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Inside Gaming: Industry is not facing slots of fun

15 September 2014
LAS VEGAS -- The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates. Eilers Research founder Todd Eilers said slow ... (read more)
 

Gaming Insider: Social casino revenue headed above $2.7 billion

15 September 2014
LAS VEGAS -- Eilers Research gaming analyst Adam Krejcik estimates the expanding social casino phenomenon in the U.S. will eclipse $2.7 billion in revenue this year. That’s a pocketful of virtual gaming tokens. The growing activity is one reason Station Casinos, Inc. signed on with the myVegas social gaming site. ... (read more)
 

New Jersey gaming chief says Vegas shows the way

11 September 2014
ATLANTIC CITY, N.J. -- (PRESS RELEASE) -- Struggling U.S. gaming markets must broaden their appeal or prepare to for the same fate as this troubled seaside community, New Jersey’s top gaming regular said Tuesday. David Rebuck, director of the New Jersey Division of Gaming Enforcement, said Atlantic City in ... (read more)
 

Claridge finds way to survive in struggling Atlantic City

10 September 2014
ATLANTIC CITY, N.J. -- (PRESS RELEASE) -- The Claridge is the past and the future of the Boardwalk. The 1920s-era hotel was once the toast of Atlantic City, sitting at the famous intersection of Boardwalk and Park Place. It earned the market’s fourth gaming license, back when developer Del Webb owned the building. ... (read more)
 

Talks focus on fixing Atlantic City, with a Vegas assist

9 September 2014
ATLANTIC CITY, N.J. -- (PRESS RELEASE) -- New Jersey Gov. Chris Christie said Monday the much-predicted obituary of the Boardwalk’s gaming market is far from accurate, despite the closing of one-quarter of the city’s casinos this year. Christie, following a two-hour, 15-minute meeting with more than 30 ... (read more)
 

Global Cash Access to acquire Multimedia Games

9 September 2014
LAS VEGAS -- Slot machine maker Multimedia Games, Inc. is being acquired by Global Cash Access Holdings Inc., for $1.2 billion, the companies announced Monday. The deal, which requires regulatory and shareholder approval, is the most recent buyout in a wave of slot machine industry mergers and consolidations in the past 18 months. ... (read more)
 

SLS, and visionary behind it, get warm Strip welcome

8 September 2014
LAS VEGAS -- In the days leading up to last month’s opening of the SLS Las Vegas, Sam Nazarian’s phone was ringing off the hook. Nazarian, 39, the visionary behind the Strip’s first major hotel-casino unveiling in four years, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara. ... (read more)
 

Golden Gaming adds brand, buys Irish pub-themed sites

5 September 2014
LAS VEGAS -- Golden Gaming, Inc. will add a fifth brand to its Nevada tavern business by purchasing four Irish pub-themed locations in Southern Nevada. The Las Vegas-based company, the state’s largest tavern owner with 50 locations in Las Vegas and Reno, plans to reopen the four taverns under the Sean Patrick’s brand Oct. ... (read more)
 

Searchlight Casino operator to surrender license

5 September 2014
LAS VEGAS -- The 90-year-old owner of the Searchlight Nugget Casino has agreed to give up her license for the small casino after state gaming agents found numerous irregularities in the operation and accounting for the property’s 50 slot machines. A seven-count complaint filed by the Gaming Control Board ... (read more)

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