According to a new article in the Macau Daily Times, the island’s world-class gaming industry may be called upon by the government to support a new local arts initiative on the island. Members of the Committee of Cultural Industries want to increase the number of creative industry venues in Macau, and the committee suggests that the gaming industry and the local government should play a role.
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Revenue losses are mounting at Mountaineer
Mountaineer Casino, Racetrack & Resort saw revenue drop nearly 12 percent during the last three months of 2014 compared to the same period in 2013, as the Chester-based gambling facility faces increased competition from both Ohio and Pennsylvania.
PinkFae Launches Indiegogo Campaign About Transgender Representation Within The Gaming Industry
Its mission is to make the game industry more inclusive for transgender women and women in general. This includes transgender amateur and professional gamers, transgender game developers and reviewers, and representation of transgender people within games.
IGT Elevates Gaming in the Caribbean with Games and Systems Win at Spectacular Baha Mar
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Full House reports wider net loss, decline in revenue
Full House Resorts’ first quarterly earnings report under new management saw an increased net loss and a decline in revenue, but officials with the Las Vegas-based company said it will take much of 2015 to change the casino operator’s direction.
Exciting Times for the Gaming Industry
Business and risk are synonymous — making a bold move is risky but, not making a bold move is equally risky. Allow me to explain.
IGT Spotlights US Debut of CrystalDual Cabinet at Indian Gaming Tradeshow & Convention 2015
Delivering a dynamic player experience, the CrystalDual features crystal-clear clarity through dual screens and a multi-touch digital player panel, while providing technician-friendly cabinet design for increased operator efficiencies. The CrystalDual is backed by an exciting game content library, including Golden Eaglea Video Slots, Game of the Godsa Video Slots and the popular “At IGT we are deeply committed to our long-standing relationships with the Indian Gaming community.
Nikkei goes to 15-year high
Japan’s Nikkei share average rose to a fresh 15-year high on Wednesday on hopes for an economic recovery and higher shareholder returns, while Nintendo Co jumped 21 percent after it said it will enter the smartphone gaming industry. The Nikkei ended 0.6 percent higher at 19,544.48, the highest closing since April 2000.
Valley breathing life to gaming industry
The valley is trying to breathe life into the gaming industry with a unique place you won’t find anywhere else around here. It is a unique place mixing experience with those still learning or wanting to learn.
Arneault, MTR end lawsuits
The founder of Presque Isle Downs & Casino has all but ended a series of lawsuits between him and his former employer, MTR Gaming Group Inc., of West Virginia. Ted Arneault, MTR’s former chief executive, reached a global settlement in the cases, except in one area, said his lawyer, John Mizner, of Erie.
Las Vegas Sands: 15+% Downside As More Casinos Fight Over A Shrinking Macau
Las Vegas Sands currently generates the majority of its EBITDA from its Macau casinos and has invested $2.7 billion in another Macau resort that is scheduled to open in 2016. Macau wants to keep the number of visitors at current levels though, while the number of hotel rooms is expected to increase by 50% by 2017.
M&A Update: Market Pressures, Favorable Law Spur REIT Conversions and Spinoffs
Urged on by activists and institutional shareholders, a large number of companies with real estate holdings pursued real estate investment trust conversions or spinoffs in 2014. At least half a dozen companies completed REIT transactions last year, including cell tower company Crown Castle International, which converted into a REIT, and outdoor advertising REIT Outfront Media, which spun off from CBS.
The Scorpions plan to rock you like a hurricane in Las Vegas
Heavy metal rockers the Scorpions celebrate their 50th anniversary with a stop at The Joint at the Hard Rock Hotel with fellow head bangers Queensryche on Wednesday, Oct. 7. German band the Scorpions got its start when a very young Rudolf Schenker founded the band in post-war Hannover. Since, the band is known for hits such as “Rock You Like a Hurricane,” “Send Me an Angel,” “Still Loving You” and “Wind of Change.”
Chadwick Johnson steers his passion from rodeo to supper-club singing
Chadwick Johnson is shown during a team roping session in Sandy Valley. Johnson headlines the Italian American Club on March 18. Chadwick Johnson, shown with cellist Zoe Kohen Ley at Vinyl at the Hard Rock Hotel during a performance in “Mondays Dark,” is at the Italian American Club on March 18. A singer of great merit, Chadwick Johnson has long dreamed of performing in Las Vegas – in the Wrangler National Finals Rodeo.
Source: Louisiana Lottery
According to the audit, the state could get more than $27 million in unclaimed prize revenues on top of its regular share of ticket sale revenues. In order to do that, the audit stated lawmakers should lower the mandated 35 percent share the state receives in gross revenues to 25 percent.
Rascal Flatts Wrap Vegas Residency
Superstar vocal group Rascal Flatts’ Vegas residency wrapped this weekend, following a nine-show run at The Joint at Hard Rock Hotel & Casino. The first-ever country residency to take place at the intimate venue featured show-stopping performances receiving critical praise, with Las Vegas Sun touting it as a “straightforward jam session with one of country music’s biggest acts in the past decade.”
Wynn Resorts battle to oust Elaine Wynn intensifies
Elaine Wynn speaks during a Las Vegas Metro Chamber of Commerce Business Power Luncheon on Wednesday, May 8, 2013, at the Rio. Wynn Resorts today shed more light on its board’s decision to remove Elaine Wynn from its ranks, while she continued campaigning to keep her seat.
GTECH says British court clears merger with IGT
Italian gaming company GTECH said on Monday the High Court of England and Wales had cleared its merger with International Game Technology in one of the last steps before the merger becomes effective on April 7. The new company will have more than $6 billion in pro-forma revenues, GTECH said in mid-2014 when it announced the $4.7 billion acquisition of the Las Vegas-based group.
Rascal Flatts Provides Soundtrack for Bristol Palin's Vegas Engagement
The group dedicated their performance of “Bless the Broken Road” to Bristol and her war-hero boyfriend, Sergeant Dakota Meyer, during their show at the Hard Rock Hotel and Casino in Las Vegas. Dakota then asked Bristol to marry him, and she said yes.
Nasdaq 100 Movers: WYNN, AVGO
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