Sat, Aug 06, 2011
Caesars Entertainment moves forward with the center-Strip Las Vegas project that will create an entertainment district along with a massive 500-foot observation wheel that can carry almost 1,000 people at one time. The project is slated to cost $500 million.
Sat, Aug 06, 2011
While another record month for gaming revenues in Macau isn’t breaking news, the new order of market share has shaken the industry to its core. Dramatic decreases by the former top-two placeholders have opened the door for increases from all the other companies, especially Galaxy Entertainment, which debuted Galaxy Macau in May, led by Francis Lui Yiu Tung (l.), deputy chairman of the company.
Sat, Aug 06, 2011
Massachusetts Governor Deval Patrick (l.) is willing to accept a single racino if it will mean that a gaming bill in order to get a gaming expansion bill passed that he can sign later this year.
Sat, Aug 06, 2011
Arizona Senators John McCain (l.) and Jon Kyl are leading an effort to make it almost impossible to put land far removed from an Indian reservation into federal trust. They object to the BIA permitting a land into trust situation in their home state.
Sat, Aug 06, 2011
Recession caused Sin City’s luxury hotels to cut their rates, taking a bite out of smaller properties. But Hooters has never done well in Vegas, say some analysts.
Sat, Aug 06, 2011
It was only a matter of time before the two leading sports book operators in Nevada started a war. Cantor Gaming last week fired the first shot by filing suit against a former executive, Joe Asher, who ran Brandywine Bookmaking since 2007. Brandywine was recently purchased by Britain’s William Hill (r. to l., Asher with partners American Wagering’s Vic Salerno, William Hill CEO Ralph Topping and Cal Neva’s Jeff Siri).
Sat, Aug 06, 2011
The previous opposition held by Native American tribes to online gaming is beginning to melt away as they are now starting to realize that the federal legalization of the activity could be imminent. (l.), the executive director of the Oklahoma Indian Gaming Association, says the tribes will be ready.
Sat, Aug 06, 2011
Revenues for Indian gaming held steady in 2010 despite the recession, according to figures released by the National Indian Gaming Commission.
Fri, Aug 05, 2011
This week the Global Gaming Business Podcast features a discussion with Linda Kassekert, the chairwoman of the New Jersey Casino Control Commission, on the recent overhaul of the state regulatory process.
Sat, Aug 06, 2011
Asia Entertainment & Resources Ltd. announced second quarter results last week and far exceeded the estimates of analysts.
Sat, Aug 06, 2011
Police say a gang used modified “toy” shufflers equipped with cameras to bilk a Macau casino out of $3 million in a single day. But many questions still remain.
Sat, Aug 06, 2011
The new government in Vietnam appears to be ready to continue on the path to developing big-ticket integrated resorts. An unnamed firm from Singapore will most likely be creating the blueprint for such development on the island of Phu Quoc.
Sat, Aug 06, 2011
Efforts to introduce foreigners-only casinos to an award-winning Philippines beach resort are meeting with opposition from local religious and business organizations. A group of Boracay Islanders is saying they don’t want gambling influencing their culture in any way whatsoever.
Sat, Aug 06, 2011
The police in Goa have arrested three civilians and one police officer on suspicion of involvement with counterfeit money passed in casinos there. The investigation is looking into whether the fake notes belonged to previously seized caches of bad currency.
Sat, Aug 06, 2011
A deal for the gaming unit of Malaysia’s Tanjong company is said to have been signed last week. While no confirmation from any party has yet been received, the deal would give those named as buyers the national monopoly on horse race wagering, plus control of a lottery-style operation.
Sat, Aug 06, 2011
The American casino companies based in Macau are making their mark not only by raking in huge casino revenues but also by contributing to charitable causes in the SAR. MGM Grand Macau executives present a check to a charity for money raised by employees.
Sat, Aug 06, 2011
The ongoing crackdown on illegal casinos in Russia has claimed a high-profile victim: The CEO of Storm International has been jailed since June. But is his crime one of illegally operating a casino—the Shangri-La casino in Moscow (l.)—or of being associated with the wrong enforcement faction?
