Fri, Jan 15, 2010
With December gross gaming revenues being reported and final 2009 figures emerging, it is becoming clear that the industry continues to struggle with the economic downturn, increased competition, market saturation and customer reticence. But a few bright spots are emerging in the darkness.
Fri, Jan 15, 2010
At its annual convention, one of the most contentious intra-tribal issues was raised in a public forum with an examination of the Morongo tribe’s plan to legalize internet poker in California. Some tribal officials complain that opening up that market, which would include the state’s card clubs, could destroy the Indian gaming industry in California.
Fri, Jan 15, 2010
Pennsylvania’s table-game law extends the deadline for Foxwoods Philadelphia as the casino’s partners could replace Connecticut’s Mashantucket Pequot tribe as the main investor and manager. GGB News has learned that Steve Wynn (l.) and Wynn Resorts may be the savior for the project.
Sat, Jan 16, 2010
Boyd Gaming CEO Keith Smith has been elected chairman of the American Gaming Association’s board of directors, replacing T.J. Matthews, former chairman of IGT.
Fri, Jan 15, 2010
Operators expect a gaming license to come with a time limit. However, the new law in Mozambique, signed last week by President Armando Guebuza (l.), while promoting more gaming development, also allows the government to take over a casino—and all its contents and associated businesses, with no compensation to the operator—when the license expires.
Fri, Jan 15, 2010
By the end of January the last charitable electronic bingo games will go silent in California. The charities that employ them appear to have shot their last legal bolts, which is a victory for the state’s gaming tribes that wanted the games shut down.
Sat, Jan 16, 2010
Chickasaw Nation of Oklahoma member Steffani A. Cochran has been appointed to the National Indian Gaming Commission.
Fri, Jan 15, 2010
The honeymoon for Macau’s new chief executive may be over as China tightens its monetary policy and spawns rumors of new visa restrictions.
Fri, Jan 15, 2010
This week’s Global Gaming Business Podcast features an interview with Michael Johnson, Dean, Cornell School of Hotel Administration, who discusses the college’s increasing emphasis on gaming as part of the degree curriculum.
Sun, Jan 17, 2010
Harrah’s Entertainment takes over management of Planet Hollywood on the Las Vegas Strip even before it finalizes ownership of the property. But reports that the company was ready to resume construction on a hotel tower at Caesars Palace was denied by a company spokesman.
Fri, Jan 15, 2010
Volatility is the word when it comes to gaming stocks, especially in light of last year’s collapse. But how far can they come back before another “correction” hits?
Fri, Jan 15, 2010
The year just passed was tough on most gaming businesses. For the Rank Group, however, encouraging signs were visible that they are at least on the right track with their modern casino brand.
Fri, Jan 15, 2010
If the old saying, “a deal is a deal,” held true, there wouldn’t be much need for the majority of lawyers. Fortunately for some in that profession, the Thai government has decided not to honor a past commitment.
Fri, Jan 15, 2010
The explosive growth of loosely regulated slot arcades has been a constant thorn in the side of Germany’s casino operators. It may be too late, but at least one town is looking to freeze the number of arcades at the current level.
Fri, Jan 15, 2010
The government of Ukraine has taken steps to make permanent what had been sometimes touted as a reorganization of the gaming industry. The result: Say goodbye to Ukraine, at least for the foreseeable future.
Fri, Jan 15, 2010
The government-monopoly-versus-commercial-competition argument appears to have a middle ground after all. In Denmark, the solution is to have a commercial operator, PartyGaming and CEO Jim Ryan (l.), run the business for the monopoly—and gain a head-start on the coming liberalization.
Fri, Jan 15, 2010
A Swaziland casino that originally had local exclusivity is suing several government agencies and officials for their role in issuing a casino license to a nearby competitor.
Fri, Jan 15, 2010
The recent economic near-meltdown left governments everywhere scrambling to examine ways to raise cash from anywhere possible, including casino gaming. However, the creation of two casinos as part of a potential investor’s plan is being opposed by Grenada’s prime minister, Tillman Thomas (l.).
