Howard Stutz, Associated Press · October 19, 2013 at 12:12 pm
Caesars Entertainment Corp. withdrew late Friday from a proposal to build a $1 billion hotel-casino in Boston after questions about the company’s suitability were raised by Massachusetts regulators.
The company was building the casino in partnership with the Suffolk Downs racetrack. The track’s ownership group asked Caesars to withdraw from the bid after a meeting with regulators.
In a … [Read more...]
Associated Press · October 18, 2013 at 11:32 pm
BOSTON (AP) - The Suffolk Downs ownership group said late Friday that it dropped partner Caesars Entertainment from its bid to build a $1 billion resort casino at the racetrack, weeks ahead of a public vote on the proposal.
After gambling regulators briefed Suffolk Downs on their investigation into the proposal, racetrack executive Chip Tuttle wrote to Caesars, asking that the casino withdraw … [Read more...]
Associated Press · October 18, 2013 at 6:56 pm
EL CAJON, Calif. — A well-known professional gambler accused of cheating at cards at a San Diego-area casino has been extradited from Nevada to California.
The San Diego County district attorney’s office says 62-year-old Archie Karas won more than $8,000 in July by marking blackjack cards at the Barona Casino. He was arrested at his Las Vegas home in September.
Karas is a high-stakes gambler … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 18, 2013 at 12:08 pm
Lottery giant Scientific Games Corp. completed its $1.5 billion buyout of slot machine maker WMS Industries Friday, less than 10 months after the merger was announced.
New York-based Scientific Games announced the deal’s completion through a filing with the Securities and Exchange Commission. Scientific Games paid WMS shareholders $26 per share. The transaction was approved by WMS shareholders … [Read more...]
October 18, 2013 at 7:40 am
UNCASVILLE, Conn. (AP) - Ratings agency Moody's Investors Service says it expects to upgrade the Mohegan Sun Gaming Authority after the tribal operator of casinos in Connecticut and Pennsylvania announced a new debt refinancing plan.
The tribal authority announced on Thursday it's refinancing $715 million in debt. In response, Moody's placed the casino operator "on review for … [Read more...]
October 18, 2013 at 6:21 am
LANSING, Mich. (AP) - The U.S. Supreme Court plans to hear arguments in December on what power, if any, the state has to shut down an American Indian casino in northern Michigan.
The case could have implications for other tribal casino projects in Michigan. Arguments are Dec. 2. The court earlier agreed to consider the case.
The Bay Mills Indian Community opened a casino in 2010 in … [Read more...]
Phillip Rawls, Associated Press · October 17, 2013 at 6:24 pm
DOTHAN, Ala. (AP) - A judge ruled Thursday that machines seized from a gambling hall are illegal and can be destroyed, giving another victory to state Attorney General Luther Strange in his campaign to close privately operated casinos.
The Houston Economic Development Authority, a nonprofit group that operated Center Stage, argued that its games were legal electronic versions of traditional … [Read more...]
Hannah Dreier, Associated Press · October 17, 2013 at 6:03 pm
LAS VEGAS (AP) - Las Vegas Sands Corp. beat Wall Street's expectations with its third-quarter results as record profits in Macau helped make up for continued weakness in Las Vegas.
The gambling giant's net income nearly doubled, driven by growth at Sands' five Macau properties. Macau is the only place in China where casino gambling is legal.
Sands' billionaire CEO Sheldon Adelson on Thursday … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 17, 2013 at 5:40 pm
It’s all about Macau.
Las Vegas Sands Corp. said Thursday its financial performance for the third quarter rocketed past results from a year ago thanks to a growing business from the company’s casino holdings in Macau.
The casino operator, which operates The Venetian and Palazzo on the Strip, said its net profits increased 79.2 percent to $626.7 million for the quarter that ended Sept. 30. … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 17, 2013 at 3:39 pm
A former Station Casinos executive was named Thursday as president and chief operating officer of Detroit-based Rock Gaming, the partner of Caesars Entertainment Corp. in three Ohio casinos.
Mark Dunkeson will move to Detroit in his new role with Rock Gaming, which is controlled by Quicken Loans founder Dan Gilbert. He has been with Station Casinos since 2008 and most recently served as … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 17, 2013 at 2:19 pm
Penn National Gaming, which is spinning off its casino holdings into a separate publicly traded company, said quarterly profits declined due to soft gaming results in several markets.
The casino operator, which owns M Resort, said its net income for the third quarter that ended Sept. 30 was $41.3 million or 40 cents per share. A year ago the company reported net income of $46.4 million or 46 … [Read more...]
Michael Gormley, Associated Press · October 17, 2013 at 1:01 pm
ALBANY, N.Y. (AP) - The lawyer who argued the rosy re-wording of New York's casino gambling referendum illegally used tax dollars to push voters into approving the measure dropped his appeal Thursday.
Now, the referendum that would change the state constitution to allow Las Vegas-type casinos off Indian land will go to voters on Nov. 5.
"We can continue with our preparations for the general … [Read more...]
Wayne Parry, Associated Press · October 17, 2013 at 11:21 am
ATLANTIC CITY, N.J. (AP) - The two Trump casinos in Atlantic City received their Internet gambling permits Thursday, as New Jersey regulators continued preparing for the launch of online gambling next month.
Trump Plaza and the Trump Taj Mahal got their Internet gambling permits and join the Borgata and the Golden Nugget among casinos approved to begin Internet gambling.
