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February 25, 2013
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • Owner plans to market Atlantic City's Trump Plaza with Nevada resort
    Meruelo Group, the new owner of the Trump Plaza Hotel and Casino in Atlantic City, N.J., plans to market the gaming property with the Grand Sierra Resort and Casino in Reno, Nev., which it also owns. "We're trying to tie it to the Grand Sierra to keep consistent. You don't want to call it 'Sierra,' but there will definitely be some similarity. It's a great opportunity, and we have the experience of taking a property in Reno and making it competitive. We'll be taking what we've learned from this place and tying it to Atlantic City," said Steve Rosen, general manager of the Grand Sierra casino. Reno Gazette-Journal (Nev.) (2/25) LinkedInFacebookTwitterEmail this Story
Is Pricing Low Your Strategy to Success? Think again.
Pricing is the heart of a business. It affects everything you do and is affected by everything you do. Economists talk of supply and demand as key factors behind pricing—successful entrepreneurs manipulate demand by making their products more desirable. These six steps will help you determine the right price for your product or service, read the article and learn how to get pricing right.

  Industry Update 
 
  • Maurice Wooden named new president of Wynn Las Vegas, Encore
    Wynn Resorts said Marilyn Spiegel, the president of Wynn Las Vegas and Encore, will step down to focus on the design and development of the company's resort projects. The company has appointed Maurice Wooden, the former chief operating officer of Wynn Las Vegas and Encore, to replace Spiegel. "This realignment of our most valuable resource, our people, will help put our company on the path for financial growth in Las Vegas, as well as outside of Las Vegas, for years to come," Wynn Chairman Steve Wynn said. Las Vegas Review-Journal (2/22) LinkedInFacebookTwitterEmail this Story
  • Las Vegas tourism is recovering slowly but surely
    Tourism in Las Vegas improved last year, when 2.1% more visitors came to the city than in 2011. Hotel occupancy increased 0.6%, to 84.4%, and ADR rose 2.8%, to $108.08, the Las Vegas Convention and Visitors Authority says. The number of people driving in from Southern California is also on the rise. "Between hotels coming back online from renovations and new hotels coming into the market over the next 12 to 18 months, Las Vegas will see another 5,000 or more rooms added to the market," said Jim Cady, general manager of the DoubleTree by Hilton near the city's airport. Cady says he doesn't think occupancy will return to 2007 levels until 2015 or 2016. HotelNewsNow.com (2/21) LinkedInFacebookTwitterEmail this Story
  • Caesars exec offers updates on planned conference center at Harrah's
    Kevin Ortzman, senior vice president of Caesars Entertainment, said the company is working to obtain financing for a planned conference center at the Harrah's Resort in Atlantic City. "I'm cautiously optimistic that we'll be able to break ground in the early to mid-springtime. We're in our final negotiations with financing — just negotiating the final terms to make sure this is viable and continues with the transformation of Atlantic City," Ortzman told New Jersey's Casino Reinvestment Development Authority board last week. The Press of Atlantic City (N.J.) (2/23) LinkedInFacebookTwitterEmail this Story
The ROI of Privacy with TRUSTe Solutions
Investment in a Data Privacy Management Platform can deliver significant, positive financial returns for corporate bottom lines. The "Total Economic Impact (TEI) of TRUSTe" Study explains how Forrester Analysts calculated a 151% ROI for TRUSTe customers. Download the study now.

  Issues, Trends & Technology 
 
  • Young players' declining interest in slots spurs IGT to invest online
    International Game Technology Chairman Philip Satre said young gamblers' decreasing interest in slot machines has spurred the company to invest in the online gaming business. "They won't sit at a machine for two hours or three hours. It is to me one of the biggest single challenges for the gaming industry, having products that are relevant to this new generation," Satre said. Last year, the slot machine maker acquired Double Down Interactive for $500 million. Bloomberg Businessweek (2/22) LinkedInFacebookTwitterEmail this Story
  • Caesars lauded for employee benefits, salary
    Caesars Entertainment, which has ranked fourth best place to work among big companies in the U.S., gained high marks for the salary and benefits it gives to its employees. The casino operator, which has 70,000 employees worldwide, also offers wellness and health programs to its workers. Las Vegas Review-Journal (2/24) LinkedInFacebookTwitterEmail this Story
Strategic Pricing: The Secret Sauce of Executives
Most travel, transportation and hospitality industries depend on their revenue management and pricing systems to make daily decisions. But those systems can also be used to make long-term decisions and reinforce strategic goals. Tightly integrating pricing strategy throughout your operations allows executives to make more balanced decisions. Click here for the free paper

  Industry Voices 

  iGaming 
  International Focus 
  • Singapore's gaming revenues rose by 8% in 2012
    Singapore's gaming revenues increased 8% to $5.85 billion in 2012. Las Vegas Sands' Marina Bay Sands reported gaming revenues of $2.94 billion in 2012, while Genting's Resorts World Sentosa Island took in $2.91 billion. Union Gaming Group principal Grant Govertsen said the country's high-end gaming market "seems to be recovering." "With that in mind, we would expect Singapore gross gaming revenue to grow in the low or mid-single digit range in 2013. As such, we would expect Las Vegas Strip gross gaming revenue in 2013 to remain ahead of Singapore," Govertsen said. Las Vegas Review-Journal (2/22) 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 
  • Debunk the myths about slot machines
    According to an annual AGA survey, the slot machine consistently is named the public's favorite casino game. But, despite their popularity, there are a lot of misconceptions about how slot machines work. The main point to remember is that each spin or play is a completely random event independent of any spins that came before it. A lot of the myths about the machines fall apart when you consider this fact. Learn more about how slot machines operate by downloading "Taking the Mystery Out of the Machine: A Guide to Understanding Slot Machines." LinkedInFacebookTwitterEmail this Story
  • G2E Asia 2013 exhibitor spotlight: Slot-Tickets Worldwide
    Slot-Tickets Worldwide is the original OEM approved source for slot machine tickets. Slot-Tickets Worldwide offers high quality tickets at the lowest possible cost and quickest JIT delivery. Annual Contract Programs are available as well. Designed and approved for all EGM ticket-in/ticket out machines and all OEM printers. For more information on Slot-Tickets Worldwide, please visit www.slot-tickets.com. Slot-Tickets Worldwide will exhibit May 21-23 at G2E Asia 2013 at The Venetian Macau. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
It is wonderful how much news there is when people write every other day; if they wait for a month, there is nothing that seems worth telling."
--Anna Masterton Buchan,
Scottish writer


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