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Updated: 50 min 51 sec ago
The Aquinnah Wampanoag tribe has filed legal briefs to overturn Massachusetts' denial of a tribal casino on Martha's Vineyard. The tribe's plan to convert a community center on the island into a small casino was challenged by Mass. Gov. Deval Patrick in a lawsuit. The Providence Journal (R.I.) (free registration) (9/2)
Las Vegas Sands is evaluating locations in South Korea for an integrated casino resort, said George Tanasijevich, managing director of global development. "We think it is a top development opportunity for our industry, for our company, and we are very eager to find an opportunity to contribute in Korea in an appropriate manner," he said. The Korea Herald (Seoul) (9/2)
The Bahamas is expected to introduce this week a bill allowing online gaming. In May 2013, a law was proposed that would have allowed online gaming by tourists whose home countries allowed the practice; it is unclear whether the current bill would be similar in scope to that bill. PokerNews.com (9/2)
The AGA Communication Awards deadline closes this Friday, 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.
G2E is working to identify Emerging Leaders in the gaming industry under the age of 40 who are on the path to executive management or who have achieved this level already due to exemplary achievement within their role. The nomination deadline is Monday, Sept. 8. This year's program offers five seminar scholarships, designed to support the flight and hotel cost of attending G2E, and will include a 4-day seminar pass and a mentoring event with top executives in the industry. Nominate yourself or submit your nomination.
William James, American philosopher and psychologist
Caesars Entertainment, the owner of the Showboat Casino Hotel, has found jobs for more than 470 casino workers after the Atlantic City, N.J., casino closed on Sunday. Caesars also owns three other casinos in Atlantic City: Caesars, Harrah's and Bally's. The Showboat, which closed after 27 years, employed around 2,000 workers. Philly.com (Philadelphia) (8/29)
The Revel casino in Atlantic City, N.J., will close its doors today after two years of operations. The high-end casino, built for $2.4 billion, never found a niche with regular Atlantic City casino visitors, experts say. "If there had been a range of new attractions and potential customers with enough discretionary income, I think that Atlantic City could have absorbed the new capacity," said David Schwartz, director of the Center for Gaming Research at the University of Nevada Las Vegas. Las Vegas Review-Journal (9/1)
Fitch Ratings has forecast $2.5 billion in casino revenue for Atlantic City, N.J., in 2015, meaning that most of the revenue generated by the casinos that are closing will stay in the city. The ratings service also said it does not predict any casino closures next year, as well as boosts in business to Taj Mahal, Caesars and Bally's. Its overall picture of Atlantic City is bright: "Atlantic City remains one of the few places in the populous tri-state area to offer a full suite of eat, play and stay options and has by far the lowest gaming taxes," its report stated. Las Vegas Review-Journal (8/29)
As New York prepares for casino projects, experts say finding the right balance between size and cost can be tricky. "You need the right-sized building that can operate efficiently," said Mitchell Grossinger Etess, CEO of the Mohegan Tribal Gaming Authority, which has proposed a $550 million casino in upstate New York. Other casino developers also stress the importance of appealing to the locals market. Fort Worth Star-Telegram (Texas) (8/31)
The Hollywood Casino Columbus has prompted an economic revival in the west side of the Ohio city. The $400 million casino opened almost two years ago, and businesses have opened near the casino to cater to the casino visitors. "If it wasn't for the casino, none of this would have happened," said Chris Haydocy, president of an economic-development group called Weston Vision. The Columbus Dispatch (Ohio) (8/31)
The Poarch Band of Creek Indians held an information session last month for local businesses in Alabama looking to partner with the tribe. The Poarch Creeks operate bingo parlors and racinos in the state as the only federally-recognized tribe in Alabama. "We would never stop looking at opportunities for us to expand gaming in other areas. That's just good business." said Robert McGhee, vice chairman and tribal relations adviser. AL.com (Alabama) (9/2)
Macau casinos are looking for more entertainment options to boost the profile of the gaming mecca, as non-gaming revenue currently makes up between 5% and 10% for each of the region's casinos. Sands China has hosted a Rolling Stones concert and other high-profile events such as boxing matches. "We're trying to raise the visibility of Macau, raise the visibility of the brand, and, since we're in business, make some money," said Ed Tracy, president and CEO of Sands China. Forbes (8/31)
Casino revenue in Macau dropped 6.1% in August, marking the third month in a row of declines. A crackdown by China has affected gaming revenue, experts say. "China's anti-corruption campaign seems to be keeping some high-rollers out of Macau, and that's unlikely to change much in the fourth quarter," said Philip Tulk, an analyst at Standard Chartered Bank. Macau Daily Times (Macau) (9/2)
A Filipino lawmaker has proposed a bill that would impose a roughly $80 entrance fee for local gamers to visit casinos. Some other countries, such as Singapore and India, also impose entrance fees on locals. Manila Bulletin (Philippines) (9/1)
The Early Bird Discounts for the new flexible pricing options at G2E 2014 expire on Friday, Sept. 5. Register for your FREE Exhibit Hall Pass (a $299 value) today.
Mary Kay Ash, American businesswoman
Casinos on the Las Vegas Strip reported a 4.8% increase in gaming revenue for July on a year-over-year basis, marking the Strip's fifth consecutive monthly increase and fueled largely by baccarat, though slots and table games both saw revenue increases. Casinos statewide reported $931.8 million in gaming revenue for July, marking an increase of less than 1% from the same month last year. Las Vegas Review-Journal (8/28)
The Iowa Racing and Gaming Commission approved a plan for casino developers to purchase land for Rhythm City Casino. The seven-story, $110 million casino will offer 100 hotel rooms, four restaurants and a 50,000-square-foot gaming floor. KWQC-TV (Davenport, Iowa) (8/28)
Churchill Downs has appointed William Carstanjen to serve as CEO. Carstanjen has worked in various roles, including president, since joining the company in 2005. He replaces outgoing CEO Robert Evans, who will remain chairman of the board. American City Business Journals (8/28)