February 18, 2013 at 12:01 pm
Howard Stutz LAS VEGAS REVIEW-JOURNAL
A recent ranking of the top 20 gaming companies based on market capitalization had one distinctive flavor.
The top 10 companies have either a direct investment or control of Asian gaming assets.
Global Betting & Gaming Consultants, which is based in the United Kingdom, ranked the worldwide companies according to U.S. dollars. The firm included … [Read more...]
February 18, 2013 at 7:37 am
Michael Stratford, ASSOCIATED PRESS
LITTLE ROCK, Ark. (AP) - The Arkansas House on Monday approved new award amounts for higher-education scholarships, making changes to the lottery-funded program that proponents say are needed to keep it solvent but others have argued would limit students' ability to afford college.
Lawmakers voted 69-21 to pass a measure that would create a tiered … [Read more...]
February 17, 2013 at 5:12 am
Howard Stutz, Inside Gaming, LAS VEGAS REVIEW-JOURNAL
Bill Eadington never built a billion-dollar Strip resort. He never managed a riverboat casino or a gambling hall of any size. Eadington never created a new table game. He never developed an innovative slot machine.
Yet, the influence Eadington carried inside and outside gaming circles during his 44-year academic career as an economics … [Read more...]
February 17, 2013 at 2:12 am
Howard Stutz, LAS VEGAS REVIEW-JOURNAL
A Silicon Valley-based investment bank where the husband of International Game Technology CEO Patti Hart is a top executive oversaw the slot machine maker's purchase of a small social gaming technology company last year.
Under the U.S. Securities and Exchange Commission's Regulation Fair Disclosure, commonly called Reg FD in the investment community, … [Read more...]
February 16, 2013 at 7:53 pm
HARRISBURG, Pa. (AP) - A top budget aide to Gov. Tom Corbett says a British firm has extended its bid to manage the $3.5 billion Pennsylvania Lottery while the administration mulls over how it will respond to the state attorney general rejecting the deal.
Executive Deputy Budget Secretary Peter Tartline said the bid from Camelot Global Services that was scheduled to expire Saturday has been … [Read more...]
February 16, 2013 at 4:09 pm
INDIANAPOLIS (AP) - The leader of the Indiana House is hesitant about the chances of the Legislature approving a major overhaul of state casino regulations and taxes aimed at helping them against growing competition from surrounding states.
The state Senate is considering a bill that would allow Indiana's 10 riverboat casinos to move inland to adjacent property and permit live table games at … [Read more...]
February 15, 2013 at 7:30 pm
FRANKFORT, Ky. (AP) - Senate leaders are sensing little interest in a bill that could legalize casinos in Kentucky and won't consider the issue in the current legislative session.
Senate President Robert Stivers, the Republican from Manchester, said Friday lawmakers would have little time to deal with the issue amid an already heavy agenda that includes shoring up the state's pension system for … [Read more...]
February 15, 2013 at 6:53 pm
LAS VEGAS (AP) - MGM Resorts International has named Trevor Scherrer as the new president of the Mirage casino on the Las Vegas Strip.
Chief Operating Officer Corey Sanders says Scherrer has 25 years of experience in the gambling industry, and has worked in marketing positions at several Las Vegas casinos including the Bellagio. He was formerly the vice president of operations for the … [Read more...]
February 15, 2013 at 4:29 pm
HARRISBURG, Pa. (AP) - Gross revenue from table games at Pennsylvania casinos rose 12 percent last month compared with January 2012, the state's gambling regulators said Friday.
The Pennsylvania Gaming Control Board announced that table games revenue at the 11 casinos exceeded $59 million in January and generated tax revenue of nearly $9 million.
The number of tables was also up to 1,026, an … [Read more...]
February 15, 2013 at 12:30 pm
Full House Resorts Inc. is teaming up with Keeneland Association Inc. to buy Thunder Ridge harness track for an undisclosed price.
Based in Las Vegas, Full House Resorts and Keeneland plan to acquire the harness track in Prestonsburg, which is in eastern Kentucky, and turn it into a Quarter Horse racetrack, according to the Lexington Herald-Leader. The newspaper reports that the two companies … [Read more...]
February 15, 2013 at 10:25 am
Elliott Spagat, ASSOCIATED PRESS
SAN DIEGO - Maureen O'Connor was a physical education teacher who won a seat on the San Diego City Council when she was only 25 years old, later winning two terms as the city's first female mayor as she charmed voters with a populist flair.
But her rapid rise was matched by her fall, culminating Thursday when she acknowledged in federal court that she took … [Read more...]
February 15, 2013 at 7:12 am
Chris Brummitt, ASSOCIATED PRESS
POIPET, Cambodia (AP) - Soccer betting is illegal in Cambodia, but visitors to this seedy frontier town wouldn't know it.
In the rundown market where the smell of incense mixes with rotting garbage, betting goes on 24 hours a day inside shiny, glass-fronted parlors emblazoned with photos of famous European soccer players. Fidgety men break from lines of … [Read more...]
February 15, 2013 at 5:18 am
Joshua Freed & David Koenig, ASSOCIATED PRESS, Tim O'Reiley, LAS VEGAS REVIEW-JOURNAL
DALLAS - US Airways CEO Doug Parker has landed the big merger he sought for years. Now the soon-to-be CEO of the new American Airlines has to make it work.
