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Updated: 29 min 51 sec ago
During the first half of the year, casinos on the Las Vegas Strip -- where closed casinos are reopening -- reported robust gaming revenue, boasting a "much broader, deeper and diversified pool of visitors," than other regional and local gaming markets, said Keith Foley, a senior gaming analyst for Moody's Investors Service. Moody's predicts gaming revenue in the U.S. will drop by up to 5% in 2015, primarily because of softness in regional markets. Las Vegas Review-Journal (7/28)
N.Y. Gov. Andrew Cuomo signed a law allowing racinos in the state to stay open two hours later until 6 a.m.; they still cannot be open more than 20 consecutive hours per day. The measure is designed to boost revenue at the state's nine racinos. American City Business Journals (7/28)
Colorado voters will decide whether horse racing tracks in the state can offer casino gaming in a November ballot measure. Arapahoe Park in Aurora, Colo., is the only racetrack in the state, but Amendment 68 would allow limited-stakes gaming in three counties if more racetracks are built in the future. The Denver Post (7/29)
Las Vegas-based Affinity Gaming, which operates 11 casinos, received approval from its lenders to resolve issues related to $382.7 million of long-term debt. Affinity also plans to restructure its board of directors to settle a lawsuit with its largest shareholder, Z Capital Partners. Las Vegas Review-Journal (7/28)
The Republican (Springfield, Mass.) (7/28)
Times Union (Albany, N.Y.) (7/28)
Pennsylvania plans to hire outside attorneys to defend against a lawsuit brought by a former partnership for a Foxwoods Casino. The lawsuit seeks the return of $50 million in license fees for a proposed casino which never came to fruition. The state has until Aug. 28 to hire outside counsel. Philly.com (Philadelphia) (7/29)
At the end of 2013, Illinois was home to 3,271 locations with video gaming, and about 1,000 machines per month were installed last year, according to a report from the Illinois Gaming Board. "Video gaming in Illinois has proved to be both a regulatory and technical success as well as an important adjunct to State revenues," the board said in its annual report. Belleville News-Democrat (Ill.) (7/28)
DraftKings.com, which launched in 2012, allows sports fantasy players to engage in daily play. The website has also inked a partnership with Major League Baseball, which like other professional leagues has traditionally opposed sports betting in any form until recently. The New York Times (tiered subscription model) (7/28)
Banyan Tree Holdings, a casino developer based in Singapore, is seeking approval to build a casino in Vietnam at the Laguna Lang Co. resort. The resort features hotels, a golf course and other amenities, including private villas. Vietnam is home to seven casinos, as well as 50 electronic gaming venues, all open exclusively to foreigners. VietNamNet Bridge (7/28)
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Lyndon B. Johnson, 36th U.S. president
Nevada casinos received a boost from wagers on the World Cup in June, scoring $906.9 million in gaming winnings, a 14.4% increase from the same month last year. Meanwhile, revenue from online poker exceeded $1 million in June for the first time since its introduction last year. Nevada's casinos have made $11.2 billion in revenue this fiscal year, a 2.9% increase over last year. Las Vegas Review-Journal (7/25)
Hollywood Casino in Toledo, Ohio, plans to introduce a 12-day poker tournament next month. The Hollywood Poker Challenge includes marquee events with payouts up to $100,000. "Nobody has done a tournament like this in this market," said Ken Lambert Jr., poker room manager and tournament planning veteran who is licensed to run operations in eight states. Toledo Free Press (Ohio) (7/25)
The Iowa Racing Gaming Commission faces a lawsuit over its April rejection of a $164 million casino proposed for Cedar Rapids, Iowa. Gene Kopecky, an attorney who filed the lawsuit, said the commission does not have the authority to deny a license in one county because it fears it can harm business in another county. Iowa City Press-Citizen (tiered subscription model) (7/25)
WWL-TV (New Orleans) (7/26)
Jubreal Chahine made his fortune -- and his casino-cheating career -- by engaging in small cheats and sleights-of-hand, enabling him to evade authorities for years prior to his arrest in Pennsylvania July 19. His arrest was made after he applied for a player's club card using his real information rather than an alias.
Chahine is the top name on the list for "most-wanted" perpetual cheaters from the Nevada Gaming Control Board. Los Angeles Times (tiered subscription model) (7/26)
The SLS Las Vegas, built on the site of the Sahara on the Las Vegas Strip, plans to include a nod to the past in its marketing plan. The $5.2 million "Be Legendary" campaign will include photos of Frank Sinatra and other Rat Pack stars who once graced the casino floor as a way to target customers who want a lifestyle-property experience while honoring the past, said Veronica Smiley, chief marketing officer for SBE Entertainment, co-owner of the SLS, which is slated to open next month. Las Vegas Business Press (7/28)
The recent acquisition by Italy's GTECH of International Game Technology almost happened more than a decade ago -- with the twist that IGT was interested in buying GTECH. In 2000, a deal fell through between the two companies, according to former IGT Chairman Charles Mathewson; the same thing happened five years later. Las Vegas Review-Journal (7/27)
This week, Dr. Mark Yoseloff, director of the Gaming Innovation Center at UNLV, joins the GGB Podcast to discuss his efforts to promote creativity in the gaming industry.