Archive for January, 2010

Table games will be running in Delaware this summer. Gov. Jack Markell wasted no time signing the bill legalizing table games just hours after it passed the Delaware Senate. The estimated $40 million tables are expected to generate in taxes implies total revenue of around $120 million for the three racinos. The racinos intend to have table... »

Pinnacle intends to fight the recommendation that the Missouri Gaming Commission revoke its President Casino license. In a letter to PNK CEO John Giovenco, Commission Executive Director Gene McNary accused PNK of deliberately trying to minimize operations at the old St. Louis riverboat to “just sustain the losses for as long as we have to”... »

WMS has set up shop in the United Kingdom to launch Internet gaming late next fiscal year, eGamingReview reported. The company is hiring 25 employees in London in preparation for the launch of a UK-facing site, then will follow with sites aimed at France, Italy and Spain as those countries open their markets to competition... »

The long-awaited improvement in the North American replacement cycle for slot machines is finally happening, according to a survey by Roth Capital. The survey shows that 7.5 percent of slot machines will be replaced this year compared to 4.4 percent last year and the industry’s own expectations of 6 percent. Assuming 7.5 percent of machines are replaced, it... »

Carl Icahn has won ownership of Fontainebleau with his bid of $156.5 million, Reuters reported. The legendary billionaire’s bid was the only one qualified out of three received for the bankrupt casino resort, which sits unfinished on the Las Vegas Strip. “My philosophy has always been to buy things when nobody wants them,” Icahn told... »

As of January 1, the Gaming Standards Association will not add functionality or support to SAS Version 6.02, and GSA will redirect its efforts to helping operators and manufacturers migrate to the Game to System (G2S) protocol. Beginning this month, the Gaming Standards Association is embarking on a year-long education campaign to help casino operators... »

New Jersey could become the first state to legalize Internet gaming. Sen. Raymond Lesniak has introduced a bill to allow Atlantic City casinos to conduct Internet gaming within the state. The bill also would allow VLTs at racetracks, but they could only be played by persons who have registered for online gaming with casinos. Internet gaming win... »

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Writer and Researcher wanted for newsletter for the casino industry covering investments, finances, and corporate news. Understanding of investment reports, and ability to write short concise synopsis into daily electronic publication. Non-print reports are distributed via email to subscribers. No feature writing or bylines. Some experience in writing, research and or financial background preferred.... »

Lakes Entertainment has signed an agreement to finance, develop and manage a proposed casino in Tunica with Abston-McKay Ventures LLC. Under the agreement, LACO would get 9 percent of the first $10 million in... »