Online Slot Machine News the latest and greatest

8Jun/11Off

Harrah Misses Slot Machine Data – Fined $20,000

At Harrah’s Resorts, it was discovered that for 154 days in 2008 and 2009, key electronic data was missing from the casino's slot machines and therefore it has been fined $20,000. The computer data helps the state to calculate its share of the tax revenue generated by slot play and it provides an accurate count of the cash inside the machines.

In documents posted on the website, the New Jersey Division of Gaming Enforcement disclosed that because of space limitations, the information was "permanently lost" from a backup storage system consisting of magnetic tape.

Parent company of Harrah, Caesars Entertainment Corporation has agreed to pay the fine. Regional Vice President of Marketing for Caesars Entertainment, Jennifer Weissman said that to regulations, Caesars Entertainment takes the adherence very seriously. He added that they are confident that all issues have been resolved and they recently have received an order approving the proposed settlement.

Meanwhile, it was reported that Harrah's Chester Casino and Racetrack slot revenue fell 10.98 percent in May. The report explained that seven out of the nine Pennsylvania casino properties witnessed a decline in revenue in May when compared to last year in the Pennsylvania Gaming Board figures. Compared to $25.8 million in May 2010, Harrah’s slot revenue was $22.97 million last month.

Harrah was one of seven that experienced a drop in gross revenues and it was one of the nine Pennsylvania casinos open for business last May. Thanks to the September opening of SugarHouse Casino in Philadelphia, the statewide total was up 2.28 percent statewide, to $205.5 million.

Jumping 16.58 percent from $20.4 million to $23.8 million, Rivers Casino in Pittsburgh was the only property to experience a robust increase. At Mt. Airy Casino in Monroe County, revenue was up a modest 1.7 percent.

28May/11Off

First Online Casino License for Casino Gran Madrid

CasinoThe first operator from the autonomous region of Madrid in Spain to obtain an online gambling license is Casino Gran Madrid. The Casino Gran Madrid online casino will be controlled by the leading software provider Playtech. The online casino is based on an existing agreement signed as far back as 2009. An entire range of Playtech online casino games such as blackjack, roulette and slots and online poker will be on offer. The Spanish solutions provider Media Tech will make available all the player management system for the online casino.

According to a report by eGaming Review, Casino Gran Madrid obtained the license on May 17 and it is now certified to offer poker, blackjack, roulette and slots on its website. The public pronouncement was postponed until local elections had taken place. Powered by PlayTech software, all of these will be launched soon. CGM is the first to be certified by the government of Madrid for online play, although Madrid issued authorizations to existing land-based casinos and bingo halls in 2006/2007 for offering online betting, casino and bingo.

Director of Information Systems at Casino Gran Madrid, Jorge Casanova said that company’s assurance to innovation in the industry has been represented by the online casino. He said that during the certification process, the gaming software would go through more than 200 million simulated plays. The process is to check for any technical problems or probable security problems and it will ensure that the servers can handle the traffic.

16Apr/11Off

Foxwoods Resort Casino’s March Revenue Witness Rise

CasinoFoxwoods Resort Casino’s March revenue augmented compared with a year ago. It reported its first slot machine gain of the year. For the month, Mohegan Sun faced declines in revenue.

March revenue rose 0.3 percent to $55.1 million at Foxwoods and MGM Grand at Foxwoods. Foxwoods reported that Total slots intake climb 0.8 percent to $655.8 million from a year ago. In “win” to $62.7 million, Mohegan Sun had a 1.6 percent decline while “handle” fell 1.2 percent to $776.9 million.

The Mashantucket Pequot Tribe, which owns Foxwoods, also reported today that to the state Division of Special Revenue, it forwarded $14.7 million of its slots. The Mohegan Tribe, which owns Mohegan Sun, made $16.1 million payment to the state.

Foxwoods President and CEO Scott Butera said that various inventiveness have been recently embarked upon them by the Foxwoods Resort Casino, which guarantees that our customers have the finest gaming experience conceivable.

