Sun, Aug 21, 2011
The creditors of the Mashantucket Pequot Tribal Nation, owners of the Foxwoods Resort Casino, appear near to a deal with tribe to restructure its debt. The deal could blaze a trail for other tribes that also issues with their lenders.
Sun, Aug 21, 2011
While he continued to refuse to state whether he would sign or veto the bill that would massively expand the number of slot machines in the state, Illinois Governor Pat Quinn engaged in some verbal sparring with Chicago Mayor Rahm Emanuel (l.) over the issue. Emanuel wants to include gaming revenues in the city budget.
Sun, Aug 21, 2011
The Linq project by Caesars Entertainment in Las Vegas is unveiled. Partners, scope and properties affected are revealed as well as more details on the massive “observation wheel,” the centerpiece of the project.
Sun, Aug 21, 2011
A representative of the Chinese government has suggested that there be barrier-free tourism between China, Hong Kong and Macau. Priority will be given to the construction of the Hong Kong-Zhuhai-Macau Bridge (border crossing at left). The move would be huge for the Macau gaming industry since much of its limitations on growth are linked to immigration and transportation issues.
Sat, Aug 20, 2011
The intention of Taiwan to install casino resorts on its offshore islands, such as Kinmen (l.), still faces a number of hurdles. Now, a deputy minister in the cabinet is calling into question the entire concept. However, just how seriously those doubts should be taken by prospective developers is the real question.
Sun, Aug 21, 2011
Less than a month remains in the current California legislative calendar, which means crunch time for some bill that would legalize internet gaming to come to the floor for a possible vote. Senator Rod Wright (l.) points to relaxation of lottery rules as an example.
Sun, Aug 21, 2011
The Baltic nation of Latvia seeks to broaden the scope of its general gambling license while tightening certain requirements for operators and consumers. Both online and land-based operators should find elements to praise and curse within the new proposed legislation.
Sun, Aug 21, 2011
The fate of the abandoned CityCenter tower is not yet certain, but MGM has already selected two companies to oversee the implosion, while the builder, the Perini Group, says it can still be saved.
Sun, Aug 21, 2011
For the first time in a while, casino companies and gaming manufacturers are talking about growth, not cost cutting. Here’s a few things we’ve learned from recent earnings calls.
Sat, Aug 20, 2011
This week, the Global Gaming Business Podcast features an interview with Dennis Gomes, the president of Gomes Gaming and part-owner of Resorts Atlantic City, along with his son Aaron, the senior vice president of casino operations, on what has occurred since they took over the property last December.
Sun, Aug 21, 2011
Analysts say that the explosive growth of the Singapore gaming industry won’t last much longer as capacity and market concentration is met. Non-gaming amenities, like Resorts World Sentosa’s Universal Studios (l.), will become more important.
Sun, Aug 21, 2011
The estranged sister of Macau gambling magnate Stanley Ho (l.) asks the Hong Kong stock exchange to investigate the officers of Ho’s SJM to find out whether they are “fit and proper” people.
Sun, Aug 21, 2011
Hungarian media are reporting that developers of the EuroVegas mega project are about to begin construction. Given that the previous latest news on EuroVegas appeared two years ago, it may be a few weeks before it is known whether there is any truth to the rumor.
Sun, Aug 21, 2011
The former monopoly operator of the Czech lottery is going to be tendered to a new owner in the coming weeks. Bankrupt Sazka has generated much lower revenue since bankruptcy trustees took over and rival companies began to offer lottery games.
Sun, Aug 21, 2011
The states of Germany are facing delays in getting a new treaty on gambling. While the usual political activity could be assumed to be slowing down the overall process, one state’s effort to create its own liberalized version of the law is being hampered by a personal problem.
Sun, Aug 21, 2011
Mobile gaming is growing slowly, but nevertheless growing. U.K. betting operator William Hill saw its weekly wager totals rise from £1.3 million a week in January to £2.3 million by the end of June.
Sun, Aug 21, 2011
Tabcorp has released its end-of-year figures to the June 30, 2011.. The first annual report since the splitting off of its casinos into the new company Echo shows good prospects for both businesses.
