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Updated: 42 min 4 sec ago
Paradise Entertainment Ltd. predicts more casinos will deploy electronic gaming tables in Macau to offset high labor costs. The chairman of Paradise forecasts a 50% increase to 20,000 e-gaming machines over the next three years, which will generate 30% more in profits. Macau Business Daily (10/7)
Galaxy secured the top market share in Macau for the first time in September, earning 22.9% market share. In August, Galaxy held a 21% market share and was third in market share overall. Sands China and SJM both lost market share, to drop to second and third place, respectively, while MGM gained market share but remains fifth behind Melco Crown. Macau Business Daily (10/7)
The IAGA's Gaming Summit 2014 will be held Oct. 29-31 at the Philadelphia Marriott Downtown. Attendees will hear from top level speakers from the gaming industry -- including Geoff Freeman, Lau Peet Meng, and Tim Wilmott. Find out more and register.
The industry came out in full force to support G2E 2014, they benefited from seeing new products, learning the trends, networking with new friends and old ones, and celebrating our vibrant industry. Be sure to visit the website to see an Exhibitor List and view photos from the G2E 2014 Digital Press Room.
Daniel Boorstin, American historian
Wynn Resorts said the company will join a campaign against Question 3 in Massachusetts, which would repeal the state's casino law. Wynn joins Penn National Gaming and MGM Resorts in the Coalition to Protect Mass Jobs "to provide information to voters about the impact of our industry." The Boston Globe (tiered subscription model) (10/4)
Last year, 13 local governments in Missouri received a total of $79.7 million, according to the Missouri Gaming Commission. Casino funds helped pay for a police crime laboratory in St. Louis County, a dump truck with plow in St. Charles and street maintenance in Maryland Heights. St. Louis Post-Dispatch (10/6)
The Bethlehem Sands Casino in Bethlehem, Pa., plans to embark on a two-year expansion to add a convention center and double its number of hotel rooms. The expansion will also include the addition of a Bass Pro Shops to the property that is expected to attract as many as 3 million annual visitors. The casino will add a second restaurant run by a celebrity chef, in addition to the current eateries run by Emeril Lagasse. The Morning Call (Allentown, Pa.) (10/4)
Glenn Straub, a Florida developer who submitted the initial bid for the Revel casino, said he plans to challenge the outcome of the bankruptcy auction. The management of the shuttered casino in Atlantic City, N.J., selected Brookfield Asset Management as the winning bidder. Straub will appear in court at a hearing on Tuesday. NorthJersey.com (Hackensack, N.J.) (free registration) (10/5)
The Philadelphia Inquirer (10/3)
SLS Las Vegas is targeting the locals market by offering a rebate of up to $100 for cash losses on a single day before the end of the month. Players who sign up for THE CODE loyalty program are eligible for the rebate. Table games, slot machines and video poker play are all included in the promotion. USPoker.com (10/6)
This week, a special GGB Podcast features a speech given by Steve Wynn, the chairman and CEO of Wynn Resorts, to attendees at last week's Global Gaming Expo.
Analysts say that it is difficult to compare commercial and tribal casinos because the two entities report data differently, even when the operator is the same. Many states report gaming revenue for individual commercial casinos, but tribal casinos report gaming revenue by region instead. "The way the gaming consumer looks at it, it's all gaming," said Geoff Freeman, president and CEO of the American Gaming Association. Las Vegas Review-Journal (10/5)
The City of Dreams Manila and Solaire Resort and Casino will both open in Manila Bay in a complex in the Philippines called Entertainment City by the end of the year. The Solaire has already opened its casino phase, but will unveil 312 hotel suites and other amenities later this year to become an integrated resort. Forbes (10/6)
A bankruptcy judge denied a motion by Trump Entertainment Resorts to stop funding the union pension plan at Trump Taj Mahal. A court hearing on the collective bargaining agreement with the union is scheduled for Oct. 14. The Philadelphia Inquirer (10/5)
AGA is cosponsoring the Gaming Law Conference to be held Friday, Nov. 7, at Red Rock Casino, Resort and Spa. Discussion topics include, but are limited to: problem gambling and the law, social media ethics and gaming legislation and regulation. To register, please visit the conference website.
Napoleon Hill, American author
Three Massachusetts men were indicted by a grand jury on multiple charges for hiding their involvement in a land deal for a planned Wynn Resorts casino in Everett, Mass. The trio, along with a fourth person, owned a parcel of land that was sold to Wynn for $35 million. A 13-page federal indictment said the men staged an elaborate cover-up to hide one man's involvement so as to not jeopardize Wynn's chances of earning the state's most recent casino license. "The indictments are an example of the rigor and diligence exercised by law enforcement and regulators in the Commonwealth," said Michael Weaver, senior vice president for Wynn Resorts. Bloomberg (10/2)