Online gambling will … [Read more...]
Benjamin Spillman, Las Vegas Review-Journal · October 17, 2013 at 9:00 am
A proposal for a 100,000-square-foot shopping center in downtown Las Vegas moved forward Wednesday with support from the City Council.
The council voted unanimously in favor of a site development plan review for the proposed center near Casino Center Boulevard and Stewart Avenue.
The shopping center, on 3.46 acres of city land, would also include a six-story parking garage to accommodate … [Read more...]
Associated Press · October 16, 2013 at 6:31 pm
HARRISBURG, Pa. (AP) - Pennsylvania casinos reported Wednesday that table games saw a drop of about 3.6 percent in September compared to a year ago, adding to the woes of casino owners after slot machine revenues also saw a decline.
The Pennsylvania Gaming Control Board said the 12 casinos brought in $57.1 million from table games last month. That generated $7.4 million in taxes.
Including … [Read more...]
Wayne Parry, Associated Press · October 16, 2013 at 6:20 pm
ATLANTIC CITY, N.J. (AP) - The Golden Nugget Atlantic City has received New Jersey's second Internet gambling permit.
The state Division of Gaming enforcement awarded the casino its permit on Wednesday. The Golden Nugget is Atlantic City's second casino, after the Borgata Hotel Casino & Spa, to receive permission to start Internet gambling once it launches in New Jersey next … [Read more...]
Janet McConnaughey, Associated Press · October 16, 2013 at 6:03 pm
NEW ORLEANS (AP) - State-licensed casinos in Louisiana won $182.2 million in September - nearly 9 percent less than a year earlier.
The drop was nearly statewide and across all types of casinos, according to figures compiled by state police and released Wednesday by the Louisiana Gaming Control Board.
The single exception was the Isle of Capri in Lake Charles. It won $10.9 million - 3.4 … [Read more...]
Michael Gormley, Associated Press · October 16, 2013 at 2:34 pm
ALBANY, N.Y. (AP) - A judge on Wednesday dismissed a legal challenge to the rewording of a referendum on Gov. Andrew Cuomo's proposal to authorize seven more casinos in New York, a move that outraged good-government advocates as an attempt to dupe voters into approving the measure.
Acting Supreme Court Justice Richard Platkin ruled that Brooklyn lawyer Eric Snyder's lawsuit was filed too late … [Read more...]
Tim O’Reiley , Las Vegas Review-Journal · October 16, 2013 at 8:53 am
When Caesars Entertainment Corp. built up its air force by purchasing four private jets in 2006, it expected a refund of the $8.6 million use tax the next year.
Four rejections later, and the amount having risen to about $12 million with interest, the Strip heavyweight took its case to the Nevada Supreme Court on Tuesday. Whether it succeeds hinges on how the three-judge panel defines the first … [Read more...]
Howard Stutz, Las Vegas Review-Journal · October 16, 2013 at 8:49 am
The American Gaming Association’s No. 2 person in leadership resigned Tuesday from the organization she helped found.
Judy Patterson, senior vice president and executive director of the Washington, D.C.-based trade organization and gaming industry lobbying group, will remain as a consultant over the next year.
Geoff Freeman, the association’s president, announced Patterson’s departure in a … [Read more...]
Michael Gormley, Associated Press · October 15, 2013 at 5:34 pm
ALBANY, N.Y. (AP) - A lobbying group supporting more casinos held its latest in a series of statewide press conferences with local officials on Tuesday while an anti-casino group resorted to violence - against a slot machine.
Members of the nonprofit think tank Institute for American Values, the Coalition Against Gambling in New York and other anti-gambling activists took turns with a … [Read more...]
October 15, 2013 at 12:28 pm
HARTFORD, Conn. (AP) - Connecticut's Mohegan Sun casino says the halt in declining revenue in August resumed in September.
The Indian-run casino in Uncasville reported on Tuesday that September revenue was $49.9 million, down nearly $4.8 million, or 9 percent. It snapped a record of declining revenue in August with a tiny increase of $18,061.
Total wagering was $621.5 million, a $49 million … [Read more...]
Wayne Parry, Associated Press · October 15, 2013 at 11:24 am
ATLANTIC CITY, N.J. (AP) - Bally's Atlantic City embarked Tuesday on a $5.6 million makeover of its casino floor.
In addition to sprucing up the look and feel of the gambling areas, the project is designed to draw more customers, in part by moving high-energy table games to the edges of casino floor walkways instead of having them ensconced deep within gambling areas.
It will include new … [Read more...]
Associated Press · October 15, 2013 at 4:01 am
MURPHY, N.C. (AP) - North Carolina's Cherokee Indians are moving ahead with plans to build a second casino.
Tribal leaders are holding a ceremonial kick-off Tuesday for the $110 million project.
They say the new casino and hotel will create 900 jobs and inject as much as $39 million in wages into the western North Carolina mountains.
The new casino and hotel is owned by the Eastern Band … [Read more...]
Tim O'Reiley, Las Vegas Review-Journal · October 14, 2013 at 10:12 pm
It was not the showgirls or the bikini-clad dancers on an outdoor bar or the shirtless cowboy and Indian act or the spray paint artists or any of the hundreds of tourists’ T-shirts that stood out Friday night at the Fremont Street Experience.
Instead, what looked out of place was the sight of Clark County District Judge Elizabeth Gonzalez walking the length of the attraction, down one side and … [Read more...]
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