Administration and Finance News

Borgata parents could benefit if New Jersey legalizes Net bets
22 Jan 2013

The state's Internet gambling bill sitting on Gov. Chris Christie's desk could benefit the two Las Vegas gaming companies that own Atlantic City's largest resort.

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Win2day live in Belgium with OMEGA CORE
22 Jan 2013

Belgian licensed operator win2day.be has completed the launch of its multi-channel online gaming offering powered by the OMEGA CORE management system.

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Konami Gaming, Inc. secures license with Hasbro, Inc. for Dungeons & Dragons branded slot machines
16 Jan 2013

Konami Gaming, Inc. announces the completion of a licensing agreement with Hasbro, Inc. and Hasbro International, Inc. whereby Konami has the rights to design and manufacture slot machines using the popular Dungeons & Dragons brand.

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Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license
17 Dec 2012

Credit Suisse gaming analyst Joel Simkins attended a Springfield town-hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.

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Penn National Gaming submits application fees in Massachusetts
14 Dec 2012

Penn National Gaming has transmitted non-refundable application fees of $250,000 to the City of Springfield and $400,000 to the Commonwealth of Massachusetts in its bid to acquire a Massachusetts gaming license.

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Gov. Sandoval recognizes Gaming Laboratories for its investment, job creation in Las Vegas
12 Dec 2012

Kevin Mullally, GLI's general counsel and director of government relations, said GLI has invested $7 million in infrastructure and hiring in its Las Vegas facility, adding some 93 jobs in 2012. The upgraded 86,000-square-foot facility now employs 165 workers, he said.

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MGM Resorts in battle with Penn for lone western Massachusetts casino license
10 Dec 2012

Springfield leaders reportedly told officials from both MGM and Penn to play nice: The city doesn't want a repeat of what happened in Maryland.

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Co-CEO of bwin.party announces retirement
6 Dec 2012

Jim Ryan, co-CEO of Gibraltar-based Bwin.party Digital Entertainment, said in a statement he would leave the world's largest online poker company Jan. 15.

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Penn National plans split into two separate companies
19 Nov 2012

Analysts universally praised Wyomissing, Pa.-based Penn for the move, which separates 17 of the company's 29 casinos and racetracks into a real estate investment trust, often referred to as a REIT.

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Bwin's chief questioned; expect scrutiny
19 Nov 2012

Reports surfaced early last week in Belgium that Bwin.party co-CEO Norbert Teufelberger was questioned by police in Brussels.

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Regulators license MGM Resorts' planned Web gambling subsidiary
16 Nov 2012

MGM Resorts International's planned online gaming subsidiary was licensed Thursday by the Nevada Gaming Commission to operate an interactive poker website in Nevada.

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Fitch affirms view of Boyd, downgrades Borgata
13 Nov 2012

Fitch said increased competition from the Revel in Atlantic City, which opened in May, and competition from casinos in New York, Pennsylvania, Delaware and Maryland could slice into Borgata's market share.

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Inside Gaming: Piles of cash, torrents of tweets and lots of crazy - gaming's political lunacy
12 Nov 2012

It only cost Penn National Gaming $42 million to embarrass itself.

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Maryland vote dismays casino operator Penn National
8 Nov 2012

After investing more than $42 million into a failed effort to defeat Question 7, which allows the state to add a sixth casino in suburban Prince George's County, Penn National is expected to bid on the gaming license when the process begins in January.

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Caesars sells St. Louis casino to Penn National Gaming
4 Nov 2012

Caesars Entertainment Corp. said in a regulatory filing Friday it closed a $610 million sale of its Harrah's St. Louis casino to Penn National Gaming.

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