New York OTB Hires Consultants Union Gaming

Nassau Regional Off Track Betting of Mineola, New York recently hired Union Gaming Analytics of Las Vegas to help it gear up for opening a mini-casino featuring 1,000 video...

Published September 8, 2014

Study Says Maine Could Absorb two More Casinos

Maine could absorb two more casinos without threatening the state with gaming saturation, a new study says.

Published September 8, 2014

Slots Concern Illinois Casinos, City Governments

Illinois casino revenue fell 5.3 percent in 2013, the first full year of legal slots in licensed bars, restaurants, truck stops and veterans and fraternal organizations. With more than...

Published September 8, 2014

Colorado Casino Expansion Opponents Launch Campaign

Coloradans for Better Schools launched a TV campaign supporting Amendment 68, which would allow a casino at Arapahoe Park (l.) in Aurora, with a portion of income going to...

Published September 8, 2014

Atlantic City Casino Profits Up

Atlantic City casinos saw increased profits in the second quarter of 2014, but most of the increase can be traced to a major tax settlement by the Borgata Hotel...

Published September 8, 2014

Can Atlantic City’s Showboat Be Sold as a Casino?

An Atlantic County legislator is preparing to fight Caesars Entertainment over its policy of selling former casino properties in Atlantic City with restrictions that they cannot continue to operate...

Published August 25, 2014

Caesars Cuts Deal With Trustee

Caesars Entertainment has reached a deal with the trustee of first-lien bonds that could result in delay of a potential notice of default. Meanwhile, Caesars wants to spin off...

Published August 25, 2014

Dania Casino Closing For One Year

Opened just six months ago, Dania Casino and Jai-Alai in Broward County, Florida will close October 15 for one year while a $130 million renovation is completed. More than...

Published August 25, 2014

MGM: Good News in 2Q

Just five years ago, it looked like ill-timed investments by MGM Resorts International would hobble the company indefinitely, or even cause its demise. Now the Lion is back, and...

Published August 25, 2014

Battle for Boston Metro License Gets Heated

The Massachusetts Gaming Commission will probably decide whether to award a gaming license to Steve Wynn or the Mohegan tribe by the end of September. The license for the...

Published August 25, 2014

Maine Lawmakers Looking at Gaming Again

Legislators in Maine are looking at expanding the number of casinos in the state. It has hired a gaming consultant to do a study on the feasibility of more...

Published August 25, 2014

Non-Gaming Revenues Keeps ACEP Above Water

In the quarter that ended June 30, nongaming revenue was the driver of positive results for American Casino & Entertainment Properties, parent company of the Stratosphere (l.) and Arizona...

Published August 25, 2014

U.S. Cracks Down on Money Laundering

The United States is pressing global banks to scrutinize transactions from casino customers. Bankers aren’t too happy with the new responsibility. The tougher stance was sparked by cases like...

Published August 25, 2014

Iowa Candidates Disagree On Licensing

Republican Iowa Governor Terry Branstad (l.) recently stated he supports the Iowa Racing and Gaming Commission's decision to not issue new casino licenses for three years, to prevent cannibalization....

Published August 25, 2014

Crown Deal Boosts Strip Values

If a rising tide lifts all boats, the sale of property where the New Frontier once stood could bode well for all the property on that end of the...

Published August 25, 2014

Cosmo in Growth Mode

The multibillion-dollar resort Cosmopolitan, which has never turned a profit since it opened in 2010, now seems to be heading in the right direction. In the second quarter, Cosmo...

Published August 25, 2014

Racism Charges Dog Cordish in NY

New York gaming commissioners could consider allegations of racism made against the Cordish Companies at its properties elsewhere around the U.S. Among other things, the company has been accused...

Published August 25, 2014

Rensselaer One-Ups Greenbush in Casino Bid

First, the city of Greenbush, New York offered $7 million to Albany in exchange for its support of a casino in the community. Then the community of Rensselaer sweetened...

Published August 25, 2014

AC Plans More Big Concerts

Atlantic City’s casino revenues are flagging, but still throws a heck of a concert. Mayor Don Guardian and the Casino Reinvestment Development Authority are working with Live Nation to...

Published August 25, 2014

Communities Differ On Video Gambling

Illinois communities take different approaches to video gambling, which has been legal since 2011. Rockford aldermen are considering how to control the proliferation of businesses with video gambling. In...

Published August 25, 2014