SLEEPER OF THE YEAR? Scientific Games Corp. (SGM),
the company formed when Autotote Corp. bought out the company earlier
this year, is my candidate to become gaming’s sleeper of the year stock.
Autotote’s chairman and CEO Lorne Weil, an
astute businessman with nine lives, made it all happen when he acquired the
leading manufacturer of instant lottery tickets and dispensing machines.
Needless to say, some eyebrows were raised with Weil’s
pick. Should a guy who’s been up and down and over and out try to fit a
lottery operation with the company’s successful pari-mutuel wagering systems?
sure Weil needs negativity to motivate. Maybe so. The company’s stock has
risen from the middle to high $2 range and closed Monday at $5.39.
Weil and his
team took well-deserved bows with the installation of new lottery systems in
both Maine and Iowa.
How high is
FROM THE PEACE PIPE! “Although the official sign isn’t up yet, bet your
beads or bangles that Station Casinos (STN) would do a deal with an
Indian tribe for a $100 million casino in the Reno area,” said a rosebud.
United Auburn Indian Community will team up with Station to build the
casino and entertainment facility outside of Roseville, just north of Interstate
the blessings of the Bureau of Indian Affairs to put land in trust for the
tribe. They are a big fave to get it. And, within a year of approval, the
49-acre parcel will be ready to roll the dice.”
affected by the project would be downtown Reno casino operators who already are
screaming and hollering that Indian tribes in California are damaging. One so
close to Reno would likely be very damaging.
hope still springs eternal for one Reno casino top gun. He asked
not to be identified.
visitors seeking more of a destination, more attractions and more amenities will
hold their own. However, Reno has miles to go before it sleeps in improving the
source: “The tribe picked a winner in Station. The company has a proven track
record of attracting locals and nearby Sacramento would certainly be a target
area. As for a hotel, one is planned, but not for the initial phase.”
IS THE MOTHER OF INVENTION! CyberLocator.com has come up with an
inexpensive, easy-to-install USB devise that can pinpoint the location of any
equipped computer using measurements taken from satellite sensors.
Siegel, an executive with CyberLocator, said the technology is so precise
that it can determine on which corner of the desk a computer is ÂÃ‚Âsitting.
The former Bally’s
slot machine sales exec said CyberLocator has developed a practical method for
attaching its equipment directly to central gaming servers such as those being
considered by Nevada regulators.
explained: “When a gambler attempts to enter an online casino via the web, the
company’s machine intercepts the transaction, makes sure it’s authentic with
a GPS receiver, then allows qualified surfers to continue.
Everyone else is shutout.
wouldn’t be surprised to learn that management at MGM Grand (MGG), Harrah’s
Entertainment (HET), and Park Place Entertainment (PPE) are doing
back flips in excitement. These companies ”” others will certainly follow ””
see that casino gamblers from 38 states with legal games of chance could soon
send their web browsers to Las Vegas. And, don’t forget the money. If Nevada
regulators find a way to police the action, a bill already signed by the
governor could make Nevada the first to establish legal click-and-bet
be the missing ingredient to enable not only Nevada, but also the feds to say
IF THE MONEY
HAD LASTED, maybe ”” just maybe ”” New York Gov. George Pataki and
other state politicians would not have suddenly decided to approve three casinos
in Western New York.
years of wrangling and bickering over the question of approving additional
casinos in New York,” said a pipe, “the state’s cookie jar
is getting close to empty. New Yorkers need money. That’s why the change of
it’s far from a done deal as opposition will come out of the woodwork to fight
this off. But, it says here, that when the smoke clears there will be casinos in
Western New York.”
IS TALKING! “When Charles M. LaLoggia speaks, I listen,” said a rosebud.
February, the author of Super Stock Investor sniffed out strong
rumors that Mikohn Gaming (MIKN) might be a takeover target. It prompted
him to draw up a five-year chart of MIKN.
No one can
spot takeover targets better than LaLoggia.
a potentially huge base pattern with a breakout pattern of around $9,”
LaLoggia told GamingToday.
He went on
to add that the company (MIKN) could possibly become a takeover target if it
manages to hit on a popular line of games, either from a large slot company (WMS
Industries or Aristocrat Leisure) or, perhaps, some company
seeking to enter the industry.
Monday at 7.88, up 20 cents.
SKIDOO! Park Place Entertainment (PPE) is replacing its striking slot
machine attendants at its Caesars Atlantic City casino.
I hear the
attendants earn between $8.60 and $13.00 an hour and want more, said a pipe.
Place is willing to go 10 cents an hour more, case closed. I hear the strikers
are sending customers to ”˜try the slots at Trump’s next-door,’” the pipe
Caesars New Jersey another sec. The casino reported the steepest revenue decline
(down 14.5%) among Garden State casinos.
smiled on some players. Also, even simulcast revenue for June dipped 6.1% to
LIKE DAVID AND GOLIATH! Little Home Gambling Network, a subsidiary of
i2corp.com (ITOO), is suing Dr. Stanley Ho and his DrHo.com
online gaming site for an alleged violation of its patent.
stopped 100 people on the street and asked about i2corp.com, few if any could
identify the Las Vegas-based company operated by the Molnick family. But
Dr. Ho, the Malaysian casino mogul, was recently listed in Forbes magazine
as having a net worth of $1.1 billion.
The size of
their adversary isn’t daunting the Molnicks. Says Mel Molnick,
president of HGN, “As we have done successfully before, we will continue to
vigorously defend our intellectual property no matter where the infringing
entity is located in the world and DrHo.com is no exception.”
Gambling Network has a U.S. patent that covers remote wagering on live games and
events with electronic financial transactions. In other words, if you play a
live game on the Internet and pay with credit card or some similar method,
HGN’s patent prevails. Or, at least, that’s their contention.
SEE/MONKEY DO! A New Jersey in-the-knowster with strong links
to movers and shakers insist that the Garden State will do what the Silver State
has done: Give its blessings to Internet gaming.
Frank LoBiondo (R-NJ), who two years ago led the fight to ban the
concept, is reviewing the situation.
LoBiondo to get some reassurance that there will be a way to ban minors from
betting. When it happens, look for the congressman to change his tune,” the in-the-knowster
In a related
matter, LoBiondo is opposed to a ban that would outlaw amateur sports betting. A
source close to the congressman said he believes legal Nevada sports books help
authorities spot trends that could expose game rigging.