Archive for the 'Technology' Category
“Why would [casinos] put a $1 billion investment when they are going to compete against restricted licensees across the street and in the neighborhood?” — Nevada Assembly Majority Leader William Horne (D), arguing that the continued operation of 80-odd sports-betting kiosks represents a clear and present danger to the Silver State’s economy.
A spiffy makeover and a nostalgia-themed market position aren’t helping the Riviera as customers gravitate back toward higher-priced hotels. A bad neighborhood, while hardly a new phenomenon, isn’t helping. Having Echelon and Fontainebleau as your neighbors is akin to living next to a cemetery and a slum, respectively. “We anticipate that our walk-in traffic will [...]
Hey, if you had an albatross the size of Caesars Entertainment slung around your neck, you’d be understandably subject to skepticism and perhaps even being called out in public, perhaps to the point of getting tetchy about it. That’s the plight of Cleveland Cavaliers owner Dan Gilbert. The latter has his thumb in casino pies [...]
New Jersey Gov. Chris Christie (R) is one lucky fellow. Bankrupt Revel threatened to become an albatross around his neck, thanks to a $261 million tax break that Christie helped push through Trenton. Last week, it turned out that Revel hadn’t drawn down so much as one penny from the Economic Development Authority, whose leader [...]
Stephen Sweeney (D, right), president of the New Jersey state senate, has the honor of having been the first to call for ex-Revel CEO Kevin DeSanctis‘ head on a platter. Garden State regulators moved quickly to put Mohegan Sun veteran Jeffrey Hartmann in DeSanctis’ place, while the latter and colleague Michael Garrity sail away on [...]
This just in … the long-awaited showdown at the International Game Technology shareholder meeting has taken place and seven of the eight incumbents were re-elected, including two heavyweight allies of beleaguered CEO Patti Hart: former Harrah’s Entertainment CEO Phil Satre and former Nevada governor Bob Miller. Only director David Roberson got the boot, with Ader [...]
Today’s top story is the rumor, first aired on LasVegasAdvisor.com that Binion’s Gambling Hall & Hotel will close in July, lock, stock and million-dollar display. This dovetails with an earlier report that a detailed makeover is in the works. So Binion’s could follow the lead of the Plaza and go the short-term-closure route, rather than [...]
French statesman Georges Clemenceau once dryly remarked that the cemeteries are full of indispensable men. Clemenceau’s quip obtained fresh sting this week when the gaming world lost Dr. William Eadington. The industry scholar has been struggling with cancer for a year and a half, and succumbed at age 67. A reserved and unpretentious man, Bill [...]
As the clock ticks toward a shareholder fight over International Game Technology, CEO Patti Hart tried to rally her troops with a bit of good news. IGT has inked a pact to sell 1,375 VLTs to Saskatchewan, representing one-third of the VLT market in that province. Since Wall Street analysts had already incorporated this into [...]
Rumbles of mutiny against International Game Technology CEO Patti Hart have been growing in volume for quite some time. Those growls rose to a shout today with an e-mail blast from The Ader Group, soliciting shareholder proxies for the March 5 meeting at which the IGT board of directors stands for reelection. Former Wall Street [...]
Here’s a handy guide to using the online Las Vegas guidebooks written by yours truly — sort of a tourist’s extension of S&G, available through all Hilton-branded hotels and timeshares. Since these only concentrate on carefully selected highlights of Sin City, there are merely supplemental to the truly comprehensive coverage provided by LasVegasAdvisor.com, but they [...]
Judging by the low regard in which most casino companies’ social-media operations are held, I suspect somebody like this (simulated) consultant probably had the ears of many a gaming CEO.
Monday’s interview with Interblock global sales supremo Tom O’Brien (right) yielded some passing observations that are probably too peripheral for my upcoming Casino Life piece … but perfect for S&G. Interblock maintains field offices in Las Vegas (soon to become the de facto headquarters) in Australia, Macao and Nova Scotia. In order to staff these, [...]
In attempt to get some TV time, Donald Trump vowed he was going to say something to someone about somebody else today. But frankly … who cares? On a genuinely substantive note, Internet gremlins are laying siege to LVA again, playing hob with Web access, impeding output, etc. — so consider yourselves warned.
Whenever one goes to a gaming expo, one of the main lines of product on display is the robo-dealer. You know: An electronically run roulette, blackjack, baccarat, craps or sic bo “table” (more of a big workstation, in reality), presided over by an unsettlingly blank-faced, computer-generated “dealer.” These sorts of machines are coming on strong [...]
Shortly before Global Gaming Expo, I had a chance to sit down with Boyd Gaming CEO Keith Smith and query him on the company’s growth strategy, which will soon plant the Boyd flag in Kansas and Iowa. While many casino CEOs talk like an SEC filing, Smith is a pleasure to interview: Economical with words, [...]
No, not Russian hookers (you have to go to Macao for those) but Interblock’s virtual casino dealers. The Slovenian company unveiled these robo-lovelies under high-security conditions that the Las Vegas Sun likened to Marquee “on a busy weekend night” … except with better-dressed patrons … and less visible inebriation … and no puke on the [...]
As Yahoo’s Jeff Macke cuttingly puts it, he “found a real, live businessman who creates jobs,” thereby providing a Steve Wynn-to-sanity translation, courtesy of CIO Advisors‘ Hugh Johnson. If Wynn were truly being honest, he’d cut to the quick: He’s scared witless that his high-income customers who play at Wynn Las Vegas and Encore, and [...]
It looks like Hollywood Casino Columbus is borrowing some technological ideas from L’Atelier du Joel Robuchon.
Fittingly, Penn National Gaming chose Columbus Day to open its newest casino, in the Ohio city that bears the name of the man who didn’t quite discover America in 1492. With 3,000 slots and 100 tables, it’s loaded for bear. [...]