Caesars May Still Stop Suits

An appeals court in Chicago has overturned lower-court rulings that denied the request of Caesars Entertainment’s largest operating unit to halt shareholder lawsuits during bankruptcy proceedings.

Published January 4, 2016

GLPI Finally Buys The Meadows

Gaming and Leisure Properties, Inc., the REIT spun off by Penn National Gaming, has acquired the Meadows Racetrack and Casino outside of Pittsburgh for $440 million from Cannery Casino...

Published December 21, 2015

New York Set to License Three Casinos

The first three casinos that were chosen by the New York Gaming Commission are likely to get their licenses next week at a meeting of the commission. Empire Resorts’...

Published December 21, 2015

Georgia Committee Offers Gaming Report, Not Recommendations

In Georgia, instead of offering specific recommendations about expanded gambling, a joint House and Senate study committee will offer a report ahead of the January 11 session. Lawmakers will...

Published December 21, 2015

Raided California Card Rooms Want to Reopen

A raid involving hundreds of state and federal agents aimed at an operation spanning three nations but based in San Diego, California, shut down two card rooms that were...

Published December 21, 2015

Reid Withdraws Caesars Bankruptcy Amendment

Retiring Senator Harry Reid has dropped his bid to attach a repeal of the Trust Indenture Act to muss-pass legislation. The rider would have helped Caesars in its bankruptcy...

Published December 21, 2015

Only Operating Massachusetts Casino Falling Far Short

Plainridge Park Casino in Plainville was the first Massachusetts casino to open. The slots-only facility has failed to perform up to expectations, however, as the state has cut its...

Published December 21, 2015

McGregor To Reopen VictoryLand

VictoryLand Casino in Macon County, Alabama will reopen soon, announced owner Milton McGregor (l.). The casino closed after a 2013 raid in which 1,600 electronic bingo machines were seized....

Published December 21, 2015

Alon Las Vegas Facing Obstacles

Decreased Asian gaming revenues and increased debt are causing the principal investor in the Alon Las Vegas project to seek new investors and lower its stake in the project,...

Published December 21, 2015

Indiana Counties Reach Riverboat Revenue Agreement

A dispute over riverboat gambling revenue has ended between Switzerland and Jefferson counties, Indiana. Switzerland County will deliver to Jefferson County $50,000 in economic development funds it has been...

Published December 21, 2015

Improved Cash Flow for Sands Bethlehem

The Sands Bethlehem Casino (hotel at l.) in Pennsylvania proved to be the only one to generate positive cash flow growth for Las Vegas Sands through the first three...

Published December 21, 2015

Golden Nugget Boosts Lake Charles Results

The $700 million Golden Nugget Casino (l.) opened in Lake Charles, Louisiana a year ago, siphoning players from L'Auberge Casino and Isle of Capri, but also drawing more to...

Published December 21, 2015

Detroit Casino Workers Ratify Contract

A new 5-year contract covering nearly 6,000 union workers at Greektown Casino, MotorCity and MGM Grand Detroit recently was ratified, much to the relief of casino and Detroit officials....

Published December 21, 2015

Borgata Atlantic City, Phil Ivey Still Battling in Court

Atlantic City’s Borgata casino is still charging that poker pro Phil Ivey cheated at the casino in a court case involving Ivey’s use of “edge-sorting” at a Borgata baccarat...

Published December 21, 2015

Court Of Appeals To Hear Sioux City Casino Case

The Belle of Sioux City, former parent company of the Argosy Sioux City, asked the state Supreme Court to overturn a three-judge panel's ruling upholding the Iowa Racing and...

Published December 21, 2015

Atlantic City Casino Workers Job Training Bill Advances

A bill to fund training programs for Atlantic City casino workers who have lost their jobs to casino closings is advancing in the New Jersey Legislature.

Published December 21, 2015

Iowa Slots Paying One-Third Less

With an average hold of 9.37 percent, Iowa slots pay out one-third less than 10 years ago, placing them among the tightest in the nation, according to a study...

Published December 21, 2015

Eureka Casino Employee Stock Approved

The Nevada Gaming Commission in November approved an employee stock ownership program for the Eureka Casino in Mesquite, which the Lee family says gives casino employees a partial stake...

Published December 21, 2015

Atlantic City Council OKs Bader Field Lease

The Atlantic City Council has approved a lease agreement which would see the city’s former municipal airport, Bader Field, used for a sports complex. However, the owner of the...

Published December 21, 2015

$1 Billion Electric Car Plant Heads for North Las Vegas

California electric automaker Faraday Future announced it will open a $1 billion automotive plant in North Las Vegas, Nevada, after the city won over bids from locations in Georgia...

Published December 21, 2015