Industry News Archive Page 12

Resorts Atlantic City is out to shake up the traditional nightclub with the introduction of an entertainment experience that infuses a theatrical element featuring up and coming artists.

Even though the U.S. House earlier this month passed legislation that would prohibit use of credit cards to settle online gaming debts in the U.S., the Senate is unlikely to follow-up, at least any time soon.

Reno-based International Game Technology (IGT) this week beat Wall Street analysts’ expectations, increasing sales by six percent and gross profit by eight percent year-over-year, analysts told OnlineCasinoCrawler.com.

A new report by a leading, European market research firm reports that growth in U.K. consumer spending on online gambling is being driven by “leisure gamblers,” as the trend goes mass market.

Aztar Corporation held is first financial resorts conference call since the company’s announcement it would merge with Wimar Tahoe Corporation d/b/a Columbia Entertainment, the gaming affiliate of Columbia Sussex Corporation.

Shares of a number of online gaming companies -- including PartyGaming PLC -- are slumping due to the legal woes at Betonsports PLC.

Riviera Holdings Corporation is up against the ropes as one of its largest stockholders -- D.E. Shaw & Co. LLC -- plans to veto the deal in an upcoming shareholder vote. The vote is scheduled for August 8, 2006.

The spiraling prices may, in fact, be the reason that online poker is becoming the favorite pastime in dormitory rooms at college campuses across the U.S.

The company that built a pair of extremely successful casinos for Florida’s Seminole Indians are claiming they are being cut out of their fair share of profits.

The leading online gaming sites, meeting last week in Gibraltar, agreed to work together to standardize their accounting methods, so the industry will have one global set of key performance indicators (KPIs), giving investors better insight into their respective revenues.

The casinos in Atlantic City were back in business early Saturday after a week long New Jersey state government standoff. The standoff pitted the state’s Republican governor against the state’s Democratic legislature in a battle of wills over its 2007 budget.

Bowing to political pressure, the Narragansett Indian Tribe finally let out some details on its financial agreement with Harrah’s Entertainment, which will have the two entities partnering on a proposed casino in West Warwick Rhode Island.

The U.S. House of Representatives is this week putting its cards on the table – holding hearings on the issue of online gaming, experts are telling OnlineCasinoCrawler.com.

It’s now nearly a month since legislators in Washington State enacted a new law that bans online gambling, and many legal experts there are now raising pointed questions as to whether the inflammatory law will hold up in court.

On the heels of its landscape altering deal with MGM Mirage Corporation, the Mashantucket Pequot Tribal Nation has signed and agreement to advise a California tribe on its own emerging casino operations.

It’s no dice for Atlantic City casinos. Though legislators engaged in an extremely rare 4th of July legislative session, New Jersey politicos were unable to work through a budget impasse which has caused the state to shut down all non essential expenses until the 2007 budget is hammered out.

ATLANTIC CITY – The Borgata Hotel Casino and Spa debuted the first phase of a two part $525 million expansion project with the addition of a $200 million expansion of its gaming floor which included more than 36,000 square feet of casino floor space including 36 table games, approximately 500 slot machines, an 85-table poker room (the city’s largest) and a new race book.

The news dropped harder than sevening out with a full slate of come bets as casinos operators headed to court to stave off the closure.

Indian Gaming continues to be on the warpath as the country’s 420 operations raked in nearly $23 billion in 2005, an increase of 15.6 percent.

Will another hurricane, as powerful as last year’s Katrina, batter the U.S. Gulf Coast again this summer? You can watch the weatherman on TV to find out.

When the books are closed on 2006, Pinnacle Entertainment (NYSE: PNK) is sure to be considered one of the gaming industry’s biggest deal makers.

Americans can't get enough of their casinos. From Las Vegas to Atlantic City to the hundreds of smaller venues throughout the United States, more people than ever are enjoying spending their leisure time tempting lady luck.

It looks like Mohegan Sun, which is getting set to celebrate its 10th Anniversary this fall will expand again in the near future, The world's second largest casino has also laid out plans for a star-studded celebration this fall to celebrate a decade in business.

The Donald is heading to Mississippi. Atlantic City mogul, real estate Kingpin and television reality show star has his sights set on opening a casino on the shores of the Old Miss. The reported $300 million project is his first land-based venture outside of New Jersey.

Ten years after the legalization of non-Indian gaming in Detroit, the last of three permanent casinos is finally under construction. The Greektown Casino broke ground last week on its facility after multiple delays, putting the property at a disadvantage when going...

The World Series of Poker (WSOP) made a flurry of deals this week, including extending its coverage on sports broadcasting leader ESPN through 2010 and the largest sponsorship deal in poker history.

The gaming industry is reeling with anticipation after the announcement that slot machine and video lottery terminal maker WMS Industries (NYSE: WMS) has scooped up Orion Gaming for about $30.5 million (EUR 24 million). Orion Gaming is a privately owned company based out of the Netherlands...

Maxim is returning to Las Vegas. But this time it is a casino resort based on the edgy, flesh revealing magazine. The magazine’s parent company, Dennis Publishing, has struck a deal with Concord Wilshire Partners to create a $1.2 billion project with a theme based on the leading men’s magazine.

A few years ago, there was alarm that underage individuals, some as young as 11 years old, were signing up for online gaming accounts. But experts tell Onlinecasinocrawler.com that is not the case today, as the industry has embraced “effective measures” to promote responsible gambling.

Momentum is building in the U.S. Congress for a measure to legalize online gaming, after an industry study highlighted the popularity of the entertainment form among millions of ordinary Americans, and the revenues gaming generates for governments overseas sources are telling...

It’s up to Rhode Island voters now. After a more than two hour debate in the state Senate, state politicos gave the thumbs up for a November referendum that could set the stage for the state’s first casino to include table games.If passed, voters will say it’s OK for...

Sheldon Adelson has done it again. The creator of The Venetian in Las Vegas has won the right the build Singapore’s first ever casino, Marina Bay Sands Integrated Resort, through his Las Vegas Sands Corporation (NYSE: LVS). It beat out such venerable operators as Keppel Land, ...

Harrah’s Entertainment and MGM Mirage are looking to arm twist Congress into legalizing Internet gaming in the hopes of gaining control of this multi-billion dollar business. However, the House of Representatives seems bullish to effectively squelch American’s ability to wager...

Now that it’s reemerged as a premier resort getaway, people are finding more reasons than ever to flock to Atlantic City. During sun drenched summer days, four miles of pristine white sandy beaches woo sun worshippers while the city’s beach bars entertain and delight into the wee hours of the night.

In Las Vegas, it’s all about bigger is better. And it’s hard to believe anything will be bigger than Project CityCenter, a colossal $7 billion resort complex set to open in 2009 smack dab in the heart of the Las Vegas Strip. Project CityCenter is the largest privately financed in the US.