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Archive 2009: 8th - 14th March

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Saturday & Sunday, 14th & 15th March

Las Vegas - Reuters & WSJ
MGM mulling breakup to pay looming debts: report
MGM Mirage Facing Breakup - Buyers Circle Casinos as Kerkorian Races to Cut Deals with Big Lenders

Tallahassee, Florida - Miami Herald
Legislators at odds over Seminole blackjack games
Lawmakers draw lines over blackjack at Hard Rock

Las Vegas - Reuters
Las Vegas Sands director quits, cites COO dismissal

Atlantic City - Reuters
Atlantic City shows gambling isn't recession-proof

Taipei, Taiwan - Straits Times
Up to 2 casinos in Taiwan?

Las Vegas - Las Vegas Sun
Harrah’s reports loss, says LV properties hit hard
Hard Rock Hotel posts $282.3 million loss in 2008
Builder: It is ‘rational’ for homeowners to walk away
"Nevada was ranked No. 1 in the nation with 55% of homes underwater or upside down, meaning borrowers owe more on their mortgage than the home is worth. That contrasts with 20% nationwide."

Las Vegas - LVR-J
Harrah's hedges by buying part of debt -  Casino operator reports $5.2 billion loss for 2008

Compton, California -
Compton hotel and casino listed for $16M

Shelbyville, Indiana - MSNBC & Indianapolis Star
$200 Million Casino Opening Near Shelbyville
Casino to pull Obama lookalike ads
Obama Ad for Indiana Live! Casino

Marina Bay Sands to hire 4,500
Quality video report from the Singapore Enquirer

Kefauver hearings chase mobsters to Las Vegas

British news
London Hotel Poker Circuit Announced - The Ultimate Poker Tour
Empire Casino at Leicester Square - Poker Festival 11th-15th March 2009

Goa -
Goa casino operator moves court after relocation threat

Auckland, New Zealand - New Zealand Herald, TVNZ & Radio Australia
Drug lord used casino as 'office'
SkyCity defends itself in wake of drug bust
Drug ring run from casino (00:40)
Mike Hill of Internal Affairs talks to TVNZ (02:24)
Casinos 'high-risk targets' for organised crime

additional headlines
Macau still worth a gamble - Channel News Asia
The Gambling Industry's New Homepage Combines Multimedia Features With Breaking News
PA Gaming Control Board Issues Statement on Termination of Cannery/Crown Merger

Casino Stocks - Bloomberg
11th March Bloomberg interview with gaming analyst Larry Klatzkin who is asked about his BUY rating on Las Vegas Sands when the shares were trading at $116.

Friday, 13th March

Las Vegas - Yahoo/AP
Shuffle Master falls as 1Q results miss estimates

Taiwan - Taipei Times
Casino group plans 'backward' rally

MGM Might Go Bust
In Business Las Vegas/Las Vegas 1

Crown - Cannery Casino's Deal
Packer's US ambitions thwarted again
"the company today agreeing to pay $US370 million ($565 million) to delay the settlement of its purchase of three US casinos for as long as two years."

Update on Cannery Transaction
Cannery Casino Resorts and Crown Terminate Merger Agreement
Crown strikes new deal with Cannery
Crown cancels deal to buy Cannery Casino Resorts, shares surge
Billionaire Packer Scraps Cannery Deal, Sells Ranches - Bloomberg
Australian company ends Cannery purchase agreement - Las Vegas Sun

Macau - Xinhua
Macao customs official arrested for embezzling money from casino

Las Vegas - Las Vegas Sun & In Business Las Vegas
New Hilton brand expected to replace Cosmopolitan
Las Vegas leads nation in foreclosures
"The city’s foreclosure rate of one filing for every 60 households was seven times the national average."
Las Vegas economy in free fall

Rota, C.N.M.I - Marianas Variety
Rota gaming commission amends rules

Las Vegas - Yahoo/AP
Wynn CEO's wife up for board spot despite split
Wynn Resorts Announces Director Slate for 2009

Las Vegas - Reuters & Yahoo/AP
Shuffle Master posts lower-than-expected Q1 results
Shuffle Master 1Q loss narrows after cost cuts

Las Vegas - Yahoo/PRNewswire
Shuffle Master, Inc. Reports First Quarter 2009 Results
Shuffle Master, Inc. Earnings Conference Call (Q1 2009)

Houston - Yahoo/Globe Newswire
Nevada Gold to Acquire Washington Casinos
The Crazy Moose Casino, Pasco, Crazy Moose Casino in Mountlake Terrace & Coyote Bob's Roadhouse Casino located in Kennewick.

