29th
November New York
Source: Press release
Trans
World Gaming has announced that they are hopeful that changes in gaming
legislation in the Aragon region of Spain will allow them to move their
Casino Montesblancos to central Zaragoza.
The company owns and operates three casinos in Europe and is preparing
the opening of its fourth casino in January 2000.
Trans
World Gaming Poised to Benefit From Spain's Proposed Gaming Law Changes
29th
November Horsham, Pa
Source: Press release
The National Fraud Center,
Inc. (NFC) announced
today that it is joining forces with the internationally recognized consulting
firm Spectrum Gaming Group to help governments and gaming companies
regulate gambling on the Internet.
With
the rapid increase in internet usage and growth of online commerce, Governments
so far have seemingly been pulling in different directions with regard
to online gaming. The present situation leaving the potential customer
with little information about the companies involved or the legality of
transactions.
National
Fraud Center Joining Forces With Spectrum Gaming Group to Help Regulate
Internet Gaming
24th
November Connecticut
Source: Dow Jones
October
slot figures for the two Connecticut Indian casinos have been announced
by the Connecticut Division of Special Revenue and reveal a monthly win
of $109 million.
Foxwoods slot win was $65.7 million, the Mohegan Sun was $43.2 million.
Average daily win per machine was $360 and $460 respectively. Sun International
Hotels has a 50% management stake in the Mohegan Sun.
24th
November Baton Rouge, Louisiana
Source: Yahoo News
Casino Licenses in Jeopardy
- The Louisiana Gaming Control Board has subpoenaed four former company
officials of Players International which operates two riverboat casinos
in Lake Charles.
24th
November Las Vegas
Source: Detroit News
The
Las Vegas Mirage celebrated its 10th anniversary on 22nd November. Costing
$630 million and requiring revenues of $1 million per day to break even.
In the first year the resort generated revenues of $720.5 million, averaging
nearly $2 million daily.
Visitor volume to Las Vegas has jumped from 18.1 million in 1989 to a projected
32.3 million this year. Visitors are expected to pump $24.6 billion into
the cities economy in 1999, more than double the $11.9 billion in 1989.
23rd
November Los Angeles
Source:Chicago Sun Herald
Web bettors pin losses on banks
Cynthia
Haines the woman who lost $115,000 gambling online using Visa and Mastercard
last month had her online debts cancelled along with a $225,000 lawyers
bill. Bolstered by old laws--some dating to the 18th century--that make
gambling debts legally uncollectable in all 50 states, bettors such as
Haines are going to court to have their online losses cancelled.
22nd
November Washington
Source: Dow Jones
Missouri Riverboat Casinos Oct. Gross Receipts Rose
10.5%
Adjusted
gross receipts from the riverboat casinos in Missouri totalled $80.9 million
in October 1999, rising 10.5% from $73.2 million in October 1998, while
admissions jumped 13.2% to 3.9 million, according to figures provided by
the Missouri Gaming Commission.
18th
November Detroit, Michigan
Source: Detroit News
The
Detroit News carried a detailed story concerning the delays in licensing
for the three city casinos and the cost to the city of the delay.
Although gambling was legalized in November 1996, after three years only
the MGM has opened.
The Motorcity casino is scheduled to open in mid-December. The Greektown
group that were instrumental in pushing for legalization will perhaps only
be able to open in May due to delays in background checks.
17th
November Louisiana
Monthly Gaming results
The
Louisiana State police have released the monthly gross receipts from the
13 riverboats in the State. Gross revenues were $120 million in October
an increase of 8.3% from October 1998. Admissions for the month were 2.1
million or an average of 68,0000 per day.
Win per admission averaged just under $57 up from $54.50 for October 1998.
Casino Magic and the Isle of Capri both in Bossier City saw year-on year
increases of 27% and 28% increases in gross revenues respectively.
17th
November Iowa Source:
Press release
Ameristar
Casinos
will be celebrating on November 22nd the opening of the third deck on their
Iowa riverboat Ameristar II. The ship will be the largest in the market
having over 1,800 gaming positions, 51 tables and 1,446 slots. Work on
the new deck carried on whilst the riverboat was still open for gaming.
