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Updated: 14 min 50 sec ago
Three of the top women in gaming, Elaine Wynn, Jan Jones Blackhurst and Patricia Becker, will provide insights on challenges they've faced in the gaming industry on Feb. 19 at the Mob Museum in Las Vegas. Seating for the event is limited. Reserve a seat now!
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 eighth video in the series, featuring John Restrepo, Principal, RCG Economics. 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.
Barbara W. Tuchman, American historian
New Jersey regulators approved an application for Wynn Interactive to offer online gaming in the state with partner Caesars Interactive, but the company has since reconsidered. Michael Weaver, a spokesman for Wynn Resorts, said the company does not consider online gaming "to be a good entrepreneurial opportunity. Consequently, our plans are on hold until we understand the business opportunity." While he does not see a reason to invest in online gaming at the moment, he also does not plan to back Las Vegas Sands Chairman Sheldon Adelson's plans to prohibit its legalization. Las Vegas Review-Journal (2/4)
A Florida lawmaker plans to introduce a bill to allow casinos in Miami-Dade and Broward counties, but not the entire state, as statewide expansion has been taken off discussion agendas this year. "I think a big gambling bill is best defined by content, not size," said Sen. Garrett Richter, chairman of the state Senate Committee on Gaming. American City Business Journals (2/4)
Boyd Gaming Corp. selected Bally Technologies to operate Boyd slot machines at 18 casinos in seven states. Analysts predicted the systems deal could be worth up to $38 million for Bally. Based in Las Vegas, Bally replaces a system from Aristocrat Technologies. Las Vegas Review-Journal (2/4)
New York developer and hopeful casino licensee Louis R. Cappelli has come to an agreement with Foxwoods Resort Casino and Muss Development. Cappelli will allow them to use land in the Catskills at the site of the former Grossinger's resort. The two will pursue licenses separately but will work together in the development of 1,200 acres in order to "maximize economic benefits" for the area, Cappelli said. Times Union (Albany, N.Y.) (2/3)
Las Vegas Review-Journal (2/3)
The Indiana Gazette (Pa.) (2/3)
The Daily News (Longview, Wash.) (2/4)
Caesars Entertainment announced its luxury hotel and casino on the Las Vegas Strip will be named The Cromwell. Caesars had planned to reopen the hotel with the Gansevoort Hotel, but dropped the hotel group from its plans after the Massachusetts Gaming Commission questioned the partnership. The $185 million renovation of the former Bill's Gamblin' Hall is slated to open in spring. "The Cromwell will bring an exclusive experience to the Las Vegas Strip as a luxury lifestyle boutique hotel focusing on hospitality, amenities and personalized service," said Karie Hall, general manager of The Cromwell. The Gazette (Montreal) (tiered subscription model) (2/3)
Sports books in Nevada earned $19.7 million from betting on the Super Bowl after the Seattle Seahawks defeated the Denver Broncos by a score of 43-8. Wagers totaled a record of $119.4 million for Super Bowl XLVIII. According to the Nevada Gaming Control Board, casinos won 16.5%, the highest percentage since 2005. Las Vegas Sun (2/3)
CashBet, based in Oakland, Calif., has raised $1.7 million from angel investors to develop an online gaming platform with real-money wagering. CashBet has secured an online gaming license from the British Channel Islands. Founded in 2012, CashBet provides its platform to publishers such as Gamzio. VentureBeat (2/3)
The Bureau of Indian Affairs gave its official blessing on Monday to the gaming compact between Massachusetts and the Mashpee Wampanoag tribe. The Mashpee have proposed a $500 million tribal casino for Taunton, Mass., and under the compact, the tribe doesn't need to go through the traditional licensing process and only pays the state if no other casino is built in the southeastern region. Cedric Cromwell, the tribal chairman, said the project would provide "a tremendous economic uplift for the people of Southeastern Massachusetts, City of Taunton and the Mashpee Wampanoag Tribe." Milford Daily News (Mass.) (2/3)
Steve Wynn, the chairman and CEO of Wynn Resorts, said Wynn Macau plans to invest $65 million to expand the gaming floor. "We have drawings in and we're waiting final approval to start the construction on a very dramatic reinvention of the west side of the casino, which is towards MGM in Macau," said Steve Wynn. Macau Business Daily (2/4)
AGA Vice President Whit Askew will participate in a Senate policy briefing today that examines the issue of patent trolls. The gaming industry has been hit with frivolous lawsuits that hurt business and innovation. Today's briefing allows the gaming industry, and other business groups, to stress the need for legislation to stop patent trolls.
At G2E Asia 2014, conference delegates will have the opportunity to learn about the current operations and financial future of leading Asian gaming companies. The Gaming Investment Forum, taking place Thursday, May 22, at G2E Asia, will feature chairmen, presidents and CFOs explaining expansion plans, market dynamics and company strategies. Speaker announcements to come.
Carroll O'Connor, American actor
Nevada casinos reported $11.1 billion in winnings for 2013, a 2.6% increase year-over-year and the highest statewide win since 2008. In 2013, casinos on the Las Vegas Strip accounted for 58.4% of winnings, and this year increased revenue by 4.8%. Analysts say much of the revenue increase was because of baccarat, which earned revenue of $1.6 billion, an increase of 16.2% over last year -- without baccarat, statewide revenue would have increased only .6%. As a percentage of revenue, slot machines decreased in prominence to 60.6% of the total, and online gaming revenue remains unclear. Las Vegas Review-Journal (1/31)
A New Hampshire House committee plans to hold a hearing on Thursday on a bill that would allow one commercial casino in the state. The legislation would also strengthen regulations on gaming in the state. The Republic (Columbus, Ind.) (2/3)