Chris Sieroty, Las Vegas Review-Journal · October 6, 2013 at 10:03 pm
Vantiv Inc. has launched a new division offering payment processing services for the gaming industry, an industry that has grown into a business with $37.3 billion in annual revenue from casinos in 39 states.
The Cincinnati-based company officially launched Vantiv Gaming Solutions during Global Gaming Expo 2013 at the Sands Expo and Convention Center in Las Vegas.
“It’s exciting times,” said … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 6, 2013 at 10:02 pm
Gaming analysts were turned into film critics during last month’s Global Gaming Expo.
Knowledge of the entertainment industry was a required tool when visiting the booths of the major slot machine manufacturers inside the Sands Expo and Convention Center.
You also needed to avoid the roaming zombies from Aristocrat Technologies and the Na’vi warriors patrolling the International Game … [Read more...]
Chris Sieroty & Howard Stutz, Las Vegas Review-Journal · October 6, 2013 at 10:02 pm
Although most might think the gaming business is confined to the borders of Nevada and New Jersey, the commercial casino industry consists of 513 casinos in 23 states, with 34 percent of the total U.S. population visiting a casino last year.
Over four days, thousands of industry executives and employees gathered for this year’s Global Gaming Expo.
Held Sept. 23 to 26 at the Sands Expo and … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 6, 2013 at 2:02 am
Gibraltar-based 888 Holdings has quietly carved out an extra-large share of the neophyte U.S. online gaming market.
The company, one of the largest operators in legal European Internet gaming jurisdictions, has deals to operate interactive gaming platforms — the technology to house the online gambling websites — in all three states where the activity is legal: Nevada, New Jersey and … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 5, 2013 at 2:21 am
Caesars Entertainment Corp. told shareholders they have until Oct. 17 to participate in a stock sale that will raise $1.18 billion and place ownership of Planet Hollywood, the company’s interactive division and a new Baltimore casino into a new holding company.
Caesars announced the restructuring effort in April. Nevada gaming regulators signed off on the plan in July.
According to a … [Read more...]
October 4, 2013 at 5:14 pm
BALTIMORE (AP) - The Rocky Gap Casino Resort has received approval to have live poker games.
Maryland Lottery and Gaming Control Agency Director Stephen Martino signed the operations license on Friday after a successful controlled demonstration.
The casino will have three poker tables. That will bring the number of Rocky Gap's table games to 13.
The casino opened to the public in … [Read more...]
Associated Press · October 4, 2013 at 3:38 pm
BOSTON (AP) - Three companies have formally applied to operate a slots parlor, the first type of expanded gambling facility expected to open in Massachusetts, state gambling regulators said Friday.
The Massachusetts Gaming Commission had set a 2 p.m. deadline for the companies to return the 236-page application forms. All three had already paid a $400,000 fee to the panel in January during an … [Read more...]
Chris Sieroty, Las Vegas Review-Journal · October 4, 2013 at 3:14 pm
he downtown Las Vegas resort property once known as the Lady Luck will reopen next month as the Downtown Grand, the property’s chief executive said Friday.
Seth Schorr, CEO of the Downtown Grand Las Vegas, said a ribbon cutting ceremony is set for Nov. 12. Schorr also said reservations were being accepted for rooms with availability beginning Oct. 27.
“We have been working hard on this … [Read more...]
October 4, 2013 at 1:22 pm
PROVIDENCE, R.I. (AP) - The Rhode Island Lottery contributed more than $379 million to the state in the fiscal year that ended June 30.
The state announced the total on Friday. The amount is the lottery's net income after paying out prizes and deducting commissions and operating expenses. The money goes to the general fund, which is used to pay for most state services.
The amount is $1.5 … [Read more...]
Hannah Dreier, Associated Press · October 4, 2013 at 10:50 am
LAS VEGAS — The cannon at the Flutter Fetti booth near the front of the gambling trade show in Las Vegas last week delivered regular bursts of metallic and crepe paper cutouts, shooting them to the ceiling in big booms and carpeting the floor with shimmering hearts, stars and circles. The glittery mess outshone the slot machines and online poker touchscreens in more ways than one.
A poll … [Read more...]
Wayne Parry, Associated Press · October 4, 2013 at 9:39 am
ATLANTIC CITY, N.J. (AP) - New Jersey residents and visitors will be able to start gambling online on Nov. 26, after a five-day trial period to make sure the systems operated by the city's 12 casinos work properly.
The state Gaming Enforcement Division told The Associated Press on Friday that Atlantic City's casinos may begin a "soft play" period on Nov. 21 for invited guests. If all goes well, … [Read more...]
October 4, 2013 at 6:50 am
The Mob Attraction, which mixes organized crime mementos with actors who portray shady characters, will close when its lease at the Tropicana ends on Nov. 3.
According to spokesman Spence Johnston, the attraction does not have a new home lined up even though the lease expiration has been known for months. He said, however, talks are under way at other, unidentified locations.
The attraction, … [Read more...]