Sun, Aug 21, 2011
Now that Tsogo Sun’s Hemingways property has won renewal of its license, the company is embarking on a planned ZAR400 million renovation. The project includes gutting and redoing the existing casino.
Sun, Aug 21, 2011
The state of Sikkim, India recently made an effort to clarify the situation around its issuance of online gaming licenses, which began in 2009. However, the clarification comes with a qualifier.
Sun, Aug 21, 2011
New Jersey state Senator Ray Lesniak (l.) said last week he would re-introduce a bill to legalize online gaming that was vetoed earlier this year by Governor Chris Christie. On stumbling block remains, however.
Sun, Aug 21, 2011
Denmark will implement its online gaming law by the start of 2012. That is, if the European Commission comes back with a negative decision on a protest filed against the law.
Sun, Aug 21, 2011
A glitch in a computer program resulted in players receiving their $200 cash match for joining the Caesars U.K. bingo site—without making the required wagers.
Sun, Aug 21, 2011
Caesars Entertainment’s CEO Gary Loveman (l.) reaffirms his support of the legalization of online poker, and predicts it will become a reality.
Sun, Aug 21, 2011
New Jersey Governor Chris Christie visited Atlantic City last week to view progress on the $2.8 billion Revel casino resort that would never have been restarted without his support. The 10th-story "SkyPark" is a key piece of the project (l.). Meanwhile, one of the three applicants for the “boutique” casino license is moving forward.
Sun, Aug 21, 2011
The second quarter was a tough one for the Las Vegas megaresort, where healthy hotel and F&B rates could not compensate for anemic casino revenues.
Sun, Aug 21, 2011
A bill sponsored by Virginia Congressman Jim Moran (l.), and supported by pro- and anti-gambling congressmen and women, has been introduced into the U.S. House of Representatives that would study problem gambling and its impact on society.
Sun, Aug 21, 2011
Governor Andrew Cuomo (l.) kicked off the conversation, and it’s picking up steam. Everyone has an opinion on the potential, for good and ill, of expanded gaming in the Empire State. And the debate bleeds over into Massachusetts.
Sun, Aug 21, 2011
The Casino Reinvestment Development Authority has approved $10 million in funds to be used for a downtown revitalization project in Atlantic City.
Sun, Aug 21, 2011
The new owners of The Las Vegas Tropicana and the chairman of Tropicana Entertainment, Inc., have settled all disputes over use of the Tropicana name.
Sun, Aug 21, 2011
The battle for ownership of a bankrupt celebrity bistro was resolved last week. A judge considered the landlord’s preference when choosing Landry’s over Angel Management.
Sun, Aug 21, 2011
In the next two decades, every component of Louisiana's casino industry will be operational, from the 15 riverboat casinos allowed by law, to four racinos and Harrah's land-based casino in New Orleans. Two projects are under construction, in Lake Charles and Baton Rouge, and Isle of Capri is selling one of its Lake Charles Riverboats to a group in Shreveport-Bossier City.
Sun, Aug 21, 2011
As Binion’s Casino celebrates its 60th anniversary, the hotel tower, closed for two years, could cost up to $20 million to renovate. Nothing is in the works now, but the owner has his eye on 2012.
Sun, Aug 21, 2011
Retired Miami, Florida police detective and author Marshall Frank recently wrote in Florida Today, “There’s a huge boon to the state economy at our disposal, and all we have to do is say 'yes' to legalized casino gambling in Florida.”
Sun, Aug 21, 2011
A court hearing is set for September 2 in Raton, New Mexico, to hear an injunction request filed by Toronto-based developer Michael Moldenhauer, seeking to stop the application process for a racino in that city. Moldenhauer earlier was granted and lost both a racing license and a gaming license in New Mexico in regard to developing a Raton racino.
Sun, Aug 21, 2011
A well-known foodie gripes that Sin City is under-utilizing its lineup of five-star restaurants and celebrity chefs.
