Howard Stutz, Las Vegas Review-Journal · May 27, 2013 at 10:10 am
Wall Street still isn’t sold on the efforts by Caesars Entertainment Corp. to get out from under more than $20 billion of long-term debt.
Caesars, which operates 10 casinos on or near the Strip, reported a 2.9 percent decline in net revenue for the first quarter earlier this month. But what troubles the analyst community was a net loss of $217.6 million, or $1.74 per share.
How the company, … [Read more...]
Alan Snel, Las Vegas Review-Journal · May 27, 2013 at 12:37 am
UNLV officials say they want a direct partnership with the major hotel-casinos of the Strip to build a new domed stadium on campus.
They’re counting on a proposed stadium authority and its 11-member governing board — which would include at least two tourism/hotel executives — to accomplish that.
The authority and board are part of Assembly Bill 335, which was heard by the Assembly Ways and … [Read more...]
Todd Dewey, Las Vegas Review-Journal · May 26, 2013 at 8:57 pm
Ten years after Chris Moneymaker parlayed a $39 investment in an online poker tournament into a $2.5 million payday as the 2003 World Series of Poker champion, the “Moneymaker Effect” continues to impact the poker world.
The Tennessee accountant’s historic upset victory ignited a poker boom in the United States and abroad, with the total number of entries and prize pool for the WSOP each … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 26, 2013 at 8:47 pm
Sequels are never as good as the original.
Just ask Las Vegas Sands Corp. Chairman Sheldon Adelson.
Apparently, he wants to star in his own version of “The Hangover Part III.”
Las Vegas Sands has lost the same breach of contract lawsuit twice in Clark County District Court.
Despite two jury defeats in six years, Adelson is looking for another day in court on a case that now is 9 years … [Read more...]
Associated Press · May 26, 2013 at 12:36 pm
CANBERRA, Australia (AP) — Prime Minister Julie Gillard announced legislation Sunday that would ban the promotion of live betting odds during sports broadcasts in Australia.
Gillard said Australians were becoming "increasingly frustrated" with the promotion of live odds during sports matches, some by bookmakers who appear to be part of broadcast teams.
Under the proposal, live odds would be … [Read more...]
C. Rajshekhar Rao, Associated Press · May 24, 2013 at 9:28 am
NEW DELHI (AP) - The owners of the Chennai Super Kings tried to downplay the role of a prominent cricket official Friday after he was summoned by police in Mumbai for questioning in an ongoing spot-fixing scandal.
Gurunath Meiyappan, who is the son-in-law of Board of Control for Cricket in India president Narainswamy Srinivasan, is reported to have been in touch with Bollywood actor Vindoo … [Read more...]
Chris Carola, Associated Press · May 24, 2013 at 9:20 am
SARATOGA SPRINGS, N.Y. (AP) - Mineral springs, gambling and horses.
In this world-famous thoroughbred racing hotbed, the four-legged stars who have drawn people here since the bloodiest days of the Civil War actually took third billing coming out of the 19th-century tourism starting gate, trailing the resort spas and the casinos that offered visitors a diversion in between the taking of the … [Read more...]
Associated Press · May 24, 2013 at 4:04 am
NEW DELHI (AP) - The chief executive of the Chennai Super Kings is likely to be questioned by police in Mumbai later Friday as part of investigations into spot-fixing in the Indian Premier League.
Gurunath Meiyappan, who is the son-in-law of Board of Control for Cricket in India president Narainswamy Srinivasan, is reported to have been in touch with Bollywood actor Vindoo Randhawa who is … [Read more...]
Associated Press · May 23, 2013 at 8:29 pm
FARMINGTON, Pa. (AP) - Pennsylvania's newest casino will open to gamblers in just over a month.
Officials announced Thursday that the $60 million Lady Luck Casino outside Pittsburgh will open on July 1 at noon, pending regulatory approvals.
Lady Luck Casino is part of the Nemacolin Woodlands Resort in Fayette County. It will feature 600 slot machines, 28 table games, a restaurant and a … [Read more...]
Steven DuBois, Associated Press · May 23, 2013 at 7:01 pm
PORTLAND, Ore. (AP) - Since opening in 1946, the Portland Meadows racetrack has withstood a fire that burned its grandstand to the ground and the massive flood that eliminated Vanport City. But it might not survive the exodus of gamblers who prefer the simplicity of slot machines to the inscrutable numbers inside the Daily Racing Form.
To help the North Portland track stay afloat, the Oregon … [Read more...]
Chris Sieroty, Las Vegas Review-Journal · May 23, 2013 at 4:29 pm
The Palms on Thursday rolled out a new website, another upgrade made to the off-Strip property that has spent $50 million in the last year remodeling the resort.
The new website includes a “responsive design,” making it easily accessible from any desktop, laptop, tablet or smart phone. The Palms site, www.palms.com, also features easy access to booking reservations and a strong social … [Read more...]
Wayne Parry, Associated Press · May 23, 2013 at 4:17 pm
ATLANTIC CITY, N.J. (AP) - Mitchell Etess thinks he knows the biggest thing that was wrong with New Jersey's oldest casino.
"There weren't a whole lot of people sitting around New Jersey or Pennsylvania that said, 'Let's go party tonight in Resorts,'" said Etess, whose Mohegan Tribal Gaming Authority now runs Resorts Casino Hotel. "I don't even think their parents were doing that."
But … [Read more...]
Michael Gormley, Associated Press · May 23, 2013 at 3:16 pm
ALBANY, N.Y. (AP) - Closed-door negotiations to expand casinos in New York call for five upstate casinos, including up to three in the Catskills and two video slot machine sites on Long Island, according to the bill released Thursday by Senate Republicans.
