Rhode Island Voters May Pass Gambling Expansion
Should Rhode Island voters have a chance to say yea or nay to full-scale casino gambling at Twin River and Newport Grand? That question will be up for debate Wednesday when the Senate Committee on Constitutional & Regulatory Issues holds a public hearing on a bill to put that question on the ballot during the next statewide general election.
Tuesday, May 05, 2009
World Series of Slots Crowns First Champion
The first-ever World Series of Slots™ tournament, held in April at the Golden Nugget Hotel & Casino, welcomed 280 competitors battling head-to-head through eight exciting rounds, and gave away a total of $262,000 in prize money.
Tuesday, May 05, 2009
MGM Mirage Profits are on the Rise
No one was surprised that MGM Mirage reported a decline in net earnings during the first quarter. That was old news. Wall Street wanted to know Monday if business at MGM Mirage's nine Strip resorts was picking up.
Tuesday, May 05, 2009
European Poker Tour Crowns Monte Carlo Event Champion
The PokerStars.com European Poker Tour has a new Grand Final champion. Pieter de Korver, 26, from Leeuwarden, Holland, a member of the new Team PokerStars Pro Netherlands, has won €2.3million at the richest poker tournament ever held outside Las Vegas.
Tuesday, May 05, 2009
Tropicana Sale Approved by New Jersey Panel
New Jersey's Casino Control Commission yesterday unanimously approved an agreement of sale reached by the trustee for Tropicana Casino Resort and a group of lenders that includes billionaire developer Carl Icahn.
Tuesday, May 05, 2009
Mohegan Sun Second-quarter Revenues Fall 16%
Revenues at Mohegan Sun fell more than 16 percent in January, February and March, but the losses were partially offset by a cost-containment program that reduced the casino's operating expenses by more than 18 percent.
Tuesday, May 05, 2009
April Produces Stock Increases for Gaming Industry
For the first time since August, gaming stocks collectively took a positive turn. The 10 casino operators and slot machine manufacturers charted by Las Vegas-based financial consultant Applied Analysis all showed double-digit increases in their average daily stock prices over their March totals.
Tuesday, May 05, 2009
Philadelphia Poll Shows Favor Toward Slots
In a new poll of Philadelphians, slightly more than half favored bringing slots gambling to the city, and most liked the idea of a casino on the waterfront but not downtown.
Monday, May 04, 2009
Florida House Responds to Gambling Initiative with Counteroffer
counteroffer on casino gambling from the House on Friday has nothing about blackjack and slots for Palm Beach County but a second dog track could be in the cards.
Monday, May 04, 2009
Casino Construction in Atlantic City Effected by Credit Crunch
Credit markets are key to funding new casino projects in Atlantic City. With the nation in a credit crunch Atlantic City casino developers are unsure when projects will be complete, if ever.
Monday, May 04, 2009
CityCenter Finally Reaches Funding Agreement with Investors
MGM Mirage and Dubai World ended a 5-week-old public feud Wednesday by agreeing to a comprehensive plan to fully fund and complete the $8.5 billion CityCenter development.
Thursday, April 30, 2009
Florida Lawmakers Likely to Reject Gambling Deal
Though they're raising fees and taxes to fill a budget hole, state lawmakers appear likely to reject at least $355 million from gambling interests because they're struggling to find common ground.
Thursday, April 30, 2009
Caesars Windsor Unveils 50 New Slot Machines
Caesars Windsor displayed 50 new slot machines Wednesday -- including some making a world debut -- by letting customers take them for a spin.
Thursday, April 30, 2009
After Long Battle, Bonomo Wins World Series of Poker Circuit Event
After several circuit losses, Justin Bonomo earned his first career gold ring and $227,692 in prize money.
Thursday, April 30, 2009
Steve Wynn Looking to Buy Back Bellagio
Nine years after selling Mirage Resorts to MGM Grand Corp., Steve Wynn may be looking to buy back some of the Strip properties he originally designed and built. Wynn, now chairman of the company that owns Wynn Las Vegas and Encore, told Bloomberg News on Tuesday he would be interested in acquiring casinos owned by debt-strapped MGM Mirage if the Strip casino giant is forced to sell some of its assets to pay down debt.
Thursday, April 30, 2009
Swine Flu May Effect Las Vegas Tourism
Mexico appears to be ground zero for the swine flu outbreak, but the biggest fallout for Las Vegas could come from a response that shuts down travel.
Wednesday, April 29, 2009
Will Ohio Casino Initiative Effect Michigan?
Forget the football rivalry. The Buckeye State is suiting up to challenge Michigan in an even bigger game: casino gambling.
Wednesday, April 29, 2009
Tropicana in Atlantic City May Go On the Auction Block
The Tropicana Casino & Resort is expected to go on the auction block today. The New Jersey Casino Control Commission will vote on a deal between Tropicana trustee Gary Stein and the casino's senior lenders at a hearing here this morning.
Wednesday, April 29, 2009
Pinnacle May Close Boomtown in Reno, Nevada
Pinnacle Entertainment might close its Reno-area casino unless the property starts turning a profit.
During the company's first-quarter earnings conference call Friday, Pinnacle Chairman and Chief Executive Officer Dan Lee, in response to a question about a quarterly loss at Boomtown Reno, said he would rather close the property than lose money on an annual basis.
Tuesday, April 28, 2009
Casino Empires are not Built on Credit
Phil Ruffin, owner of Treasure Island and 11 other casinos and hotels, explains how casino empires are built on assets - not credit.
Tuesday, April 28, 2009
Inspectors Note Unresolved Deficiencies at CityCenter Construction
It is five months until the first tower is set to open at CityCenter, one of the largest private construction projects in U.S. history, but general contractor Perini Building Co. has not yet resolved numerous construction deficiencies cited by inspectors.
Monday, April 27, 2009
'Hollywood Dave' Takes Home World Series of Poker Circuit Title
Fantasy became reality today as "Hollywood Dave" became the King of Vegas, at least until the next tournament is dealt. "Hollywood" is actually 35-year-old Dave Stann, the winner of the most recent World Series of Poker Circuit tournament held at Ceasars Palace Las Vegas. Stann, who is originally from Cleveland, topped one of the largest fields at this year's Caesars series.
Monday, April 27, 2009
Sullivan County in New York Approves Casino Project
The Sullivan County Legislature today approved an agreement with the Seneca Nation of Indians, a federally recognized sovereign Indian Nation, the Seneca Catskills Gaming Corporation, a wholly-owned corporate entity of the Nation, and Sullivan County to develop a Class III Gaming casino on 63 acres of land at exit 107 off of Route 17 (Interstate 86) in the Town of Thompson.
Monday, April 27, 2009
Officials Shut Down 560 Rooms at Las Vegas Tropicana
Officials at the Tropicana have closed 560 rooms that apparently have renovations that don't comply with building codes. On Thursday hotel managers decided to close the rooms in the Paradise Tower to deal with a discovery that plumbing renovations to the rooms are out of compliance, general manager Ron Thacker said.
Friday, April 24, 2009
Penn National Profits Above Wall Street's Expectations
Regional casino operator Penn National Gaming posted a first-quarter profit that exceeded Wall Street's expectations, but the company's infatuation with Las Vegas was still foremost with analysts.
Friday, April 24, 2009