Report: $38 Billion in 2013 Gaming Tax

A new report from the American Gaming Association shows the industry paid out $38 billion in federal, state and local taxes in 2013. And for the first time, the...

Published October 6, 2014

Ainsworth Breaks Ground on New HQ in Las Vegas

Ainsworth Game Technologies has broken ground for a new 291,000-square-foot headquarters for Ainsworth North America. Congressman Joe Heck and Nevada Governor Brian Sandoval were among the dignitaries attending the...

Published October 6, 2014

GLOBAL GAMING BUSINESS PODCAST: Steve Wynn, Chairman and CEO, Wynn Resorts

This week, a special GGB Podcast features a speech given by Steve Wynn, the chairman and CEO of Wynn Resorts, to attendees at last week’s Global Gaming Expo.

Published October 6, 2014

WEEKLY FEATURE: G2E Duet

Gaming moguls Steve Wynn and Sheldon Adelson (shown with their wives Andrea and Miriam) sang from the same songbook during their G2E addresses last week. Both praised the other...

Published October 6, 2014

Japan: Closing In on Casino Bill

A leader of the coalition backing casino legalization in Japan’s Diet says he expects it will pass during the current fall session. But Tokyo Governor Yoichi Masuzoe (l.) is...

Published October 6, 2014

No Relief for Macau VIP

The Chinese government is reported to be winding down a get-tough campaign targeting abuses within the ruling Communist Party, but at least one gaming analyst warns that the larger...

Published October 6, 2014

Down to the Wire

More than 400 concerned New Yorkers testified for and against new casinos in the state at public hearings held last month. The Lago (l.) casino in Tyre was opposed...

Published October 6, 2014

Resort Casinos in Mexico’s Future

One of the lawmakers spearheading Mexico’s gaming reforms says full-scale casinos will be part of the country’s new gaming landscape. Designed to boost foreign tourism and investment, the casinos...

Published October 6, 2014

WEEKLY FEATURE: Wynn Singing Different Tune in Boston

Just a week after he won the license for the Boston area, Steve Wynn is backing down from his harsh position against big payments to the city of Boston....

Published September 29, 2014

G2E 2014 Kicks Off With Adelson, Wynn

The largest edition of Global Gaming Expo (G2E) in years launched on Monday with more exhibitors and attendees registered since 2007. The highlights of the show will be keynote...

Published September 29, 2014

PokerStars Pulling Out of UK

Major operators PokerStars and Mansion could be the first of an exodus of offshore operators unwilling to submit to the UK’s new licensing regime and new 15 percent tax....

Published September 29, 2014

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