Howard Stutz, Las Vegas Review-Journal · December 4, 2013 at 7:03 pm
Nevada Restaurant Services Inc., which operates more than 80 Dotty’s taverns statewide, was given preliminary approval Wednesday by the Gaming Control Board to acquire the Hacienda near Boulder City.
The 289-room hotel-casino overlooking Lake Mead will be renamed the Hoover Dam Lodge and will close for a week over Christmas once the sale is finalized.
The Nevada Gaming Commission will make a … [Read more...]
Howard Stutz, Las Vegas Review-Journal · December 4, 2013 at 5:27 pm
Former Golden Nugget owner and Wynn Resorts Ltd. executive Tim Poster struck out Wednesday in an attempt to gain a preliminary finding of suitability from Nevada gaming regulators, an initial step toward receiving a full-fledged gaming license.
The Gaming Control Board spent more than 4 1/2 hours grilling Poster at a hearing in Carson City over a number of allegations raised by agents in their … [Read more...]
Associated Press · December 4, 2013 at 4:19 pm
DAVENPORT, Iowa (AP) - The company that owns the Rhythm City Casino on Davenport's riverfront will sell it to a developer who plans to build a new land-based casino.
Isle of Capri Casinos, Inc., announced Wednesday that it has reached a "definitive purchase agreement" with Scott County Casino, LLC, which is led by developer Dan Kehl. The $51 million sale is expected to close next year.
The … [Read more...]
Randall Chase · December 4, 2013 at 4:11 pm
DOVER, Del. (AP) - A reconfiguration of the revenue sharing plan for Delaware's gambling industry could be among the recommendations made by a commission examining how to address competition from neighboring states.
Lawmakers established the lottery and gaming commission earlier this year to examine the competitive marketplace facing Delaware's gambling industry. The panel, which met Wednesday, … [Read more...]
Associated Press · December 4, 2013 at 2:56 pm
HARRISBURG, Pa. (AP) - Total revenue from slot machines in Pennsylvania casinos is down more than 1 percent from a year ago.
The Pennsylvania Gaming Control Board said Wednesday revenue fell 1.3 percent in November compared to the same month in 2012.
The slot machines brought in just under $190 million, and generated $102 million in tax revenue.
The drop-off is 2.2 percent if the revenue … [Read more...]
Hannah Dreier, Associated Press · December 4, 2013 at 12:13 pm
LAS VEGAS (AP) - Las Vegas, where the only design rule seems to be that everything must mirror something else, is getting a new mall modeled on Istanbul's Grand Bazaar.
Construction began this week on the Grand Bazaar Shops outside of Bally's Las Vegas Hotel and Casino. The 2-acre (0.8-hectare) outdoor mall is expected to open next fall in the heart of the Strip.
Developer Larry Siegel … [Read more...]
Associated Press · December 4, 2013 at 12:04 pm
LUDLOW, Mass. (AP) - Ludlow has become the first surrounding community to sign a mitigation agreement with MGM Resorts International for its proposed Springfield casino.
The Select Board endorsed the pact Tuesday.
Board member Aaron Saunders says under terms of the agreement MGM will provide Ludlow with an annual payment of $75,000.
Ludlow and MGM will hire a third party to look into the … [Read more...]
Howard Stutz, Las Vegas Review-Journal · December 4, 2013 at 9:15 am
Even with competition from more than a half-billion dollars’ worth of elaborate Strip retail districts under development, Larry Siegel says his planned Grand Bazaar Shops near the entrance to Bally’s will stand out.
His design and concept inspiration was the “world’s great markets,” such as the Grand Bazaar in Istanbul, the night markets in Asia and the spice markets in India.
“We’re going … [Read more...]
Associated Press · December 4, 2013 at 8:50 am
Key Asian markets are in focus for the Nevada Tourism Commission this year.
The travel marketplace during the 2013 Governor’s Conference on Tourism will highlight China, South Korea and Japan. The event pairs travel product providers such as tour companies with travel agents who can package and sell the products.
To kick off the three-day state tourism conference, the Nevada Tourism … [Read more...]
December 3, 2013 at 7:58 pm
SPRINGFIELD, Ill. (AP) - State lawmakers have adjourned without approving legislation supporters say would give the horse racing industry a needed boost.
Arlington International Racecourse officials said in a Tuesday statement that they're disappointed.
Legislation allowing online betting on horse racing expires at January's end. Race dates would be severely cut if legislators don't renew … [Read more...]
Associated Press · December 3, 2013 at 12:56 pm
BOSTON (AP) - The Massachusetts Gaming Commission has delayed a final vote on whether to allow Suffolk Downs and Mohegan Sun to pursue a Revere-only casino, but a majority of the panel appears to be leaning toward removing one key potential obstacle.
Three of the five commissioners, including Chairman Stephen Crosby, indicated at Tuesday's meeting they did not believe Revere would have to hold … [Read more...]
Associated Press · December 3, 2013 at 11:16 am
NEWS: Isle of Capri Casinos returned to a profit in its fiscal second quarter, helped by a favorable ruling on litigation in Greece. But its adjusted results and revenue missed analysts' estimates.
The stock fell in Tuesday morning trading.
DETAILS: The St. Louis-based casino operator reported an increase in casino revenue as well as in revenue from hotel rooms. It also saw an increase in … [Read more...]
Mason Levinson, Bloomberg · December 3, 2013 at 12:01 am
Dec. 3 (Bloomberg) -- At least 14 people can make 1,000 times their wager if Auburn University’s charmed run continues all the way to college football’s national championship.
