Boyd Gaming Chief reported its second-quarter earnings Tuesday. The company operates locals properties the Orleans, Gold Coast, Suncoast and Sam’s Town, downtown’s Main Street Station, California and Fremont and a total of 22 casinos in eight states. Boyd showed slight revenue increases in its locals and downtown Las Vegas properties, while cash flow improved in the locals properties by 12.1 percent from a year ago and was up for a second straight quarter. The company said new slot marketing initiatives drove locals revenue. For downtown Las Vegas, cash flow grew by 14.7 percent as the company benefited from increased visitor…

From Business Week – South Korea’s Incheon city said Thursday a $290 billion plan to transform a fishing village into a rival to the Chinese gambling enclave of Macau has collapsed. Incheon Free Economic Zone official Jung Mi-hyun said luxury hotel operator Kempinski AG, a key member of the development consortium, failed to raise a promised $40 million by the end of July. Kempinski’s Korean unit KI Corp. is the largest shareholder in the consortium, Eightcity Co. Korean Air Lines Co. is the second-largest. According to Incheon city, Kempinski agreed in May to the $40 million investment and to pay…

A Texas gambling mogul has just sealed the deal to open a new Golden Nugget Hotel and Casino in Louisiana. Galveston native TiIlman Fertitta wants another bite of the estimated $2.5 billion Texans spend on gambling, which now goes out of state. He also wants a casino one day in Texas, but only under certain conditions. Even though gambling in Texas is illegal, polls repeatedly show there is strong public support for at least limited amounts of gaming. Texas Senator John Carona introduced a bill that would have put the issue before voters this November, but he pulled it from…

From Reuters – Macau’s gambling revenues defied China’s economic slowdown and rose 20 percent in July year-on-year, boosted by an increase in the number of Chinese visitors to the country’s only legal casino gambling hub as well as the size of their bets. July’s 29.5 billion patacas ($3.7 billion) revenue was the third strongest figure this year, according to government data released on Thursday, as more middle-class gamblers visited Macau, eclipsing the growth in the number of high-rollers. Analysts had forecast July growth in the world’s biggest gambling market to rise between 18-21 percent. The slowdown in China’s economic growth…

From The Age – Construction giant Leighton has snared a $2.8 billion contract to build a new luxury casino in Macau. Leighton’s Asian division will build the 450,000 square metre resort and hotel after sealing a deal with Wynn Resorts, which owns casinos in Las Vegas and Macau. The resort will be built on the Cotai Strip in the international gambling destination. Leighton chief executive Hamish Tyrwhitt said the project was part of a broader plan to continue to grow the company’s presence in Asia. The deal is the largest ever scored by the group’s Asian division. Construction is due…

An increase of Tribal Gaming revenue in the U.S. showed an increase in 2012, which may not be good news for online poker legislative efforts in several states. A recent report released by the National Indian Gaming Commission reveals that revenue generated last year by land-based tribal gaming operations reached an all-time high of $27.9 billion. That statistic marks three straight years of growth for tribal concerns following a decline brought on by a slumping economy in 2008. While an increase in gross gaming revenues would normally be a reason for rejoicing, those hoping to see online poker and gambling…