News

Alice Tilson

July 28, 2015

Inside Gaming: Skill-Based Slots to NV, Fantasy Sports Talk, Debating Trump’s Casino History

This week’s installment of Inside Gaming shares news from yesterday’s meeting of Nevada regulators during which the way was paved for skill-based slots while a fine to Caesars was approved, considers a few topics swirling about the much-discussed explosion of daily fantasy sports, and looks in on this week’s GOP debate where Donald Trump’s history with casinos was brought up more than once. Among several items of business at yesterday’s meeting of the Nevada Gaming Commission came the approval of regulation changes to allow slot-machine makers to begin incorporating skill-based elements into new games, the Las-Vegas Review Journal reports. Source: Pokernews Website

Alice Tilson

July 28, 2015

Gamblers shun stingier slots, casinos say

MOVE aside one-armed bandits. The casino floor is making room for game zones with over-sized popping dice, digital spinning Big Six wheels and virtual roulette with an eye on adding arcade-style video games in the not-so-distant future. AS gamblers appear to be shunning stingier slot machines that don't offer as many payouts, game-makers and casinos are keen on coming up with the next big thing to keep people playing. The changing casino floor will be on full display this week at the industry's premiere trade show, the Global Gaming Expo on the Las Vegas Strip and in properties across Sin City in the coming months. Source: Heraldsun Website

Alice Tilson

July 28, 2015

Theft jeopardises casino model in Macau

For years, shadowy middlemen know as junkets fuelled the growth of the world’s biggest gambling centre, navigating legal restrictions and generating billions of dollars for Sheldon Adelson and Steven Wynn, the US casino tycoons, and their Chinese counterparts. But gambling promoters in Macau now face their biggest challenge after the theft of millions of dollars from Dore Entertainment, a casino promoter. The theft shook investor confidence and prompted street protests at a time when the corruption crackdown and economic slowdown in China were already hitting the territory hard. Source: Ft Website

Alice Tilson

July 28, 2015

CAESARS DEALT BLOW AS JUDGE RULES JUNIOR CREDITOR LAWSUITS CAN PROCEED

Casino operator Caesars Entertainment Corp (CEC) was dealt a blow on Thursday as a federal judge ruled that creditor lawsuits against the company could proceed while CEC’s main unit is in bankruptcy proceedings. The day started on a positive note, as CEC announced it had filed an amended restructuring plan designed to rescue its bankrupt main unit, Caesars Entertainment Operating Co (CEOC). But that narrative was spoiled when US District Court Judge Robert Gettleman upheld an earlier ruling that said lawsuits brought against CEC by junior creditors in New York and Delaware courts could proceed – a fate CEC had desperately hoped to avoid. Source: Calvinayre Website

Alice Tilson

July 28, 2015

CHEROKEE ROLL THE DICE ON NEW CASINO

Sounds overwhelm the senses: a multitude of excited voices, background music, the clanging of bells, and the ringing, beeping cacophony that signals a run of luck for somebody. In an atmosphere closed and darkened and tinged with cigarette smoke, the undercurrents of energy and excitement are almost touchable. The pace of life in and around Murphy, North Carolina, had quickened. Harrah’s Cherokee Valley River Casino and Hotel officially opened Monday (September 28) at a low-mountaintop site on 90 acres of tribal trust land just east of the little county-seat town of 1,618 souls. The response was so overwhelming that by 1:30 p.m. traffic was backed up for miles along the four-lane U.S. 19-74-129. Because cloudy skies threatened and crowds were building, Harrah’s officials cut the ribbon 45 minutes early, said Brooks Robinson. He’s not the former Baltimore Orioles third baseman (“although I’ve played some third base in my time,” he said). Source: Dailyyonder Website