Fri, Apr 22, 2011
The Vancouver city council rejected the relocation of Paragon’s Edgewater Casino to a site near the BC Place stadium complex (rendering above), bowing to public pressure, rejecting hundreds of jobs and millions in additional tax revenues, as well as the argument that a first-class city needs a first-class casino.
Fri, Apr 22, 2011
“Black Friday,” the day of the indictment of three online poker sites, has had an immediate impact on everyone involved—and those not. The companies immediately lost market share, gained by their competitors. The federal government released the websites but only to allow the company to refund money to players. The land-based industry pulled back from its online competitor. And legislation to legalize online poker at the federal level has stalled.
Fri, Apr 22, 2011
Singapore continues to impress industry analysts with its ability to book ever-increasing gaming revenue. With the exception of one or two potential stumbling blocks, the two integrated resorts there are on course to surpass the Las Vegas Strip this year.
Fri, Apr 22, 2011
The awarding of a new London casino license to Aspers Group is being challenged in court. The new large casino as defined under the 2005 Gaming Act is intended to promote regeneration of an area, but competing bidder Great Eastern says the regeneration aspect of the Aspers plan falls short.
Fri, Apr 22, 2011
The Sands Casino Resort in Bethlehem, Pennsylvania, conducted a tour of the hotel it will open in May. Facilities include several restaurants as well as the first Italian outlet opened by star chef Emeril Lagasse (l.).
Sat, Apr 23, 2011
The new state-sponsored tourism district is seen as the first step on Atlantic City’s road to recovery. The boundaries outlined at a board meeting last week include the entire Boardwalk, the Marina District, Bader Field and some of the back bay waterfront.
Fri, Apr 22, 2011
That’s the word from insiders, who say the Shinnecock tribe could build an off-reservation gaming hall at the sports arena, plus one closer to home in the Hamptons.
Fri, Apr 22, 2011
The Philippines integrated resort project Belle Grande Manila Bay is now expected to open in the second half of 2012 rather than the fourth quarter of 2011. The developer says the delay is needed to expand the size of the project, given the positive results exhibited by Singapore.
Fri, Apr 22, 2011
The first-quarter numbers are impressive, with a 46 percent spike in Macau, and a 24 percent increase in Las Vegas. Shares are now valued at $1.30—over 22 cents in 2010. Wynn and Encore Las Vegas revenues were up 24 percent.
Fri, Apr 22, 2011
Las Vegas Sands Chairman and CEO Sheldon Adelson will receive a prestigious aware at G2E Asia in June in recognition of his contributions and development of gaming in Asia.
Fri, Apr 22, 2011
The Mid-America and mid-cap gaming companies are on a roll. Improved results, expansion and better margins may make these companies one of the best buys in the industry.
Sun, Apr 17, 2011
This week, the Global Gaming Business Podcast features an interview with Rob Goldstein, the president of global gaming operations for Las Vegas Sands on new position with the company and its oversight of all the company’s properties.
Fri, Apr 22, 2011
Now that Macau’s casinos are earning billions, what will successful local entrepreneurs do with all their cash? It turns out some are looking to reinvest in casinos and other projects in neighboring Vietnam.
Fri, Apr 22, 2011
As Macau becomes more familiar with the affects of its gaming-centric existence, new measures are being proposed to shield casino employees and others from potential harm.
Fri, Apr 22, 2011
Planners in Ireland’s County Louth have given their approval for a mixed-use leisure development that could include a major casino if future legislation allows. For now, just getting the go-ahead for the sports and entertainment elements of the project are a win.
Fri, Apr 22, 2011
The ambitious Greek plan to restructure its gaming market and raise money for a cash-strapped treasury appears to be dead in the water. Political pressure at home and a refusal by the European Commission to expedite the handling of the proposed regulations will result in no progress for now.
Fri, Apr 22, 2011
Fifteen of the 16 German states are attempting to get the approval of the European Commission for their controversial, high-tax online gaming bill. The sixteenth state has other ideas.
Fri, Apr 22, 2011
While District of Columbia officials say the absence of action by the U.S. Congress to veto online poker approved by the district makes it legal, a U.S. House spokesman says otherwise.
Fri, Apr 22, 2011
The Ladbrokes-888 deal has officially reached its much-ado-about-nothing conclusion. The non-event has been accompanied by the stepping down of 888 CEO Gigi Levy.
Fri, Apr 22, 2011
The Iowa Senate Ways and Means Committee recently approved a pared-down version of a gambling bill that does not include legalizing in-state online poker. The bill calls for a report on the issue from the Iowa Racing and Gaming Commission.
Fri, Apr 22, 2011
Instead of raising the state tax on all Iowa casinos to 36 percent, as he previously proposed, Governor Terry Branstad (l.) recently suggested a graduated, profit-based casino tax. He said the larger casinos in Iowa make “a lot of money” and can afford to pay higher taxes.
Fri, Apr 22, 2011
Tangent Gaming LLC recently acquired the Mississippi-based, 36,000 square foot Horizon Casino Hotel from Carl Icahn’s Tropicana Entertainment, Inc. When it reopens in May, the riverboat will feature 800 slot and video poker machines.
Fri, Apr 22, 2011
Some political observers in the Bay State think that the strategic alliance announced in early April between Suffolk Downs Racetrack and Caesars Entertainment make them the odds on favorite to get a casino/racino license if the legislature and Senate President Therese Murray (l.) and governor agree on one this year.
Fri, Apr 22, 2011
Governor John Kasich and other Ohio politicians think that the taxpayers of the state got ripped off when Issue 3 passed in 2009, giving developers the right to developer four casinos in the state’s largest metro areas. The issue didn’t give the state enough taxes, they contend.