A number of new slot machines were in recent times launched by Foxwoods, including “Star Wars Druid Hunt” and “The Godfather”. Slot machines can be enjoyed by the guests including Rock Around the Clock, Tarzan and Queen (based on the legendary rock band).

AC Coin & Slot have also entered into a contract with Foxwoods. A 30-day access to 120 new bonus games is allowed to Foxwoods after this contract. The bonus games include “Phat Cats”, “The Stray Cat Strut” and “Rock and Roll Legend”.

Foxwoods is going distant past cutting edge gaming technology for customer advantages. Resort casino’s popular customer loyalty program; receive $10 in free bonus slot play for new players who sign up for a Dream Card now through April 30.

5Mar/11Off

Player from Rochester Wins $500,000 Jackpot

A Rochester woman, after a trip to the Seneca Niagara Casino & Hotel this past weekend is $500,000 wealthier. On Aristocrat’s Millioni$er penny slot machine, the player, Monica M., placed a maximum bet of $2 and her spin resulted in the jackpot bonus feature. On the video screen, she then preferred three coins and all turned over to reveal “Grand Jackpot” symbols.

Vice president of slot operations B.J. Martin said that in the history of Seneca Niagara Casino & Hotel, this is one of the biggest jackpots. He extended his heartfelt best wishes to her family to enjoy more of what life has to offer for her life-changing triumph. For the game, the $500,000 jackpot is the maximum amount and will be paid by Aristocrat Technologies, Inc.

With four different jackpot levels that can be generated arbitrarily during game play, Millioni$er is a Hyperlink progressive and sports a patented second-screen feature. Players prevailed jackpots more often, as the four-tiered progressives give Millioni$er, an elevated hit frequency. As an annuity over a 20-year basis, Millioni$er jackpots are paid out.

Aristocrat Technologies Inc. is one of the most important worldwide providers of gaming solutions and it is a subsidiary of Aristocrat Leisure Limited (ASX: ALL). The company products and services are offered in more than 90 countries around the world and it is accredited by more than 200 regulators.

The Seneca Niagara Casino & Hotel is situated near the Canadian border, just minutes from the world-renowned Niagara Falls in Western New York. The property is open 24 hours a day. With 4,000 slot machines and 100 table games, visitors can enjoy 147,000 square feet of gaming space, 10 restaurants, live entertainment and an AAA Four Diamond award-winning, 26-story hotel with 594 deluxe rooms, a spa and salon, fitness center and indoor pool.

9Feb/110

Revel Casino Project Back From Dead

The Wall Street Journal reported that the Revel casino project in Atlantic City, New Jersey, is close to raising $1.15 billion to help complete construction, putting it on track to open in 2012, citing unidentified people familiar with the matter.

The Journal said that Revel would get $850 million from a private placement that gives lenders a first-lien claim on the 1,100-room resort. According to the newspaper, in mezzanine financing, it would also obtain $300 million.

Revel is projected to contain 1,900 to 3,800 hotel rooms, 150,000 sq ft. of gaming space, 500,000 sq ft. of entertainment space. At 47 stories (710 ft), the hotel tower is the tallest structure in Atlantic City and the second tallest in the state of New Jersey. The property will house a 5,000-seat arena, 40 "upscale" retail shops and 20 restaurants. In the United States, the tower is also the second tallest casino tower.

Mr. Christie, a Republican who built a reputation on spending cuts, hopes to revitalize the economy by slashing the regulation. Christie also signed bills, which should result in a much larger sports betting industry that could rival that of Las Vegas and allow exchange betting in the state. An Atlantic City tourism district is being created by Christie, which is aimed at making the area more appealing to visitors.

The unfinished Revel Casino project is one of the casinos that will benefit the most from Christie’s actions. The credit markets dried up and Revel Entertainment Group ran out of funding for the project, in the height of the recession, which resulted in stalling the construction in January of 2009. In 2012, the casino resort was slated to open, but without the funding, completion of the casino no longer seemed a certainty.

