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Caesars Ent. Corp. exits Ohio gaming market

Industry
Caesars gets hand on emergency spending money March 06, 2015 by Staff & Wire Reports

Caesars Entertainment may have one of its divisions tied up in bankruptcy court but that does not mean the company cannot get its hand on a little emergency spending money  – $847 million to be exact.

Loveman sees Caesars Interactive as 'shining star' March 05, 2015 by Staff & Wire Reports

​Caesars CEO Gary Loveman continues to see Caesars Interactive as a “shining Star” within the company as social and mobile games continue driving revenue increases.

Macau casino revenue slides March 05, 2015 by Staff & Wire Reports

​The dividends paid by publicly traded casino companies doing business in Macau are expected to be “slashed across the board,” according to a Bloomberg news report quoting an analyst who has been tracking the situation.

Florida resort casinos proposed...Again March 04, 2015 by Staff & Wire Reports

They are at it again in Florida where there is a proposal before legislators to allow two destination resort casinos, each with an initial investment of $2 billion.

What can a REIT do for Caesars Entertainment? March 04, 2015 by Staff & Wire Reports

It will make a big difference, CEO Gary Loveman said this week as he discussed plans to combine the real estate owned by Caesars Entertainment Operating Company into a publicly traded real estate investment trust.

Macau casino revenues tumble 49 percent to $2.4B March 04, 2015 by Staff & Wire Reports

The Macau casino numbers for February were as bad as expected, casino revenue plummeting 49 percent to $2.4 billion. It was the ninth straight month of declines.

Olympic-type milestone for sports betting March 03, 2015 by Phil Hevener

Gaming Insider | Last week’s vote by the Nevada Gaming Commission opened the door to sports books going places they have never been before. They can now take wagers on events that bookies could not previously touch except in their wildest dreams.

Florida gaming slightly down March 03, 2015 by Casino Doctors

Florida Gaming Report  |  After years of steady growth the overall picture appears flat and trending slightly downward.

Government needs to understand casinos to audit correctly March 03, 2015 by GT Staff

The Analyst | Over the last several months there has been a consistent string of articles attributing the corruption crackdowns in mainland China with the chill and decline in gaming revenues in Macau.

Sports betting expansion by no means a lock March 03, 2015 by Chris Andrews

The Sharp Approach | Sports bettors and casinos alike eagerly and optimistically await a federal decision that could unlock the vault and allow sports betting nationwide. Let’s not get too far ahead of ourselves.

Will Gov. Pence help Indiana casinos? March 02, 2015 by Phil Hevener

Indiana’s casinos have been feeling the pressure and the legislature may have come to its aid with the House approving a proposal that would allow live dealers for table games. Riverboat casinos could also become land based.

Elaine Wynn may lose Wynn Resorts board seat March 02, 2015 by Phil Hevener

It was a birthday present for his wife Elaine. That’s the way Steve Wynn described his purchase of the 200 acres of Desert Inn real estate for $270 million in 2000.

Las Vegas Strip off to fast start in 2015 March 02, 2015 by Phil Hevener

The Las Vegas Strip’s mix of nongaming attractions continued paying off during the first month of the year with gaming revenue rising 15.4 percent compared to the same year ago period, according to the Gaming Control Board.

Caesars Ent. Corp. exits Ohio gaming market March 02, 2015 by Phil Hevener

Caesars Entertainment Corp., continues reshaping itself with a decision to sell its 20 percent interest in the Horseshoe Cleveland, Horseshoe Cincinnati and the ThistleDown racino north of Cleveland to its Ohio partner Rock Gaming.

Macau sees casino revenues plunge during holiday March 02, 2015 by Phil Hevener

The Lunar New Year appears to have brought a lot of bad news to Macau casinos. Deep pocketed visitors from the Chinese mainland are gambling and spending less. It was “shockingly bad” in the words of one analyst.

Nevada Supreme Court denies high roller's appeal over debts March 02, 2015 by Staff & Wire Reports

The Nevada Supreme Court has denied an appeal by a high roller accused of failing to pay $384,000 in gambling debts to four Las Vegas casinos.

Iowa racing officials look at plan to distribute $72M March 02, 2015 by Staff & Wire Reports

Iowa racing officials are reviewing a recommended plan to distribute $72 million settlement related to the end of greyhound racing in Council Bluffs. Half of the money would support the Iowa Greyhound Association’s operation of the Dubuque track.

Legislative committee approves New Mexico gambling compact March 02, 2015 by Staff & Wire Reports

A New Mexico legislative committee threw its support behind a new gambling compact between the state and Native American tribes. The revamped gambling compact would let tribal casinos stay open around the clock and offer complimentary food and lodging.

Supporters cheer as Deadwood gambling bill heads to Daugaard March 02, 2015 by Staff & Wire Reports

Deadwood gambling advocates were jubilant that a yearlong push to allow three new games in the historic outlaw town is finally coming to a close. The state House voted 46-22 to approve the proposal to allow keno, craps and roulette.

Competitors hungry for Seminole blackjack deal to expire March 02, 2015 by Staff & Wire Reports

As Florida lawmakers appear ready to allow key portions of the state’s high-stakes gambling deal with the Seminole to expire, other gambling interests are watching keenly for openings in the multi-billion dollar industry.

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Casino Industry

Sports betting still talking expansionSPORTS WAGERING

Sports betting still talking expansion

Consumer confidence or the lack of it and the shifting nature of economic landscapes signals a need for adjustments. Let’s focus on Nevada for a couple minutes. Casino regulators and the lawmakers now in session in Carson City have opportunities to weigh in on these issues as they consider expansion of sports and race wagering menus.

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