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Updated: 35 min 21 sec ago
The New Jersey Devils and the Philadelphia 76ers have inked a marketing deal with partypoker as the first U.S. professional teams to partner with online gambling. "These are two of the most iconic names in American hockey and basketball with huge and loyal fan bases throughout New Jersey and the surrounding metropolitan areas," said Norbert Teufelberger, CEO of bwin.party digital entertainment, the parent company of partypoker. Bloomberg (1/9)
Korean lawmakers are considering a proposal to relax rules governing foreign investment in casinos, sources say. The country is looking at developing casinos near Incheon International Airport in the economic zone of Yeongjongdo. Caesars Entertainment has previously expressed an interest in building casinos in Korea. The Korea Herald (Seoul) (1/9)
Lillian Hellman, American writer
Global Gaming Expo (G2E) announces that it has aligned the industry's most significant forces behind a Japan educational conference should the recently submitted Integrated Resort Acceleration Legislation bill pass in Japan in the coming year. Read more about the recent partnership.
E.M. Forster, British writer
The American Gaming Association has boosted its staff by five employees this week, hiring experts in areas such as communications and policy, in what AGA's chief executive officer and president Geoff Freeman said is part of a plan to become more aggressive and proactive, as well as to boost the national image of the gaming industry as a whole. One of the key focuses will be increased efforts to support regulated online gambling. The Hill (1/6)
The Nevada Gaming Control Board and CG Technology have reached a tentative agreement to settle an 18-count complaint related to one employee's illegal offshore sports betting ring; Michael Colbert pled guilty to felony charges in August. Cantor Gaming officially changed its name to CG Technology on Monday. Terms of the potential agreement have not been released, but CG Technology representatives have said they expect to "finalize the matter" soon. Las Vegas Review-Journal (1/6)
A panel of experts discussed ways to revive West Virginia's racing and gambling industry this week, particularly in light of out-of-state competition. "We have to have an attraction in addition to gaming," said John Cavacini, president of the West Virginia Racing Association. "It's the extras that make a difference and will make a difference in being successful or not being successful." The state gaming industry's value has exceeded $1 billion for more than 10 years. The Inter-Mountain (Elkins, W.Va.) (1/7)
Columnist Nancy Smith says allowing casinos in Florida will not increase crime rates, and criticizes anti-gambling groups for using misleading crime statistics on Atlantic City, N.J. "Crime is a much larger problem in Orlando, with all of its family attractions -- Disney World, Epcot, Sea World, Universal and more -- than it is even in Las Vegas, let alone Atlantic City," Smith writes. Sunshine State News (Fla.) (1/6)
The commercial real estate market in Las Vegas could take off next year, experts say. Gaming real estate saw little turnover in 2013, and many operators are seeking to maximize retail development. "The market has had a couple of years of recovery, and now it's getting back into the development phase and testing its strength," said John Stater, research manager at Colliers International. "If all goes well, 2015 will probably be a pretty productive year." Las Vegas Business Press (1/6)
Jim Murren, the chairman and CEO of MGM Resorts International, predicted a rosy future for gambling in Japan. "Japan will be bigger than Las Vegas," he said. Legislators in Japan are preparing to legalize casinos in the country. Meanwhile, MGM is moving forward with plans to build a casino in Maryland, and the firm is also awaiting a casino license for a proposed resort in Massachusetts. CNBC (1/6)
The Express-Times (Easton-Bethlehem, Pa.) (1/6)
New Jersey residents have created 148,487 accounts for Internet gambling as of Monday. According to state regulators, people can create more than one account on different sites. New Jersey launched online gaming on Nov. 25 after a five-day trial period, and seven casinos in Atlantic City, N.J., now offer Internet gambling. The Miami Herald (tiered subscription model) (1/6)
Bally Technologies will defend subsidiary SHFL Entertainment's plans to sell electronic table games in Macau. In a statement, Bally said it "categorically denies that any patents or any other legal issues preclude SHFL's live multi-game product called SHFL Fusion Hybrid from Macau." Macau Business Daily (1/7)
Rank Group, based in the U.K., is considering building a casino in Northern Ireland. "We are designing a prototype model specifically for Belfast and this would include all the components mentioned, create up to 200 skilled jobs and generate significant economic benefits through taxes and business rates," said Rank Group, which manages 55 casinos in the U.K. Laws in Northern Ireland would have to be altered to allow casinos. GamblingKingz.com (U.K.) (1/6)
Macau Business Daily (1/7)
Investors are betting on 500.com, the first Chinese lottery firm traded on the New York Stock Exchange. "Over the next five years, it is very clear that the Chinese market will continue to grow very quickly and the government regulatory regime will become more open and transparent," said Zhengming Pan, chief financial officer at 500.com. Shares of the firm have almost tripled in six weeks since the initial listing on the NYSE. Reuters (1/6)
Since 1995, the American Gaming Association (AGA) has served as a national advocate for commercial casinos and their employees. The AGA's varied activities, from communicating gaming's positive impacts and protecting industry interests on Capitol Hill to coordinating industrywide initiatives and the industry's largest trade shows, all have one primary purpose -- to help the gaming industry succeed. Find more information about how to join the AGA here.
Global Gaming Expo (G2E) is proud to share the sixth video from the new video series sponsored by Bally Technologies -- Inside the Industry: Insights from Today's Movers and Shakers. Please take a moment to watch the next video in the series, featuring George Galinsky, VP of Marketing Communications, Mohegan Sun. Top industry executives were interviewed at G2E 2013, where they offered insights on today's most pressing issues in the gaming industry. Mark your calendar today for G2E 2014. We'll see you there -- one week later -- Sept. 30 - Oct. 2, 2014 at the Sands Expo and Convention Center.
Carl Rogers, American psychologist