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Howard Stutz Gaming Guru - Page 91Legislative committee on technology plans to broaden scope22 January 2014
LAS VEGAS -- A legislative committee formed to study technology’s effects on gaming will go beyond its stated purpose and explore other issues surrounding Nevada’s largest industry. Issues that failed during the 2013 Legislative session, including entity wagering on sports and allowing bets on elections, may get reheard over the next few months. ... (read more)
Two downtown Las Vegas casinos will be first to accept Bitcoin22 January 2014
LAS VEGAS -- Derek Stevens has no idea what to expect when The D Las Vegas and Golden Gate Hotel & Casino begin accepting the digital currency Bitcoin for nongaming transactions starting today. The majority owner of the two downtown hotel-casinos, however, knows there is excitement surrounding the idea. ... (read more)
$5.5 million fine keeps CG alive21 January 2014
There is a reason officials from CG Technology (formerly Cantor Gaming) said they were “glad to have reached a resolution” with Nevada gaming regulators and will pay the largest fine ever leveled against a casino or affiliated company. The Las Vegas-based bookmaker — a subsidiary of Wall Street financial ... (read more)
Several gaming companies expected to have a good year21 January 2014
LAS VEGAS -- With a new year comes new prognostications by Wall Street on which gaming companies will provide investors the best return in 2014. Not surprisingly, Las Vegas Sands Corp., Wynn Resorts, Limited and MGM Resorts International lead the pack. The three companies operate in Macau, which produced a record $45.2 billion in gaming revenue in 2013. ... (read more)
Anti-online gaming group circulates FBI letter warning of Web wagering16 January 2014
LAS VEGAS -- An anti-online gaming group is distributing a letter from the Federal Bureau of Investigation that warns Internet wagering can be used by criminals to conduct money-laundering activities. The effort by the Coalition to Stop Internet Gambling, a Washington, D.C., grassroots organization funded by Las Vegas Sands Corp. ... (read more)
CG Technology to pay record $5.5 million settlement for illegal bets complaint14 January 2014
LAS VEGAS -- CG Technology, the gambling subsidiary of Wall Street firm Cantor Fitzgerald LP, will pay the largest fine in Nevada history to settle an 18-count complaint that the company or its CEO should have known one of its top executives was accepting illegal bets. The Las Vegas-based bookmaker will pay ... (read more)
Penn National Gaming starts work on $360 million California project14 January 2014
Penn National Gaming, Inc. has started construction on a $360 million casino development in partnership with a Southern California Indian tribe, 20 miles east of San Diego. The casino company announced initial development activities on the Hollywood Casino Jamul this past week. Penn National, which owns M ... (read more)
Gaming lobby unifies message13 January 2014
LAS VEGAS -- The collegiality developed within the gaming industry as casino companies weathered the economic downturn has evaporated. Opposing opinions are healthy to any debate, especially when the topics include casino expansion into new markets and the potential state-by-state rollout of Internet gaming. ... (read more)
Nevada casinos post fifth straight fiscal year net loss13 January 2014
LAS VEGAS -- Nevada casinos suffered their fifth consecutive fiscal year net loss in 2013 despite a slight overall increase in revenue. Strip casinos experienced a similar fate. Overall Strip revenue increased 1.7 percent during the fiscal year. But Strip casinos lost almost $1.5 billion. Still, the Strip’s net loss was a 13 percent decline from fiscal 2012’s net loss of $1.7 billion. ... (read more)
Rampart Casino marking 15th anniversary with emphasis on pure gambling10 January 2014
LAS VEGAS -- In some ways, the Rampart Casino Resort at Summerlin is a throwback to old Vegas. The 50,000-square-foot casino, which is attached to the JW Marriott Las Vegas Resort at the edge of Summerlin, doesn’t have movie theaters, a bowling center or other nongaming amenities typically used to attract local customers. ... (read more)
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