Bloomberg – Scientific Games Corp. (SGMS), the slot machine supplier controlled by billionaire Ronald Perelman, appointed former SHFL Entertainment Inc. Chief Executive Officer Gavin Isaacs as its CEO today. Isaacs replaces David Kennedy, who had held the position since November, the New York-based company said in a statement today. Kennedy will remain at Scientific Games as executive vice chairman. Isaacs, 49, takes over as the gambling device industry faces weak consumer spending, casino gluts in some markets and consolidation. SHFL, a Las Vegas-based maker of shuffling machines and gaming equipment, was bought last year by rival Bally Technologies Inc. (BYI)…

Hellenic Gaming Commission Executive President, Evgenios Giannakopoulos, stated that the amount of money gained from illegal Greek gambling exceeds the amount of money made from the country’s legal market. The Greek legal gaming market’s profits has shown a decline of about 35 percent from 2009 to 2013, dropping from 8.7 billion euros to 5.5 billions respectively. A decline was also recorded in gross profits where 1.5 billion euros were made in 2013 compared to 2.5 billion in 2009. Official data released by the Greek Commission for the Supervision and Control of Games (EEEP) has shown that profits from 60,000 to…

Star Gazette – That hopeful moment in a bingo game when you are just one number away from winning is called the waiting. Rosa Pipher, of Endicott, was waiting on G-50. The number glowed on the video monitor at the Endicott Elks Lodge 1977 weekly Monday night game. She was just three syllables away from calling out bingo and collecting her winnings. “Bingo!” a woman’s voice calls out behind Pipher, apparently winning on the number before G-50. Pipher is not the only one to groan among the dozens of players, their bingo cards taped together for maximum ink-stamping efficiency. “Bingo…

Biz Journals – The latest ruling in the ongoing battle of the legality of a casino in downtown Buffalo was made but resolution of the eight-year-old case doesn’t seem any closer. A motion made by the National Indian Gaming Commission to intervene and be a party to the lawsuit by Citizens Against Casino Gambling in Erie County was denied May 28 by the U.S. Court of Appeals, Second Circuit. The commission, however, was granted the ability to file amicus curiae brief, which can be presented by an entity interested in influencing the outcome of a lawsuit but who is not…

Wall Street Journal – From the outside, there doesn’t appear to be anything special about Ren Ningning’s farm southeast of Beijing, tucked among plots of lotus root and other crops. But once beyond the redbrick wall and locked iron gate, a visitor enters into a rich man’s fantasy land—a sprawling, 100-acre equestrian estate with row after row of stables and some of the priciest horses in China. There is a clubhouse filled with racing paraphernalia: saddles emblazoned with Chinese flags, medals and trophies from past victories, and an odd enormous floor lamp—in the shape of a horse, of course. Outside, there’s space for…

Maryland casino revenue climbed nearly 10 percent in May , with the bulk of gaming coming from Maryland Live Casino. The state’s four casinos brought in $75.8 million during the month, up $6.6 million from $69.2 million in May 2012. Maryland Live, the state’s largest casino, generated $59.5 million, up 8.1 percent from $4.5 million a year before. The casino operates 4,204 slot machines and 189 table games. Hollywood Casino Perryville’s revenue dropped 8.7 percent, or $748,272, to $7.8 million in May. The casino operates 1,158 slot machines and 22 table games. Casino at Ocean Downs brought in $4.7 million,…