Australia OKs Reef Casino Purchase

Hong Kong tycoon Tony Fung (l.) has cleared the last federal hurdle in his purchase of the Reef Hotel Casino in Cairns in the Australian state of Queensland. The...

Published September 29, 2014

Full Speed Ahead for Manila Megaresort

Travellers International, the company behind plans for a fourth gaming super-resort at Manila’s Entertainment City, says construction on it will start this year. The $1.1 billion Bayshore City Resorts...

Published September 29, 2014

Codere Reaches Debt Accord

Codere SA has reached an agreement with creditors to restructure $1.4 billion in debt, staving off possible insolvency proceedings. Jose Antonio Martinez Sampedro (l.) will remain as chairman and...

Published September 29, 2014

FANTINI’S FINANCE: The Silence of G2E

With the recent mergers and acquisitions on the supply side, we’re unlikely to hear anything interesting at G2E because not all of them are complete. But the products? They...

Published September 29, 2014

WEEKLY FEATURE: Apples and Oranges

The proximity of Orange County, New York to the Big Apple has become one of the biggest debates in the competition for four new casino licenses in New York...

Published September 22, 2014

Ultimate Gaming Bails From New Jersey

Blaming a deteriorating relationship with license-holder Trump Taj Mahal, Ultimate Gaming has cut ties with the Atlantic City casino and will fold its New Jersey operations. Chairman Tom Breitling...

Published September 22, 2014

AC on the Rebound?

Trump Plaza casino has closed its doors making it the fourth casino to close in the resort this year and putting another 1,000 casino workers out of jobs. But...

Published September 22, 2014

Macau Hopes for Golden Week Rebound

“Surprised”—that’s not a word we’d expect to hear when it comes to gaming demand in Macau. But after four straight months of year-on-year revenue declines that’s how sources are...

Published September 22, 2014

Senate Holds Glendale Casino Hearings

In new developments regarding the Tohono O'odham Nation's $500 million casino in Glendale, Arizona, which recently broke ground, a U.S. Senate panel recently heard testimony on a bill sponsored...

Published September 22, 2014

Caesars Begins Restructuring Efforts

Caesars Entertainment is beginning talks with senior bondholders in its effort to restructure the largest portions of its $24.2 billion debt. Chairman and CEO Gary Loveman (l.) believes “constructive...

Published September 22, 2014

Butera Exits Foxwoods

Scott Butera, president and CEO of Foxwoods Resort Casino since December 2010, will be leaving that position as of October, the Mashantucket Pequot Tribe has announced.

Published September 22, 2014

WEEKLY FEATURE: Birds of a Feather?

Payment processor Global Cash Access Holdings has agreed to acquire slot company Multimedia Games for $1.2 billion in cash, a 31 percent premium on the September 5 closing price...

Published September 15, 2014

Crunch Time in New York

New York State’s 16 casino license applicants are doing their best in the final weeks of consideration to win support from their respective communities and state site selectors. All...

Published September 15, 2014

Casinos in Tokyo—Maybe Not

Analysts believe a Japanese casino industry easily will be worth $10 billion or more, centered on major resorts in Tokyo and Osaka. But Tokyo’s new governor. Yoichi Masuzoe (l.),...

Published September 15, 2014

Bahamas Considers Comprehensive Gaming Regulations

The Bahamian government introduced comprehensive gaming rules to regulate online gambling, streamline casino debt collection and let players bet on sports events after they have started. Baha Mar Chairman...

Published September 15, 2014

Federal Judge Upholds Idaho Poker ban

A U.S. District Judge has granted the state of Idaho an injunction to prevent the Coeur d’Alene Casino from offering poker, which the state contends violates its constitution. Tribal...

Published September 15, 2014

Decision Time in Massachusetts

With Bay State voters poised to decide the fate of casino gaming in Massachusetts in November the gaming commission will very soon decide whether to issue a casino license...

Published September 15, 2014

Antigua to U.S.: Let’s Make a Deal

Antigua’s new government and Prime Minister Gaston Browne (l.) are taking a more conciliatory line with the U.S. in hopes of getting at least some portion of the money...

Published September 15, 2014

Reforms Gain Momentum in Mexico

Fixing the rules that govern gaming in Mexico is back on the table, and this time Congress is expected to approve it, according to Fernando Zarate Salgado (l.). Supporters...

Published September 15, 2014

FANTINI’S FINANCE: Tracking Trends

Big debt with casino industry vendors, slowing expansion on the operators’ side and new forms of betting, including social gaming, will all have a big impact on the future...

Published September 15, 2014