Category: Land Based Gaming and Casinos
Deck of Dice combines two casino games into something new
Venture Beat – Deck of Dice, a startup with a product of the same name, has a clever idea. It puts an entire deck of 54 playing cards (jokers included) on a set of nine six-sided dice. So it’s like combining dice and playing cards in a new kind of game. If it plays its cards right, or maybe gets a lucky dice roll, it could create a brand new entry among the 100-year-old casino games that collectively make up a $391 billion gambling business worldwide. It’s a potentially disruptive idea, and could lead to the creation of multiple games…
Online gaming ban could affect tribal casinos
The Internet has changed lives in a number of meaningful ways. It has unleashed a great transformation that has allowed access to information and services through a swipe or a click. Over 85 percent of Americans use the Internet and there are over 900 million users of social media around the world on any given day. As the Internet continues to fuel innovation for American consumers, Tribal governments are rightly pursuing all online opportunities as instruments for economic growth. When Congress passed the Indian Gaming Regulatory Act (IGRA) in 1988 Federal laws governing gaming on Tribal lands did not exist….
Indiana Might Study Expanded Gambling
Card Player – The state of Indiana may take a look at its gambling industry this summer with an official legislative study committee, the Associated Press reported. The report said that casino tax revenue has dropped from nearly $876 million in 2009 to about $752 million in fiscal 2013. That decline has been partially due to Indiana’s three casinos near Cincinnati experiencing diminishing revenue since a casino opened in Cincinnati last year. Final decisions on the committee reportedly will come later this month. In addition to Cincinnati, Ohio has put casinos in Cleveland, Toledo and Columbus. Illinois—Indiana’s neighbor to the…
Genting details new Las Vegas resort plans
iGaming Business – Malaysian conglomerate Genting Group has unveiled plans for a multi-phased opening of its new Resorts World Las Vegas facility in the US state of Nevada. Genting, which presented the plans to the Nevada Gaming Control Board last week, said the new resort would create “tens of thousands” of jobs and generate “hundreds of millions of dollars” in tax revenue for Southern Nevada. The site will feature 3,500 gaming positions, 3,000 rooms and a number of food and beverage outlets. Construction work on the new resort, which will be located on the site of the old Stardust resort…
New Regulation Clarifies Duties of Spanish Gaming Operators
New Anti-Money Laundering rules were approved by regulators for Spanish gaming on May 5 to clarify many issues and duties of licensed Spanish gaming and lottery operators. Going forward, gaming and lottery operators will be obliged to verify the player’s identity for any prize or winnings worth €2,500 or more. To further complicate matters, the €2,500 quota can be related to one event or also a series of connected events. At this point in time, however, the definition of how connected events are isn’t clear yet and will be treated on a case by case basis. Spanish gaming betting products…
Philippines cuts fees for casino licenses
Inquirer – The state-run Philippine Amusement & Gaming Corp. has struck a deal with gaming operators to cut license fees by 10-percent of gross gaming revenues to neutralize the burden arising from a controversial judicial ruling that changes the gaming tax regime. The reduction in license fee as a percentage of gross gaming revenues from both high-roller VIP (very important person) and mass markets was intended to “make whole” the gaming operators after a Supreme Court order that removed Pagcor’s tax exempt status. As a consequence, the tax regime changes for all private licensees as well. Instead of paying the…

















