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- Cosmopolitan unveils new events center project
Work is under way on a 3,000-seat events center at the Cosmopolitan of Las Vegas. The theater, which will be called the Chelsea, is expected to open by the end of the year. CEO John Unwin said the facility would help the hotel get larger convention bookings. "You'll be having the keynote speaker from Google or Apple addressing their group in here one day, and the next day maybe you'll have a general session in here for a convention, and then the next day you'll have a big concert or boxing," Unwin said. Las Vegas Review-Journal/The Associated Press
(1/23)     
| Industry Update | | |
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- Nev. casinos narrow loss as revenues increase
Figures released in the Nevada Gaming Control Board's "Gaming Abstract" report show that the state's 265 casinos that grossed $1 million or more narrowed their net loss to $1.2 billion in 2012 compared with a loss of $3.9 billion in fiscal 2011. According to state gaming officials, the gaming business in the state is improving. "It's getting better," said the board's senior research analyst, Michael Lawton. The casinos garnered total revenue of $22.9 billion during the year, up from $22 billion in 2011. Las Vegas Sun
(1/23)
- Rock Ohio Caesars racetrack under renovation nears opening
Rock Ohio Caesars' Thistledown racetrack in North Randall, Ohio, will be ready to offer video lottery machines, restaurants and a food court when it opens in April. The horse track is going through an $88 million renovation to be converted into a racino. "Everything we do is going to be geared toward making our customers feel at home, being part of our family and enjoying the fun atmosphere that we're trying to project here at Thistle," said Rick Skinner, general manager of the racino. Akron Beacon Journal (Ohio)
(1/24)
| International Focus | | |
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- Las Vegas Sands exec: Macau could hit $100 billion in gaming revenue
Macau's gaming market could expand to ultimately take in $100 billion in gross gaming revenue, says Las Vegas Sands President and Chief Operating Officer Michael Leven. "It will continue to grow, because as income grows in the mainland, it's going to continue to feed people into Macau," Leven said. "There's no risk that they won't have considerable growth." MacauBusiness.com
(1/23)
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Prepare for G2E Asia 2013 and find out what's on tap for G2E 2013 with the G2E Blog
Check out all of the new happenings for G2E Asia 2013 (May 21-23 at the Venetian Macao) and what we have in store for G2E 2013 (Sept. 24-26 at the Sands Expo & Convention Center in Las Vegas) on the G2E Blog.
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The Indiana state Senate Public Policy Committee has voted unanimously to approve a bill that would permit the state's riverboat casinos to move operations on land, cut their taxes and allow some table games at horse tracks. The bill now goes to the state Senate Appropriations Committee. 
