The Times Herald – Many within the America Indian community are warning Bay Mills to “Stay away from the U.S. Supreme Court.” They fear Bay Mills’ fight to reopen its Vanderbilt gambling facility is a loser for all Indians. In 2011, 240 tribes operated 460 gaming facilities throughout America. To some degree, they all are exposed to the risk presented by Bay Mills’ legal play. A year ago, the Sixth Circuit U.S. Court of Appeals ruled that federal Judge Paul Maloney did not have the authority to close Bay Mills Vanderbilt casino. When Michigan Attorney General Bill Schuette appealed the…

Trefis – Wynn Resorts (NASDAQ:WYNN) recently applied for an online gambling license in the state of New Jersey, which legalized online gambling in February this year. [1] Online gambling accounts for only 3.3% of overall gambling profits in the U.S. and can offer tremendous growth for the operators in the coming years. In the recent quarterly earnings, the company saw muted growth in Macau while its domestic operations surged 16%, including some signs of recovery on the Las Vegas Strip. (Read – Wynn Q2 2013 Numbers Disappoint As Growth In Macau Stalls) While we continue to believe in the Macau…

Gaming Tech Law – The Italian gaming market has suffered a period of high tension today when the Italian Parliament has approved a motion instructing the Goverment to urgently ban for 12 months both online gaming and land-based gaming systems located in public places (i.e. AWP and VLTs). However, the Ministry of Finance immediately issued a statement declaring that such motion is inapplicable and would create catastrophic consequences in terms of claims from operators, massive loss in tax entries and fostering of the gambling black market. While the political party named Lega Nord is celebrating for the victory of their…

Gaming industry analysts continue to have high expectations for The Cosmopolitan of Las Vegas. The multibillion-dollar resort was hailed as the next generation of Las Vegas hotel-casino when it opened Dec. 15, 2010, with singer/songwriter Mayer Hawthorne throwing a nine on a craps table. The hotel-casino, now in business for 10 full financial quarters, is still operating in the red, although the property’s recent EBITDA, earnings before interest, taxes, depreciation and amortization figures point toward profitability, analysts say. “I’m happy with where we are,” Cosmopolitan CEO John Unwin said. “I’m never as happy as I want to be. But our…

Bloomberg – Landry’s Inc., owner of the Golden Nugget casinos, hired Thomas Winter, a former head of Gibraltar-based gaming website Betclic Ltd., to run its online business as the company prepares to start service this year. Recruiting Winter, 39, will advance Houston-based Landry’s plan to introduce Internet betting in New Jersey and Nevada as early as this year, Steve Scheinthal, executive vice president and general counsel for the firm, said in an interview. U.S. casino operators are tapping European executives to draw on their expertise in an industry that is legally established in 10 countries. Online gambling generated almost $13.8…

Sponsored Story from Wager Web – People have been betting on thoroughbred horse racing for centuries (they don’t call it “the sport of kings” for nothing), but in today’s age, it really doesn’t move the needle as far as mainstream coverage goes. Outside of the Triple Crown races (the Kentucky Derby, the Preakness Stakes and the Belmont Stakes) and possibly the Breeders’ Cup meet, horse racing doesn’t usually earn a spot on the frontpage of mainstream sports outlets. But one is trying to change that and it could also net a few new players. Fox Sports 1 is really making…