Golden Nugget Hires former head of Betclic

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…

Can Horse Betting Go Mainstream?

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…

Intralot secures renewal of South Korea lottery licence

The Nanum Lotto consortium, which includes gaming technology supplier Intralot, has been awarded an extended licence to operate South Korea’s national lottery for the next five years. The Korea Lottery Commission awarded the licence to the consortium, which has been exclusively operating the country’s national lottery since 2007. Under the new licence, Nanum Lotto will be responsible for operating the country’s online and instant products as well as the electronic lottery, with a new “localised” lottery system to be launched in December. Intralot will provide system operations, monitoring services, consulting services related to online and instant products, and technological support….

Vegas Revenue Recovery Elusive As Macau Thrive

Las Vegas revenue from casino gaming recovery remains elusive, while Chinese gambling enclave Macau continues to grow rapidly. July gambling revenue in Nevada totaled $926 million, down 8% from a year ago, state officials said. On the Las Vegas Strip, the take was down 14.4% to $522 million, and downtown Vegas revenue slipped 9.7% to $40 million. RBC Capital Markets said in a client note the shortfall in Vegas was primarily due to reduced baccarat play by high-roller VIP gamblers and a lower percentage win by casinos on The Strip. “However, results were actually weaker than reported, as slot volumes…

U.S. Feds Warn Casino Operators

Patch.com – Las Vegas got a $47 million wakeup call Monday night from the U.S. Attorney’s Office, and today local casinos got this message from the feds: “What happens in Vegas no longer stays in Vegas,” said U.S. Attorney André Birotte Jr. “All companies, especially casinos, are now on notice that America’s anti-money laundering laws apply to all people and every corporation, even if that company risks losing its most profitable customer.” The stern warning follows news that the Las Vegas Sands Corp., which operates the Venetian-Palazzo hotel complex in Las Vegas, has agreed to return $47,400,300 to conclude an…

Golden Nugget owners selling Atlantic City casino?

Press of Atlantic City – The parent company of Golden Nugget Atlantic City may possibly sell the casino or its Internet gambling rights after struggling with some “less than stellar results” in a slumping market. Despite a $150 million renovation last year that transformed a formerly drab property into a glitzier casino, Golden Nugget has continued to lose money under the ownership of Houston-based Landry’s Inc. Landry’s, the restaurant, entertainment and casino conglomerate controlled by Texas billionaire Tilman Fertitta, says it has been approached by the investment bank Houlihan Lokey to consider selling Golden Nugget or its Internet gambling rights…