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Updated: 17 min 50 sec ago
A pro-casino group in Massachusetts launched a 30-second television ad today outlining the economic benefits of casinos, focusing on a proposed MGM casino for Springfield, Mass. "Springfield's unemployment rate is in double digits," says Jeffrey Ciuffreda, director of the Affiliated Chambers of Commerce of Greater Springfield in the ad. "We need the 3,000 jobs; we want the 3,000 jobs." Wynn Resorts, which last week was granted a casino license in Massachusetts, has not yet decided whether it will join the fight against the repeal effort. The Boston Globe (tiered subscription model) (9/23)
Norway could be moving forward with a plan to legalize online gaming, as its Culture Committee has asked for an impact assessment of a proposal to allow online gaming. Norway limits gaming to lotteries, keno, horse racing and some sports betting. The committee will study Sweden, Denmark and the U.K. before drafting legislation. Casino.org (9/22)
If Wis. Gov. Scott Walker approves a plan that would allow the Menominee Tribe of Wisconsin to build an $808 million casino in Kenosha, the tribe hopes to partner with Hard Rock International, which is owned by the Seminole Tribe of Florida, marking the first time an out-of-state tribe would run a Wisconsin casino. That would mean a portion of the casino's earnings would go to Florida as well as Wisconsin. Sunshine State News (Fla.) (9/23)
Steve Wynn, the chairman and CEO of Wynn Resorts, said the slowdown in Macau gaming revenue is an adjustment, but he is not concerned. "When you see that kind of adjustment, you adjust your business," he said. "You take tables away from VIP and put them into mass or premium mass." GGRAsia (Macau) (9/23)
The Marina Bay Sands casino in Singapore will display original artwork by Leonardo da Vinci from November to May. The exhibit, "Da Vinci: Shaping the Future," will display 26 pages from da Vinci's notebook at the casino's ArtScience Museum. GGRAsia (Macau) (9/22)
Steve Wynn, the chairman and CEO of Wynn Resorts, said Macau regulators have finished an investigation into a Wynn land deal on the Cotai Strip. "Everything about the transaction is crystal clear," Wynn said. Wynn plans to build the Wynn Palace casino resort on the land by 2016. Bloomberg Businessweek (9/23)
Saipan Tribune (Northern Mariana Islands) (9/23)
Jean Cocteau, French writer
Ultimate Gaming, which had partnered with the Trump Taj Mahal Casino Resort, announced it is withdrawing from the Atlantic City, N.J., market at a yet-to-be-determined date. Ultimate said Trump Taj Mahal owes the company $1.5 million and said it hasn't been paid in two months. The company largely owned by Station Casinos could return to New Jersey with a different partner, said senior vice president Marc Falcone, but will now focus on its Nevada operations. Las Vegas Sun (9/19)
The New York Gaming Facility Location Board said it could decide on fewer than four casinos for upstate New York. Kevin Law, the head of the board, said while the law allows for up to four casinos, "the decision could be made to do less than four." The board will choose winners from 16 casino proposals by October, and public hearings on the projects will be held this week. Rochester Democrat and Chronicle (N.Y.) (tiered subscription model) (9/22)
Penn National Gaming appointed CEO Tim Wilmott as a member of the board of the directors. Wilmott, who assumed the role as CEO last year, started working with the company in 2008. Prior to joining Penn National, Wilmott worked for Harrah's Entertainment. Las Vegas Review-Journal (9/19)
In 2011, the Department of Justice shut down three popular online gaming sites: Full Tilt Poker, PokerStars, and Absolute Poker. Many online poker players turned to a form of fantasy sports called single-day play to fill the void. Since then, some professional sports leagues have softened their stance against sports betting; Major League Baseball has signed a deal with DraftKings. The Atlantic online (9/21)
Resorts Atlantic City can provide a case study of how to turn around an aging casino in Atlantic City, N.J., experts say. In 2010, new owners purchased the 1920s-era building for $31.5 million. Last year, Resorts partnered with Margaritaville to build an outdoor bar on the beach to attract younger customers. "Our customer demographic changed," said Mark Giannantonio, president of Resorts. Las Vegas Review-Journal (9/21)
MGM Resorts International is returning to Atlantic City, N.J., following a four-year hiatus after the New Jersey Division of Gaming Enforcement approved a request to repurchase its 50% stake in Borgata. Chairman Jim Murren eased regulators' concerns in a hearing two weeks ago that the company would leave the state. "At $2.5 billion annually, Atlantic City is still a significant gaming market in the U.S.," said Murren. Las Vegas Review-Journal (9/20)
This week, the GGB Podcast is joined by Tom Nieman, the senior vice president of global marketing for JCM American, to talk about the company's recent acquisition of FutureLogic and the ongoing consolidation in the supply side of the gaming industry.
Morgan Stanley Research predicts Pennsylvania will authorize online poker in 2016. The study also expects California to approve poker-only online play in 2015, and New York and Illinois to pass similar bills in 2016. According to Morgan Stanley, the market for online poker will grow to $1.3 billion across the U.S. in 2017. Pittsburgh Tribune-Review (9/21)
A bill passed in the U.K. parliament requires online gaming and poker sites with British customers to get a new license and pay a 15% tax rate. The regulations, which take effect Oct. 1, have prompted Mansion Poker to withdraw from the U.K. market. Meanwhile, PokerStars has set up a dedicated website for U.K. players. Poker News Daily (Las Vegas) (9/21)
Deutsche Bank has revised its forecast for gaming revenue in Macau for the fourth quarter. Analysts predict gaming revenue will drop 15% in the quarter, compared to a previous forecast of a 7% to 12% drop. Such a drop marks a 9% revenue increase over 2012. Deutsche Bank predicts annual revenue to be flat. Macau Business Daily (9/22)
Casino opponents frequently make false claims about our industry. During a recent interview on NPR, AGA President and CEO Geoff Freeman, armed with decades of research and data, took on arguments posed by opponents that are largely based on stereotypes and unfounded assumptions. Listen to the short clip and hear the full interview from "The Diane Rehm Show."
Global Gaming Expo (G2E) 2014 begins next week on Monday, Sept. 29 - Thursday, Oct. 2 at the Sands Expo & Convention Center in Las Vegas. It's not too late to register for your FREE Exhibit Hall Pass (a $299 value)! Register for your free Exhibit Hall Pass today and check out the all-new Seminar Program and Seminar Pricing Options that are available.