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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: GTECH
Priced to move
In an effort to reduce leverage from its takeover by Gtech, manufacturer International Game Technology is putting its Las Vegas headquarters on the market. Act fast: You can still get this 33-acre facility at “a significant discount.”
Paradox in Maryland; Otter saves “instant racing”
While its competitors dealt with a variety of revenue declines, despite posting a record amount of revenue, Horseshoe Baltimore was up in March, grossing a best-yet $25 million. On a statewide basis, revenue was 17% higher last month. However, casinos … Continue reading
Posted in Cordish Co., GTECH, Harrah's, Horseracing, Idaho, IGT, Maryland, Penn National, Racinos, Regulation, Reno, Tribal, World Series of Poker
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Caesars quits Ohio; Adelson’s Iran problem
Caesars Entertainment‘s portfolio is lighter to the tune of two Ohio casinos and a racino. The beleaguered company sold its 20% in Horseshoe Cleveland, Horseshoe Cincinnati and ThistleDown Racino to majority shareholder Rock Ohio Ventures, giving Dan Gilbert full control … Continue reading
Posted in Dan Gilbert, GTECH, Hard Rock Hotel, Harrah's, IGT, International, Kentucky, Maryland, Ohio, Racinos, Regulation, Sheldon Adelson, Technology, Warner Gaming
2 Comments
Death throes at Trump Taj; Casino clash in Maine
Even with a $5 million cash infusion from rich uncle Carl Icahn, that didn’t stop Trump Taj Mahal from going into Death Spiral Mode. Its greatest asset, its new(ish) hotel tower, has been closed and the casino will no longer … Continue reading
Posted in Atlantic City, GTECH, Horseracing, IGT, International, Lawrence Ho, Maine, Melco Crown Entertainment, Penn National, Politics, Tribal, Trump Entertainment Resorts
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Linking to The Linq; Tribal Internet push
After an unhappy interregnum as The Quad, the former Imperial Palace officially becomes The Linq today. (What was up with that Quad nonsense anyway?) It might as well be called “The Millennial,” given the number of amenities targeted to that … Continue reading
Posted in California, Dining, Donald Trump, Environment, GTECH, Harrah's, IGT, Internet gambling, Technology, The Strip, Tribal
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When titans wed; Cupidity at Revel
Just when you thought the manufacturing sector had engaged in enough consolidation that it would take a pause to pay down debt (or at least burp) comes a mega-consolidation. International Game Technology‘s two biggest rivals will become one. Ronald Perelman‘s … Continue reading
Posted in Atlantic City, Bally Technologies, Cretins, GTECH, IGT, Regulation, Revel, Shuffle Master, Wall Street, WMS Industries
1 Comment
Take my casino, please; Nail-biter in Iowa
Rather than accept three potential casino closings as a fait accompli, Unite-Here is out beating the bushes for potential buyers. Given, the casinos aren’t Unite-Here’s to sell but there’s no law that says the union can’t play matchmaker. “We want the world … Continue reading
Goodbye IGT, hello Gtech
Early this morning, International Game Technology announced it had been acquired by Gtech, an Italian company specializing in lotteries. The terms of the deal include the assumption of $1.7 billion in debt and the payment of $4.7 billion in cash. … Continue reading
Posted in Bally Technologies, Current, Economy, GTECH, IGT, Scientific Games, Shuffle Master, Wall Street, WMS Industries
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