Archive | Casino industry

AGA Says New Las Vegas Security Ranking is a ‘Positive Step’

AGA Says New Las Vegas Security Ranking is a Positive Step 300x158 AGA Says New Las Vegas Security Ranking is a Positive StepFollowing months of working with the Nevada congressional delegation, the City of Las Vegas and State officials to educate the Department of Homeland Security (DHS) about the unique security risks Las Vegas faces, the American Gaming Association (AGA) has something to be happy about.

The AGA said in a written statement recently that they applaud the new ranking as a step in the right direction that will make Las Vegas eligible to receive $3 million in security funding per year through DHS’s Urban Area Security Initiative (UASI), an increase from $1 million last year.

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Morgan Stanley Drastically Revises Estimates of U.S. Internet Gambling

Morgan Stanley Drastically Revises Estimates of U.S. Internet Gambling 300x168 Morgan Stanley Drastically Revises Estimates of U.S. Internet GamblingWith the introduction of regulated online gambling in the United States, well-respected Morgan Stanley recently conducted research, and provided estimates for the growth within the online gambling industry.

With the dismal results of the few states that have legalized online gambling, Morgan Stanley has revised the report they issued in September 2014, Poker Updates confirms.

Initially, Morgan Stanley believed that combined revenue for Internet gambling would reach $5.2 billion by the end of 2020. Now their new estimates are closer to half of that amount at just $2.7 billion.

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Amaya Gaming Shares Record Results For 2014

Amaya Gaming Shares Record Results For 2014 300x197 Amaya Gaming Shares Record Results For 2014Thanks to their ongoing innovation and thoughtful acquisitions, Amaya Gaming generated record growth for their 2014 fiscal year. As a whole, the company grew from $145.9 million in the 2013 fiscal year, to $668.2 million in 2014. EBITDA was up from 62.6 million to $292.7 million.

This growth is due in part to their acquisition of Rational Group, which is best known for its highly successful online brands PokerStars and Full Tilt.

Amaya Gaming shared that a significant amount of their growth occurred in the 4th quarter, where they grew from $4.8 million to $57.2 million. The significant 4th quarter growth is an excellent sign that fiscal year 2015 will be another record year. In fact, Amaya chairman and chief executive officer David Baazov expects growth to be over 1 billion in 2015.

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Delaware Partners With Nevada For Online Gambling

Delaware Partners With Nevada For Online Gambling 300x199 Delaware Partners With Nevada For Online GamblingDelaware is still one of only three states to legalize online gambling, but as of yet their online gambling revenues have been dismal. In an effort to encourage more residents to gamble online, Delaware has partnered with 3 Nevada casinos.

Per the agreement that state officials approved in February of last year, Delaware residents over the age of 21 years old can participate in online poker though Nevada websites for Delaware Park, Downers Grove, and Harrington Raceway casinos.

According to Delaware Online, the hope is that by expanding both the selection of games, and offering online gambling with some of the more noteworthy Las Vegas casinos, an uptick in revenue will soon follow.

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Hotels Make More Room for Online Reputation Management

Hotels Make More Room for Online Reputation Management 300x172 Hotels Make More Room for Online Reputation ManagementThe rule in brick-and-mortar retail is said to be “location, location, location.” For hotels today, it’s “reputation, reputation, reputation.”

New research by Ipsos MORI for TripAdvisor suggests that due to the importance of online ratings and reviews, hotels are most likely to invest extra dollars in online reputation management.

About 75 percent of hotels agree that online traveler reviews were very important to the future of their business, and “nearly the same percentage said this about online reputation management overall.”

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iGaming Investor Conference Hits NYC Tomorrow

iGaming Investor Conference Hits NYC Tomorrow iGaming Investor Conference Hits NYC TomorrowStart spreading the news.

On Tuesday, more than three dozen of America’s largest institutional investors will be in the Big Apple.

These financial titans, all of whom have a “significant investment in the Gaming and Leisure sector,” will attend a one-day iGaming Investor Conference at Morgan Stanley’s New York Office.
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iGaming Diversity Kicks into High Gear with Pala in NJ

iGaming Diversity Kicks into High Gear with Pala in NJ 300x240 iGaming Diversity Kicks into High Gear with Pala in NJPala Interactive, of the fastest growing real-money gaming providers, isn’t holding back in the Garden State.

As cries for more innovation and options ring out across the New Jersey iGaming space, Pala is answering the call.

PalaCasino has just announced the launch of 27 new games through its online platform PalaCasino.com.
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GameAccount and Maryland Live! Partner to Launch Simulated Online Gaming

 GameAccount and Maryland Live! Partner to Launch Simulated Online GamingIt’s a deal.

The news has just reached us that online gaming systems and software firm GameAccount Network will partner with U.S. land-based Maryland Live! Casino to launch a Simulated Gaming online experience.

Open to both new and existing customers, the Simulated Gaming venture is set to launch sometime during the second quarter of 2015.

“The new service will be made available via MarylandLiveCasino.com and integrated with the facility’s customer management system, which will allow players to use their Live! Rewards Card when playing,” noted iGamingBusiness.

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Big Time Battle: Caesars Entertainment Corp vs. Las Vegas Sands in Online Gambling Rumble

Big Time Battle Caesars Entertainment Corp vs Las Vegas Sands in Online Gambling Rumble 300x208 Big Time Battle: Caesars Entertainment Corp vs. Las Vegas Sands in Online Gambling RumbleIt’s one of the biggest brouhahas in Las Vegas: could online gambling be a boon to the casino industry?

There are pros and cons, of course. But the two big players are definitely gambling types.

“Caesars Entertainment Corporation leads the group of Vegas casino operators that are backing the legalization of online gambling in the United States. They believe that once online gambling becomes legal, Las Vegas-based casinos stand to benefit tremendously,” according to StreetWiseJournal.

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Bally in Business with Spirit Mountain Casino

Bally in Business with Spirit Mountain Casino 300x194 Bally in Business with Spirit Mountain CasinoScientific Games Corporation confirmed to mGamingWatch on Monday that Spirit Mountain Casino has selected the Company’s Bally systems solutions for its property in Mohave Valley, Arizona.

“Spirit Mountain will replace a competitor’s systems with the Bally SDS slot management system, which will be deployed across 250 slot machines to manage casino, slot, and hospitality data,” reads a provided statement.

SDS provides what the statement calls crucial game-monitoring data in real-time and fully integrates with other systems including the Bally CMP player-tracking system, which the casino also will utilize.
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