Political leaders, who have anguished about Atlantic City's loss of its monopoly on East Coast gambling, get fresh hope after the project's resurrection since December. However, some analysts and operators fear that an already depressed gambling market will be cannibalized by resuming construction on Revel.

The outcome for Morgan Stanley will not change the outcome by infusion. The project was spear headed by Morgan Stanley and it wrote down nearly its entire $1.2 billion investment. The New York firm will cash out with a mere $30 million, as a part of the restructuring.

25Jan/11Off

Casino: Newcastle FC Owner Loses £1m in Gambling

Newcastle United football club owner Mike Ashley, in just a couple of hours gambling at a casino, blew up a staggering 1million pounds. Ashley and team manager Alan Pardew went on to lose a huge amount on craps, a game of dice, in a single session. Pardew had initially hit a winning streak and he scooped up 130,000 pounds. They were in the casino for just a couple of hours.

At around 2 a.m., forty seven-year-old Ashley embarked on his disastrous run, apparently losing the first 30,000 pounds in just 'about ten minutes'. At 4 a.m., both finally left and by that time, had lost 970,000 pounds. Ashley had a smile on his face while tipping the dealer 700 pounds and he didn't seem to be bothered at all by the loss.

A source claimed to the Sun that he covered the table with bets. He bet thousands at a time, tens of thousands sometimes. His gesture to tip the dealer 700 pounds was unusual as people usually only give a tip if they've won. He had lost 1 million pounds. With a game of 'spoof', Ashley had once apparently resolved a £200,000 legal bill.

Ashley is not the only celebrity to have been spotted trying their hand at gambling. Katy Perry and Russell Brand were recently seen playing blackjack. They were celebrating the birthday of Perry's grandmother. At the Planet Hollywood Resort and Casino in Las Vegas, couple was at a party put on for 90-year-old Ann Hudson.

12Jan/110

Casino: MGM Resorts International To Entice Customers

Casino operator MGM Resorts International, to entice customers is relaunching its gambling loyalty program with an 11-week sweepstakes, with potential rewards.

On Tuesday, the Las Vegas-based company launched M Life as part of a new company effort to better track the spending habits of its customers. On gambling, the program will track and reward spending and will do the same for non-gambling spending at company resorts later this year.

The sweepstakes include prizes including a Detroit Tigers baseball weekend at the MGM Grand in Detroit or a weekend stay at a suite at the Aria Resort & Casino, VIP ringside seats at a prizefight.

On the Las Vegas Strip, the introduction of the loyalty program competes with MGM's rivals, many of whom offer loyalty programs and players clubs, thanks to association with larger brands. Customers are currently allowed to earn loyalty points and redeem rewards at various hotels and retailers by the Venetian and Palazzo (both part of the InterContinental Hotels Group system) and the Cosmopolitan resort (part of Marriott's Autograph Collection). However, by introducing gaming and the casino into the mix, MGM Resorts' program goes beyond traditional hotel loyalty program.

The program will allow "players" to gamble their way to hotel benefits including free rooms and upgrades, pre-sale tickets to concerts and shows and VIP services. The program will have four tiers (Sapphire, Pearl, Gold and Platinum). To instantly redeem rewards, the Express Comps feature will enable guests to use their card anytime.

The company said that the rewards are also more personalized. For example, a guest might receive an offer for an upcoming Lady Gaga show, if he or she attends a Madonna concert. A concertgoer could receive an offer for the Country Music Awards, if he attended a Trace Atkins show

At a shareholders' meeting in June, MGM Resorts first announced its M Life program when the company changed its name from MGM Mirage. On the all-inclusive membership card in Las Vegas, the company is the latest to cash in. For more than a year, Caesars Entertainment’s Total Rewards program has been tracking nongaming spending.

