Administration and Finance News

Penn National Gaming gains preliminary approval to buy Tropicana
6 Aug 2015

The Rat Pack-era casino would be Penn National's first property on the Strip. The company plans to upgrade, but not rebrand, the historic casino.

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Inside Gaming: Global Cash changes name as focus shifts to slot machines
5 Aug 2015

Following its acquisition of slot machine manufacturer Multimedia Games, Global Cash Access holdings is updating its branding with a new name, logo and stock ticker symbol.

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MGM CEO says The Mirage is "not on the market"
5 Aug 2015

MGM Resorts has unveiled an ambitious new growth plan, but despite Wall Street speculation, selling The Mirage is not a part of it.

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Guests from 24 tribal jurisdictions attend GLI's Oklahoma Regional Regulators Training Seminar
5 Aug 2015

The seminar, which took place during the OIGA Conference, is part of GLI's initiative to educate its clients on regulatory compliance and testing.

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GLI obtains GSA accreditation for Adelaid and Sydney laboratories
5 Aug 2015

The accreditation grants the two labs the authority to test and provide certifications for their clients' gaming equipment under GSA protocols.

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Inside Gaming: Pinnacle, GLPI deal could be a model for the industry
3 Aug 2015

Analysts say the deal, which sees Pinnacle leasing its real estate assets from the REIT, financially benefits both companies.

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GLI welcomes Garret Greene as business development manager
31 Jul 2015

Greene has six years' experience in the gaming industry as the former head of regulatory compliance for Irish betting firm Paddy Power.

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Penn National Gaming to acquire Prairie State Gaming
31 Jul 2015

Penn National Gaming has entered into a definitive agreement to acquire the Illinois-based VGT operator in an all-cash transaction expected to close later this quarter.

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Wall Street analysts predict MGM may sell The Mirage
30 Jul 2015

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts predict that The Mirage could sell for between $1 billion and $1.5 billion.

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Decline in baccarat play deals a blow to Nevada casino revenues
29 Jul 2015

While the crackdown on Chinese high rollers has hit Macau the hardest, the 53.7 percent decline in baccarat revenue in Nevada contributed the lion's share of June's 8 percent decline in gaming revenues over last year.

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GLI names Cathy Nickum supplier development representative
29 Jul 2015

Nickum has held sales leadership roles at several prominent gaming companies and has a strong reputation within the gaming industry.

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Investors show new love for regional casino markets
27 Jul 2015

The Lake Charles, Louisiana market is leading the way in making the investment community do a 180-degree turn on U.S. gaming operators.

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U.S. tribal casinos see fifth straight year of revenue increases
27 Jul 2015

In fiscal year 2014, U.S. tribal casinos brought in more than $28.5 billion.

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Boyd keeping mum about REIT plans
24 Jul 2015

While REITs are a popular investment choice for casinos, Boyd has repeatedly stated that it will not comment on the possibility of forming one until it has definitive plans.

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JGM Global debuts new technologies at AGE 2015
24 Jul 2015

The technologies supplier will exhibit its new GEN2 Universal thermal printer, Ticket2Go retrofit ticketing system and PromoNet couponing system.

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