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October 9, 2012
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Gaming News By the Industry, For the Industry

  Top of the Deck 
 
  • Springfield, Mass., to accept casino proposals until Wednesday
    Companies that want to build a gaming facility in Springfield, Mass., have until Wednesday to submit casino proposals. "This really smokes out who is holding a strong poker hand and who is bluffing. This is really a pivotal point right now on who is serious," Mayor Domenic J. Sarno said. The request for proposals, issued last month, is part of the first phase of Springfield's casino selection process. The Republican (Springfield, Mass.) (10/8) LinkedInFacebookTwitterEmail this Story
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  Industry Update 
  • Penn National debuts Hollywood Casino Columbus
    Penn National Gaming has officially opened its Hollywood Casino Columbus, which Ohio voters approved three years ago. The casino, which includes 3,000 slot machines and 100 table games, is the state's third casino, joining Hollywood in Toledo and the Horseshoe in Cleveland. "My expectation is that this will be the flagship property for the state of Ohio," said Ameet Patel, the Columbus casino's general manager. The Plain Dealer (Cleveland) (10/8) LinkedInFacebookTwitterEmail this Story
  • Nonprofit group backs investors' casino plans for Cedar Rapids, Iowa
    Linn County, Iowa, supervisors voted to support a memorandum of understanding between Linn County Gaming Association, a nonprofit organization, and Cedar Rapids Development Group, a consortium of investors and businessmen planning to build a casino in Cedar Rapids, Iowa. A state law requires a casino operator to partner with a nonprofit group, which would hold the license for the gambling facility. "People in our community are going to look at spending a significant amount of money. We wanted to make sure this group is protected," Supervisor Brent Oleson said. Sioux City Journal (Iowa)/The Associated Press (10/8) LinkedInFacebookTwitterEmail this Story
  Issues, Trends & Technology 
 
  • N.Y. Assembly candidate pictures casino beside planned Ferris wheel
    Paul Saryian, running as a Republican to represent Staten Island in the New York State Assembly, said a proposed $550 million entertainment and tourist complex, which would include a hotel and a 625-foot-tall Ferris wheel, would be an excellent site for a casino. "A casino inside a posh hotel would make a great addition alongside the New York Wheel and the Harbor Commons," Saryian said. New York Gov. Andrew Cuomo has proposed allowing Las Vegas-style casinos in the state. Staten Island Advance (N.Y.) (10/8) LinkedInFacebookTwitterEmail this Story
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  Industry Voices 

  International Focus 
  • Donaco owners eye Australian investors for capital raising
    Members of the family that controls Genting said Donaco International, which will be formed after the company acquires gaming firm TwoWay Ltd., will look to Australian investors to raise capital for expansion of its casinos. "We feel we are understood a lot better in Australia. The presence of listed companies in the gaming space has really opened up the market. In Australia, even more than Singapore and even Hong Kong, the investing public is very mature," said Lim Keong Yew, nephew of Genting CEO K.T. Lim. Reuters (10/9), Fox Business/Dow Jones Newswires (10/8) LinkedInFacebookTwitterEmail this Story
  • Macau casinos took in $1.1 billion during Chinese holiday
    Casinos in Macau generated $1.1 billion in table game revenues during China's Golden Week national holiday, brokerage firm Sterne Agee said. "If we utilize the three-month (July, August and September) daily average of MOP811 million ($101.56 million) for the remaining days of October, the month would end at MOP28.6 billion ($3.58 billion) or up by 7 percent year-on-year, inclusive of slots," Sterne Agee analyst David Bain said. That would set a new monthly record for the gaming hub. MacauBusiness.com (10/9) LinkedInFacebookTwitterEmail this Story
  Finance & Policy 
  • N.H. governor candidates favor gambling legislation
    Gambling expansion will have backing in the New Hampshire governor's mansion next year no matter who wins next month's election. Both candidates, Democrat Maggie Hassan and Republican Ovide Lamontagne, favor allowing one casino in the state. "Given what's happening in Massachusetts, where there are going to be at least three if not four high-end casinos that will draw business from New Hampshire -- gambling revenues, rooms-and-meals revenues -- I think it's important that we do what we've always done, which is compete with our neighbor to the south and make sure we get revenues up here," Hassan said during a debate. Concord Monitor (N.H.) (10/8) LinkedInFacebookTwitterEmail this Story
  • Atlantic City to continue demolishing abandoned buildings
    Officials of Atlantic City have secured an additional $1.5 million from the Casino Reinvestment Development Authority for the demolition of abandoned buildings in the city. The razing and rehabilitation of the properties will be limited to the Tourism District. "We know those buildings are an impediment to residents just enjoying a walk on the Boardwalk. ... So the demolition will remove that obstacle, and it's a wonderful thing to allow people to be free and comfortable to move around the city, and ultimately translate to better business for the city," said CRDA Deputy Director Susan Ney Thompson. The Press of Atlantic City (N.J.) (10/9) LinkedInFacebookTwitterEmail this Story
  AGA & G2E News 
  • Join the American Gaming Association -- The Voice of the Commercial Casino Industry
    Since 1995, the American Gaming Association (AGA) has served as a national advocate for commercial casinos and their employees. The AGA's varied activities, from communicating gaming's positive impacts and protecting industry interests on Capitol Hill to coordinating industrywide initiatives and the industry's largest trade shows, all have one primary purpose: to help the gaming industry succeed. Click here for more information about how to join the AGA. LinkedInFacebookTwitterEmail this Story
  • G2E 2012 was a success last week. Find info you missed with G2E Mobile
    Looking for G2E information, sessions, exhibitors, speakers or more? You can still find everything that happened at G2E 2012 by downloading our mobile app, sponsored by Konami, at www.G2Emobile.com or by the G2E website at www.globalgamingexpo.com. Save the Date for G2E 2013: Sept. 24-26, 2013, at the Sands Expo and Convention Center in Las Vegas. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
If it's very painful for you to criticize your friends -- you're safe in doing it. But if you take the slightest pleasure in it, that's the time to hold your tongue."
--Alice Duer Miller,
American writer and poet


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