The effort to establish casino resorts on the main islands of the Penghu archipelago, of Taiwan, received a boost from the local government there in the first week of January. The county government is reportedly looking for private investment of NTD 30 billion—over $900 million—to aid in the development of casino resorts. (The Rainbow Bridge, l., is a pedestrian walkway that connects two islands in the Penghu archipelago.)
The ghose of Secretariat, who last won in 1973 at Belmon Park, is being conjured to help the track gain VLTs under a plan by some New York officials, while the Seneca Nation wants to bring a massive casino to Sullivan County in the Catskills.
Sun, Jan 11, 2009
Citing economic concerns, MGM Mirage announced it will not pursue efforts to make the Harmon at CityCenter structurally sound allowing the construction on the condo component. The Harmon Hotel (l.) will be capped at 28 stories, instead of the planned 49, now that a major construction defect has be identified.
Sun, Jan 11, 2009
Queenco Leisure International has announced an agreement between Club Hotel Loutraki and Casinos Austria for the purchase of Casinos Austria’s 51 percent stake in Casino Beograd (l.), as well as a possible stake in Casino Austria's Grand Casino Brussels.
Sun, Jan 11, 2009
Pessimism is now officially the Wall Street theme for gaming stocks. A few days ago, many of the leading gaming analysts took out their crystal balls and peered into 2009. What they saw isn’t pretty.
Sun, Jan 11, 2009
This week, the Global Gaming Business Podcast features an interview with Kevin Kelley, executive vice president and chief operating officer for Station Casinos, on how the locals' casino operator is responding to the economic crisis.
Sun, Jan 11, 2009
Texas Governor Rick Perry (l.) rebuffed a letter sent last week by the Kickapoo tribe in which the tribe tried to open discussions about the tribe reopening its casino, which has been closed for several years.
Sun, Jan 11, 2009
As the economy worsens in Macau, unions are starting to make concessions to save jobs and companies are trying to cut costs while rescuing jobs.
Sun, Jan 11, 2009
Although the idea of casinos on Okinawa has been discussed for the past six years, the recent economic problems have increased the urgency of discussions. A panel discussion was held recently at the Okinawa Convention Center, during which proponents and opponents of the concept were able to speak.
Sun, Jan 11, 2009
The Irish government is reportedly giving up the idea of establishing a gambling study committee composed of members from all the various political parties. The problem is that two party leaders in particular are refusing to take part if the committee insists on looking at fixed-odds betting terminals—FOBTs—in its course of action.
Sun, Jan 11, 2009
The ambitious Gran Scala project announced in November 2007 is on track for a 2012 opening. So said Paul Stephan Allegrini, managing director of International Leisure Development.
Sun, Jan 11, 2009
The Maryland Video Lottery Facility Location Committee, the newly formed commission that will decide who gets licenses to operate five slot facilities across the state, officially opened preparations for the new industry recently.
Sun, Jan 11, 2009
Trump Entertainment Resorts, with three Atlantic City casinos, has until January 21 to restructure $1.25 billion in corporate debt held by 70 percent of its bondholders.
Sun, Jan 11, 2009
Elected officials in St. Tammany Parish and Slidell, Louisiana, are looking at a riverboat casinos as part of a way to drive economic development.
Sun, Jan 11, 2009
With attendance at New Jersey racetracks in decline, some of the state’s horse breeders and trainers might have to set out for greener field—in Pennsylvania, New York and Delaware, where racetrack slots have kept purses high and attendance relatively healthy.
Sun, Jan 11, 2009
Kansas’s Sumner County last week restarted the process for inviting bids for a casino resort, one of four such resorts authorized in 2007 by the Kansas Expanded Lottery Act.
Sun, Jan 11, 2009
Federal investigators are looking into whether a high roller used illicit funds to repay millions in gambling debts in Las Vegas.
Sun, Jan 11, 2009
Well-known Chicago billionaire and philanthropist Neil Bluhm’s company Midwest Gaming recently won the license to build Illinois’s tenth casino, in the Windy City’s suburb of Des Plaines just outside of O’Hare Airport.
Sun, Jan 11, 2009
A bill has been introduced in the Kentucky Assembly that would put video lottery terminals under the same sort of regulation as alcohol and allow individual counties to decide if they want to allow it.
Sun, Jan 11, 2009
The Wind Creek (l.) casino opened last week in Atmore, Alabama, with the hotel to debut in about a month. But a governor's task force into gaming seems to target the tribe.
Sun, Jan 11, 2009
While two tribes operating in the same region on Washington are working together and sharing information, other tribe’s in the state aren’t as open to competition.
Sun, Jan 11, 2009
The Mississippi Band of Choctaw Indians is closing its Golden Moon casino (l.) for four days a week and laying off 570 employees.
Sun, Jan 11, 2009
Southern California’s Sycuan Band of Kumeyaay Indians has decided not to exercise a new compact negotiated with Governor Arnold Schwarzenegger that would have allowed it to double the number of slot machines it currently deploys.
Sun, Jan 11, 2009
Australia’s Aristocrat Leisure Ltd., the world’s second-largest slot manufacturer, has named Jamie Odell, a former top executive of Foster’s beer company, as chief executive and managing director. Odell replaces Paul Oneile, who stepped down from the company’s top post in September.
Sun, Jan 11, 2009
The American Gaming Association’s board of directors elected TJ Matthews, chairman and CEO of International Game Technology, to serve as chairman of the AGA.
Sun, Jan 11, 2009
Elixir Gaming Technologies, Inc. has announced a contract with NagaWorld Limited to place electronic gaming machines on a participation basis at NagaWorld, a five-star hotel casino resort in Cambodia. NagaWorld is the only licensed, full service casino in Phnom Penh.
Sun, Jan 11, 2009
A new study shows that problem gambling is not exacerbated by the casino environment.
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