Press Release – The California Tribal Business Alliance (CTBA) is opposed to the Southeast Arizona Land Exchange and Conservation Act of 2013, H.R. 687.  H.R. 687 would authorize a land swap in Arizona between the federal government and the Resolution Copper mining company in order to facilitate the extraction of mineral resources from government lands. CTBA recognizes that there are a number of significant fiscal and public policy implications surrounding the legislation.  The legislation and ultimate land swap will result in economic stimulus and the extraction and use of valuable ore.  However, it does so at a cost.  The legislation…

Vegas Inc – Saturation has arrived in the gaming industry and except for a few outposts — namely the state of Texas — there aren’t many places in the United States where a player can’t drive three hours or less to get to a casino, a panel of gaming industry executives concluded in a wide-ranging panel on industry issues. “New England is saturated,” said Penn National Gaming President Tim Wilmott. “The market is crowded in Ohio. It’s a little underserved in Florida.” So what does that mean for companies in the business? Panelists said it means growth will occur by…

Scotland has about 31,000 problem gamblers while nearly three-quarters of the population have placed a bet in the past year, according to the findings from the Scottish Health Survey. The Herald Scottish newspaper reported that 74% of men and 67% of women gambled during 2012, while 0.7% of adults have been identified as problem gamblers. A further 3% of adults were classed as being at “low risk” of harm from gambling, while 1% were a moderate risk. The survey discovered that one in 12 Scottish adults have participated in online gambling during the last 12 months – with men three…

Las Vegas mogul Steve Wynn’s Wynn Macau casino is suing a Chinese tycoon for HK$14 million ($1.81 million) in gambling debts, the latest case of a casino in the world’s biggest gaming hub using the courts to go after its money. According to a writ filed in Hong Kong’s High Court this week, the casino is seeking to get the money from tycoon Li Jun who owns Beijing-based autos to property company Abest Group. Macau, on China’s southern coastline, is the only place in the country where people are allowed to gamble in casinos. But recovering gambling debts on the…

Press of Atlantic city – Barely a week on the job, the new chief executive of Harrah’s Resort is sounding a new theme for the Atlantic City casinos: Let’s put aside the old rivalries and work together to boost the local economy. With competition from gambling markets in surrounding states growing even more intense, the city’s casinos simply can’t afford to act independently anymore, Rick Mazer said. “We really need to start looking at it from a citywide perspective, not just isolated to our individual boxes,” Mazer told the Atlantic City Hotel & Lodging Association on Tuesday. Mazer, in his…

Las Vegas Review-Journal – Slot machine giant International Game Technology announced a deal Tuesday to replace 7,000 video poker machines at casinos nationwide that are operated by Caesars Entertainment Corp. Financial terms were not disclosed but IGT said the deal was part of the largest gaming re-investment Caesars has made in 10 years. The announcement was made on the opening morning of the Global Gaming Expo in Las Vegas. In a note to investors, Union Gaming Group Managing Director Bill Lerner said the deal could be worth as much 6 cents to 7 cents in annual earnings per share to…