Fri, Mar 13, 2009
The departure of William Weidner (left) from Las Vegas Sands after 13 years wasn’t a surprise to anyone who was paying attention to the turmoil within the company over the past year. While company Chairman Sheldon Adelson is clearly the “visionary” of the company, Weidner and his team were undoubtedly the engine that built and operated Adelson’s dream.
Fri, Mar 13, 2009
As if they needed more proof of the sliding demand of destination gambling, revenue figures released for Nevada and Atlantic City only confirmed that things are bad. Nevada posted a decline for the 13th straight month in January, while Atlantic City (l.) revenues hit record lows for February.
Fri, Mar 13, 2009
Russian casino operators and the legislatures of the provinces where the proposed gambling zones will be located are asking the federal government to delay until 2012 the closing of casinos in major cities, like Casino Arbat in Moscow (l.). At the same time, operators plan a future after gaming.
Fri, Mar 13, 2009
Congressman Barney Frank (l.) is pushing a bill that would repeal the UIGEA law passed during the Bush administration, giving hope to online gaming participants.
Fri, Mar 13, 2009
After the latest round of political accusations regarding casino ships, Goa state lawmakers are preparing comprehensive casino legislation.
Fri, Mar 13, 2009
Gaming Laboratories International (GLI), the world’s leading testing lab for the gaming industry, hosted its eighth annual Regulators Roundtable last week in Las Vegas.
Fri, Mar 13, 2009
Stanley Ho, still the most imposing figure in the Macau gaming industry, has attacked “foreign investment” in Macau, particularly targeting Sheldon Adelson and Las Vegas Sands.
Fri, Mar 13, 2009
A secret agreement apparently opens to door for casinos in Baguio, a city that had previously rejected gaming.
Fri, Mar 13, 2009
Chinese sports officials suggest sports lotteries to ride out the recession.
Fri, Mar 13, 2009
More than 4,500 jobs are available at the Las Vegas Sands Singapore project on the gaming side alone.
Fri, Mar 13, 2009
Replacement cycle, server-based gaming, new jurisdictions… what is going to be the main driver that will create profitability for slot manufacturers?
Sat, Mar 14, 2009
Worsening economic conditions in the Baltics and throughout Eastern Europe are forcing Olympic Entertainment Group to change its previous policy of continual expansion.
Fri, Mar 13, 2009
An increase in suspected match-fixing across a variety of sports has British authorities wondering how to combat illegal betting taking place outside their jurisdiction.
Fri, Mar 13, 2009
The Isle of Man has licensed its first online gaming provider to feature live dealers for casino games.
Fri, Mar 13, 2009
PartyGaming announced that it has entered into an exclusive agreement to create a bingo and casino service for DM, a direct marketing group.
Fri, Mar 13, 2009
Australia’s Crown Ltd. is no longer planning to buy Cannery Casino Resorts, at least not now, which includes the new Eastside Cannery on Boulder Highway in Las Vegas (l.).
Fri, Mar 13, 2009
With the projected opening of CityCenter just nine months away, MGM Mirage is trying desperately to line up the final funding and refinancing for loans already granted for the project, which some estimate to be as expensive as $11 billion.
Fri, Mar 13, 2009
Even though Station Casinos has another month to clean up its financial house, Boyd Gaming reiterated last week that it is still interested in buying the nine casinos it offered $950 million for last month.
Fri, Mar 13, 2009
Magna Entertainment Corporation, the largest operator of horse race tracks in North America and a player in racino ventures in Maryland and Florida, last week filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code.
Fri, Mar 13, 2009
Hilton Hotels Corp. has reportedly stepped in to assist Deutsche Bank in its efforts to open the Cosmopolitan resort in Las Vegas. Amidst news of building flaws, firings, union negotiations and interior design changes, Hilton and Deutsche have agreed to rebrand the property.
Fri, Mar 13, 2009
President Barack Obama, coming under increasing fire from travel and gaming interests, last week said his intent was to prevent federal bailout money being used to fund junkets, not to discourage people from making legitimate business trips.
Fri, Mar 13, 2009
Las Vegas-based Herbst Gaming, owner of the Terrible’s Casino brand, is the latest in a line of gaming companies to declare bankruptcy since the recession began last year.
Fri, Mar 13, 2009
Some Indiana lawmakers are pushing to give millions in tax breaks to two new racinos because track owners overestimated revenues and borrowed too much to pay for their gaming licenses.
Fri, Mar 13, 2009
It’s back to the casino drawing board for the state as it tries to recover from the impact of a bad economy on the initial successful bids.
Fri, Mar 13, 2009
Tim Cahill, the Massachusetts treasurer who may challenge Governor Deval Patrick for his job next year, and is already challenging the governor’s casino plan with his own slots only proposal, isn’t getting universal praise for his idea.
