Industry News Archive Page 9

Grand Biloxi Casino Reopening

Biloxi is officially back. Last week Harrah’s Entertainment announced the reopening of the Grand Biloxi Casino Hotel and Spa while MGM Mirage has set August 29 as the date it will reopen its Beau Rivage Resort & Casino By Glenn Haussman
Online Gaming Success in Gibraltar

The online gambling community in Gibraltar, a small island near Spain with close ties to Britain – is booming, with upwards of 12 percent of the territory’s workers being employed by online casinos, sources are telling OnlineCasinocrawler.com. By Gene Koprowski
BetOnSports & Former CEO

BetOnSports former CEO David Carruthers was released from prison Wednesday after posting a $1 million bond. Carruthers has been locked up for the last month on nearly two dozen racketeering and fraud charges. By Glenn Haussman
More Online Gaming Less TV

A new study released this week shows that a “substantial” number of American adults would rather play casual online games -- online fare like Bingo --than watch television during their free time. By Gene Koprowski
AC Casinos A Record Year!

Owners of Atlantic City casinos took a big hit in July according to the official figures released this week by New Jersey’s Casino Control Commission. The city’s 12 casinos reported $480.5 million in casino win last month, which was a 4.8 percent drop compared to July 2005. By Glenn Haussman
Jamie Gold takes gold home

The jackpot, which was the largest poker tournament payout of all time was won after a grueling 236 hands that stretched nearly 14 hours into the wee hours of the next morning. By Glenn Haussman
Offshore Protect Online Gambling Industry

Though Curruthers was quite a vocal advocate for the legalization and regulation of online gaming, more than a billion dollars in value of online gaming stocks on the London Stock Exchange (LSE) were lost after his legal hassle emerged. By Gene Koprowski
Macau Casinos could soon outdraw Las Vegas

This year the Macau Special Administration Region is predicted to bring in about $6.8 billion. To put it into perspective, the Las Vegas Strip’s mega resorts generated $6 billion in revenue last year. By Glenn Haussman
Binion Joins Wynn Resorts & Casino

With less than a month away from opening his newest mega resort -- this time in the Chinese Province of Macau -- Steve Wynn has hired renowned industry veteran Jack Binion to run Wynn Resorts’ Asian operations and development. By Glenn Haussman
Online Gambling - Lowest Priority

Listing the accomplishments of the Senate thus far this year, and the goals for the September session, before Congress adjourns in October to campaign for re-election, Sen. By Gene Koprowski
Trump Hotels & Casinos

Trump Entertainment Resorts (NASDAQ: TRMP) is transforming itself after freeing itself from the brink of bankruptcy. Now, the company is expanding the casino brand into new markets and reinventing its Atlantic City properties. By Glenn Haussman
Casinos Closed Sued Companies

Pinnacle Entertainment, Inc. (NYSE: PNK) is suing a trio of its insurance carriers refusing to pony up what the gaming company thinks its owed due to damages to its Casino Magic Biloxi property. By Glenn Haussman
Congress Eyes Study of Online Gambling

The U.S. Congress should postpone all legislation planned for online gambling until a study is conducted to examine the impact of the $12 billion industry on the American economy, leading legislators on Capitol Hill are now telling OnlineCasinoCrawler.com. By Gene Koprowski
Playboy Enterprises & Online Gambling

Online gaming grows more interesting week by week -- as site producers around the world react to the unprecedented legal hassles of the U.S. government. By Gene Koprowski
Mohegan Casino Profits Record
Industry News. / Posted:2006/08/02
The Mohegan Tribal Gaming Authority (MTGA) and its Mohegan Sun casino -- the world’s largest -- is riding high after reporting a record third quarter earnings this week. By Glenn Haussman
Singapore Bids Second Casino

Singapore has closed bidding for its second major casino gaming integrated resort, and it looks like it will be a four way race to see which consortium is picked to build the next multi-billion casino and entertainment project. By Glenn Haussman
Growth Alternative for Gaming Industry

A new report by the Munich-based consulting firm, MECN, GmbH, indicates that the online gaming industry is passing through its toughest challenges ever, and is eyeing "casual gaming," including online bingo, fantasy sports and skill gaming as future growth opportunities. By Gene Koprowski
New Gaming Devices at the Casinos

Because gambling on the casino floor isn’t nearly enough, Las Vegas Sands Corporation is rolling out at a portable gaming system that will allow its guests the opportunity to play their favorite casino games at the pool, while eating and even in the lobby bathroom. By Glenn Haussman
French prepares legalize Online Gambling

The French Parliament is considering the legalization -- and regulation -- of online gambling, making a move to help the nascent Internet industry there compete with the cyber-casinos across the English Channel in London, experts are telling OnlineCasinoCrawler.com. By Gene Koprowski
Unique Nightclub Experience
Industry News. / Posted:2006/07/28
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. By Glenn Haussman
Online Gambling Prohibition?

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. By Gene Koprowski
Slot Machine Maker Beats Analysts

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. By Gene Koprowski
Online Gaming Competition

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. By Gene Koprowski
Gaming Losses Reports

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. By Glenn Haussman
Online Gaming Companies Worries

Shares of a number of online gaming companies -- including PartyGaming PLC -- are slumping due to the legal woes at Betonsports PLC. By Gene Koprowski
Casinos On Fire!

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. By Glenn Haussman
Poker Finance College

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. By Gene Koprowski
Seminoles Casino Theme

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. By Glenn Haussman
Online Gambling Leadership

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. By Gene Koprowski
AC Casinos Back In Action

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. By Glenn Haussman