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Written by William Spain
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Monday, 16 June 2008 |
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That cut was far higher than anticipated, McGill noted, as "previously, we believed that the capacity [cuts] coming out of Las Vegas could be 12% across the entire industry." But now, "it is quite possible it could eventually be greater than a 15% capacity reduction into Las Vegas." Rather than capacity cuts, which can be offset by increased loads, more flights by discounters and other factors, Deutsche Bank analyst Bill Lerner wrote in a recent note that "the real issue could be the related inflation in airline ticket prices' impact on spend per visit in the resort corridor." |
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Written by Chris Oliver
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Wednesday, 04 June 2008 |
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HONG KONG -- A development group planning to build a 5,000-room hotel and skyscraper on the Las Vegas Strip has scrapped the project, owing to difficult credit- market conditions, according to one of the partners in the joint venture Wednesday. |
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Written by Simon Kennedy
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Thursday, 29 May 2008 |
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Online gambling firm scales-back reliance on Turkish operations New York -- U.K. online gambling group Sportingbet said Thursday that two of its employees and a number of other people linked to its business have been detained in Turkey, nearly two years after its then-chairman was arrested in the U.S. The company said it hasn't been told what's going on by Turkish authorities, but noted those held include two of its U.K.-based staff, who are Turkish nationals and were in the country on holiday. |
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Written by Michelle Bush
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Thursday, 01 May 2008 |
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 Minnesota based Lakes Entertainment has its sights set on the State of Ohio, where it hopes to open the first casino in the history of the State. Lyle Berman, the CEO of Lakes Entertainment, has a favorable outlook at expects the passage of legislation that will allow his company to operate the Ohio casino.
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Written by Jerry Garner
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Sunday, 27 April 2008 |
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 A rare discovery in Mississippi should have been a source of joy and celebrations. Instead, the event turned the world of casino chip collecting on end, as a treasure trove of defunct Playboy Casino Gaming Chips turned into a cash grab that sent prices plummeting.
Even though the core aspect of the story would occur later, the event first took place on April 14. Ironically, this would have been the anniversary of the date that the doors first opened at the Playboy Casino in Atlantic City, at least if it had not gone out of business. Instead, it was just another day in the small town of Hernando, Mississippi, a sleepy little town more than 1,000 miles from the bright lights of Atlantic City. |
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Written by Jerry Garner
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Saturday, 15 March 2008 |
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 Abbott Says the Tiguas are in Contempt of Court
Six years after a Federal Court put an end to the gambling operations on their Texas reservation, the Tigua tribe is once again at the center of gambling related controversy. Texas Attorney General Greg Abbott has accused the Tigua tribe of ignoring the 2001 court injunction by continuing to offer illegal gambling, and has asked that tribal leaders be held in Contempt of Court. |
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Written by Robert Arbizo
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Monday, 25 February 2008 |
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 Uganda Is The Second African Nation To Legalize Sports Betting
Like most of Africa, sports betting was traditionally illegal in Uganda until recently. After South Africa legalized recreational sports betting, Uganda followed in their footsteps, and now it is easier than ever to bet on sports from almost anywhere in the Capital city of Kampala, as long as that sport is soccer. |
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Written by Rob Peters
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Friday, 22 February 2008 |
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 Possible competition from casinos in Sugar Creek and in Kansas prompted Ameristar Casinos Inc. officials to scrap plans for an expansion at its Kansas City property that would have cost at least $100 million, a company spokeswoman said Friday.
"We think the Kansas City market is a terrific market, and we're still committed to it," Ameristar spokeswoman Karen Lynn said from the company's headquarters in Las Vegas. "It doesn't mean in the future we won't consider expansion in the Kansas City market." |
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Written by Ed Duggan
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Tuesday, 05 February 2008 |
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 The stock of the parent companies of three local gambling venues - Miami Jai-Alai, Calder Race Course and the Isle Casino & Racing at Pompano Park - sprung to life last week after voters approved Class III, Vegas-style slot machines in Miami-Dade County. They each broke long-term downtrends.
A 2004 statewide referendum that approved slots gave automatic approval to three Miami-Dade pari-mutuel wagering facilities if and when there was local referendum approval. |
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Written by Robert Arbizo
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Wednesday, 12 December 2007 |
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 Binions Gambling Hall To Be Sold By February
Executives at MTR Gaming Group are expecting a smooth sale of Binions Gambling Hall in Las Vegas, Nevada. The company is selling the property, previously known as the Horseshoe, so that it can concentrate it’s efforts on other gambling properties and horse tracks that it owns in a number of states. |
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