Disney, Seminole Tribe team up with $26 million to keep casino competition out of FloridaBy Scott Maxwell, Orlando Sentinel • August 17, 2018In covering politics, it often takes a lot of work to connect the dots. I might suspect one guy is running a stealth campaign attacking another guy. But if the schemer is using shell corporations, LLCs and shady political committees… [continue reading]
Dancing the Wall Street TangoBy Ken Adams, CDC Gaming Reports • August 16, 2018Wall Street can be a ruthless taskmaster. Public companies hold earnings calls each quarter to discuss and explain the company’s revenues, profits and the extenuating circumstance-effected results. Analysts and reporters are on the call to ask questions and probe into… [continue reading]
Paddy Power speaks out against blanket gambling ad ban in IrelandBy Luke Haward, CDC Gaming Reports • August 16, 2018There’s a strange sense of già visto wafting around the Irish gambling industry this week. That’s the slightly less catchy Italian translation of déjà vu, as Ireland mulls over the merits and perils of a ban on gambling advertising without… [continue reading]
Gambling with our future: Betting industry football sponsorship needs tackling head-onBy Dr. Heather Wardle, Huffington Post UK • August 15, 2018The opening match between Manchester United and Leicester City will look different to many Premier League fixtures this season. Not just for the 8pm Friday kick-off time but because it’s a fixture where the two teams involved do not have… [continue reading]
Ormsby House: Even a great location no guarantee of successBy John L. Smith, CDC Gaming Reports • August 15, 2018CARSON CITY – If success in business starts with three words – location, location, location – then the Ormsby House must have seemed like a surefire winner when it opened in 1972 almost directly across the street from the Nevada… [continue reading]
States should tread carefully in setting sports betting tax ratesBy Johnny Kampis, Watchdog.org • August 15, 2018The dynamic screens at the Venetian sports book list the various odds of the day, and the Atlanta Braves at 16-1 are a tempting pick to win the World Series. Although the team leads the National League East and faces… [continue reading]
It’s Not Necessarily A Bad Thing If Another Atlantic City Casino FailsBy Steve Ruddock, Play NJ • August 14, 2018The Atlantic City casino market is up to nine casinos following the dual openings of Ocean Resort Casino and Hard Rock Atlantic City in late June. The addition of the two properties saw AC casino revenue hit an eight-year high… [continue reading]
Analyst doesn’t believe $315 million judgement will haunt Scientific GamesBy Howard Stutz, Executive Editor, CDC Gaming Reports • August 14, 2018Investor concerns over Scientific Games Corp.’s potential need to make good on a $315 million judgement in a federal lawsuit may have played a role in the company’s recent stock price decline. If upheld, the judgement could do serious harm… [continue reading]
Cyborgs, yachts and VR: How technology will impact sports bettingBy David Purdum and Ryan Rodenberg, ESPN • August 14, 2018In 2026, when North America hosts the World Cup, experts predict more than half of all U.S. states will be in the bookmaking business. And by that time, bookies, bettors and the regulators who monitor them will be playing an… [continue reading]
Nevada gaming regulators’ technology division watches evolution of sports betting in real timeBy John L. Smith, CDC Gaming Reports • August 13, 2018Big changes are coming to legalized bookmaking in the wake of the repeal of the Professional and Amateur Sports Protection Act, but Jim Barbee takes those changes in stride. Barbee, chief of the Technology Division at the Nevada Gaming Control… [continue reading]
Designed to deceive: How gambling distorts reality and hooks your brainBy Mike Robinson, Wesleyan University, Associated Press • August 13, 2018(THE CONVERSATION) To call gambling a “game of chance” evokes fun, random luck and a sense of collective engagement. These playful connotations may be part of why almost 80 percent of American adults gamble at some point in their lifetime…. [continue reading]
The Life-Changing Magic of Chicken Wings and Sports BettingBy Jason Gay, The Wall Street Journal • August 13, 2018Buffalo Wild Wings is looking at getting into sports gambling. The local B-Dubs has always been an attractive choice for sports TV excitement, but someday you may be able to add the possibility of losing money on the Chicago Bears?… [continue reading]
