Australian slot machine manufacturer Aristocrat Leisure reported a $187.4 million net profit for the six months ending March 31, representing 53% year-over-year growth. The gaming company is setting its sights set on untapped markets, such as gamers from South Korea.
Building a casino in northern New Jersey can wait six more years, according to Jeff Gural, operator of the Meadowlands racetrack in East Rutherford, N.J. He has plans to build a Hard Rock casino at the racetrack but believes waiting until New York has opened three more casinos will make it easier for a casino expansion referendum to pass in his state.
Marcia Leclerc, mayor of East Hartford, Conn., is trying to revive interest in a once-rejected proposal to build a casino in her city. The state's General Assembly is considering options for casino expansion, and Leclerc has told lawmakers the East Hartford proposal could bring further economic development and attract more visitors to the region.
While some slot machine themes fall short for no apparent reason, those like "Sex and the City" and "The Wizard of Oz" that offer fun features and good gameplay will keep players coming back. If a slot machine doesn't entertain, no theme will save it, according to Olaf Vancura of Mikohn Gaming.
At the East Coast Gaming Congress and NexGen Gaming Forum this week, gaming executives shared insights about reaching millennials. The 21-to-34 age demographic seems to have little interest in traditional gaming, which could be tied to a lack of disposable income and a feeling of entitlement that doesn't mesh with gaming's risk-and-reward concept.
UK gamblers spent a record $17.8 billion in the fiscal year ending September 2016, according to a UK Gambling Commission report, and lawmakers are worried about massive spending on highly contested fixed-odds betting terminals. Politicians are considering tighter regulations on the terminals, which accounted for more than $6.4 million in spending per day.
The owners of the Grand Sierra Resort Hotel & Casino in Reno, Nev., will acquire SLS Las Vegas. The sale is expected to be completed by the fourth quarter, pending approval from the Nevada Gaming Control Board and the Nevada Gaming Commission.
Construction began this week on the smoke-free, $75 million Beach Casino at Island View Casino Resort in Mississippi. The gaming facility is expected to open next summer and will be connected to a smoking casino across US Route 90 by an enclosed crosswalk.
Paso Robles Central Coast Casino in California is relocating to a larger facility across the parking lot. The new space features 400 more square feet and higher ceilings and after renovations also will offer an improved bar and restrooms.
The Japanese government is receiving criticism from smaller cities over its bidding framework for gaming operators, which favors big cities like Osaka, Tokyo and Yokohama. "We need to be in a major city that's connected to a major international airport so we can bring in the millions of people that we want to host at our property," said Marina Bay Sands CEO George Tanasijevich.
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