Two companies, Z4Poker and MGM Interactive, ask regulators to extend the activation of their licenses a 14th time so that they can enter a lackluster market.
Business Columns
Although the LVCVA’s deal with Chilean billionaire Claudio Fischer is dead, the critical two-year Convention Center renovation is alive — and it gets $7 million to boot.
Rep. John Mizuno’s bill would impose a 55 percent tax on sports bets, but it’s unclear if the tax would be imposed on players or on sportsbook providers.
When a local blogger posted a rumor that The Mirage was going to close, it hurt rank-and-file employees who depend on tips and gave social media a black eye.
The Las Vegas Monorail Co. still has a ways to go before it can be considered a functional transportation system and the planned station near the Sphere is a first step.
It’s a little puzzling why the meetings and convention industry chooses blue as its theme color. Clearly, it should be green. As in the color of money.
Australia-based Aristocrat Leisure Ltd. wasn’t left behind by the tsunami that engulfed the slot machine industry over the past 20 months — you just might not have noticed.
If we didn’t know better, one might believe the Chinese government is trying to sabotage Macau’s already sinking gaming market. Nine straight months of casino revenue declines, including a record 49 percent drop in February, are attributable to a government imposed crackdown on corruption. Apparently, more government restrictions are on the way.
Internet gambling supporters rejoiced when the Justice Department changed its opinion on the Federal Wire Act and opened the doors for online wagering expansion across the United States.
The American Gaming Association is expanding both in membership and influence. Last week, the AGA announced it added nine new members, including Seminole Hard Rock Gaming — the group’s first American Indian-owned casino company — and the Las Vegas Convention and Visitors Authority.
When he appears at the Nevada Gaming Commission Thursday, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license.
The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates.
Anytime the investment community gets downwind of a potential hiccup in the Macau gaming market, a slash-and-burn mentality sets in.
The ink was hardly dry on lottery giant Scientific Games Corp.’s $1.5 billion buyout of slot machine manufacturer WMS Industries when the corporate management team was shaken up with a new CEO and chairman in November. An even larger transition could come later this year.
Much has been speculated about the business model for SLS Las Vegas.
