Administration and Finance News

Borgata, Boyd Gaming’s flagship resort in Atlantic City, may see a revenue boost from a far different means. That’s because Atlantic City is shrinking.

In a joint statement, the companies said they received notice from the Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

James Packer is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.

In the past few years, many new products never made it from the Global Gaming Expo trade show floor to a casino. A shake-up was needed.

GameAccount Network plc (“GameAccount Network” or the “Company”), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, announces the launch of China Shores online in the United States under its strategic partnership with Konami Gaming, Inc. (“KONAMI”) as announced in January 2014.

The transaction is the second high-profile gaming industry merger in less than a month.

The Las Vegas-based company said Thursday its net income for the quarter that ended June 30 was $700,000, or earnings of 1 cent per share.

Bloomberg News Service reported Thursday that Australian billionaire James Packer had acquired a portion of the loan covering the 34.5-acre site and would consider building a hotel-casino on the land.

Moody’s Investors Service recently downgraded its view of the U.S. gaming market from “stable” to “negative,” putting all the blame on regional gaming destinations where weak results have investors sweating.

This, despite sluggish gaming revenue results from many Southern and Midwestern states in recent months.

Orange Capital believes Pinnacle’s share price could increase between 60 percent and 90 percent in value if the Las Vegas-based company were to create a REIT.

Customers in the casino operator’s players loyalty program can earn a complimentary cabin for two on select cruises each year, exclusive cruise fares, and special offers.

The show takes place 12-14 August at the Sydney Exhibition Centre, and JCM will be exhibiting its “evolutionary” line of transaction technologies on stand #213.

A Bet A has finalised a deal to allow British and Northern Irish bookmakers to bet into the UK Tote pool with their new integration: Tote Express.

GLI's Professional Services division has been growing rapidly since its inception in 2012, and now the division’s leadership team has added a seasoned senior Lottery IT professional.