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Updated: 3 min 55 sec ago
A Delaware panel on gaming faces a Jan. 31 deadline to submit recommendations, but members of the panel are still divided on what to recommend and consequently will likely meet again. Delaware's casinos face a 43.5% tax rate from the state, which some officials say should be reduced -- a reduction, however, would require the private casinos to release otherwise confidential information to the state. The Kansas City Star (Mo.) (1/21)
Frank Fahrenkopf, the former president and CEO of the American Gaming Association, will serve as an adviser to CAMS, a software company for online gaming and lottery operations. "Frank's considerable political and gaming acumen will be invaluable as we forge ahead in New Jersey and into other states," said Matthew Katz, CEO of CAMS, in a statement. "He wrote the playbook on how industries like ours can mature and expand within the United States." Reno Gazette-Journal (Nev.) (tiered subscription model) (1/21)
Through a partnership with Zynga, Facebook offers online gambling in the U.K. British Facebook users can play online slots, poker and bingo for real money. In the U.S., Facebook is not yet allowed to offer online gambling. TheStreet.com (1/22)
The Mashantucket Pequot Tribal Nation will not appeal a decision that allowed the government to collect property taxes on slot machines. The tribe, which operates the Foxwoods Resort Casino in Connecticut, said it initially filed a lawsuit "because such taxes are an affront to the tribe's sovereign authority over its territory." The tribe hopes to continue the tax fight in Connecticut, however. The Boston Globe (tiered subscription model) (1/21)
The government of Osaka, Japan, has been holding talks with global gaming companies MGM Resorts International, Caesars Entertainment and Genting Singapore regarding plans to develop a $4.8 billion casino resort. Japan has become a prime growth target among casino firms since Tokyo's selection as the host of the 2020 Olympic Games and subsequent plans by the Japanese legislature to legalize casino gambling in the country. Wynn Resorts, Las Vegas Sands and Galaxy Entertainment have also expressed interest in expanding into the country. Bloomberg Businessweek (1/21)
Beyond the Casino Floor: Economic Impacts of the Commercial Casino Industry, released by the AGA in 2012, is the largest and most comprehensive study of the total impact of the commercial casino industry in nearly 15 years. The report examines not only the direct economic impact on communities where casinos are located, but the indirect and induced impacts of the industry and its employees nationwide. The study also measures the impact of the nongaming amenities that have become a crucial part of casinos' revenue streams. Download the full report.
The official G2E Call For Papers campaign is now closed. However, you may still submit speaker suggestions to Makenzie Lynch, at email@example.com. The G2E Conference Team, the American Gaming Association and the G2E Conference Advisory Board will review all proposals and speaker suggestions to plan for G2E 2014.
Calvin Coolidge, 30th U.S. president
Three major gaming companies, Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International, are expected to have a big year in sales as gaming growth continues to soar in Macau and Las Vegas. In addition to the resort and gaming giants, slot machine producer Multimedia Games is also on tap to produce higher net income in 2014 with more of its machines hitting casino floors. Las Vegas Business Press (1/20)
The New Jersey Senate has a new bill on the floor that would allow the state's online gaming operators to accept players from outside state lines and even the U.S. The open gaming borders could increase customer count by the millions as well as state revenue, as each player would be taxed at the same rates of New Jersey residents. State Sen. Raymond Lesniak reintroduced the bill that was first introduced in November. Poker News Daily (Las Vegas) (1/20)
Gaming and resort companies MGM Resorts, Wynn Resorts and Mohegan Sun will have a face-to-face meeting with the Massachusetts gaming commission Wednesday to pitch plans for several resort casinos, the first of their kind for the state. Each company will give a 90-minute presentation in a bid for two casino licenses to build in Springfield, Revere or Everett. Las Vegas Review-Journal (1/20)
Georgia residents in support of legalizing gambling on horse races and in casinos are hopeful their measures will be passed after this year's election. The supporters want the revenue earned from racing tracks and betting facilities to go to either the education budget or lower property taxes and say the gaming companies will provide much-needed employment. The Augusta Chronicle (Ga.) (1/20)
Star Beacon (Ashtabula, Ohio) (1/21)
The pro-gambling expansion marketing campaign "Best for Florida" is hitting the state's airwaves hoping to expand gaming throughout the state, but the effort is being blocked by organizations including the Florida Chamber of Commerce and the Florida Retail Federation. "Florida has an historic opportunity to create jobs and locate a huge magnet for convention and trade shows in our state," said Tom Feeney, president and CEO of Associated Industries of Florida, which favors gaming expansion. "The integrated resort model is proven to spur economic activity and create jobs by increasing tourism and convention and exhibition business visitors." GamingToday (1/20)
The 2013 movie "Runner Runner" starring Ben Affleck and Justin Timberlake is one of the first movies to showcase the corruption that underlies the world of unregulated online gaming, in part because of government red tape, writes Zachary Leeman. "[W]e see the U.S. government preferring to outlaw rather than regulate, to infringe on personal rights and make a profit rather than protect liberties," he writes. " 'Runner' is a movie that sheds a light on the very black market U.S. laws have created by taking such a harsh stance on online gambling." Breitbart.com (1/20)
The D Las Vegas Casino Hotel and the Golden Gate Hotel & Casino will become the first casinos to accept the virtual currency Bitcoin, although the currency will only be allowed to pay for rooms and meals. The transactions will be processed with the mobile-friendly BitPay service. Derek Stevens, co-owner of the D and the Golden Gate, said the idea came about as a result of customer demand. The Fresno Bee (Calif.) (free registration) (1/21)
Detroit is seeking access to tax revenues the city is collecting from its three casinos to improve municipal services and to finance a deal to help the city get rid of a bad derivatives deal, although creditors have expressed doubt that the casino money can be used for the deal under state law. The casino revenues, which total as much as $180 million annually, play a central role in the city's plan for exiting bankruptcy. "They've got to get the revenues. There's no way they can make the plan work without those revenues," said Wayne State University law professor Laura Bartell. Reuters (1/20)
The Bismarck Tribune (N.D.) (1/21)
The Virgin Group will open its online gambling site virgincasino.com for business on Friday with more than 30 games for players in New Jersey. The site is one of 15 that received state regulatory approval last year. As of Jan. 12, more than 150,000 user accounts had been created on New Jersey gambling sites, and analysts expect the state to collect between $200 million to $500 million in revenue in 2014. Virgin is partnered with Gamesys, who is also partnered with Tropicana's online gaming site. The Miami Herald (tiered subscription model) (1/20)
Did you know that 75% of college students have gambled in the past year? CollegeGambling.org, a free online resource of the National Center for Responsible Gaming, includes the latest research and resources designed to help college students, parents and university administrators learn more about this issue. Visit CollegeGambling.org for more information.