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Updated: 17 min 29 sec ago
Wis. Gov. Scott Walker is still considering a proposal to build a tribal casino in Kenosha, Wis. If approved, the $810 million project will be built in two phases. The first phase will include the casino and retail, while the second phase will add a hotel and other amenities. WDJT-TV (Milwaukee) (5/26)
The government of Queensland, Australia, has narrowed down proposals for casinos in the state to two proposals by Asian developers. Hong Kong investor Tony Fung has proposed the Aquis casino, while a Chinese and Australian investor group has proposed the Broadwater Marine project. Bloomberg Businessweek (5/26)
Columnist Muhammad Cohen explores the trend in Macau for gaming tables with higher limits, and says it's becoming more difficult to find tables with lower minimum bets. "Overall, minimum levels are pretty much unchanged from a year ago. What's changed dramatically is the mix of table minimums," he writes. In Macau, mass market gaming accounts for nearly 40% of revenue. Forbes (5/25)
Here is just a preview of some of the new things you will benefit from at this year's G2E:
NEW seminar pricing options to give you more flexibility and convenience -- choose from 5 day, 4 day, 3 day, 2 day, 1 day and even single seminars!
NEW seminar format -- fewer sessions, more focused on your greatest needs.
NEW more general sessions to bring everyone together & encourage continued discussion.
General Session topics to include: Cyber Security, Portrait of the American Gambler, Capturing the Millennial Customer, Online and Social Gaming, Big Data, Corporate Social Responsibility
NEW more interactive and technologically dynamic seminars
Expert speakers from outside the industry, as well as focus on BIG names from within.
NEW opening general sessions open to everyone, including: State of the Industry, Day One: Operators; and State of the Industry, Day Two: Manufacturers.
Karl Barth, Swiss theologian
Michael Leven, the president of Las Vegas Sands, announced plans to retire at the end of the year. "For me, this is truly a storybook ending to a more than 50-year career in the hospitality industry. I wouldn't want it to end any other way," Leven, 76, said in a statement. Sheldon Adelson plans to continue in his role as chairman and CEO of Las Vegas Sands. Las Vegas Review-Journal (5/22)
Genting Group has secured approval from the Nevada Gaming Commission to build the Resorts World Las Vegas and announced that construction is scheduled to begin this summer. Plans for the $4 billion resort include 3,000 hotel rooms, a casino, a theater that will seat 4,000, 30 food and beverage outlets and a garden attraction as part of the project's first phase. Las Vegas Review-Journal (5/22)
Casinos in Atlantic City, N.J., reported a gross operating profit of $38.7 million for the first quarter according to figures released Thursday -- encouraging numbers after a long winter, said Matt Levinson, chairman of the New Jersey Casino Control Commission. "Total revenue is flat and gross operating profits are up, even though snow virtually shut down the state several times, and there were significant startup expenses related to internet gaming." The quarterly results are difficult to compare to the same quarter of last year, because of the January closure of the Atlantic Club and the November launch of online gaming in the state. Las Vegas Review-Journal (5/22)
Seneca Gaming Corp. has joined Traditions Resort & Casino in a partnership for a proposed $150 million casino in Johnson City, N.Y. The proposed casino resort will feature 1,200 slot machines and 50 table games, as well as amenities such as a spa and golf course. Times Union (Albany, N.Y.) (5/22)
A plan to cut costs by $9.9 million for Delaware casinos is floundering in the state legislature. "I can see no way to raise the money that would be needed," said state Sen. Harris McDowell, the chairman of the Joint Finance Committee. The state is facing a $41 million shortfall for the budget next year. Gov. Jack Markell supports the plan, which would cover vendor fees for the casinos starting this summer and waive licensing fees and the state's tax revenue from table games starting in the middle of next year. The News Journal (Wilmington, Del.) (tiered subscription model) (5/22)
Las Vegas Review-Journal (5/22)
American City Business Journals (5/22)
The D casino in Las Vegas is now home to the first Bitcoin ATM on a casino floor. The Robocoin machine accepts Bitcoin, a virtual currency, and turns it into cash. Customers can also exchange cash for Bitcoin. "Bitcoin is a global currency. Las Vegas is a global destination," said Julian Tosh, who runs BitCoinsInVegas.com. "People can come here with their Bitcoins and be funded for entertainment and gambling in the local currency. It's really good for the tourism industry." Las Vegas Review-Journal (5/22)
MGM Resorts International announced its virtual casino game of myVegas now allows players to redeem rewards including free meals and suite upgrades at casinos in Mississippi. Previously, only MGM casinos in Las Vegas accepted myVegas rewards. The free application allows players to build a virtual Las Vegas Strip, earning loyalty points for M life along the way. The game, developed by Playstudios, has nearly 1 million players. The Sun Herald (Biloxi-Gulfport, Miss.) (5/22)
The Fraternal Order of Police, a union for police officers, said banning online gaming will only drive it underground. "Not only does the black market for Internet gaming include no consumer protections, it also operates entirely offshore with unlicensed operators, drastically increasing the threat of identity theft, fraud or other criminal acts," said Chuck Canterbury, the union president, in a letter to the House Judiciary Committee. The Hill (5/22)
Mark your calendar today for G2E 2014.
Save the Date for G2E 2014: Sept. 30 - Oct. 2, 2014, at the Sands Expo and Convention Center.
In observance of Memorial Day in the U.S., SmartBrief will not be published Monday. Publication will resume Tuesday.
Three speakers discussed common and unusual methods for casino cheaters at a panel hosted by the National Museum of Organized Crime and Law Enforcement in Las Vegas. "As long as there has been casino gaming there have been people who have tried to cheat it," said James Taylor, deputy chief of special investigations and support services for the state gaming board. The board arrests around 500 people each year for cheating at casinos. Experts say the best thing for casinos to do is train employees to look for cheating, as new schemes come up all the time. Las Vegas Sun (5/22)
A legislative committee in Nevada's Senate plans to consider a proposal that would allow betting on federal elections. Betting on state elections would not be allowed under the proposal from state Sen. Tick Segerblom. In the U.K., residents can vote on the outcome of U.S. elections, and Britons wagered the equivalent of about $33.7 million on the U.S. presidential election in 2012. Las Vegas Sun (5/22)