Amidst fears that a slumping economy would cause falling attendance and lower sales, the gaming industry’s most important trade show, Global Gaming Expo (G2E) was held last week in Las Vegas. To the relief of show organizers and exhibitors alike, attendance was down only slightly—just 7 percent according to show co-owner, the American Gaming Association—while the quality of the attendees was at least as good as last year.
Tue, Nov 25, 2008
The edifice of Kansas’s the regional casinos envisioned by the Expanded Lottery Act is cracking, with yet another developer, Harrah’s Entertainment Inc. announcing that it is pulling out from building a $535 million regional gaming resort that it had been chosen to create in Mulvane, in the south central part of the state.
Despite its ongoing financial problems, Las Vegas Sands last week said it had enough funding to complete and open the Marina Bay Sands. The company’s warning two weeks ago of a possible bankruptcy sent government officials scrambling for “Plan B” but LVS COO Bill Weidner said last week that “We have all the money required to be able to complete the project.”
Tue, Nov 25, 2008
If it often seems like the battle between Steve Wynn and Sheldon Adelson is a simple matter of “one-ups-man-ship,” an exchange of views last week on the visa restrictions imposed by the Chinese government for travel to Macau should reinforce that view.
Sun, Nov 23, 2008
MGM Mirage Hospitality has joined the Asian Coast Development Limited project to create a major destination resort in Vietnam. The MGM Grand Ho Tram will be a world-class gaming and entertainment facility with 1,100 rooms, stages for live entertainment, meeting space, a spa, high-end retail and restaurants with star chefs, plus beach-front recreation activities. An exclusive VIP area will be part of the main offering.
Casino gaming continues to spread in the two southernmost countries in Latin America. Three recent casino openings in Argentina and Chile reportedly have been met with good receptivity by the public.
Tue, Nov 25, 2008
The Illinois Gaming Control Board last week named the three finalists for the state’s 10th and final casino license. There were no surprises, since the three groups bid the most money and were located in the lucrative Chicago suburbs.
Tue, Nov 25, 2008
One minute after midnight on November 16, a full smoking ban for Atlantic City’s 11 casinos was repealed for at least a year, and the partial ban, which restricts smoking to one-fourth of the gaming floor, once again became law.
Tue, Nov 25, 2008
A bleak economy has prompted New York State to consider even greater expansion of racino gaming. The legislature is now considering video poker, video blackjack and other electronic table games at the racetrack casinos.
Tue, Nov 25, 2008
With Terry Lanni leaving MGM Mirage, the company’s board of directors appointed current COO and president Jim Murren his replacement. Lanni suggested Murren for his replacement when he announced his retirement, which is effective December 1. At the same time, he announced he will remain a company director and join the MGM Mirage Diversity Committee.
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