US overhauls process for recognizing Tribes, concerns of new casino rush

Washington Post – His tribe once controlled huge swaths of what is now New York and Connecticut, but the shrunken reservation presided over by Alan Russell today hosts little more than four mostly dilapidated homes and a pair of rattlesnake dens. The Schaghticoke Indian Tribe leader believes its fortunes may soon be improving. As the U.S. Interior Department overhauls its rules for recognizing American Indian tribes, a nod from the federal government appears within reach, potentially bolstering its claims to surrounding land and opening the door to a tribal-owned casino. “It’s the future generations we’re fighting for,” Russell said. The…

New Jersey casino bets on strippers

NBC – What if, after seven years of plunging casino revenues and fleeing customers, Atlantic City’s real problem was this: People are wearing too much clothing? Scores, the famous New York strip club, will open a satellite establishment inside the Trump Taj Mahal Casino Resort next month — the first strip club in an Atlantic City casino in the 35 years of legal gambling at the New Jersey shore resort. It will be the most audacious adult offering in an Atlantic City casino, though it’s not the first: Revel has offered the Royal Jelly burlesque show since it opened, the…

Opposition Coalition in Australia pledges to replace regulator

iGaming Business – The opposition Coalition in Australia has vowed to abolish the country’s national gambling regulator and replace it with an industry advisory council, if the alliance of parties wins the federal government election on September 7. The advisory council would comprise club and gaming venue operators who would meet quarterly, while the Coalition would hand responsibility for problem gambling support services to the states and would ban the extension of credit to online gamblers. The Coalition said that it supported a “national voluntary pre-commitment program for electronic gaming machines” but accused the ruling Labor party of failing to…

Judge Approves Demolition of Las Vegas Strip hotel

A judge has granted permission for owners of the CityCenter development to demolish a flawed, half-built Las Vegas Strip hotel tower on the Strip after developers completed a fourth round of testing on the building. Clark County District Judge Elizabeth Gonzalez approved CityCenter’s motion Friday, clearing the way for owners MGM Resorts International and Dubai World to raze the Harmon Hotel tower. CityCenter officials said they would immediately start planning for the demolition, which could happen within a year. The Harmon was supposed to be a 48-story Las Vegas Strip hotel, and a part of the glittery $8.5 billion CityCenter…

Atlantic City battles to end a losing streak

Daily Herald – The billboard hard by the Atlantic City Expressway is supposed to speak for a single casino, not an entire company town. But Revel Casino Resort’s marketing slogan resonates loudly throughout this struggling seaside resort. “Gamblers Wanted,” it says. And how. Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now,…

Brisbane casino should attract foreign gamblers

Bloomberg – Echo Entertainment Group Ltd. (EGP), facing a challenge to its exclusive Sydney casino license from billionaire James Packer’s Crown Ltd., wants a bigger site in Queensland’s state capital to target Asian gamblers. Echo’s existing casinos in the state, in Brisbane, the Gold Coast and Townsville, are too small to attract overseas tourists, Chief Executive Officer John Redmond said in a phone interview yesterday. Echo is in talks with Queensland’s government about the Brisbane relocation, and the plan is a key priority for the year to June, it said in a presentation. Both Packer and Redmond are banking on…

Atlantic City earnings down nearly 45%

North Jersey – Atlantic City’s 12 casinos saw their collective earnings fall by nearly 45 percent in the second quarter of 2013, state regulators said Thursday. According to figures released by the state Division of Gaming Enforcement, the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year. The biggest gain was posted by the Tropicana Casino and Resort, whose quarterly profits were up nearly 28 percent to $12.6 million. Caesars Atlantic City had a quarterly profit of $24.2 million, up 17.4 percent from last year’s second-quarter…

Las Vegas Building World’s Largest Observation Wheel

Will Las Vegas build the world’s largest observation wheel? The Strip is in the middle of a huge makeover of part of its world-famous stretch of urban neon. The project in question is the land that Caesars Entertainment is transforming into The Linq –  once just a back alleyway and a large parking garage, soon to become Las Vegas first pedestrian-only, open-air retail, dining and entertainment district. The new urban space will be crowned with the world’s largest observation wheel, an adroit feat of symmetrical technological and engineering design. Construction on the Linq started in November 2011. To create the…