The Las Vegas Hotel Superbook sold 14 tickets after installing Auburn -- which went 3-9 in 2012 -- at 1,000-1 in January to win the national title. The odds have been slashed to 5-1 since the Tigers went 11-1 to move into … [Read more...]
Howard Stutz, Las Vegas Review-Journal · December 2, 2013 at 6:00 pm
Las Vegas Sands Corp. announced plans Monday to refinance the company’s existing debt using a consortium of banks.
The casino operator, which owns The Venetian and Palazzo as well as casinos in Macau and Singapore, said in the brief statement the proposed refinancing would extend the maturity dates for the company’s long-term debt and remove certain financial covenants.
As of Sept. 30, Las … [Read more...]
Wayne Parry, Associated Press · December 2, 2013 at 5:38 pm
ATLANTIC CITY, N.J. (AP) - The rush to get online and gamble in New Jersey is increasing.
More than 14,000 new online gambling accounts were created with Atlantic City casinos since Friday, bringing the total to 51,352 since a trial period started on Nov. 21.
Internet gambling was expanded statewide on Nov. 25 for six casinos: the Borgata Hotel Casino & Spa; the Trump Taj Mahal Casino … [Read more...]
Associated Press · December 2, 2013 at 5:37 pm
BOSTON (AP) - Gov. Deval Patrick is suing to block the Martha's Vineyard-based Aquinnah Wampanoag tribe from opening a small casino on the island.
Patrick on Monday filed a lawsuit with the state Supreme Judicial Court arguing that the Aquinnah ceded gambling rights in a 1983 settlement that secured tribal lands on the island.
The tribe has disputed that interpretation of the … [Read more...]
Associated Press · December 2, 2013 at 4:57 pm
PHILADELPHIA (AP) - A businessman who started the company that became casino and racetrack operator Penn National Gaming has died.
Peter D. Carlino died of heart disease at a hospital on Friday, Penn National spokesman Eric Schippers said. He was 92.
Carlino was the first president of the Keystone Racing Association and helped form Keystone Race Track, which became Philadelphia Park. He … [Read more...]
December 2, 2013 at 3:17 pm
BOSTON (AP) - Organizers of a petition to repeal the state's casino gambling law say they are "on track" to submit more than enough signatures to move their proposed ballot question forward.
Repeal the Casino Deal said in a statement on Monday that they expect to submit about 75,000 certified signatures to the Secretary of State by Wednesday's deadline. Supporters need a minimum of 68,911 … [Read more...]
Howard Stutz, Las Vegas Review-Journal · December 2, 2013 at 11:24 am
With one month left in 2013, Macau’s casino industry already has blown away its 2012 record gaming revenue production.
In November, Macau casinos collected $3.8 billion from customers, which, when added to the figures from the previous 10 months, gives the market $40.9 billion in gaming revenues in 2013. A year ago, Macau collected a record $38 billion from customers.
The Macau Gaming … [Read more...]
Associated Press · December 2, 2013 at 6:15 am
LEOMINSTER, Mass. (AP) - The state's gambling commission plans visits to the three communities that could play host to the first slots parlor in Massachusetts.
Commission chairman Stephen Crosby says the meetings will be the final opportunity for the panel to hear from local residents before awarding the only slots parlor license early next year.
The first meeting is scheduled for Tuesday in … [Read more...]
Associated Press · December 2, 2013 at 3:16 am
LITTLE ROCK, Ark. (AP) - The Arkansas Lottery Commission will meet this week with board members expected to discuss the financial health of the games and the marketing plan for the rest of the holiday season.
The commission is scheduled to meet Monday in Little Rock.
The commission oversees the operation of the lottery, the net proceeds of which provide scholarships for Arkansas students at … [Read more...]
Associated Press · December 1, 2013 at 6:14 pm
LAS VEGAS (AP) - Cantor Gaming is the latest Las Vegas-based gambling company to move into the Chinese market.
The sports betting and mobile gambling company announced this week that it will help operate a lottery club in the large northern city of Tianjin, along with partners Global Entertainment Investment & Management Co. and the Tianjin Welfare Lottery club.
Cantor will provide … [Read more...]
Associated Press · December 1, 2013 at 12:49 pm
The state's 2011 casino gambling law allows for three regional resort casino licenses and one slots parlor. After two years of twists and turns, the Massachusetts Gaming Commission, the independent state agency overseeing the law, hopes to grant the slots parlor license in early 2014 and casino licenses in the eastern and western regions later in the year.
Here is a look at the status of each … [Read more...]
Bob Salsberg, Associated Press · December 1, 2013 at 12:46 pm
BOSTON (AP) - For the casino industry in Massachusetts, this year was a bit like the experience of a gambler during a long evening at the blackjack table: giddiness after early success, then despair after mounting losses.
Now a series of key rulings expected from state regulators in the coming weeks could shape the future of casino gambling for decades to come.
From January, when nearly a … [Read more...]
Associated Press · November 30, 2013 at 11:22 am
CONCORD, N.H. (AP) - A panel drafting legislation to regulate casinos in New Hampshire is hoping to make its final decisions Friday so it can file its recommendations by a Dec. 15 deadline.
At its last meeting, the New Hampshire Gaming Regulatory Oversight Authority took a straw vote to include a maximum of 5,000 slot machines, the tax rate and number of locations in the regulations. That … [Read more...]
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