Fri, Aug 20, 2010
Alexander Tkachyov (l.), the governor of Russia’s only active gaming zone wants to move the action to an established Black Sea resort. But authorities in the neighboring region, which shares stewardship of the current zone, is opposing any change.
Fri, Aug 20, 2010
Poor financial performance in a down economy and a failure of the neighborhoods surrounding it to grow has caused the M Resort in Las Vegas to fall behind in its debt. Lender Lloyds Banking Group drew a dozen bidders when it put the casino resort up for auction last month.
Fri, Aug 20, 2010
The chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Cristino Naguiat (l.), says the corporation’s Entertainment City resort complex in Manila will go forward and that he’s also considering integrated resorts in other cities.
Fri, Aug 20, 2010
When banks turn them down for financing, the court of last resort for many Indian gaming tribes is the Shakopee Mdewakanton Sioux of Minnesota, owners of the Mystic Lake Casino (l.), who have loaned over $200 million in the last two years to fellow tribes.
Fri, Aug 20, 2010
Former head of Empire Resorts claims top officials at Genting New York operated without a license, and worked against his company’s best interests. Joseph Bernstein includes former Foxwoods CEO Mickey Brown (l.) in his accusations.
Fri, Aug 20, 2010
In a Macau talk show, LV Sands President and COO Michael Leven (l.) discusses the good things the company has done in Asia—and the not so good.
Fri, Aug 20, 2010
Ireland is in the process of reviewing ways to renew its obsolete gaming laws, but progress has been slow. Now, with government hurting due to the economy, a new attempt to wring taxes from existing private gaming casinos, like the Fitzwilliam Casino in Dublin, is proving too much for the ailing industry.
Fri, Aug 20, 2010
After nearly 300 years, the Mohegan tribe will once again see a female take the role as chief.
Fri, Aug 20, 2010
Ameristar has waited almost four years since the passing of its founder, Craig Neilsen, to put itself on the market. Was it a gamble to wait so long?
Sat, Aug 14, 2010
This week, the Global Gaming Business Podcast features an interview with Rob Wyre, the general manager of the Isle of Capri Casino in Pompano Park racetrack in Florida, on the effects of the just-passed tax reduction that was linked to the Seminole tribe’s gaming compact with the state.
Fri, Aug 20, 2010
A secondary share offering for Genting Singapore is being considered in Hong Kong in order to raise money for the parent company, avoiding regulatory scrutiny in Singapore and capitalizing on the booming Macau market.
Fri, Aug 20, 2010
Japan always seems to be on the verge of getting a casino gaming bill introduced to parliament. The latest rumor of such a bill reportedly had the local stock market all atwitter.
Fri, Aug 20, 2010
Ad hoc measures from the Vietnamese government that are intended to combat perceived ills presented by the internet could block access to online gambling sites as well
Fri, Aug 20, 2010
The financial collapse of Greece has been felt in the home market’s casino business as well. U.K. Private equity firm BC Partners appears to have jumped onto the casino bandwagon just in time to ride it into the ditch. The Mont Parnes casino is in jeopardy.
Fri, Aug 20, 2010
Competition has arisen for the gaming license to operate a large-format casino at Birmingham, U.K. The original plan for a Genting U.K. property is now facing a challenger in Rank Group’s Grosvenor Casinos unit.
Fri, Aug 20, 2010
Italy is in the process of refining its already liberalized online gaming legislation. New measures submitted to the E.C. for approval include allowances for 200 additional operator licenses.
Sat, Aug 21, 2010
The government of Barbados is once again considering the introduction of casinos, 15 years after the Bishop Commission concluded that the majority of citizens opposed it on the usual grounds. Prime Minister David Thompson (l.) has planned to revamp the island’s gaming industry for the last two years.
Fri, Aug 20, 2010
Internationally active Codere Group has bought a majority stake in Thunderbird Resorts’ Panama entity. The move gives Codere control over six casinos and increases the group’s Panama presence to 11 casinos.
Fri, Aug 20, 2010
The south-central zone in Kansas was a little closer to having a final developer chosen for a state-owned casino with the unanimous endorsement of Global Gaming KS, LLC by the Sumner County Commission.
Fri, Aug 20, 2010
The Texas legislature will probably look at gaming expansion this year, and towns in the state that might benefit from a casino are being urged not to wait until it’s legal to begin pushing for a hometown advantage.
Fri, Aug 20, 2010
The aging Trump Plaza (l.) in Atlantic City seeks a little help in the form of an investment partner. Hard Rock or Planet Hollywood would do, says CEO Mark Juliano.
Fri, Aug 20, 2010
One casino developer, Casino Celebration LLC, remains to bid for a casino in St. Louis Missouri, as the September 1 deadline to submit an application for Missouri’s 13th and final remaining license approaches. Developers have also show interest in Cape Girardeau, Sugar Creek, and St. Louis County’s Spanish Lake.
Fri, Aug 20, 2010
Carl Icahn is the latest to file a suit in the Tropicana trademark controversy between Tropicana Las Vegas and Icahn’s Tropicana Entertainment Inc.
Fri, Aug 20, 2010
R.D. Hubbard (l.), owner of New Mexico racetrack Ruidoso Downs, has committed to staying in the town a full five years if Lincoln County voters approve a business retention tax that would let him keep some of his taxes.
Fri, Aug 20, 2010
Legislative egos and constitutional issues may account for why a Massachusetts gaming bill is probably dead, although the arrival of federal stimulus money has revived hopes that it will be taken up again.