Sat, Aug 06, 2011
The political situation in Greece is complicating the finance ministry’s effort to raise revenue from gaming. At issue is the sale of the government’s 34 percent stake in lottery operator OPAP and the licensing of online gaming operators. Also, there is the matter of 35,000 new VLT licenses to be decided.
Sat, Aug 06, 2011
Italy’s online gaming market is in transition now that cash game poker and non-slot casino games have entered the picture. While cash poker is now dominant over tournament poker and casino games, the introduction of online slots later this year is expected to again alter the market.
Sat, Aug 06, 2011
Two casinos in Valencia, Spain are attempting to counter the effects of anti-smoking legislation with open-air terrace gaming. A change to the local law is allowing them to offer limited gaming options for smokers.
Sat, Aug 06, 2011
There is nothing like a natural disaster to put a crimp in business plans. In 2010 a major earthquake in Chile hurt the fledgling casino business there as much as it did everything else in the affected region. Happily, the affects appear to have been temporary. The Monticello Grand casino (l.) led the increase.
Sat, Aug 06, 2011
In a move that has incensed poker players in the U.S., the Kahnawake Gaming Commission in Canada has granted Full Tilt Poker a secondary gaming license. The KGC has justified its actions by claiming the company’s primary license is still valid, even though it has been suspended and Full Tilt has yet to make restitution of $100 million to players.
Sat, Aug 06, 2011
International Game Technology has released an online slot game called “Monopoly: You’re in the Money,” the first online casino appearance of the brand.
Sat, Aug 06, 2011
Illinois Governor Pat Quinn (l.) says he has still not made up his mind whether to sign or veto a gaming expansion bill passed by the legislature in May.
Sun, Aug 07, 2011
Steel Pier Associates, LLC, the company that has leased and operated Steel Pier for the past two decades, has bought the property from Trump Entertainment Group for $4.25 million. Partners in the venue are the Catanoso brothers, as well as acclaimed casino architect Paul Steelman.
Sat, Aug 06, 2011
Steel Pier Associates, LLC, the company that has leased and operated Steel Pier for the past two decades, has bought the property from Trump Entertainment Group for $4.25 million. Partners in the venue are the Catanoso brothers, as well as acclaimed casino architect Paul Steelman.
Sat, Aug 06, 2011
With major controversies resolved, it appears clear sailing for Ohio’s four casinos to begin opening in the next two years. The Hollywood Casino in Columbus (l.) should be the second to debut after a casino of the same name in Toledo.
Sat, Aug 06, 2011
Several portions of Hard Rock Entertainment Inc.’s proposed $275 million casino project in Atlantic City have been approved by City Council, clearing the way for construction planned for early 2012. But rumors continue to surface that Hard Rock is looking hard at buying the former Atlantic City Hilton (l.) casino instead.
Sat, Aug 06, 2011
Terrible's Casino, which remains closed after being flooded by the Missouri River, has begun initial repairs. Casino officials remain hopeful that water levels will continue to recede, and that the facility will reopen in October. The repairs will cost approximately 11 million.
Sat, Aug 06, 2011
A plan to ban smoking in all public areas in Wheeling-Ohio County has some officials concerned about the loss of jobs and revenue. The Wheeling Island Hotel, Casino & Racetrack, which is now exempt from a smoking ban, could be negatively affected if the current proposal is adopted. In response, the health department is considering a phase-in approach to the smoking ban.
Sat, Aug 06, 2011
In its second quarter, long-time racetrack owners Churchill Downs Incorporated has posted its highest earning in company history, due largely to its online betting platforms and casino operations, including the recently acquired Harlow’s in Mississippi (l.). With the slump of parimutuel wagering, the company continues to look for new gaming acquisitions—as well as track the progress of an Illinois bill that could see slots at two of its racetracks.
