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MGM adjusts to changing Macau market


Casino Insider

February 27, 2012 8:37 PM by Ray Poirier

Bally Technologies has purchased a system from Chiligaming LTD that will permit the company to offer business-to-business iGaming opportunities for its customers.

The Maine Gambling Control Board has approved a full gaming license for Hollywood Slots in Bangor, a facility operated by Penn National Gaming Inc. (PENN).

The Sheraton Macao, a 3,863-room hotel being built on the Cotai Strip in Macau as part of the entertainment complex being constructed by Las Vegas Sands Corp. (LVS) will begin hiring this week.

Boosted by the Lunar New Year holidays, Macau tourism increased by 18.6% during the month of January. Total visitation was given as 2.5 million.

The Nottawaseppi Huron Band of the Potawatomi Tribal Council has announced that it has a tentative buy-out agreement of the management contract held by a division of Full House Resorts Inc. (FLL).

More Casino Industry ArticlesJoe Francis, the founder of the "Girls Gone Wild" video empire, has lost his court appeal to have a $7.5 million award to Steve Wynn rescinded. Reportedly, Francis’ lawyers had withdrawn and Francis wasn’t properly notified of a court hearing.

David Scott Tate, owner of Cactus Jack’s casino in Carson City, Nevada, has agreed to pay a $15,000 fine for using unauthorized poker chips in tournaments. State gaming licensees are required to use chips that conform to established regulations.

The Nevada Gaming Commission has approved the purchase by Golden Gaming Inc. of the slot machine route and two casinos in Pahrump owned by Affinity Gaming LLC. This will give Golden Gaming some 8,500 slot machines in 650 locations.

Shuffle Master Inc. (SHFL) will discuss its operating results for the first quarter that ended on Jan.31, in a conference call to be held Tuesday, March 6, at 2 p.m. PDT.

Melco Crown Entertainment Ltd. (MPEL) has named Ying Tat Chan as its chief operating officer. Nicholas Naples, who had served with Chan as co-COO, has left the company.

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Ice Cubes | As a life-long Los Angeles Kings fan, it pains me to name my neighbors to be the club to beat. If that doesn’t make my choice truly objective, then there’s not much else I can say to convince you Anaheim will hoist the Stanley Cup this spring.

Slot Club Spotlight | Overlooking the Fremont Street Experience in downtown Las Vegas, The Plaza Hotel & Casino offers guests a variety of gambling choices, including the latest penny slots, high-limit machines, classic favorites.

The Analyst | In attending all days of the gaming industry’s trade show, G2E, I was intrigued by the differences of this year’s show vs. shows of the past and the obvious direction in which the industry is headed.

​The seminars on sports betting and fantasy sports were a social media bonanza along with defining just where this issue lies in the state of New Jersey. “New Jersey is the flashpoint of the entire issue,” said Daniel Wallach, a Florida-based attorney

The head of MGM Resorts International is heading to Springfield this week to shore up support for its $800 million resort casino. President William Hornbuckle visits the city on Monday to “reaffirm” his company’s commitment to building the downtown complex.

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