Fri, Aug 27, 2010
This week the Global Gaming Business Podcast features an interview with Reese Palley, an early businessman in Atlantic City who left to sail the world after selling a hotel to Bally Manufacturing where the Bally’s Atlantic City hotel and casino is located today.
Fri, Aug 27, 2010
The Macau casinos are doing tremendous business because of the positive economic situation in China. But what happens when things turn south or the government decides enough is enough? Can you base your business on this relative uncertainty?
Fri, Aug 27, 2010
Dr. Ian Blackburne will take over as chairman of Australia’s Aristocrat Leisure Ltd. effective December 1, replacing the retiring David Simpson.
Fri, Aug 27, 2010
Harry Reid says he’s considering permitting an online poker bill to move through Congress, but his Nevada constituents aren’t happy about it.
Fri, Aug 27, 2010
Cosmopolitan Las Vegas, the newest luxury casino resort set to open mid-December on the Strip, has partnered with Marriott’s Autograph Collection, solving one of its big problems: the lack of a hotel reservation service.
Fri, Aug 27, 2010
The development company that has the right to build a casino in Cleveland has agreed to buy 16 acres near the city’s Tower City Center (l.) that would be used for the permanent casino. He has also purchased another building to serve as a temporary casino while the permanent one is built.
Fri, Aug 27, 2010
The subject of casino gaming was recently re-introduced into the discussion on Barbados. The leadership of the island’s hotel and tourism association believes the local product doesn’t need casino gambling to compete. The Barbados Hilton at left.
Fri, Aug 27, 2010
Visitation to Singapore continues to increase as both casinos (Marina Bay Sands at left) start operating on all cylinders.
Fri, Aug 27, 2010
A shortage of construction workers due to the Macau government’s restrictions on foreign employees has delayed the completion of a Las Vegas Sands project (parcels 5 and 6, l.) and threatens Galaxy Entertainment’s Cotai Strip development.
Fri, Aug 27, 2010
The latest push to establish casino gaming on Saipan came in the form of a House bill, which passed last week. However, the Senate once again appears ready to oppose casinos.
Fri, Aug 20, 2010
After nearly 300 years, the Mohegan tribe will once again see a female take the role as chief.
Fri, Aug 20, 2010
Ameristar has waited almost four years since the passing of its founder, Craig Neilsen, to put itself on the market. Was it a gamble to wait so long?
Fri, Aug 20, 2010
When banks turn them down for financing, the court of last resort for many Indian gaming tribes is the Shakopee Mdewakanton Sioux of Minnesota, owners of the Mystic Lake Casino (l.), who have loaned over $200 million in the last two years to fellow tribes.
Fri, Aug 20, 2010
Former head of Empire Resorts claims top officials at Genting New York operated without a license, and worked against his company’s best interests. Joseph Bernstein includes former Foxwoods CEO Mickey Brown (l.) in his accusations.
Fri, Aug 20, 2010
Ireland is in the process of reviewing ways to renew its obsolete gaming laws, but progress has been slow. Now, with government hurting due to the economy, a new attempt to wring taxes from existing private gaming casinos, like the Fitzwilliam Casino in Dublin, is proving too much for the ailing industry.
Fri, Aug 20, 2010
In a Macau talk show, LV Sands President and COO Michael Leven (l.) discusses the good things the company has done in Asia—and the not so good.
Fri, Aug 20, 2010
The chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Cristino Naguiat (l.), says the corporation’s Entertainment City resort complex in Manila will go forward and that he’s also considering integrated resorts in other cities.
Fri, Aug 20, 2010
Poor financial performance in a down economy and a failure of the neighborhoods surrounding it to grow has caused the M Resort in Las Vegas to fall behind in its debt. Lender Lloyds Banking Group drew a dozen bidders when it put the casino resort up for auction last month.
Sat, Aug 14, 2010
This week, the Global Gaming Business Podcast features an interview with Rob Wyre, the general manager of the Isle of Capri Casino in Pompano Park racetrack in Florida, on the effects of the just-passed tax reduction that was linked to the Seminole tribe’s gaming compact with the state.
Fri, Aug 13, 2010
The AGA has announced that the late Tim Parrott, former CEO of Shuffle Master and Aristocrat Technologies, will be inducted into the Gaming Hall of Fame at G2E in November.
Fri, Aug 13, 2010
The bill that would regulate online gaming in the U.S. has finally escaped subcommittee and is headed to the House and Senate. But supporters believe it will need the seal of approval from Nevada Senator Harry Reid (l.) in order to cross the finish line alive.
Fri, Aug 13, 2010
The final environmental impact statement by the Bureau of Indian Affairs for the Confederated Tribes of the Warm Springs application to put land into trust for a casino has identified the town of Cascade Locks on the Columbia River Gorge (L.) in Oregon as the best site.
Fri, Aug 13, 2010
Is business travel going to be the first harbinger of an improved environment in Las Vegas? Some of the numbers suggest it is.
Fri, Aug 13, 2010
U.S.-based gaming company hires an investment bank to weigh options on a sale of the company, while results from its Black Hawk, Colorado, casino (l.) are improving.
Fri, Aug 13, 2010
Kansas is trying for a third time to pick a developer to build and operate a state-owned casino in Sumner County. Last week the county commission heard from three applicants.
Fri, Aug 13, 2010
Australian gaming concern Tabcorp and CEO Elmer Funke Kupper (l.) seem intent on making the best of a bad situation. Facing the loss of non-casino slot revenue after 2012, the multi-sector operator is focusing on its casino business.
