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October 17, 2012
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • Sportingbet set to accept William Hill's $851 million offer
    Sportingbet has said it would accept an offer of $851 million proposed by William Hill. The deal would allow William Hill to acquire Sportingbet's operations in Spain and Australia, while partner GVC Holdings would procure the online gaming group's businesses in other international markets. "Subject to reaching agreement upon its detailed terms and conditions, the board of Sportingbet has confirmed to William Hill and GVC Holdings that if such an offer were to be made, the board of Sportingbet would expect to unanimously recommend it to Sportingbet shareholders," GVC Holdings said in a statement. Reuters (10/16) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • MGM acquires property in Springfield, Mass., for planned casino
    MGM Resorts International has acquired property in Springfield, Mass., as part of the company's plan to build a casino in the city. According to MGM spokeswoman Carole Brennan, the $1 million purchase is the company's first property acquisition for its planned gaming facility. Brennan said the parcel would be converted for parking should the city select the gaming company's casino proposal. The Republican (Springfield, Mass.) (10/17) LinkedInFacebookTwitterEmail this Story
  • Davenport, Iowa, plans to acquire Rhythm City casino
    Davenport, Iowa, has proposed to buy the Rhythm City riverboat casino as part of its plan to develop a land-based casino. The City Council was to discuss the proposal today and is scheduled to vote on the terms next week. If all goes as planned, the transaction with casino owner Isle of Capri could be completed by the middle of next year and the new casino could open in 2015. Quad-City Times (Davenport, Iowa) (10/17) LinkedInFacebookTwitterEmail this Story
  • Nevada Gold & Casinos to move headquarters to Las Vegas
    Jim Kohn, chief financial officer of Nevada Gold & Casinos, said the company will close its office in Houston and move its operations to Las Vegas. "With Las Vegas as our new home, we will improve our access to acquisition opportunities and our participation in industry developments. Also, the move permits us to more fully leverage opportunities arising from our recent approval for a gaming license in the state of Nevada," said Nevada Gold's interim president, Ernest East. The casino operator has jettisoned a plan to invest in a casino-hotel project near the Las Vegas Motor Speedway. VegasInc.com (Las Vegas) (10/16) LinkedInFacebookTwitterEmail this Story
  • Officials: Atlantic City's new campaign is motivating tourists
    Leaders of the Atlantic City Alliance say the group's new "Do Anything, Do Everything, Do AC" campaign is helping to encourage residents of nearby states to visit. Don Marrandino, chairman of the alliance, said the campaign promotes other attractions in the city aside from casinos, including the city's hotels and great entertainment. "Instead of Atlantic City being shown just as a gambling destination, we're showcasing the resort as a whole," Marrandino said. The Washington Post/The Associated Press (10/16) LinkedInFacebookTwitterEmail this Story
  Issues, Trends & Technology 
  • Proponents abandon campaign for casino in Portland, Ore.
    The supporters of a proposed casino in Portland, Ore., have dropped efforts to promote the development of a gaming facility. The backers say they lack votes to pass ballot measures that would allow the casino. "In the last few weeks it appears to the campaign team that not enough Oregon voters are ready to add a private casino to the state's gaming options," they said in a statement. The Oregonian (Portland) (10/16) LinkedInFacebookTwitterEmail this Story
  Finance & Policy 
  • Governor: Proposal to tax Cook County gambling machines should wait
    Illinois Gov. Pat Quinn said a proposal to tax video gambling machines in Cook County should be put on hold until he and state legislators have a chance to take up gambling expansion again. Cook County Board President Toni Preckwinkle has announced she is considering a plan to tax the machines annually by up to $800 each. "We'll be meeting from Nov. 27 to the 9th of January, and I think a lot of things dealing with the issue of gambling have to come down at that time," Quinn said of the Legislature. WBBM-TV (Chicago) (10/16) LinkedInFacebookTwitterEmail this Story
  AGA & G2E News 
  • AGA report details opportunities for effectively regulating online poker
    A recent AGA white paper, "Online Gambling Five Years After UIGEA," examines the state of the online gambling market in the United States and around the world and the principal public policy concerns surrounding online gambling -- ensuring the integrity of the games, respecting territorial limits, excluding underage gamblers and implementing responsible gaming programs -- and how they can be addressed successfully with regulation and new technology. The paper concludes that Congress has a unique opportunity to build a comprehensive policy that includes the licensing and regulation of online poker. Download the full paper here. LinkedInFacebookTwitterEmail this Story
  • Check out G2E Highlights with the G2E Blog, YouTube and G2E Website. Don't forget to follow G2E on LinkedIn, Twitter, and Facebook
    Check out 2012 video highlights and interviews from the show floor on the G2E Blog, YouTube and www.globalgamingexpo.com. You won't want to miss these videos -- they are one of a kind and will leave you smiling and informed! Then, see how G2E is preparing for 2013 and what's going on in the gaming industry today by connecting with G2E on LinkedIn, Twitter and Facebook. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
In times of change, learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists."
--Eric Hoffer,
American social writer


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