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January 24, 2013
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • 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) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • Treasure Island owner planning $30 million convention center
    Billionaire Phil Ruffin, the owner of Treasure Island in Las Vegas, said he is considering adding a $30 million convention center to the resort. The 100,000-square-foot facility, which would be built in two phases, would connect the Treasure Island with Mel Torme Drive's parking garage. "We'll probably do it," Ruffin said. Las Vegas Review-Journal (1/23) LinkedInFacebookTwitterEmail this Story
  • 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) LinkedInFacebookTwitterEmail this Story
  • 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) LinkedInFacebookTwitterEmail this Story
  International Focus 
  • Report: Caesars to forge ahead with casino project in South Korea
    Caesars Entertainment and Lippo Group have reached an agreement on a joint venture project to develop a casino in South Korea, according to the Indonesian conglomerate. According to Lippo's statement to the Hong Kong Stock Exchange, the two firms plan to secure the local government's approval for the casino project in Incheon. The Wall Street Journal (1/23) LinkedInFacebookTwitterEmail this Story
  • 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) LinkedInFacebookTwitterEmail this Story
  Finance & Policy 
  • Miss. commission wants more "substantial" casino resorts
    The Mississippi Gaming Commission, which has asked developers to build casinos with more expansive gaming spaces and more hotel rooms among other conditions, wants to make the requirements official. Commission Executive Director Allen Godfrey said the commission is accepting written comments on the new regulations and may vote on the modifications in March. The Sun Herald (Biloxi-Gulfport, Miss.) (1/22) 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. Go here for more information about how to join the AGA. LinkedInFacebookTwitterEmail this Story
  • 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. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
All news is an exaggeration of life."
--Daniel Schorr,
American journalist


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