Category: Land Based Gaming and Casinos
Will New York’s Casino Plan Really Work?
From New York Times As I walked down the main drag in Ellenville, N.Y., a small town about halfway between Manhattan and Albany, I noticed that if you turn your head at the proper angle, at the right time of day, at just the right intersection, the future doesn’t seem so scary. Right where Hermance Street runs into Canal, there’s the Shadowland Theater, a beautifully restored vaudeville house that abuts Aroma Thyme Bistro, which has four stars on Yelp. Off in the distance is the lush Witch’s Hole State Forest and the valley around Rondout Creek. But if you lower…
This Week in Gambling Interviews: Outgoing AGA President Frank Fahrenkopf
From This Week in Gambling – We catch up with Mr. Fahrenkopf, outgoing President of the American Gaming Association, at the iGaming Super Show as he heads for retirement. Take a few moments to hear his thoughts on where the industry is heading over the next several years, and his plans for the future. . WATCH OUR INTERVIEW WITH FORMER AGA PRESIDENT FRANK FAHRENKOPF
Australia is weighing competing Sydney casino proposals
From Sydney Morning Hearld Businessman David Murray is due to hand his final report on competing proposals from casino operators Crown and Echo Entertainment to Premier Barry O’Farrell on Wednesday, only a day before it is considered by cabinet. Each company has produced expert assessments which argue its project is of greater benefit to the state, leaving Mr O’Farrell under pressure to explain his decision, due to be announced on Thursday, on which one to back. On Tuesday a government spokesman said Mr Murray’s report would be released in full, but would not guarantee the same for supporting documents, saying…
Macau gambling revenue up 21 percent
From Reuters Gambling revenue in Macau rose 21.1 percent in June year-on-year, buoyed by a steady flow of wealthy mainland gamblers eager to place their bets in the Chinese controlled casino hub. June revenue stood at 28.3 billion patacas ($3.54 billion), according to government data released on Monday. Analysts had forecast June growth in the world’s biggest gambling market, to be up 18-21 percent. Macau is the only place where Chinese people can legally gamble at casinos in the country. Home to half a million people, Macau depends on high spending VIP gamblers, or ‘whales’, who spend 1 million yuan…
Macau Casino Mogul to Operate New Russian Casino
From Wall Street Journal Macau mogul Lawrence Ho is set to become Russia’s first well-known casino operator, as China’s northern neighbor enters the fray competing for the Asian high rollers who made Macau the world’s gambling capital. A company controlled by Mr. Ho signed an agreement to open a casino on the outskirts of Vladivostok, a person familiar with the deal said. The planned casino-resort in Primorye—a vast eastern region bordering China and Korea—is scheduled to open in the second half of next year. It will be one of the first in Russia after the country in 2009 banned casino…
$11 Million Awarded This Past Weekend from IGT’s Wheel of Fortune slot
From Wall Street Journal International Game Technology (NYSE: IGT) has awarded more than $11.4 million in two days on IGT’s Wheel of Fortune. Brunhilde C. of West Baden Springs, Indiana won a $8,316,562.38 jackpot at Fitz Tunica Casino and Hotel in Tunica, Miss. on Friday, June 28. This casino has been the winner’s ultimate choice for the last 15 years. The new multi-millionaire plans to use her winning to buy a new kitchen or even another house. Seven hours later on Saturday, June 29, Seifu D. of Las Vegas, Nevada won $3,140,171.88 jackpot at Palms Casino Resort just west of…
