Fri, Jan 15, 2010
A Canadian man is encouraged by an out of court settlement made by the Quebec Lottery in a class action lawsuit brought by thousands who say the state is responsible for their gambling addiction. Halifax, Nova Scotia man Bernie Walsh hopes this will help him in his lawsuit against Atlantic Lottery Corp., Nova Scotia Gaming Corp., the Nova Scotia Alcohol and Gaming Authority.
Fri, Jan 15, 2010
Governor Bob Riley (l.) set the tone for 2010's legislative session with the attempted raid of Country Crossing. A judge intervened, but the fight will go on as lawmakers and taxpayers try to come to terms on gaming down in Dixie.
Fri, Jan 15, 2010
A commission appointed by Governor Jack Markell voted against a report it commissioned itself, recommending that no new casino venues be created. Dover Downs’ COO Ed Sutor (l.) concurs.
Fri, Jan 15, 2010
Although it has the right to build in Columbus, Ohio’s Arena District, Penn National Gaming is at least listening to other proposed locations—and will consider them as long as it doesn’t slow down the regional casino that was authorized by the passage of Issue 3.
Fri, Jan 15, 2010
Nemacolin Woodlands Resort (l.) announced its intention to seek a Category 3 resort license as other casinos announce plans to increase the workforce.
Fri, Jan 15, 2010
With greyhound racing over in the Bay State, there is an added impetus to do something for the state’s two tracks, as well as its two horseracing tracks—such as allowing slot machines to be legalized.
Fri, Jan 15, 2010
A state senator has introduced a bill that would require a constitutional amendment to expand gambling to include racetrack slots.
Fri, Jan 15, 2010
Chicago has over 3,000 bars and taverns that could each deploy up to five slot machines. That’s a hefty pot of taxes waiting for the city. Only problem is, the machines are banned. But that could change.
Fri, Jan 15, 2010
Chicago has over 3,000 bars and taverns that could each deploy up to five slot machines. That’s a hefty pot of taxes waiting for the city. Only problem is, the machines are banned. But that could change.
Fri, Jan 15, 2010
Indiana’s Horseshoe Casino is getting ready to target gamblers who may never have visited a riverboat casino before.
Fri, Jan 15, 2010
Red Rock Resort and Santa Fe Station have closed their resident clubs, making way for new nightlife offerings at the two Station properties.
Fri, Jan 15, 2010
Magna Entertainment Corporation has reached a reported settlement with creditors that will allow the operator to emerge from bankruptcy while retaining some assets.
Fri, Jan 15, 2010
Harrah’s Entertainment must pay up $100,000 after being cited by the Nevada Gaming Control Board for violating sports book wagering regulations.
Fri, Jan 15, 2010
Attorneys for Lorenzo and Frank Fertitta III (l.) claim that the brothers stood more to lose than the company’s creditors in Station’s leveraged buyout in 2007.
Fri, Jan 15, 2010
CEO Randy Black says the company’s restructuring efforts and focus on maximizing profits has necessitated cutbacks at the executive level.
Fri, Jan 15, 2010
Resorts will revive the cheap table games next month. Retro Blackjack will also include a 25-cent fee to defray operational costs.
Fri, Jan 15, 2010
Casino employees can speak publicly on union issues, rules labor board; Trump organization, which had attempted to restrict employee spokespeople, calls UAW challenge “a desperate attempt.”
Fri, Jan 15, 2010
State commissioners say the airport is ineligible for a horseracing permit that might enable it to install slots. County lawmakers, desperate for funds to run Miami International, aren't taking no for an answer.
Fri, Jan 15, 2010
Off-Track Betting Corp. of New York City says it could close if legislators don't slash the revenue it shares with the state and horse industry. Horsemen claim OTB gets enough from the thoroughbred industry.
Fri, Jan 15, 2010
The new leader of the Mashantucket Pequot Tribal Council, Rodney Butler (l.), prefers to talk about family, not the financial situation at Connecticut's Foxwoods casinos.
