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Bruce Familian, the owner of Nevada Gaming Partners, said he was surprised by the Gaming Control Board ruling against his business. Familian's wife owns a stake in a medical marijuana dispensary, and the board recommended that his 40 or so customers find another slots route operator. "I had no idea that they were going to make a de facto determination of unsuitability without providing me an opportunity to respond or make remedy," Familian said. Las Vegas Review-Journal (7/15)
Ultimate Gaming and the El Cortez have reached a deal to offer UltimatePoker.com as the online gaming room for the Las Vegas casino. Financial terms of the deal have not been disclosed. Las Vegas Sun (7/14)
Bwin.Party, an online gaming firm, announced plans to cut costs by $13.6 million, on top of a previously announced $27.1 million cut. "We are taking steps to improve operating performance, simplify decision-making, reduce complexity and costs and, as a result, remain confident about the full-year outlook," said CEO Norbert Teufelberger. Reuters (7/15)
The Iipay Nation of Santa Ysabel plans to launch online gaming in California, citing tribal sovereignty. The tribe, based in San Diego, will offer real-money wagers on Internet poker at PrivateTable.com in the next few days. The site is limited to in-state residents ages 18 and older. Pokerfuse (7/14)
On Monday, the European Union announced plans to tighten online gaming standards in member states through clearer warnings on websites and rigorous online registration. The EU will offer non-binding recommendations to provide guidance for members, which have opened the online gaming markets to varying degrees and many of whom are drafting binding legislation in their countries. The Economic Times (India) (7/14)
Want to learn more about G2E 2014? Get the latest news, insights, and ideas surrounding G2E 2014 by following the G2E LinkedIn Showcase page.
Calvin Coolidge, 30th U.S. president
Trump Entertainment Resorts, the owner of the Trump Plaza Hotel and Casino in Atlantic City, N.J., said the company plans to close the casino by Sept. 16 if a buyer is not found. Revel Casino-Hotel and Showboat Casino Hotel previously announced plans to close this year as well, which could bring the number of casinos in Atlantic City down to eight. In January, the Atlantic Club Casino Hotel ceased operations. In 2013, the city was home to 12 casinos. The News & Observer (Raleigh, N.C.) (7/14)
U.S. District Court Judge Bernard Friedman ruled that a bond insurer must give Detroit access to its casino tax revenue. Detroit, which filed for bankruptcy, receives around $11 million each month in revenue from its casinos. Attorneys for Syncora Guarantee Inc. said the insurer plans to file an appeal. Reuters (7/11)
Las Vegas Review-Journal (7/12)
The News & Observer (Raleigh, N.C.) (7/13)
A trained chef, Michael Pergolini managed restaurant operations at casinos across the country, and has used restaurant-style customer service to help him in his new role as PlayLV Gaming general manager, overseeing the Plaza and Las Vegas Club. "As a chef, it was my personality to meet the customers in order to better take of them," he said. "I just expanded that principle of taking care of people whether you're in the dining room or the kitchen, or on the casino floor or any department in the property." Las Vegas Review-Journal (7/12)
Seattle-based Big Fish Games, which ranks fifth in social casino-game creation, added Luxury Slots to its suite of mobile casino games. Games added under the Luxury Slots moniker include Phoenix Rising, which launched for Apple devices and will be available on Android devices by the fall, as well as Facebook and personal computers. VentureBeat (7/11)
This week, the GGB Podcast features a dual interview with the principles from Duetto Research, Marco Benvenuti and Patrick Bosworth, who lead a company that focuses on the arcane science of revenue management.
Carl Zeitz, a former member of the New Jersey Casino Control Commission, said the state gaming commission's review of PokerStars should be open to the public. "Rather than being licensed as a casino, PokerStars is going through review as a casino-related service provider, a less rigorous process than casino licensing in the hands of just one agency," he writes. Zeitz now advises the Coalition to Stop Internet Gambling. The Star-Ledger (Newark, N.J.) (7/12)
A former business partner for a Macau venture has filed a lawsuit against Las Vegas Sands, but the U.S. firm says the suit is without merit, like similar cases the company has filed against Sands in the past. Asian American filed a lawsuit in U.S. District Court in Nevada last week, in addition to two lawsuits filed earlier in Macau. Las Vegas Review-Journal (7/11)
The Sisal Group, a gaming company based in Italy, pulled the plug on an initial public offering planned for July 18. On Friday, the company said the decision stemmed from "the lack of conditions to conclude in a satisfactory manner the listing because of unfavorable domestic and international stock markets." The Wall Street Journal (tiered subscription model) (7/12)
Attendance at G2E Asia increased by 36% and the Show Floor grew by 16% -- read the press release to learn more.
Josh Billings, American humorist
Social casino games reported global growth of 8.6% in the second quarter, with Caesars Interactive Entertainment as the market leader, according to a report by Eilers Research. Caesars held a 21.2% market share with its portfolio of brands that includes Buffalo Studios, Pacific Interactive and Playtika. Social casino gaming has become a $2.7 billion global market. VentureBeat (7/10)