Administration and Finance News

Penn National to buy Tropicana for $360 million
30 Apr 2015

The Strip hotel-casino on 35 acres at Tropicana Boulevard will be purchased for $360 million from its shareholders, the largest of which is a partnership between Onex and Alex Yemenidijan.

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Two casino companies report improved first-quarter results
27 Apr 2015

Two casino companies with Nevada ties had improved first-quarter results, including Las Vegas-based Pinnacle Entertainment which reported record net revenue.

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GLI delivers testing and certification services for the launch of shared liquidity Internet gaming system
16 Apr 2015

Gaming Laboratories International (GLI®) has successfully completed testing and certification services for the first shared liquidity internet gaming system in the United States.

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GLI names Alex Bertone tribal development rep for Oklahoma
8 Apr 2015

In her role, Bertone is responsible for the needs of all Tribal gaming regulators and operators within the Oklahoma jurisdiction.

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GLI helps tribal regulators and operators get more at NIGA 2015
31 Mar 2015

Now GLI is exhibiting at NIGA’s 2015 Indian Gaming Tradeshow and Convention, helping tribes get more, so much more than just testing from their lab.

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Report: Indian gaming revenue hits record $28.3 billion in 2013
30 Mar 2015

The $28.3 billion figure was a 0.5 percent increase over 2012 and a single-year record high.

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Casino City releases 2015 Indian Gaming Industry Report: Indian gaming holds its own amidst a slowdown of the economy
30 Mar 2015

Gaming revenue at Indian gaming facilities nationwide grew 0.5% in 2013 to an all-time high of approximately $28.3 billion.

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Kobetron launches new Verify+ by Kobetron gaming device signature tool, increasing regulatory efficiencies and compliance
30 Mar 2015

Verify+ by Kobetron is a USB tool that puts virtually every new signature method and feature at users' fingertips, empowering them to maximize compliance and efficiencies.

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JCM Global brings Indian gaming's leading transaction technology solutions to NIGA 2015
25 Mar 2015

JCM will showcase the very latest in bill validation technology that enhance operational security on the slot floor, printer technology that builds greater customer connections, system solutions that improve operations, and digital media solutions that amaze guests.

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Casino Data Imaging announces release of GlobalSuite EV1.5 multi-casino solution
25 Mar 2015

Casino Data Imaging announced today the release of GlobalSuite Enterprise EV1.5 multi-casino analysis solution.

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Long-term, negative side of REITs argued
24 Mar 2015

The short-term gains — tax benefits, a boost in stock prices and potentially lower debt — can be overshadowed by long-term issues.

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Resorts World Las Vegas groundbreaking announced
24 Mar 2015

The Strip development, which has been in planning for two years, is projected to include 3,000 hotel rooms and a casino with a combined 3,500 slot machines and table games in its initial phase.

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Plainridge Park Casino to open on June 24, 2015
23 Mar 2015

The first casino to open in Massachusetts will include nine dining and entertainment venues, live harness racing and over 1,200 slot machines and electronic table games.

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Assemblyman pushes for lottery at Nevada Legislature
20 Mar 2015

Harvey Munford (D-Las Vegas) made his pitch Thursday before the Assembly Legislative Operations and Elections Committee.

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Hedge fund proposes REIT split for MGM Resorts
18 Mar 2015

MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.

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