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Bally Technologies CEO discusses gaming industry issues | Interactive gaming lifts IGT's Q2 revenue | Boyd Gaming reports profit in Q1
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April 25, 2012
Casino & Gaming SmartBrief
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Bally Technologies CEO discusses gaming industry issues
Bally Technologies CEO Richard Haddrill, who is driven toward the goal of expanding the company's international market share, says regulatory reform is one of the three big issues that the gaming industry is facing. "There's an increasing awareness by those in gaming -- regulators, suppliers and casino customers -- that the cost and time delays of product approvals are a real hindrance to gaming being competitive with other forms of entertainment," Haddrill said.
Vegas Inc. (Las Vegas) (4/24) 
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Gaming Industry News
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Interactive gaming lifts IGT's Q2 revenue
International Game Technology said its revenue grew by 13% to $541 million, driven in part by the company's investment in interactive gaming through its purchase of Double Down Interactive. The Las Vegas and Reno, Nev.-based maker of slot machines reported a quarterly profit of $61.9 million.
Vegas Inc. (Las Vegas) (4/24) 
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Boyd Gaming reports profit in Q1
Boyd Gaming reported a profit of $5.8 million for the first quarter, compared with a loss of $3.5 million in the same period last year. The company said an increase in revenue across many of its properties lifted its quarterly profit. Revenue at its Borgata Hotel Casino & Spa in Atlantic City, N.J., was up 4.2%.
Las Vegas Review-Journal (4/24) 
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Innovations and Trends
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Md. governor may call for special session to settle gambling bill
Maryland Gov. Martin O'Malley is considering calling for two special sessions of the legislature, the second of which would be for the purpose of settling gambling legislation this summer. Supporters want voters to be able to choose whether to add table games as well as a casino in Prince George's County.
The Washington Times (4/24) 
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International Gaming
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PokerStars continues settlement discussions with prosecutors
PokerStars said it is in settlement discussions with the Department of Justice regarding a federal indictment that led to the closure of its website last year. The announcement comes as rumors surfaced about the online gaming firm's interest in buying rival company Full Tilt Poker.
Las Vegas Review-Journal (4/24) 
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Online and Social Gaming
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Online and Social Gaming
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Supreme Court hears lawsuit against Gun Lake Tribe casino in Mich.
Supreme Court justices are trying to decide on a lawsuit filed against the opening of Gun Lake Tribe of Pottawatomi Indians' casino in Michigan. David Patchak, a former Wayland Township Trustee, alleged in the suit that the government's move to place the tribe's land in trust is illegal. "The United States has not waived its sovereign immunity from suits challenging its title to Indian trust lands," said Eric D. Miller, a Justice Department lawyer.
The Boston Globe (tiered subscription model)/The Associated Press (4/24) 
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Judge rules against Catawba tribe's request to build casino in S.C.
A circuit judge in South Carolina rejected the Catawba Indian Nation's plan to build a casino on its York County reservation. Catawba Chief William Harris said the ruling was disappointing for the tribe and for those who would have wanted to gamble in the casino. "We plan to appeal this ruling and continue our quest for justice," Harris said.
Bloomberg Businessweek (tiered subscription model)/The Associated Press (4/24) 
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Tribal Gaming
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Galaxy reportedly ready to expand Cotai casino in Macau
Union Gaming Group, an investment bank focused on the gaming industry, said Galaxy Entertainment may announce on Thursday the second phase of its plan to expand its casino in Cotai, Macau. "We would expect the project cost of Phase II to be in the neighborhood of the first phase, or up to HKD16 billion (USD2 billion)," said Union Gaming Managing Partner Grant Govertsen.
Macau Daily Times (Macau) (4/25) 
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AGA & G2E News
Stay up-to-date on online poker
Online poker is one of the hottest topics in today's gaming industry. Everyone seems to be talking about it -- politicians, regulators, gaming companies, the media and players -- but where can you get all the information about the issue that you need? The AGA has created the Online Poker Headquarters on its website with links to videos, opinion pieces, white papers and background about the issue, along with information about how you can get involved in the effort to pass federal legislation to allow states to legalize and regulate online poker. Visit the AGA's Online Poker Headquarters to see all of the resources that are available.
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G2E 2011 featured session recording: Round Robin: Wage and Hour Class Actions
Round Robin: Wage and Hour Class Actions, the G2E 2011 session recording, discusses how the complicated world of federal wage and hour regulations can carry many risks for employers. The technical requirements of payrolls, benefits and compensation have spurred many class action suits against casinos nationwide. Learn the difference between permissible neutral rounding and impermissible one-way rounding, the sequence of events related to timekeeping, how to pay overtime properly and updates on changing regulations. Listen to the whole session recording, and don't forget G2E 2012 takes place Oct. 1-4 at The Sands Expo & Convention Center!
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