The Weekly Gaming Business Wrap Up
Stay Informed About The Gaming World
Here’s a look at the headlines for this week in the gaming business world.
Bill Lerner, an analyst from the Union Gaming Group, says that a proposed tax hike on Nevada’s highest grossing casinos is not economically sustainable, and would result in a job loss of 7,500 or more. Those casinos that make more than $250,000 a month in gambling revenue would see a jump in taxes from 6.75 percent to 9 percent.
The New Jersey Casino Control Commission has approved a permanent license for the Golden Nugget casino, formerly known as the Trump Marina. Landry’s Restaurants bought the casino in May for $38 million, or about 1 tenth of what Trump Entertainment purchased it for two years earlier.
Andrew Wilkie, a 41-year-old headteacher of a primary school in Buckley, admitted to stealing more than £53,000 of school funds after forming an addiction to online poker. Wilkie also re-mortgaged his family home and maxed out his credit cards. He will be sentenced in mid-March.
MGM Resorts International and Ameristar Casinos have agreed to form a marketing alliance in order to draw more visitors to their casinos across the U.S. and Las Vegas. The partnership concerns the use of their rewards and loyalty programs, which allows customers to receive deals and special offers from both companies.
San Francisco-based Zynga (ZNGA) went public in mid-December and stock struggled out of the gate before surging to a record high of $14.55 on Tuesday. On Wednesday, the company revealed a four-quarter loss, despite an increase in revenue of 59 percent, which resulted in a fall of 15.3 percent to $12.16.
Billionaire casino mogul Sheldon Adelson has already given Newt Gingrich and his campaign $11 million, but the Las Vegas Sands CEO has pledged an additional $10 million in an effort to support the super PAC “Winning our Future,” which is largely credited with helping the former house speaker win the South Carolina primary.
|1||Monte Carlo Casino Closes Poker Room|
|2||Las Vegas' Best Non-WSOP Summer Series In 2017|
|3||Man Tries To Rob Poker Game At Gunpoint|
|4||Hart Returns To High-Stakes Poker In Monte Carlo|
|5||Poker Game At Senior Center Forced To Shut Down|
|6||$1.6B Project For Wynn Las Vegas Greenlit|
|7||The Best Casino Games For Advantage Players|
|8||Busse Wins CPPT Ocean's 11 San Diego Classic|
|9||Win Your ACR Sunday Special Buy-In For Free|
|10||CPPT Ocean's 11: Recap of Flights 1E and 1F|
|1||Man Left Empty Handed After Slot Machine Fiasco|
|2||Bicycle Casino Shut Down After Police Raid|
|3||Poker High Roller Sues Roommate Over Unpaid Rent|
|4||Poker Pro Receives 8 Years For Debt Collection Scheme|
|5||Bicycle Casino Reopens Day After Government Raid|
|6||Man Attacked By Security On United Flight Is A Poker Player|
|7||Feds Indict Another Top Las Vegas Sports Bettor|
|8||Ryan Riess Wins 2017 WPT SHRP Finale|
|9||Bike Raid Could Hurt PokerStars Team In California|
|10||Podcast: Schulman After Losing 7-Figure Roll|