Sat, Nov 28, 2009
The enforcement of the Unlawful Internet Gambling Enforcement Act (UIGEA) regulations is delayed for six months, as hopes rise that new legislation will blunt any negative effect of the bill. Michael Waxman (l.), a spokesman for Safe and Secure Internet Gambling Initiative, says the delay should give Congress time to consider a solution.
Sat, Nov 28, 2009
Gaming industry veteran Carl Icahn recently became the stalking horse bidder in the Fontainebleau bankruptcy case after outbidding Penn National Gaming for the troubled Las Vegas property.
Sat, Nov 28, 2009
The Asian IPO by Las Vegas Sands has come in a the low range of expectations, attracting more than $2.5 billion, but failing to reach the hoped-for level of $3.4 billion. Proceeds will be dedicated to paying down debt and re-starting construction on the LV Sands Cotai Strip development in Macau, according to Chairman Sheldon Adelson.
Sat, Nov 28, 2009
The financial problems of Dubai World will impact the fortunes of the banking industry much more so than it will the gaming industry, where the company is half-owner of MGM Mirage’s CityCenter, scheduled to open next month on the Las Vegas Strip.
Sat, Nov 28, 2009
Despite hopes that Obama will soon OK off-reservation casinos, St. Regis Mohawks vote against moving forward with Sullivan County resort. News sends Empire Resorts stock tumbling. The company currently operates a small slot parlor at Monticello Raceway.
Sun, Nov 29, 2009
Three gaming legends were honored at G2E last week, starting with the son in a father-son combination, Michael Gaughan, who joins is father Jackie Gaughan in the prestigious group. Others receiving accolades at the show were MGM Mirage’s Alan Feldman and Wynn Design & Development’s Roger Thomas. And don't miss the link to photos from the industry's most comprehensive conference.
Sat, Nov 28, 2009
The Interior Department’s deputy assistant secretary for Indian affairs, George Skibine (l.), says alternatives are being examined in the event that bills being considered to “fix” the Supreme Court’s Carcieri decision are not successful.
Sat, Nov 28, 2009
After the Bulgarian legislature limits taxation on the casino industry to 12 percent, Prime Minister Boyko Borisov (l.) imposes his preferred 15 percent figure.
Sun, Nov 29, 2009
This week, the Global Gaming Business Podcast features an interview with Bob Boughner, the president and CEO of the Borgata Casino Hotel & Spa in Atlantic City, on the future of the city and the difficulties it faces because of surrounding competition, the economy and a partial smoking ban.
Sun, Nov 29, 2009
G2E may have been a seminal moment in the industry for the next few years. Optimism and morale have improved over the last couple of shows, while technology seems to be the driving force.
Sat, Nov 28, 2009
Struggle for control of the Trump Atlantic City casino empire is not over after all, says poker player and Trump pal Andy Beal (l.). He plans to challenge the bondholders’ plan to take over the company, which was endorsed by Donald Trump two weeks ago.
Sat, Nov 28, 2009
Given the Vietnamese government’s awarding of casino licenses in recent years, it may come as a surprise to learn the country has no system of regulation to oversee them—or even the authority to grant licenses. That minor detail is in the process of being corrected. And construction on the first casino resorts has begun on the Ho Tram Strip (l.).
Sat, Nov 28, 2009
A Catholic bishop in the Philippine province of Pampanga last week charged that PAGCOR has reneged on a deal that would have limited casino gaming in the province to two sites.
Mon, Nov 30, 2009
The relative calm experienced by Goa’s casino ships in recent weeks has been broken by a chance meeting of police and journalists and an apparently unintended equating of casinos and houses of worship.
Mon, Nov 30, 2009
The closing of another London casino brings with it the loss of another 100 jobs. But apparently the writing has been on the wall for Ladbrokes Paddington Casino for almost two years now.