Sun, Aug 21, 2011
Both sides in the bingo corruption case are asking for more time to prepare. The defense attorneys are balking at a prosecution request for three separate trials.
Sun, Aug 21, 2011
The California Lottery’s profits have finally started to soar, nearly 30 years after it was created, thanks to the lifting last year of restrictions on its payouts.
Sun, Aug 21, 2011
Judge admits his next ruling will only be the next step in an ongoing controversy that pits dealers against their supervisors—as well as their boss, Steve Wynn.
Sun, Aug 21, 2011
NEWave, a leading software supplier to the gaming industry, recently installed its myCompliance suite featuring Title 31 and Tax Form solutions at the River Spirit Casino in Tulsa, Oklahoma. The software helps ensure a casino is filing timely, accurate tax reporting and complies with federal anti-money laundering regulations.
Sun, Aug 21, 2011
After more than a decade, Price Waterhouse Coopers no longer will serve as outside auditor for the Pearl River Resort and casino complex in Philadelphia run by the Mississippi Band of Choctaw Indians. The action coincides with an FBI subpoena for the records of tribal Chief Beasley Denson, who currently is campaigning for re-election.
Sun, Aug 21, 2011
At a recent meeting of officials of Glendale, Arizona, Representative Trent Franks said he believed the Tohono O'odham put profits ahead of the interests of the other 16 members of the state's 9-year-old tribal gaming compact in their pursuit of a casino in Glendale. The tribe plans to build a casino on 134 acres of land it purchased in 2003 near 91st and Northern avenues.
Sun, Aug 21, 2011
Because of a recent change in Bureau of Indian Affairs policies regarding requests to put land into federal trust that are located many miles away from the original reservation, the Menominee Indian Tribe of Wisconsin will get another bit at the apple for a proposed $800 million Indian casino in Wisconsin.
Sun, Aug 21, 2011
WMS Gaming has promoted longtime executive Rob Bone to the position of senior vice president of North American sales.
Sun, Aug 21, 2011
Richard Simmons recently was named general manager at the Hyatt Hotel and Casino Manila. Previously he was hotel manager at the Grand Hyatt Macau in China.
Sun, Aug 21, 2011
PokerStars has named longtime Microsoft executive Alex Payne as chief marketing officer.
Sun, Aug 21, 2011
System supplier Table Trac, Inc. announced that Jeff Connor has been promoted to director of sales and marketing.
Sun, Aug 21, 2011
The American Gaming Association will launch Global Gaming Women initiative at G2E, with many of the most important female players participating. Isle Capri Casinos CEO Virginia McDowell (l.) is one of the top executives leading the effort.
Sun, Aug 21, 2011
The Italian VLT market appears to be one of those rising-tide-lifts-all-boats scenarios. Lottomatica is already cashing in from its home-field advantage, but a direct comparison with Spain-based Codere machines shows there is room for improvement.
Sun, Aug 21, 2011
A group of the top exhibitors for the ICE Totally Gaming trade show have come out in support of the show’s move in 2013 to the ExCel conference center (l.).
Sun, Aug 21, 2011
JCM Global has a new thermal printer with a memory large enough to print full-color graphics. The PayChek 4 can be used with slots, VLTs and other gaming machines.
Sun, Aug 21, 2011
The first slot stools from Gaming Concepts Group are now to see at the company’s Macau showroom. The Hong Kong firm offers a range of casino services.
Sun, Aug 21, 2011
The new Diamond Beach casino on the island of Curacao opened with a complete suite of casino management products from Table Trac, Inc.
Sun, Aug 21, 2011
Visitors to SAGSE, November 9-11 in Buenos Aires, will learn about the more than $25 million expected to be invested in casino-hotels in South American during 2011-2012. SAGSE is the largest gaming expo in South America.
Sun, Aug 21, 2011
From messages about jackpots and promotions, to answering customers' questions, Detroit's three casinos hope the use of social media will benefit them in an increasingly competitive market as they battle for customers. MotorCity Casino Hotel leads in Twitter followers and Facebook fans, followed by MGM Grand, which generates the most revenue. Greektown Casino Hotel ranks a distant third.
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