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January 8, 2013
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • Fahrenkopf to step down as head of the AGA in June
    American Gaming Association President and CEO Frank Fahrenkopf said he will leave his post in June. "It's the perfect time for me to step down. We have a new president and a new Congress. I wanted to stay on through the election to work on Internet poker and other issues," Fahrenkopf said. A search firm has been retained to identify Fahrenkopf's successor. He is expected to serve as a consultant to the association through December. Las Vegas Review-Journal (1/7), Las Vegas Sun (1/7), Politico (Washington, D.C.) (1/7) LinkedInFacebookTwitterEmail this Story
  • AGA press release: Fahrenkopf to step down as chief executive of the AGA: Read the press release announcing that Frank Fahrenkopf, president and CEO of the AGA since its inception in 1995, will step down from his position effective June 30, 2013. The release includes initial details on the transition as well as comments from Fahrenkopf; Richard Haddrill, chairman of Bally Technologies Inc.; Gary Loveman, chairman, president and CEO of Caesars Entertainment Corp.; and Jim Murren, chairman and CEO of MGM Resorts International. LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • Wynn Resorts creates subsidiary to spur global growth
    Wynn Resorts has announced the formation of Wynn Resorts Development to spearhead the company's expansion worldwide. Wynn Resorts is pursuing several development plans, including a $4 billion resort on Macau's Cotai Strip and casino proposals in Philadelphia and Massachusetts. Gamal Aziz, former president and CEO of MGM Hospitality, will assume the role of president and chief operating officer of the new business. Las Vegas Review-Journal (1/7) LinkedInFacebookTwitterEmail this Story
  • 3 groups present plans for land-based casino in Davenport, Iowa
    Three companies interested in building a land-based casino in Davenport, Iowa, have presented their plans to the city. Ingenus Management, Restoration St. Louis and Atrium Holdings also answered questions from a panel, which included city officials, regarding their proposals. The city is in the process of buying the Rhythm City riverboat casino as part of its plan to develop a land-based casino. KWQC-TV (Davenport, Iowa) (1/7) LinkedInFacebookTwitterEmail this Story
  • Md. casinos report December revenue of $45.2 million
    Casinos in Maryland took in $45.2 million in December. According to the Maryland Lottery and Gaming Control Agency, Maryland Live generated $35.9 million last month, while the Hollywood Casino Perryville pulled in $5.96 million. The Casino at Ocean Downs reported revenue of $3.34 million for the month. The Baltimore Sun (1/7) LinkedInFacebookTwitterEmail this Story
  • Nev. gaming board wants to modify interactive gambling regulations
    The Nevada Gaming Control Board has asked the state legislature to consider legislation to modify gambling regulations to allow for Nevada to make interstate agreements on online poker. Board Chairman A.G. Burnett said the measures would help the state keep its leading edge as the possibility for online poker grows in the U.S. "We wanted to make sure the authority was there ... to add more options in order to help the state," Burnett said. Las Vegas Review-Journal (1/7) LinkedInFacebookTwitterEmail this Story
  International Focus 
  • Report: Ladbrokes is in talks to acquire Irish betting firm
    U.K.-based Ladbrokes has announced that it is interested in acquiring Irish betting firm Betdaq. "Ladbrokes enjoys a close commercial cooperation with Betdaq and can confirm discussions regarding a potential future acquisition. Negotiations are ongoing, though at this stage there is no certainty that an agreement will be reached," Ladbrokes said. (Ireland) (1/8) LinkedInFacebookTwitterEmail this Story
  • Deutsche Bank: Macau gaming revenues could grow by 11% this year
    Deutsche Bank has lifted its growth forecast for Macau's casino revenues this year from 8% to 11%. According to Karen Tang, an analyst with Deutsche Bank, the gaming hub's VIP market would help spur revenue growth. "Leading indicators, such as fine wine prices, suggest an imminent recovery in high-end spending. Junkets also believe that pent-up VIP demand is about to be released," Tang said. (1/7) LinkedInFacebookTwitterEmail this Story
  AGA & G2E News 
  • Don't miss the first Global Gaming Women networking event of the year at ICE Totally Gaming in London!
    Join leading women from throughout the international gaming industry at Global Gaming Women's (GGW) Mentoring Panel and Networking Tea at ICE Totally Gaming in London! The event will take place onsite at ICE on Wednesday, Feb. 6 and will feature a special preview of GGW's forthcoming online mentoring program. Thanks to the generous support of our sponsors, the event is FREE to attend, but pre-registration is required. Register today to join us for this special event! LinkedInFacebookTwitterEmail this Story
  • Stay up-to-date with G2E by connecting with us on social media
    You can still check out 2012 video highlights and interviews from the show floor on YouTube, and Then, keep up with how G2E is preparing for 2013, and what's going on in the gaming industry today by connecting with us on LinkedIn, Twitter, Facebook and the G2E Blog. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
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It is wise to keep in mind that neither success nor failure is ever final."
--Roger Babson,
American entrepreneur and business theorist

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