The bill calls for a Las Vegas-style casino in the Southern Tier's Tioga County; one in the Albany region, which includes Saratoga County, … [Read more...]
C. Rajshekhar Rao, Associated Press · May 23, 2013 at 6:22 am
NEW DELHI (AP) - India's sports minister is formulating a law to deal with manipulating matches to ensure it doesn't spread to other sports after test cricketer Shantakumaran Sreesanth and two other players were arrested for spot-fixing in the Indian Premier League.
"It's necessary that there is a law or a deterrent," Jitendra Singh said Thursday. "There's no guarantee that this is not … [Read more...]
Associated Press · May 23, 2013 at 5:01 am
SANTA FE, N.M. (AP) - A retired Rio Rancho police officer has been appointed by Gov. Susana Martinez to a board that regulates gambling in New Mexico.
The governor named Salvatore Maniaci to the state Gaming Control Board. He replaces former Attorney General David Norvell, whose term expired at the start of the month.
Maniaci has been an investigations sergeant for the board and is retired … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 23, 2013 at 12:21 am
A zip line-like thrill ride will connect the two towers of the Rio and send guests soaring more than 400 feet above the off-Strip hotel-casino.
The attraction, dubbed the VooDoo Skyline, is expected to open this summer, officials with the project said Wednesday.
Rides will start from the VooDoo Lounge, atop the Rio’s 50-story Masquerade Tower.
Guests will travel 845 feet to the top of the … [Read more...]
Cristina Silva, Associated Press · May 22, 2013 at 9:38 pm
PHOENIX (AP) - A ruling that allows the Tohono O'odham Nation to build a sprawling, Las Vegas-style casino in suburban Phoenix is improper because it is based on an objective interpretation of Arizona's gambling compact, state officials said in a court filing submitted Wednesday.
Instead, the court should base its decision on what both sides agreed the contract meant before it was approved by … [Read more...]
Associated Press · May 22, 2013 at 9:04 pm
PIERRE, S.D. (AP) - The Lower Brule Sioux Tribe filed a formal application Wednesday seeking federal approval of the tribe's plan to build a new casino along Interstate 90 near the town of Oacoma in central South Dakota.
In a written statement, Tribal Chairman Michael Jandreau said he presented Bureau of Indian Affairs officials with the tribe's request that the U.S. Interior Department find it … [Read more...]
Sandra Chereb, Associated Press · May 22, 2013 at 7:20 pm
CARSON CITY, Nev. (AP) - Opponents of a bill to ban sports betting kiosks at bars and taverns hope to make a defensive stand in the Nevada Assembly after the measure cleared the state Senate. If approved, SB416 would prohibit the free-standing sports-betting machines in small establishments with restricted gambling licenses as of July 1.
"We're still alive on the other side," said Keith Lee, a … [Read more...]
Associated Press · May 22, 2013 at 6:43 pm
FLINTSTONE, Md. (AP) - The newly christened Rocky Gap Casino Resort is opening its doors to the public in western Maryland.
The casino opened its doors Wednesday after winning approval from state gambling regulators. It is Maryland's fourth casino and will add 250 jobs to the resort formerly known as the Rocky Gap Lodge and Golf Resort.
The new casino features more than 550 slot machines and … [Read more...]
Norma Love, Associated Press · May 22, 2013 at 6:28 pm
CONCORD, N.H. (AP) - In line with decades of opposition to casinos, the House turned aside lobbying by the governor and arguments that New Hampshire should compete with Massachusetts for gambling dollars to vote down yet another casino bill Wednesday.
After two hours of debate, the House voted 199-164 to kill a Senate bill that would allow 5,000 video slot machines and 150 table games at one … [Read more...]
Wayne Parry, Associated Press · May 22, 2013 at 4:43 pm
ATLANTIC CITY, N.J. (AP) - The folks who write the checks that help keep Atlantic City's casinos afloat say Internet gambling can help revive the market's flagging fortunes.
Speaking at The East Coast Gaming Congress on Wednesday, a panel of Wall Street analysts said the investment community views Internet gambling as a way to finally end the city's seven-year losing streak. The state plans to … [Read more...]
Associated Press · May 22, 2013 at 4:05 pm
COLUMBUS, Ohio (AP) - A proposal that would effectively ban Internet cafes targeted as illegal gambling operations cleared the Ohio Legislature on Wednesday after more than two years of wrangling.
The Ohio Senate passed the measure on 27-6 vote, less than a year after blocking passage of a similar bill. Testimony by owners and employees of sweepstakes parlors failed to persuade legislators that … [Read more...]
Wayne Parry, Associated Press · May 22, 2013 at 3:49 pm
ATLANTIC CITY, N.J. (AP) - Atlantic City's casinos saw their gross operating profits plunge by more than 63 percent in the first three months of this year.
Figures released Wednesday by the state Division of Gaming Enforcement show the 12 gambling halls posted a collective gross operating profit of $41.4 million. That's down from $114.4 million in the same period last year.
Excluding Revel, … [Read more...]
Howard Stutz, Las Vegas Review-Journal · May 22, 2013 at 9:20 am
A management company headed by former Las Vegas Sands Corp. President Bill Weidner will oversee the centerpiece resort of a $3.5 billion hotel-casino complex in the Bahamas.
Baha Mar Ltd. announced Tuesday night that Global Gaming Asset Management of Las Vegas will operate the Baha Mar Casino & Hotel, which is scheduled to open in December 2014.
Weidner is the CEO of Global Gaming, which … [Read more...]
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