Most Clicked Casino & Gaming SmartBrief Stories

1. Court filing outlines mistakes by former Revel owners

Casino & Gaming SmartBrief | Apr 22, 2015

A court filing details the missteps made by previous owners of the Revel casino in Atlantic City, N.J., including an exclusive contract with ACR Energy Partners to provide power for the casino for 20 years and construction costs that went at least $100 million over budget. The casino also suffered from not immediately offering a players' club and overpricing food and drinks, the disclosure finds. (Philadelphia) (04/21)

2. FBI was wrong in Caesars Palace sting, judge finds

Casino & Gaming SmartBrief | Apr 20, 2015

A federal judge ruled Friday that the FBI violated a hotel guest's rights by raiding a luxury villa at Caesars Palace in 2014. FBI agents impersonated Internet repairmen to gain access to the villa occupied by Paul Phua, a wealthy Malaysian businessman, and his associates. The FBI alleged Phua was operating an illegal gaming ring, but evidence seized in the raid cannot be admitted in court. Las Vegas Sun (04/17)

3. Mohegans seek to build $5B casino in S. Korea

Casino & Gaming SmartBrief | Apr 21, 2015

The Mohegan Tribal Gaming Authority inked a memorandum of understanding on Tuesday on a proposal to develop a casino in South Korea, its first international casino, by 2040. Working with Miura Holdings of Las Vegas, the Mohegans plan to build a $5 billion casino project on land owned by the Incheon International Airport that would feature a private jet terminal, two hotel towers, 1,500 slot machines, retail and entertainment space, and a showcase of the tribe's history and culture. Two South Korean gaming licenses are to be awarded this year. Reuters (04/21) Wall Street Journal (tiered subscription model), The (04/20) Korea Herald (Seoul), The (04/21)

4. Tropicana renovation signifies internal changes, too

Casino & Gaming SmartBrief | Apr 20, 2015

The Tropicana Casino and Resort in Atlantic City, N.J., plans to finish a $50 million renovation by Memorial Day weekend, including an outdoor light show and refurbished hotel rooms. The casino has come a long way since its former owner lost its gaming license in 2007, said President Tony Rodio. Since then, the casino has sought to boost employee morale and refocus on high rollers. (04/19)

5. Macau "will never be like Las Vegas," expert says

Casino & Gaming SmartBrief | Apr 23, 2015

Macau casinos are adding nongaming amenities as the government cracks down on VIP gamblers. However, experts say Macau may not be able to duplicate Las Vegas. "Macau will never be like Las Vegas in terms of the importance of nongaming revenues," said Aaron Fischer of CLSA, an investment and research group. "The investment that these companies are making in nongaming is a requirement." Financial Times (tiered subscription model) (04/21)

6. Iowa casino to pay fine for admitting banned gambler

Casino & Gaming SmartBrief | Apr 20, 2015

KELO-TV (Sioux Falls, S.D.) (04/17)

7. Creditors object to Caesars request for bankruptcy extension

Casino & Gaming SmartBrief | Apr 24, 2015

Caesars Entertainment Operating's creditors filed an objection to the company's request to extend by six months its deadline to submit a reorganization plan. A judge will hear arguments on the extension on Wednesday. Reuters (04/23)

8. Analysts: Japan could pass casino bill by end of session

Casino & Gaming SmartBrief | Apr 23, 2015

Analysts for Union Gaming Research say Japan still has time to pass a casino gaming bill before the end of the parliamentary session. Grant Govertsen and Felicity Chiang said they are "cautiously optimistic" that a bill could pass by the time the session ends on June 24. GGRAsia (Macau) (04/22)

9. Fla. gaming bill passes another hurdle but faces long odds, experts say

Casino & Gaming SmartBrief | Apr 22, 2015

A Florida gaming bill narrowly advanced through committee on Tuesday. However, experts say additional provisions tacked onto the bill could make its passage more difficult. The bill would allow greyhound tracks to offer slot machines and would set up a state gaming commission, among other measures. (Tampa, Fla.) (04/21)

10. Attorney resigns from Nev. gaming panel after 7 years

Casino & Gaming SmartBrief | Apr 24, 2015

Joe Brown, a lawyer based in Las Vegas, has submitted his resignation from the Nevada Gaming Commission, citing personal reasons. Brown has served on the commission since 2008. "My decision to resign from the Nevada Gaming Commission was not made without some amount of regret," Brown said in a statement. "However, other commitments and professional obligations must take precedence." (Las Vegas) (04/23) Las Vegas Review-Journal (04/23)

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