Fri, Aug 20, 2010
Rumjungle doors close after the court ruled in favor of Mandalay Bay’s right to evict the separately owned nightclub, ending a long legal struggle.
Fri, Aug 20, 2010
With 40,000 slot machines projected to be deployed at taverns, bars and restaurants in Illinois by the end of the year, companies that manufacture the machines are looking at a windfall.
Fri, Aug 20, 2010
State budget cuts and an increase in the number of visitors seeking help have left the Problem Gambling Center in Nevada with little options.
Fri, Aug 20, 2010
Dealers at Wynn Las Vegas will appeal a ruling stating that Wynn’s ability to pool their tips with supervisors is legal.
Fri, Aug 20, 2010
After disputes with Perini Building Company, MGM settles a portion of debts with subcontractors.
Fri, Aug 20, 2010
It should boost revenues, but the move has prompted officials to seek a reinstatement of aid to the city and county to offset service costs.
Fri, Aug 20, 2010
The proposed Mason Dixon Resort & Casino near Gettysburg got a nod of approval from a Civil War preservation group, which says the economic benefit of the casino will help tourism.
Fri, Aug 20, 2010
Without slot machines, the owners of Illinois’s racetracks say that it’s only a matter of time before the decline past the point of no return.
Fri, Aug 20, 2010
Palm Beach County looks for a new casino boat to fill port spot after Surfside Princess (l.) fails to pay security deposit.
Fri, Aug 20, 2010
The new general manager of the Mount Airy resort wants to create an entertainment venue that can seat many more than the property’s current facility.
Fri, Aug 20, 2010
Florida Gaming Corporation, along with its Miami jai-alai company, fall farther behind in second quarter.
Fri, Aug 20, 2010
R. Donahue Peebles (l.) is willing to wait for the casino business to regain strength before he begins work on a proposed hotel-casino complex on the Las Vegas Strip.
Fri, Aug 20, 2010
When the Cosmopolitan opens its doors in December, its 2,000 open rooms could increase already tight occupancy issues on the Strip.
Fri, Aug 20, 2010
Gaming revenue has dropped both statewide and on the Strip to the lowest casinos have seen since 2003.
Fri, Aug 20, 2010
A new bunch of stores playing host to online gambling patrons in Chesapeake, Virginia are stirring up attention that the elusive businesses don’t want.
Fri, Aug 20, 2010
Speculation has begun about which casino Harrah’s International will bring to downtown Cincinnati, but whatever it is, the company must be prepared to fight southeast Indiana’s Hollywood Casino for patrons.
Fri, Aug 20, 2010
The majority of funding for the Indiana State Fair and its other sponsored events comes from the state’s many casinos.
Fri, Aug 20, 2010
They’re already counting the money expected from a racino at Aqueduct, the historic track in Queens borough, NYC. The first slots could be online this year.
Fri, Aug 20, 2010
Indian gaming revenues may be flat in other parts of the country, but in Oklahoma revenues are as high as an elephant’s eye and still growing.
Fri, Aug 20, 2010
The process for putting land into trust for Indian tribes is confusing and often time-consuming, sometimes stretching out over the generations.
Fri, Aug 20, 2010
A slot player says he was cheated at an Indian casino, then denied the right to sue due to sovereignty. He wants to take it to the highest court in the land.
Fri, Aug 20, 2010
Tribal casino tells National Labor Relations Board that union reps made ‘false and racially charged appeals’ to sway the vote in their favor.
Fri, Aug 20, 2010
Ploy seen as a way to battle Broward parimutuels, which are now offering the electronic version of the table game for the same price.
Fri, Aug 20, 2010
California lawmakers and Governor Arnold Schwarzenegger (l.) are clashing over a fund that is collected from Indian casinos to provide mitigation to local communities.
Fri, Aug 20, 2010
Sun International appears to have gone with the “give a busy man more work” theory in its appointment of John Lee as resorts director.
Fri, Aug 20, 2010
The management shuffle continues at Macau casino operator Melco Crown Entertainment. The CFO position is being filled temporarily by the current vice president financial compliance, while the company scours the globe for a “suitable candidate.”
Fri, Aug 20, 2010
Gaming Laboratories International will hold its Latin American Regulators Roundtable at the Salón Jacarandá y Ombú del Loi Suites Recoleta Hotel in Buenos Aires.
Fri, Aug 20, 2010
Konami’s radically designed slot machine, which has a moving reel apparatus, debuted at Resorts Casino in Atlantic City.
Fri, Aug 20, 2010
Detroit’s Greektown became the first Michigan casino to launch a free application for Apple iPhone and iPod, designed by Bally Technologies.
Fri, Aug 20, 2010
The leading slot manufacturer will not oppose the patent application of two inventors who have sued the company and other slot manufacturers alleging patent infringement.
Fri, Aug 20, 2010
Gaming Partners International will deliver 102 custom-built gaming tables to the new Las Vegas casino, as well as hundreds of thousands of gaming chips.
Fri, Aug 20, 2010
A new business launched by The Wade Group will help clients obtain permits relating to strategic economic development in an easier way.
Fri, Aug 20, 2010
The three level shopping and dining complex will open 12 new retail stores and dining options before the end of the year. Some have already opened their doors.
Fri, Aug 20, 2010
Interbrand will distribute the peripheral slot products of Elite Casino Products, Inc. in the U.K., Europe, South America and the United States.
Fri, Aug 20, 2010
Underestimating the income of Chinese citizens is a cause for optimism in Macau.
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