British news
IndigoVision boost as casinos keep spending

additional headlines
EPT Dortmund Day 3 - Record Breakers at Dortmund

Thursday, 12th March

Belgrade, Serbia -
Queenco Leisure International Ltd - Increases its stake in Casino Beograd

Stockholm - The Local
Gambling baron sentenced to 14 years

Ohio -, Toledo Blade & News Herald
Group submits proposal for 4 casinos in Ohio
Casino plan fancies site on Toledo riverfront
Group promotes casino proposal in Ohio

Manila, Philippines - Manila Standard
Pagcor pays P11b worth of dividends to Treasury

Philippine Amusement and Gaming Corporation

Eastern Cape - Daily Dispatch & S.A. Business Times
Gambling board renews Sun’s casino licence
Casino licence angers king

Forbes Billionaire's List 2009
The World's Billionaires
Rich list hit by economic crisis - BBC
Australia's billionaires tumble down the rich list - New Zealand Herald
Forbes: Casino billionaires are feeling economic pinch - Las Vegas Sun

#98 Kirk Kerkorian - $5 billion
#178 Sheldon Adelson - $3.4 billion
#261 James Packer - $2.5 billion
#334 Phillip Ruffin - $2.0 billion
#376 Quek Leng Chan - $1.9 billion - Guoco Group
#468 Stephen Wynn - $1.5 billion
#701 Stanley Ho - $1.0 billion
2008's rankings: #12 Sheldon Adelson, #41 Kirk Kerkorian, #113 Stanley Ho, #277 Stephen Wynn.

Las Vegas - Las Vegas Sun
Sands leader’s exit comes amid tests
Homes at half price from 2006 peak
Report: Las Vegas economy shows no signs of recovery

Macau -
Macao’s casino jobs are no longer a safe bet
"Mr Ng is one of the 9,000 people who attended the two-day job fair, which offered 5,000 positions at the City of Dreams"

Las Vegas & Macau - Bloomberg
Las Vegas Sands Denies Media Report It May Sell Macau License
"Ming Pao Daily, a Chinese-language newspaper, cited two unidentified people as saying there are rumors a Chinese tycoon is interested in taking over Las Vegas Sands’ operations in Macau, including its gambling license."

British news
Churches criticise government for gambling with lives -
Bookies 'battered' by Ruby treble - Cheltenham Festival. Irish Post
Snooker: Betting row Scots to meet at Crucible
Gambling addict smashed fruit machine - FOBT's

3D Casino Le Croupier - How to Play Roulette
The latest YouTube video from Lucien Barrière's

additional headlines
US consultant assesses Kinmen's casino prospects
DEQ Systems Corp.: Las Vegas Adopts DEQ's EZ Baccarat
European Poker Tour Dortmund Day 1B Recap - Card Player Europe
2009 WSOP Opens Pre-Registration
Animal welfare groups oppose whale sharks at Singapore casino

Wednesday, 11th March

Gaming revenues: Atlantic City - February
Las Vegas Strip, Atlantic City Gambling Keeps Falling - Bloomberg
Atlantic City casinos report biggest revenue decline - Reuters
Casinos' revenues fall in A.C. - Philadelphia Inquirer
NJ casinos post biggest monthly revenue drop ever - AP
Atlantic City casinos suffer biggest monthly decline ever - Press of Atlantic City
Slump for A.C. casinos deepens - Courier Post

Gaming revenues: Nevada - January
Nevada casino win down 14.6% in January - MSNBC/AP
Casino winnings plunge 14.7 percent in January - Las Vegas Sun
Gaming revenues drop for 13th straight month - LVR-J

Las Vegas - Reuters
Owner of Terrible's casino chain to seek bankruptcy
Herbst Gaming Reaches Agreement with Bank Lenders on Financial Restructuring

Las Vegas - AP
Divorce papers filed for casino chief Wynn, wife - Opening night for Spamalot

Steve Wynn: The Casino Legend of Las Vegas - BIOGRAPHY

Las Vegas - Bloomberg & Yahoo/AP
Las Vegas Sands' Adelson 'Steering the Ship' After Weidner Exit
Las Vegas Sands CEO: We let COO go, he didn't quit
Analysts mull Las Vegas Sands management shakeup
Adelson ‘holding up quite well’ despite recession - Las Vegas Sun

Missouri - AP
Revenues, patrons up at Missouri casinos

Las Vegas - Las Vegas Sun
No contract, but dealers benefit from going union - Wynn & Caesars Palace

