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Updated: 52 min 5 sec ago
Horse racing could return to Brockton Fairgrounds next year for the first time in 15 years under a new proposal that Brockton, Mass., Mayor Bill Carpenter voiced support for Monday at a hearing with the Massachusetts Gaming Commission. Meanwhile, a group of horse owners and trainers is seeking to keep horse racing at Suffolk Downs, which announced it would close after a proposal to build a casino on-site was rejected. The Boston Globe (tiered subscription model) (10/20)
Despite Daily Fantasy Sports' advantages in terms of technology and access, online gaming in New Jersey is outperforming DFS nationwide in terms of revenue, according to an analysis by Online Poker Report. However, DFS has a larger projected growth rate through 2020 than New Jersey online gaming. Online Poker Report (10/20)
William Hill reported an 89% increase in operating profit and a 23% rise in net revenue for the third quarter. The U.K. bookmaker said it expects an operating profit of up to $591 million for the full year of 2014, thanks to a strong showing by World Cup bettors. Reuters (10/21)
Analysts predict flat results for Macau gaming revenue in 2014, due in part to a crackdown on corruption in China and protests in Hong Kong. A report by JL Warren Capital says that 2014 will be the first year since 2002 that Macau does not report gaming growth. However, 2013 set a high bar, the report said, and when compared to 2012, 2014 shows 8% annual growth. Macau Business Daily (10/21)
Check back soon for updates on G2E 2015 and be sure to visit our G2E Digital Press Room to see this year's highlights.
Maria Robinson, American author
The Massachusetts Gaming Commission has rejected claims by Suffolk Downs racetrack that a casino license was improperly awarded to Wynn Resorts, saying the racetrack mischaracterized facts and misinterpreted the commission's regulations. Robert DeSalvio, a senior vice president at Wynn Resorts, said the suit had no impact on construction in Everett. DeSalvio said there will also have been "zero delay" in construction as voters weigh a repeal in the gaming law -- which he feels confident voters don't support. The Boston Globe (tiered subscription model) (10/18)
N.J. Gov. Chris Christie on Friday signed a bill allowing sports betting in the state. "[G]iven earlier decisions by federal courts, it was critical that we follow a correct and appropriate path to curtail new court challenges and expensive litigation. I believe we have found that path in this bipartisan legislative effort," Christie said in a statement. The bill faces opposition from professional sports leagues. The Washington Times (10/17)
Attorneys for Florida developer Glenn Straub have filed an appeal to block the sale of the Revel casino resort in Atlantic City, N.J. Straub submitted a bid for the closed casino, but was outbid by Brookfield Asset Management Inc. The appeal alleges the auction was mismanaged. NJ.com (Hackensack, N.J.) (10/19)
Experts disagree with claims made by an anti-casino group in Massachusetts that predicted lottery revenue in the state will drop if casinos are built. "I believe rolling this study out, which is such an outlier, is a scare tactic designed to create doubt and hysteria," said Steve Grossman, the Massachusetts treasurer. The Boston Globe (tiered subscription model) (10/20)
The Genting Group subsidiary of Genting Americas is one of 15 applicants for a casino license in upstate New York and the sole applicant to submit two applications. Genting Americas runs Resorts World Casino in Queens, N.Y., which generated around $800 million in gaming revenue last year. "It's the most successful racetrack casino in the world; there's no equal," said Alan Woinski, president of Gaming USA. The Wichita Eagle (Kan.) (10/19)
This week, the GGB Podcast features a discussion with Eric Meyerhofer, the president and CEO of Gamblit Gaming, a company that hopes to exploit the current interest in social games in the gaming industry.
Japan's parliament may not have enough time to enact a casino law before the current session ends on Nov. 30, according to a senior official. Two cabinet ministers recently resigned over a public-funds scandal, which analysts say could affect the casino bill. Reuters (10/20)
The Belgium government plans to issue two more casino licenses for land-based casinos. The move would bring the number of casinos in the country to 11, and could also pave the way for more online casino operators to enter the market. PokerNews.com (10/16)
Check out the G2E 2014: Interview with Ernie Stevens - NIGA on our YouTube channel.
Walt Whitman, American poet and journalist
The city of Revere, Mass., and a union representing employees of Suffolk Downs racetrack have sued the Massachusetts Gaming Commission, seeking to overturn its award of a casino license to Wynn Resorts, alleging that the commission violated state gaming law and gave Wynn "better" treatment than other applicants. Legal experts say the case could be difficult, but not impossible, to win. "Typically, you have to find very substantial abuse of discretion, and that's a high hurdle to overcome," said attorney Cezar Froelich. "It's a chance well worth taking ... But from purely a legal standpoint, it's a long shot." Wynn has not commented on the suit. Boston Herald (10/17)
New Jersey lawmakers on Thursday passed a law to allow sports betting in the state. The bill now heads to Gov. Chris Christie's desk for approval. Philly.com (Philadelphia) (10/16)