WEEKLY FEATURE: Macau’s Credit Card Headache

More bad news for jittery Macau investors. The latest is that local authorities have given the casinos until July 1 to oust illegal hand-held card-swipe devices from their properties....

Published May 19, 2014

Haddrill Reappointed Bally CEO

Two years after yielding the CEO role to Ramesh Srinivasan, board Chairman Richard Haddrill returns to the top post at the gaming supplier. Srinivasan will exit the company after...

Published May 19, 2014

Penn REIT to Buy Meadows

Gaming & Leisure Properties, the REIT spinoff created last year by Penn National Gaming, will acquire the Meadows racetrack casino south of Pittsburgh for $465 million.

Published May 19, 2014

Time Running Out on Gaming in Japan

With only five weeks to go in the current legislative session, supporters are hedging their bets and say the legalization of casinos in Japan may not happen this year....

Published May 19, 2014

Tribal Unity Makes Online Poker Likely in California

A once contentious debate among the various California tribes has long worked against any agreement to legalize online gaming. This year, most of the tribes are united in requesting...

Published May 19, 2014

UK Introduces New Gambling Protections

An update of the United Kingdom’s 2005 Gambling Act aims to protect gamblers without hurting the country’s gambling market. The report partly focused on high-stakes, fixed odds betting terminals—largely...

Published May 19, 2014

WEEKLY FEATURE: Analysts Say Japan Moving Forward

Despite some unsettling reports to the contrary, investment brokers Union Gaming Research Macau maintain that all is fundamentally well in Japan with the process of legalizing casinos. The firm...

Published May 12, 2014

Caesars to Restructure Debt

Caesars Entertainment has restructured its debt through a tender offer that creates new notes, a move that will avoid $1 billion in interest payments. During an investors’ call, CEO...

Published May 12, 2014

Gaming Legend Burton Cohen Passes

MGM Resorts board member and gaming legend Burton Cohen passed away last week at the age of 90. Cohen played a role in the development of Las Vegas in...

Published May 12, 2014

Macau Casino Stocks Take Hit From Junket Operator, Credit Card Issues

Credit Suisse says the disappearance of a Macau junket operative with something like $1 billion may signal a good time for investors to hold off buying more Macau casino...

Published May 12, 2014

Genting Berhad Works Toward Approval For Mega-Resort in Las Vegas

Nevada gaming officials are expected to review a finding of suitability May 22 for Genting Berhad’s planned mega-resort. Company officials met with the gaming board last week to explain...

Published May 12, 2014

Pennsylvania, New York Examine Online Gaming

Two states are getting more serious about online gaming. Members of the Democratic party in Pennsylvania heard about the pros and cons, mainly pros, of legalizing online gaming. And...

Published May 12, 2014

Bally Signs System Wide Deal with Golden Nugget

Bally Technologies will provide systems solutions to all Golden Nugget properties throughout the U.S., connecting to nearly 6,400 slots and table games. The deal includes systems and all Bally...

Published May 12, 2014

GLOBAL GAMING BUSINESS PODCAST: Matt Cullen, Chief Executive Officer, San Manuel Digital LLC

This week the GGB Podcast engages Matt Cullen, the new CEO of San Manuel Digital LLC, on his new job and how the San Manuel tribe hopes to position...

Published May 12, 2014

WEEKLY FEATURE: Much More MGM in Vegas

MGM Resorts International announced several developments last week that will cement its position as the largest and most important operators in Las Vegas. After announcing it will build an...

Published May 5, 2014

Multimedia to Acquire PokerTek

Multimedia Games is acquiring automated table game supplier PokerTek, Inc., producer of the PokerPro multi-player poker game, for $13 million. Multimedia CEO Patrick Ramsey (l.) says the buy gives...

Published May 5, 2014

Lawrence Ho Eyes Casino in Barcelona

A company controlled by Macau casino magnate Lawrence Ho is negotiating with Spanish developers to manage a casino in a planned megaresort complex near Barcelona. The news comes just...

Published May 5, 2014

Supporters, Opponents Debate Chicago Casino

Illinois state Rep. Bob Rita recently proposed two amendments regarding Chicago casinos. One plan would allow a state-owned 10,000-position casino, and the other would permit a smaller Chicago casino...

Published May 5, 2014

Legislators Reject Florida Special Seminole Session

Florida Governor Rick Scott (l.) said he soon may have a new Seminole gaming compact. But legislative leaders indicated they won't hold a special session to ratify it. In...

Published May 5, 2014

Meci Named to Lead New York Project After CEO Steps Down

A sexual assault allegation came back to bite Nevele CEO Michael Treanor (l.) last week as he resigned from the Catskills casino project. Longtime gaming veteran Kathi Meci has...

Published May 5, 2014