Highlights of the third day included:
THE MAGIC OF PLAYING TO WIN: FEATURING EARVIN "MAGIC" JOHNSON
Legendary Basketball Hall of Famer Earvin "Magic" Johnson greeted guests on Day 4 of G2E with an inspiring message on achieving success in any field. As chairman and CEO of Magic Johnson Enterprises, Johnson detailed how he transitioned his skills on the court into becoming a champion business mogul who has transformed industries such as esports, professional sports, entertainment and more. Johnson shared that keys to success include over-delivering to customers, prioritizing analytics to find trends and always keeping up with changes in gaming and regulations.
MAXIMIZE BRAINOMICS: THE ECONOMIC GAINS FROM ADVANCING INNOVATIVE THINKING
Neuroscientist Dee O'Neill -- program manager for corporate SMART, Brain Performance Institute at the Center for Brain Health -- spoke with guests on how innovative thinking is pivotal for business success. O'Neill challenged the audience to think about creating personal and professional healthy brain habits, including exercise, nutrition, sleep, cognitive engagement and social engagement. The leader encouraged guests to observe three strategies: "Brainpower of Infinite," listening to others and incorporating their ideas; "Brainpower of Paradox," reflecting personal success and failures; and "Brainpower of the Unknown," cultivating curiosity and challenging complacency by asking questions. These suggestions can help to create a positive work environment.
THE EXPANSION OF INNOVATION
Dr. Mark Yoseloff, executive director of UNLV's Center for Gaming Innovation, sees a big problem with the current state of casinos: the industry has not created any new categories of gaming in 15 years. While the offerings surrounding casinos have evolved and attracted new customers, Yoseloff noted the casino floor itself is stuck in a standstill due to a complete lack of innovation, resulting in millions of Las Vegas visitors never gambling one penny. The gaming industry needs to engage the underserved gamer. Yoseloff pointed out that everyone plays games -- such as dominoes, backgammon, mahjong and more -- and the gaming industry can begin to move the needle once again by accommodating and monetizing these already popular categories. The address to dozens of spectators at G2E's Innovation Lab concluded that Las Vegas must challenge itself to innovate and patent so the city can solidify itself as the intellectual capital of the world for gaming.
SKILL-BASED GAMING MEDIA PANEL
Representatives from Konami, Gamblit, GameCo, MGM Resorts International, Gaming Laboratories International and more gathered to discuss the advent of skill-based gaming on the casino floor. Many manufacturers are developing and showing skill-based games at G2E this year as casino floors begin to open up space to them. Panelists discussed the keys to making these games successful in attracting traditional gamers and onboarding new net-revenue casino players. First, the crowd needs to be educated how to play the games. Second, they need to represent the original games on which they're based. Third, fairness and balance need to be established to deter sharks and entice unskilled players. Finally, and most importantly, panelists agreed that interactive tutorials showing players how to engage and win will be key. This is all critical as panelists agreed that putting differential products on the floor brings in incremental revenue to casinos.
BUSINESS OF SPORTS BETTING: GLOBAL PERSPECTIVE ON INTEGRITY, REGULATION AND OPPORTUNITY
The session examined the potential opportunity a legal, regulated, nationwide sports-betting market represents for the country, in addition to what integrity structures and systems need to be put in place to make it effective. Following a discussion about New Jersey's Supreme Court Case regarding PASPA, panelists segued into their thoughts on regulation. Some agreed that Nevada's model presents a gold standard and a starting point for other states to model, while one panelist argued there should be federal centralization of regulatory laws to prevent discrepancies between jurisdictions. Overall, the sports betting market
is worth $3 trillion, and only 10% is regulated. The potential for billions of dollars and thousands of jobs marks a huge opportunity in the industry with the legal regulation of sports betting.
CASINO ENTERTAINMENT AWARDS
It was a start-studded affair as entertainers from near and far gathered to celebrate the 5th Annual Casino Entertainment Awards on Wednesday evening. The show went on as guests came together to support the Las Vegas community with commemorative #VegasStrong pins. In addition, the legendary Carlos Santana surprised the crowd with a memorable serenade
to honor Sunday's victims. The biggest winners of the night included Clint Homes, entertainer of the year, and The Isley Brothers, musical artist of the year. The night also honored comedian Rita Rudner, in addition to Mark Prows, senior vice president of entertainment operations for MGM Resorts International. Other attendees included The Village People, Kevin Burke, The Ink Spots, Murray Sawchuck and more.