Wednesday, January 16, 2019
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Tag: USA

Phil Ruffin buys Casino Miami, hotel plans in the works

Phil Ruffin, Casino Miami, hotel, usa
Las Vegas businessman Phil Ruffin purchased Casino Miami shortly after Florida voters approved a gambling-related amendment which will limit further casino expansion in the state. Treasure Island owner Phil Ruffin has purchased a casino near downtown Miami, in a move which sees the entrepreneur expanding his gaming footprint to the East coast. The acquisition comes shortly after Florida voters passed an...

Melco remains optimistic despite tough Q3

Melco Resorts Entertainment, usa, china, financials
Melco Resorts and Entertainment saw a decline in both net revenue and income during the third quarter, which the company attributed to a change in accounting methods, however it acknowledged that the trade war between the US and China is impacting the VIP and premium mass segments. Melco Resorts and Entertainment reported a revenue and profit decline in its Q3...

Casino Pride buys ‘substitute’ casino vessel

usa, casino, riverboat
Casino Pride Group has marked the addition of the Argosy IV riverboat casino to its fleet, following the company’s $8.5m acquisition of the vessel earlier this year. The three-deck Argosy IV previously operated in Kansas City, Missouri and Sioux City, Iowa. In September, the boat was towed to New Orleans, where it was loaded onto a semi-submersible boat before making...

Betting on Sports America secures strategic partnership with the IAGA

Sports betting, IAGA, BOSA19_1320x660px
Betting on Sports America (BOSA) has been backed by the International Association of Gaming Advisors (IAGA), as it bids to become the most relevant and reputable conference focused on the newly liberalised US sports betting market. The association has agreed to support the first running of the event in New Jersey from 23-25 April 2019. The Meadowlands Exposition Center will...

US sports-betting: tread with care, says Indian Country

US sports-betting, Indian Country, us, g2e
It’s all but universally acknowledged to be a transformative wave in the US market, but nevertheless, the recent US Supreme Court decision clearing the path for widespread legalised sports-betting in the United States raised some sticking points for tribal gaming executives at this year’s G2E. Four states - West Virginia, New Jersey, Delaware and Mississippi – have laid down framework permitting...

Lucky Dragon fails to find a bidder

Lucky Dragon, usa, foreclosure, las vegas, finance
Following two foreclosure auctions in September and October, The Lucky Dragon has failed to attract any bidders. The off-strip foreclosed property went up for auction again on 30 October with an opening bid of $35m but while three individuals had pre-qualified to participate, in the end no one put forward a bid. Situated near the north end of the Las Vegas Strip,...

Give us the law and we’ll give you a casino, say Virginian developers

Viginia, casino legislation, USA
An opening of the Virginian market would see two local businessmen channel funds into a new casino which they claim could be a lifeline to the local community. A pair of businessmen are hoping to drum up sufficient support for a proposed $150m casino in Bristol, Virginia - ahead of the state’s 2019 legislative session. The plans detail a 100,000 square-foot...

Tentative progress made towards casino legalisation in Virginia

Virginia
The first tentative steps have been taken towards the legalisation of casino gaming in Virginia, but there is still a great deal of work to be done to win over a state house that has long voiced vociferous opposition to the practice. State legislature and large swathes of the public have long been staunchly opposed to the legalisation of gaming...

MGM Resorts’ Springfield casino opens for business

MGM Resorts
The first Vegas- style casino in Massachusetts has arrived in Springfield, seven years after a tornado devastated much of the city. It might have been a long road - not a yellow brick one, but one involving a tornado nevertheless - yet last month finally saw the opening of MGM Springfield. The $960m venture from MGM Resorts represents the first Vegas-style...

Betinvest sets its sights on US expansion at G2E

Betinvest-G2E Las Vegas
Betinvest has announced that its team will go to Global Gaming Expo 2018 Las Vegas, the largest gambling industry event. Having a wide range of products, solutions and services, the company aims to provide G2E visitors with Special Exhibition Offers of its core products – Sportsbook Online Platform and Data Feed. At 4618 Stand Betinvest will give an opportunity to...

