Fri, Feb 12, 2010
Questions about the suitability of MGM Mirage’s Macau partner Pansy Ho were raised by the New Jersey Division of Gaming Enforcement last year in a report that recommends rejection of the joint venture. Now, rather than fighting what it previously deemed as incorrect, MGM Mirage will sell its interest in the Borgata (l.) and walk away.
Fri, Feb 12, 2010
As one of the two states in the U.S. that doesn’t allow any forms of gaming, Hawaii is taking a serious look at the industry by considering two bills in the legislature. Rep. Jon Riki Karamatsu (l.) authored a bill that would permit one casino in Oahu.
Fri, Feb 12, 2010
Losing racino bidder Penn National claims the “closed-door” process was unfair, and reports circulate that ties between a decision-maker and the Rev. Floyd Flake (l.), a Queens minister, were influential.
Fri, Feb 12, 2010
Alabama casino owners ask state lawmakers to call off Governor Bob Riley’s anti-gaming raiders. Three casinos are now dark, and 5,000 people are out of work.
Fri, Feb 12, 2010
Kansas senators last week heard widely divergent opinions about the advisability of charging racetracks a lower percentage of the profits if they operated state-sponsored slot machines. Kansas Entertainment recently released its drawings and plans for a casino at the Kansas Speedway (l.).
Fri, Feb 12, 2010
A campaign pledge to oppose racetrack slots apparently meant nothing as New Jersey Governor Chris Christie (l.) has now said that the measure would be considered by his commission studying the gaming industry in the state.
Fri, Feb 12, 2010
State lawmakers in Maryland consider whether to add table games to the planned slot-only casinos in five locations around the state, as a battle shapes up over one of those five locations, the Arundel Mills mall (l.).
Fri, Feb 12, 2010
Ohio’s voters will get to vote in May on a constitutional amendment that would change the location for a regional casino resort in Columbus.
Fri, Feb 12, 2010
The Ritz-Carlton Lake Las Vegas, located in a bankrupt luxury community miles from the Las Vegas Strip, is closing in May due to a lack of funding from owner Village Hospitality LLC.
Fri, Feb 12, 2010
Pinnacle Entertainment announced that it will abandon plans for a mega-casino on the former site of the Sands Casino in Atlantic City, citing an inability to finance its project.
Fri, Feb 12, 2010
As many as 17,000 slot machines distributed among six locations could be in the future for New Hampshire if a bill filed last week by a state senator passes.
Fri, Feb 12, 2010
Casino cruise passengers may be able to gamble while still docked in Georgia waters if a state House of Representatives bill is passed.
Fri, Feb 12, 2010
A modest Indiana Senate bill that would free riverboat casinos from some restrictions faces more robust additions in the House, such as restoring a provision that would allow the water bound casinos to move inland.
Fri, Feb 12, 2010
Two states are actively looking into the approval of legislation that would legalize sports betting there, despite a federal ban passed in the early 1990s on the betting activity.
Fri, Feb 12, 2010
For the second time in less than a year, Deutsche Bank has written down the value of the Cosmopolitan resort in Las Vegas, citing the city’s poor market.
Fri, Feb 12, 2010
Donald Trump will support Trump Entertainment Resorts bondholders in their battle for control of his former company
Fri, Feb 12, 2010
In a recent Clark County land auction, developer Brett Torino purchased 2.15 acres near CityCenter for $25 million (shown adjacent to Planet Hollywood at left). It is uncertain what Torino plans to build on the property.
Fri, Feb 12, 2010
The iconic 48-foot-tall wooden horse (l.) that once stood at the entrance to FAO Schwarz in the Forum Shops at Caesars Palace will be dismantled after the toy store has ended its tenure at the mall.
Fri, Feb 12, 2010
Some Maine lawmakers see allowing table games at the state’s lone racino, Hollywood Slots, as a way of helping to make up for some looming budget cuts.
Fri, Feb 12, 2010
Governor M. Jodi Rell (l.) believes that she has the authority to begin offering keno as part of the state lottery. Some lawmakers fear this action threatens the state’s compacts with its two Indian casinos, which also offer keno.
Fri, Feb 12, 2010
Penn National Gaming is experiencing losses associated with investments that it expects to reap big rewards from later down the road—but that didn’t help the bottom line for the last quarter earnings for 2009.
Fri, Feb 12, 2010
A sign goes up to signal that the River City Casino in Lemay, Missouri, just south of St. Louis, which is slated to open on March 4.
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