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December 13, 2012
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Gaming News By the Industry, For the Industry

  Top of the Deck 
Selling your business? Here are 7 things you should do now.
If you're considering selling your business, you should be doing everything you can to get the best possible price. In just 7 simple steps you can improve your chances of attracting buyers and getting big bucks for your business. Read the article and learn the 7 steps.

  Industry Update 
 
  • MGM proposes to build expanded pool at Circus Circus
    MGM Resorts International has submitted plans to Nevada's Winchester Town Advisory Board for a project that would occupy 5.5 acres of land on its Circus Circus Drive property in Las Vegas. According to the proposal, the project would include a children's pool, two water slides and a river channel. "We are conducting our due diligence by pursuing tentative approvals for a zoning change for recreational purposes. However, to use the term 'water park' at this point to describe any developments on that acreage would be premature, as the evaluative process itself is still in very preliminary stages," said MGM Spokeswoman Yvette Monet. VegasInc.com (Las Vegas) (12/11) LinkedInFacebookTwitterEmail this Story
  • Report: Mass. racetrack to compete for slot machine bid
    Officials of Raynham Park in Raynham, Mass., met with Massachusetts Gaming Commission consultants this week as the racetrack prepares to apply for a slots parlor license in the state, according to a spokeswoman for the commission. The Plainridge Racecourse in Plainville is also seeking to win the bid to obtain a license. Bidders have until Jan. 15 to submit their applications and initial application fee of $400,000. American City Business Journals/Boston (12/12) LinkedInFacebookTwitterEmail this Story
  • Wolfgang Puck celebrates 20 years of success in Las Vegas
    Wolfgang Puck celebrated the 20th anniversary of his Las Vegas restaurant, Spago, this week by showcasing a one-of-a-kind anniversary menu with some dishes selling at their 1992 prices. In 2005, the American Gaming Association included Puck in the Gaming Hall of Fame due to the improvements he brought to casino dining. "We showed the gaming industry that the restaurant can be profitable," Puck said. Las Vegas Review-Journal (12/12) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Issues, Trends & Technology 
 
  • Deal reached on lease extension for Iowa's Argosy Casino
    Sioux City, Iowa, and Penn National Gaming have reached an agreement on an extension of the Argosy Sioux City casino's lease until an onshore casino opens in the city. "We thank the city for all their work through such unprecedented times. The long-term stability of our employees, as well as the revenue we generate for the community, has been of utmost importance to us since day one," said Tim Wilmott, Penn National's president and chief operating officer. Sioux City Journal (Iowa) (12/12) LinkedInFacebookTwitterEmail this Story
  • Mass. commission to guide casino firms in community negotiations
    Members of the Massachusetts Gaming Commission are planning to offer guidelines for determining what constitutes a "surrounding community" that can negotiate with a company seeking to build a casino in a nearby city or town. Stephen P. Crosby, chairman of the gaming commission, said casino developers should determine those communities and collaborate with them. "We will try to give enough guidance that the applicant and the community can work it out in advance, pretty much knowing where we would go," Crosby said. The Republican (Springfield, Mass.) (12/13) LinkedInFacebookTwitterEmail this Story
How to Achieve IT Agility: A Survival Guide for IT Decision Makers
When business teams add new apps and services to already-strained networks, IT departments are accountable for making everything work. Is your team ready for this challenge? Read this eGuide to learn how IT teams are automating their networks, why they're utilizing Ethernet fabrics and SDN, and what success looks like as they regain network control and business relevance.

  Tribal Gaming Spotlight 
 
  • New hotel opens at Michigan tribe's FireKeepers Casino
    The Nottawaseppi Huron Band of the Potawatomi held a ceremony Wednesday to celebrate the opening of a new 242-room hotel at the tribe's FireKeepers Casino in Emmett Township, Mich. "The hotel will provide rooms and the event center is going to provide business opportunities to recruit from other locations that this would be a destination place to host a business conference," tribal council Chairman Homer Mandoka said. Battle Creek Enquirer (Mich.) (12/12) 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.

  International Focus 
  • Companies seek to popularize Texas Hold 'Em in China
    International gaming companies are kicking off efforts to promote Texas Hold 'Em in China through tournaments and academies. On Friday, Bwin.Party Digital Entertainment's World Poker Tour will hold the first major Texas Hold 'Em event on mainland China with OurGame.com, an online gaming firm based in Beijing. "We aren't pushing online gambling at this point, but we are trying to develop the game," said Steve Heller, CEO of World Poker Tour. The Wall Street Journal (12/12) LinkedInFacebookTwitterEmail this Story
  • Filipino billionaire partners with Okada on $2 billion Manila casino
    Robinsons Land Corp., which is controlled by billionaire John Gokongwei, has signed an initial agreement with Kazuo Okada's Universal Entertainment Group for a planned $2 billion casino resort in Manila. The Manila Bay Resorts project will include a casino, hotels, residential spaces and restaurants. According to Universal, the final contract will be signed by the end of January. Bloomberg Businessweek (12/13) 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
  • G2E Asia 2013 exhibitor spotlight: Cole Kepro International LLC
    Cole Kepro International is an industry leader and global designer and supplier of manufactured turnkey gaming cabinets and related products that are the foundation for Class II and Class III electronic gaming machines. Cole Kepro is responsible for many cabinet designs, all of which can be customized to meet customers' requirements and specifications. In addition, Cole Kepro can offer custom-designed cabinets, contract manufacturing of turnkey cabinets, harnesses and mechanical and electronic components. Cole Kepro International LLC will exhibit at G2E Asia 2013 May 21-23 at The Venetian Macao. LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
No problem can withstand the assault of sustained thinking."
--Voltaire,
French writer, historian and philosopher


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