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Updated: 4 hours 43 min ago
Michel de Montaigne, French writer
The City Council in Davenport, Iowa, unanimously approved a development agreement for a land-based casino by Scott County Casino LLC. Developer Dan Kehl plans to purchase the Rhythm City Casino, and then use the riverboat casino's license for a new $110 million casino resort. Quad-City Times (Davenport, Iowa) (11/26)
Dan Keating, the developer behind the proposed Wynn resort in Philadelphia, has joined another casino project in the city after Wynn Resorts withdrew from the running two weeks ago. After publicly opposing the proposal when he was part of the Wynn team, Keating has joined the team behind Market8. "We now believe that in every important respect, the Market8 project stands head and shoulders above all other proposed projects, and that this is an opportunity that it would be unfortunate for the city and commonwealth to miss," Keating said. Philly.com (Philadelphia) (11/27)
Mohegan Sun and Suffolk Downs racetrack are expected to finalize today the formation a partnership for a proposed casino in Revere, Mass., sources say. Voters in Palmer, Mass., rejected a proposed casino by Mohegan Sun earlier this month, but the developer wanted to stay in the race for a state casino license. Suffolk Downs was also seeking a partner after cutting ties with Caesars Entertainment for a proposed casino project at the racetrack. The Boston Globe (tiered subscription model) (11/26)
The Republican (Springfield, Mass.) (11/26)
The U.S. attorney's office decided not to pursue wire fraud charges against John Kane and Andre Nestor, two men who exploited a bug in an IGT Game King poker machine in 2009. Although the pair walked off with more than $400,000 in winnings, the government dropped the charges last week. The Verge (11/25)
New Jersey residents are embracing the state's launch of online gambling. "It's great knowing the government is paying such close attention to everything that goes on here. I feel absolutely safe playing this," said Jon Hernandez, an online gambler in the state. Six casinos in Atlantic City, N.J., are offering online gambling, and a seventh casino is expected to join next week. Las Vegas Review-Journal (11/26)
The Navajo Nation has proposed a gambling compact with New Mexico that would extend through 2024. However, the state Legislature wants the tribe to change the compact to account for "free play" when calculating payments to the state. The tribe's current compact expires in June 2015. American City Business Journals (11/26)
When the AGA released its comprehensive study of the total impact of the commercial casino industry, "Beyond the Casino Floor: Economic Impacts of the Commercial Casino Industry," it made a number of other resources available that further tell the story of the industry's economic impact. The "Beyond the Casino Floor" section of the AGA website includes a suite of resources -- a copy of the report, an interactive map detailing state and local data, market data fact sheets and a section where casino employees talk about the impact the industry has had on their lives. Visit the "Beyond the Casino Floor" section of the AGA website to see all of the available tools.
In observance of Thanksgiving in the U.S., SmartBrief will not be published Thursday and Friday. Publication will resume Monday.
Harry S. Truman, 33rd U.S. president
New Jersey launched Internet gambling at midnight Tuesday, with six casinos cleared to begin online gaming. The Golden Nugget casino will remain in restricted play for about a week, while it works out reporting issues and some game freezes. New Jersey is the most populous of the three states that offer online gambling, with 9 million residents. The Press of Atlantic City (N.J.) (tiered subscription model) (11/25)
Traditions at the Glen in Union, N.Y., gave a presentation of casino plans at a community meeting on Monday. "We're going to create 900 construction jobs when this project starts and on an ongoing basis," said Bill Walsh, Traditions owner. "There will be 1,500 permanent jobs that will be created just on site right here." WBNG-TV (Johnson City, N.Y.) (11/25)
Daniel Rizzo, the mayor of Revere, Mass., said a deal between Suffolk Downs racetrack and casino developer Mohegan Sun may be on the horizon soon. "I'm cautiously optimistic," Rizzo said. "The biggest enemy of Suffolk Downs and Revere right now is time." Massachusetts has a deadline of Dec. 31 for casino projects in the state. Boston Herald (11/25)
Michigan announced plans to launch an online lottery next year, and has selected two firms to run the service. "In today's society, more and more customers want to do business online and that includes lottery players," said Tom Weber, chief deputy commissioner of the lottery, in a statement. The "iLottery" will sell lottery tickets online, as well as offer games, when it launches in the fourth quarter of 2014. Fort Worth Star-Telegram (Texas) (11/25)
Bally Technologies completed its merger with SHFL entertainment on Monday. Bally purchased the table games provider for $1.3 billion. Ramesh Srinivasan, the CEO of Bally, said the deal brings together "two best-in-class, highly complementary and customer-centric gaming technology companies that will be even stronger together." Las Vegas Review-Journal (11/25)
The Oregon Lottery licenses more video slot and poker machines than tribal casinos do, statewide. Some critics are questioning the practice, which allows gambling machines at delis and restaurants. "The same agency that operates the lottery also regulates it," says Jeff Marotta, a consultant for the Oregon Lottery and founder of Problem Gambling Solutions. "The whole system doesn't make sense." The Oregonian (Portland) (11/25)
Steve Wynn, the chairman of Wynn Resorts, said a campaign to outlaw online poker makes as much sense as the ill-fated campaign to outlaw alcohol during Prohibition. "On the other hand, playing poker is America, and outlawing poker is like the Volstead Act where they outlawed beer," Wynn said. The Volstead Act ushered in Prohibition. Las Vegas Review-Journal (11/25)
This week, the Global Gaming Business Podcast features an interview with Jamie Odell, the CEO and managing director of Aristocrat Technologies, on the developments his company presented at the recent Global Gaming Expo in Las Vegas.
Six Michigan tribes are preparing to negotiate a gaming compact with the state after the current 20-year deal expires on Nov. 30. "We've worked hard to build a good working relationship with the tribes, and we're optimistic the discussions will be productive," said Dave Murray, a spokesman for Mich. Gov. Rick Snyder. The state is home to 14 tribal gaming facilities. Detroit Free Press (11/25)