Sat, Nov 28, 2009
With 2009 revenue looking to finish down 20 percent on the previous year, Spain’s non-lottery gaming sector is in crisis. Relief will come only when people feel comfortable enough to return to their free-spending ways, according to one insider.
Sat, Nov 28, 2009
The Polish government is reacting to a recent ministerial scandal by going after the gaming sector. The quick action may result in drastically changing the face of gaming in Poland, starting with the removal of "street slots" (l.).
Sat, Nov 28, 2009
Overcoming a seedy image in the mind of the general public has been a constant battle for casino operators in the U.K. Rank Group is using an entirely new casino brand to help speed up the process.
Sat, Nov 28, 2009
While most of the attention has gone to Asia’s mega-projects in recent years, Latin America has been experiencing its own gaming mini-boom. Some developers are looking to continue the trend.
Sat, Nov 28, 2009
Penn National Gaming's new advisor is Russell Simmons (l.), founder of De Jam Recordings. With minorities prominent in the bidding, the Queens native could be a persuasive ally.
Sat, Nov 28, 2009
Pennsylvania lawmakers say they could vote on a bill to set table game rules and tax rates as soon as December 7, with a compromise that will guarantee a good return for casino operators.
Sun, Nov 29, 2009
A partnership of developers is buying riverfront land in Wilmington, Delaware, contingent on state lawmakers approving additional casinos for the state.
Sun, Nov 29, 2009
As the Station Casinos bankruptcy case continues to unfold, bankruptcy Judge Gregg Zive rejected a request to appoint an examiner to study the bankruptcy, and also rejected a request for the appointment of a second firm to study the 2007 deal that took the company private.
Sun, Nov 29, 2009
Newly approved deal changes valuation of casino, enabling investors to sidestep a hefty tax bill when they sell.
Sat, Nov 28, 2009
The $200 million Country Crossing, which debuted December 1, could close if anti-gaming Governor Bob Riley presses forward with plans to eradicate electronic bingo throughout the state.
Sun, Nov 29, 2009
Bondholders in the Herbst Gaming bankruptcy case are unhappy with the terms of a reorganization that would eliminate $362 million in debt.
Sun, Nov 29, 2009
Four new casinos for the Iowa market is probably too many for the state’s $1.4 billion gaming industry, according to the members of the Iowa Racing and Gaming Commission who have been asked to react to the requests from Fort Dodge, Ottumwa, Tama County and Lyon County.
Sun, Nov 29, 2009
The Nevada Gaming Control Board, hesitant to trust third party, unlicensed operations associated with casinos, is considering establishing regulations of independent contractors who write code for slot machines.
Sun, Nov 29, 2009
Ted Arneault (l.), the former CEO who for over a decade was the face of Mountaineer (MTR) Gaming in West Virginia has sued his former employer over hundreds of thousands of dollars he says it owes him.
Sun, Nov 29, 2009
Millennium Gaming and principal Bill Wortman (l.), who would like to add 5,000 slot machines to Salem’s Rockingham Park, wined and dined 20 New Hampshire lawmakers last week to try to sell them on the idea.
Sun, Nov 29, 2009
When the Twin River casino’s managers and owners, BLB Investors, declared bankruptcy, they may have violated their contract with the state, according to a Rhode Island state senator, who wants an investigation.
Sun, Nov 29, 2009
The owner of New Mexico’s Ruidoso Downs Racetrack says he can’t make a profit at that little mountain town and needs to move to the larger, more centrally located Las Cruces—unless he can get a deal on his state tax rate.
Sun, Nov 29, 2009
Golden Nugget owner Landry’s Restaurants Inc.’s CEO Tilman Fertitta says he doesn’t plan to slash room rates to draw tourists to the hotel’s new tower.
Sun, Nov 29, 2009
While there is a lull in the Massachusetts legislature’s activities to bring a gaming bill to the floor of both houses next year, local communities that may be targeted by casino expansion are not letting the grass grow under their feet.
