Fri, May 20, 2011
Macau’s newest integrated resort opens in the Cotai region. Galaxy Macau, the Cotai flagship of parent company, Galaxy Entertainment, promises that an Asian-centric design will make it the preferred resort for the major segment of the Macau market.
Fri, May 20, 2011
Billionaires commit to invest millions in the IPO for MGM China. MGM Resorts founder Kirk Kerkorian, billionaire hedge fund operator John Paulson (l.) and two other “whales” contribute almost $200 million to get the offering off the ground. The offering is seeking to raise $1.5 billion.
Sat, May 21, 2011
Don Barden, the first African-American owner of a major casino company, died last week after a long battle with cancer. Barden owned the casinos in Gary, Indiana, and the Fitzgerald’s casinos in Las Vegas, Reno, Colorado and Mississippi.
Sat, May 21, 2011
Casinos in Tunica, Mississippi are reopening one by one as the threat of flooding diminishes along the Mississippi River. All 10 Tunica casinos closed for the first time since gaming began there in 1994, leading to an estimated loss of $7 million - $10 million in gaming tax revenue to state and local governments. Hollywood Casino and Resorts in Tunica (l.) will open later because they are closer to the river.
Sat, May 21, 2011
Observing the opening of Galaxy Macau, Steve Wynn expects to begin construction soon and is targeting a 2014 opening for his next lavish project in the Cotai region.
Sat, May 21, 2011
The Vegas gaming hall closes its doors after more than half a century of glamour, glitz and high-rolling success. Legendary status could not save it from the Great Recession. One of the original casinos on the Las Vegas Strip, the property simply fell apart.
Sat, May 21, 2011
This week, the Global Gaming Business Podcast features an interview with Frank Fahrenkopf the president and CEO of the American Gaming Association, on the group’s recent announcement that it would support legislation to legalize online poker in the U.S.
Sat, May 21, 2011
The owner of two of Goa’s controversial offshore casino has bought a majority stake in hotel operator Daman Hospitality. Delta Corp plans to operate a 60,000-square-foot casino in the five-star Thunderbird Resorts (l.) now being finished in the city of Daman.
Sat, May 21, 2011
The bridge project that will connect Hong Kong with Macau and the mainland could be delayed by six months. A court ruling calling for more thorough environmental impact reports is being challenged by the Hong Kong government.
Sat, May 21, 2011
The Singapore integrated resorts operate in a zealously regulated market apparently. A series of recent fines on Resorts World Sentosa should serve as a reminder as to just how strict the authorities can be.
Sat, May 21, 2011
A recently announced project brings to five the number of Dreamworld-branded casinos and slot clubs either already in existence or planned for the Southeast Asia nation of Cambodia.
Sat, May 21, 2011
Although unemployment in Macau has hit historic lows, unions are still not happy, demanding more pay, less labor and fewer foreign workers.
Sat, May 21, 2011
While older E.U. member states struggle internally to adjust outmoded gaming legislation, some of the younger nations who still aspire to E.U. status are working to get basic regulation in place. Serbia now has a bill that would usher in an era of well-regulated but open gaming.
Sat, May 21, 2011
The battle between commercial gaming operators and Sweden’s sector monopolies has spilled over to the nation’s advertising-supporting media. Some newspapers are talking about following their television counterparts and moving enough of the operation overseas to escape a potential ad ban.
Sat, May 21, 2011
The Christchurch Casino, forced to close by the February earthquake that struck New Zealand’s second-largest city, is scheduled to reopen on May 26. The casino is said to have experienced only minor damage, with the three-month shutdown due to Civil Defense cordoning off the neighborhood.
Sat, May 21, 2011
The Middle East has had its share of casino ventures gone bad. In Jordan, the cancellation of a 2008 plan to open a casino near the Dead Sea almost cost the government $1 billion in penalties.
Sat, May 21, 2011
Two competing bills to legalize online poker are active in the California legislature. The one thing they both agree on is the need to tap into the very large market of California’s online poker players. But opposition from Native American tribes could doom both bills.
Sat, May 21, 2011
After the indictment of the three leading online poker rooms, one of the companies charged said it had returned more than $100 million of player deposits.
Sat, May 21, 2011
Swedish company Betsson AB has acquired Malta-based online gaming operator Betsafe in a deal worth approximately €60 million.
Sat, May 21, 2011
Software company’s stock jumps at news of the buy, which Amaya calls a “significant step” toward growth in the interactive gaming industry.
Sat, May 21, 2011
H2 Gambling Capital and Gaming Edge Associates, along with Spectrum Gaming Group, are offering professional services to companies looking to get into the potential U.S. online gaming market.
Sat, May 21, 2011
Recipients of government assistance in Florida are free to use their welfare cards anywhere, including internet cafes where they can play a sweepstakes when they purchase time online. The establishments do not want to be blamed for problem gambling.
Sat, May 21, 2011
In Virginia people can bet on the horses at kiosks in restaurants and bars. But sweepstakes games in internet cafes are illegal.
Sat, May 21, 2011
Pinnacle Entertainment’s new $357 million riverboat casino-hotel will be named L’Auberge Baton Rouge (L’Auberge Lake Charles at left). The development, expected to open next summer, will feature 206 hotel rooms and a 30,000 square foot casino with 1,500 slots and 52 table games, and employ 1,000 workers.