Fri, Mar 13, 2009
The new three-person executive team took over the Greektown Casino-Hotel in Detroit, Michigan several weeks ago, promising to brake and stop the bankrupt casino’s decline, appears to be leading a major upset against its rivals the MGM Grand Detroit and MotorCity.
Fri, Mar 13, 2009
As Alabama considers a bill to legalize commercial gaming, the state Education Association is lining up with the proponents.
Fri, Mar 13, 2009
Casino operator Tropicana Entertainment could emerge from Chapter 11 bankruptcy by May.
Fri, Mar 13, 2009
Defying the national recession, revenues at Pennsylvania’s seven slot casinos increased 14.3 percent in February compared to a year ago. That’s the largest year-on-year increase since February 2008, before the recession began.
Fri, Mar 13, 2009
Casino operator Delaware North told state officials last week that it will not be able to meet a March 31 deadline to deliver a $370 million up-front payment for the exclusive right to develop a major slot casino to be placed at Aqueduct Racetrack in New York City.
Fri, Mar 13, 2009
Last week the New Hampshire House voted down two bills, one that would have allowed slots at racetracks and another that would have allowed state-owned casinos.
Fri, Mar 13, 2009
The Illinois legislature has been given a suggestion for making up for the fact that customers at the state’s nine riverboat casinos can no longer light up: Give them free drinks.
Fri, Mar 13, 2009
Those “kitchen table” poker games in South Carolina that occasionally draw raids and sizeable fines from overzealous law enforcers might become legal,
Fri, Mar 13, 2009
While it’s not a bankruptcy yet, a lender to the Riviera Holdings Corp. says the company is in technical default on payment of a loan obligation.
Fri, Mar 13, 2009
A proposed Minnesota constitutional amendment would authorize using funds from a casino in the Twin Cities area to build a new stadium for the Vikings football team.
Fri, Mar 13, 2009
Several weeks after the U.S. Supreme Court in Carcieri v. Salazar ruled that tribes recognized by the federal government after 1934 are not allowed to put land into federal trust, many tribes are still trying to figure out if the ruling applies to them.
Fri, Mar 13, 2009
South Dakota lawmakers may soon require video lottery businesses and Deadwood casinos to ban indoor smoking, but tribal gaming may be exempted.
Fri, Mar 13, 2009
The disagreement between the city of Glendale, Arizona and the Tohono O’odham Nation over a proposed tribal casino near Glendale has escalated into a war of words.
Fri, Mar 13, 2009
The soon-to-open FireKeepers Casino in Battle Creek, Michigan says it will be competitive in a recession and will do well in spite of the fact that it will face competition from a nearby tribe’s casino in a couple of years.
Fri, Mar 13, 2009
The Tigua Indians of Texas stand to regain millions of dollars a year if the legislature passes some sort of law that would allow them to reopen their Speaking Rock Casino, closed since 2002.
Fri, Mar 13, 2009
Oklahoma tribes such as the Cherokee and Muscogee are looking beyond gaming to become economically self-sufficient.
Fri, Mar 13, 2009
A judicial ruling that approves video poker machines in North Carolina will affect the state’s only tribal casino.
Fri, Mar 13, 2009
Casinos Austria has chosen to go with the MEI Cashflow SC for new slot machines purchases.
Fri, Mar 13, 2009
The Kongo Hotel & Casino is the first electronic casino to install the G4 Organic Card Blackjack device from the Elektroncek Group.
Fri, Mar 13, 2009
The Aliante Station casino in North Las Vegas held what it called a “Taste Test” of new table games in its pit last week.
Fri, Mar 13, 2009
System supplier Cantor Gaming, operator of the race and sports book at the new M Resort, is preparing for the first big test of its software that allows in-game wagering—the Major League Baseball season.
Fri, Mar 13, 2009
City of Dreams,an integrated entertainment resort being developed by Melco Crown Entertainment Limited, has chosen Falcon's Treehouse LLC, a U.S. entertainment group, to develop a totally immersive and unique multi-media entertainment experience
Fri, Mar 13, 2009
Table game supplier TCS John Huxley is launching a marketing effort to coincide with the company’s 20th anniversary, and a deal to distribute Aristocrat slots in some European markets.
Fri, Mar 13, 2009
The “card-check” unionization bill before Congress runs into roadblocks—from Democrats!
Fri, Mar 13, 2009
According to a new American Gaming Association study, 87 percent of Americans who have traveled for work say it is important to running a business.
Fri, Mar 13, 2009
Electronic keno being introduced in the Canadian provinces of Nova Scotia and Prince Edward Island may create difficulties for problem gamblers.
Fri, Mar 13, 2009
Svenska Spel, the state-run gaming monopoly in Sweden, has launched a new tool to promote responsible gaming in online poker.
GGB Magazine | GGB News | RD&E Magazine | Casino Design | Tribal Government Gaming | GGB iGames | Casino Connection
RSS 2.0 Feed