Industry News Archive Page 7

Casino Opens in Indiana

Indiana opened up its newest and final riverboat casino to much fanfare and celebration last week. For many in the town it’s been a nearly 20 year quest to bring gaming to the town of French Lick and therefore save the community from financial straights. By Glenn Haussman
Expand Slots at Indian Reservations

Republican Gov. Jeb Bush of Florida is leaving office in three months -- due to term limits -- and gambling industry insiders are predicting that there will be a "significant expansion" of slot machines and off-track betting at Indian reservations throughout the state when the next governor comes into office. By Gene Koprowski
Majority Support Legalized 'Table' Gaming

A new poll, sponsored by the Mountaineer Race Track and Gaming Resort, shows that a majority of West Virginia residents support legalized "table gaming," including poker and blackjack throughout the state. By Gene Koprowski
Singapore Casino To Be Revealed

Harry’ Island, that’s the name of the proposed US $3.5 billion project that would be based on the fictional character Hurricane Harry. By Glenn Haussman
Internet Gambling Revenues Increased

“Online gambling is on the rise, and there is a need to do something about this at a global level'' Culture Secretary Tessa Jowell told reporters, during a conference outside of London, at a famed, 300 year-old horse racing track.
Rhode Island Casino Decides
Industry News. / Posted:2006/11/01
Voters are heading to the polls next week in Rhode Island to choose whether they want to permit Harrah’s Entertainment and the Narragansett Tribe to construct and operate a major casino resort development in West Warwick. By Glenn Haussman
'International' Laws to Protect Online Gaming
Industry News. / Posted:2006/10/30
The U.K.'s cultural secretary Tessa Jowell is this week calling for an "international agreement" on the regulation of online gaming, as leading industrialized powers seek a way around the draconian law against online gaming signed by U.S. President Bush earlier this month. By Gene Koprowski
Gaming Crown for Macau

It’s happened. Though it’s only a fraction in size (less than 29 square km) compared to the world famous Las Vegas Strip, miniscule Macau has usurped the crown of Gaming Capital of the World. By Glenn Haussman
Rumors of a Partnership at Wynn Resorts

Though an infamous 1998 New York magazine pegged the as mortal enemies, it looks as if Donald Trump and Steve Wynn might be hatching a scheme to do business together in Atlantic City. By Glenn Haussman
Online Casinos Build Multi-Lingual Sites

A new software program debuted this week which helps online casinos more easily build multi-lingual sites, and settle gambling transactions in a variety of international currencies. By Gene Koprowski
Boyd Failed with Borgata Bounce

Boyd failed to get a significant Borgata bounce in its financial results for the third quarter 2006, the company announced this week as revenues in all regions failed to excite analysts or stockholders. By Glenn Haussman
Harrah’s Casino Deal Getting Extra Scrutiny

A shareholder lawsuit, a report of possible insider trading and the coincidental expiration of a Harrah’s poison pill; what’s the real story? By Glenn Haussman
Nebraska with Legal Online Keno

The conservative Midwestern state of Nebraska -- birthplace of famed American comedian Johnny Carson -- is poised to legalize "Video Keno." By Gene Koprowski
Gambling Revenues Soaring in Macau

Taxes collected from the city's six licensed operators rose to $1.77 billion during the first three quarters of the year, up from about $1 billion last year, according to statistics released on the Financial Services Bureau of Macau. By Gene Koprowski
Stanley Ho Loses Macau Stranglehold

Not everyone is happy with the exploding Macau gaming market. While Macau is poised to become even bigger of a gambling haven than Las Vegas, one tycoon is being left out in the cold. By Glenn Haussman
Odds on all 33 U.S. Senate Seats

Political betting is not only incredibly popular, but is also being seen by more and more observers as a new and highly accurate means of polling” said Calvin Ayre, founder and CEO of Bodog.com. By Gene Koprowski
Aztar in Swansong Earnings Call

Aztar announced it’s shareholders have officially approved the May 19, 2006 Agreement and Plan of Merger with Wimar Tahoe Corporation d/b/a Columbia Entertainment, the gaming affiliate of Columbia Sussex Corporation. By Glen Haussman
Gambling Legalization in Ohio

Called "Issue 3," because it is the third voter initiative on the ballot, the new law allows slot machines at the state’s race tracks and at casinos in Cleveland. By Gene Koprowski
Singapore Casino Reveals

This week two of the three gaming companies vying to be selected as the winning bid unveiled their proposals publicly for the first time. No matter who wins, the project is certain to be one of the world’s most expensive and extensive when complete. By Glenn Haussman
Borgata's Casino Keeps Increasing

For the entire third quarter of the year, revenues were up 2.6 percent but could have been higher if not for a three day suspension of gaming due to a government budget impasse in early July. By Glenn Haussman
Governors of Texas Supports Gambling

All of the candidates running for governor of the state of Texas, the second largest American state, support the expansion of gambling there, adding Las Vegas-style slot machine, their repective campaigns tell Onlinecasinocrawler.com. By Gene Koprowski
Internet Gambling Expansion
Posted:2006/10/12
A number of international Internet gaming companies are aggressively eyeing expansions in the U.S., including Brisbane, Australia-based Poker.com, which said the recent U.S. legislation concerning online gaming would "have little or no effect" on its U.S. operations. By Gene Koprowski
Online Casinos Continue to be Safest Bet
Posted:2006/10/11
An independent regulatory organization for the online casino industry, eCommerce and Online Gambling Regulation and Assurance (eCOGRA), Ltd., is saying that regulated Internet casinos are as safe as ever, but that unscrupulous operators may emerge as a result of the U.S. Congress’ attack on legitimate cyber-casinos. By Gene Koprowski
Crackdown on Online Gaming.
Posted:2006/10/10
The CEOs of two of the U.K.’s most important Internet gambling firms are suggesting that the industry faces “consolidation” in the aftermath of the U.S. crackdown on online gaming. By Gene Koprowski
Vegas Strip Reaps Summer Rewards
Posted:2006/10/10
The Nevada Gaming Control Board has finally released its reported revenues for August of this year and gaming revenues were up a colossal 14.3 percent during the month to $556.3 million on the Las Vegas Strip. By Glenn Haussman
Harrah’s Pulls out of Singapore Casino

On the heels of its offer to be bought for $15.1 billion, Harrah’s Entertainment (NYSE:HET) is showing the first signs of having a chink in it’s heretofore thought to be impenetrable armor. By Glenn Haussman
Online Gambling Companies to the U.K.

The Blair administration in the U.K. is moving forward with plans to make Britain the “world leader” in online gambling, and a safe haven for firms persecuted in the U.S., according to internal government documents. By Gene Koprowski
Americans Support Regulation of Internet Gambling

A new poll by the leading outfit of Rasmussen Reports indicates that 52 percent of those polled say Internet gambling should be regulated, but not banned. By Gene Koprowski