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Updated: 30 min 55 sec ago
Banyan Tree Holdings, a casino developer based in Singapore, is seeking approval to build a casino in Vietnam at the Laguna Lang Co. resort. The resort features hotels, a golf course and other amenities, including private villas. Vietnam is home to seven casinos, as well as 50 electronic gaming venues, all open exclusively to foreigners. VietNamNet Bridge (7/28)
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Lyndon B. Johnson, 36th U.S. president
Nevada casinos received a boost from wagers on the World Cup in June, scoring $906.9 million in gaming winnings, a 14.4% increase from the same month last year. Meanwhile, revenue from online poker exceeded $1 million in June for the first time since its introduction last year. Nevada's casinos have made $11.2 billion in revenue this fiscal year, a 2.9% increase over last year. Las Vegas Review-Journal (7/25)
Hollywood Casino in Toledo, Ohio, plans to introduce a 12-day poker tournament next month. The Hollywood Poker Challenge includes marquee events with payouts up to $100,000. "Nobody has done a tournament like this in this market," said Ken Lambert Jr., poker room manager and tournament planning veteran who is licensed to run operations in eight states. Toledo Free Press (Ohio) (7/25)
The Iowa Racing Gaming Commission faces a lawsuit over its April rejection of a $164 million casino proposed for Cedar Rapids, Iowa. Gene Kopecky, an attorney who filed the lawsuit, said the commission does not have the authority to deny a license in one county because it fears it can harm business in another county. Iowa City Press-Citizen (tiered subscription model) (7/25)
WWL-TV (New Orleans) (7/26)
Jubreal Chahine made his fortune -- and his casino-cheating career -- by engaging in small cheats and sleights-of-hand, enabling him to evade authorities for years prior to his arrest in Pennsylvania July 19. His arrest was made after he applied for a player's club card using his real information rather than an alias.
Chahine is the top name on the list for "most-wanted" perpetual cheaters from the Nevada Gaming Control Board. Los Angeles Times (tiered subscription model) (7/26)
The SLS Las Vegas, built on the site of the Sahara on the Las Vegas Strip, plans to include a nod to the past in its marketing plan. The $5.2 million "Be Legendary" campaign will include photos of Frank Sinatra and other Rat Pack stars who once graced the casino floor as a way to target customers who want a lifestyle-property experience while honoring the past, said Veronica Smiley, chief marketing officer for SBE Entertainment, co-owner of the SLS, which is slated to open next month. Las Vegas Business Press (7/28)
The recent acquisition by Italy's GTECH of International Game Technology almost happened more than a decade ago -- with the twist that IGT was interested in buying GTECH. In 2000, a deal fell through between the two companies, according to former IGT Chairman Charles Mathewson; the same thing happened five years later. Las Vegas Review-Journal (7/27)
This week, Dr. Mark Yoseloff, director of the Gaming Innovation Center at UNLV, joins the GGB Podcast to discuss his efforts to promote creativity in the gaming industry.
The Wyandotte Nation is adding several amenities to its casino in Wyandotte, Okla., including a bowling alley, billiards and a deli cafe. "We wanted innovate, not duplicate. So this is our attempt to bring something new to the market," said Gary Johnson, Wyandotte Nation Casino general manager. The $13 million expansion also includes the addition of 300 gaming machines. KSNF-TV/KODE-TV (Joplin, Mo.) (7/24)
Macau casinos allow bettors to place baccarat bets over the phone, and a junket operator estimates that phone bets amount to around 10% of VIP revenue. Also known as telebetting or proxy betting, the practice requires bettors to have a private table in a VIP room. Forbes (7/27)
Evgenios Giannakopoulos, the president of Greece's Gaming Commission, said illegal gaming in the country reached 6 billion euros in 2013. He also estimated that up to 100,000 illegal gaming machines are operating in Greece. While 24 operators offer legal gaming, 438 illegal operations have shut down. Greek Reporter blog (7/25)
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Francois de La Rochefoucauld, French writer
Mississippi should pay closer attention to the state's casinos, experts say. According to the American Gaming Association, the 30 casinos in Mississippi provide employment to 22,770 full-time employees -- placing it third in gaming employment nationwide -- and contributed almost $258 million in tax revenue to the state. "Mississippi has never truly acknowledged the gaming industry. Leadership has never done anything to hurt it, but they haven't done anything to help it either," said Webster Franklin, president and CEO of the Tunica Convention and Visitors Bureau. American City Business Journals (subscription required) (7/25)
The Illinois Gaming Board approved a $1.75 billion refinancing deal for Caesars Entertainment Corp. despite objections from some bondholders. The Las Vegas-based firm operates two casinos in Illinois. Gary Loveman, chairman and CEO of Caesars, said the refinancing was approved by all jurisdictions and the company can proceed with improving its capital structure. Bloomberg Businessweek (7/24)
The Massachusetts Gaming Commission has instructed the city of Boston to negotiate a surrounding community agreement with Wynn Resorts. The company has proposed a casino in Everett, Mass., but Boston earlier broke off talks with the developer. The state gaming board said it would appoint a negotiator if Boston and Wynn come to an impasse again. Boston Herald (7/25)
Penn National Gaming posted net income of $2.8 million for the second quarter, compared to a loss of $11.3 million in the second quarter of last year. Penn National has five casinos under construction, including a racino in Massachusetts slated to open in 2015. Penn National has also partnered with the Cordish Cos. for a proposed $750 million casino in upstate New York. Las Vegas Review-Journal (7/24)