Indy Gaming: Casino operators and investors concerned about Macau plans for gaming license overhaul
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Macau government announced 45-day regulatory overhaul for gaming license renewal process. The announcement caused a wipeout of more than $18 billion in stock market value by investors. J.P. Morgan gaming analyst Joe Greff lowered his firm's ratings on Macau casino operators. For Las Vegas Sands, unlike Wynn and MGM Resorts, Macao has a much higher importance to the company. Las Vitesse Sands will be Asian-facing with six casinos in Macua and the Marina Bay Sands in Singapore. It will have a $6 billion annual revenue.
Jeffrey Silver was appointed to the Nevada Gaming Control Board in 1975. He was investigating organized crime figures and found out they disliked him. Frank "Lefty" Rosenthal was denied a gaming license for the Stardust on the Strip. Silver and a partner managed their own law practice for 29 years. They split up in 2015 and he joined Dickinson Wright. Jeffrey Silver will be inducted into the American Gaming Association’s Gaming Hall of Fame on October 4 at the Global Gaming Expo. He will serve as a counsel for Dickinson. Wright”s gaming and administrative law in Las Vegas.
Yoseloff started UNLV's Center for Gaming Innovation in 2013. The center has filed 40 patent applications on behalf of student-designed games. 18 of them have been commercialized and are being used in casinos. 12 former UNL students hold innovation or game design positions with gaming companies. The patented products have generated or are projected to generate more than $500,000. UNLL receives 20 percent of revenues. It provides financial and technical support for the development of the games, with the bulk going to the students.
The international terminal at McCarran International Airport has been all but dormant since the COVID-19 pandemic began 17 months ago. International travel to and from Las Vegas declined 79.5 percent in 2020. American Gaming Association CEO Bill Miller doesn't expect next month's Global Gaming Expo to reach the 27,000-person attendance figures it saw in 2018 and 2019. Scientific Games named Connie James as chief financial officer. The company spent billions of dollars developing its legacy lottery business and sports betting operation. Miller and MGM Resorts International CEO are participating in a panel discussion on the future of online gaming at IndyFest 2021.
