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Ruling stops Texas Hold'em play at Idaho casino

Industry
Revel says it has $90M offer to buy closed casino September 14, 2014 by Staff & Wire Reports

A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week. The casino said in the bankruptcy court filing that Glenn Straub’s Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.

New Jersey lets MGM keep half of Borgata casino September 13, 2014 by Staff & Wire Reports

New Jersey casino regulators let MGM Resorts back into the Atlantic City casino market. The Casino Control Commission voted to let MGM reclaim its 50 percent ownership of the Borgata. 

Trump Entertainment Resorts files for bankruptcy September 12, 2014 by Staff & Wire Reports

Trump Entertainment Resorts filed for bankruptcy and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.

Dayton racino sees strong opening September 11, 2014 by Staff & Wire Reports

The numbers show that the state’s newest racino had a big opening weekend. Hollywood Gaming at Dayton Raceway, which opened Aug. 28, recorded nearly $1.9 million in net winnings during the four days it was open in August.

Ohio casino revenues increase nearly 4 percent September 10, 2014 by Staff & Wire Reports

A monthly update shows Ohio’s casino revenue increased nearly 4 percent in August compared with the previous month but fell shy of the totals from a year earlier.

Gaming law differences make or break casinos September 09, 2014 by Phil Hevener

Gaming Insider | There are signs the feds are putting increased pressure on legitimate gaming-oriented businesses, treating them like so many outlaws.

New Jersey adopts sports betting despite federal law September 09, 2014 by GT Staff

In a bold move to challenge the federal government’s ban on sports betting in most states, New Jersey Gov. Chris Christie issued a directive Monday allowing the state’s casinos and racetracks to offer sports betting effective immediately.

Sports writing changed with the advent of the computer September 09, 2014 by Scott Schettler

Gaming Yesterday | Being knowledgeable about sports wagering is not a must in today’s books. It wasn’t always like that.

GTECH's 3D slots make Atlantic City debut at Tropicana September 08, 2014 by Ray Poirier

GTECH, the Italy-based slot manufacturer that is in the process of acquiring International Game Technology (IGT), has produced a 3-D slot machine that is making its Atlantic City debut this week at the Tropicana Hotel/Casino.

MGM Resorts: Osaka plan 'unique' September 08, 2014 by Ray Poirier

While Japan decides whether it really wants to approve casino gambling, MGM Resorts International (MGM) has unveiled its vision for a property that would be “unique to Japan” and not a re-packaged copy of a Las Vegas casino.

Wynn's Massachusetts design takes a beating September 08, 2014 by Ray Poirier

A week ago, a Boston newspaper told Wynn Resorts Ltd. (WYNN), “Boston ain’t Las Vegas, baby!” This week, Steve Wynn has been told the Massachusetts Gaming Commission doesn’t like the look of his Everett casino project.

Global Cash Access acquires Multimedia Games September 08, 2014 by Ray Poirier

Global Cash Access Holdings Inc. (GCI), whose primary source of business is providing cash solutions to the casino industry, announced Monday it has agreed to acquire Multimedia Games Holding Co. for $1.2 billion in cash.

Gloomy prospects in Macau may only be temporary September 08, 2014 by Ray Poirier

Prospects are pretty gloomy in Macau right now, what with three consecutive months of declining gaming revenues but that may only be short term, say analysts at Deutsche Bank.

Junior bondholders file suit against Caesars Ent. Corp. September 08, 2014 by Ray Poirier

Some junior bondholders have filed suit against Caesars Entertainment Corp. (CZR) charging that the company has made a “backroom deal” with other bondholders to their detriment.

Ruling stops Texas Hold'em play at Idaho casino September 08, 2014 by Ray Poirier

A federal judge in Idaho has ruled that Texas Hold’em poker is a game of chance and not skill and therefore it cannot be played at a tribal casino in northern Idaho.

NBA commissioner believes legal betting will come September 08, 2014 by Ray Poirier

Commissioner Adam Silver of the National Basketball Association (NBA) believes that although sports betting is currently banned in most states things will change in the future.

Mohegan Sun launches casino lobbying campaign September 08, 2014 by Ray Poirier

With the approaching deadline for the naming of a successful bidder for the Boston-area casino license in Massachusetts, Mohegan Sun has launched a lobbying campaign.

N.Y. casino committee to decide on casino licensing September 08, 2014 by Ray Poirier

Like Massachusetts, New York decided late to get into the casino business. At least, the lawmakers were not motivated in that direction until Gov. Andrew Cuomo began pushing for four casinos to be licensed in the northern part of the state.

Cafe trying to stay open past Trump Plaza closing September 08, 2014 by Ray Poirier

Among the many restaurant holdings of the Golden Nugget’s Tilman Fertitta is the Rainforest Café. One such restaurant is located in the Trump Plaza which is set to close on Sept. 16. 

Casino Insider - 9.8.14 September 08, 2014 by Ray Poirier

Casino Insider | Read the latest casino industry news bites about Silverline Interactive Technologies Plc., Bally Technologies Inc. (BYI), Gaming and Leisure Properties, Inc. (GLPI), Churchill Downs Inc. (CHDN) and so much more.

Casino Industry

Macau revenues fall for third consecutive monthREVENUE FELL 6.1%

Macau revenues fall for third consecutive month

Lower share prices for the gaming companies doing business in Macau hinted that revenues during the month of August would be far from the gaming growth percentages of the past.

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