Fri, Apr 22, 2011
A poll in New Jersey shows that the majority of voters favor sports betting, as legislators look to amend the state constitution to allow the new gambling attraction.
Fri, Apr 22, 2011
To get an edge on competition, the town of Lincoln will ask residents if table games should be added to the Twin River slot parlor.
Fri, Apr 22, 2011
As the Indiana economy improves, the chances for a land-based casino in Gary decrease. State revenue estimates through June 2013 rose $762.4 million, while a casino could bring in $11 million.
Fri, Apr 22, 2011
Resorts Atlantic City is seeing a rise in revenue with their innovative marketing strategy. New management hopes the costly process will benefit the casino in the long run.
Fri, Apr 22, 2011
A North Carolina state senator has co-sponsored a bill to legalize video and mechanical slot machine-type gambling games. The bill is in response to gambling houses that offer games on computer screens and have proliferated in the state in spite of attempts to shut them down.
Fri, Apr 22, 2011
A Colorado Senate committee recently delayed a bill that would allow video lottery terminals in Colorado. The Colorado Gaming Association has opposed the legislation, noting it could take business from existing casinos.
Fri, Apr 22, 2011
Report: Deutsche Bank already planning exit strategy from Sin City; the Frankfurt-based firm was forced to complete the Cosmopolitan when the former owner defaulted.
Fri, Apr 22, 2011
The Nevada city and its Lake Las Vegas development are seeing signs of life, with two major properties back in business after closing in 2010. Intrepid Gaming has been given the nod to run the MonteLago casino.
Fri, Apr 22, 2011
The Las Vegas behemoth accuses an Austrian man of illegally using the name and historic iconography of the Stardust casino, a Strip landmark from 1958 to 2007.
Fri, Apr 22, 2011
Tax revenue from Detroit, Michigan’s three casinos, Greektown, MotorCity and MGM Grand, would increase by one third if Detroit mayor Dave Bing gets his wish.
Fri, Apr 22, 2011
The company that persuaded Maine voters to approve a casino in Oxford County saw the legislature remove another hurdle to that happening last week.
Fri, Apr 22, 2011
The tellers’ union at New Jersey’s Meadowlands Racetrack has refused to vote on a new contract, prompting the governor to send out layoff notices to 600 workers. The union holdout could squash the deal between the state and investor Jeffrey Gural, and threaten the continuing operation of the track.
Fri, Apr 22, 2011
Erie real estate developer Gregory Rubino filed suit to remove the Pennsylvania Gaming Control Board’s ban on his participation in the gaming industry, and was joined by former MTR Gaming chief Ted Arneault.
Fri, Apr 22, 2011
Tribes say Tracie Stevens (l.), new chairwoman of the National Indian Gaming Commission, is more open to easing regulations than her predecessor, Phil Hogen. Hogen says the rules worked for an emerging industry.
Fri, Apr 22, 2011
A city council subcommittee of a Southern California city, San Jacinto, last week listened to residents’ concerns about a possible casino hotel project.
Fri, Apr 22, 2011
A Bay Mills Indian casino could open in a converted post office in Port Huron, Michigan by next summer, according to its tribal chairman.
Fri, Apr 22, 2011
In 2010, Native American tribes with casinos paid the state of Oklahoma $118.2 million in fees--up from $14 million in 2006. Fee amounts range from $12,000 from the Thlopthlocco Tribal Town’s casino to $33.3 million from the Chickasaw Nation, owners of the Winstar Casino Resort (l.)
Fri, Apr 22, 2011
The Odawa Casino Resort in Petoskey, Michigan lowered the gambling age from 21 to 19 years old on April 18. Now the casino can better compete with the Kewadin Casinos in St. Ignace and Sault Ste. Marie, where 19-year-olds already are allowed to gamble.
Fri, Apr 22, 2011
Beverly Martin (l.) recently left her position as executive director of the Mississippi Casino Operators Association after 17 years. Kimberly Fritz, a 25-year gaming industry veteran, was appointed interim executive director.
Sat, Apr 23, 2011
Former Cyberview and IGT manager will work on product development and installation in the European and emerging markets.
Fri, Apr 22, 2011
Ian Bull was onetime finance director for Greene King; he will report to Ladbrokes CEO Richard Glynn.
Fri, Apr 22, 2011
Rank is looking for a new non-executive chairman now that Peter Johnson, the man who has filled that position for the last four years, wants to step down. Johnson has helped Rank navigate new U.K. gaming regulations, smoking bans and a reworking of the group’s casino product.
Fri, Apr 22, 2011
Shareholders of Las Vegas Sands and International Game Technology are suing to recover losses in stock value allegedly caused by senior management.
Fri, Apr 22, 2011
Bally Technologies reports second-quarter earnings slightly below a year ago, with analysts blaming flat replacement sales and a dearth of new casinos.
Fri, Apr 22, 2011
The annual G2E Asia trade show and conference will be taking place at the Venetian Macau, June 7-9. The focus of the conference will be on how to make the most of this still young and growing market.
Fri, Apr 22, 2011
The annual Belgrade gaming trade show has moved from its original slot in late February to May. This year the category “Amusement” has been added.
Fri, Apr 22, 2011
To enhance its capital raising efforts for Indian tribes, Tribal Financial Advisors, Inc. (TFA) announced its partnership with five premier commercial banks.
GGB Magazine | GGB News | RD&E Magazine | Casino Design | Tribal Government Gaming | GGB iGames | Casino Connection
RSS 2.0 Feed