AGA to testify before the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations hearing

Capitol Hill
The American Gaming Association (AGA) has announced that on Thursday, September 27th at 10:00 am EDT, it will testify before the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations hearing entitled,,,,

Nevada Gaming Control Board releases draft of new anti-sexual harassment guidelines

ICR 192 POLITICS VEGASSEXUALHARRASSMENT
The Nevada Gaming Control Board has proposed that the state’s licensees utilise a 16-point checklist to ensure their anti-sexual harassment policies are adequate. Nevada's Gaming Control Board (NGCB) has published a draft of new regulations to be used as a benchmark for licensees in drafting their anti-sexual harassment policies. Th proposed minimum standards checklist, detailing 16 elements which would help illustrate...

EGT Interactive to attend G2E Vegas 2018

EGT interactive
In one of the largest gatherings of gaming professionals in America, EGT Interactive is to showcase its variety of online casino propositions and business solutions. “With more than 150 video slots, extra successful RTP (return-to-player) strategy and quality support, we’ll be glad to welcome visitors on our interactive stand and show some of the latest successful propositions and software solutions...

Red Rock Resorts celebrates solid Q2

Las Vegas
Despite ongoing construction disruptions at the Palace Station and Palms Casino Resort, Red Rock Resorts CFO Stephen Cootey stated the company remains “very bullish” on both projects. red rock resorts, palms casino resort, las vegas, usa Red Rock Resorts acknowledged that its solid second quarter operating results were partially offset by ongoing construction disruptions at both the Palace Station and Palms...

Abbiati returns to Vegas as Italian design drives American demand

Las Vegas strip
With both land-based and shipboard American casinos a priority for expansion, Italian casino furniture manufacturer Abbiati will demonstrate its design-focused range at this year’s G2E Las Vegas. With America representing a growing market for Abbiati, the Italian casino equipment provider will display its full range of gaming furniture and layouts at this year’s G2E Las Vegas. The Rosta-based company, founded in...

Tribal gaming conference highlights Oklahoma market strengths

Tribal gaming conference highlights Oklahoma
The sold-out OIGA Trade Show and Conference brought members of the American tribal gaming industry to Oklahoma at a time when the regional market is reaping the rewards of a regulatory climate primed for business success. Whilst it may not be the first name that springs to mind when discussing US gaming, Oklahoma has built upon firm regulatory foundations to...

California tribe signs gaming development compact

Signing agreement
California gaming gold rush keeps on rolling with the Mechoopda Indian Tribe singing an official gaming compact with the state’s governor, Jerry Brown. The move is a positive step on the road to a class III facility 10 miles south of the city of Chico in northern California with final sign off from state legislature still required before any construction...

Technological breakthroughs in gaming to be showcased at Global Gaming Expo

G2E’s Innovation Lab will showcase new technologies shaping the future of casinos, sports betting Global Gaming Expo 2018 (G2E), North America’s premier international gaming trade show and educational event presented by the American Gaming Association and organised by Reed Exhibitions and taking place in Las Vegas October 8-11, released its Innovation Lab lineup for 2018, featuring new innovations shaping the...

Novomatic posts double-digit revenue growth after US and Europe expansion

Novomatic
Following several noteworthy acquisitions and expansion into European regulated territory Novomatic has reported revenue for the first half of 2018 jumped 12.6 percent to $1.6bn. The gaming technology company stated earnings for the period rose 11.6 percent to $369.6m after six months of focused company growth. “This pleasing result confirms our strategy of consolidating our market leadership in existing markets and...

$370m Emerald Queen Casino set to open in late 2019

Emerald Queen Casino
In Washington state, the Puyallup Tribe presented an update on its $370m Emerald Queen Casino (EQC) project to the Tacoma City Council on 24 July, confirming that the venue is scheduled to open in December 2019. The 110,000 sq ft casino inside the 310,000 sq ft property, which will replace the tribe’s existing venue, will rival the size of other casinos...

