Sat, Feb 18, 2012
As a result of a lawsuit filed by Japanese billionaire Kazuo Okada (l.), the Securities and Exchange Commission has launched an inquiry into a $135 million charitable donation to the University of Macau. And the first court decision concerning the battle between Wynn Resorts Chairman Steve Wynn and former Vice Chairman Okada could be interpreted as a win or loss by both sides. Time will tell.
Sat, Feb 18, 2012
Amendments have been added to bill HB593, which would increase the number of gaming licenses in New Hampshire from two to four. The bill envisions two large and two smaller casinos, with a combined total of 14,000 slot machines and 420 table games. Supporters argue that expanded gaming in the state is essential to create jobs and stave off competition from Massachusetts and Connecticut, but opposition to the bill is heavy in the House and Governor John Lynch (l.) has pledged to veto it.
Sat, Feb 18, 2012
The Vegas casino giant, Las Vegas Sands, blames the Malaysian company for the failure of the Florida casino bill. It also takes pot shots at the Walt Disney Company. The Genting project (l.) was called too ambitious.
Sat, Feb 18, 2012
The Bay State could be five years away from its first casino, according to the man who will lead the commission, Stephen Crosby (l.), that will decide when and where those three casinos and one slots parlor will open.
Sat, Feb 18, 2012
The Golden Nugget in Atlantic City has received its permanent gaming license from New Jersey’s Casino Control Commission. The license comes after a nine-month evaluation that has seen a $150 million renovation of the former Trump Marina, and a commitment by Landry’s Inc. owner Tilman Fertitta to the East Coast gaming market.
Sat, Feb 18, 2012
A punishing spike in gaming revenue taxes could cost the Silver State’s primary industry up to 7,500 jobs, says an analyst. A businessman says casinos should pay their share.
Sat, Feb 18, 2012
Pennsylvania’s 11th casino, the Valley Forge Casino Resort, announced that it will open its doors March 31 with 600 slot machines and 50 table games.
Sat, Feb 18, 2012
A new attraction for Downtown Las Vegas—the Mob Museum—opened last week in the former U.S. federal building where many investigations were launched. The museum will seek to attract tourists and visitors alike.
Sat, Feb 18, 2012
The local county council is formally opposing a bill introduced in the Maryland legislature that would add Prince George’s County as an approved slot location. But a billion-dollar project for National Harbor (l.) on the Potomac River could change some minds.
Sat, Feb 18, 2012
The Speaker of the Missouri House of Representatives, Steve Tilley, said he will not support the governor’s proposal to raise admission fees at casinos to fund veterans homes. Nixon wanted to raise the fees from the current $2 to $3, which would lead to a $53 million loss for the state’s 12 casinos, according to the Missouri Gaming Commission.
Sat, Feb 18, 2012
In mid-April, the Lighthouse Point Casino in Greenville, Mississippi will be rebranded as the Trop Casino Greenville after a $6.8 million expansion and renovation. The Jubilee casino will close and its operations will be absorbed into the Trop Casino Greenville.
Sat, Feb 18, 2012
Several gambling bills are being considered in the South Dakota legislature. Among them is SB108, which would raise the casino betting limit tenfold, from $100 to $1,000. Supporters say the increased limits would attract more players and help the state’s struggling gaming industry.
Sat, Feb 18, 2012
MGM Resorts International and Ameristar Casinos Inc. have agreed to a marketing alliance to draw more visitors to their casinos across the U.S. and Las Vegas.
Sat, Feb 18, 2012
The take from an expanded Resorts World could net the state $700 million per year. Governor Andrew Cuomo backs the plan; the Seneca tribe will lead charge against it.
Sat, Feb 18, 2012
The mayor of Natchez, Mississippi says the controversial Magnolia Bluffs Casino is “simply the best opportunity that we have had in the past 15 years to advance Natchez.” He said the development, a $45 million investment, would provide 300 new jobs and generate $800,000 annually in gross revenues, among other benefits.
Sat, Feb 18, 2012
Project financing recently closed for Bossier Casino Venture’s $197 million Margaritaville Resort Casino to be built along the Louisiana Boardwalk in Bossier City. It will be the third Margaritaville casino in the nation and the sixth casino in the Shreveport-Bossier City market.
Sat, Feb 18, 2012
The Las Vegas Strip resort has announced that it has lightened its staff load. No figures were forthcoming; officials say the reductions amounted to less than 1 percent.
Sat, Feb 18, 2012
The Chicago Tribune and WGN-TV recently polled 600 registered voters in Illinois, and half said they support expanded gambling. In addition, 54 percent of poll participants in Chicago said they want a casino there, with 39 percent opposed.
Sat, Feb 18, 2012
For the moment Hawaii will remain unblemished by casino gaming. A proposal that would have allowed a single casino resort in Waikiki has died in committee.
Sat, Feb 18, 2012
The Lady Luck casino in downtown Las Vegas, closed since 2006, may be on the verge of a new winning streak, with a new name and a new look.
Sat, Feb 18, 2012
Bob Lux has been touring Minnesota promoting his proposed Block E casino in downtown Minneapolis. He said the casino could help finance a new Vikings stadium—but so does the White Earth Tribe, who want to build a casino in Arden Hills.
Sat, Feb 18, 2012
Tropicana Entertainment hints that the Laughlin gaming hall it owns, the River Palms, will undergo changes, but does not get specific. Insiders say it could be sold off.
Sat, Feb 18, 2012
A statewide smoking ban has failed to pass the Indiana Senate for five years. But legislators believe they finally have crafted a bill that could become law, which includes a property-wide exemption for casinos. Evansville, in the meantime, passed a smoking ban that exempts the gaming floor of Casino Aztar.
Sat, Feb 18, 2012
The Port Canaveral, Florida, board of commissioners has cut the cruise company a $1 million-plus break in annual payments to help it pay for more advertising for the Victory 1 casino boat.
Sat, Feb 18, 2012
Nevada tax collectors demand a piece of the action when it comes to complimentary meals given to casino patrons and employees.
Sat, Feb 18, 2012
Exterior construction was officially completed on the new Cordish casino in Anne Arundel County, Maryland, which will open the state’s largest casino in June.
Sat, Feb 18, 2012
Due to protests by animal rights groups and concerned citizens, owners of Steel Pier in Atlantic City have canceled the return of the Diving Horse act. The revival of the act was part of a $100 million renovation to restore the former “Showplace of the Nation.”
Sat, Feb 18, 2012
A unit of the newly public Caesars Entertainment Corporation has received consent to extend the maturity date of some of its term loans.
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