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Georgia gambling talks scheduled

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Tighter slots have not produced more gaming revenue September 04, 2015 by Phil Hevener

Tighter slot machines have not produced increased gaming revenue and the hold percentages could be a reason for the decline, according to a study commissioned by the gambling equipment industry’s largest trade association.

Five big innovations in iGaming September 02, 2015 by David Cash

​As with any profit-making niche, iGaming is a business sector that seldom settles into a smooth groove and stays there. The amount that people spend on online gambling has increased year upon year without fail since figures were first calculated.

Moody's sees 'solid start' at Plainridge September 02, 2015 by Phil Hevener

Massachusetts’ first casino is off to a “solid start” that Moody’s Investors Services says puts it on track to earn $210 million in its first year, about $10 million more than the state’s early projections.

It's topping-off time at Saratoga hotel September 02, 2015 by Phil Hevener

New York’s Saratoga Casino and Raceway is doing its best to keep pace with the competition in its market and held a “topping out ceremony” this week recognizing the fact that its 108-room hotel project has reached its peak height.

Macau casino revenues continue falling September 02, 2015 by Phil Hevener

Macau casino revenues plunged 35.5 percent during August compared to the same month a year ago. August was the 15th month in a row of double digit decreases, a slide that began with the Beijing government’s crackdown on corruption.

New Jersey loses sports case, now what? September 01, 2015 by Phil Hevener

Gaming Insider | All right… so the gaggle of optimists imagining New Jersey was a step or two away from legal sports betting as it awaited last week’s federal appeals court decision were wrong. Nice try but the state’s argument did not cut the mustard.

Is fantasy sports a skill? Does it matter? September 01, 2015 by The Analyst

The Analyst | One of the most haunting questions around fantasy sports: Is wagering on fantasy sports an exercise of skill or an exercise of gambling, particularly in consideration of daily fantasy sports contests?

Vegas connections can make a huge difference September 01, 2015 by Scott Schettler

Gaming Yesterday | My positions with Jasper Speciale, Churchill Downs and the Stardust among others got my two kids quite a few perks. My daughter Elizabeth and her husband Mike were comped to the top floor of the Dunes, the presidential suite, on her wedding night.

Kidnappings spur Macau casinos to buy insurance August 31, 2015 by Phil Hevener

​What TIME Magazine labels "a wave of guest kidnappings" has caused Macau casinos to take special measures and acquire insurance policies to protect them against abductions. 

Georgia gambling talks scheduled August 31, 2015 by Phil Hevener

​Casino gambling could become Georgia’s vehicle for funding the HOPE Scholarship Program. Commercial gambling is illegal now in Georgia, but some important early steps toward reversing that prohibition could be taken.

Las Vegas visitation figures continue rise August 31, 2015 by Phil Hevener

Southern Nevada visitation figures for July were 5.3 percent ahead of the same month last year. An extra weekend helped make a difference. Convention attendance was off 9.4 percent for the month because of what is described as “show rotation.” 

Wynn Resorts gets Massachusetts permit August 31, 2015 by Phil Hevener

​Wynn Resorts has passed another hurdle in its daunting climb toward actual groundbreaking for the $1.7 billion project that has been described as the largest private development in Massachusetts history.

Beijing leadership considers Macau overhaul August 29, 2015 by Phil Hevener

Maybe the Chinese leadership in Beijing should be careful about what it wishes for in Macau casinos where revenue have been declining month after month for more than a year.

Playtech likes Paddy Power, Betfair merger August 28, 2015 by Phil Hevener

Playtech expects to win more business from customers Paddy Power and Betfair Group as a result of their planned merger, the CEO at the gambling software provider said Thursday, according to Reuters.

Caesars Entertainment wins for the moment August 28, 2015 by Phil Hevener

​Caesars Entertainment has “beat back for now,” Reuters reports, a challenge by bondholders who claimed the company broke federal law when it threw out a promise to help repay $7 billion owned by its bankrupt operating unit.

Top transportation official backs permit for Wynn casino August 27, 2015 by Staff & Wire Reports

Massachusetts’ top transportation official says Wynn has adequately addressed traffic and transit issues surrounding its planned $1.7 billion casino project for the Everett waterfront.

Profits up again in slimmed-down Atlantic City casino market August 27, 2015 by Staff & Wire Reports

Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City’s gambling market last year. Figures released show seven of the eight surviving casinos posted increases in profit in the second quarter of this year.

Paddy Power, Betfair to merge into online betting giant August 27, 2015 by Staff & Wire Reports

Paddy Power and Betfair have agreed to merge, creating one of the world’s largest online betting and gaming companies by revenue. Paddy Power shareholders would own 52 percent of the combined group and Betfair shareholders would own 48 percent.

Union ramps up strike threat against Taj Mahal casino August 27, 2015 by Staff & Wire Reports

Atlantic City’s main casino workers union is ramping up its threat of a strike against the Trump Taj Mahal casino. Local 54 of the Unite-HERE union says it will load a storage trailer on Tuesday with supplies it would need for a strike against the casino.

Morongo Casino high-tech commercials mark industry first August 26, 2015 by Staff & Wire Reports

​Southern California’s Morongo Casino, Resort & Spa is using a new series of high-tech television ads that mark an industry first by combining state-of-the-art Rotoscoping technology with sweeping visuals.

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Casino Industry

Will Nevada books get fantasy sports?NEVADA REGULATION

Will Nevada books get fantasy sports?

The growing multi-billion dollar business of fantasy sports has finally gotten large enough to hold the attention of both the Nevada Gaming Commission and several gaming company CEOs. For the Commission the obvious fantasy sports issues are...

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