Resorts World Vegas: On track for 2020, defying international climate

Resorts World Vegas
The much-delayed Resorts World Las Vegas looks set to open-doors within two-years, despite an ongoing US- China trade war which may well target its primary market. Resorts World Las Vegas is still on track for a 2020 opening, claim Malaysian Genting developers the Genting Group - despite concerns that deteriorating relations between the United States and China could cause even...

You can build it, but will they come?

Atlantic City Hard Rock
Build it and they will come, so the serially mis-referenced adage goes, and with the positive opening of two new casino properties in Atlantic City it would seem to ring true down the east coast shoreline. High profile ribbon cuttings, oceanside musical events and quintessentially American fourth of July celebrations swelled visitor numbers to the town in recent weeks, but...

Land based operators step up iLottery opposition

Pennsylvania
A strong opening month from Pennsylvania’s controversial iLottery platform has been met with an increase in opposition of land based operators who continue to refute the legality of its implementation. Having previously voiced opposition against state-supported online lottery gaming before launch, Pennsylvania’s 13 licensed casino operators have upped their campaign following a strong first month of the service. A letter signed...

Delaware casinos to finally get tax support

Delaware
A compromise bill passed by the Delaware state house looks set to finally bring forward a raft of casino tax relief measures that operators have be pursuing for more than a decade. With competition in neighbouring states steadily growing, Delaware operators have long sought a reduction of gaming taxation in order to stay financially viable. The latest draft bill seeks...

Atlantic City’s summer lovin’

Atlantic City Hard Rock
Atlantic City’s two new market entrants and the opening of sportsbooks provided a boost for a market struggling to meet last year’s positivity. Eyes are now being cast forward to see how existing enterprises deal with the change. The latest figures from the New Jersey Division of Gaming Enforcement show that June proved a boon for the city’s gambling industry,...

USA: The urban legend of Glenn Straub

Casino Review New Jersey
This month we’ve been dealt a three of a kind as we venture to the combustible United States of America for a quick tour that includes the comeback that no one wanted, a token gesture that won’t really help all that much and an invention that should never have seen the light of day. There’s an urban legend that if...

Tribal gaming market hits record breaking $32.4bn GGR in FY 2017

USA beach
A report from the National Indian Gaming Commission has revealed that tribal gaming had a record breaking year in 2017, with the market- leading sector counting $32.4bn in gross gaming revenue. The results are in and tribal gaming is still king in the USA. The market sector counted record revenue figures in financial year 2017 and the continuing pace of...

Still too early to call if trade war will impact Las Vegas resorts

Las Vegas
While commentators suggest that Las Vegas baccarat revenues may decline if China decides to introduce tourism restrictions to the US, it’s unlikely to be a game changer for the City of Lights’ casino operators. Given that China was previously in line to become the third largest overseas visitor market for the US by 2020, will Las Vegas casino operators see...

Could Vegas and Macau feel the impact of US-China trade war?

Donald Trump
With a range of options at China’s disposal to respond to president Trump’s new trade tariffs, Edward Lowton considers what the consequences could be for Las Vegas and US operators in Macau. When it comes to diplomacy, US president Donald Trump seems to have based his negotiating strategy on the 1955 James Dean film, Rebel Without a Cause. Whether having an...

USA roundup: SugarHouse, Atlantic City and Massachusetts

Roulette table
One of Pennsylvania’s largest gaming properties, the SugarHouse Casino, has appointed a new general manager. Cheryl Duhon has joined the commercial operator after previously serving as a vice president of Resorts Casino Hotel in Tunica, Mississippi. Prior to joining Resorts executive leadership team in Tunica Duhon was a financial analyst and, later, director of marketing at Riverwalk Casino Hotel in...

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