Casino Revenues Belong To Detroit

A federal judge ruled casino tax revenue, as much as $15 million a month, belongs to the bankrupt city of Detroit, and therefore is inaccessible to bond insurer Syncora...

Published July 21, 2014

Twin Rivers Prepares For Massachusetts Gambling

With the $250 million purchase of Hard Rock Biloxi completed, Twin River Casino in Rhode Island is getting ready for the coming crush from Massachusetts gambling. The company also...

Published July 21, 2014

West Virginia Casino Could Go Smokeless

The Hancock County, Pennsylvania Health Board has proposed banning smoking in businesses including casinos. MTR Gaming President Joseph Billhimer said that means Mountaineer Casino could lose revenue and jobs....

Published July 21, 2014

Illegal Gambling Bust at Caesars Palace

The FBI arrested eight people for allegedly running an illegal gambling ring, using Caesars Palace in Las Vegas as its base of operations. The suspects, who have been linked...

Published July 21, 2014

LEX Opens at Reno’s Grand Sierra

In a bid to draw high-spending clubbers to the Reno market, the Grand Sierra Resort and Casino has opened its luxe new LEX nightclub. The $15 million watering...

Published July 21, 2014

New York: Hurry Up and Wait

Last month, 17 gaming partnerships formally submitted their casino proposals to the state of New York (Nevele proposal for Catskills at left). The winners will not be chosen until...

Published July 14, 2014

Boston, Mohegan Reach $18 Million Casino Agreement

Not a “host” city, Boston is trying to outline deals with the two developers of casinos in the region, neither of them located in the city. Last week, the...

Published July 14, 2014

Affinity Braces for Default

Affinity Gaming is warning investors it expects to default on a portion of its $382.7 million in long-term debt. Affinity has 11 properties in four states, including one in...

Published July 14, 2014

Experts Call New Jersey’s Sports Betting Play a Long Shot

After losing a bid to overturn a federal ban on sports betting in federal court, the New Jersey Legislature has passed a bill to allow unregulated sports betting in...

Published July 14, 2014

R.I. Casino Referendum Fight Expected to be Robust

The Rhode Island legislature has placed a measure on the November ballot that would allow the Newport Grand Casino (l.) to add table games. A robust election campaign is...

Published July 14, 2014

Iowa Supports Isle’s Land-Based Plan

The Iowa Gaming Commission supports a proposed land-based Isle of Capri casino along the waterfront in the city of Bettendorf, Scott County. The Bettendorf City Council also has thrown...

Published July 14, 2014

Florida Dog Tracks Struggling

In 1990, wagers on live dog races in Florida totaled nearly $1 billion. Last year that figure dropped to $258 million. Some greyhound tracks try to survive on casino...

Published July 14, 2014

Maryland Blamed For West Virginia Losses

New racetrack casinos in Maryland and Ohio are luring gamblers and taking revenue from West Virginia's four racinos, where revenue is down 11.5 percent for the fiscal year. Those...

Published July 14, 2014

Keno Divides Arkansas Legislators, Lottery Director

Arkansas lawmakers recently approved a moratorium on keno monitor games until next March. State Senator Jimmy Hickey said that allows time to review "any and every aspect" of the...

Published July 14, 2014

Is Detroit Casino Tax Revenue City Property?

Bond issuer Syncora Guarantee Inc. is appealing a bankruptcy judge's ruling that casino tax revenue--$15 million a month—is the property of the city of Detroit and protected by the...

Published July 14, 2014

Siegel to Invest $300 Million in LVH

Timeshare king David Siegel (l.), the new owner of the LVH Las Vegas (now Westgate Las Vegas), promises to spend hundreds of millions of dollars to upgrade the property....

Published July 14, 2014

Agency to Study Atlantic City Cruise Ship Feasibility

New Jersey’s Casino Reinvestment Development Authority will study the feasibility of Atlantic City becoming a stop for small cruise lines. Cruise line analysts, however, say the resort is too...

Published July 14, 2014

Puerto Rico to Add Casino

In a bid to improve the island economy, Puerto Rico’s Department of Economic Development and Commerce and a local redeveloping authority are considering new tourist attractions, including a casino...

Published July 14, 2014

County Officials Oppose State Bill to Regulate Atlantic City Beach Bars

Two Atlantic County officials have come out against a plan to have Atlantic City enforce noise regulations at the city’s beach bars. With Atlantic City struggling, they say this...

Published July 14, 2014

Gulf Coast Casino Breaks Ground July 15

Five million fewer people have visited Mississippi Gulf Coast casinos in the last two years, but building and renovation moves forward. D'Iberville's first casino, the $250 million Scarlet Pearl...

Published July 14, 2014