Atlantic Club closes after years of decline

Press of Atlantic City – When Atlantic Club Casino Hotel closes its doors Monday morning, it will mark only the third time in the city’s history that a casino has shut down. But unlike the gambling halls that have closed before it — shuttered amid unfulfilled promises of bigger and grander operations to replace what had failed — this time, experts say, the closing comes with uncertainty for the property’s future and what might come next for Atlantic City. Politicians, officials and analysts called Atlantic Club’s closing inevitable; the casino has struggled for years, and it only recently gained ground…

Bet on Las Vegas Sands and Melco Crown in Japan

Daily Finance – Following the footsteps of Macau, Singapore, and the Philippines, Japan appears poised to clear away regulatory barriers and allow legalized gambling in casinos. Analysts at Citi believe that Japan could become the second-largest gambling venue in Asia after Macau. Japan could generate gross gaming revenue of $13.4 to $15 billion annually. The topic of opening a casino in Singapore can be traced back to 2005 when key legislation and administrative infrastructure were put in place. Five years later two integrated casino resorts opened their doors, Las Vegas Sands ‘ Marina Bay Sands and Resorts World’s Sentosa.  Within…

South Australia Government Agrees To Change Gambling Ads

Kotaku – When ads bearing the slogan ‘gambling starts with games’ started appearing throughout South Australia, there was an uproar amongst the local gaming community. Now, the South Australian government has agreed to adjust its advertising, changing the slogan from ‘Gambling starts with games‘ to ‘Gambling is no game‘. The news comes in response to a letter of complaint sent by Ron Curry of the Interactive Games and Entertainment Association (IGEA). In December Curry asked that the South Australian government remove all copies of the offending image from advertising across the state, and provide a written acknowledgement that there is…

AGA president seeks new, more unified direction going forward

This Week in Gambling – J Todd recently caught up with the new President of the American Gaming Association, Geoff Freeman. The two spoke at the Global Gaming Expo in Las Vegas, Nevada, about the future of the industry and the changing role of the AGA. Among specific topics of discussion was the about face withing the AGA over the past several years from opposition of online gaming to fully embracing the opportunities that technology can offer for gaming. . . Las Vegas Review Journal – The collegiality developed within the gaming industry as casino companies weathered the economic downturn…

Macau’s casino boom propels Hong Kong’s rich list

South China Morning Post – Galaxy Entertainment chairman Lui Che-woo has ridden Macau’s casino boom to become Hong Kong’s second-richest person, according to Forbes magazine. The 84-year-old tycoon saw his net worth rise US$11.5 billion last year, the magazine said in its Forbes Hong Kong Rich list released yesterday. “His new net worth at US$21 billion, against US$9.5 billion previously, catapulted him from the fifth-richest man in Hong Kong last year to second on this year’s list,” it said. Lui more than doubled his wealth for a second year but still trails Asia’s richest person, Li Ka-shing, according to Forbes….

AGA Announces Plans for Global Gaming Expo Japan

There’s the prospect this spring of three major casino conferences in East Asia in the space of a single month. The news emerged after the Washington D.C.-based casino industry lobby group the American Gaming Association and partner Reed Exhibitions said they aim to hold a new event called ‘G2E Japan’ – or Global Gaming Expo Japan – in that country once parliament there passes a bill to legalize casino resorts. That could happen in May. The official website for the pair’s Global Gaming Expo-branded events said they had “partnered with Union Gaming to bring a one-of-a-kind symposium to Japan as…