Sun, Nov 29, 2009
A Northern Nevada developer is planning to demolish the old Tahoe Biltmore in Crystal Bay and build a new, environmentally friendly, upscale resort.
Sat, Nov 28, 2009
The potential that the Obama administration could begin to approve off-reservation gaming has some communities and anti-gaming activists up in arms as projects in California, Michigan and Oregon move forward.
Sat, Nov 28, 2009
Foreign investors now earning more from Foxwoods and Mohegan Sun than the tribes themselves, according to analysts; tribes expanded too far, too fast, for almost 10 years. Slot floor at Mohegan Sun (l.).
Sat, Nov 28, 2009
Seventy percent of patrons at Seneca Allegany come from Ohio and Pennsylvania. That could change when Ohio's four largest cities open their own casinos in 2012.
Sat, Nov 28, 2009
A Wisconsin tribe that owns over a quarter interest in the Grand Soleil LLC may have lost $8 million in investments it helped make in a casino boat that the LLC has sold at a loss.
Sat, Nov 28, 2009
The Choctaw Nation has shut down Oklahoma’s Blue Ribbon Downs in Sallisaw, but has also resisted efforts by several other parties to buy it. The horsemen who make a living there want to do something about it. But what?
Sun, Nov 29, 2009
After concluding his seven-year tenure as chairman of the National Indian Gaming Commission, Phil Hogen announced that he plans to join Minnesota law firm Jacobsen Buffalo Magnuson Anderson & Hogen P.C.
Sat, Nov 28, 2009
D. Brett Hale is going to bring his extensive lobbying experience to Churchill Downs as the issue of legalizing online gaming heads for a showdown.
Sun, Nov 29, 2009
Former Seminole Hard Rock President Michael Bloom is transferring from his general manager position at Isle Casino & Racing in Pompano Beach to another Isle property in Lake Charles, Louisiana.
Sun, Nov 29, 2009
Ameristar’s East Chicago casino has selected Pete Savage, an experienced gaming and finance guru, to run operations as the property’s new senior vice president and general manager.
Sun, Nov 29, 2009
Governor Ed Rendell has named Philadelphia lawyer Kenneth Trujillo to the Pennsylvania Gaming Control Board to replace the Sanford Rivers.
Sun, Nov 29, 2009
Former Centaur Gaming president is line to assess slot parlor's future. He would earn $30K per month to commute from Indiana to Rhode Island.
Sun, Nov 29, 2009
The winners were announced at G2E for 8th Annual Global Gaming Business Gaming & Technology Awards, with Bally Technologies taking a lion’s share of the awards.
Sun, Nov 29, 2009
The Greektown Casino-Hotel in Detroit has implemented Bally Business Intelligence solutions for data analysis and player interaction.
Mon, Nov 30, 2009
One of the largest, mixed-use leisure projects in the Asian Pacific region will be getting its gaming chips from American-European concern Gaming Partners International.
Sun, Nov 29, 2009
The ATM supplier has agreed to pay $1 million to the state of Arizona to settle a dispute over Visa interchange fees, in exchange for renewal of its state license.
Sun, Nov 29, 2009
Slot manufacturer Aristocrat Technologies has launched the first two games produced under a co-development agreement with Sega Corporation, and a Kentucky Derby slot with Churchill Downs.
Sun, Nov 29, 2009
Lottomatica slot-manufacturing subsidiary Spielo has chosen TransAct’s Epic 950 printer as exclusive equipment for ticket-in/ticket-out applications in its VLTs in Italy.
Sun, Nov 29, 2009
Apex Gaming Technology is the latest of the Central and Eastern European suppliers to discover the opportunities provided by the comparatively vibrant Latin American market.
Sun, Nov 29, 2009
The leading Nevada route operator has agreed to provide JCM bill validator equipment exclusively in its products, and to specify the vendor in orders to manufacturers.
Sat, Nov 28, 2009
Players Network has launched a web site and partnered with online retailer Amazon to distribute its products and increase brand awareness.
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