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Updated: 21 min 13 sec ago
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Madeleine L'Engle, American writer
California is taking steps to stop the spread of Internet sweepstakes cafes. A proposed bill would outlaw the cafes, which offer video games similar to slot machines. According to a report by the American Gaming Association, Internet sweepstakes cafes have appeared in at least 19 states. KXTV-TV (Sacramento, Calif.) (6/28)
Casino developers must submit final bids today to the New York Gaming Commission for projects proposed for upstate New York. Caesars Entertainment Corp., Mohegan Sun, Hard Rock International and Genting Bhd. are among the final bidders. Foxwoods recently dropped out of the race, which is down to 17 teams vying for four casino licenses in three regions. Bloomberg Businessweek (6/30)
N.Y. Gov. Andrew Cuomo is reviewing a bill that would let racinos in the state stay open until 6 a.m., rather than their current 4 a.m. closing time. The bill would also let racinos grant more free-play credits. Las Vegas Review-Journal (6/27)
Penn National Gaming Inc. has left the race for a casino in Philadelphia, leaving four contenders vying for the city's second license. The company had proposed a $480 million casino for South Philadelphia, but the city favored another location. MassLive.com (6/28)
Gaming revenue for Nevada rose 8% in May to $970 million on a year-over-year basis. Casinos on the Las Vegas Strip reported a 17% increase in revenue for May, while South Lake Tahoe, Nev., reported an 18% revenue jump and Reno reported a 4% increase for the month. Baccarat revenue was up 85% year-over-year. The Miami Herald (tiered subscription model) (6/27)
The Miami Herald (tiered subscription model) (6/27)
The Gazette (Colorado Springs, Colo.) (6/27)
Las Vegas Review-Journal (6/27)
Chairman Peter Bernhard plans to leave the Nevada Gaming Commission today after serving in the position for 13 years -- longer than anyone else. "Once the I-gaming bill passed and allowed for interstate compacts, I felt I completed the last goal," Bernhard said. Pat Mulroy will finish out Bernhard's term, which ends in April. At that time, Tony Alamo Jr. will succeed Bernhard as the next chairman. Las Vegas Review-Journal (6/29)
Patricia Tate, vice president and chief financial officer of Casino Arizona and Talking Stick Resort, said a sense of humor is key for women executives in a male-dominated industry such as gaming. "I see the humor in it, and I'm not as offended as I once was, but that comes with time and through earning your place," she said. AzCentral.com (Phoenix) (6/29)
This week, the GGB Podcast speaks with Steve Park, the managing director of KORE Company, a Korean consulting company focused on the Korean casino industry and its growth potential.
G2E's popular State of the Industry Keynote has been expanded to feature leaders from across the international gaming industry over two days to give you more of the conversations that matter with the people you want to hear. Day 1 "State of the Industry: The Operators" will feature James Allen, CEO of Seminole Gaming/Chairman of Hard Rock International and James Murren, Chairman & CEO of MGM Resorts International. Day 2 "State of the Industry: The Manufacturers" will feature Jamie O'Dell, CEO & Managing Director of Aristocrat Leisure, Ltd., Patti Hart, CEO of International Game Technology and Pat Ramsey, CEO of Multimedia Games.
Thomas Carlyle, Scottish writer and historian
Boston Mayor Marty Walsh asked the Massachusetts Gaming Commission to delay a casino vote until after a November ballot question on repealing the state's casino law is decided. Mohegan Sun and Wynn Resorts have both proposed casino projects near Boston, and Mohegan Sun said it was "shocked and extremely disappointed" by the mayor's request, saying that it had cooperated with the city "in good faith." Las Vegas Review-Journal (6/26)
The Showboat Atlantic City Hotel and Casino in Atlantic City, N.J., notified employees that it could close by Aug. 31. Gary Loveman, chairman and CEO of Caesars Entertainment, said in a statement the closure is "a necessary step to help stabilize our business in Atlantic City and support the viability of our remaining operations in the vicinity." The Press of Atlantic City (N.J.) (tiered subscription model) (6/26)
The Mississippi Gaming Commission on Thursday approved a request from the Scarlet Pearl Casino in D'Iberville, Miss., to continue construction. The panel denied a request for site approval from the Jacobs Entertainment casino in Diamondhead, Miss., because of concerns about its impact on the Bay of St. Louis. The Sun Herald (Biloxi-Gulfport, Miss.) (6/26)
Caesars Entertainment plans to appeal a lawsuit dismissed by a federal court against Stephen Crosby, the chairman of the Massachusetts Gaming Commission, according to court documents. Caesars had proposed a $1 billion casino for Suffolk Downs racetrack before it was asked to withdraw from the project. Caesars alleges Crosby had a conflict of interest because of a longstanding relationship with a land owner that sold land to Wynn Resorts for a competing project in Everett, Mass. The Republic (Columbus, Ind.) (6/26)
A ruling by a Polk County District Court judge will allow the Argosy riverboat casino to stay open through at least July 10 in Sioux City, Iowa. Judge Eliza Ovrom approved a brief stay against an order from the Iowa Racing and Gaming Commission to close the casino by July 1. A hearing is scheduled on July 10 for the casino owned by Penn National Gaming. KCRG-TV (Cedar Rapids, Iowa) (6/26)