7Dec/10Off

Hollywood Casino Perryville Generated $7.6 million

Generating $7.6 million, or $168.64 daily per machine, Hollywood Casino Perryville's revenue moderated in November after a strong start.

Than October's take, the daily revenue last month is lower. During the first full month of operation, it averaged $245 daily per machine, announced the Maryland Lottery. With 1,500 machines, the Cecil County casino, which remains the state's sole slots parlor is generating higher-than-expected revenue.

Fueled by the excitement surrounding the opening, officials with the Perryville casino had cautioned that the higher revenue at the beginning would level off. In the industry, the fourth quarter is generally a slow period.

County Commissioner Rebecca Demmler said that there is some public misconception that the commissioners can use this money to spend any way they like, which is not true. She said that before she leaves office Dec. 13, she wants to set the record straight when three newly elected county commissioners are sworn-in. Demmler said that after hearing suggestions that the county use the slots revenue to lower taxes, came her response.

Director of Ball State University’s Center for Business and Economic Research, Michael Hicks said that before settling down to see typical earnings, casinos often see a “burst of activity”. He said that such a swift drop in revenue could be a big cause of concern. Hicks also said that there might be little the casino and the state lottery agency can do, if the revenues are continually disappointing.

He said that it is sad to say that the things they can do are very much out of their hands. Location makes the biggest effect, with one-armed bandits. There is not much to do to people through the door, if it is in a good location and brand-new. According to him, it has all the marketing in the world going right now, even though he thinks that marketing does help quite a lot.

18Oct/10Off

Alberta Puts Charitable Casino report On Hold: Casinos Update

A report concerning the future of charitable casinos in the Canadian province of Alberta was shelved by Solicitor General Frank Oberle on Tuesday.

Based on travels to nine cities, six recommendations made by three MLAs were offered in the report. Opinions from more than 1400 Alberta residents and 400 written submissions with an estimated cost of $21,000 are also included in the 86 page report.

Oberle stated that he feels the recommendations in the report are not the way to go, and announced plans not to do anything for neither for charitable casinos nor for online casino gambling in the immediate future. Stating that there is no cause for concern, Oberle added that existing policies would be maintained for the remaining budget year.

In response to charities' concerns over unequal distribution of raised money at casinos throughout the province, the committee was formed in 2009.

The Committee, whose recommendations included suggestions that the province redraw casino region boundaries so that money is distributed equitably, was chaired by MLA Dough Griffiths. This would also make wait times similar for all charities involved, it was felt.

Charities in Calgary raise an average of $47,000 annually compared to $7,000 for Camrose, according to the report. Charities in Lethbridge have an average wait time of 34.5 months to hold a casino compared to Fort McMurray at 16 months.

While the committee chair is paid $1500, committee members are paid $1000 a month to sit on the committee. The report raised as many questions as it answered and would research other ways to offer solutions to the problems raised by report submitted six months ago as said by Oberle.

21Sep/10Off

Casinos: Sands Corp. Looking For A Name Change

A change in name is what Las Vegas Sands Corp is contemplating as it builds two new gambling sites in Macau.

Since 1989 when it purchased the Las Vegas Sand Hotel, the organization has been operating. Since then the Corp has spread its wings as it now also operates resort in Singapore, a casino in Pennsylvania and the Venetian and Palazzo resorts in Las Vegas, three other casinos in Macau.

The change in name could come as early as November when they have their next board meeting, said a company spokesman, Ron Reese. He suggested that to their current and future image, changing their name to something more global would be more fitting.

The company is often thought of as only a Las Vegas company, with the current name. They would be recognized as a company that also serves other areas of the world, with a change to something more universal.

It would be a similar decision to what MGM Mirage did in June when they changed their name to MGM Resorts International, if Las Vegas Corp was to change their name to something more global. It is impossible to say if the name change was indeed spurred by the locations they operate in or as a competitive measure against MGM Resorts International, as the two companies are rivals.