Vicki Smith, Associated Press · October 3, 2013 at 6:30 pm
MORGANTOWN, W.Va. (AP) - Jacobs Entertainment is trying to buy West Virginia-based MTR Gaming Group, offering a deal it says is 10 percent richer for shareholders than MTR's planned merger with Eldorado Resorts.
In U.S. Securities and Exchange Commission filings Wednesday and a letter to MTR, chief executive Jeffrey P. Jacobs said his unsolicited offer of $5.69 per share is worth $15.6 million … [Read more...]
Chris Sieroty, Las Vegas Review-Journal · October 3, 2013 at 5:46 pm
Cantor Fitzgerald LP denied a published report Thursday that federal prosecutors are investigating its gaming unit’s chief executive for participating in his company accepting illegal sports bet.
The Wall Street Journal reported that the investigation into Cantor Gaming CEO Lee Amaitis came to light after Michael Colbert, the firm’s former vice president of risk management, pleaded guilty last … [Read more...]
Julie Carr Smyth, Associated Press · October 3, 2013 at 5:39 pm
COLUMBUS, Ohio (AP) - Ohio's effective ban on storefront sweepstakes parlors is set to go into effect Friday, after opponents dropped their effort to pursue a ballot repeal due to a lack of signatures.
The Committee to Protect Ohio Jobs said its petition-gathering firm was unable to collect the roughly 71,000 additional valid signatures needed by Thursday's deadline to put the repeal on the … [Read more...]
Michael Melia, Associated Press · October 3, 2013 at 5:08 pm
HARTFORD, Conn. (AP) - The former treasurer for the tribe that owns and operates the Foxwoods Resort Casino pleaded guilty to a theft charge Thursday, a day after resigning as a member of the Mashantucket Pequot tribal council.
Steven Thomas was indicted in January along with his brother, former tribal chairman Michael Thomas, on allegations they each bilked money from the tribe. Michael Thomas … [Read more...]
Bob Salsberg, Associated Press · October 3, 2013 at 4:00 pm
BOSTON (AP) - Massachusetts gambling regulators said Thursday that Mohegan Sun had cleared a required background check and could continue its pursuit of a resort casino in the town of Palmer.
The five-member gaming commission voted unanimously to qualify the Connecticut casino operator, saying agency investigators working with state police had not uncovered any factors that would disqualify the … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 3, 2013 at 3:15 pm
Michael Achenbaum had several opportunities to bring his Gansevoort brand to Las Vegas over the past few years.This week, while viewing the $185 million transformation of the Barbary Coast/Bill’s Gamblin’s Hall into the Gansevoort Las Vegas, the New York City-based hotel developer said he was seeking “an interesting and unique” opportunity to plant his boutique lifestyle hotel on the Strip.He … [Read more...]
Chris Sieroty, Las Vegas Review-Journal · October 3, 2013 at 2:57 pm
Daniel Lee, a veteran gaming executive, has been appointed chief executive officer of the Palms.
Lee replaces Joseph Magliarditi, who took over day-to-day operations of the off-Strip property in June 2011.
“I can confirm there has been a change in leadership,” the Palms said in a statement Thursday. “Daniel Lee … joins the newly renovated property with a wealth of experience in the gaming … [Read more...]
Chris Sieroty, Las Vegas Review-Journal · October 3, 2013 at 12:59 pm
Howard Stutz, Las Vegas Review-Journal · October 3, 2013 at 11:54 am
Macau casinos collected $3.6 billion from customers during September and analysts already are debating whether or not October’s results could surpass the single-month all-time record.
Macau’s Gaming Inspection and Coordination Bureau said Thursday that casino revenues in the Chinese enclave grew more than 21 percent during the month. Through the first nine months of the year, gaming revenues … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 3, 2013 at 9:46 am
Chris Sieroty, Las Vegas Review-Journal · October 3, 2013 at 9:00 am
Michael Colbert, a former director of risk management and vice president with Cantor Gaming in Las Vegas arrested last year in connection with a nationwide illegal bookmaking ring, has pleaded guilty to a single felony charge of conspiracy.
Colbert, 33, entered his plea Sept. 21 in District Court for the Eastern District of New York. He is scheduled to be sentenced Dec. 9, according to court … [Read more...]
Associated Press · October 3, 2013 at 4:16 am
FLINTSTONE, Md. (AP) - The Rocky Gap Casino near Cumberland is demonstrating its poker tables for Maryland gambling regulators.
General Manager Scott Just says the controlled demonstration for the Maryland Lottery and Gaming Control Agency is set for Thursday afternoon.
He says the casino looks forward to offering poker to the public as soon as regulators give their approval.
The three … [Read more...]
October 3, 2013 at 3:00 am
BOSTON (AP) - State gambling regulators are expected to question Mohegan Sun executives about their finances before deciding whether the Connecticut casino operator can move forward with its bid for a $1 billion casino development in the town of Palmer.
The Massachusetts Gaming Commission plans to hold a so-called "suitability" hearing for Mohegan Sun on Thursday. It will be the first such … [Read more...]
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