Binion still casino hunting - Tuesday 13th of January 2009

Jack Binion is back in Las Vegas from a recent trip to Macau where he took a close look at the state of the casino business and decided that for the moment, "Itís too tough over there."

Whether he was speaking about the effects of a downturn in the Macau economy or the impact of recent travel restrictions from the mainland is not clear, but Binion noted, "They try and manage their economy more than we do."

Macau will do fine over a period of time, he said, but Binion left a listener with no reason to believe Macau is a place where he expects to invest in the gambling business. Binion is the former chief of Macau operations for Steve Wynn and was at one time looking for his own investment in the special administrative region of the mainland government.

What Binion would like at the age of 72 is a place in Las Vegas where he can spend time without flying halfway around the country or around the world.

But having said that, he and his team expect to re-bid for a casino license in southern Kansas near the Oklahoma border.

Other news from around the same time

Mark Lipparelli named to the Nevada Gaming Board - Tuesday 13th of January 2009

Mark Lipparelli, a former employee of the Nevada Gaming Board who spent a number of years in executi....


$135,000 winning lottery cards were printing errors - Tuesday 13th of January 2009

A CANADIAN who thought he had won $135,000 on four lottery scratch tickets has been told they were p....


Malta-based companies abetting illegal Internet gambling operations - Monday 12th of January 2009

Malta has served as a payment distribution base for the multi-billion dollar Bodog gambling empire, ....


Bets are off for Macau gambling boom - Monday 12th of January 2009

Macaus landscape shows the far reach of human ambition - land reclamations have joined up the two is....


Pubs given commercial gambling warning - Monday 12th of January 2009

Licensees have been warned not to allow commercial gambling on their premises after a customer was c....


Gamblers to be able to bet and win twice as much on slot machines - Monday 12th of January 2009

The machines maximum payout has been raised from £35 to £70 while users will be able to stake £1 rat....


Casinos given green light in Taiwan - Monday 12th of January 2009

After months of intense debate in government, the green light is finally given to embark on the deve....


Casino developer flips 15 CPW unit for $27M - Monday 12th of January 2009

A 2,848-square-foot apartment on the 38th floor of the tower at 15 Central Park West flipped for $27....


Lottomatica seeking to capitalise on Italys burgeoning gambling habit - Monday 12th of January 2009

From the country that pioneered the modern form of lottery 500 years ago and whose Christmas traditi....


Casinos Warm to the Idea of Legal Online Gaming - Monday 12th of January 2009

Strip casinos have been struggling lately to keep up their gaming revenues. Fewer people are visitin....