Featured Articles Archive - Page 190

Macau suffers fourth straight monthly gaming revenue drop

A combination of market-stifling issues sent Macau’s casino industry to an 11.7 percent gaming revenue decrease in September, the region’s largest single-month decline in more than five years.Analysts warned Monday that the Chinese gaming enclave, which has experienced four straight monthly revenue dips, hasn’t bottomed out.Macau’s Gaming Inspection and Coordination Bureau said casinos collected $3.2 billion from gamblers during September...read more

Boyd Gaming Corp. joins mobile wagering trend

LAS VEGAS -- Bob Scucci can recall an era when Nevada’s race and sports books displayed signs banning cellular telephones.If the signs were still in place today, the casinos would be giving away a growing chunk of revenue.Scucci, the director of race and sports for Boyd Gaming Corporation, said the company’s recent launch of its mobile wagering application could bring more gamblers into the fold...read more

Top-10 home improvement prop bets

Last weekend, I discovered that our basement carpet was getting wet. After doing some digging, I found a leak in the bathroom sink.One of my least favorite aspects of owning a home is unexpected home improvement projects. My father is an incredibly handy person...read more

Inside Gaming: Gaming revenue distinguishes commercial, Indian casinos

The lines between the commercial casino industry and Indian gaming are seemingly evaporating.Caesars Entertainment Corp. runs Indian casinos in Phoenix, San Diego and North Carolina through its Harrah’s brand.Station Casinos opened one of the largest California Indian casinos near Sacramento in 2003 and managed the property for seven years...read more

KOA pulling up stakes on Strip, moving to Boulder Highway

Kampgrounds of America is moving its designated recreational vehicle park in Las Vegas from the Strip to the Boulder Highway.KOA and Boyd Gaming Corp. announced an agreement this week to re-brand the Sam’s Town RV park as Las Vegas KOA at Sam’s Town...read more

Deal Me In: Armed and fueled by alcohol is not a good mix

Dear Mark: Any time you go to a casino, there always seems to be a security guard at the door to greet you. My question is, are there any restrictions about taking firearms into a casino? We hope there are. Sally F.In Belle Starr’s Cowboy Wisdom (1955), “A pair of six-shooters beats a pair of sixes” might make for good prose, but luckily, today’s casinos are not the gambling halls of the 19th-century American West...read more

Global Cash CEO says Multimedia Games deal a class apart

LAS VEGAS -- GCA - Global Cash Access CEO Ram Chary believes some opinions in the investment community might be off a bit when it concerns the company’s planned $1.2 billion acquisition of slot machine manufacturer Multimedia Games, Inc.The deal is not like any of the other high-profile gaming equipment-sector consolidations discussed this week at the Global Gaming Expo (G2E) 2014.Chary, CEO of the Las Vegas-based company that provides money transaction technology to the casino industry for eight months, spent much of G2E explaining the deal to analysts.For Global Cash Access, the purchase of a slot machine maker allows the company to expand beyond its current business model and to provide different product lines to its casinos customers...read more

Slots still seen as attractive part of casino mix

LAS VEGAS -- Not surprisingly, the slot machine manufacturing industry believes it is still relevant in a casino world in which revenue from nongaming elements has increased its overall influence.But one slot machine company chief executive thought gambling-equipment providers could do more.“I have yet to put a product in front of Nevada regulators and get rejected,” Multimedia Games CEO Patrick Ramsey said Wednesday at the Global Gaming Expo (G2E) 2014 state-of-the-industry keynote session...read more

Adelson reiterates his opposition to Internet gaming

LAS VEGAS -- Steve Wynn was just the warm-up act.A day after Sheldon Adelson’s “good friend” told the Global Gaming Expo (G2E) 2014 he opposes the legalization of Internet gaming, the Las Vegas Sands Corp. chairman served as the headliner.In a full-throated beat-down, Adelson, 81, enumerated all the reasons why he opposes the legalization of Internet gaming...read more

Wynn's thoughts on Internet gaming: "Not much"

LAS VEGAS -- Casino operator Steve Wynn used his Tuesday afternoon keynote address at the Global Gaming Expo (G2E) 2014 to clearly state his position on legalized Internet wagering.When answering an audience question, read by American Gaming Association President Geoff Freeman, that sought his thoughts on Internet gaming, the chairman and CEO of Wynn Resorts, Limited was succinct.“Not much,” Wynn said quickly, adding that he “shares Sheldon Adelson’s conviction” against Internet gaming...read more