Fri, Aug 13, 2010
The casino owned by Genting Bhd in Singapore, Resorts World Sentosa (l.), has blown all revenue estimates out of the water with its second quarter report.
Fri, Aug 13, 2010
Philippine businessman offers $10 billion for the PAGCOR casinos, as the nation’s new president, Benigno Aquino III, ponders the sins of the previous administration and the privatization of the federally owned corporation. PAGCOR Chairman and CEO Cristino L. Naguiat, Jr. (l.) is currently investigating licenses and contracts entered into in the past 10 years.
Sat, Aug 07, 2010
The 8th Annual Gaming and Technology Awards will be presented once again at G2E in November. A call for nominations went out today for products and services that will be recognized as the “best of show” at G2E. At left, Bally receives a first-place award from last year's program.
Sat, Aug 07, 2010
While a bill to legalize online gaming last week reached as far in the legislative process as any bill has so far, the hurdles that it still has to overcome are daunting.
Sat, Aug 07, 2010
A federal court decision that in 2006 removed the National Indian Gaming Commission from much of its enforcement role for Class III gaming is a cause for concern, says Phil Hogen (l.), a former NIGC chairman.
Sat, Aug 07, 2010
Democrats hold the first in a series of meetings designed to create the perception that they are as concerned about the future of Atlantic City as is Governor Chris Christie, who wants his “Hanson Report” implemented.
Fri, Aug 06, 2010
Second quarter earnings for two of gaming’s largest companies were not impressive, but some other news makes the bad report easier to take. MGM Grand Macau (l.) is refinanced, giving the company more room to maneuver in Asia and the U.S.
Fri, Aug 06, 2010
With the withdrawal of Boyd Gaming in late July as a bidder for a group of properties owned by bankrupt Station Casinos, a proposal from the Fertitta brothers (l.) was the highest bid. An August 27 court hearing could turn the former Station Casinos over to them and their lenders.
Fri, Aug 06, 2010
Gaming in Massachusetts appears dead for this year after a face-off between Governor Deval Patrick (l.) and the legislature left a gaming bill requiring CPR by special session to revive it.
Fri, Aug 06, 2010
The rivalry with Australian casino operator Crown is one driving force behind the latest additional commitment by Tabcorp to upgrade its Sydney casino. Another is the need to replace a few hundred million in revenue from non-casino operations that will be gone in a couple of years.
Fri, Aug 06, 2010
Genting, the Malaysian company that operates Genting Highlands (l.) near Kuala Lumpur, which stood alone in the last round of bidding for the Aqueduct racetrack casino, gets the thumbs-up from the New York Lottery Division.
Fri, Jul 30, 2010
This week, the Global Gaming Business Podcast features an interview with Atlantic City Mayor Lorenzo Langford on the state of the city and how he’s planning to use all help necessary—including casino executives—to help the revitalization of the city.
Fri, Jul 30, 2010
Combination of two powerhouses will create online gaming’s largest company, dominating the poker, casino, sports betting and bingo spaces. Jim Ryan (l.), PartyGaming CEO, will share CEO duties in the new company with Bwin head Norbert Teufelberger.
Fri, Jul 30, 2010
Are older gamblers a market casinos can count on or will decreasing home values affect their disposable income?
Fri, Jul 30, 2010
The long-awaited “fix” to the Supreme Court decision Carcieri v. Salazar was inserted into a appropriations by adopted by a House subcommittee last week. Even if passed in the House, Senate action is more questionable. Rep. Tom Cole (l.), the only Native American member of Congress, calls the move “significant.”
Fri, Jul 30, 2010
The Fertittas come out of the bankruptcy in good shape as they own part of several of the spinoffs that come out of the final deal. In the end, the Fertitta brothers should remain in control of some of the major assets, including Red Rock Casino Resort in Las Vegas (l.).
Fri, Jul 30, 2010
Maybe the third time is the charm and Kansas receives three bids from prospective operators for a casino in the state’s south-central zone. Four years later, only one casino is operating in Kansas, the Boot Hill casino in Dodge City.
Fri, Jul 30, 2010
Lawmakers call for a summit to assess Governor Chris Christie’s recently disclosed agenda, which would restrict gaming to Atlantic City and mandate state oversight of the island resort. At left, Christie addresses a press conference announcing his plans while the city’s movers and shakers look on.
Fri, Jul 30, 2010
Intercity Group wants to bring a major gaming operator in to run the casino, which will be located in the area of the Angor Wat temples (l.).
Fri, Jul 30, 2010
Two rival properties change leaders as competition heats up on the Cotai Strip. Greg Hawkins (l.) exits City of Dreams and Steve Jacobs gets fired from Sands China and its Macau properties.
Fri, Jul 30, 2010
Massachusetts politicians reach a compromise on the proposed casino bill, but a measure to approve slots at two state racetracks likely dooms the bill to a veto. House Speaker Robert DeLeo and Governor Deval Patrick (forward) are the key players.
Mon, Jul 26, 2010
Steve Jacobs (l.) exits as clashes with Las Vegas Sands Chairman Sheldon Adelson make his departure inevitable. LVS COO Michael Leven takes over on an interim basis and former president, Steven Weaver, returns.
Sat, Jul 24, 2010
Philippine President Benigno Aquino (l.) said he’s open to a possible sell off of the Philippine Amusement and Gaming Corp. (PAGCOR) but first need to get it into shape.
Fri, Jul 23, 2010
Turning a former landmark theater in the heart of London into a successful casino is a bold undertaking. Developer and bingo hall operator Simon Thomas thinks he and his father have the right formula to do just that.
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