Administration and Finance News

Inside Gaming: New Orleans readies smoking ban, but it won't happen here
18 Mar 2015

Next month, New Orleans will ban smoking in most public venues within Orleans Parish, including bars, hotels, sports stadiums and restaurants. Harrah’s New Orleans is also on the no-smoking list.

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Hedge fund says bid for Pinnacle real estate too low
16 Mar 2015

New York-based Orange Capital, which owns 5.9 percent of Las Vegas-based Pinnacle, said this week’s offer from Gaming and Leisure Properties Inc. to acquire the real estate associated with Pinnacle’s 15 regional casinos “dramatically undervalues” the company.

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Lower trigger for jackpots seen as costly for casinos
13 Mar 2015

The suggested move to reduce the trigger from $1,200 to $600 on jackpots for slot machines, keno and table games, was soundly criticized by gaming industry leaders as unnecessary and burdensome.

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JCM Global expands distributor relationships in Argentina, Chile and Uruguay
12 Mar 2015

Now SEAC S.A. and Tecnofor S.A. will represent JCM’s newly acquired line of FutureLogic printing technology, in addition to JCM’s line of bill validation technology for sales and service.

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REIT offers to buy real estate of Pinnacle Entertainment
10 Mar 2015

Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.

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Macau gaming revenues fall a record 49 percent in February
9 Mar 2015

Casinos collected $2.44 billion from gamblers during the month, a drop of 49 percent. A year ago, Macau casinos collected a single-month industry high of $4.8 billion.

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Feb. decline marks Macau's worst gaming revenue month since 2011
9 Mar 2015

Despite what is normally a lucrative time period, the annual Chinese New Year, the region reported an overall gaming revenue total of $2.44 billion.

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Inside Gaming: Real estate investment trust concept could happen for MGM Resorts
9 Mar 2015

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

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Gaming Insider: Adding Buffalo a runaway hit for bar-top gaming
9 Mar 2015

Buffalo has been ranked as the best-earning slot machine game in the U.S. casino market for the past three years by Goldman Sachs in the Wall Street investment firm’s annual survey.

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Gaming revenue shifts trend, rises 7.75 percent in Nevada, 15.4 percent on Las Vegas Strip
2 Mar 2015

The January results ended five straight declining months of gaming revenue on the Strip.

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A revived locals market could push Station Casinos to IPO
25 Feb 2015

During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded once again.

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Inside Gaming: How would legalizing U.S. sports betting change Nevada's industry?
23 Feb 2015

If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?

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Riviera purchase seen being OK'd despite short-term job losses
20 Feb 2015

When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera Hotel and Casino on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition.

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Boyd Gaming narrows net loss in fourth quarter
13 Feb 2015

Boyd Gaming said its net loss for the fourth quarter was $32.4 million, or 29 cents per share. A year ago, the company lost $47.3 million, or 43 cents per share.

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Those bonus machines
12 Feb 2015

John Grochowski checks out the great bonus games people have been playing. Bonus machines have become main features of the gaming industry.

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