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June 2000
North America

30th June   Misouri/Mississippi  Source: Kansas City Star/Biloxi Sun
   
Customers in Missouri's casinos should be stopped from entering the vessels with tokens. That is the theme of a Kansas City Star article that explores the $500 per 2 hour session "loss limit", that is being only loosely enforced according to the State Auditor.
    Tokens and the potential future disappearance of them is the theme of a Mississippi Biloxi Sun article from the 25th. The EZ Pay Ticket System is being installed in two of the Park Place owned Grand casinos in Biloxi and Tunica. The move towards "coinless" gaming is initially being tried on 65 machines with printed tickets being issued for larger jackpots.
Casino patrons with tokens must be stopped at the door
Cups of coins may be thing of past
 

30th June   US  Source: Press releases


    Three American slot manufacturers have announced developments over the last couple of days. On the 28th Silicon Gaming based in Palo Alto California  detailed shipments to Native Indian casinos in the State including the expanding Veijas, Barona and Sycuan operations.
    Also on the 28th. Las Vegas based Mikohn Gaming Corp. announced that installations of its Yahtzee® themed slots have now reached 1,000 units and the company has contacts for 1,600. The total combines both spinning reel and video versions of the game with the majority being installed in Nevada.
  Alliance Gaming detailed on the 29th that just a month and a half after installation the wide area progressive Betty Boop jackpot had been won. The $214,500 jackpot being hit at the Atlantic City Hilton. The machines are still on trial in Atlantic City and the wide area progressive feature is a direct competitor with the long established IGT Megabucks system.
 

29th June   Toronto/San Diego  Source: Press releases


    International Thunderbird Gaming and Cryptologic jointly announced on the 27th that the Fiesta Casino has now gone live. Toronto based and Nasdaq quoted Cryptologic has provided for ITG a casino primarily aimed at the Latin American market. The company operates 4 traditional casinos in Panama and Guatemala and is another example of the slow but continuing trend of traditional gaming companies to form strategic alliances with software development companies.
FiestaCasinos.com goes live with Cryptologic technology
FiestaCasinos.com goes live
 

23rd June   Las Vegas  Source: Reuters


   Steve Wynn has been in talks with the Nevada Gaming Commission concerning his future plans for the Desert Inn. According to the Reuters article he intends to demolish the building. Apparently the casino will be closed in September. The hotel, that was only refurbished 3 years ago being eventually replaced by a twin tower structure with 6,000 rooms. The golf course may also be sacrificed as part of the development.
Steve Wynn to tear down Desert Inn, build new resort
 

23rd June   Las Vegas  Source: Press release


    Starwood Hotels have now divested themselves of all their casino assets and are concentrating on operating hotels. The sale of the Desert Inn to Steve Wynn has now been completed for approximately $270 million. The company operates more than 700 hotels world-wide including the Westin and Sheraton brands.
   Before the MGM/Mirage merger the sale of Caesars World for $3 Billion, acquired from ITT last year was the previous largest casino sale.
 

22nd June   Vancouver  Source: Press release


    GamblingSoftware.com and the Excelsior Casino, Aruba have teamed up to provide instant play Java casino games on the Internet. The "bricks and mortar" Excelsior casino has been operating for 30 years and is the oldest casino on the island located at the Holiday Inn Resort. It is another example of a traditional gaming company deciding to offer its product to a global audience. GamblingSoftware.com develops instant play Java casinos for clients and presently has more than 40 licenses.
Land-based casino prepares to accommodate 250 million guests
 

21st June   Washington    Source: AP


    The debate surrounding the legislation in the US of gambling on the Internet has now moved to the House Banking Committee. On the agenda are ways of cutting off funds to online casinos that are all based outside the US. The proposed legislation to extend the ban on gambling over the telephone to the Internet has run into trouble over the exemptions for pari-mutuel betting on horse racing, greyhound racing and Jai-Alai frontons.
Lawmakers battle online casinos
 

20th June


US    Source: USA Today
Net gambling bill takes its chances
 

16th June 


Atlantic City  Source: Dow Jones/Excite News
N.J. Casinos May Gaming Revenue $362.8 Million Versus $368.5 Million
 

