persons resident in restricted jurisdictions, a copy of this announcement will be available at MGM’s website (investors.mgmresorts.com) no later than 12 noon (London time) / 7 a.m. (New York time) on 5 January 2021 (being the business day following the date of this announcement). The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

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SOURCE MGM Resorts International

SOUTHFIELD, Mich., Jan. 4, 2021 /PRNewswire/ — Park West Gallery, the world’s largest art dealer, is further expanding its global footprint with the opening of a major new museum and art gallery at Caesars Palace in Las Vegas.

Located inside the luxurious Forum Shops at Caesars (known as «The Shopping Wonder of the World»), the Park West Fine Art Museum & Gallery brings a world-class collection of art to the Las Vegas Strip. The new location will be hosting curated museum exhibitions highlighting some of the greatest artists in history while also offering curious collectors access to exciting new works from many of today’s hottest artists.

«Everything in Vegas has to be bigger, better, and more beautiful than anywhere on Earth,» said Park West Founder and CEO Albert Scaglione. «Our collection at the Park West Museum & Gallery Las Vegas will be second to none with everything from emerging artists to one-of-a-kind paintings by Renoir, Chagall, Picasso, and more. There’s no charge for admission and we can’t wait for tourists and locals alike to experience these fantastic works of art in person.»

The Park West Fine Art Museum & Gallery will be showcasing nearly 1,000 works every day—the gallery collection includes artwork ranging in price from a few hundred dollars to over one million dollars. As visitors tour the museum collections, they will encounter original masterworks created by icons like Salvador Dali, Toulouse-Lautrec, and Pablo Picasso. (Park West currently has the largest collection of Picasso’s ceramic works on display anywhere on the planet.) In the gallery collection, guests can browse Park West’s vast selection of art for sale and even take home original works by famed artists like Peter Max, Mark Kostabi, Nano Lopez, Kre8, or Las Vegas native Michael Godard.

Founded in 1969, Park West Gallery has introduced over three million clients to the joys of collecting art at luxury travel destinations around the globe. According to Park West’s Executive Vice President John Block, that made Las Vegas «a natural fit for our next expansion. It’s a marvelous city, one of the most beloved cities in the world, which is no doubt why the NFL, NHL, and so many great companies and people have invested here. We love Las Vegas and Park West has been hosting events here for decades, so we’re incredibly excited to now call Vegas ‘home.'»

To celebrate the opening of the Park West Fine Museum & Gallery, the location is currently hosting the traveling museum exhibition «From Renoir to Kostabi,» which spans centuries and highlights artwork ranging from 15th-century illuminated manuscripts to original creations by renowned artists like Pierre-Auguste Renoir, Henri de Toulouse-Lautrec, Pablo Picasso, Marc Chagall, Marcel Mouly, and Mark Kostabi.

The Park West Fine Museum & Gallery is located at The Forum Shops at Caesars Palace, 3500 Las Vegas Blvd, Las Vegas, NV 89109. The current hours of operation are 10 am to 10 pm and you can learn more at http://www.parkwestvegas.com or by calling 702-866-0001. You can find more information about visiting The Forum Shops at Caesars Palace Las Vegas Hotel & Casino at https://www.caesars.com/caesars-palace/things-to-do/forum-shops

About Park West Gallery

Park West Gallery is the world’s largest art dealer, bringing the experience of collecting fine art to more than 3 million customers since 1969. Whether it’s masterpieces from history’s greatest artists or the latest artwork from leading contemporary icons, Park West offers something for everyone through its accessible art exhibitions and auctions all over the world. You can learn more about Park West Gallery and its over 50-year history at http://www.parkwestgallery.com

Park West also hosts live-streaming online art auctions every weekend. To learn more about Park West’s online collecting events, visit https://www.parkwestgallery.com/online/

CONTACT: Tom Burns
tburns@parkwestgallery.com

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SOURCE Park West Gallery