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Updated: 40 min 45 sec ago
RGB International, a gaming machine manufacturer based in Malaysia, is expanding into additional markets in the Philippines beyond Manila. "The Philippines is still a very exciting market for us. Besides slot machines, we see opportunities in the sales of Bingo machines," said Steven Lim, group chief operating officer for RGB. Star Publications (Malaysia) (9/4)
The 26th Annual Gaming Hall of Fame will be held Monday, Sept. 29, at Hyde at the Bellagio at 6:30 p.m. The funds raised for the Gaming Hall of Fame benefit the National Center for Responsible Gaming (NCRG). The NCRG's work with the scientific and health communities to produce peer-reviewed credible research is essential. For more event details, ticket information and sponsorships opportunities, please visit the AGA website.
The Early Bird Discounts for the new flexible pricing options at G2E 2014 expire TODAY! Register for your FREE Exhibit Hall Pass (a $299 value) and save on seminar passes.
Norman Vincent Peale, American minister and writer
The Trump Taj Mahal in Atlantic City, N.J., could enter bankruptcy protection soon, undisclosed sources say. The casino has violated some loan covenants, but has not yet reached agreement with its creditors, according to the sources. The Taj Mahal is the second-largest casino resort in Atlantic City with 2,248 hotel rooms. New York Post (9/3)
Mohegan Sun could promote its flagship property in Connecticut to players at a proposed casino in Revere, Mass., documents show, despite Mohegan Sun's constant denial that it would try to lure players to Connecticut, where it pays lower taxes. Mitchell Etess, CEO of the Mohegan Tribal Gaming Authority, said the marketing deals are limited to similar deals at the Revere casino. The recipient of the Greater Boston license could be determined next week, and marketing the Connecticut casino in Massachusetts is an issue Wynn Resorts Chairman Steve Wynn, whose company offers a competing proposal, has frequently brought up. The Boston Globe (tiered subscription model) (9/4)
The owner of the Searchlight Nugget Casino in Searchlight, Nev., has agreed to give up her state gaming license because of irregularities with slot machine reporting. Owner Verlie May Doing was performing bookkeeping and other duties for the slot machines instead of a licensed slot machine operator as required, and reports were inaccurate. Las Vegas Sun (9/3)
Akron Beacon Journal (Ohio) (9/4)
The owner of the HQ Night Club and HQ Beach Club at the Revel casino in Atlantic City, N.J., has filed a complaint in U.S. bankruptcy court to keep the clubs operating despite the casino's closure. Idea Boardwalk LLC, which operates the two nightclubs, invested $16 million in their $80 million construction. The two nightclubs have separate entrances from the casino property. The Philadelphia Inquirer (9/3)
Brian Wise, a managing partner of Wise Public Affairs and senior adviser to the U.S. Consumer Coalition, said Operation Choke Point, a joint program by the Federal Deposit Insurance Corp. and Justice Department designed to combat consumer fraud, could hurt legitimate casino operations and either lead to banks ending business with legitimate casinos or requiring even more detailed information from casinos. "In practical terms, the bank is no longer just responsible for knowing how the casinos, for instance, are getting their money, but now they are responsible for knowing how the casinos’ customers are getting their money. It is an impractical standard which will make compliance impossible for banks and casinos," he writes. Las Vegas Review-Journal (9/4)
A recent poll of Massachusetts voters found that 59% support casinos in the state. "Casino gambling will likely be staying for good in the Commonwealth," said Joshua Dyck, a professor and co-director of the Center for Public Opinion who wrote the poll. In November, voters will decide whether or not to repeal the state's casino law. The Republican (Springfield, Mass.) (9/3)
H2 Gambling Capital estimates that online gaming will grow at a compound annual rate of 9.13% through 2015. Experts say bitcoin, a cashless currency system, could see explosive growth in online gaming. "We've got about 400 requests for the launch of a bitcoin casino in the last six months," said Ivan Montik, CEO at SoftSwiss, a provider of online casino software. "We constantly have three to five casinos in the set-up phase, and could have had more if we had more resources." CoinDesk (U.K.) (9/2)
Permira, a private equity firm based in the U.K., is considering a buyout of 888 Holdings, sources say. "Online gambling is way more investable now thanks to the Amaya takeover of PokerStars," said David Altaner, an editor at GamblingCompliance. The Wall Street Journal (tiered subscription model) (9/3)
Playtech has acquired Aristocrat Lotteries and Aristocrat Lotteries Italia, which manufacture video lottery machines, for about $13.6 million. "The acquisition will position Playtech's land-based operation as one of the leading suppliers of VLT [video lottery terminal] systems in Europe and Latin America," Playtech said. City A.M. (London) (9/3)
Global Gaming Women's (GGW) annual Kick Up Your Heels fundraising reception will be held Wednesday, Oct. 1, from 6-8 p.m. at Caesars Palace Luxury Suite. All event proceeds benefit the GGW Charitable Education Fund, a scholarship program that helps women of gaming enhance their business skills and advance their careers through continuing education opportunities. In 2014 alone, GGW awarded 26 scholarships to Women's Leadership Conference and University of Nevada, Las Vegas. Proceeds from 2014's Kick Up Your Heels reception will help continue to grow this program in 2015. Read more for tickets and sponsorships opportunities.
Don't miss out! Register for your FREE Exhibit Hall Pass (a $299 value) and check out the Early Bird Discounts for the new flexible pricing options at G2E 2014 which expire tomorrow.Register today to save big!
Robert Louis Stevenson, Scottish writer
A recent study by WhiteSand Gaming, commissioned by the Maine Legislature, concluded that Maine has the capacity for up to two additional casinos if one of them is in southern Maine. Maine is now home to two casinos, Hollywood Casino in Bangor and Oxford Casino in Oxford. Bangor Daily News (Maine) (free registration) (9/2)
The Horseshoe Casino Baltimore attracted more than 50,000 visitors over Labor Day weekend after opening its doors less than a week earlier, on Aug. 26. General Manager Chad Barnhill said the casino's opening numbers were in line with other Horseshoe casinos in Cleveland and Cincinnati, and said the casino is expected to draw 5 million annual visitors. American City Business Journals (9/2)
Video gaming machines at local bars have raised more than $150,000 for Quincy, Ill., since they were introduced in July 2012. According to the Illinois Video Gaming report, the city is home to 83 video gaming machines. Each business is limited to two video gaming machines per location. WGEM-TV (Quincy, Ill.) (9/2)