News

Catalina's 1929 Avalon Casino Getting Filled With Holograms Catalina Island's been on a hot streak with tourism (visitor counts and sales tax revenues are nudging close to record numbers), but it's hoping to cement its popularity for years to come by making some big changes inside the Avalon Casino—a move aimed at attracting a younger crowd to the locale. What do Millennials even like in a travel destination? The owners of the casino, the Catalina Island Company, are wagering that the answer is holograms, and they're planning to convert the handsome casino's inside into an "immersive attraction" that employs holograms to provide virtual tours of the island and "live" (hologram) concerts, says the LA Times.

Source: Crubed Website

Casinos and racinos contributed $3 billion to Ohio's economy in 2014, gaming association report says

CLEVELAND, Ohio - Ohio's 11 casinos and racinos contributed $3 billion to the state's economy in 2014 and supported approximately 17,600 jobs, according to a study commissioned by the American Gaming Association. Gambling also generated approximately $917 million in total tax revenues. The report was released Tuesday as officials of the gaming association, which represents the commercial casino entertainment industry, met with legislators and other officials at Hollywood Casino Columbus.

Source: Cleveland Website

DraftKings, FanDuel Are Uber to Casinos Eyeing Sports Bets

At the casino industry’s biggest trade show this week in Las Vegas, the hottest topic is a growing business that’s left major players like MGM Resorts International out of the action: fantasy sports.

The two leaders, DraftKings Inc. and FanDuel Inc., raised a total of $575 million in July from investors including KKR & Co., 21st Century Fox Inc. and Major League Baseball to attract players to games that pay out millions of dollars in cash prizes in daily contests.

Source: Bloomberg Website

CROOKED CRAPS DEALERS BUSTED AFTER THEIR SCAM TAKES BELLAGIO FOR $1.5M A pair of crooked casino dealers was indicted this week after scamming the Bellagio casino in Las Vegas out of $1.5m. On Wednesday, Nevada prosecutors dropped a multi-count felony cheating and theft indictment against Mark Branco and James Cooper, along with their two accomplices, Jeffrey Martin and Anthony Granito. The filthy foursome stand accused of dodgy dice dealings at the MGM Resorts property’s craps tables between July 2012 and July 2014. The scam was fairly pedestrian, but relied on a specific set of circumstances to pull off.

Source: Calvinayre Website

Nassau OTB eyes temporary spot for video gambling parlor

Nassau Regional Off-Track Betting will select a temporary site for up to 1,000 video slot machines and electronic table games by Dec. 1, with the facility opening as early as the spring, County Executive Edward Mangano said Tuesday. Mangano's 2016 budget proposal, released Tuesday, projects $20 million in new revenue for the county from the video lottery terminal parlor. The temporary VLT parlor could operate for a maximum of 18 months as OTB pursues a permanent location, Mangano said. Source: Newsday Website

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