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March 4, 2013
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • Boyd Gaming sells Echelon to Genting for $350 million
    Genting Group says it is acquiring Echelon, an unfinished Las Vegas Strip project, from Boyd Gaming Corp. Genting plans a Resorts World complex for the site. "This is a game changer. ... People were expecting a big new casino in Las Vegas was still three to five years away," said Jeremy Aguero, a Las Vegas economist and consultant. The Wall Street Journal (3/4), Bloomberg (3/4) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • N.J. to appeal judge's ruling on sports betting, governor says
    New Jersey Gov. Chris Christie said the state would appeal a federal judge's decision against New Jersey's attempt to allow sports betting. "We believe firmly in the principles of our position on sports betting and that the federal ban is inequitable, violates New Jersey's rights as a state and is unconstitutional. Even the trial judge has noted that he was not likely the final arbiter in the matter. We are confident that the federal court of appeals will conclude that New Jersey should be treated equally with other states," a spokesman for Christie said. The Press of Atlantic City (N.J.)/The Associated Press (3/2) LinkedInFacebookTwitterEmail this Story
  • Iowa gaming commission to examine casino applicants' backgrounds
    The Iowa Racing and Gaming Commission and the state Division of Criminal Investigation will meet on Wednesday for a closed-door meeting to discuss the results of background checks on companies and people seeking a gaming license in the state to replace the Argosy riverboat casino with a land-based gaming facility. "In 20-plus years, we haven't had any major issues with licenses in the state. I think a big portion of that is due to the thoroughness that we conduct the backgrounds," DCI Assistant Director Dave Button said. Sioux City Journal (Iowa) (3/3) LinkedInFacebookTwitterEmail this Story
  Issues, Trends & Technology 
  • Mass. commission to weigh rural vs. urban casinos
    As part of the casino selection process, one of the factors that the Massachusetts Gaming Commission will have to consider is whether to approve proposed casino projects in rural or in urban locations. Casino experts present the pros and cons of each choice, but Commission Chairman Stephen Crosby says the panel has no inclination toward either. "We would weigh each case on independent criteria. I can't see any intrinsic plus or minus for one model versus the other," Crosby said. The Boston Globe (tiered subscription model) (3/3) LinkedInFacebookTwitterEmail this Story
  • VictoryLand casino in Alabama obtains liquor license
    The Alabama Alcoholic Beverage Control Board has granted the VictoryLand casino in Macon County, Ala., an expanded liquor license. Alabama Attorney General Luther Strange shut down the gaming facility last month, alleging that it is operating illegal gambling. Charlanna Spencer, a lawyer for the casino, said the board's ruling supports VictoryLand's contention that the gaming machines at the casino are legal. Montgomery Advertiser (Ala.) (3/2) LinkedInFacebookTwitterEmail this Story
  Industry Voices 

  iGaming 
  • William Hill to acquire Playtech's stake in online joint venture
    William Hill said it would pay Playtech $643 million for all its shares in the bookmaker's online unit, William Hill Online. Playtech holds a 29% stake in subsidiary. "Today marks a major milestone for William Hill as we propose taking full control of William Hill Online. This move rounds off a successful 12 months, which have seen us take our first steps into the U.S.," William Hill CEO Ralph Topping said. Las Vegas Review-Journal (3/1) LinkedInFacebookTwitterEmail this Story
  • Zynga faces need to partner with casinos on online gambling
    Zynga and other social gaming companies that are seeking to join the online gambling frenzy in states such as New Jersey and Nevada, where gambling on the Internet is now legal, will likely be required to team up with existing casinos to enter the business. "If we are talking about the social-gaming companies, then we are talking about mergers or working agreements," American Gaming Association President Frank Fahrenkopf said. Bloomberg (3/1) LinkedInFacebookTwitterEmail this Story
  Tribal Gaming Spotlight 
  • Tribe to present casino plans in Galt, Calif.
    The Wilton Rancheria tribe will present its plans for a casino near Galt, Calif., to the Galt City Council on Tuesday. Leaders of the tribe, which reportedly has found a development partner, first suggested their intentions of building a casino in 2009. "It's good they're taking time to communicate with local governments," Sacramento County Supervisor Don Nottoli said. "I get the sense they're being thoughtful in moving forward." Lodi News-Sentinel (Calif.) (3/2) LinkedInFacebookTwitterEmail this Story
  International Focus 
  • Macau reports 12% growth in February gambling revenue
    Macau's gaming revenue for February rose 12% from 2012 to $3.4 billion, according to the Macau Gaming Inspection and Coordination Bureau. The numbers "were encouraging" after a slow start to the Chinese New Year festivities, according to RBC Capital Markets gaming analyst John Kempf. "It is likely that VIP volumes increased post Chinese New Year as the players avoided the crowds and extended their holiday past the typical seven to 10 days," Kempf said. Las Vegas Review-Journal (3/1) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by AGA SmartBrief a G2E production readers in the past week.

  • Results based on number of times each story was clicked by readers.
  AGA & G2E News 
  • Have the Commercial Casino Industry at Your Fingertips
    The AGA website is your gateway to all of the information you need to get up to speed – and stay there – on the commercial casino industry. Whether you are looking for information on federal issues affecting the gaming industry; original research on topics like the economic impact of the commercial casino industry, online poker or regulatory reform; or information on AGA programs and events, the AGA website is the place to go for what you need. LinkedInFacebookTwitterEmail this Story
  • G2E Asia 2013 exhibitor spotlight: Three Like Co.
    Since 1992, Three Like Co. Ltd. has specialized in the manufacturing of reflective and light-diffusing materials. The company produces light-diffusing materials for LED products on game machines that eliminate pinpoint bright light, improve light output and reduce the number of LEDs required, which results in higher cost savings for customers. For more information on this company, please visit www.threelike.co.jp. Three Like Co. Ltd. will exhibit at G2E Asia 2013 May 21-23 at The Venetian Macao. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
The man who insists upon seeing with perfect clearness before he decides, never decides. Accept life, and you must accept regret."
--Henri Frédéric Amiel,
Swiss philosopher, poet and critic


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