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Updated: 59 min 8 sec ago
Radio New Zealand News (8/29)
The 26th Annual Gaming Hall of Fame will be held Monday, Sept. 29, at 6:30 p.m. at Hyde at the Bellagio. Celebrate honorees, network with colleagues and support AGA's affiliated charity, the National Center for Responsible Gaming. For more event details, ticket information and sponsorship opportunities, please visit the AGA website.
Although Macau has long since taken the global lead in gaming revenue, it appears that Las Vegas is finally regaining its footing after struggling during the recession, writes Bradley Seth McNew. As both gaming and non-gaming revenue return to pre-2008 levels, companies such as Las Vegas Sands and MGM Resorts can probably expect good results in the near future, he writes. The Motley Fool (8/27)
Bally Technologies said its revenue for the fourth quarter and the fiscal year that ended in June increased 21.8% year over year, although profits fell. Bally's revenue gains were largely driven by its purchase of SHFL Entertainment, analysts said; Bally itself is in the process of being acquired by Scientific Games Corp. Las Vegas Review-Journal (8/28)
Although Isle of Capri announced a $2.3 million loss for the quarter ending July 27, it reported that revenue rose 2% year over year, largely thanks to its casino operations. The company lost $4.9 million in the same quarter last year. President and CEO Virginia McDowell says cost-cutting and profit improvement measures are expected to help Isle of Capri continue to improve its performance. American City Business Journals (8/27)
The Cincinnati Enquirer (tiered subscription model) (8/27)
Analysts say the $442 million Horseshoe Casino in Baltimore is the latest example of a shift in the U.S. gaming industry away from vacation destinations and toward urban areas in which customers live. "Now, [gaming is] a part of American life and if you're going to have it, you should have it in a place where there are a lot of people," said David Schwartz, director of the Center for Gaming Research at the University of Nevada, Las Vegas. St. Louis Post-Dispatch (8/27)
Gamers in casinos in the U.S. and Bahamas can now play two new video poker games on their smartphones or tablets. CG Technology released the games -- Improve Your Hand and Quick Draw -- for use on the Apple and Android platforms in partner casinos. Global Gaming Business magazine (8/2014)
The $30 World Class Millions instant-win ticket, which was made available in Massachusetts in April, has generated more than $259 million in sales since its debut, far exceeding estimates. The Massachusetts Lottery says sales of the ticket, which offers a chance at a $15 million jackpot, are outpacing those in nine other states that began selling the ticket this year. Taunton Daily Gazette (Mass.) (8/27)
Las Vegas Review-Journal (8/27)
The Harvard Medical School's Division of Addiction conducted a two-year study of online gaming and found that at least 95% of participants play in moderation. Only 1% to 5% of players examined showed signs of "intense" gaming behavior, the study found. The median online poker player logs 4.88 hours of play time per week, a supplemental study from the University of Hamburg found. Global Gaming Business magazine (8/2014)
Wisconsin Gov. Scott Walker told the Potawatomi tribe, which operates a casino in Milwaukee, that if it succeeds in its court battle to stop paying the state a $25 million annual fee, its 2003 compact would be voided and it could be forced to give up 2,000 slot machines. The tribe argues that it should not have to pay the fee if a planned casino in Kenosha is approved, because it violates a regional exclusivity clause. Milwaukee Journal Sentinel (tiered subscription model) (8/27)
Tulsa World (Okla.) (8/27)
Citizens of Vietnam are not currently permitted to gamble in the country's casinos, but they are enthusiastic customers of gaming resorts elsewhere in Asia. As the country's economic growth slows, Vietnamese officials are considering implementing a model similar to that used in Singapore which would allow citizens to buy a pass that would permit them to gamble in the nation's casinos. Bloomberg (8/28)
The AGA Communications Awards deadline has been extended to Sept. 5. The AGA Communications Awards program recognizes outstanding advertising, marketing and financial, public relations and corporate communications in gaming. The only such awards program of its kind, the AGA Communications Awards program celebrates the excellence found in the gaming industry's diverse communications efforts. Read more about the event and enter online.
The new interactive and dynamic seminars at G2E will cover topics such as: Behavioral Trends of American Gamblers, Attracting Millennial Customers, Big Data Analytics, Cybersecurity, Game Design, and more. View all seminar sessions and register by Friday, Sept. 5, to save with early bird discounts. Also, don't forget to register for your FREE Exhibit Hall Pass (a $299 value).
Theodore Roosevelt, 26th U.S. president
Some investors in casino firms such as Pinnacle Entertainment and Boyd Gaming want the companies to spin off their real estate holdings into real estate investment trusts. REITs are not required to pay federal income taxes, and some analysts say gaming companies could benefit from the restructuring. "Pinnacle and Boyd are evaluating all potential scenarios to unlock shareholder value," said Cameron McKnight, a gaming analyst for Wells Fargo Securities. Las Vegas Review-Journal (8/26)
Gary Thompson, a spokesman for Caesars Entertainment, said the company gave "an interested party" a tour of the Showboat casino in Atlantic City, N.J., on Tuesday. Caesars has not disclosed who the party is or whether they would operate Showboat as a casino. The casino is slated to close on Sunday, and will be followed by two more casino closures in Atlantic City in September. Las Vegas Review-Journal (8/26)