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Updated: 10 min 32 sec ago
This week, the GGB Podcast features a discussion with Eric Meyerhofer, the president and CEO of Gamblit Gaming, a company that hopes to exploit the current interest in social games in the gaming industry.
Japan's parliament may not have enough time to enact a casino law before the current session ends on Nov. 30, according to a senior official. Two cabinet ministers recently resigned over a public-funds scandal, which analysts say could affect the casino bill. Reuters (10/20)
The Belgium government plans to issue two more casino licenses for land-based casinos. The move would bring the number of casinos in the country to 11, and could also pave the way for more online casino operators to enter the market. PokerNews.com (10/16)
Check out the G2E 2014: Interview with Ernie Stevens - NIGA on our YouTube channel.
Walt Whitman, American poet and journalist
The city of Revere, Mass., and a union representing employees of Suffolk Downs racetrack have sued the Massachusetts Gaming Commission, seeking to overturn its award of a casino license to Wynn Resorts, alleging that the commission violated state gaming law and gave Wynn "better" treatment than other applicants. Legal experts say the case could be difficult, but not impossible, to win. "Typically, you have to find very substantial abuse of discretion, and that's a high hurdle to overcome," said attorney Cezar Froelich. "It's a chance well worth taking ... But from purely a legal standpoint, it's a long shot." Wynn has not commented on the suit. Boston Herald (10/17)
New Jersey lawmakers on Thursday passed a law to allow sports betting in the state. The bill now heads to Gov. Chris Christie's desk for approval. Philly.com (Philadelphia) (10/16)
MGM Resorts International announced the sale of the Gold Strike casino in Jean, Nev. JETT Gaming will purchase the 400-slot casino and 300-room hotel for an undisclosed price. The casino, which opened in 1987, joined the MGM portfolio in 2005 when MGM acquired the Mandalay Resort Group. Las Vegas Review-Journal (10/16)
A gamer visiting the Horseshoe Casino Cleveland was arrested after falsely claiming his wife was a nurse infected with the Ebola virus. The Ohio Casino Control Commission said the man has been charged with a felony of inducing panic, as well as a misdemeanor of criminal trespassing. The table he'd been playing at was shut down, local police were called, and the Centers for Disease Control and Prevention were notified. The Plain Dealer (Cleveland) (10/15)
The Chicago Crime Commission has launched a campaign against "sweepstakes" machines in Illinois. While legal video gaming machines contribute to state coffers, the unregulated sweepstakes machines do not contribute any tax revenue. St. Louis Post-Dispatch (10/16)
Caesars Entertainment partnered with celebrity chef Giada De Laurentiis and nightlife guru Victor Drai to develop The Cromwell boutique hotel on the Las Vegas Strip, said Caesars exec Eileen Moore at a recent event. "Our partners played a huge design role with us in how the hotel looks and is laid out," Moore said. "And while our casino has only 400 slots and 60 (gaming) tables, the casino had to be designed in a manner that supports the nightclubs, which can have as many as 4,000 people in them in any given night." HotelNewsNow.com (10/16)
The SugarHouse Casino in Philadelphia plans to introduce the first poker tables in the city soon. The 24 tables are scheduled to arrive today, and will be put into play in an interim room as soon as regulators approve them. SugarHouse is building a $2.9 million poker room slated to open in 2015. American City Business Journals (10/16)
The Directorate General for the Regulation of Gambling in Spain plans to issue an as-yet undetermined number of new casino licenses for online gaming. A recent report found that 43% of Spanish online poker players currently play on illegal sites located outside the country. PokerNews.com (10/16)
Ireland will raise around $31 million annually with a new tax on online wagering. The tax will be levied on foreign companies that offer online gaming to Irish residents. Some of the proceeds from the tax will benefit horse and greyhound racing. Irish Examiner (10/15)
Caesars Entertainment Corp. amended a debt agreement to allow senior bondholders a lien, which experts say could mean a Caesars unit is headed for bankruptcy by mid-January. In an August filing, Caesars said insufficient funds to pay off its debt would require it to restructure. Bloomberg Businessweek (10/17)
Take a look at the G2E 2014: Ultra Lounge Uniform Fashion Show Highlights sponsored by CINTAS on our YouTube channel.
Elisabeth Kubler-Ross, American psychiatrist
The eight remaining casinos in Atlantic City, N.J., reported a 3.8% increase in gaming revenue for September on a year-over-year basis. The casinos reported $197.7 million in revenue for last month. Online gaming player registrations grew 5.8% in September, and contributed $10.2 million in revenue. Las Vegas Review-Journal (10/15)
Las Vegas Sands Corp. reported revenue of $3.53 billion for the third quarter, a 1% dip from the same quarter last year, and beating analyst estimates. For the quarter, profits edged up 7.2%. Chairman Sheldon Adelson said the company's mass market strategy will not change, even as Macau numbers drop. "We have experienced cyclicality in Macau in the past, and we believe that the current softness in the environment in Macau today is also cyclical, and that it is only a matter of time before the cycle reverses itself," Adelson said. Las Vegas Review-Journal (10/15)