As Louisiana riverboat casinos move onshore, a reminder how it isn’t an ‘expansion of gambling’By James Gill, New Orleans Advocate • August 12, 2018Riverboat casino owners will need to shell out for a few extras — a hotel or conference center, say — to get permission from the state Gaming Control Board to move operations onshore. Board chairman Ronnie Jones this week explained why: “The… [continue reading]
The Right Man for the JobBy Ken Adams, CDC Gaming Reports • August 9, 2018Phil Satre has a new job; he is the chairman designate of Wynn Resorts. Satre has a long and storied career in gaming. After law school, Satre joined the law firm of Vargas and Dixon; Mead Dixon was an attorney… [continue reading]
Japan gaming license would soften Caesars’ pain after missing out on Macau, SingaporeBy Howard Stutz, Executive Editor, CDC Gaming Reports • August 7, 2018The process that Japan undertakes to award three casino licenses will be the most competitive bidding war the gaming industry has seen since 2006, when Singapore granted integrated resort deals to Las Vegas Sands Corp. and Malaysia-based Genting Berhad. Both… [continue reading]
Longtime casino executive Satre will help put out the fire at Wynn ResortsBy John L. Smith, CDC Gaming Reports • August 6, 2018A construction fire that started Sunday morning at Encore Boston Harbor could have been devastating, but fast action quickly extinguished the flames. Still, the smoky symbolism was impossible to miss. Big trouble of another kind has smoldered at the $2.5… [continue reading]
Legalized betting may not be a great panacea, after allBy Nick Canepa, San Diego Union-Tribune • August 6, 2018It probably won’t be long before you can order a caffe macchiato at Starbucks and then tell the barista to put down a few sawbucks on Rams-49ers and Raiders-Judases. I’m not overly excited about either. I have a coffee maker,… [continue reading]
Casinos are getting nervous as Las Vegas revenues drop and their stocks slumpBy David G. Schwartz, Forbes • August 6, 2018Las Vegas casino operators seemed to be cruising earlier this year, but the summer has turned into a bit of a bummer for them. Whether this is a temporary decline or the start of a bigger reshaping remains to be… [continue reading]
You couldn’t go anywhere without reading about MGM last week, but not all the stories were positiveBy Howard Stutz, Executive Editor, CDC Gaming Reports • August 5, 2018Jim Murren was a factor in as many headlines last week as LeBron James during the NBA playoffs. He and his casino company dominated the newswire. There are a few mentions, however, that Murren, chairman and CEO of MGM Resorts… [continue reading]
Bookies go from pariahs to partners in NBA dealBy Tim Dahlberg, Associated Press • August 3, 2018LAS VEGAS (AP) – As revenue goes it barely registers on the books. The NBA probably gets more from the contract with its frozen daiquiri vendor than it does the new deal it inked with casino giant MGM Resorts International…. [continue reading]
Casinos in Italy May Be an Endangered SpeciesBy Andrew Tottenham, Managing Director, Tottenham & Co • August 3, 2018Italy, with a population of nearly 70 million, has only four casinos, all of which are located in the north of the country and are owned and regulated by local municipalities. Despite their shared monopoly they have fallen on hard… [continue reading]
The Rise of the Sports Betting HydraBy Luke Haward, CDC Gaming Reports • August 3, 2018Back in May we ran an in-depth piece looking at a host of issues in the sports betting world which Europe has had to navigate, since it has possessed, in most cases, a liberal market of legalised sports betting for… [continue reading]
Developments in Italian Gambling Ad Ban: Facebook, EGBA, LOGiCOBy Luke Haward, CDC Gaming Reports • August 2, 2018The reality in Italy is starting to sink in. First, Google ordered advertisers to discontinue gambling ads facing Italy with immediate effect, despite the ban commencing in January 2019, and now fellow (and rival) tech behemoth Facebook is following suit…. [continue reading]
Here a Pokie, There a Pokie, Everywhere a Pokie-PokieBy Ken Adams, CDC Gaming Reports • August 2, 2018In Australia slot machines are called Pokies. The name is derived from poker machines, although the name predates gaming machines that actually offered poker. In 1953, Len Ainsworth started to use his dad’s company and machinery to manufacturer slot machines…. [continue reading]
Despite Wynn’s problems, casino still rises in EverettBy Joan Vennochi, Boston Globe • August 2, 2018There, beyond Costco and the Texas Roadhouse restaurant, it looms: The golden tower, rechristened “Encore Boston Harbor,” to erase the name of Steve Wynn from the $2.5 billion casino project the now disgraced mogul personally championed for Everett. A recent… [continue reading]
