Fri, Apr 29, 2011
The success of Singapore is a major factor in the renewed effort by the South Korean government to create an integrated resort industry. Carrots include increased tourism, more jobs and market potential four times that of Singapore. The stick: the threat of a change in government after next year’s national elections. Kangwonland (l.) is the only Korean casino open to citizens of the country, while 16 small casinos are available to foreigners only.
Fri, Apr 29, 2011
Online gaming companies are playing down the impact of last month’s indictment of the big online poker sites, but it has clearly put a damper on plans to move a federal bill to legalize online gaming, although Congressman John Campbell (l.) says he’ll push forward with his bill. But will that encourage states to get into action? And what of the tribal desires to have a seat at the table?
Fri, Apr 29, 2011
Penn National Gaming Inc. held a groundbreaking for its Columbus, Ohio casino that wasn’t attended by any officials from that city. And the Horseshoe Casino in Cincinnati (l.) won’t open until 2013 at the earliest due to the uncertainty being produced by Governor John Kasich’s desire to increase the money casinos pay to the state.
Sat, Apr 30, 2011
Former Sands China President Steve Jacobs (l.) got it from Las Vegas Sands with both barrels last week in the increasingly vitriolic confrontation between the two parties. The company filed a counterclaim against Jacobs, taking the dispute to a new level.
Sat, Apr 30, 2011
The question of whether or not to impose a mandatory pre-commitment system for all non-casino slot machines in Australia is inspiring attacks from all sides of the issue. Prime Minister Julia Gillard (l.) may buckle under to a demand from a key Tasmanian legislator.
Fri, Apr 29, 2011
The Texas legislature is considering two bills, Senate Joint Resolution 34 and House Joint Resolution 112, to expand gambling in the state. One plan would allow horse and dog tracks where parimutuel betting occurs to offer slot machines, and another proposal would allow eight “destination casinos” to be developed across the state. But time is running out, as a May 12 deadline looms.
Sat, Apr 30, 2011
International Game Technology announces it is selling its British Barcrest subsidiary and a deal with a company for distribution in the Dominican Republic, after beating the estimates of analysts with a healthy profit for the second quarter.
Sat, Apr 30, 2011
Earnings season always bring some indicators about where the industry is going, halfway through, confusion reigns. But maybe there’s some light peeking through the clouds.
Sat, Apr 30, 2011
This week, the Global Gaming Business Podcast features an interview with Patrick Ramsey, the CEO of Multimedia Games, on why his company has become one of the major players in the slot market.
Sat, Apr 30, 2011
Melco Crown Entertainment Limited, owner of the City of Dreams in Macau (l.), is planning to offer bonds in Chinese currency the equivalent of about $350 million. Subsidiary Melco Crown Gaming has found a group of lenders willing to arrange and underwrite credit facilities of about $1.2 billion, primarily to refinance the City of Dreams facility.
Sat, Apr 30, 2011
Before the integrated resorts opened, Singapore gamblers could find action on board two local casino ships. Competition from the IRs has led to the recent demise of one ship, but the remaining vessel is expected draw enough players to stay in business for the at least the next few years.
Sat, Apr 30, 2011
In what is becoming commonplace, the revenue figures announced last week for the 33 Macau casinos set yet another record, but a big milestone is now within reach.
Sat, Apr 30, 2011
Both losing bidders for the new casino license in East London now have filed court challenges over the selection process. Each complaint claims the Newham Borough Council failed to abide by legal criteria relating to local regeneration benefits intended to accompany any new gaming venue.
Sat, Apr 30, 2011
Brazil is testing the waters of online lottery ticket sales. Only one product is currently offered online by national lottery operator Caixa, but if all goes well the program will be extended to all Caixa games.
Sat, Apr 30, 2011
The Caribbean island of Antigua is considering a return to the World Trade Organization to again take on the U.S. in the matter of online gaming. The U.S. crackdown on poker sites included Antigua-based Absolute Poker, which apparently has reopened the wound.
Sat, Apr 30, 2011
The Venetian and Palazzo casino resorts have partnered with two mobile marketing companies to launch new mobile, interactive websites.
Fri, Apr 29, 2011
Casino developer Dan Lee said he’ll wait for the Texas legislature to finish its session before he seeks financing for his $450 million Mojito Pointe Resort in Lake Charles, Louisiana. Casino gambling in Texas could impact his new resort, which he hopes to open in 2013. He also settles a lawsuit with his former company, the operators of nearby L’Auberge du Lac Casino Resort. The passage of a referendum on the project in Calcasieu Parish last weekend will make development easier.