16th
November Michigan Source:
Press release
The
Bay
Mills Indian community has proposed to the Pontiac City Council that
it would be interested in building a casino at the Pontiac Silverdome that
would potentially provide 3,000 jobs.
The tribe say that they would provide a minnimum payment of $30 milion
annually to the city or 2% of gaming revenue - which ever is higher. Under
the deal, the tribe would purhase 30 acres of the Silverdome site from
the settlement of a land claim, where tribal land was improperly sold in
the 1800's.
11th
November Reno, Nevada Source:
Press release
IGT
has revealed its fourth quarter and end of year results. Total revenues
for the year were $930 million up from $824 million. For the fourth quarter
the company registered a loss of $40 million due to costs associated with
the acquisition of Australia's Olympic Amusements.
The company has over 15,000 machines operating on its MegaJackpots systems
platform. IT also sold 24,300 machines world-wide in the fourth quarter
and 116,000 machines during the year. International sales at 74,900 machines
accounted for 65% of the total. 30 new games were unveiled to the public
during the WGCE in September.
9th
November Las Vegas Source:
Press release
Acres
Gaming Receives Approval for Wizard Slot Accounting System
Acres Gaming has announced that its Wizard™ slot accounting system
has been approved by the Nevada Gaming Control Board.
Wizard has been in use at Mandalay Bay since it opened on March 2, 1999.
Acres Gaming has also received an order to install Wizard at Mandalay Resort
Group's MotorCity Casino in Detroit. The company has headquarters in Las
Vegas and has offices in Corvallis, Oregon. Detailed information about
Acres products and promotions is available at www.acresgaming.com.
8th
November Las Vegas Source:
Press release
Boyd
Gaming Corp. has received approval from the Indiana Gaming Commission
for the acquisition of the riverboat Blue Chip Casino located in Michigan
City, Indiana.
The deal is reported to be for $255 million in cash including hotel and
parking facilities. The company presently operates 11 casinos in Nevada,
Mississippi, Illinois and Louisiana. Through a joint venture with Mirage
Resorts Incorporated, Boyd is also developing a $750 million casino
resort in Atlantic City.
3rd
November New Jersey Source:
Casino Journal
Casino
Journal Publishing Group have announced
the dates and locations of their conferences and trade shows for the year
2000.
The five events start with the American Gaming, Lodging and Leisure
Summit on the 9th and 10th February. This will be jointly held at the
Venetian and Paris Las Vegas.
On March 8th in the Atlantic City Convention Center is to be found the
Greater
Atlantic City Chamber of Commerce Expo.
The Mississippi Coast Convention Center is the venue for the Southern
Gaming Summit on the 10th and 11th May. This is the largest gaming
trade show outside Las Vegas and is apparently the exhibition space is
already sold out.
UNLV's
Casino Ops will have keynote speakers and panelists and gives gaming
personnel an opportunity to network and further their careers. The event
to be held at The Resort at Summerlin, Las Vegas on the 12th and 13th June.
CJPG's final show of the year is the Northern Gaming Summit. This
will be held at the Cobo Conference Center in Detroit on September 12th
and 13th. It is believed that all three casinos will be open in the city
by the time of the show. The area being forecasted to become the 4th most
important gaming jurisdiction in the country.
For exhibiting or sponsorship information about any CJPG conference or
trade
show, call 1-800-877-7176. For information on attending these events
or
the agenda, call 1-800-394-2467.
2nd
November New Orleans Source: Various
The
Harrahs
New Orleans Casino opened its doors on October 28th. The property in
the center of the downtown area close to the French Quarter was bought
out of bankrupcy in October 1998 by JCC holdings.
The casino will be operated by its subsiduary, Jazz Casino Company. A management
contract has been undertaken by Harrahs and the casino will trade under
their name.
1st
November Connecticut Source: Press
release
The
Mohegan
Tribal Gaming Authority has announced net revenues for its Conecticut
casino the Mohegan
Sun of $185 million an increase of 17% over the same 3 month period
in 1998.
Slot revenue totaled $135 million or 73% of the total. Win per slot per
day came in at a fraction under $500. Total slot revenue for the fiscal
year ended September 30th was $475 million. Slot revenue for Connecticut
including Foxwoods was $1.2 billion for the year over the same period.
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