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Updated: 36 min 42 sec ago
Global Gaming Expo (G2E) is proud to share the next video from the new video series sponsored by Bally Technologies -- Inside the Industry: Insights from Today's Movers and Shakers. Please take a moment to watch the eleventh video in the series, featuring Howard Stutz, Gaming Reporter, Las Vegas Review-Journal. Top industry executives were interviewed at G2E 2013, where they offered insights on today's most pressing issues in the gaming industry. Mark your calendar today for G2E 2014. We'll see you there -- one week later -- Sept. 30 - Oct. 2, 2014, at the Sands Expo and Convention Center.
Florence Scovel Shinn, American artist
PokerStars, based in Europe, is trying for a third time to break into the U.S. online gaming market. The company was denied entry into Nevada and New Jersey, but is now reportedly building partnerships with card rooms and tribes in California. PokerStars is the largest online gaming company in the world, and analysts predict California could generate $1.18 billion in annual revenue from online poker. Las Vegas Review-Journal (3/30)
The New York State Gaming Commission has opened the bidding for four casinos in upstate New York. Applications are due to the commission's Facility Location Board by June 30. The board is still trying to determine license fees and how to quantify local support for the proposed casinos. The Wall Street Journal (tiered subscription model) (3/31)
Several casino developers have proposed casino resorts in the Catskills region of New York. David Brain, CEO of EPR Properties, said the Catskills area is "emotionally connected to the people of New York. People would like to see that reinvigorated." In partnership with Empire Resorts, EPR has proposed a $600 million casino on the grounds of the former Concord Resort Hotel. The EPR project is one of two proposals for the Concord site, and one of six likely Catskills proposals. The Wall Street Journal (tiered subscription model) (3/30)
Nevada casinos reported $926 million in gaming revenue for February, including $824,000 from online poker. February was the first month that the state broke out results from online poker. February figures represented a 13.7% drop from the $1.073 billion in revenue collected in the same month last year, although February 2013 results set an all-time record for baccarat revenue. Las Vegas Review-Journal (3/29)
MGM Resorts International and Longmeadow, Mass., have both submitted final offers before they enter arbitration over payments for the proposed MGM casino in Springfield, Mass. Longmeadow asked MGM Resorts to pay an initial payment of $850,000, followed by annual payments of $275,000 for 13 years. Meanwhile, MGM Resorts offered initial payment of $100,000 under two different scenarios, plus additional funds for traffic mitigation. A panel of three arbitrators will now decide the payment terms. The Republican (Springfield, Mass.) (3/31)
American City Business Journals (3/28)
The Boston Globe (tiered subscription model) (3/30)
Gamblit Gaming, based in Glendale, Calif., has raised $12 million for its technology platform for real-money gambling, and executives hope the technology will enable developers to come up with creative games. "We are excited about the enthusiasm for this space," said David Chang, the chief marketing officer at Gamblit. "We want to be a bridge to all of the developers that want to enter this space in territories around the world." VentureBeat (3/28)
This week, the GGB Podcast features Jon Gray, the vice president and general manager of the Linq, Caesars' new shopping, dining and entertainment mall connecting several casino properties on the east side of the Las Vegas Strip, as the High Roller observation wheel starts spinning.
Online gaming firms offering services in New Jersey will be required to base positions in the state by May 1. State regulators require online gaming companies to locate employees for customer service, fraud detection and accounting positions in New Jersey. "As the industry grows it's likely that we will need more folks, particularly on the customer service side," said Seth Palansky, a spokesman for Caesars Interactive. The Press of Atlantic City (N.J.) (tiered subscription model) (3/30)
Jim Murren, the CEO of MGM Resorts International, said expanding into Japan is a top priority for the Las Vegas company. "Japan received about 10 million international tourists last year. Its government projects that will grow to 20 million by 2020 and 30 million by 2030," Murren said. Japan is considering expanding gaming in the country. Investor's Business Daily (3/28)
The G2E Asia conference team is excited to announce that Tom Arasi, President, COO and Board Director of Solaire Resort & Casino will speak at the 2014 G2E Asia Conference. Mr. Arasi will speak on "Finding the Philippines: Entertainment City and More." At this session, conference delegates will review the status of the higher tax rate in the Philippines, hear about the new IRs that will open this year and hear about the new gaming licenses being proposed beyond Entertainment City. For a full description of this session and to see the G2E Asia conference program, please visit www.G2EAsia.com.
H.L. Mencken, American journalist
The New Hampshire Senate voted 15-9 in favor of a bill to allow two casinos in the state, and the legislation will now head to the state House of Representatives. The bill establishes licensing fees, as well as the number of slot machines and table games allowed at each casino. The legislation also calls for $25 million in revenue sharing, which will be distributed to every municipality in the state. "Every community in the state will benefit," said state Sen. Lou D'Allesandro, the sponsor of the bill. Concord Monitor (N.H.) (3/27)
The Maine Legislature voted against a proposal to allow Maine tribes and racetracks to build casinos in the state. Legislators maintain that regulations must be put in place before casino expansion can occur. "For 22 years we have pursued gaming and we're certainly not going to give up," said Joseph Socobasin, chief of the Passamaquoddy Tribe at Indian Township. Maine is home to two commercial casinos. SeacoastOnline (Portsmouth, N.H.) (tiered subscription model) (3/28)
Scott Kreeger, president of the Revel Casino Hotel, said all the potential buyers of the Atlantic City, N.J., property want to keep the casino open, though he said it is "premature to speculate" on how the process will end. Around 20 to 30 buyers have expressed an interest in the Revel, according to Kreeger. The Miami Herald (tiered subscription model) (3/27)
A law school in Albany, N.Y., plans to introduce coursework on gaming as the state prepares for the construction of casinos in upstate New York. Students can study an academic concentration in equine, racing and gaming law, and in addition to the concentration, the school plans to create an institute on the subject. The Albany Law School said the gaming concentration is the first of its kind in the U.S. American City Business Journals (3/27)
Video Gaming Technologies, a company that makes casino games largely for tribal clients, is investing $3 million in a plan to renovate and expand existing office space, and Chief Administrative Officer Doug Edwards said the company hopes to double in size in five years. It hopes to expand product lines and market to new clients. VGT has seen year-over-year growth for several years, Edwards said, and believes industry growth will continue. American City Business Journals (3/27)