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Florida gaming plan gets hearing March 28, 2015 by Staff & Wire Reports

​A  plan to allow two large south Florida gaming resorts was examined before a packed house and when it was over the plan’s principal architect House Majority Leader Dana Young of Tampa said she was not inclined to handicap the outcome.

PENN prepares for Massachusetts casino opening March 27, 2015 by Staff & Wire Reports

Penn National’s Plainville, Mass., casino expects to welcome its first guests June 24, pending final approval by the Massachusetts Gaming Commission. 

Nevada, Delaware announce Multi-State Poker Network March 26, 2015 by Staff & Wire Reports

Governor Markell and Nevada Governor Brian Sandoval announced today the start of the Multi-State Poker Network (MSPN), which allows poker players from both states to begin competing against one another at the same virtual tables.

Pari-mutuel revenue dips across U.S. March 26, 2015 by Staff & Wire Reports

States are not benefitting as they once did from the pari-mutuel industry. Revenue generated at pari-mutuel facilities was off again in 2014, sliding 3.5 percent $140.5 million from the prior year’s $145.6 million.

Macau faces continuing pressures for change March 25, 2015 by Staff & Wire Reports

​The emphasis on more Macau attractions other than casinos will not subside any time soon. Average gross monthly revenue for the Macau casinos is expected to shrink 25 to 30 percent through the remainder of this year.

What does Gamesys, Intertain finalized deal mean for industry? March 25, 2015 by David Cash

Gamesys, the Gibraltar-based online entertainment group, has finalized a deal with Canadian iGaming investor Intertain for the sale of key gaming brands. 

Elaine Wynn takes her power play to the Internet March 24, 2015 by Phil Hevener

Gaming Insider | Hollywood script writers are probably watching closely as Steve Wynn’s former wife Elaine Wynn continues driving home her points in what has become a flurry of SEC filings concerning Wynn Resorts, an international casino company worth billions.

NV legislature has wide range of ideas for casinos March 24, 2015 by GT Staff

The Analyst | Every two years the Nevada Legislature gathers to address the wide range of needs and topics of concern to the Nevada citizenry and to use their respective powers of law making and taxation to guide our collective destinies.

Conn. lawmakers may allow joint tribal casinos March 23, 2015 by Phil Hevener

Connecticut lawmakers are pushing a legislative plan that would allow the Mashantucket Pequot and Mohegan tribes to jointly operate up to three new casinos as the state deals with the looming reality of competition.

MGM Resorts says no to REIT March 23, 2015 by Phil Hevener

MGM Resorts has no interest in turning its hundreds of acres of Las Vegas Strip real estate into a real estate investment trust or REIT. The MGM board of directors has rejected four director nominees proposed by Land & Buildings Investment Management.

Art gallery opens at Atlantic City's Claridge Hotel March 23, 2015 by Phil Hevener

Atlantic City’s Claridge Hotel will lift the curtain on a “fine art gallery” at a grand opening reception March 28 that will be open to the public.

Community resources want access to casino money March 23, 2015 by Phil Hevener

Macau’s gaming industry may be called on to support local arts-related initiatives as resorts respond to central government instructions to put an emphasis on something other than the gambling that brought in more than $44 billion in revenues last year.

Mayweather, Pacquiao bout expected to set records March 23, 2015 by Phil Hevener

The MGM Grand is a sellout for the May 2, world championship welterweight unification fight between Floyd Mayweather Jr. and Manny Pacquiao, an event that is shaking up as a record setter in more ways than one.

PR News honors Caesars Ent. Jan Jones Blackhurst March 23, 2015 by Phil Hevener

Caesars Entertainment executive Jan Jones Blackhurst has been recognized as the 2015 PR News CSR Professional of the year. Blackhurst is the executive vice president of Government Relations and Corporate Responsibility at Caesars.

Florida gambling bill headed for hearing March 23, 2015 by Phil Hevener

Florida’s comprehensive gambling bill, a proposal that would permit two giant casino resorts in south Florida, is expected to get its first public hearing in the House this week

Borgata free-throw contest brings out pros, coaches, curious March 23, 2015 by Staff & Wire Reports

Al Callejas stood at the foul line ready to attempt a free throw worth more than $10,000 on Saturday. It didn’t even bother him that he was in the Signature Room of Borgata Hotel Casino & Spa and not a gym.

Ruling coming in Internet gambling case? March 23, 2015 by Staff & Wire Reports

A federal judge in Las Vegas could decide the fate of an illegal gambling case against a wealthy Malaysian businessman who says the FBI violated his rights by posing as Internet repairmen to get into his hotel room during the FIFA World Cup last summer.

Revel AC says no one else has come forward to bid on casino March 23, 2015 by Staff & Wire Reports

Atlantic City’s former Revel casino acknowledges it has no one to turn to but a Florida developer whose bids to buy the shuttered gambling hall have repeatedly fallen apart.

Elaine Wynn responds to charges March 20, 2015 by Staff & Wire Reports

​Elaine Wynn fired another couple of shots Thursday in her battle to remain a member of the board of directors at the resort company headed by ex-husband Steve Wynn.

Seminole survey supports Florida compact March 18, 2015 by Staff & Wire Reports

The results of a poll finds that voters “like” the level of gaming currently being offered in the state and support the renewal of the existing compact that gives the Seminoles a monopoly on Las Vegas style casino operations.

Casino Industry

South Korea starting to look like the new MacauTHE ANALYST

South Korea starting to look like the new Macau

Before the start of Chinese New Year, I had forecast a thirty percent decrease in Macau’s gaming revenue. While I had expected a major decrease because of various socio, political and economic circumstances, I was surprised at the near fifty percent drop.

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