HOT Stories more

Gaming machine manufacturers see a bright spot in their future

articles
RSS
IGT tries to convince customers that DDI purchase is good deal January 31, 2012

IGT officials may have a tough sell convincing its best customers that what’s good for the slot manufacturing giant is also good for the rest of the casino industry. Blame it all on a rapidly changing business and social environment.

Not just another Feburary as political race hits Florida counties January 31, 2012

The sounds and furies of political warfare as the GOP presidential pretenders descend upon Florida’s vote rich counties and occupy nearly every waking minute of TV commercial time – bumping the ads of pari-mutuels, racinos and Indian gaming.

Gaming machine manufacturers see a bright spot in their future January 30, 2012

With four casinos under construction in Ohio, another in Maine, and the prospects of additional gambling properties to be built in Massachusetts and possibly in Florida, gaming machine manufacturers see a bright spot in their future.

Casinos have owed more debt than they earn in yearly revenue January 30, 2012

A study by the UNLV Center for Gaming Research, found that Nevada casino debt rose 18-fold to $51.2 billion during the period from 1984 to 2011. Casinos have owed more in long-term debt than they collectively earn in revenue each year.

Two states looking to regulate online gambling January 30, 2012

At least two states – Florida and Ohio – are addressing the problem created by cafes, bars and restaurants that provide computer terminals so that patrons can play casino-styled games. 

Macau casinos flooded with tourists celebrating Lunar New Year January 30, 2012

Macau casinos were flooded with tourists over the past week as Chinese visitors celebrated the Lunar New Year Holiday.  One analyst noted that because of the huge number of customers at the tables the property management raised the table limits.

Gaming consultants submit invoices of more than $1.5 million January 30, 2012

Gaming consultants that are assisting the State of Ohio get into the casino business submitted invoices of more than $1.5 million in 2011, according to a report in the Columbus Dispatch newspaper.

MTR Gaming Group receives video lottery terminal approval January 30, 2012

After waiting several years since acquiring Scioto Downs, the harness track in Columbus, Ohio, MTR Gaming Group Inc. (MNTG) has received approval to operate video lottery terminals (VLTs) at the facility. 

Tax Commission rules meal taxes on 'comped' meals justified January 30, 2012

For several years, each casino in the state has filed for a rebate of the meals taxes paid for guests or employees, saying the taxes were unjustified because no money changed hands when the casino operators "comped" the meals.

Precedence allows Catawba Indian Nation to have gambling January 30, 2012

Nearly two decades ago, the Mashantucket Pequot Indian Nation in Connecticut became eligible to build and operate a casino when the courts ruled that since the state permitted and licensed charitable casino games the Indians were entitled to do the same.

Budget indicates casinos in Mass. not occurring soon January 30, 2012

A fiscal year budget in the Commonwealth of Massachusetts does not include gaming revenues of any kind, suggesting that the licensing of three casinos and one racino, will not take place any time soon.

Worker injured after floor collapses at Cincinnati Horseshoe site January 30, 2012

At least one worker was injured when a floor collapsed at a Cincinnati, Ohio, casino construction site on Friday remained in serious condition on Monday, according to a hospital spokesperson. 

Illinois expected to be first state to implement online gambling January 30, 2012

Illinois is expected to be the first state to implement online gambling, although it will be limited to the sale of lottery tickets, but the District of Columbia is hustling to become the first jurisdiction to offer an expanded menu of intrastate online gambling.

Casino Insider January 30, 2012

Read the latest casino industry news bites about MGM Resorts International (MGM), Boyd Gaming Corp. (BYD), Penn National Gaming Inc. (PENN), International Game Technology (IGT), Las Vegas Sands Corp. (LVS) and so much more.

Gaming regulators fine IGT for failing to disclose information January 30, 2012

The Missouri Gaming Commission has announced a settlement with IGT in which the Nev. based gaming machine manufacturer agreed to pay a fine of $375,000 for not telling officials about a federal subpoena related to its electronic bingo games in Ala.

Cantor Gaming Gains Licensing Approval for Palms Casino Sports January 27, 2012

Cantor Gaming® announced today that it has received final licensing approval by the Nevada Gaming Commission and Gaming Control Board to operate the race and sports book at Palms Casino Resort.

William Hill has company in Las Vegas January 24, 2012

Gaming Insider |  Ladbrokes, the U.K.-based booking giant has made its first U.S. purchase.  Its agreement to pay $3 million for about 65 percent of Las Vegas-based software developer Stadium Technology.

Online lottery tickets to go on sale this spring in Illinois January 23, 2012

It appears that the state of Illinois will be in a position this spring to launch the sale of online lottery tickets, a move that follows the recent federal opinion regarding Internet gambling.  However, the Illinois Lottery will restrict its sale to Illinois residents.

Gaming company, Zynga, making move to online gambling January 23, 2012

Move over, gaming companies, Zynga, the publicly-traded company that brought you such gaming biggies as CastleVille and FarmVille, to name just two, now wants to jump into online gambling to see where the money is. 

Online poker cheating incident reaches a $20 million settlement January 23, 2012

Online poker cheating that took place in the 2003 to 2008 time frame through a Canadian website was settled for $20 million by Ultimate Bet. The website operators, licensed by the Kahnawake tribe of southern Ontario, agreed to the settlement following an investigation.

Top Stories

Less than seven hours after completing the linking of Pai Gow progressive jackpots at gaming tables for all 10 Station Casinos, a Virginia man hit that progressive with a 7-card straight flush that included a joker. He won more than $200,000.

The New York Giants just completed a startling three-game run through the NFC playoff jungle with a 3-0 mark ATS. By contrast, the New England Patriots enjoyed a first-round bye and home playoff wins over underdogs Denver and Baltimore.

Wynn Las Vegas sports book director Johnny Avello tried to hang on with the Patriots -3 as long as he could, but finally had to give in on Thursday morning when the culmination of Giants money over the first 11 days of action became too much.

From the time we knew who would be playing in the Super Bowl, I’ve always had a lean on the Patriots to win. As great as the Giants have been on their march to the Super Bowl, I still can’t get their bad losses out of my head. 

Being in Las Vegas, it’s easy to forget just how many people are betting the Super Bowl "illegally" around the nation. A survey released Tuesday found that at least 25 million Americans will bet money on this Sunday’s Patriots-Giants NFL title game.

Casino Industry

Welcome to our casino industry news section. Find the latest information about casino buyouts, casinos, build outs or bankruptcies. Our casino industry news covers big movers in gambling such as MGM Resorts International (MGM), Las Vegas Sands (LVS), Penn National (PENN), Station Casinos, Caesars Entertainment and more in places like Macau, Singapore, regional casinos around the United States as well as our own Las Vegas.