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March 1, 2013
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Gaming News By the Industry, For the Industry

  Top of the Deck 
  • Some casinos increasingly pick slot machines over poker
    Poker, which has proved to be one of the biggest gambling trends in the casino industry in recent years, could be losing its momentum as some gaming facilities are increasingly switching out their poker tables for slot machines. However, larger casinos, including Caesars Entertainment, the Bellagio and the Venetian, are still investing in poker. Caesars now has a progressive jackpot, and the Venetian's poker room installed 17 additional tables. The Washington Post/The Associated Press (2/28) LinkedInFacebookTwitterEmail this Story
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Industry Update 
 
  • Boyd agrees to sell Dania Jai Alai in Florida for $65.5 million
    Boyd Gaming has sold its Dania Jai Alai in South Florida to Dania Entertainment for $65.5 million. The deal should be completed in May. "Our company's primary focus is on strengthening our balance sheet, and the sale of this nonstrategic asset is another significant step toward that goal," said Boyd Gaming CEO Keith Smith. Las Vegas Review-Journal (2/28) LinkedInFacebookTwitterEmail this Story
  • Rock Ventures CEO voices plan for area around Greektown Casino
    Rock Ventures CEO Matt Cullen said Thursday at the Detroit Policy Conference that the community surrounding Detroit's Greektown Casino could be tied into the gaming facility in order to revitalize the area. "We think you can re-energize Greektown in a significant way. It's all about connectivity," said Cullen, who along with Rock Gaming announced an interest in purchasing a majority stake in the casino's parent company last month. MLive.com (Michigan) (free registration) (2/28) LinkedInFacebookTwitterEmail this Story
  • Ground is broken for hotel at Pinnacle's Harvey, La., casino
    The construction of a $20 million hotel near Pinnacle Entertainment's Boomtown Casino in Harvey, La., will begin immediately, according to officials. The company, parish leaders and gaming board officials participated in a groundbreaking ceremony Thursday for the five-story facility. "There's nothing as exciting as a new hotel. It will rev up the West Bank," Boomtown vice president and general manager Harold Rowland said. The Times-Picayune (New Orleans) (2/28) LinkedInFacebookTwitterEmail this Story
  • Other News
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  iGaming 
 
  • Race is on among states aiming to catch online gambling windfall
    So far, Nevada, Delaware and New Jersey have legalized online gambling, and analysts are expecting that the next step for states interested in capturing a piece of the profitable venture is to work together to be able to offer bigger jackpots and attract more gamblers. "I would be shocked if within a few years there aren't multiple states cooperating," said attorney Tom Goldstein, who has represented online gambling firms. Reuters (2/28) 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

  Tribal Gaming Spotlight 
  • Wis. governor says all tribes must agree on new off-reservation casino
    Wisconsin Gov. Scott Walker said all of the state's 11 tribes must agree to a new off-reservation casino in the state before he approves it. "Consensus doesn't mean 10 yes and one no. Consensus means everybody says yes," Walker said. Lisa Waukau, vice chair of the Menominee tribe, said Walker's standard is unachievable. "That's never going to happen. It's unrealistic for the governor to even say that," Waukau said. The Menominee tribe wants to place a casino at a former greyhound track in Kenosha. Milwaukee Journal Sentinel (tiered subscription model) (2/28) LinkedInFacebookTwitterEmail this Story
  AGA & G2E News 
  • AGA releases report on environmental sustainability in the gaming industry
    As a part of its "All In for the Environment" campaign, the American Gaming Association (AGA) released a paper, titled "The Commercial Gaming Industry's Commitment to Environmental Sustainability," quantifying the substantial commitments to environmental sustainability and energy conservation made by the commercial gaming industry. The AGA also added new content to its website, including an infographic illustrating key findings from the report and case studies highlighting the specific efforts of individual gaming companies. To read the case studies and download the paper or infographic, visit the AGA website. LinkedInFacebookTwitterEmail this Story
  • Newly designed floor plan to be unveiled at G2E Asia 2013!
    Attending G2E Asia 2013 (May 21-23 at the Venetian Macao)? If so, be sure to check out our newly designed floor plan aimed at maximizing exposure for all companies. If you are still looking to exhibit at G2E 2013, there is limited exhibit space available for new advertising opportunities. For more information, contact Todd Sheahan in the United States at +1-203-840-5397, or Lay Eng See in China at + 86 21 2231 7028. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
Mediocrity knows nothing higher than itself, but talent instantly recognizes genius."
--Sir Arthur Conan Doyle,
Scottish-born writer


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