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Taj Mahal offers to restore worker health care

Industry
Atlantic City casino profits up in 3rd quarter November 26, 2014 by Staff & Wire Reports

Atlantic City’s casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos.

Caesars reaches agreement with most-senior lenders November 25, 2014 by Staff & Wire Reports

Caesars Entertainment Corp. (CZR) has reached an agreement with its most-senior lenders on a restructuring plan that includes turning its largest unit into a real estate firm, according to a report this morning from Bloomberg.

As New Jersey keeps pushing forward, so should Nevada November 25, 2014 by Phil Hevener

Gaming Insider | Last week’s rejection of New Jersey’s plans by a federal judge have not derailed the likelihood of change. The state has already declared its intention to appeal Judge Michael Shipp’s turn-down to the Third Circuit Court of Appeals.

Casinos need 'Some Type of Order' November 25, 2014 by Casino Doctors

Florida Gaming Report | “Some Type of Order” was the overriding theme of the annual Florida Gaming Congress, held at Miami’s Hyatt Regency and coordinated by Spectrum Gaming Group, Nov. 11.

The first 'Burlesque and Book' at the Royal Casino November 25, 2014 by Scott Schettler

Gaming Yesterday | The Royal Casino, not to be confused with Michael Gaughan’s Royal Inn next-door, was a made to order movie set.

 

Scientific Games closes Bally Tech. purchase November 24, 2014 by Ray Poirier

Scientific Games Corporation (SGMS) became a major player in the casino business on Friday with its merger with Bally Technologies Inc. (BYI).

Wynn Resorts Ltd. reports alert Mass. politicians November 24, 2014 by Ray Poirier

He hasn’t even taken the oath of office but Massachusetts Gov.-elect Charlie Baker has put everyone on notice that he will be watching the state’s casino affairs closely.

Without Japan, casino focus shifts to South Korea November 24, 2014 by Ray Poirier

It was the enthusiasm of Prime Minister Shinzo Abe that attracted the world’s largest gaming companies to envision a casino operating in Japan during the 2020 summer Olympics, and it was Abe’s political move that ended the dream last week.

Ontario Lottery and Gaming eye Millennial action November 24, 2014 by Ray Poirier

While U.S. lawmakers sit on the sidelines, fearing to address such a weighty subject as online gambling, officials of the Ontario Lottery & Gaming Corp. have decided to gamble on a digital future, primarily to attract millennials.

Caesars entertains idea of converting into REIT November 24, 2014 by Ray Poirier

Just as the gaming industry began to give some support to the idea that Caesars Entertainment Corp. (CZR) could transform itself into two divisions, including a real estate investment trust (REIT), company officials downplayed that maneuver.

Illinois Rep. introduces Instant Racing bill November 24, 2014 by Ray Poirier

Rep. Dwight Kay of Glen Carbon has introduced a bill that would permit the state’s racetracks to install “Instant Racing” machines as a new wagering gimmick.

New York Board to focus on awarding casino licenses November 24, 2014 by Ray Poirier

Now that voting has ended, the New York Gaming Facility Location Board can focus on awarding four casino licenses for the northern part of the state.

Genting to open Hyatt Regency Jeju Hotel casino November 24, 2014 by Ray Poirier

Malaysia’s Genting Bhd has announced a partnership between Genting Hong Kong Ltd. and mainland China’s real estate developer, Landing International Development Ltd., in a joint venture operation involving a casino on Jeju Island in Korea.

Kansas Star Casino to get equestrian arena November 24, 2014 by Ray Poirier

Boyd Gaming Corp. (BYD) may be taking a leaf out of the South Point Hotel/Casino book in Las Vegas by adding an equestrian center to its gambling facility in Kansas.

Taj Mahal offers to restore worker health care November 24, 2014 by Ray Poirier

Trump Entertainment Resorts on Saturday offered to restore health insurance to its workers as part of a last-ditch effort to keep the struggling Atlantic City casino open.

Internet gambling finds itself under attack in N.J. November 24, 2014 by Ray Poirier

With the departure of Ultimate Gaming and reports of underwhelming participation during its first year, Internet gambling in New Jersey has come under attack from those opponents who want to shut it down completely.

Judge rules N.J. cannot permit sports betting November 24, 2014 by Ray Poirier

On Friday, a federal judge ruled that New Jersey cannot permit sports betting to boost the state’s struggling horse racing and casino industries.

Alabama Supreme Court bans electronic bingo November 24, 2014 by Ray Poirier

In its decision, the court ruled that “bingo games allowed in some counties are traditional games that involve meaningful human interaction in a group setting, not games played on electronic machines.”

Casino Insider November 24, 2014 by Ray Poirier

Casino Insider | Read the latest casino industry news bites about Las Vegas Sands Corp. (LVS), Full House Resorts Inc. (FLL), Gaming and Leisure Properties Inc. (GLPI), Mohegan Tribal Gaming Authority and so much more.

New Jersey's private lottery operation faltering November 24, 2014 by Staff & Wire Reports

New Jersey Gov. Chris Christie’s hope that a private operator would boost the state’s lottery proceeds seems to be dwindling as revenue declined 9.2% during the period between July 1 and Oct. 31.

Casino Industry

Scientific Games closes Bally Tech purchase$5.1 BILLION BUYOUT

Scientific Games closes Bally Tech. purchase

Scientific Games Corporation (SGMS), a company that operated primarily in the horse racing business as a provider of ticket-issuing machines under the banner of Autotote before it merged with America’s largest lottery company, became a major player in the casino business on Friday with its merger with Bally Technologies Inc. (BYI).

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