Sat, Aug 06, 2011
The quintessential game of chance enjoys a surprising resurgence. It almost disappeared in Sin City with the proliferation of electronic gaming. The Riviera (l.) will be the first Strip casino to re-install the game.
Sat, Aug 06, 2011
The luxury Greenbrier Resort in West Virginia continues to lose money, though owner Jim Justice has taken the situation in stride. According to the multi-millionaire, the approval of off-track betting at the property will not boost the bottom line, though Justice remains confident that the resort will turn a profit in the future.
Sat, Aug 06, 2011
Clark County will assemble a panel to address the issue of street peddlers and performers, panhandlers and other aggressors plying their trade on the Strip.
Sat, Aug 06, 2011
New Jersey union Local 54 of Unite-HERE recently demonstrated on the Boardwalk to protest wage cuts by Resorts Casino Hotel. With salaries reduced by as much as five dollars an hour, the union accuses the casino of unfair business practices as it gears up for contract negotiations at Atlantic City’s 11 casinos.
Sat, Aug 06, 2011
In closing arguments last week, the prosecutor said VictoryLand casino owner Milton McGregor was motivated by greed when he allegedly bribed lawmakers.
Sat, Aug 06, 2011
Of all the gin joints in all the world, Oscar Goodman (l.), the former Vegas mayor will locate his in the Plaza Hotel, which he once wanted to demolish.
Sat, Aug 06, 2011
The head of MI Developments, Frank Stronach (l.), was approved for licenses to run the Pimlico and Laurel Park racetracks after the company bought out the stake of Penn National Gaming.
Sat, Aug 06, 2011
The latest round goes to CEO Steve and his lawyers, who maintain that the tip-sharing policy is fair and legal; nightclub workers don’t want to share the money with higher-ups.
Sat, Aug 06, 2011
In a federal tax probe of the Florida Indians, a judge has ordered the turnover of financial records for the years 2006 through 2009. Records will include those from the Miccosukee casino in southern Florida outside of Miami.
Sat, Aug 06, 2011
Since the Elk Valley Rancheria Tribe seems unlikely to get money it loaned to Las Vegas casino executive R. Shawn Ellis since he has declared bankruptcy, it has sued him, alleging fraud.
Sat, Aug 06, 2011
Tribe will complete the third expansion of the Broward County, Florida, property this year. The Indians aim to dominate a comparatively untapped region in Southeast Florida.
Sat, Aug 06, 2011
Two San Bernardino-based Indian tribes are opposing an effort by a tribe from out of the area to put land into trust in Barstow, California, for a casino.
Sat, Aug 06, 2011
It depends on who you talk to. The Eastern Band—which could soon see table games at its Harrah’s Cherokee casino (l.)—does the hard math in run-up to tribal elections.
Sat, Aug 06, 2011
The high court decision invalidating the fee charged to California tribal casinos will cause a big hole in an already sagging state budget.
Sat, Aug 06, 2011
Scott E. Schubert has been elected to Isle of Capri Casinos, Inc.’s Board of Directors. Schubert’s extensive executive management, finance and leadership experience was instrumental in the decision.
Sat, Aug 06, 2011
Gun Lake Casino, owned by the Gun Lake Band of Pottawatomi Indians and managed by Station Casinos, has named Rob McDermott its new general manager.
Sat, Aug 06, 2011
Scott McCarthy has been named as the new VP of sales for Gaming Partners International Corporation’s Asia division. He brings 15 years of experience to GPI, including a stint as director of cage and count for City of Dreams, Macau.
Sat, Aug 06, 2011
An affiliate of the Innovation Group of Companies will represent Papa John’s Non-Traditional Division as the pizza chain seeks to grow in the gaming market.
Sat, Aug 06, 2011
Italy’s Lottomatica, riding the crest of the booming VLT market in its home country, has upgraded year-end EBITDA estimates for the second time this year.
Sat, Aug 06, 2011
The Gaming Standards Association has streamlined its operation to put more control into the hands of its end users, casino operators. President Peter DeRaedt (l.) says membership is now more meaningful.
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