Planes need painting. Frequent flier programs have to be combined. And the new airline will still be weak in Asia and need to win back business … [Read more...]
February 15, 2013 at 3:22 am
Howard Stutz, LAS VEGAS REVIEW-JOURNAL
The World Series of Poker wants to create several millionaires during its 2013 tournament and not just the winner and final table participants in the Main Event.
The schedule for the 44th annual poker tournament was released Thursday and had a record 62 events that will award championship gold bracelets to the winners.
The World Series of Poker will … [Read more...]
February 14, 2013 at 8:04 pm
Howard Stutz, LAS VEGAS REVIEW-JOURNAL
MGM Resorts International on Thursday named Trevor Scherrer as president of The Mirage.
Scherrer, who has 25 years experience in the gaming industry, was most recently executive vice president of operations for The Mirage.
Scherrer has also held executive level positions the MGM Resorts corporate offices, at the Golden Nugget and the … [Read more...]
February 14, 2013 at 7:28 pm
Wayne Parry, ASSOCIATED PRESS
ATLANTIC CITY, N.J. (AP) - Miss America, Atlantic City's prodigal pageant, is coming home, and the spectacle that became synonymous with the New Jersey seaside resort is being assured all is forgiven after a six-year fling in Las Vegas.
The pageant will be back where it started 93 years ago and where it was a fixture until 2006, when organizers moved to Nevada … [Read more...]
February 14, 2013 at 7:24 pm
(Updated) Wayne Parry, ASSOCIATED PRESS
ATLANTIC CITY, New Jersey (AP) - Trump Plaza, the Boardwalk centerpiece of Donald Trump's onetime Atlantic City empire, was sold Thursday to a California company for $20 million in the cheapest of a series of bargain-basement deals for distressed gambling halls in the struggling New Jersey seaside resort.
The Meruelo Group of Downey, California, plans … [Read more...]
February 14, 2013 at 7:10 pm
(Updated) David Porter, ASSOCIATED PRESS
TRENTON, N.J. (AP) - State sovereignty, not point spreads, took center stage Thursday as lawyers for New Jersey and the Department of Justice sparred over the constitutionality of a 21-year-old federal law prohibiting all but four states from allowing legal sports betting.
At stake is New Jersey's attempt to revive its casino and horse racing … [Read more...]
February 14, 2013 at 6:46 pm
(Updated) Marc Levy, ASSOCIATED PRESS
HARRISBURG, Pa. (AP) - Pennsylvania Attorney General Kathleen Kane on Thursday rejected a long-term contract sought by Gov. Tom Corbett that would let a British firm manage the $3.5 billion Pennsylvania Lottery, saying parts of it contravene the state constitution or are not authorized by state law.
Her politically fraught decision came after Corbett … [Read more...]
February 14, 2013 at 3:30 pm
(Updated) Norma Love, ASSOCIATED PRESS
CONCORD, N.H. (AP) - Gov. Maggie Hassan called on New Hampshire lawmakers Thursday to compete with Massachusetts by legalizing one high-end casino and included licensing fees in her two-year budget to pressure them to act.
"The question is: Will we allow Massachusetts to take revenue from New Hampshire's residents to fund its needs, or will we develop … [Read more...]
February 14, 2013 at 2:35 pm
CARSON CITY - Initial claims for jobless benefits in Nevada fell 13.5 percent in January compared with the same month a year ago.
A report Thursday by the Department of Employment, Business and Industry says 20,553 initial claims for unemployment were filed in January.
State economist Bill Anderson says January marks the 35th time in the past 38 months that initial … [Read more...]
February 14, 2013 at 2:05 pm
Hannah Dreier, ASSOCIATED PRESS
One Las Vegas shooting range is selling "take a shot at love" packages that include 50 submachine gun rounds. Another is offering wedding packages in which the bride and groom can pose with Uzis and ammunition belts. And a third invites lovebirds to renew their vows and shoot a paper cutout zombie in the face.
Never known for its understatement or good … [Read more...]
February 14, 2013 at 12:21 pm
CONCORD, N.H. (AP) - Republican legislative leaders say Democratic Gov. Maggie Hassan should not have included $80 million in gambling licensing fees in her budget when New Hampshire has yet to pass casino legislation.
House Republican Leader Gene Chandler said Hassan is gambling that the House - which has never passed a casino bill - will approve it to help pay for state spending. He said if … [Read more...]
February 14, 2013 at 9:18 am
HARRISBURG, Pa. (AP) - State Attorney General Kathleen Kane is preparing to announce the findings of her office's review of a contract to hire a British firm to manage the $3.5 billion Pennsylvania Lottery.
Kane has scheduled a Thursday afternoon news conference in Harrisburg to discuss her decision.
Camelot Global Services' bid to take over lottery management from state employees expires … [Read more...]
February 13, 2013 at 9:10 pm
The UNLV effort to build a 60,000-seat domed stadium has a $360 million commitment from Majestic Realty but is facing stiff opposition from one of Las Vegas' biggest resort companies.
MGM Resorts International, which owns 10 major hotel-casinos on the Strip, earlier had pledged a $20 million donation to the University of Nevada, Las Vegas project but on Wednesday issued a statement opposing the … [Read more...]
Free trial subscription available when you use your company email address. Receive the Flash, Last Call, Adams Daily Report, Weekend Report, HOT Clicks and more.