Las Vegas Gaming Wire
The World Cup now under way should turn up the heat for legalizing online gambling in the United States. The games will draw the heaviest betting of any sporting events ever, analysts say. With all the interest worldwide, millions of fans are expected to sign up for online gaming accounts for the first time over the next month. And once users have their accounts, watch for them to wager billions over and over again. Who wins? Not companies in the United States, where online gambling is against the law.
Deutsche Bank on Aug. 1 will move its equity research headquarters to offices just off the Strip. Bill Lerner, who has succeeded Marc Falcone as head of the operation after eight years with the Prudential Equity Group, and Grant Govertsen will move here from New York to head the office. Lerner said the move is a first for any Wall Street investment bank. Somer Hollingsworth, president of the Nevada Development Authority, said a Wall Street office leaving the mecca of finance for Las Vegas is huge. It shows investors are focused on gaming and Wall Street is keen on funding its expansion, especially here, he said.
Poker spectators can catch a gander at the greatest players anywhere starting this week at the Amazon Ballroom at The Rio. But a word to the wise from last year's experience. The floor will be jammed with security, Harrah's staff, World Series of Poker workers, players and the media. So be prepared for rude treatment and do your best to ignore it in order to stay out of the hair of security.
Despite the drubbing its ballot initiative got at the polls, the Chemehuevi Indian Tribe will keep trying to build a casino in Barstow, tribal members say. The ballot measure would have created a casino zone, which would have included land for the planned Chemehuevi joint, although it excluded the area where two out-of-town Indian bands want to build a gaming resort. The ballot item did not name tribes, however, so the indefatigable Chemehuevi, who have ancestral ties to the land, just have to pick up sticks and play in a new neighborhood.
American Gaming Association President Frank Fahrenkopf may want to watch his back. A Sioux Indian tribe with a casino in Minneapolis has put down $1 million toward buying a building next to the Chilean Embassy on Massachusetts Avenue in Washington, D.C., also known as Embassy Row. The American Indian embassy would be used as a platform for establishing a strong tribal presence in Washington, where heretofore the gaming association has only represented commercial casino operators.
Gaming Wire Editor Rod Smith can be reached by phone at 477-3893 or by e-mail at rsmith@reviewjournal.com.
The World Cup now under way should turn up the heat for legalizing online gambling in the United States. The games will draw the heaviest betting of any sporting events ever, analysts say. With all the interest worldwide, millions of fans are expected to sign up for online gaming accounts for the first time over the next month. And once users have their accounts, watch for them to wager billions over and over again. Who wins? Not companies in the United States, where online gambling is against the law.
Deutsche Bank on Aug. 1 will move its equity research headquarters to offices just off the Strip. Bill Lerner, who has succeeded Marc Falcone as head of the operation after eight years with the Prudential Equity Group, and Grant Govertsen will move here from New York to head the office. Lerner said the move is a first for any Wall Street investment bank. Somer Hollingsworth, president of the Nevada Development Authority, said a Wall Street office leaving the mecca of finance for Las Vegas is huge. It shows investors are focused on gaming and Wall Street is keen on funding its expansion, especially here, he said.
Poker spectators can catch a gander at the greatest players anywhere starting this week at the Amazon Ballroom at The Rio. But a word to the wise from last year's experience. The floor will be jammed with security, Harrah's staff, World Series of Poker workers, players and the media. So be prepared for rude treatment and do your best to ignore it in order to stay out of the hair of security.
Despite the drubbing its ballot initiative got at the polls, the Chemehuevi Indian Tribe will keep trying to build a casino in Barstow, tribal members say. The ballot measure would have created a casino zone, which would have included land for the planned Chemehuevi joint, although it excluded the area where two out-of-town Indian bands want to build a gaming resort. The ballot item did not name tribes, however, so the indefatigable Chemehuevi, who have ancestral ties to the land, just have to pick up sticks and play in a new neighborhood.
American Gaming Association President Frank Fahrenkopf may want to watch his back. A Sioux Indian tribe with a casino in Minneapolis has put down $1 million toward buying a building next to the Chilean Embassy on Massachusetts Avenue in Washington, D.C., also known as Embassy Row. The American Indian embassy would be used as a platform for establishing a strong tribal presence in Washington, where heretofore the gaming association has only represented commercial casino operators.
Gaming Wire Editor Rod Smith can be reached by phone at 477-3893 or by e-mail at rsmith@reviewjournal.com.