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Howard Stutz Gaming Guru - Page 13Macau casino revenues decline 33% in September2 October 2015
To no surprise, the Macau casino industry suffered through its 16th straight monthly revenue decline during September and the market's eighth straight month of drops of more than 30%. Macau's Gaming Inspection and Coordination Bureau said Thursday the region's 36 large and small casinos collected $2.1 billion in gaming revenue in September, a decline of 33%. ... (read more)
Gaming revenue down in Nevada, on Strip for third month in a row1 October 2015
Gaming revenue in Nevada and along the Strip fell for the third straight month in August although other areas of Clark County reported double-digit increases. The Nevada State Gaming Control Board Wednesday said casinos statewide collected $908.2 from gamblers in August, a decline of almost 1.4%. Strip casino revenue declined 4.7% to $527.4 million. ... (read more)
Former Caesars CEO joins Aetna1 October 2015
Former Caesars Entertainment Corp. CEO Gary Loveman has joined Aetna to oversee a new division for the Hartford, Connecticut-based insurance company. Aetna announced Wednesday that Loveman would become an executive vice president and president of a newly expanded health services organization, which now will include Aetna's consumer business. ... (read more)
New Caesars CEO 'shocked' at lack of innovation to attract millennials1 October 2015
Three months into the job, the new CEO of Caesars Entertainment Corp. told an audience at the Global Gaming Expo on Wednesday that reports of the casino industry being oversaturated in several markets might be a misnomer. Resort operators, he said, are missing out on an untapped customer market. Mark ... (read more)
MIT card counter believes in 'the power of data'30 September 2015
The opening address of the gaming industry's largest trade show and conference was an unusual place for a noted card counter to give a lesson on how to beat the casino. But Jeffrey Ma's remarks at the Global Gaming Expo on Tuesday had more to do with making business decisions than bringing down the house. ... (read more)
JCM Global quietly celebrates 60th anniversary at G2E30 September 2015
JCM Global doesn't attract the crowds to its Global Gaming Expo trade show booth in the numbers that swarm major slot machine manufacturers. It's hard to compete with musical superstar Pitbull (Scientific Games Corp.) and Harvey Levin, the founder of celebrity news resource TMZ (International Game ... (read more)
DraftKings CEO compares DFS to chess, stock picking30 September 2015
The debate over daily fantasy sports was front and center Tuesday at the Global Gaming Expo. Jason Robins, the CEO of DraftKings, one of the largest daily fantasy sports websites, took part in a panel discussion on whether or not fantasy sports is a form of gambling. The interest was so large that the G2E ... (read more)
Las Vegas Sands abandons plans for South Florida casino29 September 2015
Las Vegas Sands Corp. has abandoned a six-year effort to build a casino-resort in South Florida and has now focused attention on a potential gaming development in Georgia. Andy Abboud, the casino operator's senior vice president of government relations, confirmed publish reports from the Sunshine State that Las Vegas Sands had shut down its lobbying contracts in Florida. ... (read more)
Smoking bans not a major topic at G2E — but they should be28 September 2015
Not found among the list of discussion topics being covered during the Global Gaming Expo is the idea of a casinowide smoking ban. It's an issue the gaming industry can't avoid. There are more nonsmoking commercial casino states (18) than casino states that allow smoking (six). The smoking states — Nevada, ... (read more)
Scientific Games to unveil Cirque du Soleil slot machines28 September 2015
Scientific Games Corp., having spent nearly $8 billion to create the casino industry's largest manufacturer, is using the Global Gaming Expo as center-stage to display the combination of several leading slot machine brands under one corporate heading. Cirque du Soleil provides the perfect partner for that effort. ... (read more)
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