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October 15, 2012
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Gaming News By the Industry, For the Industry

  Top of the Deck 
 
  • Casino compact between Mass., Mashpee tribe fails to win approval
    The federal government has turned down a casino agreement between the state of Massachusetts and the Mashpee Wampanoag tribe, saying the revenue allocation indicated in the compact would water down the Indian Gaming Regulatory Act. Under the agreement, the tribe commits to giving 21.5% of the casino's gambling revenues to the state. "While we have approved varying revenue sharing schemes in exchange for tangible benefits to tribes for over 20 years, the revenue sharing provisions in this Compact go beyond those permitted by the Department and IGRA," wrote Kevin Washburn, assistant secretary of Indian Affairs in the Department of the Interior. The Boston Globe/The Associated Press (tiered subscription model) (10/12) LinkedInFacebookTwitterEmail this Story
Expressions of Interest for Resort and Casino Operation
The Gambling Control Authority is pleased to be able to call for Expressions of Interest from suitably qualified parties to operate up to 2 Casinos in Samoa. The casino business to be established must be based on junket business.
Enquiries to: Mr. Robbie Kearney
Email: Robbie@gca.gov.ws
Phone: +685 7700460
Forms available by registering at: www.gca.gov.ws
  Industry Update 
  • Sioux City, Iowa, officials seek details of casino proposals
    The City Council in Sioux City, Iowa, wants to know the details of the casinos proposed for the city by two different groups, in case the state Racing and Gaming Commission asks for an endorsement. Sioux City Mayor Bob Scott said the city has allowed nonprofit group Missouri River Historical Development to select a casino operator. "If the state wants to know what the city of Sioux City wants, then we would be forced to make a decision," Scott said. Sioux City Journal (Iowa) (10/12) LinkedInFacebookTwitterEmail this Story
Let Them Go! Shed the Business Fears Holding You Back
If your business growth has stalled, it could be because you haven't let go of the worries holding you back. It's time to let them go and move on. Read the featured article to learn more.

  Issues, Trends & Technology 
 
  • Atlantic City casinos should spend less on comps, study says
    Casinos in Atlantic City should cut back on comps programs and spend more on travel reimbursements to attract more customers, according to a study conducted by Temple University professor Seul Ki Lee. "Most of the increase in demand through compliments is produced by taking away players from neighboring casinos, while little new demand is brought into the market," Lee and Purdue University professor SooCheong Jang wrote. The Press of Atlantic City (N.J.) (10/15) LinkedInFacebookTwitterEmail this Story
eBook: Why It's Time to Evaluate Your Timekeeping System
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  Industry Voices 

  iGaming 
  • Isle of Man grants online gaming license to Full Tilt Poker
    The Isle of Man Gambling Supervision Commission has approved an online license for Full Tilt Poker. Rational Group, which also operates PokerStars, acquired Full Tilt Poker's assets last July. FullTiltPoker.com will relaunch in Europe next month. "The Gambling Supervision Commission is confident that Full Tilt Poker will safeguard the interests of its players and adhere to the strict policies and procedures governing Isle of Man licensed gaming companies," said Steve Brennan, chief executive officer of the commission. Las Vegas Review-Journal (10/12) LinkedInFacebookTwitterEmail this Story
  Tribal Gaming Spotlight 
  International Focus 
  • Vegas gaming firms express interest in proposed Toronto casino
    Oxford Properties CEO Blake Hutcheson said major casino companies Caesars Entertainment, Las Vegas Sands and MGM Resorts International are interested in the $3.1 billion gaming facility proposed by the commercial real estate developer for Toronto. "There are a number of operators who have approached us and think that this site would be a bull's-eye for their needs," Hutcheson said. The development would include a casino, an extended convention center, a hotel and an urban park. Bloomberg Businessweek (10/12) LinkedInFacebookTwitterEmail this Story
  • Union Gaming: Macau gaming revenues could grow by up to 15%
    Union Gaming Research Macau says casino revenues in Asia's gaming hub could increase by up to 15% in this year's fourth quarter, after Macau Gaming Inspection and Coordination Bureau Director Manuel Joaquim das Neves said he expects growth of gross gaming revenue for the full year to be between 10% to 15%. "On a year-to-date basis through September, gaming gross revenue is up 14.9%. This would therefore imply 4Q12 growth in a range of -3% to +15%," Union Gaming analyst Grant Govertsen said. MacauBusiness.com (10/15) LinkedInFacebookTwitterEmail this Story
  Finance & Policy 
  • Cook County, Ill., may tax video gambling machines
    Video gambling machines in Cook County, Ill., could be taxed by up to $800 each if a gambling tax proposed by Cook County Board President Toni Preckwinkle gets approved. The tax proposal is part of Preckwinkle's $3 billion budget plan for 2013. State Rep. Lou Lang, an advocate of expansion of gambling in the state, said the purpose of legalizing the machines is to raise capital growth and maintain people's jobs. "If you tax it, it will slow growth," Lang said. Chicago Sun-Times (10/15) LinkedInFacebookTwitterEmail this Story
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  AGA & G2E News 
  • Keep It Fun by Learning How to Gamble Responsibly
    Responsible gaming is a priority for the gaming industry, and learning how to gamble responsibly should be important to every casino patron. Making sure that gambling is a social activity, setting a budget before starting gambling and knowing that there are times when you shouldn't gamble are just a few of the things that everyone can do to keep it fun. To learn more about how to be a responsible gambler, download "Keeping It Fun: A Guide to Responsible Gaming." LinkedInFacebookTwitterEmail this Story
Learn more about AGA & G2E ->American Gaming Association  |  National Center for Responsible Gaming
Global Gaming Expo (G2E)  |  G2E Asia

  SmartQuote 
I have loved the stars too fondly to be fearful of the night."
--Galileo Galilei,
Italian astronomer, philosopher and physicist


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