Buy and sell locally. Craigslist has listings for slot machine for sale in the Phoenix, AZ area. Browse photos and search by condition, price, and more. Buy and sell locally. Craigslist has listings for slot machine for sale in the Phoenix, AZ area. Browse photos and search by condition, price, and more.
| Subsidiary | |
| Industry | Casino games |
|---|---|
| Founded | 1958 |
| Headquarters | , |
Key people | Bernard Shapiro |
| Parent | Century Gaming |
| Website | unitedcoin.com |
United Coin Machine Co. is an American slot route operator based in Paradise, Nevada. It operates slot machines in locations such as bars, convenience stores, and grocery stores. It is owned by Century Gaming, a Montana-based slot route operator. For many years, United Coin was the largest slot route operator in Nevada.
History[edit]
United Coin was founded in 1958.[1] Bernard Shapiro, who had owned a coin machine business in Northern California, and a small stake in the Royal Nevada casino, started the company after the Royal Nevada went out of business.[2]
Advanced Patent Technology purchased the company in 1979.[3]
In 1980, Advanced Patent reached an agreement to sell United Coin to Bristol Silver Mines Co. for $13 million in cash and stock.[4] Advanced Patent withdrew from the offer three months later, though, saying that United Coin was now 'more desirable'.[5]
In 2000, United Coin's parent, now known as Alliance Gaming, agreed to sell the company for $112 million in cash plus $6 million in preferred stock to gaming developers Michael Luzich and Daniel Kehl.[6] Alliance canceled the deal a year later due to increased profits at United Coin.[7]
In 2004, Century Gaming bought United Coin for $100 million cash plus $5 million in assumed debt.[8]
The company sold off its operations in Northern Nevada to another slot route operator in 2013, but then returned to the region in 2015, placing machines at a chain of sports bars.[9]
In July 2014, the company dropped the United Coin name and rebranded its operations in Nevada and Montana as Century Gaming Technologies.[10]
References[edit]
- ^Liz Benston (July 3, 2003). 'New owner to retain United Coin employees'. Las Vegas Sun. Retrieved 2014-06-01.
- ^Tex Maule (April 29, 1963). 'Players are not just people'. Sports Illustrated. Retrieved 2014-06-01.
- ^Robert Metz (September 3, 1980). 'Advanced Patent's future'. New York Times. – via Factiva (subscription required)
- ^'Advanced Patent says Bristol Silver Mines gets option for a unit'. Wall Street Journal. April 4, 1980. ProQuest134383954. – via ProQuest (subscription required)
- ^'Advanced Patent says SEC seeks information on stock sales'. Dow Jones News Service. July 2, 1980. – via Factiva (subscription required)
- ^'Las Vegas-based slot route operation sold for $118 million'. Las Vegas Sun. July 10, 2000. Retrieved 2014-06-01.
- ^David Strow (June 26, 2001). 'Financial turnaround prompts cancellation of slot route deal'. Las Vegas Sun. Retrieved 2014-06-01.
- ^Kevin Rademacher (July 1, 2004). 'Shake-up under way at Alliance'. Las Vegas Sun. – via Factiva (subscription required)
- ^Howard Stutz (March 3, 2015). 'Century Gaming wary of proposed new slot machine tax'. Las Vegas Review-Journal. Retrieved 2015-03-09.
- ^Howard Stutz (July 14, 2014). 'United Coin Machine changes name to Century Gaming Technologies'. Las Vegas Review-Journal. Retrieved 2015-03-09.
External links[edit]
Colonel Nase Boulevard extends from Route 7 to River Valley Drive, with six principle land owners bordering the new right-of-way. Distinct areas of development opportunities exist along the Boulevard, with high profile highway showcase lots along the main Fredericton to Saint John highway, large lot commercial developments to the south of the Boulevard and neighbourhood services along the north side of the Boulevard to serve the residential nature of the land behind. Large blocks of land are available for subdivision with services fronting the Boulevard. Interior development can proceed with creation of local street networks and extension of services to lots fronting new streets.
Subdivision By-Law
Properties adjacent to the fully serviced Boulevard have increased significantly in value. Our community Planning Act contains a provision for COST RECOVERY when lands being subdivided have the benefit of facilities previously installed and paid for by a previous Developer/Owner or Municipality (for example streets and services). Approval of a proposed subdivision cannot be granted without payment of an Infrastructure Charge calculated per metre frontage, equal to the share of the cost based on the initial cost of the facilities. A “win-win” for property owners, developers and future residents Based on an independent appraisal, land in this area had an estimated market value of $1,200 per acre, whereas the same land adjacent to the fully constructed Boulevard could now have a potential market value of $67,000 – $82,000 (or roughly $75,000) per acre. This financial gain provides the adjacent land owners with the ability to pay $451.21 per metre at the time of creating newly subdivided land adjacent to the Boulevard, instead of paying upfront costs to construct an access road to develop their own properties. The Colonal Nase Boulevard Project has enabled the adjacent land owners to market their property while contributing back to our community less than 1/3rd of the actual cost of building the Boulevard. Developers purchasing land adjacent to the Boulevard are expected to pay Fair Market Value to the land owners for their land, just as the Town did when it purchased land to build the Boulevard. Subdivision Application Fees are very reasonable, with a standard $100 fee payable at the time of making the application. No additional cost per lot is applied to the application. The same fee applies to the creation of one new lot or multiple lot/street development proposals. Applications are processed by way of review by Municipal Staff, the Planning Advisory Committee and Municipal Council.
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