Administration and Finance News

Macau casino revenue dips record 23.2 percent in October
5 Nov 2014

Total casino revenue was $3.5 billion in October — Macau’s fifth straight monthly decline, the Macau Gaming Inspection and Coordination Bureau said Tuesday.

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Possible Boyd spinoff into REIT excites investors
5 Nov 2014

Shares of Boyd jumped almost 5 percent in value on the New York Stock Exchange last Friday, the day after the company said it spent $3 million on advisers to evaluate the idea of a REIT.

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Vote to reverse Bay State casinos appears losing — or will it?
3 Nov 2014

By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by 15 to 20 percentage points.

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Boyd Gaming evaluating REIT spin-off
31 Oct 2014

Boyd Gaming CEO Keith Smith said Thursday the company is working with advisors to understand the feasibility of the process.

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JCM Global embraces Latin American gaming industry, brings connection technologies to SAGSE
30 Oct 2014

At SAGSE, JCM will be showing a line of products carefully designed to help operators increase security and profitability and to make real connections with their customers.

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REIT sues Cannery Casino Resorts over racetrack casino purchase
29 Oct 2014

Gaming and Leisure Properties, the real estate investment trust spin-off from Penn National Gaming, said Tuesday it was unclear what impact the lawsuit that was filed in New York would have on closing the transaction, which was announced in May.

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Timing right for suitors to pursue Full House
29 Oct 2014

A group of Full House investors, led by former Pinnacle Entertainment CEO Dan Lee, predicts better days for the casino operator if it can remake the board and map out a new direction.

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Penn National sees revenue, profits decline
24 Oct 2014

Penn said its net income for the quarter that ended Sept. 30 was $8.5 million, or 10 cents per share, down from $35.3 million or 34 cents per share a year ago.

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Casinos in Japan: Not dead yet
23 Oct 2014

The investment community says gaming revenue in Japan could range from $10 billion to $15 billion annually, topping the yearly totals produced by Nevada and Singapore.

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The 'for sale' comes down at Sands Bethlehem
20 Oct 2014

Las Vegas Sands Corp. is prepared to invest $800 million in the development, now one of the top two gaming revenue producing properties among Pennsylvania's 12 casinos.

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Full House Resorts calls proxy fight "disruptive"
14 Oct 2014

The statement followed a proxy solicitation filed last week with the Securities and Exchange Commission by a group of Full House shareholders.

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Shareholder group seeks changes in casino operator Full House Resorts
13 Oct 2014

In a filing Thursday with the U.S. Securities and Exchange Commission, the group — led by former Pinnacle Entertainment CEO Dan Lee — said the company “has failed stockholders” and needs to replace its board and management team.

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TV shows, movies again the main theme at G2E
13 Oct 2014

“Mad Men,” “The Flintstones,” “Sons of Anarchy,” “Friends,” “Wonder Woman,” The Ellen DeGeneres Show,” “The Jetsons,” “Austin Powers,” “Duck Dynasty” and “Gremlins” were among the licensed brands prominently displayed in a slot machine format.

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Where'd the three-reelers go?
9 Oct 2014

John Grochowski explains why the three-reel slot machines are starting to give way to video games. "Times they are a-changin'."

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Boyd Gaming Corp. joins mobile wagering trend
7 Oct 2014

Boyd is the latest company to join the mobile wagering trend, following sports book operators William Hill and Cantor Gaming and local gaming rival Station Casinos.

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