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Chris Sieroty Gaming Guru - Page 7$100 million makeover of Downtown Grand, once the Lady Luck, to open Nov. 127 October 2013
LAS VEGAS -- The downtown Las Vegas resort property once known as the Lady Luck will reopen next month as the Downtown Grand, the property’s chief executive said Friday. Seth Schorr, CEO of the Downtown Grand Las Vegas, said a ribbon-cutting ceremony is set for Nov. 12. Schorr also said reservations were being accepted for rooms with availability beginning Oct. ... (read more)
Cantor Fitzgerald denies published report that CEO is being investigated4 October 2013
LAS VEGAS -- Cantor Fitzgerald LP denied a published report Thursday that federal prosecutors are investigating its gaming unit’s chief executive for participating in his company accepting illegal sports bet. The Wall Street Journal reported that the investigation into Cantor Gaming CEO Lee Amaitis came to ... (read more)
Joe Magliarditi out, Daniel Lee in as Palms CEO4 October 2013
LAS VEGAS -- Daniel Lee, a veteran gaming executive, has been appointed chief executive officer of The Palms Casino Resort. Lee replaces Joseph Magliarditi, who took over day-to-day operations of the off-Strip property in June 2011. “I can confirm there has been a change in leadership,” the Palms said in a statement Thursday. ... (read more)
Pennsylvania officials to hold January hearings on Wynn Philadelphia, five other resorts3 October 2013
Steve Wynn should know early next year if his Wynn Philadelphia project will be built. William H. Ryan Jr., chairman of the Pennsylvania Gaming Control Board, has indicated the winning applicant for Philadelphia’s second casino license could be selected in March or early April. In January, public hearings ... (read more)
Global Cash Access forms strategic alliance with GameAccount Network2 October 2013
LAS VEGAS -- Global Cash Access Inc. will provide payment service products to GameAccount Network for its online gaming systems, the Las Vegas-based payments and cash access company said Tuesday. Terms of the deal were not disclosed. Global Cash Access products will be included in GameAccount Network's GameSTACK iGaming platform, which is being marketed to a developing U.S. ... (read more)
Tribal gaming lobbyists say "do nothing Congress" threatens business30 September 2013
Some people in Congress believe American Indians struck it rich with the establishment of tribal gaming and the passage of the Indian Gaming Regulatory Act in the late 1980s. But serious problems with education, health care, unemployment and housing remain. Tribes are also dealing with the effect of ... (read more)
Bookmakers, analyst bet on U.S. Supreme Court to legalize sports betting25 September 2013
When a federal appeals court this month rejected New Jersey’s challenge of the federal ban on sports betting, bookmakers and casino operators were left wondering what’s next. The arguments made by the state were that the Professional Amateur Sports Protection Act of 1992 that restricts sports gambling violates the state’s sovereign rights and is unconstitutional. ... (read more)
Wynn Resorts Ltd. urges changes in how board of directors operates24 September 2013
LAS VEGAS -- Wynn Resorts, Limited, locked in a legal battle with its former vice chairman and co-founder Kazuo Okada, has suggested several changes to bylaws that govern how the board of directors operates. Michael Weaver, a spokesman for Wynn Resorts, said in an e-mail that the changes are part of the ... (read more)
JCM Global executes three-year contract extension with IGT20 September 2013
LAS VEGAS -- JCM Global executed a strategic supplier agreement with IGT - International Game Technology on Thursday, continuing a partnership that began in 1990, the Las Vegas-based gaming company said. Under terms of the three-year agreement, JCM’s bill validators will continue to be the preferred validator for all IGT games. ... (read more)
Cantor Gaming, Bally Technologies sign online content deal19 September 2013
LAS VEGAS -- Cantor Gaming has signed an online content agreement to provide Bally Technologies, Inc.'s iGaming Platform with its sports wagering and mobile casino games, the Las Vegas-based bookmaker said Wednesday. Terms of the deal were not disclosed. “We are delighted to sign this agreement with Bally ... (read more)
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