15th June 


Chicago/Las Vegas  Source: Business Wire
WMS Gaming's Money to Burn and Perfect Game Approved for Sale in Nevada
 
 

8th June  Atlantic City  Source: Bergen Record


    The battle for control of the bankrupt Sands in Atlantic city appears to have been won by Carl Icahn over the rival bid from Park Place Entertainments. Creditors who were owed money when the property filed for Chapter 11 bankruptcy in 1998 voted 91% in favour of the Icahn proposal.
    A hearing is also scheduled for July regarding Icahn's further bid to take over the bankrupt Claridge which is next door to the Sands. The billionaire financier also owns the Stratosphere in Las Vegas that was also rescued from a similar fate.
Creditors back Icahn bid for bankrupt Sands casino
 

7th June  Washington  Source: Press release


   The Internet Gambling Prohibition Act that is sponsored by Rep. Bob Goodlatte has received support from a coalition of groups opposed to the legalization in the US of Internet gambling. Focus on the Family, The Family Research Council and The Christian Coalition have aligned themselves behind the Bill and will be lobbying Congress in support of its passage.
 

6th June  Las Vegas  Source: Press release


   MGM Grand have announced that from the sale of just 11 paintings from the Bellagio's collection that they have raised the staggering total of $124 million. Three of the painting being bought by former Mirage Chairman and collection founder Steve Wynn.
 

6th June  Las Vegas  Source: Press release


   A new industry association was announced yesterday. The Gaming Equipment Manufacturers Association (AGEM) has been formed with 10 US companies as founding members. Companies involved, some of them already members of GAMMA (The Gaming Manufacturers Association), include IGT, WMSGaming, Mikohn, and Shuffle Master.
 

5th June  Connecticut  Source: SF Chronicle


   The rags to riches story of the Connecticut Mashantucket Pequot Indians who own the worlds largest casino is the subject of a detailed San Francisco Chronicle article from May 30th.
   The 650 strong tribes casino, from its opening in 1992 now has over 3,500 slots and had revenues of $1.3 billion for 1999. This is in the region of 15% of all the revenue brought in by the 198 tribes that operate casinos throughout the US. At 11,300 employees the tribe is also one of the biggest employers in the state
Pequots of Connecticut cooperate  with state to keep operation clean
 

2nd June  New Jersey  Source: Press release


    Casino Careers based in New Jersey has announced that Isle of Capri will be using the companies database of 6,500 resumes to hire for all 11 of their properties in the US.
   Casino personnel post their resumes online for free and details are accessed by over 70 corporations and gaming properties that are signed up to perform corporate searches for staff.
 

2nd June  Las Vegas   Source: AP


   With the acquisition of Mirage Resorts by MGMGrand Inc. almost in the books, the company is now looking for ways to develop assets in both Atlantic City and Las Vegas. A 55 acre plot between the Monte Carlo (50% owner Mandalay) and the Bellagio is the focus of attention. Looking for "over the top designers" is the description in the AP article.
    Also of interest is the 1966 opening of Caesars Palace, at 34 years old it is now by LV standards an antique. MGMGrand will also continue to develop the Borgata resort in Atlantic City in partnership with Boyd Gaming.
 

2nd June  New York/Puerto Rico  Source: Press release


    Internet gaming that has presently found a welcoming home in the region, is high on the list of subjects to be covered at the Caribbean Gaming and Tourism Conference 2000 at the Condado Plaza Hotel & Casino in San Juan, Puerto Rico.
   This is the second year for the conference organized by WestVille Enterprises Inc. 24 sessions will be held with simultaneous translations into and from Spanish. Additional topics to be covered include cashless gaming, customer care, casino crime, and gaming as entertainment.
 

1st June  Los Angeles   Source: Reuters/Yahoo finance


    Reuters has an interesting article on the undoubted growth of Internet casino gambling. Once again the magic numbers are quoted as to approximately how many casinos are now thought to be in operation and how much revenue the online gaming industry is presently generating (apparently it was $1.67 billion in 1999). For 2002 the figure quoted is "atop $3 billion".