Category: Land Based Gaming and Casinos
Slots machines: Appealing to patrons with art design
Las Vegas Review-Journal – Catch a glimpse of it in a crowded casino and Bally Technologies’ “Michael Jackson Wanna Be Startin’ Somethin’ ” slot machine is striking. It’s tall and housed in a sleek black case, with stereo speakers placed in the connected high-backed player’s chair and classic video of the late pop star playing on high-resolution screens. Impressive. Now take a look at that same slot machine in the uncrowded lobby of Bally Technologies’ Las Vegas headquarters. There, amid comparatively uncluttered surroundings where the lights and the sounds of the casino are absent and the giant machine can breathe,…
Caesars Eyes International Market with Boston Casino
Caesars Entertainment proposed Boston casino would draw elite international gamblers in the same way Las Vegas does, and marks one of the U.S. gaming industry’s best cash-making opportunities, CEO Gary Loveman said on Friday. The company, which is pursuing an aggressive expansion agenda in the United States while wrestling with a mountainous debt burden of over $20 billion, is among a handful of major casino operators vying for licenses in Massachusetts. The State Gaming Commission expects to begin awarding the three available licenses by April 2014. “We think Boston is one of the best opportunities in the United States,” Loveman…
Racing UK launches ‘pay per day’ offering
iGaming Business – Horse racing pay-television channel Racing UK has launched a pay per day service on UK digital-terrestrial television service Freeview. Racing UK Pay Per Day will be available to Freeview customers, providing 24-hour access to the channel’s programming at a cost of £4.99 ($7.95/€5.95), with no contract, set-up costs or installation fees. The service is targeting racing fans who pinpoint specific race days. It commences with today’s opening day of the Cambridgeshire meeting, an event exclusive to Racing UK and one of more than 650 live meetings it carries per year. Clive Cottrell, director of marketing at Racing…
Tatts to look again at Queensland racing deal
iGaming Business – Australian lottery and gambling company Tatts Group is re-examining a deal to pay to race information against the backdrop of an inquiry by the Queensland State Government. The financial agreement between Racing Queensland Limited and Tatts has been the focus of the Queensland Racing Inquiry, which resumed on Monday morning. According to the Courier Mail newspaper, RQL has already presented an invoice to Tatts management for more than AUS$100 million (€69 million/$93.3 million), but the matter is likely to end up in court. Counsel Assisting, James Bell, QC, said that the existing deal allows Tatts to offset…
Macau Gambling Mogul Seeks Casino in Japan
Bloomberg – , son of Macau gambling tycoon Stanley Ho, plans to invest more than $5 billion in Japan if Melco Crown Entertainment Ltd. (MPEL) receives permission to build a casino there as he sees constraints on development at home. Ho’s maneuver to build projects in the world’s third-largest economy is part of his strategy to expand overseas for future growth, as government policies, limited land and a labor shortage in Macau could eventually restrict gaming development. “We still have the most eggs in the Macau basket,” Ho, co-chairman of Melco Crown, said in an interview in Tokyo on Sept….
Caesars Moves to Dump Debt
Caesars Entertainment Corporation announced that it will make available 10 million shares of common stock in an effort to get rid of some of its debt. According to the Las Vegas Review-Journal, the move could retire $4 billion of debt that is due later this year. It has $23.5 billion in long-term debt, which is the most in the casino-gambling industry. There reportedly was speculation that bankruptcy protection was a possibly in the company’s future if something wasn’t done to retire some of the debt. Caesars, one of the largest casino firms in the world, has brick-and-mortar properties all over…
















