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| Industry Update | | |
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- Davenport, Iowa, City Council OK's plan to acquire Rhythm City casino
The City Council of Davenport, Iowa, has voted in favor of the city's plan to purchase the Rhythm City riverboat casino for $46 million. The acquisition is part of a plan to develop a land-based casino. "This is an opportunity to capture a revenue stream that is leaving the city of Davenport," Alderman Barney Barnhill said. Next week, the city is scheduled to request proposals for a land-based casino. Quad-City Times (Davenport, Iowa)
(10/24)     
- Bally Technologies' Q1 revenue grows 21%
Bally Technologies saw its year-to-year revenue increase by 21% in the first quarter. The slot machine maker has unveiled a $150 million share repurchase plan that would replace an existing program. "The new repurchase program allows us to continue to support our capital-deployment strategy and reflects our continued confidence in Bally's long-term growth plan and ability to consistently generate free cash flow," said Neil Davidson, Bally's chief financial officer. The company said its quarterly operating income increased 43% to $54 million, compared with $37 million in the same period last year. Las Vegas Review-Journal
(10/25)
- Deadwood, S.D., casinos report 4% increase in September revenue
The total gross revenue of casinos in Deadwood, S.D., increased 4% to $10.3 million, compared with $9.8 million in the same month last year. "Deadwood room sales were up by 1,032 from last September, which again helps our gaming, restaurant and retail numbers. The weather was also great for guests traveling to Deadwood and for that great fall event, the Deadwood Jam," Celebrity Hotel General Manager Ken Gienger said. The Black Hills Pioneer (Spearfish, S.D.)
(10/25)
- Caesars partners with Republic Airways for vacation packages
Caesars Entertainment has entered a deal with Republic Airways to offer charter flights for the gaming company's customers nationwide. Under the agreement, members of Caesars' Total Rewards loyalty club would be allowed to book flights through the charter reservations link on the gaming company's website or with casino hosts and travel agents. VegasInc.com (Las Vegas)
(10/25)
| iGaming | | |
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- Nev. governor vows to support Sen. Reid's online gambling bill
Nevada Gov. Brian Sandoval said in a letter to congressional leaders that he vows to give "full support" to Sens. Harry Reid, D-Nev., and Jon Kyl, R-Ariz., in their effort to draft legislation for online gambling regulation. "State rights in this area must be protected, but a sensible federal framework is necessary to [complement] state efforts on Internet gaming. A sensible federal approach would preserve state authority to ban gaming within its borders, protect minors from exposure to online gaming and protect legitimate consumers from illegal offshore operators," Sandoval wrote. The Hill/Hillicon Valley blog
(10/25)
- Cantor Gaming inks deal to offer sports betting at Las Vegas resort
Cantor Gaming has signed an agreement to offer its sports wagering services at The One Group's Bagatelle Beach and Supper Club resort in Las Vegas. The agreement allows customers to create and use an account with Cantor to place bets on sports and casino games using mobile devices. "We are delighted to now offer our popular wagers on sports and mobile gaming solutions through The One Group," said Cantor CEO and President Lee Amaitis. Las Vegas Review-Journal
(10/25)
| International Focus | | |
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- Packer's hotel gets initial approval from Australian government
James Packer has cleared a hurdle to his plans for a casino in Sydney after the New South Wales state government gave preliminary approval for a hotel with a VIP gaming facility. The proposed casino would not include slot machines. "This is not an economic no-brainer. You know, there has never been a casino in the world built for a billion dollars without slot machines. So we're entering virgin territory," Packer said during a business dinner. Google/Agence France-Presse
(10/26)
| AGA & G2E News | | |
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Building stronger relationships for women in gaming
Global Gaming Women (GGW) was launched by the AGA to nurture emerging female leaders in the international gaming industry by fostering stronger relationships between top female executives and promising managers. GGW creates opportunities for women in the industry to learn from each other, share ideas, discuss best practices and take advantage of mentorship opportunities. For more information about upcoming events or to get involved, visit the GGW page on the AGA website.
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Save the dates for G2E Asia 2013 and G2E 2013
Save the date for G2E Asia 2013: May 21-23 at the Venetian Macao, Macao, China.
Save the date for G2E 2013: Sept. 24-26 at the Sands Expo and Convention Center, Las Vegas.
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