Las Vegas - Las Vegas Sun: Liz Benston
Some casinos might be for sale, but pricing them is tricky business

British news
Casino surge lifts PartyGaming
PartyGaming core earnings up
Spread betting firm shares fall 35%
Mingle at the Isle Casino - Coventry Telegraph. Isle Corporate Club.

additional headlines
Lack of Financing Scuttles Deal for Casino at Aqueduct - New York
Elderly Taiwan man victim of lottery scam 11 times
Cambodian PM orders to close underground gambling dens - Xinhua

Tuesday, 10th March

Las Vegas - Yahoo/AP
Las Vegas Sands told COO he was being replaced

New York - LVS
Las Vegas Sands Corp. at Deutsche Bank Securities Hospitality & Gaming Conference - Registration required.

Las Vegas - WSJ, Bloomberg & LVR-J
Weidner quits after 'conflicts' with Adelson
Sands President Abruptly Resigns
Las Vegas Sands’s Weidner Leaves Conflicts With Adelson Behind
Las Vegas Sands president resigns

Las Vegas - PRNewswire & Yahoo/AP
Las Vegas Sands Announces Appointment of Michael A. Leven as President and Chief Operating Officer
Las Vegas Sands COO Weidner to leave casino co.

British Columbia, Canada - Vancouver Sun
Great Canadian Gaming Corp. posts $1.7m loss

Australia & Canada - SMH
Packer casinos feel the chill
"James Packer's Canadian casino joint venture with Macquarie Bank has asked staff at two of their nine casinos to take unpaid leave and forced staff to cut back their hours at four others."

Minneapolis & Florida - Sun Herald/PRNewswire
Table Trac Inc. Partners With Las Vegas Cruise Lines

Goa - The Times of India
New law could tax casino earnings

Moscow - Moscow Times
Moscow's Casinos Go All-InOn Poker
"From the start of July, 90% of gambling companies are planning to continue operating in the capital, becoming restaurants, entertainment centers and concert halls, Deputy Mayor Sergei Baidakov said last week. There are currently 549 gambling establishments in the city, including 32 casinos, he said."


Joe Navarro on Russ Hamilton Video |

British news
Gambling addict tried to kill wife by running over her with sandwich van
Bookmakers may have to start paying their way - The Guardian

additional headlines
Solar powered casinos - The Weather Channel
Hundreds Of Bars Running Mini Casinos - Massachusetts
Gambling goes underground in Cambodia - Radio Australia
Singapore’s first casino complex takes shape
LeCroupier online casino coming for mobile!
B.C. casino deemed not worth security gamble - 2010 Winter Olympics closure.

Monday, 9th March

Las Vegas - Yahoo/PRNewswire & AP
Boyd Gaming Responds to Letter Received From Station Casinos
Boyd Gaming affirms committment to Station buyout

Macau - WSJ & Reuters
Sands CEO Says Critics Could Hurt Macau Casino
"In several addresses to business groups last month, casino operator and political figure Stanley Ho urged Macau to "unite against" the Venetian,"
Adelson: Anti-American sentiment could hurt Venetian

Las Vegas - Las Vegas Sun
Wynn Resorts gets double dose of good publicity

Australia - The Australian
Why James Packer attracts so much publicity
"When his father died in December 2005, Packer inherited a fortune estimated at $7billion. But the turmoil on financial markets has taken a terrible toll on his investments."

Victoria, Australia - The Melbourne Age
Victorians lose $2.6bn on poker machines
"The Skyways Taverner hotel has collected more than $19 million a year from its 100 gaming machines."
"the Matthew Flinders hotel in Chadstone had the highest punter losses per machine - more than $250,000 per machine a year."

Las Vegas & Macau - Xinhua, SCMP & WSJ
Las Vegas casinos feel pain of economic crisis
High leverage batters stocks of casino giants - Registration required

British news
Regulatory threat to Gala and Mecca bingo halls
"At one club in Morecambe, Lancashire, Gala has applied for five bingo licences, which would give it an entitlement to install 40 jackpot slots."
'People with the least money end up gambling the most' - Februray 2008.
Polly Toynbee interview after the Government cancelled the super casino license that had been awarded to Manchester.

History of Las Vegas
Las Vegas Mob Exhibition

additional headlines
Casino International Digital - March 2009
Novomatic-The World of Gaming - March 2009
Hatton’s got confidence cornered - Las Vegas Sun
Prozess geht im Oktober weiter - Namibia. Gaming license corruption trial.
Pokies eat $55 million as punters pump more into gaming machines
Women say no to casinos - Goa. International Womens day protest.

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