Fri, Apr 29, 2011
In light of a $5 billion budget deficit, the Minnesota legislature is considering two gambling bills. One would allow slot machines at the state's two horse racetracks, including Canterbury Park, and the other would allow bars to increase charitable gambling options to video lottery terminals similar to slot machines, electronic bingo and electronic pull-tabs.
Fri, Apr 29, 2011
City and state officials prepare to accept new bids for a huge casino in Baltimore, as the original city applicant seeks to block the move in court.
Fri, Apr 29, 2011
With the support of the trade unions, progress on Atlantic City’s mega-resort accelerates as the lavish layout of Revel is finally revealed, including a 5,800-seat theater (l.).
Fri, Apr 29, 2011
Want to operate a casino in southeast Kansas? State gaming regulators have once again extended the application deadline for any developers who would like to run a state-owned casino in Crawford or Cherokee county.
Fri, Apr 29, 2011
The Maine legislature is mulling whether to authorize three new casinos in the state, or give the voters the final say. A newly formed anti-gaming group wants to pressure lawmakers to set a referendum.
Fri, Apr 29, 2011
The Natchez Board of Aldermen recently voted once again to give Natchez Enterprises, developers of the Roth Hill Casino, another six months to seek gaming commission approval. In exchange, the lease amendment states Natchez Enterprises will pay the City of Natchez $100,000—in advance.
Fri, Apr 29, 2011
According to a recent report, Atlantic City partial smoking ban is not being enforced. Casinos are supposed to prohibit smoking in all but 25 percent of the gaming floors.
Fri, Apr 29, 2011
West Virginia’s racinos are lobbying the state lottery for the right to give away free gaming chips, as a way to meet increasing competition from neighboring states.
Fri, Apr 29, 2011
Tellers union approves deal at Meadowlands Racetrack, paving the way for developer Jeffrey Gural to take control.
Fri, Apr 29, 2011
Mississippi Gulf Coast business leaders said the economy there is better now than it was six months ago. It's the first time they've been able to say that since the recession started in September, 2008.
Fri, Apr 29, 2011
Now that Atlantic City’s new Tourism District has been ratified, the job of marketing the city is also being addressed with the creation of the nonprofit Atlantic City Alliance.
Fri, Apr 29, 2011
State Attorney General Luther Strange (l.) has quashed hopes that commercial casinos can reopen, and is now going after tribal gaming. It’s Bob Riley all over again.
Fri, Apr 29, 2011
In-room gambling would have created a regulatory nightmare, according to Assembly lawmakers. Some say the option will be revived in the Senate.
Fri, Apr 29, 2011
Saddled with a debt of $149.7 million, the Pier Shops at Caesars, owned by Taubman Centers Inc., has been handed over to Bank of America for a foreclosure sale.
Sat, Apr 30, 2011
The plan to bring a tribal casino to the Nassau County sports arena (l.) will have to vault regulatory hurdles and stiff opposition from existing casinos in New York State.
Sat, Apr 30, 2011
The Tohono O’odham Nation is willing to talk about buying or investing in the Phoenix Coyotes hockey team and its arena, Jobing.com (l.). That is, if the city of Glendale will drop its lawsuits and appeals attempting to stop the tribe from building a casino in the area.
Sat, Apr 30, 2011
Idaho’s Coeur d'Alene Class II casino holds a grand opening for its seventh and largest expansion, unveiling new hotel rooms, casino space, dining and amenities.
Sat, Apr 30, 2011
Pala Casino Spa and Resort in San Diego County is opening its new Infinity Showroom this week.
Sat, Apr 30, 2011
Pete Bernhard, the popular Nevada Gaming Commission leader, has dodged the Dotty’s bullet, and still has the confidence of Nevada Governor Brian Sandoval, who has reappointed him to another four-year term.
Sat, Apr 30, 2011
The U.K. Gambling Commission and the National Lottery Commission are to be merged in the near future. The recently appointed chairman of the Gambling Commission, Philip Graf, who took office April 1, has been designated to chair the resulting body.
Sat, Apr 30, 2011
JCM Global has named Payam Zadeh director of sales for Europe, Russia, the former CIS states, Africa and parts of the Middle East.
Sat, Apr 30, 2011
Hotel-casino exec tapped as CFO of Riviera Holdings as the company emerges from bankruptcy. King will arrive from another casino that’s about to close.
Alabama casino developer admits he offered millions to state lawmakers to push the in passage of pro-gaming legislation.
Sun, May 01, 2011
An unrecognized tribe, which hopes to build a casino in the Catskill Mountains of New York, is led by an admitted fraudster whose Indian heritage is doubtful.
Sun, May 01, 2011
Casino Management and Gaming Operations is one of the most popular courses at Kent State University in Kent, Ohio. It's not hard to figure out why: the class features a field trip to Las Vegas.
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