Fri, Jan 15, 2010
Wells Fargo Bank demanded oversight of Wisconsin tribe after it defaulted on $50 million in bonds. A federal court judge refused, saying that appointing a receiver would be the equivalent of creating a management contract.
Fri, Jan 15, 2010
The third casino by the Red Lake Band of Chippewa, the Seven Clans Casino near Red Lake, Minnesota, is much larger and promises to be much more profitable than the one it has replaced.
Fri, Jan 15, 2010
The Richmond, California City Council last week granted developer Upstream Point Molate LLC two more months to identify its financing for the $35 million that the developer will pay the city for an old Navy fueling depot that it hopes to turn into a $1.2 billion casino resort project.
Fri, Jan 15, 2010
Global Gaming RP, owned by the Chickasaw Nation, is quickly renovating its newest property, Remington Park in Oklahoma City (l.).
Sat, Jan 16, 2010
Christopher Bell (l.), the man at the helm of U.K. gaming giant Ladbrokes for almost a decade will step down by the summer of 2010. The company will need someone with a feel for both online and traditional gaming, as well as the ability to navigate the U.K. environment.
Sat, Jan 16, 2010
The president of the business markets group for Sprint Nextel is joining the board of directors for slot leader International Game Technology.
Sat, Jan 16, 2010
After contracting with Greektown Hotel-Casino to provide marketing and operational consulting services to the property—which is currently preparing to emerge from Chapter 11 bankruptcy—Isle of Capri Casinos has hired Robert Wyre to oversee the consulting services as the company’s new vice president.
Sat, Jan 16, 2010
Thomas Osiecki has been promoted to the position of president and general manager for American Racing and Entertainment’s two racinos, Tioga Downs and Vernon Downs.
Sat, Jan 16, 2010
Kip Haverman, JCM Global’s Western regional sales manager, has been promoted to the position of North America sales director after nine years with the company.
Sat, Jan 16, 2010
Lame-duck New Jersey governor stirs controversy with eleventh-hour appointments, including attorney Michelline Davis, named to Casino Reinvestment Development Authority.
Sat, Jan 16, 2010
Kim Townsend (l.), the CEO of Pinnacle Atlantic City, was reportedly headed for Lumiere Place in St. Louis. With that plan shelved and Atlantic City on “indefinite hold,” Townsend's fate is unclear.
Sat, Jan 16, 2010
International Game Technology supplies slots and the EZ Pay solution to Casino Loutraki (l.) near Athens, Greece.
Sat, Jan 16, 2010
Slot supplier Video Gaming Technologies is using a custom-designed hardware platform supplied by Innocore Gaming on its new games.
Sat, Jan 16, 2010
FutureLogic, Inc. has introduced a new universal ticket and receipt printer that handles both indoor and outdoor applications.
Sat, Jan 16, 2010
MEI has added a relatively large Bulgarian casino group to the list of operators requiring its Cashflow SC83 bill validator on new purchases of electronic gaming machines.
Sat, Jan 16, 2010
Atronic International announced the installation of its first games in Mexico, at the Pringsa group’s new Casino Life Del Valle.
Sat, Jan 16, 2010
Elixir Gaming Technologies has signed a deal to place an additional 200 slot machines at the NagaWorld casino resort in Cambodia.
Sat, Jan 16, 2010
Barona Casino has installed the G3 progressive jackpot system, produced by DEQ Systems Corp., on nine of its specialty poker tables.
Sat, Jan 16, 2010
Apertor Hospitality, LLC is open for business, with the firm’s roster of hospitality veterans providing a variety of management and consulting services to new properties and struggling businesses in the gaming and hospitality fields.
Sat, Jan 16, 2010
A deal with Abu Dhabi-owned entertainment promotion company Flash Entertainment will see the Ultimate Fighting Championship franchise expand into the Middle East.
Sat, Jan 16, 2010
With gambling a part of the Chinese culture, the prohibition on the activity by the government causes contradictions. Sanctioned in Macau, it is forbidden in any other part of the nation, spawning illegal and backroom casinos and gambling rooms to flourish.
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