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Chris Sieroty Gaming Guru - Page 35Aristocrat Technologies applies for Nevada online poker license30 December 2011
LAS VEGAS, Nevada -- Aristocrat Technologies Inc. has filed its application with state regulators for an expansion of its gaming license to be one of the first companies to offer online poker games within Nevada, a company executive confirmed Wednesday. Nick Khin, president of Las Vegas-based Aristocrat ... (read more)
Wynn suffers setback in Massachusetts casino debate30 December 2011
FOXBOROUGH, Massachusetts -- A proposal to build a Wynn Resorts Ltd. casino adjacent to Gillette Stadium in Foxborough, Mass., is facing an uncertain future after the town's selectmen voted to send a letter to state officials saying they don't want a casino.
Wynn Resorts has proposed building a $1 billion casino on land the company would lease from New England Patriots owner Robert Kraft. ... (read more)
Nevada adopts rules for online poker licenses23 December 2011
LAS VEGAS, Nevada -- The Nevada Gaming Commission on Thursday adopted rules that would let companies apply for licenses to operate poker websites in the state. The new rules, which were approved unanimously, are designed to put the state in a position to capitalize on the lucrative online poker business, ... (read more)
DOJ says Wire Act only applies to sportsbetting23 December 2011
WASHINGTON, D.C. -- The U.S. Department of Justice on Friday revealed that it has changed its long-held position and found that the federal Wire Act of 1961 only applies to sports betting.
The new opinion on the Wire Act represents a dramatic shift in policy for the Justice Department, which had long argued that the law illegalized all forms of Internet gambling, especially poker. ... (read more)
Wynn steps up casino lobbying in Massachusetts20 December 2011
FOXBOROUGH, Massachusetts -- Wynn Resorts Ltd. founder Steve Wynn has stepped up his lobbying efforts to gain community support for a casino-resort in Massachusetts.
In a letter sent to approximately 8,000 registered voters in Foxborough, Mass., Wynn stressed that he understands some residents "are fearful when they hear the word casino."
"That is not our business," he wrote. ... (read more)
Cosmopolitan boss says first year was good15 December 2011
LAS VEGAS, Nevada -- The most expensive hotel-casino ever built on the Strip celebrates one year in business today, but its CEO, John Unwin, isn't satisfied. It has been a good year, but for Unwin, year one was all about opening the doors of The Cosmopolitan of Las Vegas. Year two is all about making a profit. ... (read more)
Nevada-based casino company comes out of bankruptcy14 December 2011
LAS VEGAS, Nevada -- Las Vegas-based Majestic Star Casino LLC, which owns and operates casinos in Mississippi, Colorado and Indiana, has come out of bankruptcy reorganization with new owners and $500 million less debt. "We are emerging from Chapter 11 with a strengthened balance sheet and the ability to ... (read more)
Feds investigating misused funds by California tribe9 December 2011
NORTH FOLK, California -- The U.S. Department of Interior and FBI are investigating possible misuse of funds by a California Indian tribe in connection to money the tribe receives from Station Casinos LLC for a proposed casino project.
An attorney for the North Fork Rancheria band of Mono Indians said Wednesday that the tribe was cooperating with the federal investigation. ... (read more)
New name for Las Vegas Hilton confirmed9 December 2011
LAS VEGAS, Nevada -- The Las Vegas Hilton will be known by its new name the LVH - Las Vegas Hotel and Casino beginning Jan. 3, the company confirmed Thursday. "Easily recognizable ... simple, clean and elegant ... befitting an iconic property," Ken Ciancimino, executive vice president of administration, said in describing the hotel's new name. ... (read more)
Gaming growth greater in Asia-Pacific region7 December 2011
LAS VEGAS, Nevada -- Gaming is a growth industry worldwide, but it's growing faster outside of Nevada, according to analyst projections by a major accounting firm.
According to its latest 2011-2015 Global Gaming Outlook, PriceWaterhouse-Coopers LLC estimates overall U.S. gaming revenues will grow at an average of 5 percent per year, from $57.5 billion in 2010 to $73.3 billion in 2015. ... (read more)
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