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Featured Articles Archive - Page 463
Articles by Howard Stutz
![]() Pennsylvania slot market to open up20 January 2010
LAS VEGAS, Nevada -- Pennsylvania authorities have wiped out a 4-year-old limitation that held an individual slot machine manufacturer to just 50 percent of the games on a casino's gambling floor.
One analyst said the caps were antiquated since the gap between slot machine giant International Game Technology and its rivals has narrowed in the past few years.
"When the caps were implemented it was perceived that IGT's market share would remain in the 60 percent to 70 percent range, especially in the mid-Atlantic (market)," Union Gaming Group principal Bill Lerner told investors Tuesday...read moreArticles by Howard Stutz
![]() Bally Technologies acquires small slot machine company20 January 2010
LAS VEGAS, Nevada -- Bally Technologies has taken a page from the playbook of gambling equipment rival International Game Technology.
Bally announced Wednesday it had acquired a small Scottsdale, Ariz.-based game manufacturer to beef up its slot machine content and give the company ano...read moreArticles by Howard Stutz
![]() Bally Technologies wins pacts in disparate locales19 January 2010
LAS VEGAS, Nevada -- No one will ever mistake Dodge City, Kan., for Macau.
Bally Technologies, however, has found new revenue sources in both places.
The Las Vegas-based slot machine manufacturer was awarded a comprehensive systems and server-based technology contract for the Boot Hill Casino in Dodge City, which opened in December as Kansas' first state-run casino.
A day later, Bally announced it was given a contract for a table game, slot machine and casino management system for Galaxy Entertainment's casinos in Macau.
Both contracts allow Bally to deploy its iView display system, a touch screen display that includes player tracking information and marketing messages directly onto game screens.
While the deal with Boot Hill marks the company's initial entry into Kansas, the Macau contract gives Bally potentially half of the available market share in the Chinese gaming enclave.
It already procured casino systems contracts with Stanley Ho's Sociedade de Jogos de Macau and with Las Vegas Sands Corp.
"With Galaxy, Bally locks up three of the six Macau concession holders," Roth Capital Partners gaming analyst Todd Eilers told investors...read moreArticles by Howard Stutz
![]() San Francisco developer eyes Fontainebleau19 January 2010 LAS VEGAS, Nevada -- San Francisco real estate developer Luke Brugnara, who was denied a gaming license by Nevada casino regulators in 2001, said Monday he would pay up to $200 million for the bankrupt Fontainebleau project.
Brugnara, who owns land on the Strip and throughout Las Vegas, said he submitted a $170 million bid with the U.S...read moreArticles by Howard Stutz
![]() Florida woman suing over Monte Carlo fire19 January 2010
LAS VEGAS, Nevada -- The first lawsuit associated with the fire at the Monte Carlo has been filed by a Florida woman who claims she suffered permanent injuries due to smoke inhalation associated with the early-morning rooftop blaze on Jan...read moreTop-10 Las Vegas trip fouls18 January 2010 In honor of The Hangover, the classic Las Vegas buddy tale which won the Golden Globe for the best comedic film on Sunday, we've decided to list the top-10 things NOT to do the next time you're in Las Vegas. This list doesn't include getting punched out by Mike Tyson or kidnapping a large jungle animal, because if you're not doing those things, you're clearly not having fun (I kid...read moreArticles by Howard Stutz
![]() Pennsylvania ends slot machine manufacturer caps18 January 2010
LAS VEGAS, Nevada -- Slot machine manufacturers will lose their monopoly on gambling in Pennsylvania later this year when the state's casinos are allowed to supplement their gambling floors with table games.
But there was one provision tucked within the 160-page table game bill that will satisfy at least one Nevada-based slot machine giant.
A four-year-old limitation that holds a slot machine manufacturer to only 50 percent of the games on a casino's gambling floor was rescinded with Gov...read moreLagasse's Stadium brings a new sportsbook experience to Las Vegas18 January 2010 LAS VEGAS – Sitting in the epicenter of Lagasse's Stadium at The Palazzo on a Sunday morning in November, it suddenly occurred to me that I was living the dream of a sports gambler.
In front of me on my own personal coffee table was the Sunday newspaper, a Bloody Mary, a sheet of NFL betting lines and prop bets for the day and the tickets for the six wagers I had just placed on the 10 a.m...read moreArticles by Howard Stutz
![]() States see gambling as an answer18 January 2010
LAS VEGAS, Nevada -- Now that Pennsylvania is a done deal, the gaming industry is focused on other expansion opportunities.
While issues are being debated and proposed in several states, new growth doesn't seem imminent.
State elected leaders view gaming taxes as a way of narrowing budget deficits brought on by the recession...read moreGullibility and the gambler18 January 2010 Most casino aficionados have dreamt up, read or heard about, or (yes) spent money for systems or strategies to overcome the house edge. It's indeed doable, under very limited circumstances.
For instance, a "new" game might have a flaw in the rules or procedures, and hasn't racked up enough data for the condition to be spotted by the analysts...read more |
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