The ECA will present the first-ever Slot Floor Excellence Awards at ICE Barcelona 2026, honouring outstanding teams and talent in European casinos.
The ECA will present the first-ever Slot Floor Excellence Awards at ICE Barcelona 2026, honouring outstanding teams and talent in European casinos.
New York (Dow Jones)--While privatizations, bankruptcies and crippling debt have already altered the landscape of the casino industry, the brutal recession will likely give it an extreme makeover. Wall Street is expecting a much different gaming market once the dust settles from the recession, and some investment banks, such as Morgan Stanley, are already dropping equity coverage of casino companies to reallocate resources.
Atlantic City, New Jersey - A New Jersey congressman says the USD 787 billion federal stimulus package is hurting the casino industry in Atlantic City. U.S. Rep. Frank LoBiondo wants to change a provision in the stimulus law passed in February that bans the use of money that benefits casinos or other gaming establishments. LoBiondo says Atlantic City is losing millions of dollars in business as a result of the provision.
Rincon Indian Reservation - Harrah's Rincon Casino said Monday that it has cut 66 jobs since summer, a relatively modest number that nonetheless adds to recent losses in an industry once said to be recession-proof. Many of the positions have merely opened up and gone unfilled, casino spokeswoman Sheryl Sebastian said. The casino has laid off some employees and shifted others from one position to another in an attempt to avoid further layoffs, she said.
Though the government has lifted the ban on gambling on Taiwan’s outlying islands, much remains to be done before a casino industry takes off, as the ventures require major infrastructure improvements and may prove unprofitable, analysts and officials said yesterday. The proposal to legalize gambling cleared the legislature on Monday, but restricted casino facilities to outlying islands as part of an attempt to boost tourism.
After months of intense debate in government, the green light is finally given to embark on the development of a casino industry in the islands of Taiwan. The Council for Economic Planning and Development (CEPD) compiled a detailed report pointing to the need for developing a casino industry in Taiwan. Among others, the industry is likely to employ some 5,000 full-time workers plus an additional 15,000 temporary workers.