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Massachusetts AG would deny key permit to Wynn

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Playtech likes Paddy Power, Betfair merger August 28, 2015 by Phil Hevener

Playtech expects to win more business from customers Paddy Power and Betfair Group as a result of their planned merger, the CEO at the gambling software provider said Thursday, according to Reuters.

Caesars Entertainment wins for the moment August 28, 2015 by Phil Hevener

​Caesars Entertainment has “beat back for now,” Reuters reports, a challenge by bondholders who claimed the company broke federal law when it threw out a promise to help repay $7 billion owned by its bankrupt operating unit.

Top transportation official backs permit for Wynn casino August 27, 2015 by Staff & Wire Reports

Massachusetts’ top transportation official says Wynn has adequately addressed traffic and transit issues surrounding its planned $1.7 billion casino project for the Everett waterfront.

Profits up again in slimmed-down Atlantic City casino market August 27, 2015 by Staff & Wire Reports

Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City’s gambling market last year. Figures released show seven of the eight surviving casinos posted increases in profit in the second quarter of this year.

Paddy Power, Betfair to merge into online betting giant August 27, 2015 by Staff & Wire Reports

Paddy Power and Betfair have agreed to merge, creating one of the world’s largest online betting and gaming companies by revenue. Paddy Power shareholders would own 52 percent of the combined group and Betfair shareholders would own 48 percent.

Union ramps up strike threat against Taj Mahal casino August 27, 2015 by Staff & Wire Reports

Atlantic City’s main casino workers union is ramping up its threat of a strike against the Trump Taj Mahal casino. Local 54 of the Unite-HERE union says it will load a storage trailer on Tuesday with supplies it would need for a strike against the casino.

Morongo Casino high-tech commercials mark industry first August 26, 2015 by Staff & Wire Reports

​Southern California’s Morongo Casino, Resort & Spa is using a new series of high-tech television ads that mark an industry first by combining state-of-the-art Rotoscoping technology with sweeping visuals.

New Jersey not about to call sports betting quits August 26, 2015 by Phil Hevener

New Jersey’s long effort to install sports betting in Atlantic City casinos has been stopped again by a three-judge panel of the Third Circuit Court of Appeals in Philadelphia. But the campaign will return in some form. 

Macau's woes benefit Australia gaming revenues August 26, 2015 by Phil Hevener

Wealthy Chinese gamblers who have been avoiding Macau casinos may be traveling farther than ever to scratch their gambling habits. Gaming revenues from international players in the Australia and New Zealand markets grew by more than 20 percent.

Florida talks with Seminoles back on track – maybe August 26, 2015 by Phil Hevener

​Will Florida and the Seminole Tribe be able to talk their way through an impasse that has the tribe offering banked card games at its seven casinos weeks after the compact that allows such games expired?

Federal ban on sports betting upheld by appeals panel August 25, 2015 by Staff & Wire Reports

New Jersey has struck out again in its efforts to legally offer sports betting. A federal appeals court panel in Philadelphia on Tuesday upheld the federal ban on sports betting in all but four states.

Mitch Garber may get Caesars Entertainment to China August 25, 2015 by Phil Hevener

Gaming Insider | Caesars Entertainment may find a spot for itself in the Chinese entertainment market now that the man in charge of its interactive and social gaming is also holding down a second position as chairman of Cirque du Soleil, Mitch Garber.

Renminbi devalued a bit, but sky is not falling August 25, 2015 by The Analyst

The Analyst | Concern for Las Vegas gambling companies with interest in Macau, which are highly dependent on casino patronage from China, should be the continuing growth of regional gaming in other bordering countries. 

Will private entity wagering pass the do-they-care test? August 25, 2015 by Phil Hevener

Gaming Insider | Will private entity wagering pass the do-they-care test? I have written recently to the effect the results of this year’s legislation that legalizes sports betting by private out-of-state groups did not seem to be generating a lot of interest.

Caesars Ent. Corp. reaches agreement with lenders August 24, 2015 by Phil Hevener

Caesars Entertainment Corp. says it has reached an agreement with its largest lender group, enabling the company to push forward with the restructuring of its bankrupt operating division. Total Caesars debt is an industry-high $22.8 billion. 

Massachusetts AG would deny key permit to Wynn August 24, 2015 by Phil Hevener

​Wynn Resorts should not get a key permit for its $1.7 billion resort at the Everett waterfront until there is a plan in place to deal with traffic in “Boston’s notoriously congested Sullivan Square area” a short distance from the casino site.

MGM taps Logan Gaskill to lead National Harbor HR team August 24, 2015 by Phil Hevener

​MGM National Harbor, the integrated destination resort opening in 2016 has announced Logan Gaskill’s appointment as vice president of human resources. He will be MGM’s senior executive in charge of hiring a workforce of about 3,600 employees.

Horseshoe Casino Baltimore celebrates birthday August 22, 2015 by Phil Hevener

The Horseshoe Casino Baltimore has seen it all and heads for its first birthday Aug. 26, a month when the casino is on track to hit its highest monthly revenue total yet, according to General Manager Chad Barnhill.

Penn National Gaming completes Tropicana purchase August 21, 2015 by Phil Hevener

​Penn National Gaming finally has what it has been wanting for years – a major resort in a good location on the Las Vegas Strip. The Nevada Gaming Commission signed off on the $360 million purchase this week.

MAGIC fills expanded Mandalay center August 20, 2015 by Phil Hevener

​Mandalay Bay’s expanded convention center did not remain empty for long following the opening this week of a 350,000-square-foot addition. Mandalay and its corporate parent MGM Resorts can now host shows, expositions, etc.

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Will Nevada books get fantasy sports?NEVADA REGULATION

Will Nevada books get fantasy sports?

The growing multi-billion dollar business of fantasy sports has finally gotten large enough to hold the attention of both the Nevada Gaming Commission and several gaming company CEOs. For the Commission the obvious fantasy sports issues are...

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