Sat, May 21, 2011
Polk County, Iowa, Magistrate Judge William Price recently approved dismissing all charges against Peninsula Gaming, Chief Executive Officer M. Brent Stevens (l.) and Chief Operating Officer Jonathan Swain. They were accused of contributing $25,000 to former Governor Chet Culver’s re-election campaign and hiding that the money came from the casino company.
Sat, May 21, 2011
A casino complex in downtown Minneapolis and slot machines at racetracks are among the gambling options under consideration in the state legislature. Naturally Native American tribes, which currently hold a monopoly on Minnesota gambling, are vehemently opposed.
Sat, May 21, 2011
Consultants that Ohio Governor John Kasich has hired to provide him with advice on how much to tax the state’s soon-to-be-built casinos are proving to be just as controversial as the casinos themselves.
Sat, May 21, 2011
The LV Sands Corp.’s move to slash comps for some players may be responsible for a precipitous drop in gaming revenue. But it could be a smart long-term move.
Sat, May 21, 2011
When it opens in July the Rivers Casino in Des Plaines may be the Illinois’ largest and most profitable gaming hall. But with a major Chicago casino back on the table, as requested by Mayor Rahm Emanuel (l.), all bets are off.
Sat, May 21, 2011
Cantor Gaming exec Lee Amaitis (l.) says Nevada could pocket $18 million per year if lawmakers permit gambling in casino hotel rooms. Some are worried about security and underage play.
Sat, May 21, 2011
The Nevada tavern franchise says it shouldn’t have to retrofit its Clark County locations to comply with a new ordinance. In most cases when new ordinances are approved a “grandfather clause protects existing entities.
Sat, May 21, 2011
As it continues to pursue the revival of live racing at Rosecroft, Penn National Gaming moves to finalize its divestiture of the Maryland Jockey Club, which it owns with Frank Stronach’s (l.) MID Developments.
Sat, May 21, 2011
Casino mogul and media manipulator Donald Trump has announced he will not run for president. The news came as the three Trump casinos in Atlantic City are formulating renovation plans, including his name being stripped from Trump Marina.
Sat, May 21, 2011
With developer Ronnie Gilley on his way to jail and electronic bingo no longer an option, more than the name must change to bring back the former casino.
Sat, May 21, 2011
A Trump Marina policy that prevents casino employees from speaking to the media is at the center of a debate to be decided on by the U.S. District Court of Appeals. The policy has been deemed by the National Labor Relations Board as a violation of employee rights.
Sat, May 21, 2011
Horse breeders and real estate moguls Jeffrey Gural and Morris Bailey have been approved to take over the Meadowlands Racetrack and Monmouth Park (l.), respectively. The new owners are seen as savors of the struggling New Jersey horseracing industry. They both assume control on June 1.
Sat, May 21, 2011
The food and service union gets voted in at Foxwoods Casino Resort, a reiteration of a previous vote two years ago.
Sat, May 21, 2011
The already diminished Casino Control Commission may be cut to just three employees under a new proposed bill. Sponsored by Atlantic County Senator Jim Whelan, the reduced members would be responsible for licensing and regulatory issues.
Sat, May 21, 2011
Some of the biggest players in gaming development want a chance to play in the Bay State.
Sat, May 21, 2011
The estate of Las Vegas-based Ameristar Casinos founder Craig Neilsen, who died in 2006, will sell 4.56 million shares of Ameristar common stock in an underwritten public offering. Currently, the estate owns 15 percent of Ameristar's outstanding common stock, and will own 0.77 percent after the completion of the offering.
Sat, May 21, 2011
Speculation that the Connecticut tribe would partner in a New York gaming venture has been verified by Mohegan CEO Mitchell Etess (l.). The proposed $600 million facility has raised the ire of other gaming interests in the state.
Sat, May 21, 2011
Mystic Lake Casino in Prior Lake, Minnesota, will construct a temporary 8,357-seat amphitheater this summer to determine if a permanent amphitheatre should be built. The kickoff event will be a free concert by Diamond Rio on July 4.
Sat, May 21, 2011
Departures of three longtime casino executives, including VP Casino Marketing Steve Karoul (l.), surprise the team new Foxwoods President Scott Butera is trying to assemble to revive the struggling Connecticut resort.
Sat, May 21, 2011
A surprise announcement from Casinos Austria AG last week reported the immediate departure of Casinos Austria International CEO Paul Herzfeld and CFO Josef Leutgeb (l.). While no reason was given for the—officially—voluntary resignations, some in the Austrian media have their suspicions.
Sat, May 21, 2011
Aristocrat Technologies has named Alejandro Saraintaris as the company’s director of sales for South America.
Sat, May 21, 2011
Bally Technologies announced the appointment of Riley Meredith as social media manager, with responsibility to develop social media and online marketing programs.
Sat, May 21, 2011
Atronic International has appointed Michael Scala as sales director for Europe, Middle East and Africa.
Sun, May 22, 2011
Aristocrat Technologies announced that the new Galaxy Macau casino has more than 60 percent of the slot floor covered with Aristocrat slots.
Sun, May 22, 2011
Detroit’s Greektown Casino-Hotel has made its smartphone application, produced by Bally Technologies, available on the Windows Phone 7.
Sun, May 22, 2011
Now that the Spanish parliament has signed the online gaming bill, a conference has been organized to discuss business opportunities in the sector. GamingInSpain 2011 will take place in Madrid on June 9.
Sun, May 22, 2011
A California mom says Chuck E. Cheese builds gambling addicts by creating the same emotional attachment that casinos employ.
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